...AC540 Week 3 Assignment By Terrace M. Long Please complete the below problems and submit your answers in the Week 3 Dropbox. See "Syllabus/Due Dates for Assignments & Exams" for due date information. 1. In the Course Home tab of your course shell, click on “FASB Codification Access.” Scroll to the bottom of the page and click on “For tutorials please click on the link here.” Watch and listen to the four tutorial modules and answer the following questions with information you learned in the tutorial, your book and through Internet research: a. Why was codification needed? Codification was needed to simplify access to ASC, improve accuracy of research, mitigate risk of non-compliance, streamline the research process, provide real-time updates, and assist with IFRS convergence. b. What is the goal of codification? The goal of the Codification is to simplify the organization of thousands of authoritative U.S. accounting pronouncements issued by multiple standard-setters. To achieve this goal, the FASB initiated a project to integrate and topically organize all relevant accounting pronouncements issued by the U.S. standard-setters including those of the FASB, the American Institute of Certified Public Accountants (AICPA), and the Emerging Issues Task Force (EITF). c. What authoritative literature does the codification supersede? The FASB Codification will supersede all then-existing non-SEC accounting and reporting standards for nongovernmental...
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...1. the letter began, “dear friends of our fair city.” 2. Helen asked, “may i borrow that book when you’re finished?” 3. i wondered if Ms. jay would approve this murder mystery for my book report. 4. Luis wrote, “dear Jim Arnosky, i was fascinated by your recently published book.” 5. my teacher asked me to write a poem beginning with the line “roses are red.” 6. Wondering who the guests would be, i asked, “whom did you invite to our party?” 7. When i saw the latest bestseller, i eagerly grabbed it. 8. Tom said, “there’s a bird with a broken wing outside.” 9. During lunch, Robin jotted a letter to Amy and signed it, “your friend, Robin.” 10. christine raised her hand and asked, “may i read my short story to the class?” 11. I just got the new CD by lauryn hill. 12. My favorite rabbit is peter cottontail. 13. Justine took her cat smokey to the vet. 14. Did you hear michael feldman on the radio this weekend? 15. My dentist, Dr. larry k. lane, always gives me free dental floss. 16. Tracy enjoys taking her dog bandit to the park. 17. Our neighbors, the garzas, are hosting the block party this year. 18. Did you read this biography of catherine the great? 19. One of my favorite authors is J.r.r. Tolkien. 20. Why did you name your parrot khan? 21. There is a rocky island in the atlantic called st. helena. 22. On June 30, 1998, a volcano named korovin erupted on atka island in alaska. 23. Thomas is drawing a map of africa and has marked the location of the equator. ...
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...acquisitions comparing pre- and post- merger performance by measuring performance using either accounting or productive efficiency indicators.The results from both indicators have varied and at sometimes been contradictory. This can be explained by performance-influencing variables like size, brand name, diversification and cost reduction, there is still no reconciliation between these indicators. I intend to contribute to the determinants of bank performance by evaluating the possible performance impact of bank consolidation on banks. Consolidation is the key to improving the performance of banks with low capital base, without which they are bound to fail. 1.3 Background of study Aside being the highest contributor to the market capitalization of the Nigerian stock exchange and smooth and...
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...Running head: PROJECT PLAN FOR WHITBREAD WORLD SAILBOAT RACE Project Plan for Whitbread World Sailboat Race Your Name Goes Here University of Phoenix Project Plan for Whitbread World Sailboat Race [The introduction goes here. It should be one or two paragraphs explaining the findings of your paper. The introduction should prepare the reader for the contents of the paper by previewing the four main topics in your paper. Be sure to end with a transition word or sentence to lead into Section 1 of your paper. Triple click anywhere in this paragraph to begin typing your own introduction.] Bjorn Ericksen Project Strategy Analysis [This should explain the industry your company operates in. It should also identify the areas into which you are expanding. Be sure to end with a transition word or sentence to lead into the next section of your paper. Triple click anywhere in this paragraph to begin typing.] Plan to Reduce Project Duration [This should list any action item deliverables, due dates for each deliverable and who is responsible for each deliverable (resources). This should also assess potential shortfalls, risk factors, and consequences for the plan. Be sure to end with a transition word or sentence to lead into the next section of your paper. Triple click anywhere in this paragraph to begin typing. You may want to use the table provided (Table 1). Project Closure Approach [This should analyze the implementation planning process at Whitbread...
