Examining Non-Linear Relationships Between Human Resource Practices and Manufacturing Performance

TECHNOLOGY AND CAPITAL IN THE AGE OF LEAN PRODUCTION: A MARXIAN CRITIQUE OF THE "NEW ECONOMY" Page

SMITH, T. (2000). Technology and capital in the age of lean production: a Marxian critique of the "New Economy". Albany, State Univ. of New York Press.

'Examining non-linear relationships between human resource practices and manufacturing performance' File

Chadwick, C 2007, 'Examining non-linear relationships between human resource practices and manufacturing performance' , Industrial & Labor Relations Review, vol. 60, p. 499.

Under the conceptual framework, income would be regarded as ‘probable’ if the probability that the inflow or other enhancement or saving in outflows of economic benefits having occurred is more likely rather than less likely. There are reasons, however, for believing that many accountants would regard a probability of 0.5 as too low. For many years, it has been the conventional practice to delay the recognition of revenues until the inflow of resources is beyond any reasonable doubt. As a general rule, revenues are not recognised until there is a sale which creates a legally enforceable claim to the proceeds of the sale. If, after a sale, there is any doubt that the proceeds will be received, then the revenues are still recognised but an appropriate allowance for doubtful debts is raised. With this conventional practice, the probability is much higher than 0.5 before revenues are recognised.

If the 0.5 probability criterion is applied to revenues, accounting practice is likely to be changed with revenues being recognised earlier in the operating cycle than is presently the case.