...Shehata Cairo University Tad Ransopher Georgia State University Abstract Egypt, one of the largest Middle East economies, is beginning its transition to a market economy. As a developing nation, Egypt has witnessed several changes in its accounting system during last two decades. This case provides an analysis of the Egyptian accounting system with emphasis on the development of the Egyptian Accounting Standards. In addition, this case makes recommendations for the reformation of the Egyptian accounting system. Keywords: Egypt, International accounting standards, Egyptian accounting standards, Egyptian accounting system, Privatization, Culture The state of accounting, Page 1 Journal of Business Cases and Applications 1. INTRODUCTION The purpose of this case is twofold. The first goal is to present an analysis of the development of the Egyptian accounting system. The second goal is to provide several recommendations to facilitate the Egyptian accounting reformation. Once accounting reformation occurs, Egyptian companies can prepare financial reports that will be of greater benefit than those at present. To Egyptian companies the result will be an increase in foreign investment and funds raised from external sources. With these goals as the objective, Egyptians need to comprehend successful accounting systems and extract that which may be applied to the Egyptian system. The process of accounting reformation in Egypt and the politics of setting standards are...
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...* What Is a Blood Disorder? Bottom of Form Blood disorders are physical conditions that prevent the normal function of blood in the body. A disorder may involve factors that interfere with the production of the individual components found in the blood, such as hemoglobin or blood proteins. The nature of a blood disorder may also include situations where the blood does not coagulate properly, or the blood cells themselves are malformed or infected. There is a wide range of blood diseases known today. Anemia is one of the more common examples of a blood disorder. Sometimes referred to as tired blood, a person who is anemic is likely to have a lack of proteins and other elements in the blood. As a result, the blood cannot carry the needed nutrients to various parts of the body and the individual is likely to feel fatigued more often. Over time, anemia can also have a negative impact on the emotions, as the blood is unable to supply proper nutrition to the brain for the production of chemicals that help to maintain an even mood. Sickle cell anemia is one of the more serious types of anemic blood disorder. In addition to fatigue, a person suffering with this disorder is also likely to experience a great deal of pain. The pain may be localized in one part of the body or migrate to different areas throughout the course of the day. Ad Hemophilia is another relatively common blood disorder. Hemophiliacs suffer with a condition in which the blood lacks the normal ability to coagulate...
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...±0.938 mg/ml of nutrient broth culture with a purity level of 54.8% ±15.3% of the protein pellet. Leaf – dip bioassay was used to determine the efficacy of the isolates against Chilo Partellus (Swinhoe), a wellestablished and invasive stem borer in Kenya. Among the isolates, Bt 44 and Bt 48 had the most potent endotoxin crystals to 1st instar C. partellus larvae. In addition, the efficacy of these two isolates was not statistically different (P>0.05) from that of Bta based on LT50 values. The findings show that these two locally available unidentified Bt isolates could be used in management of C. partellus and their characterisation (Cry protein) could aid in their utilization. Key words: Bt efficacy; Bt isolates; LT50; LC50; Introduction Maize (Zea mays L.) is the most important staple food crop in Kenya as well as in the subSahara Africa. However, farmers are yet to attain the potential yield per unit area due to a myriad of problems, major ones being infestation and damage by insect pests. Lepidopteran stem borers are generally considered as the most important...
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...méthodologie qui permet de systématiser l’application de techniques d’amélioration de l’accès de la mémoire afin de garantir de bonnes performances a récemment été publié. Selon cette méthodologie, l’optimisation est alors fonction des différents patrons d’accès de la mémoire et de l’architecture sous-jacente : vectorielle comme les GPU d’AMD ou scalaire comme ceux de NVIDIA. Dans le présent article, une synthèse de la méthodologie sera présentée. Puis, une analyse suivra afin de discuter de la méthodologie et de la critiquer. Index Terms—General-purpose computation on GPUs (GPGPUs), GPU computing, memory optimization, memory access pattern, vectorization, memory selection, memory coalescing, data parallelism, data-parallel architectures. Introduction Bien que le GPGPU existe depuis plus de trois décennies, les outils de développement étaient jusqu’alors déficients ou tout simplement inexistants [1]. Aujourd’hui, l’offre...