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...Phillips Furniture Case Dorothy Decker Baker College Phillips Furniture Case There are many things that need to be done in a small company that has found its business growing, adding more buildings, more employees and locations. This paper will show how to grow the company through the HR department in order to keep the company growing as well as maintaining the same management style in each and every store. In this case furniture store. What to Focus On The first thing should be a mission statement. Mr. Phillips and all of the management should sit down and discuss the purpose and objective of the store. With this it should lay out a goal and objective for the company that will explain to the employees what the company stands for, and where it will and should head into the future. It must lay out the objective that can be reached for each and every employee from management to hourly employees. Develop a Job Description One of the first and foremost things that need to happen from the Human Resource side of things is to lay out employee and management job descriptions. This is very necessary for the furniture retailer to grow. This is something that needs to be clear and concise and across each and every store. These job descriptions must be the same in order for the store to run smoothly. The job description of each position should be laid out clearly so each and every employee know what their job is and what is expected of...
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...A naming convention is important when working with databases in order to provide a clear structure and format; especially in team environments. By using these conventions the database can be understood by anyone applying these conventions; thus increasing maintainability. These are not rules but guidelines that can be adapted to any working environment. All names should be in camelcase with the first letter in lower case. Separate name parts by using camel case and NOT underscores or spaces. This provides better readability and you will not have to use quotes when doing SQL statements. Prefixes or namespaces are the ONLY parts of names that should be separated by underscores. This defines a clear separation between names and areas. Do not use numbers in names. This is poor design, indicating divided table structures. Do not use dot (.) separator between names, remember use camel casing. This way you will avoid problems when doing SQL statements as fields are accessed using dot notation. It goes without saying, do not use reserved database words in any name. Always try to use names that make sense and are descriptive of their purpose. Avoid abbreviations whenever possible. ONLY use abbreviations that are well known and documented. Avoid acronyms whenever possible. Only use acronyms that are well known and documented. Also, they should all be in uppercase if used. Tables are usually entity you are modeling for persistence. So make sure the names are in proper English and carry natural...
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...“Though there be no such thing as Chance in the world; our ignorance of the real cause of any event has the same influence on the understanding, and begets a like species of belief or opinion” Hume’s use of capitalization when regarding the term Chance to help distinguish his definition from any other definitions. He defines Chance with a capital C as the idea that events can happen randomly, without any sort of explainable cause, and this is where Hume begins to beg to differ. Hume’s belief is that Chance does not exist because people use the term when they feel there is an absence of cause. It is necessary to note that Hume believes that every effect can be derived to a cause, so no effect is ever actually arbitrary. Hume, having quite the...
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...Phillips Furniture Case Baker College Phillips Furniture Case There are many things that need to be done in a small company that has found its business growing, adding more buildings, more employees and locations. This paper will show how to grow the company through the HR department in order to keep the company growing as well as maintaining the same management style in each and every store. In this case furniture store. What to Focus On The first thing should be a mission statement. Mr. Phillips and all of the management should sit down and discuss the purpose and objective of the store. With this it should lay out a goal and objective for the company that will explain to the employees what the company stands for, and where it will and should head into the future. It must lay out the objective that can be reached for each and every employee from management to hourly employees. Develop a Job Description One of the first and foremost things that need to happen from the Human Resource side of things is to lay out employee and management job descriptions. This is very necessary for the furniture retailer to grow. This is something that needs to be clear and concise and across each and every store. These job descriptions must be the same in order for the store to run smoothly. The job description of each position should be laid out clearly so each and every employee know what their job is and what is expected of them. As they...
