Financial Analysis & Management Assignments 1. Discuss the extent to which the legal and professional regulatory framework of accounting ensures that corporate reports provide reliable‚ relevant‚ objective‚ and comparable information to users. 2. Critically evaluate the importance of discounted cash flow techniques in investment decisions. Illustrate your answer with your examples. 3. Discuss the relative importance profitability and liquidity for the survival of a business and explain how the
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been amended by: MFRS 9 Financial Instruments* (IFRS 9 Financial Instruments issued by IASB in November 2009) MFRS 9 Financial Instruments* (IFRS 9 Financial Instruments issued by IASB in October 2010) MFRS 10 Consolidated Financial Statements* MFRS 12 Disclosure of Interests in Other Entities* MFRS 13 Fair Value Measurement* MFRS 119 Employee Benefits* (IAS 19 Employee Benefits as amended by IASB in June 2011) Presentation of Items of Other Comprehensive Income (Amendments to MFRS 101)†
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Financial Reporting under IFRS and US GAAP | | | University of Economics in Prague | | | Financial Reporting under IFRS and US GAAP | Property‚ Plant and Equipment Content Introduction - The companies 2 Specific Questions 5 Sources 19 Introduction - The companies AUTOMOTIVE INDUSTRY GENERAL MOTORS as representative of U.S. GAAP General Motors from the U.S. Detroit is‚ together with Toyota‚ the largest car manufacturer in the world. The company was established in 1908
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REGULATORY COMPETITION AND INTERNATIONAL HARMONISATION Konstantine Gatsios* and Peter Holmes** * Athens University of Economics and Business‚ 76 Patission St‚ Athens 104-34‚ Greece; and CEPR. ** School of European Studies‚ University of Sussex‚ Brighton‚ BN1 9QN‚ UK. Tel : (01273) 678832‚ email p.holmes@sussex.ac.uk Abstract In recent years more attention has been paid to the extent to which various form of domestic regulatory policies could‚ deliberately or inadvertently‚ constitute
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represent one of the prevalent accounting rule changes for public companies based in the U.S. Among other issues‚ it would likely dislodge the Financial Accounting Standards Board‚ or FASB‚ as the U.S.’s chief accounting authority‚ incorporating it under the London-based International Accounting Standards Board (IASB). Many ask why the companies in the U.S. would want to switch over to IFRS. First we need to know the difference between the two approaches. The main difference between the GAAP and
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DRAFT GLOBALISATION‚ TRADE LIBERALISATION AND THE CSME Patrick Kendall Economist Economics Department‚ CDB January 2008 “The people of the Caribbean today face a set of challenges of a complexity and magnitude that are unprecedented in the history of the Caribbean and which demand from us as governments and people the most carefully thought out‚ timely and effective responses. It concerns the workings of globalisation and our response to them.”1 “All of these forces and tendencies taken together
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liabilities. Under fair value accounting‚ companies report losses when the fair values of their assets decrease or liabilities increase. Those losses reduce companies’ reported equity and may also reduce companies’ reported net income. September 2006: (FASB) issued an important and controversial new standard‚ Statement of Financial Accounting Standards No. 157‚ Fair Value Measurements (FAS 157). * more comprehensive guidance to assist companies in estimating fair values * guidance has been tested
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Standards Board (AASB) is implementing the Financial Reporting Council’s policy of adopting the Standards of the International Accounting Standards Board (IASB) for application to reporting periods beginning on or after 1 January 2005. The AASB is replacing relevant existing AASB Standards with Australian Standards equivalent to those of the IASB. Consequently‚ the parts of the existing Australian conceptual framework (SAC 3 Qualitative Characteristics of Financial Information and SAC 4 Definition
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13-113-2 FINANCIAL ANALYSIS: THE BIG PICTURE Accounting‚ Fourth Edition 1313-3 1. Understand the concept of sustainable income. 2. Indicate how irregular items are presented. 3. Explain the concept of comprehensive income. 4. Describe and apply horizontal analysis. 5. Describe and apply vertical analysis. 6. Identify and compute ratios used in analyzing a company’s liquidity‚ solvency‚ and profitability. 7. Understand the concept of quality of earnings. Study Objectives13-4 Sustainable
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And Wagenhofer‚ ALFRED‚ 2006‚ Principles- Versus Rules-Based Accounting Standards: The FASB‟s Standard Setting Strategy‚ ABACUS‚ Vol. 42‚ No. 2‚ 2006. Bradshaw‚ Mark T. & Miller‚ Gregory S.‚ 2002‚ Are Detailed Accounting Standards Sufficient to Ensure Compliance? Evidence from Non-U.S George J. Benston‚ Michael Bromwich And Alfred Wagenhofer‚ 2006‚ Principles - Versus Rules-Based Accounting Standards: The FASB‟s Standard Setting Strategy‚ ABACUS‚ Vol. 42‚ No. 2‚ 2006. IIIE‟s Blueprint of Islamic
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