Questions Instructor: Professor Edward H. Chow 周行一 Case study: financial bubble Case: Trouble with a bubble (9-808-067) 1. Why did Irving Fisher believe that stock prices had reached a permanently high plateau? 2. Why did the stock market crash in 1929? 3. Why did influential individuals like Fisher‚ Keynes and Rockefeller believe that the downturn would only be temporary? Case study: investment banking business and global financial crisis Case: Investment banking in 2008 (A): Rise and fall
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Financial Reporting Accurate financial reporting is paramount to the establishment of a level playing field for businesses. It also aids in analyzing trends in business and the economy. The first part of the research paper should outline the different offices and bureaus of financial reporting and why they are significant. The second part of the research paper will present some positive and negative examples of financial reporting results and offer analysis about them. These examples can incorporate
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Everything Happens for a Reason I don’t believe in luck. I don’t believe things happen by a coincidence. I believe that everything that happens has an explanation behind it. Life is a complicated thing and it has challenges throughout it‚ but if life didn’t have these challenges‚ what would be the point? Life would be meaningless. Certain obstacles that occur in my life not only helps me learn and have a better understanding from it‚ but it gives my life meaning. Starting college was a “wakeup
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Former U.S. Vice President Al Gore’s The Assault on Reason is a passionate‚ scathing book that paints a clear picture of where America has gone wrong. Our democracy is far from dead‚ but as events of recent years have shown‚ it is ill – perhaps gravely so. The appalling levels of ignorance of basic scientific and political facts among the voting public; our heedless and disastrous rush into war with Iraq; a political class that considers voter consent something to be bought and sold; a shallow‚ sensationalist
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| | | | | | | | | | | | | | | |Learner name | | | | | | | | | | | | | | | | | | |Course title |Financial Systems and Auditing | | | | | | | | | | | | | | | |Assessor name |XIAOLIN WANG | | | | | | | | | | | | | | | | | |IV name |Hu Dalong | | | | | | | | | | | | | | | | | |Unit number and title |Unit11: Financial Systems and Auditing | | | | | | | | | | | | | | | |Assignment title |Financial Systems and Auditing Assignment 1 | | | | | | | | | | | | | | | |Outcome number(s) |11. 1 & 11.2
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FINANCIAL STATEMENTS Accrual-based approach – revenues are recorded at the point of sale and costs when they are incurred‚ not necessarily when a firm receives or pays out cash Cash flow approach – used by financial professionals to focus attention on current and prospective inflows and outflows of cash 1. Balance sheet a. Assets Cash and Cash Equivalents Marketable securities Accounts receivable Inventories Net property‚ plant and equipment Intangible assets b. Liabilities Accounts
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THE PHILIPPINE FINANCIAL SYSTEM 2.1 Basic Building Blocks of a Financial System Financial System is the system that allows the transfer of money between savers (and investors). It can operate on a global‚ regional or firm specific level. Gurusamy‚ writing in Financial Services and Systems has described it as comprising "a set of complex and closely interconnected financial institutions‚ markets‚ instruments‚ services‚ practices‚ and transactions”. Basic building Blocks of Financial System 1. Money
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Abstract Financial Innovation has been the backbone of our modern financial system. It has revolutionised the way we spend‚ receive and borrow money‚ however through the recent global financial crisis and negative connotations that have been attached to the term‚ people have doubted the positive notions it has had. It is important to distinguish between innovation itself and how it can be used or misused. Recent Financial Innovation has thwarted real economic growth and has been the blame for the
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not changed the work that accountants do. C. Has closely linked accounting with consulting‚ planning‚ and other financial services. D. In accounting has replaced the need for decision makers. E. In accounting is only available to large corporations. 3. The primary objective of financial accounting is: A. To serve the decision-making needs of internal users. B. To provide financial statements to help external users analyze an organization ’s activities. C. To monitor and control company activities
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FINANCIAL RATIOS Financial ratios are indicators of a company’s performance as discernable from the company’s Balance Sheet and income Statement. We will discuss some of the simple ratios of a company and talk about their significance. Liquidity Ratios: Show the company’s ability to pay of its current liabilities from its current assets. 1. Current Ratio Current assets should be significantly higher than current liabilities so that the current ratio is higher than 2:1. 2. Quick Ratio
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