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...SFAS No. 2 and Capitalization SFAS No. 2 states that when thinking about capitalizing an item that will provide future economic resources many published studies have approached the question in terms of measurability. The statements says: 44. The criterion of measurability would require that a resource not be recognized as an asset for accounting purposes unless at the time it is acquired or developed its future economic benefits can be identified and objectively measured. 45. Paragraphs 39-40 indicate that at the time most research and development costs are incurred the future benefits are at best uncertain. In other words, there is no indication that an economic resource has been created. Moreover, even if at some point in the progress of an individual research and development project the expectation of future benefits becomes sufficiently high to indicate that an economic resource has been created, the question remains whether that resource should be recognized as an asset for financial accounting purposes. Although future benefits from a particular research and development project may be foreseen, they generally cannot be measured with a reasonable degree of certainty…Research and development costs therefore fail to satisfy the suggested measurability test for accounting recognition as an asset. In other words, thinking about the capitalization of software development in regards to SFAS No. 2 and measurability, these costs should not be capitalized. However, I...
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...Bangladesh Economic Update Bangladesh Economic Update Capital Market Capital Market October 2011 October 2011 Bangladesh Economic Update Volume 2, No. 9, October 2011 Acknowledgement: Bangladesh Economic Update is an output of the Economic Policy Unit of the Unnayan Onneshan, a multidisciplinary research centre based in Dhaka, Bangladesh. The report is prepared by a team, under the guidance of Rashed Al Mahmud Titumir. The team comprises Md. Aslam Hossain and A. Z. M. Saleh. The report is an output of the programme titled Enhancing the responsiveness of the government to address exclusion and inequality. The programme has been supported from a grant of Christian Aid. © Copyright: Unnayan Onneshan-The Innovators The content of this publication may be reproduced for non-commercial purposes with proper citation (please send output to the address mentioned below). Any other form of reproduction, storage in a retrieval system or transmission by any means for commercial purposes, requires permission from the Unnayan Onneshan-The Innovators. For orders and request please contact: Unnayan Onneshan - The Innovators 16/2, Indira Road, Farmgate Dhaka-1215, Bangladesh Tell: + (880-2) 8158274, 9110636 Fax: + (880-2) 8159135 E-mail: info@unnayan.org Web: www.unnayan.org Bangladesh Economic Update, October 2011 2|P a g e SUMMARY This issue of Bangladesh Economic Update discusses the continuous fall in the capital market of Bangladesh. Continuous decrease in the capital market...
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...BFZ5959 The Report on Rio Tinto Limited By YANG Jie (Jake) Student ID: 27315541 Abstract: The report focused on financial performance of Rio Tinto Limited during 2006-2015. The report graphed the share price, market capitalization, earnings per share and debt structure and interpreted the figures respectively. The dividend policies and buybacks are also investigated and shown in the report. The report suggested though Rio Tinto Limited was in a hard time, its prospective was still positive. In order to develop better, the report argued Rio Tinto Limited maintained its good features and did some necessary change at the same time. Abstract 1 1. Introduction 3 2. Share Price 3 3. Market Capitalization 4 4. Earnings per Share 5 5. Debt Structure 6 6. Dividend Policy and Buybacks 8 7. Conclusion 9 References 10 1. Introduction Rio Tinto Limited, a large Australian company, was selected as targeted company. Rio Tinto Limited is involved in the mining, exploration, smelting, refining and selling of minerals; the manufacturing of metal and non-metal products; and the provision of professional services. The report investigated the share price, market capitalization, earnings per share, debt structure, dividend policy and buybacks during 2006-2015. After investigation, the report got some conclusion and tried to give some suggestions. 2. Share Price Figure 1: Share Price Source: OSIRIS database The share price of Rio Tinto Limited during 2006-2015 was shown in Figure 1...
