2083 International Mergers and Acquisitions The Case of Lufthansa and Austrian Airlines Briefing Paper Author: Ines Haitzinger‚ 0753017 Supervision: Dr. Christian Herbst‚ LLM and Dr. Sascha Hödl‚ LMM Date: April 30‚ 2011 11. INTRODUCTION: BRIEF BACKGROUND INFORMATION ON LH AND AUA The Lufthansa Group‚ which is led by its parent company Deutsche Lufthansa AG‚ is a listed company that has more than 400 subsidiaries and affiliates. Approximately 108.200 people work for the Lufthansa Group‚ which
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No. 2014-17 November 2014 Business Combinations (Topic 805) Pushdown Accounting a consensus of the FASB Emerging Issues Task Force An Amendment of the FASB Accounting Standards Codification® The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. An Accounting Standards Update is not authoritative; rather‚ it is a document that communicates how the Accounting Standards
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Use strategic thinking to outline a recommended alternative for Franklin Raines to use in deciding the strategic direction of Fannie Mae. It is 1998 and you are about to take over as CEO of Fannie Mae. Use the two cases on Fannie Mae in the Course Documents (Fannie Mae A and Fannie Mae B abbreviated) for background on Fannie Mae. Exactly how should Franklin Raines proceeded in terms of strategy development what subsequent implementation steps should he have adopted. The Strategic Audit process should
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risk and lower the financial cost of investment. Shared-Based Payment A share based payment is a transaction in which a company obtains or receives goods or services as consideration for equity or by acquiring liabilities for amounts based on the price of the company’s shares or other equity instruments of the entity. The accounting requirements for the share-based payment depend on how the transaction will be settled; by the issuance of equity or cash. Examples of items included in the scope of
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securitization are rarely consolidated by their sponsors or transferors based on the consolidation rule of ARB 51. Answer the following: (a) Discuss the consolidation guidance under ARB 51. Under ARB 51‚ consolidated financial statements are usually necessary for a fair presentation when one of the companies in the group directly or indirectly has a controlling interest in the other companies. ARB 51 stated consolidation guidance as “usual condition for a controlling financial interest is ownership of
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realigns accounting activities to a consulting role rather than a transaction role. Lean manufacturing creates a mandate to challenge traditional cost accounting. Lean accounting is the natural result‚ and Jean Cunningham Consulting provides a proven alternative to traditional cost accounting. When the finance department adopts lean principles‚ it provides a stage that enables the accounting team to move from a transaction focus to a new high visibility role of consulting within other areas
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SECTIONAL AND SELF BALANCING SYSTEM Introduction: After the transactions‚ being recorded in the journal‚ are classified in the ledger. A small enterprise normally has less number of accounts are therefore can maintain all the accounts in one ledger alone. However‚ in case of a big enterprise‚ the number of accounts are large and‚ therefore‚ it becomes inconvenient to maintain all accounts into one ledger alone. Hence in such a condition the ledger is sub-divided into the following three ledgers:
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Restricted Access (confidentiality) This is related to application controls OTCGRAD Operating Risk‚ transaction risk‚ control risk‚ growth risk‚ regulation risk‚ accounting risk‚ distress risk‚ (types of risk to look for during RAP) ERM Enterprise Risk Management FOC Financial‚ operational‚ and compliance objectives. CRIME must take into account all three. SDLC System Development Life Cycle TLC Transaction Life Cycle Overview of Integrated Audit An audit starts with the acceptance of a client
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CGA-CANADA FINANCIAL ACCOUNTING 4 EXAMINATION December 2005 Marks Time: 4 Hours Notes: 1. 2. 3. 4. 5. 6. 7. 30 All calculations must be shown in an orderly manner to obtain part marks. Round all calculations to the nearest dollar. Narratives for journal entries are not required unless specifically requested. Assume a December 31 fiscal year-end unless specifically stated otherwise. Assume all amounts are material unless directed otherwise. Assume all companies are public
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Javad Khalilzadeh-Shirazi and Roberto Zagha Achievements and the Agenda Ahead Until recently‚ India was known for a highly regulated‚ closed economy that discouraged foreign investment. However‚ in June 1991 in the midst ofa serious economic crisis‚ a new government began to reform India’s economy. If fully implemented‚ the reform program could make Indians economy one of the worlds most dynamic‚ and considerably reduce the incidence of poverty‚ Shirazi and Zagha describe the crisis of 1991‚ review
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