people residing in UK and other parts of Western Europe‚ that we experience very unpredictable seasons and weather‚ throughout the year. But‚ what’s circulating in air among people of UK is about the miserable “Wet Summers”; that we have face. It was very depressing to our climate and weather prediction agencies for being incapable of predicting accurate weather ahead”‚ said lead author of the study‚ Richard Hall. Fortunately‚ our scientists and researchers working at Sheffield University in collaboration
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History of Derivatives: A Few Milestones EFTA Seminar on Regulation of Derivatives Markets‚ Zurich‚ 3 May 2012 Steve Kummer (research and redaction) and Christian Pauletto (concept and speech delivery) Policy and Trade in Services Division State Secretariat for Economic Affairs SECO Federal Department of Economic Affairs FDEA Introduction This presentation contains a selection of records and events that constitute a part of the history of derivatives. It relates how derivatives date back
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Why study weather and climate: Influences our daily activities Influences agriculture‚ energy use‚ weather resources‚ transportation‚ and industry Understand and predict severe weather Understand‚ predict‚ and mitigate long term changes Hurricane Irene: one of the top 10 hurricanes since 1980. Definitions: Meteorology: The scientific study of the atmosphere * Weather: Climate: Long term trend (average‚ high and low extremes)‚ temperature‚ wind‚ humidity‚ rainfall‚ etc. Basic components:
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The Enron Scandal One of the most popular business bankruptcies and collapses known to date is that of the Enron Corporation. Enron‚ once known as "America ’s Most Innovative Company" by Fortune Magazine six straight years from 1996 to 2001. Enron seemed to be doing very well until the summer of 2001 generating a lot of cash and new businesses‚ but in October of 2001 Enron was forced to disclose that their accounting practices had been very creative‚ and failed to follow generally accepted accounting
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(2010) © EuroJournals Publishing‚ Inc. 2010 http://www.eurojournals.com/finance.htm Development of Financial Derivatives Market in India- A Case Study Ashutosh Vashishtha Faculty College of Management‚ Shri Mata Vaishno Devi University (SMVDU) Katra. (J&K) India E-mail: ashutosh.vashistha@gmail.com Tel: +91-941-9216301 Satish Kumar Research Fellow‚ Department of Management Studies Indian Institute of Technology Roorkee‚ India E-mail: satisddm@iitr.ernet.in Tel: +91-925-8010496 Abstract
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Case 1.1 - Enron Corporation ------------------------------------------------- Discussion 1 The parties we believe to be most at fault for the crisis in this case are a) the Audit Firm engaged in the Enron audit (Arthur Andersen); b) Enron Management (Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow; and c) the SEC. The Public Accounting Firm: Arthur Andersen The auditor has the responsibility to evaluate the risk of material fraud‚ including: * Incentives and motives for fraud : Enron was a fast
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Stock futures Stock futures are agreement to buy or sell a specified stock i.e. Equity share of a specified company in the future at a specified price. An investor who is interested in purchasing a share may buy the share in stock exchanges for cash. These agreements are transacted through future exchange with the help of brokers. The terms of the agreement are specified and standardized by the exchange to facilitate funding. A stock future contract may be settled on the prescribed delivery date
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Arthur Anderson & Co. was also to blame as they were the accountants for Enron. They were the ones with the expertise who should have known better and looked to fully explain and disclose what they knew. Anderson’s commitment is to the shareholders‚ not to their client and they needed to act in a way and present the statements fairly so that a user could make an informed decision and that the statements presented fairly. Enron is also to blame. They were focused on profits – which is not necessarily
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Research Proposal Impact of Financial Derivatives Usage on Corporate Market Value: Evidence from Non-Financial Firms in China 1. Introduction Use of financial derivatives for hedging corporate risks purpose is becoming popular during the last two decades. International Swaps and Derivatives Association (ISDA) reports the notional amount outstanding of over the counter (OTC) derivatives increased by 25.6% from $511.1 trillion to $642.1 trillion over the five-year period ending December 31‚ 2012
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Weather Unit-Mid Unit Test Study Sheet 1. What are the four elements of weather? The four elements of Weather are Wind‚ Temperature‚ Moisture and Air Pressure. 2. What are the three states of water? The three states of water are solid‚ liquid and Gas. 3. Explain the differences between solid‚ liquid‚ gas- how much energy is being used? What are the particles doing? The difference between solid‚ liquid and gas is Solid has low energy and is cold‚ liquid is medium energy and is warm and gas has
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