Molyneux‚ P. (2009)‚ “Market Value‚ Book Value and Earnings: is Bank Efficiency a Missing Link?”‚ Managerial Finance‚ Vol. 35 No 2‚ pp. 156-179. Ali Samadi Kan‚(2008)‚Modern Operational Risk Management. Ang‚ J. and Clark‚ J. (1997)‚ “The Market Valuation of Bank shares with Implications for the Value Additively Principle”‚ Financial Markets‚ Institutions and Investments‚ Vol. 6‚ New York University Salmonn Center‚ pp. 1-22. Basel Committee on Bank Supervision (2001) „Operational Risk” www.bis.org Bejenaru
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Appendix A 2011 Financial Report Financial Review Pfizer Inc. and Subsidiary Companies INTRODUCTION Our Financial Review is provided to assist readers in understanding the results of operations‚ financial condition and cash flows of Pfizer Inc. (the Company). It should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements. The discussion in this Financial Review contains forward-looking statements that involve substantial risks and
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Introduction For this paper‚ I was asked to select a publicly traded company and find their financial statements. The company that I chose was McDonald’s. Once I chose McDonald’s I found their income statement and balance sheets for the years ending December 31‚ 2010 and 2009. From these financial statements‚ I then computed the liquidity‚ asset management and profitability ratios. I then compared McDonald’s to the industry ratios to see how they compared to their competition. Finally I will
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Interest/Sales * Sales/Assets * Assets/Equity * Earnings before interest/Net Income b) Net income*asset turnover*tax rate c) Return on Assets (ROA)*financial leverage d) Both a) and c) 2. Which of the following is true a) Return on Assets is influenced by financing activities b) ROE is not affected by financial structure c) Profit margin is a measure of asset efficiency d) None of the above 3. Assume that cost of goods sold for a company consists
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Financial Statements Paper There are for basic financial statements in accounting. Each one of these statements has their one nook within a company either negative or positive. The four are; the balance sheet‚ the income statement‚ the statement of retained earnings‚ and the statement of cash flows. I will discuss the how each is useful to both external and internal users. In the conclusion of this paper you will also understand the importance of each of these as well
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Auditing: A Journal of Practice & Theory Vol. 30‚ No. 2 May 2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show‚ somewhat
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STATEMENT OF PURPOSE “So many of our dreams seem impossible‚ then improbable‚ then inevitable”‚ Quotes the famous former film star‚ Christopher Reeve‚ bedridden with paralysis‚ giving hope and a new dimension to people in distress to look up to fulfil their dreams despite the many roadblocks in front of them. When one pursues the dreams relentlessly‚ the dreams do become inevitable and accessible. I have also taken inspiration from these brave words and feel one can achieve anything
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Case Study Three: Thanks for 24 Years of Service. Now Here’s the Door! Russ McDonald graduated from the university of Michigan with his MBA in 1969. He had numerous job offers but chose General Motors for several reasons. The automobile industry offered terrific career opportunities‚ and GM was the world’s number one car manufacturer. Salaries at GM were among the highest in corporate America‚ and a job at GM provided unparalleled security. A white-collar job with GM was the closest anybody
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What ’s your favorite financial statement and why?" The question was spoken quickly and with a tinge of annoyance‚ as my interviewer eyed me disdainfully from his cushy black leather chair. The investment banker had little time to conduct these ridiculously long interviews that are standard fare for analyst candidates. I shifted uncomfortably in my seat and scanned my frazzled brain for the "right" answer. "Well‚ of course all three financial statements should be studied in conjunction
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products‚ reliable and free naturopathic advisory service and many more reasons make them one of the most trusted names in the natural health industry in Australia. A company’s earning capability and financial position can be projected‚ compared and evaluated by analysing the important financial statements which is balance sheet and income
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