Managing Assets and Liabilities: Strategies for Insurance Companies October 2008 Financial Services Commission of Jamaica Insurance Seminar - October 30‚ 2008 Michael Hafeman‚ FSA‚ FCIA‚ MAAA Context for Asset-Liability Management Risks and Risk Tolerance Risk Measurement ALM Techniques Organizational Issues Supervisory Objectives Managing Assets and Liabilities: Strategies for Insurance Companies 2 What is it and why is it used? Managing Assets and Liabilities: Strategies
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Contents Introduction 1 Purpose 1 Organisation of Treaty Beer Company 2 Beer industry 2 Environmental Scan 2 Internal environment 2 Physical 2 Financial 3 Human 4 External environments 5 Natural environment 5 PEST factors 6 Five Forces Analysis 9 Bibliography 11 Introduction Purpose The purpose of this article is to help Treaty Beer Company making a strategic analysis that is about the enterprise internal and external environment analysis. This analysis will out look the future
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sample financial statements of companies in the service‚ manufacturing and trading industries. VI. Course Rationale: To contribute to the full appreciation of the course‚ a student should be exposed to the formation‚ operations‚ dissolution‚ and liquidation of partnerships‚ basic considerations in forming a corporation and stock transactions. VII. Course Objectives: A. General Objective: At the end of the course the students are expected to have
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1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. In 1984‚ the Corporation has computed depreciation expense on plants‚ machinery and equipment using the straight-line method for financial reporting purposes. Prior to 1984‚ the Corporation used principally accelerated methods for its U.S. operating plants. 2. What is the effect of the depreciation accounting method change on the reported income in 1984? How will this change
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of assets Others Mandatory redemption Board Seats Other Term Sheet Features Vesting Covenants Liquidity Preferences Anti-Dilution Protection Board Seats Please read the Note on Private Equity Securities Liquidation – Quick Review Deemed liquidation event Liquidation preference (2X‚ 3X‚ etc.) Non Participating Fully Participating Qualified public offering (QPO) Facebook Cap Table Biggest VC Success Story Anti-Dilution Protections Down round Full-ratchet vs. weighted
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ผลตอบแทนที่ผู้ถือหุ้นคาดหวังในหุ้นแต่ละตัวจึงไม่เท่ากันด้วย • ปัจจัยที่มีผลกระทบกับค่าเบต้า ก็คือปัจจัยที่จะส่งผลให้ราคาหุ้นมีการเปลี่ยนแปลงไปในทางที่ดี กว่าหรือแย่กว่าตลาดนั่นเอง โดยทั่วไปก็มักจะได้แก่ 1. ขนาดของบริษัท 2. ความผันผวนของรายได้ของธุรกิจ 3. อัตราการกู้ยืมของบริษัท Liquidation Stock Price และ Going Concern Stock Price ตัวอย่าง บริษัทมีหนี้สิน 400 ล้าน มีส่วนของผู้ถือหุ้น 100 ล้าน ขอให้เพื่อนๆทราบว่า ต้นทุนของเงินประเภทก่อหนี้ เรียกว่า Cost of Debt ใช้ชื่อย่อว่า Kd ในกรณีนี้สมมติว่าเท่ากับ 10 % และต้นทุนของเงินที่ได้จากผู้ถือหุ้น
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(Costs of issuing shares) Exercise 12.8 Liquidation of acquiree‚ accounting by acquirer BATHURST LTD – CROKER LTD Acquisition analysis Consideration transferred = $20 000 (cash) + $40 000 (shares: 16 000 x $2.50) = $60 000 A. Ledger Accounts – Croker Ltd Liquidation $ $ Inventory 26 000 Accounts payable 20 000 Accounts receivable 20 000 Goodwill 10 000 Receivable - Bathurst Ltd 60 000 Cost of liquidation 1 000 Balance b/d 23 000 Retained
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Friedrich A Hayek’s Economic Theories Name Institution Affiliation Friedrich A Hayek was a well renowned figure within the economics field in the course of 20th C. In the course of the final years of 1930s along with the early 1940s‚ it is evident that Hayek undertook elaborative research which mainly focused on the market processes’ discovery‚ as well as‚ knowledge. Hayek’s contributions within the economic field were basically the outgrowth of his committed participation
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............................................................................ 3 Basic valuation ................................................................................................................................................ 3 Liquidation ...................................................................................................................................................... 5 Dividends ................................................................................
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Understanding each advantages and disadvantages will help the company to create and operate more effectively. The Financial Accounting Standards (FAS) govern accounting for partnerships when establishing which included creation‚ operation‚ and liquidation. When a partnership has been established‚ there are certain tax consequences a partnership may have. Tax consequences show what each partner has contributed to the business. Partnerships is not only a noble way to run a business but the individuals
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