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...1 Introduction: Bangladesh capital market is one of the smallest in Asia but the third largest in the south Asia region. It has two full-fledged automated stock exchanges namely Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) and an over-the counter exchange operated by CSE. It also consists of a dedicated regulator, the Securities and Exchange Commission (SEC),since, it implements rules and regulations, monitors their implications to operate and develop the capital market. It consists of Central Depository Bangladesh Limited (CDBL), the only Central Depository in Bangladesh that provides facilities for the settlement of transactions of dematerialized securities in CSE and DSE. 2.1 Functions of capital market: The functioning of an efficient capital market may ensure smooth floatation of funds from the savers to the investors. When banking system cannot meet up the total need for funds to the market economy, capital market stands up to supplement. To put it in a single sentence, we can therefore say that the increased need for funds in the business sector has created an immense need for an effective and efficient capital market. It facilitates an efficient transfer of resources from savers to investors and becomes conduits for channeling investment funds from investors to borrowers. T 2.2 Product of capital market: • Shares, • Debentures, • Mutual funds, • Bonds, • Derivatives, • Future and options. 2.3 Player...
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...The Boeing Company PEG Ratio Valuation The PEG ratio method provides an estimate of the Boeing Company value by dividing a price-earnings ratio (PE) by a forecasted 5-year growth rate (G) to generate a measure, PE/G, called a “PEG”. The PEG reveals how much the market is willing to pay for a future earnings stream growing at the forecasted rate. Selection of Comparables Two corporations were selected as being comparable to the Boeing Company. Although each has characteristics that are similar to Boeing, each is also very different from Boeing, leaving the question as to whether they are truly comparable. They are both significantly smaller companies, as measured by market capitalization. Airbus Group SE is a comparable because it is a direct competitor of Boeing’s Commercial Airplanes segment. Airbus Group is a European aerospace and defense corporation consisting of three business segments, Airbus (civil aircraft), Airbus Defense and Space and Airbus Helicopters. Lockheed Martin is a comparable because it is in the aerospace, defense, security and technologies industry and competes directly with Boeing’s Defense, Space & Security operations. Lockheed Martin is the world's largest defense contractor. About 78% of Lockheed Martin's revenues come from military sales. Value of Boeing Relative to the Comparables Company Market Current Current Current 5-yr PEG Name Cap Price Earnings PE ...
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...Top 10 of Malaysia takes a brief look at some top Malaysian companies on the back of trials and tribulations experienced on a global scale last year. In 2011 many countries have been hit by challenges brought about by natural disasters, financial crises and political upheavals. Malaysia, as an emerging market, is expected to be still attractive to many investors, be they local or foreign. The start of 2012 has brought with it a myriad of new aspirations and resolve for companies in Malaysia. Maybank remained the company with the highest market valuation on Bursa, standing at RM62 billion while CIMB, at the number 2 spot in December 2011 with a market valuation of RM55 billion then, went down to the 4th spot on the current list after shedding some RM4 billion in market value. It was upstaged by Sime Darby and Petronas whose market valuations stood at RM55 billion and RM53 billion respectively. Maxis and Genting too, stood above Axiata which retreated about RM2 billion in its market value. Petronas hopes to improve its bottom line where natural gas is concerned with the operation of its gas import terminal at Melaka which is scheduled to be in operation in August this year and the acceptance of its proposal for a gas pricing mechanism. JCY International, a hard disk drive manufacturer, is again the top company in the technology sector with a market capitalisation of RM2.7 billion. Its share price has doubled in just over two months in recent times...
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...1889, making his full ownership official. The Coca-Cola Company became a Georgia corporation in 1892 and has been publicly traded since 1919. In the commercial beverage industry, Coca-Cola is the world’s leading manufacturer, marketer and distributor of non-alcoholic beverage concentrates and syrups. Based in Atlanta, Georgia, Coca-Cola produces more than 500 brands, operates in more than 200 countries and employs 130,600 employees (and more than 700,000 “associates” worldwide). International bottles of Coca-Cola Key Statistics * Publicly traded on the New York Stock Exchange (NYSE) * Revenue: 46.22 Billion * Gross Profit: 28.43 Billion * 52 Week Range: 36.83-42.57 * Market Cap: 179.30 Billion The market capitalization is the total market value of all of a company’s outstanding shares. This number is used by the investment community to determine a company’s size. The Coca-Cola Company is the largest company compared to its competitors. It is valued at $41 billion more than its closest competitor, PepsiCo. Relevant Ratios * Current Ratio: 1.04 * Quick Ratio: 1.01 *...
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