Chapter 1 Preliminary concepts Concepts Overview The important concepts discussed in Chapter 1 were: 1.1 The main objective underlying corporate financial decisions is to maximise the value of the company‚ which in turn maximises shareholder wealth. This involves the optimal use of scarce resources. Fisher’s Separation theorem formally links the concepts covered in the chapter to provide a single decision rule for a firm’s investment decisions. This decision rule is that management’s role
Premium Net present value Investment Corporate finance
where coral‚ fish and molluscs abound. According to Conservation International‚ marine surveys suggest that the marine life diversity in the Raja Ampat area is the highest recorded on Earth. Southeast Asia was a critical part of the world trading system. Tourism has been a key factor in economic development for many Southeast Asian countries‚ especially Cambodia. According to UNESCO‚ “tourism‚ if correctly conceived‚ can be a tremendous development tool and an effective means of preserving the cultural
Premium Economic growth Japan Gross domestic product
PREFACE This Accounting Information Systems I Module Assignment has been prepared to fulfill the requirements of the subject. This module assignment is to prepare a comprehensive written analysis that requires us to apply one of the transaction cycle in accounting information system process to the particular organization. Accounting Information Systems (AIS) is a system that collects‚ records‚ stores‚ and processes data to produce information for decision maker. Knowledge of AIS is very useful
Premium Accounting software Invoice Accounts receivable
variety of understandings of female sexual development‚ many of which modified the timing and normality of several of Freud’s theories. Key concepts: According to the psychoanalytic view‚ the personality consists of three systems: Id‚ Ego‚ and Super Ego. The id is the original system of personality. It begins at birth. The id lacks organization is blind‚ demanding‚ and insistent. It is ruled by the pleasure principle‚ which is aimed to reduce tension and reduce pain‚ and gaining pleasure. The id is
Premium Psychoanalysis Sigmund Freud Defence mechanism
Economy Overview In the Australian economy there has been a continuous growth and features a low unemployment‚ contained inflation‚ very low public debt‚ and a strong and stable financial system. Australia had experienced more than 20 years of continued economic growth‚ averaging 3.5% a year. Australia was comparatively unaffected by the global financial crisis‚ Australia has benefited from a dramatic surge in its terms of trading in recent years. Australia has the best exporter of natural resources
Free Economics Investment Economic growth
Software Requirements Specification 1. Introduction 1.1 Purpose This document is a definition of software requirements to develop an automated night class enrolment system and flexible query database required by St.John’s Central College. This document will present the functional‚ non-functional‚ and design constraint requirements for the system to be developed. Use case models and descriptions are included along with class diagrams to help model and specify the functional requirements and specifications
Premium Requirements analysis Software requirements
Aeropostale Inc. Company Analysis: Overview‚ History and Current Structure Davenport University Aeropostale Inc. Company Analysis: Overview‚ History and Current Structure Aeropostale Incorporated is a “mall-based” retail store chain that caters to 14 to 17 year old young women and men who are interested in “casual apparel and accessories (Aeropostale Inc. Corporate‚ n.d.). According to Aeropostale website‚ a Privacy Policy
Premium Airline Southwest Airlines Low-cost carrier
A. It is extremely important to ensure that the auditing profession meets its responsibilities to its clients. While working for a company to audit their financial information‚ they are also at the same time working for the public and regulators who rely on externals auditors to prove credibility to the financial information that companies release (Cooper‚ Coram‚ Richardson‚ & Leung‚ 2009). To assist in quality assurance‚ the profession‚ and government have developed multilevel framework which is
Premium Audit Financial audit Management
OVERVIEW OF IKEA I. HISTORY Ingvar Kamprad: The founder of IKEA‚ Ingvar Kamprad‚ began his business career as a young boy selling matches purchased in bulk individually for a profit to his neighbors near Agunnaryd. As his business grew‚ he expanded to selling fish‚ seeds‚ Christmas decorations and eventually‚ pencils and ball-point pens which were a new phenomenon in 1935. He was very clever in utilizing his resources - he delivered his goods by bicycle‚ and later used the local milk delivery
Premium IKEA Ingvar Kamprad
OVERVIEW OF BROAD BAND Definition of Broad Band Broadband is often called high-speed Internet‚ because it usually has a high rate of data transmission. In general‚ any connection to the customer of 256 kbit/s or more is considered broadband. HOW IS BROADBAND DIFFERENT FROM DIAL-UP SERVICE? Broadband service provides higher speed of data transmission—Allows more content to be carried through the transmission “pipeline.” Broadband provides access to the highest quality Internet services—streaming
Premium Broadband Internet access Broadband Internet