Fair value in financial reporting: problems and pitfalls in practice – a case study analysis of the use of fair valuation at Enron David Gwilliam∗ and Richard H G Jackson School of Business and Economics‚ University of Exeter‚ Streatham Court‚ Rennes Drive‚ Exeter EX4 4PU‚ UK This paper has been accepted for publication in Accounting Forum ____________________________________________________________ ____________ Abstract This paper contributes to the debate on the use of mark to market
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Concepts of business valuation – Critical review of the Discounted Cash Flow (DCF) analysis and its applicability in today’s business world SEMINAR PAPER Table of contents page 1. Introduction...............................................................................................................3 1.1 1.2 2. The importance of business valuation ..................................................................3 Key indicators covered in this seminar paper .............................
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Multiple Choice Questions 1. The stated interest payment‚ in dollars‚ made on a bond each period is called the bond’s: A. coupon. 2. The principal amount of a bond that is repaid at the end of the term is called the: B. face value. 3. The specified date on which the principal amount of a bond is repaid is called the: C. maturity. 4. The rate of return required by investors in the market for owning a bond is called the: D. yield to maturity. 5. The annual coupon divided by the face
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Why is IFRS so strong in using Fair Value instead of Historical Cost for its valuations of Property‚ Plant and Equipment? IFRS defines Fair value as the amount for which an asset could be exchanged or a liability settled between knowledgeable willing parties in an arms length transaction. Whereas Historical cost ignores the amount the asset could be sold for in the open market‚ called fair value‚ until the asset is actually sold. For Historical Cost the company carries the asset on the balance
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CHAPTER 1 OVERVIEW OF FINANCIAL REPORTING‚ FINANCIAL STATEMENT ANALYSIS‚ AND VALUATION Solutions to Questions‚ Exercises‚ and Problems‚ and Teaching Notes to Cases 1. Value Chain Analysis Applied to the Timber and Timber Products Industry. Exhibit 1.A below contains a depiction of the value chain. The links in the value chain are as follows: 1. Timber Tracts: Plant and maintain timber tracts (Weyerhaeuser) 2. Logging: Harvests timber (Weyerhaeuser) a. Sawmills:
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Stores‚ Macy ’s‚ Inc.‚ is one of the largest department store operators in the United States. Its stores‚ under the Macy ’s and Bloomingdale ’s names‚ are generally located in large shopping malls and offer men ’s and women ’s clothing‚ accessories‚ home furnishings‚ and other consumer goods. At the end of 2007‚ the company was operating 866 Macy ’s and Bloomingdale ’s stores in 45 states‚ the District of Columbia‚ Guam‚ and Puerto Rico. In a time when most stores routinely sold on credit‚ Macy was unique
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WEEK #3 ASSIGNMENT MACY ’S INC. Name: Wendy Sattall Class: Bus 235 Professor: Donna Manley
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it out but she couldn’t put her finger on it. Macy looked at her husband in worry. It seemed like something was wrong‚ but she would ask him when the time was right. Macy is 35 years old with two adorable kids. The oldest‚ Naveah‚ is eight years old. The youngest‚ Brian‚ is five; However‚ the man Macy is married to is not their biological father. The biological father of the two kids cheated on Macy with another woman and later filed for divorce. Macy had went through a slight depression‚ but then
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when it ended. This book is about an average girl named Macy who lives with her mom. Her dad died and Macy‚ her mom‚ and her sister never really healthfully grieved about it. Macy has isolated herself from her friends and has devoted all her time to what she thought was her perfect boyfriend‚ Jason. Jason was very smart‚ organized‚ and nearly perfect. When her boyfriend leaves for camp and eventually puts their relationship on hold‚ Macy finds time for something new. She takes a part time job
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With the world population increasing at a high rate‚ American firms have numerous opportunities in conducting business abroad especially in the developing nations. Macy`s is one of the American firms that need to take advantage of this opportunity in expanding their business abroad. Macy`s has been growing its influence in the American market over time and has created a wide customer base‚ which puts it in a better position to conduct business abroad. In order to be successful in conducting its business
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