Promoting Paradise and Alleviating Poverty

Madan Kumar Mahato 세계문화관광학회 2008 Conference Proceedings Vol.9 No.0

Integrated Reporting: A New Paradigm of Corporate Reporting

Madan Lal Bhasin 국제융합경영학회 2017 융합경영연구 Vol.5 No.2

The landscape of corporate reporting is changing quickly. The concepts, elements and principles that characterize the way organizations plan, manage and report their annual performances are currently being questioned, debated, and redesigned throughout the world. However, widening the scope of corporate performance and reporting is a major issue. Research needs to bridge the gap between social and financial performance by considering corporate performance in a wider perspective. At base, IR is a relatively new but powerful idea: enhancing the way organizations think, plan and report the story of their business. Organizations are using IR to communicate a clear, concise, integrated story that explains how all of their resources are creating value. This paper examines the rise of what has been widely claimed to represent a new and striking future for corporate reporting, namely the notion of “Integrated Reporting” (IR). Unfortunately, there is poor empirical research work undertaken which has focused on published integrated reports. This research study provides initial analysis of the content and structure of the corporate integrated reports published in 2013 and available on the International Integrated Reporting Council (IIRC) Emerging Examples Database. As part of this study, Integrated Reports were analyzed for company information, report information and report content. Moreover, they were also evaluated as to the extent these adhered to the integrated reporting (IR) Guiding Principles, Content Elements, and the multiple capitals model. Findings of this study indicate that “early integrated reports were mostly lengthy, fail to adhere to all the guiding principles, and covered four of the six capitals suggested.” At present, no universally accepted global framework for IR exists and it is still largely a voluntary practice. We believe that IR of both financial and non-financial performance should be made mandatory, and it should become a universal practice for all the global listed companies within the next 5-10 years.

Comparative Evaluation of Two-dimensional Radiography and Three Dimensional Computed Tomography Based Dose-volume Parameters for High-dose-rate Intracavitary Brachytherapy of Cervical Cancer: A Prospective Study

Madan, Renu,Pathy, Sushmita,Subramani, Vellaiyan,Sharma, Seema,Mohanti, Bidhu Kalyan,Chander, Subhash,Thulkar, Sanjay,Kumar, Lalit,Dadhwal, Vatsla Asian Pacific Journal of Cancer Prevention 2014 Asian Pacific journal of cancer prevention Vol.15 No.11

Background: Dosimetric comparison of two dimensional (2D) radiography and three-dimensional computed tomography (3D-CT) based dose distributions with high-dose-rate (HDR) intracavitry radiotherapy (ICRT) for carcinoma cervix, in terms of target coverage and doses to bladder and rectum. Materials and Methods: Sixty four sessions of HDR ICRT were performed in 22 patients. External beam radiotherapy to pelvis at a dose of 50 Gray in 27 fractions followed by HDR ICRT, 21 Grays to point A in 3 sessions, one week apart was planned. All patients underwent 2D-orthogonal and 3D-CT simulation for each session. Treatment plans were generated using 2D-orthogonal images and dose prescription was made at point A. 3D plans were generated using 3D-CT images after delineating target volume and organs at risk. Comparative evaluation of 2D and 3D treatment planning was made for each session in terms of target coverage (dose received by 90%, 95% and 100% of the target volume: D90, D95 and D100 respectively) and doses to bladder and rectum: ICRU-38 bladder and rectum point dose in 2D planning and dose to 0.1cc, 1cc, 2cc, 5cc, and 10cc of bladder and rectum in 3D planning. Results: Mean doses received by 100% and 90% of the target volume were $4.24{\pm}0.63$ and $4.9{\pm}0.56$ Gy respectively. Doses received by 0.1cc, 1cc and 2cc volume of bladder were $2.88{\pm}0.72$, $2.5{\pm}0.65$ and $2.2{\pm}0.57$ times more than the ICRU bladder reference point. Similarly, doses received by 0.1cc, 1cc and 2cc of rectum were $1.80{\pm}0.5$, $1.48{\pm}0.41$ and $1.35{\pm}0.37$ times higher than ICRU rectal reference point. Conclusions: Dosimetric comparative evaluation of 2D and 3D CT based treatment planning for the same brachytherapy session demonstrates underestimation of OAR doses and overestimation of target coverage in 2D treatment planning.

Intellectual Capital Measurement and Disclosure : A New ‘Paradigm’ in Financial Reporting

Madan Lal Bhasin 국제융합경영학회 2016 융합경영연구 Vol.4 No.4

In today’s knowledge-based economy, measurement and disclosure (M&D) of intellectual capital (IC) are crucial for enhancing business performance and competitiveness. In the global world, M&D of IC are useful means to keep investors well-informed and reduce information asymmetry. At present, very few leading corporations in India have disclosed IC information on a ‘voluntary’ basis. Traditional accounting practices, therefore, will need to assimilate innovations that seek to meaningfully represent the ‘true-value’ of the intangible assets of the company. This is an exploratory study of IC M&D by 8 Indian companies over 5-year period, using ‘content’ analysis and market-value-added (MVA) as research methodologies. The annual reports of companies were collected from their respective websites. As part of present study, various statistical techniques have been used to analyze the data. The findings show that the sample companies, on an average, reported a positive value of IC, along with wide-disparity, low-level of ICD. Unfortunately, the omission of IC information may adversely influence the quality of decisions made by shareholders, or lead to material misstatements. Finally, we recommend to “the international accounting bodies, to take the lead by establishing a harmonized ICD standard, and provide guidance to the big listed-companies for proper measurement and disclosure of IC, both for internal and external users.”

