Tutor: Juanna Schrøter Joensen Examinator: Örjan Sjöberg The Employment Effect of an Increase in the Swedish Minimum Wage An empirical study of the 2005 wage agreement between SKL and Kommunal Mikolaj Gruszczynski♣ Paula Roth♦ Bachelor’s Thesis‚ Stockholm School of Economics‚ Department of Economics June 16‚ 2010 Abstract This thesis investigates the relationship between a minimum wage increase and change in employment for municipality workers in Sweden between 2003 and 2007. The
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contribution plan consist of the employer’s promise to contribute a certain amount into the plan every pay period (Schroeder‚ Clark‚ & Cathey‚ 2005). For example‚ the company will contribute say 3% of each employee’s salary per pay period that has been employed over a year. This contribution would be the only expense regarding this pension plan for each pay period (Schroeder‚ Clark‚ & Cathey‚ 2005). Defined benefit plans require future amounts to be received will be paid according to the terms of the plan
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fund. However‚ there would be no promise as to the ultimate benefits that would be paid into the funds because the retirement benefits are determined by the returned earned on the contributions to the funds during the investment period (Schroeder‚ Clark‚ & Cathey‚ 2005‚ p. 445). DCP is recorded on the financial statements as a pension expense‚ it is a straightforward transaction and it carries no risk for the employer because all the risks go to the employee. Defined Benefit Plan (DBP) Defined
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States Generally Accepted Accounting Principles ( U.S. GAAP) and the International Financial Reporting Standards (IFRS) (Schroeder‚ Clark‚ & Cathey‚ 2005). U. S. GAAP are the laws of accounting in the United States. They govern how accountants measure‚ process‚ and communicate financial information about companies to the majority of Americans (Horngren‚ Harrison‚ Jr.‚ & Bamber‚ 2005). Similarly‚ IFRS are principles‚ standards‚ interpretations‚ and the framework adopted by the IASB‚ stating how particular
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theory rationale for making no distinction between debt and equity. The entity theory was among the first new theories of ownership. (Schroeder‚ Clark‚ & Cathey‚ 2009‚ page 499). It depicts the accounting equation as assets equals equity (Schroeder‚ Clark‚ & Cathey‚ 2009‚ page 363). It makes no distinction between debt and equity (Schroeder‚ Clark‚ & Cathey‚ 2009‚ page 500). Entity theorist believe that companies’ accounting should be prepared from the accounting entity’s view instead of in
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lease payments will be greater than 90 percent of the fair market value of the asset at the beginning of the lease. The lessee will pay the full amount of the asset to the lessor without dependency on the residual value of the asset (Schroeder‚ Clark‚ & Cathey‚ 2005). In the case of an operating lease this is simply a rental agreement and should be accounted for in the same manner as any other lease. Rent payments are to be charged as an expense as they will be payable over the life of the lease
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EVALUATION OF THE BUSINESS AND FINANCIAL PERFORMANCE OF GUARANTY TRUST BANK Plc (GT BANK) FROM 1ST MARCH 2005 TO 29TH FEBRUARY 2008. The banking landscape in Nigeria has changed tremendously since the Central Bank of Nigeria (CBN) compelled banks to raise their capital base to a minimum of N25 billion in July 2004. The re-capitalisation and consolidation exercise took effect on the 31st of December 2005. 1.1.1 THE CONTEXT OF THE TOPIC The banking industry in Nigeria has witnessed a very rough
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Hurtt‚ D. N.‚ Kreuze‚ J. G.‚ & Langsam‚ S. A. (2007‚ July). Displaying the funding status of postretirement plans. The CPA Journal‚ 707(0)‚ 34. Retrieved from http://www.nysscpa.org/printversions/cpaj/2007/707/p34.html Schroeder‚ R. G.‚ Clark‚ M. W.‚ & Cathey‚ J. M. (2005). Financial Accounting Theory and Analysis (8th ed.). Hoboken‚ NJ: John Wiley & Sons. Security and exchange commission. (n.d.). Security and exchange. Retrieved from http://www.sec.gov/rules/final/33-7620.txt Shaw‚ K.
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The following paper will talk about the income statement and what the income statement tells about the company including why this statement is important and what business decisions can be made using the income statement. Also‚ the paper will talk about the balance sheet and what the balance sheet tells about the company. Also‚ the reason the balance sheet is important and what business decisions can be will be covered. Lastly‚ it will talk about the statement of cash flows and what it tells about
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based on accounting income‚ which does not depict an accurate picture of a company’s financial position. To assess a company’s reported earnings financial statements users should assess the company’s quality of earnings. According to Schroeder‚ Clark‚ and Cathey (2009) quality of earnings is “the degree of correlation between a company’s accounting and its economic income” (p. 158). Accounting income “has been traditionally based on a set of rules and regulations utilizing an historical cost approach”
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