(Chapter 3 and 4) and identify the gaps between company ’s practice and accounting standard (Chapter 5). At the end recommendations are made for a better-compliant report (Chapter 6). Requirements in accounting standards The disclosure of significant sources of estimation uncertainty and judgments in applying accounting policies should be disclosed separately in the financial reports. Not only the nature of estimates should be disclosed but also the sensitivity analysis to these estimates should
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Should College be Free What if college was free? There are so many people that want to go to college. But in this case‚ some people are not able to go because they can’t afford it. Even though some citizens get so much aid from the government‚ with all the stuff they give us. Free college is something we don’t need‚ because if we do get it then there would be alot of stuff that would get out of place “College scholarships are gifts of money that helps students pay for education‚ and there are so
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“ Should College Education Be Free” If Elementary‚ Middle School and High School are free‚ how come College isn’t? More than two-thirds of Americans think college should really be free just like it was a century ago (NBCNEWS.com). Now the cost of attending college is just too high‚ many students can’t afford it (NYTIMES.com). Students that didn’t have the chance to go to college said that college should be for everyone‚ because everyone has a dream or a goal.(ThinkAdvisor.com) It also would really
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invest their money they need to earn a rate of return that exceeds their cost of capital. We can estimate a company’s cost of capital in the following way: WACC = (rD)(1-T)(WD) + (rS)(WS) Go to one of the databases from Part 1 of the Course Project and look up the most recent 10-K for your company‚ paying special attention to the balance sheet and the footnotes. Although we should use market value weights when determining a firm’s cost of capital‚ this may be difficult to determine for
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Did you know that college can cost $30‚000 or more depending on the college? Students have to pay for tuition‚ dorms‚ meal plans‚ books‚ fees‚ and more. It’s clear that college should be free because college students pay too much money and college is essential for having a good career‚ broaden their skills‚ and students could focus more on their education instead of working all the time to pay. For example‚ the main reason why college should be free is because college is essential for building
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PRACTICES” IN ESTIMATING THE COST OF CAPITAL: AN UPDATE 15 “Best Practices” in Estimating the Cost of Capital: An Update W. Todd Brotherson‚ Kenneth M. Eades‚ Robert S. Harris‚ and Robert C. Higgins “Cost of capital is so critical to things we do‚ and CAPM has so many holes in it—and the books don’t tell you which numbers to use… so at the end of the day‚ you wonder a bit if you’ve got a solid number. Am I fooling myself with this Theories on cost of capital have been around for decades
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AACE International Recommended Practice No. 34R-05 BASIS OF ESTIMATE TCM Framework: 7.3 – Cost Estimating and Budgeting Acknowledgments: Todd Pickett‚ CCC (Author) Peter R. Bredehoeft‚ Jr. Ted A. Downen Larry R. Dysert‚ CCC Bruce G. Elliott‚ CCC John K. Hollmann‚ PE CCE Copyright 2010 AACE International‚ Inc. Stephen M. Jacobson CCC Carlton W. Karlik‚ PE Christopher L. Kinney Donald F. McDonald‚ Jr. PE CCE PSP Bernard A. Pietlock CCC Richard A. Selg‚ CCE AACE International Recommended Practices
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with “economic uses.” In addition‚ a high price for education would constitute another hurdle which must be overcome before “working class and minority students” can study. This criticism of tuition fees is annoying: on the one hand‚ it is unclear what the protesters actually have to complain about in the commodity character of goods and services if they find fault with it in education. Do they want to say that the exchange of commodities for money is okay if it takes place where it belongs‚ in the
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Foreign exchange rate risk Foreign exchange rate risk is the potential impact of adverse currency rate movements on earnings and economic value. This involves settlement risk which arises when a banking institution incurs financial loss due to foreign exchange positions taken in both the trading and banking books. Foreign exchange positions and subsequent risk arise from the following activities: ● trading in foreign currencies through spot‚ forward and option transactions as a market
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homework 7 Globalizing the Cost of Capital Budgeting at AES Chia yun ‚Tsai(Debbie) 2013/3/22 The reason why Rob Venerus used the cost of capital concept to improve upon what AES had used in the past for a discount rate is because the old model always used the same discount rate for the model. However‚ with electricity generating businesses around the world‚ the old model started to cause some problems. In the past‚ AES used the same cost of capital for all of its capital budgeting‚ but the company’s
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