Fraudulent Financial Reporting Practices: Case Study of Satyam Computer Limited

Madan Lal Bhasin 국제융합경영학회 2016 융합경영연구 Vol.4 No.3

Fraudulent financial reporting practices can have significant consequences for organizations and all stakeholders, as well as, for public confidence in the capital and security markets. In fact, comprehensive, accurate and reliable financial reporting is the bedrock upon which our markets are based. Keen to project a rosy picture of the Satyam to investors, employees and analysts, Mr. Raju (CEO and Chairman) fudged the account books so that it appeared to be a far bigger enterprise, with high profits and fast growth rate, than it actually was. The Satyam fraud has shattered the dreams of different categories of investors, shocked the government and regulators alike, and led to questioning of the accounting practices of statutory auditors and corporate governance norms in India. This is an exploratory study based on secondary sources of information. An attempt has been made to provide an explanation for various intriguing questions about Satyam scam. After thorough investigations by the CBI and SEBI, they have unveiled the methodology by which Satyam fraud was engineered. Finally, we recommend “Fraudulent reporting practices should be considered as a serious crime, and accounting bodies, courts and other regulatory authorities in India need to adopt very strict punitive measures to stop such unethical practices.”

Role of Forensic Accounting to Strengthen Corporate Governance

Madan Lal Bhasin 국제융합경영학회 2017 융합경영연구 Vol.5 No.1

An increasing number of researchers are finding that ‘poor’ CG is a leading factor in dismal performance, manipulated financial reports, and unhappy stakeholders. Undoubtedly, qualified, trained and mature Chartered Forensic Accountants (CFA’s) can prove to be a valuable asset to the corporate sector, and gradually help to improve their CG system. The fundamental objective of this study is to find out “how can we integrate the expertise of the FA to improve the overall CG scenario prevalent in India?” This is a preliminary investigation of the necessary skills, educational and training requirements for CFA’s to improve CG system. During 2011-12, a questionnaire-based survey was conducted in the NCR of India using a sample size of 120 practicing chartered accountants, accounting academics, and potential users of FA services. Results indicate that potential practitioners, academics and users agree that “critical thinking, written & oral communication, legal knowledge, auditing skills, deductive analysis, investigative flexibility, analytical proficiency and unstructured problem-solving are the most important skills required for the CFAs.” Moreover, we found that all of the skills investigated in this study are ‘potentially’ important for the CFAs, which the educators at the Universities should use as an overall guide while designing their FA curriculum.”

Fraud Scenario Prevalent in the Banking Sector: Experience of a Developing Country

Madan Lal Bhasin 동아시아경상학회 2016 The East Asian Journal of Business Economics Vol.4 No.4

Banks are the engines that drive the operations in financial sector, money markets and growth of economy. With growing banking industry in India, frauds in Banks are increasing and fraudsters are becoming more sophisticated and ingenious. Shockingly, banking industry in India dubs rising fraud as “an inevitable cost of doing business.” As part of study, a questionnaire-based survey was conducted in 2012-13 among 345 Bank employees “to know their perception towards bank frauds and evaluate factors that influence the degree of their compliance level.” The study reveals, “there are poor employment practices and lack of effective employee training; usually over-burdened staff, weak internal control systems, and low compliance levels on the part of Bank Managers, Offices and Clerks. Although banks cannot be 100% secure against unknown threats, a certain level of preparedness can go a long way in countering fraud risk. Internal audit professionals should play an integral role in organization’s fraud-fighting efforts. Some other promising steps are: educate customers about fraud prevention, make application of laws more stringent, leverage the power of data analysis technologies, follow fraud mitigation best practices, and employ multipoint scrutiny. In 2015, the RBI has introduced new mechanisms for banks to check loan frauds by taking pro-active steps by setting up a Central Fraud Registry, introduced the concept of Red Flagged Account, and Indian investigative agencies (CBI, CEIB) will start sharing their databases with banks.

ANALYSIS OF SCANNER DATA ON SEAFOOD PRODUCTS IN THE UNITED STATES

Madan Mohan Dey,Oai Li Chen 한국수산과학회 양식분과 2015 한국수산과학회 양식분과 학술대회 Vol.2015 No.5

RELIGION AND SOCIAL CHANGE IN INDIA: SOME CONCEPTUAL ISSUES

Madan,T.N. The Center for Area Studies Seoul National Univers 1995 Journal of International and Area Studies Vol.2 No.1

By way of concluding remarks, let me touch briefly on religious revivalism in the contemporary world as a mode of social change. Its expressions range from desecularization to fundamentalism. While in Latin America Jesus and Marx work hand in hand, as it were, in the form of 'liberation theology', in eastern Europe the Catholic church has been a major factor in the retreat of Marxism as a theory of society and state. Christmas is now a big event in Moscow and Beijing just as it has always been in London and New York. The Lranian Revolution signalled in 1979 that religious authority could be used in unprecedented ways to restructure society through the capture of state power. Fundamentalist movements today stalk the world and they are very much a part of the South Asian scene. Although not all fundamentalist movements are exactly the same, they do share a family resemblance.

Promoting Indigenous Vegetables for Health, Food Security, and Income Generation in Africa

Madan L. Chadha,Mel O. Oluoch,Drissa Silue 한국원예학회 2006 한국원예학회 기타간행물 Vol.- No.-