Microsoft’s Financial Reporting Strategy 1. What are the factors that likely explain the difference between Microsoft’s market value of equity and its reported book value of equity? One of the factors that explain the difference between Microsoft’s market value of equity and its reported book value of equity is the lack of effectiveness to record certain intangible assets such as stock of knowledge (i.e.‚ human capital) customer loyalty‚ and brand value. These former intangible assets mentioned
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ckChapter 11 – Reporting and Analyzing Stockholders’ Equity I. Characteristics of a Corporation (Publicly held (closely held)) * Separate legal existence; * Limited liability of stockholders; limited to investment * Transferable ownership rights; * Ability to acquire capital; * Continuous life; * Corporation management: Shareholders Shareholders * Voting rights * Profit sharing * Preemptive right * Residual claim Board of Directors
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Personal Boundaries People set up personal boundaries for many reasons. For some it is to keep out neighbors or animals‚ yet for others it is to keep something in‚ such as young children or a promiscuous wife with a wandering eye. In the poem by Robert Frost‚ both Robert and his neighbor have a wall made out of stone between their homes. Because the wall is made out of stone‚ it somehow breaks down and needs to be mended during the spring time. I believe that the wall is both physical and mental
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Boundary Issues BSHS/335 Boundary Issues There are positives and negatives to every situation. Dual relationships are one of these situations that have either good or bad outcomes. It depends on the people involved and their values and beliefs. The following will show cases of both positive and negative situations‚ which human service workers engage in dual relationships with their clients. Example 1: Tammy has cerebral palsy and been in a wheelchair most of her life. She has had only two
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Boundaries Essay I have been in church since I was younger. With my nana being a pastor‚ my mother a youth leader‚ and my father a deacon‚ at church‚ I have grown up with a strong religious background. Because I was brought up in such a religious based background‚ I have developed a mentality that many girls my age may not have. For example ‚Hebrews 13:4 – states that “Marriage should be honored by all‚ and the marriage bed kept pure‚ for God will judge the adulterer and all the sexually immoral
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Full Disclosure in Financial Reporting ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases * 1. The disclosure principle; type of disclosure. 2‚ 3‚ 4‚ 24 * 2. Role of notes that accompany financial statements. 1‚ 5‚ 6 1‚ 2 * 3. Subsequent events. 7 3 1‚ 2 1 5‚ 13 * 4. Segment reporting; diversified firms. 8‚ 9‚ 10‚ 11‚ 12 4‚ 5‚ 6‚7 3 2 6‚ 7‚ 8 * 5. Discussion and analysis. 13‚ 14 * 6. Interim reporting. 17‚ 18‚ 19‚ 20 * 7. Audit
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Microsoft’s Financial Reporting Strategy Q1. What are the factors that likely explain the equity and its reported book value of equity? Question 1 2 3 4 5 6 1999 Market Capitalisation: USD 460 Billion Book Value: USD 28 Billion MVE more than 16 times of BVE! Factor 1 Question 1 2 3 4 5 6 Intangible Assets • BVE does not reflect certain intangible assets’ value such as brand‚ customer loyalty‚ and human capital – Likely to provide tremendous earnings growth in the
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Executive MBA Financial Reporting Course Book 2012-13 ACC40380 Financial Reporting (Midweek Blackrock) ACC40390 Financial Reporting (Weekend Blackrock) ACC40400 Financial Reporting (City) Course Outline Aims of course In the current economic climate as the credibility and reliability of financial reporting comes under sustained scrutiny an appreciation and understanding of the financial reporting process has become increasingly
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[Online]. Available: http://www.hiit.fi/publications/pub_files/hiit20041.pdf [2] Grinter‚ R.E.‚ and M.A. Eldridge. y do tngers luv 2 txt msg? In Proceedings of the 7th European Conference on ComputerSupported Cooperative Work (ECSCW’01). Dordrecht‚ Netherlands: Kluwer Academic Publishers‚ 2001‚ pp. 219-38. [3] Froehlich‚ J.‚ M.Y. Chen‚ I.E. Smith‚ and F. Potter. Voting with your feet: An investigative study of the relationship between place visit behavior and performance. In Proceedings of the 8th International
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Group Case Study “Microsoft’s Financial Reporting Strategy” Microsoft’s Financial Reporting Strategy ABSTRACT 2 This case study examines the factors explaining the difference between Microsoft’s market value of equity to book value of equity and overall financial reporting strategies employed at the firm. We analyzed financial information dating from 1985 to 1999 and 2011 annual report provided by Microsoft. We found factors explaining market value of equity are perceived risk and future cash
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