This document provides an overview of chapters 5 and 6 from the textbook "Financial Accounting and Reporting: A Global Perspective". It discusses key topics such as regulation of financial reporting by the International Accounting Standards Board (IASB), components and presentation of annual reports and financial statements, and revenue recognition issues. Major sections include international accounting standards, annual reports, balance sheets, income statements, notes to financial statements, and revenue recognition guidelines.
The purpose of the Financial Stability Report is to provide an overview of the developments in Latvia's financial system and the systemic risks potentially threatening the stability of Latvia's financial system.
The Report includes several boxes on specific topics: development and structure of credit institution customer payments, credit institutions' search for new funding sources via web platforms, branchification, growing importance of the state support programme for house purchase, assessment of household access to credit, potential impact of Brexit on Latvia's financial sector as well as credit institutions' capacity to absorb potential liquidity, market and credit risk shocks.
The purpose of the Financial Stability Report is to provide an overview of the developments in Latvia's financial system and the systemic risks potentially threatening the stability of Latvia's financial system.
The Report includes several boxes on specific topics: development and structure of credit institution customer payments, credit institutions' search for new funding sources via web platforms, branchification, growing importance of the state support programme for house purchase, assessment of household access to credit, potential impact of Brexit on Latvia's financial sector as well as credit institutions' capacity to absorb potential liquidity, market and credit risk shocks.
Global Market AnalysisGeoff BrownProfessor Duh.docxwhittemorelucilla
Global Market Analysis
Geoff Brown
Professor Duhn
ACC 680
March 5, 2017
Objectives
Introduction
Potential issues in financial statement analysis
Recommendations on the issues
International financial statement analysis potential benefits
2
Introduction: financial statements analysis
Definition; the act of looking at financial statements with a view of evaluating the financial status of the company to make better economic decisions(Brown et.al, 2014)
Financial statements include balance sheet, income statement, statement of equity and cash flow statement among others
Financial analysis uses tools such as financial ratios
Financial statement analysis make the use of various tools. The most common tools is financial ratios. This financial ratios are classified into various categories depending on the objective they are required to achieve. The common financial ratios are classified into liquidity, profitability, solvency, operating financial ratios and leverage ratios.
3
Introduction (continued)
Statement of the problem- effect of global market on financial statement analysis
Scope; financial statement analysis in the us vis a vis the global market
global market of choice is German.
This presentation is intended to give an outline of the various opportunities as well as threats that will be encountered as result of having global operations. The threats and opportunities will have a bias on the various effects this global markets will have on the process of financial statement analysis. This will also be a comparison between the host country, USA and the new country referred to as the global market. The global market in this case is German
4
Potential issues
Legal systems
Tax regulation
Political and political ties
Inflation
Funding mechanism
This are the major determinants of many countries accounting system and by the extension the process of financial statement analysis. They present both threats and opportunities to the business. The will be each be discussed in the subsequent slides.
5
Legal system
There two types of legal systems namely common law and codified roman law
The kind of accounting system is determined by the legal system
German being the global market uses codified roman law.
Accounting profession in German is highly regulated with procedures laid down on particular transaction
In the German law is silent about items such as cash flow statements, leases and also transactions involving foreign currency transactions(Geppert et.al, 2016)
Unlike in the USA and other countries who use the common law legal system, the accounting field is highly regulated in German. In countries operating under the common law regime the laws are left to professional bodies to deliberate on the various contentious issues. In this case various tools such as cash flow statement are very important when it comes to issues such liquidity. Lack of clear direction on such an item can make benchmarking wit ...
International Journal of Business and Management Invention (IJBMI)inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Intermediate Accounting Chapter 1 about Financial Reporting
and Accounting Standards
After studying this chapter, you should be able to:
Describe the growing importance of global financial markets and its relation to financial reporting.
Explain the objective of financial reporting.
Identify the major policy-setting bodies and their role in the standard-setting process.
Discuss the challenges facing financial reporting.
Date 3112015Abdullah,It concerns me that you have v.docxtheodorelove43763
Date: 3/11/2015
Abdullah,
It concerns me that you have very few in-text citations. As emphasized in class, all outside material must be properly cited. The electronic copies of the papers will be verified via Turnit-in for proper citation. Given improper citation could be viewed as plagiarism which comes with a severe penalty at Marymount, you are strongly encouraged to get assistance from the Writing Lab and submit corrections for a better grade. Note that your grade will be adjusted only if all items listed on the feedback are addressed, AND feedback from the Writing Lab is incorporated in your revised version. You are required to submit this rubric with my feedback, and your graded hardcopy to the Writing Lab tutor.
