Accounting Systems Will Need Changes To Meet Global Performance Standards

PERFORMANCE MEASUREMENT

NEW YORK--It's possible that some publishers of portfolio accounting software have yet to modify their systems to meet monthly accounting cycles as opposed to the quarterly cycles that had been standard not long ago. But they won't be able to put off making such upgrades much longer, not with the recent adoption of the Global Investment Performance Standards from the Association for Investment Management Research.

At least that was the message of an address given by John Simpson, director of