The document discusses key topics related to inventories, including classification, recording systems, costing methods, and financial statement analysis. It covers the major types of inventories, perpetual and periodic inventory systems, FIFO, LIFO, and average costing methods, accounting for inventory declines, and calculating inventory turnover and days of inventory.
Abstract:Savings are necessary if investment, and hence economic growth and development are to be stimulated. The paper looks at the broad set of possible determinants of private savings in Lesotho using annual time series data for the period 1980-2010. The paper estimates the saving rate function and Error-Correction modelling is used to avoid spurious results. The results indicate that public savings are important in explaining changes in private savings, both in the short-run and long-run and that the terms of trade negatively influence private savings in Lesotho in the long-run.
Rebalancing the €A: Insights from #BdFeco research, Marc-O. Strauss-KahnSoledad Zignago
Marc-O. Strauss-Kahn's presentation "Rebalancing the €A: Insights from #BdFeco research", 13th CompNet Annual Conference, Brussels, June 29 2017. Other slides available at https://ec.europa.eu/info/sites/info/files/conference_program_-_version_6_july_2017.pdf
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Markus...StatsCommunications
Presentation at the HLEG thematic workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, http://oe.cd/hleg-workshop-inequalities-income-and-wealth
Abstract:Savings are necessary if investment, and hence economic growth and development are to be stimulated. The paper looks at the broad set of possible determinants of private savings in Lesotho using annual time series data for the period 1980-2010. The paper estimates the saving rate function and Error-Correction modelling is used to avoid spurious results. The results indicate that public savings are important in explaining changes in private savings, both in the short-run and long-run and that the terms of trade negatively influence private savings in Lesotho in the long-run.
Rebalancing the €A: Insights from #BdFeco research, Marc-O. Strauss-KahnSoledad Zignago
Marc-O. Strauss-Kahn's presentation "Rebalancing the €A: Insights from #BdFeco research", 13th CompNet Annual Conference, Brussels, June 29 2017. Other slides available at https://ec.europa.eu/info/sites/info/files/conference_program_-_version_6_july_2017.pdf
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Markus...StatsCommunications
Presentation at the HLEG thematic workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, http://oe.cd/hleg-workshop-inequalities-income-and-wealth
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 ...
The prognosis of Basel III costs in Albanian Economyinventionjournals
This article is based on the basic hypothesis according to which the implementation of Basel III will be associated with costs in the economy. Studies show that tightening of requirements for capital and liquidity under Basel III is expected to reduce the level of GDP in the long term. The aim of the study is to prove correlation between bank indicators and GDP, and then if it is proved the correlation, to calculate the costs.Banks can implement the increased capital and liquidity requirements under Basel III using different strategies. The goal is to predict the impact of these new macro strategies of banks in the framework of Basel III.Also an important part of this article is to understand the operation and impact of the banking system in some macroeconomic indicators. From the study it can be said that there is not a direct relationship between the level of capital and GDP, and the same for liquidity and GDP level connection. It is proved the link between the level of liquidity and interest rates as well as the link between the lending and interest rates
334-335.pdf336-337.pdf338-339.pdf340-341.pdf
Principles of Macroeconomics Unit 5 Assignment
Chapter 9 Questions 1, 4, and 9
1) (Consumption) Use the following data to answer the questions below:
Consumption
Real Disposable Expenditures Savings
Income (billions) (billions) (billions)
$100 $150 $__________
$200 $200 $__________
$300 $250 $__________
$400 $300 $__________
a. Graph the consumption function, with consumption spending on the vertical axis and disposable income on the horizontal axis.
b. If the consumption function is a straight line, what is the slope?
c. Fill in the saving column at each level of income. If the savings function is a straight line, what is its slope?
4) Consumption Function How would an increase in each of the following affect the consumptions function?
a. Net taxes
b. The interest rate
c. Consumer optimism, or confidence
d. The price level
e. Consumers’ net worth
f. Disposable income
9) For each of the following values for the MPC, determine the size of the simple spending multiplier and total change in real GDP demanded following a $10 billion decrease in spending:
MPC = 0.9
MPC = 0.75
MPC = 0.6
Chapter 10: Questions 3, 5, and 6
3. (Expansionary and Recessionary Gaps) Answer questions a through f on the basis of the following graph:
a. If the actual price level exceeds the expected price level reflected in long-term contracts real GDP equals and the actual price levels equals in the short run.
b. The situation described in part (a) results in (n) gap equal
to ____________
c. If the actual price level is lower than the expected price level reflected in long-term contracts, real GDP equals and the actual price level equals in the short run.
d. The situation described in part (c) results in a (n) gap equal to __________
e. If the actual price level equals the expected price level reflected in long-term contracts, real GDP equals and the actual price level equals __________ in the short run.
f. The situation described in part (e) results in a (n) to ________________
5. (Changes in Aggregate Supply) List three factors that can change the economy’s potential output. What is the impact of shits of the aggregate demand curve on potential output? Illustrate your answer with a diagram.
6. (Supply Shocks) Give an example of an adverse supply shock and illustrate graphically. Now do the same for a beneficial supply shock.
References
McEachern, W. A. (2015). ECON macroeconomics (4th ed.). Stamford, CT: Cengage Learning
Solving the Issue of Cost Calculation in BPM Workbench
BPM Workbench does not automatically show the cost of the process. The following example shows how to solve
this issue.