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...Kennedy ADMISSION NO: 109/01670 SUPERVISOR: MR. BONIFACE CHOMBA ` May 20th, 2014, TABLE OF CONTENTS. DECLARATION.......................................................................................................................................i ACKNOWLEDGEMENT………………………………..….……………………………………………………………………………………ii DEDICATION………………………………..……………………………………………………………………………..………………..……iii ABSTRACT………………………………..………………………………………………………………………………………………………..iv CHAPTER ONE………………………………………………………………………………………………………………………….…………1 INTRODUCTION…………………………………………………………………………………………………………………..………1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 PROJECT BACKGROUND………………………………………………………………………..…………..1 PROBLEM STATEMENT……………………………………………………………………………………………………3 PROPOSED SOLUTION…………………………………………………………………………………………………….3 SYSTEM OBJECTIVES……………………………………………………………………………………………………….5 SCOPE OF THE PROJECT/SPECIFICATIONS……………………………………………………………………….6 BLOCK DIAGRAM……………………………………………………………………………………..…………………….6 DESCRIPTION OF THE BLOCK DIAGRAM………....………………………………………………………………7 CHAPTER TWO………………………………………………………………………………………………………………….…………………8 2.1 2.2 2.3 EXISTING SOLUTIONS……………………………………………………………………………………………………..8 LITERATURE REVIEW………………………………………………………………………………………………………9 CONCLUSION……………………………………………………………………………………………………………….10 CHAPTER THREE……………………………………………………………………………………………………………………….……….11 HARDWARE IMPLEMENTATION………………………………………………………………..…………………….………..11 3.0 3.1 COMPLETE CIRCUIT DIAGRAM………………………………………………………………………………………11 POWER SUPPLY...
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...Fin433 Final Project: Mutual Funds in Bangladesh and ICB Submitted to: Hasan Mamun Senior Lecturer, School of Business North South University Date of Submission: April 13, 2014 Submitted by: The A-Team Oishee Rimi Mondal - 1130279030 Rakin Al-Mahmood – 1030442030 Syeda Amara Alam - 1110199030 S.M Ami Islam -1111061030 Sifat Abir - 1110978030 Table of Contents What is a Mutual Fund……………………………………………………………..4 History of Mutual Funds……………………………………………………………4 Mutual Funds in Bangladesh……………………………………………………… 4 Growth of Mutual Funds in Bangladesh……………………………………………5 What Mutual Funds Offer…………………………………………………………..5 Open Ended Funds………………………………………………………………….6 Close Ended Funds…………………………………………………………………6 Unit Investment Trusts……………………………………………………………..7 Advantages of Investing in Mutual Funds………………………………………….7 Types of Mutual Funds……………………………………………………………..8 Formation of Mutual Funds………………………………………………………...9 Valuation and Dividends of Mutual Funds………………………………………..10 Roles of a Portfolio Manager……………………………………………………...11 ICB………………………………………………………………………………...12 Vision of ICB……………………………………………………………………...12 Mission of ICB……………………………………………………………………12 Objectives of the Organization……………………………………………………13 Who Runs ICB…………………………………………………………………….14 Organizational Chart of ICB………………………………………………………14 Main Functions of the Organization………………………………………………18 Functions of Each Subsidiary……………………………………………………..18 ICB CAPITAL MANAGEMENT LIMITED (ICML)...……………………….18 ICB ASSET MANAGEMENT COMPANY...
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...1. Introduction This is the final project of the Course Named: Investment & Portfolio Analysis. The purpose of this project is to examine thoroughly if the CAPM holds true in the emerging capital market of Pakistan. Tests are conducted for a period of five years (2005-2009), which is characterized by intense return volatility (covering historically high returns over the examined period). 2.1. Karachi Stock Exchange * Incorporated on March 10, 1949 * Premier Stock exchange of the country * Started with 5 companies that had a paid up capital of Rs. 37 million. * Trading was done through an open-out-cry system * The first index was the KSE 50 Index * Exchange owned by 200 members * 652 companies listed * 4 indices * Modern Risk Management System a. Var Based Margin b. Pre Trade Margin Verification * KSE is FIX Compliant * Electronic Trading through KATS * Market capitalization*: US $ 26.04 billion * Publicly Listed Company with strategic investor * Products to include: a. Options b. ETFs c. Tradable Sector Indices d. Debt Market Trading * Broad based investor participation * Cross border listings of companies * Opening up of branches in other cities and in the region 2.2.1. Definition A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and trader s, to trade company stocks and other...