How to schedule an Writing Lab appointment
In Starfish, you should see your classes listed with available support marked. Under FIN 400, you can get an appointment with a Writing tutor by clicking on Assistance with Writing. For this class, you need a minimum of 50 minutes for the appointment, so plan accordingly. Note that the Writing Lab will continuously update me of your efforts and progress.
.
Components
Comments
Points
Feedback
Title page
· Incomplete
4/5
Good efforts, but note that the title page should follow the APA style as discussed in class. See the class example below from the Power Point slide given out in class.
Abstract
· Incomplete
4/5
· Good summary
· Include where you got data to analyze the trend
· Include the findings.
Body
Introduction => Overview
· Done
10/10
Excellent
An evaluation of stock market performance for the past ten years using the stock market indexes.
· Discuss the three main market indexes and graph.
· Fully explain economic events that led to the peaks and troughs
· Done
· Done
10/15
17/20
· Great job in discussing SP500 and Dow Jones
· Re-do Nasdaq. The main index is Nasdaq Composite, not Nasdaq -100
· Your did not retrieve data and create the graphs as requested. Your graphs are copied and pasted from another source.
· Good efforts in addressing the events resulting in the peaks and troughs.
An in-depth discussion of the three recent US financial crises and the Federal Reserve’s response in terms of macro- economic policies & strategies used to combat the economic downturn.
· Not Done
0/20
· You need to explain the crises and tools used by the Fed to combat the crisis (conventional and conventional).
Discuss the future economic outlook and analysts’ forecast of the stock market.
· Not Done
0/15
Conclusion
Done
5/5
References
Done
5/5
· The references should follow APA style. See the example from the lectures notes
Total Grade
65/100
OVERVIEW OF THE STOCK MARKET 1
OVERVIEW OF THE STOCK MARKET 2
Part I: Overview of the Stock Market
Abdullah Alhassun
FIN 400
Dr. Theresia Wansi
2/13/2015
Part I: OVERVIEW OF THE STOCK MARKET
Introduction
The economy and money indexes must be considered when dealing with the stocks on the market. Alt.
Learning Objectives
To understand the fundamental principles of how countries measure international business activity, the balance of payments
To examine the similarities of the current and capital accounts of the balance of payments
To understand the critical differences between trade in merchandise and services and why international investment activity has recently been controversial in the United States
To review the mechanical steps of how exchange rates are transmitted into altered trade prices and eventually trade volumes
To understand how countries with different government policies toward international trade and investments, or different levels of economic development, differ in their balance of payments
Global Market AnalysisGeoff BrownProfessor Duh.docxwhittemorelucilla
Global Market Analysis
Geoff Brown
Professor Duhn
ACC 680
March 5, 2017
Objectives
Introduction
Potential issues in financial statement analysis
Recommendations on the issues
International financial statement analysis potential benefits
2
Introduction: financial statements analysis
Definition; the act of looking at financial statements with a view of evaluating the financial status of the company to make better economic decisions(Brown et.al, 2014)
Financial statements include balance sheet, income statement, statement of equity and cash flow statement among others
Financial analysis uses tools such as financial ratios
Financial statement analysis make the use of various tools. The most common tools is financial ratios. This financial ratios are classified into various categories depending on the objective they are required to achieve. The common financial ratios are classified into liquidity, profitability, solvency, operating financial ratios and leverage ratios.
3
Introduction (continued)
Statement of the problem- effect of global market on financial statement analysis
Scope; financial statement analysis in the us vis a vis the global market
global market of choice is German.
This presentation is intended to give an outline of the various opportunities as well as threats that will be encountered as result of having global operations. The threats and opportunities will have a bias on the various effects this global markets will have on the process of financial statement analysis. This will also be a comparison between the host country, USA and the new country referred to as the global market. The global market in this case is German
4
Potential issues
Legal systems
Tax regulation
Political and political ties
Inflation
Funding mechanism
This are the major determinants of many countries accounting system and by the extension the process of financial statement analysis. They present both threats and opportunities to the business. The will be each be discussed in the subsequent slides.