1- Double click on each task
2- Click on “Resource Requirements”
3- Go to “Additional Resources”
- Click on the arrow (Step 1 in the figure) to show the list of the available roles.
- From the dropdown list, select the responsible person for this t.
This presentation was made by Daniele Lajoumard, ministry of Finance, France, at the 18th Annual Meeting of OECD Senior Financial Management and Reporting Officials held at the OECD Conference Centre, Paris, on 1-2 March 2018
Laurent Ferrara's comments on: ”Volatility spillovers of Federal Reserve & EC...Soledad Zignago
Laurent Ferrara's comments on: ”Volatility spillovers of Federal Reserve and ECB balance sheet expansions to EMEs” by A. Apostolou and J. Beirne, Global financial linkages and monetary policy transmission, #BdFeco conference, Paris, Friday 30 June 2017. Other presentations and discussions available online https://www.banque-france.fr/conferences-et-medias/seminaires-colloques-et-symposiums/conferences-de-recherche-et-symposiums/global-financial-linkages-and-monetary-policy-transmission
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 ...
The prognosis of Basel III costs in Albanian Economyinventionjournals
This article is based on the basic hypothesis according to which the implementation of Basel III will be associated with costs in the economy. Studies show that tightening of requirements for capital and liquidity under Basel III is expected to reduce the level of GDP in the long term. The aim of the study is to prove correlation between bank indicators and GDP, and then if it is proved the correlation, to calculate the costs.Banks can implement the increased capital and liquidity requirements under Basel III using different strategies. The goal is to predict the impact of these new macro strategies of banks in the framework of Basel III.Also an important part of this article is to understand the operation and impact of the banking system in some macroeconomic indicators. From the study it can be said that there is not a direct relationship between the level of capital and GDP, and the same for liquidity and GDP level connection. It is proved the link between the level of liquidity and interest rates as well as the link between the lending and interest rates
334-335.pdf336-337.pdf338-339.pdf340-341.pdf
Principles of Macroeconomics Unit 5 Assignment
Chapter 9 Questions 1, 4, and 9
1) (Consumption) Use the following data to answer the questions below:
Consumption
Real Disposable Expenditures Savings
Income (billions) (billions) (billions)
$100 $150 $__________
$200 $200 $__________
$300 $250 $__________
$400 $300 $__________
a. Graph the consumption function, with consumption spending on the vertical axis and disposable income on the horizontal axis.
b. If the consumption function is a straight line, what is the slope?
c. Fill in the saving column at each level of income. If the savings function is a straight line, what is its slope?
4) Consumption Function How would an increase in each of the following affect the consumptions function?
a. Net taxes
b. The interest rate
c. Consumer optimism, or confidence
d. The price level
e. Consumers’ net worth
f. Disposable income
9) For each of the following values for the MPC, determine the size of the simple spending multiplier and total change in real GDP demanded following a $10 billion decrease in spending:
MPC = 0.9
MPC = 0.75
MPC = 0.6
Chapter 10: Questions 3, 5, and 6
3. (Expansionary and Recessionary Gaps) Answer questions a through f on the basis of the following graph:
a. If the actual price level exceeds the expected price level reflected in long-term contracts real GDP equals and the actual price levels equals in the short run.
b. The situation described in part (a) results in (n) gap equal
to ____________
c. If the actual price level is lower than the expected price level reflected in long-term contracts, real GDP equals and the actual price level equals in the short run.
d. The situation described in part (c) results in a (n) gap equal to __________
e. If the actual price level equals the expected price level reflected in long-term contracts, real GDP equals and the actual price level equals __________ in the short run.
f. The situation described in part (e) results in a (n) to ________________
5. (Changes in Aggregate Supply) List three factors that can change the economy’s potential output. What is the impact of shits of the aggregate demand curve on potential output? Illustrate your answer with a diagram.
6. (Supply Shocks) Give an example of an adverse supply shock and illustrate graphically. Now do the same for a beneficial supply shock.
References
McEachern, W. A. (2015). ECON macroeconomics (4th ed.). Stamford, CT: Cengage Learning
Solving the Issue of Cost Calculation in BPM Workbench
BPM Workbench does not automatically show the cost of the process. The following example shows how to solve
this issue.
1- Double click on each task
2- Click on “Resource Requirements”
3- Go to “Additional Resources”
- Click on the arrow (Step 1 in the figure) to show the list of the available roles.
- From the dropdown list, select the responsible person for this t.
This presentation was made by Daniele Lajoumard, ministry of Finance, France, at the 18th Annual Meeting of OECD Senior Financial Management and Reporting Officials held at the OECD Conference Centre, Paris, on 1-2 March 2018
Laurent Ferrara's comments on: ”Volatility spillovers of Federal Reserve & EC...Soledad Zignago
Laurent Ferrara's comments on: ”Volatility spillovers of Federal Reserve and ECB balance sheet expansions to EMEs” by A. Apostolou and J. Beirne, Global financial linkages and monetary policy transmission, #BdFeco conference, Paris, Friday 30 June 2017. Other presentations and discussions available online https://www.banque-france.fr/conferences-et-medias/seminaires-colloques-et-symposiums/conferences-de-recherche-et-symposiums/global-financial-linkages-and-monetary-policy-transmission