investment objectives and different target investors. This has complicate investment process‚ making it very important for investors to understand the nuances of building a good mutual fund portfolio. Portfolio construction of a mutual fund: The broader points to keep in mind‚ when constructing a portfolio‚ are the financial goals to be achieved and the targeted duration till their achievement. Both these aspects affect the selection of an investment instrument‚ the amount of money allocated to
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CHAPTER 3 INTERNATIONAL CONVERGENCE OF FINANCIAL REPORTING Answers to Questions 1. The ultimate goal of both harmonization and convergence is to achieve international comparability in financial reporting‚ and both are processes that take place over time. However‚ while harmonization refers to the reduction of alternative accounting practices in different countries‚ convergence refers to the process of developing a set of high quality financial reporting standards for use internationally (the process
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days 5/3/13 17 Years Later I am currently 18 years of age‚ the age that most youth look forward to and believe it will be the best thing in the world to be considered an “adult.” Considering that most teens like to live in the “right here‚ right now” moment‚ little do they realize 18 does not mean much‚ there is an entire future for them to think about. 18 is just a reminder that‚ as much as we may not want to‚ we are getting older meaning its time to start planning our futures. In 17 years I will
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“States are at this moment of history‚ Still at the heart of the International Legal System.” ….Higgins The concept of Statehood can be traced back to the 15th-16TH Century in Europe where a system of Centralized Rule succeeded in subordinating all other institutions band groups‚ temporal and spiritual. The modern notion of Statehood was formalized at the peace of Westphalia(1648)________________. States were
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Portfolio Performance: Naïve vs. Optimized Using historical return data from January 1994 to August 2009‚ we calculated the performance of a portfolio of securities employing two models: naïve diversification‚ and optimized diversification. The portfolio consisted of 11 carefully selected and diverse domestic and international securities (see exhibit 1)‚ and we assumed no change in the allocations throughout the entire period measured for both the naïve and optimized models. Each model generated
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similar assets or liabilities are recognized by the lessee when the lease is classified as an operating lease. The lessee recognizes lease payments under an operating lease as an expense‚ normally on a straight-line basis over the lease term. Under IAS 17 Leases lessors are required to classify leases as finance leases or operating leases. Finance leases are defined as leases that transfer substantially all the risks and rewards incidental to ownership. All other leases are operating leases. If the
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Chapter 17 Auditors’ Reports True / False Questions 1. Audit reports should be dated the date on which the financial statements are issued. True False 2. When the auditors are unable to comply with generally accepted auditing standards‚ they should issue an opinion that is unqualified‚ but include an additional explanatory paragraph in the report. True False 3. When evaluating the results of audit tests‚ materiality depends upon both the dollar amount and the nature
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NHL 17 wishlist is the a list of things that player would like to have when playing matches. They are: Imрrоvеment in NHL 17 Stаdium: Evеrуоnе loves the diѕtinсt group аrеnаѕ thаt NHL has сrеаtеd. Thеу hаvе rеаllу dеѕignеd thеm with uѕе оf роtеntiаl tаlеnt аnd remarkable creativity. Whеthеr it is аnу other unique arena‚ a majority of these diѕрlау the uniԛuе wауѕ of celebrations аnd еntеrtаinmеnt; however thе regular аrеnа iѕ missing from ѕuсh sort оf leisure. They may be dеѕignеd with mоrе scoreboard
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For Your Immediate Action: Potential problems we might face in moving into the Mexican market: 1) Mexican culture has many differences when comparing it to other cultures‚ such as the American culture. First of all‚ the US tends to place business contacts above personal relationships and the communication skills vary widely between the two cultures. Therefore‚ when moving into the Mexican market friendships between businesspeople need to be formed in order to be more successful in doing business
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Literary Pieces In this lesson I learned so many things about Literature. Literature is a term used to describe written or spoken material. In broadly speaking‚ “ Literature” is used to describe anything from creative writing to more technical or scientific works‚ but the term is most commonly used to refer to works of the creative imagination‚ including works of poetry‚ drama‚ fiction‚ and nonfiction. In simple words Lieterature is an art of written words. Litera means Letter ( alphabet a-z‚ word-sentence-paragraph)
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