5
Legal system
There two types of legal systems namely common law and codified roman law
The kind of accounting system is determined by the legal system
German being the global market uses codified roman law.
Accounting profession in German is highly regulated with procedures laid down on particular transaction
In the German law is silent about items such as cash flow statements, leases and also transactions involving foreign currency transactions(Geppert et.al, 2016)
Unlike in the USA and other countries who use the common law legal system, the accounting field is highly regulated in German. In countries operating under the common law regime the laws are left to professional bodies to deliberate on the various contentious issues. In this case various tools such as cash flow statement are very important when it comes to issues such liquidity. Lack of clear direction on such an item can make benchmarking wit ...
International Journal of Business and Management Invention (IJBMI)inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Intermediate Accounting Chapter 1 about Financial Reporting
and Accounting Standards
After studying this chapter, you should be able to:
Describe the growing importance of global financial markets and its relation to financial reporting.
Explain the objective of financial reporting.
Identify the major policy-setting bodies and their role in the standard-setting process.
Discuss the challenges facing financial reporting.
Date 3112015Abdullah,It concerns me that you have v.docxtheodorelove43763
Date: 3/11/2015
Abdullah,
It concerns me that you have very few in-text citations. As emphasized in class, all outside material must be properly cited. The electronic copies of the papers will be verified via Turnit-in for proper citation. Given improper citation could be viewed as plagiarism which comes with a severe penalty at Marymount, you are strongly encouraged to get assistance from the Writing Lab and submit corrections for a better grade. Note that your grade will be adjusted only if all items listed on the feedback are addressed, AND feedback from the Writing Lab is incorporated in your revised version. You are required to submit this rubric with my feedback, and your graded hardcopy to the Writing Lab tutor.
How to schedule an Writing Lab appointment
In Starfish, you should see your classes listed with available support marked. Under FIN 400, you can get an appointment with a Writing tutor by clicking on Assistance with Writing. For this class, you need a minimum of 50 minutes for the appointment, so plan accordingly. Note that the Writing Lab will continuously update me of your efforts and progress.
.
Components
Comments
Points
Feedback
Title page
· Incomplete
4/5
Good efforts, but note that the title page should follow the APA style as discussed in class. See the class example below from the Power Point slide given out in class.
Abstract
· Incomplete
4/5
· Good summary
· Include where you got data to analyze the trend
· Include the findings.
Body
Introduction => Overview
· Done
10/10
Excellent
An evaluation of stock market performance for the past ten years using the stock market indexes.
· Discuss the three main market indexes and graph.
· Fully explain economic events that led to the peaks and troughs
· Done
· Done
10/15
17/20
· Great job in discussing SP500 and Dow Jones
· Re-do Nasdaq. The main index is Nasdaq Composite, not Nasdaq -100
· Your did not retrieve data and create the graphs as requested. Your graphs are copied and pasted from another source.
· Good efforts in addressing the events resulting in the peaks and troughs.
An in-depth discussion of the three recent US financial crises and the Federal Reserve’s response in terms of macro- economic policies & strategies used to combat the economic downturn.
· Not Done
0/20
· You need to explain the crises and tools used by the Fed to combat the crisis (conventional and conventional).
Discuss the future economic outlook and analysts’ forecast of the stock market.
· Not Done
0/15
Conclusion
Done
5/5
References
Done
5/5
· The references should follow APA style. See the example from the lectures notes
Total Grade
65/100
OVERVIEW OF THE STOCK MARKET 1
OVERVIEW OF THE STOCK MARKET 2
Part I: Overview of the Stock Market
Abdullah Alhassun
FIN 400
Dr. Theresia Wansi
2/13/2015
Part I: OVERVIEW OF THE STOCK MARKET
Introduction
The economy and money indexes must be considered when dealing with the stocks on the market. Alt.
Learning Objectives
To understand the fundamental principles of how countries measure international business activity, the balance of payments
To examine the similarities of the current and capital accounts of the balance of payments
To understand the critical differences between trade in merchandise and services and why international investment activity has recently been controversial in the United States
To review the mechanical steps of how exchange rates are transmitted into altered trade prices and eventually trade volumes
To understand how countries with different government policies toward international trade and investments, or different levels of economic development, differ in their balance of payments