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...Question 1–18 19–32 33–44 45–78 79–84 85–120 Sample Examination Structure Topic Ethical and Professional Standards Quantitative Analysis Economic Analysis Financial Statement Analysis and Corporate Finance Portfolio Management Asset Valuation Total Percent 15 12 10 28 5 30 100 Minutes 27 21 18 51 9 54 180 QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS AND ARE ALLOCATED 27 MINUTES. 1. According to the CFA Institute Standards of Practice Handbook, insider trading is least likely to be prevented by establishing: Select exactly 1 answer(s) from the following: A . fire walls. B watch lists, C. selective disclosure. 2. William Wong, CFA, is an equity analyst with Hayswick Securities. Based on his fundamental analysis, Wong concludes that the stock of a company he follows, Nolvec Inc., is substantially undervalued and will experience a large price increase. He delays revising his recommendation on the stock from “hold” to “buy” to allow his brother to buy shares at a lower price. According to the Standards of Practice Handbook, Wong is least likely to have violated the CFA Institute Standards of Professional Conduct that relate to: Select exactly 1 answer(s) from the following: A. duty to clients. B. reasonable b asis. C. duty to his employer. 3. During an onsite company visit, Marsha Ward, CFA, accidentally overheard the Chief Executive Officer (CEO) of Stargazer, Inc., discussing the company’s pending tender offer to purchase Dynamica Enterprises, a...
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...The Portfolio Theory also known as Modern Portfolio Theory was first developed by Harry Markowitz. He had introduced the theory in his paper ‘Portfolio Selection’ which was published in the Journal of Finance in 1952. In 1990, he along with Merton Miller and William Sharpe won the Nobel Prize in Economic Sciences for the Theory. The theory suggests a hypothesis on the basis of which, expected return on a portfolio for a given amount of portfolio risk is attempted to be maximized or alternately the risk on a given level of expected return is attempted to be minimized. This is done so by choosing the quantities of various securities cautiously taking mainly into consideration the way in which the price of each security changes in comparison to that of every other security in the portfolio, rather than choosing securities individually. In other words, the theory uses mathematical models to construct an ideal portfolio for an investor that gives maximum return depending on his risk appetite by taking into consideration the relationship between risk and return. According to the theory, each security has its own risks and that a portfolio of diverse securities shall be of lower risk than a single security portfolio. Simply put, the theory emphasizes on the importance of diversifying to reduce risk. Early on, investors stressed on individually picking high yielding stocks to earn maximum profits. So if one particular industry was offering good returns; an investor would have landed...
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...CLASS 1.1 Important concepts Entities – tax versus legal • Tax entities o People, partnerships, joint venture, companies … are considered to be entities for the purposes of calculating income tax. • Legal entities o Companies, which have separate legal personalities, are legal entities. Income flows • Income should be considered as a cash flow stream, where timing is important. • The question is, when the income recognised as earned or deducted (because tax delayed is tax denied)? CLASS 1.2 Patterns of taxation Income tax • Income tax is a progressive system. • Income tax is mainly a rich person’s tax once franking credits are taken into account to produce an “effective tax rate”. • Wealthy people pay less tax overall by reducing their tax burden through using the lower rate paid on capital gains and other tax minimisation schemes. • Total tax as a percentage of GDP is lower in Australia compared to many other countries across the world. However, these results must be considered in light of the high level of income (where it may not be as much of a burden to pay high taxes where there is high income) and quality of public goods provided in counties such as Sweden (which has the highest total tax rate as a percentage of GDP). Justifications for taxation Why do we need taxes? • Public goods argument: the government can provide some benefits to society better than anyone else. Examples include defence, and law and order. • Market failure...
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...Second Year - Third Semester 3.0.1 International Business - University Assessment 100 Marks Course Content 1. Overview of the International Business Process 2. PEST factors affecting International Business 3. Government influence on trade 4. International Trade Theories 5. FDI 6. Country Evaluation and Selection 7. Collaborative Strategies 8. International Marketing 9. International Trade Agreements 10. International Trade Organizations 11. Forex 12. International HR Strategies 13. International Diplomacy Reference Text 1. International Business – Daniels and Radebough 2. International Business – Sundaram and Black 3. International Business – Roebuck and Simon 4. International Business – Charles Hill 5. International Business – Subba Rao 3.0.2 Strategic management 100 Marks Course Content 1. Strategic Management Process: Vision, Mission, Goal, Philosophy, Policies of an Organization. 2. Strategy, Strategy as planned action, Its importance, Process and advantages of planning Strategic v/s Operational Planning. 3. Decision making and problem solving, Categories of problems, Problem solving skill, Group decision making, Phases indecision making. 4. Communication, Commitment and performance, Role of the leader, Manager v/s Leader, Leadership styles. 5. Conventional Strategic Management v/s Unconventional Strategic Management, The differences, Changed Circumstance 6. Growth Accelerators: Business Web, Market Power, Learning based. 7. Management Control, Elements,...
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...Integrated Case study AN ANALYSIS OF THE CASE MAN GROUP (A) January 2013 Integrated Case Study: Man Group (A) Contents Page Acknowledgements Executive Summary Chapter 1: Introduction 1 Chapter 2: Case brief 4 Chapter 3: Problem statement and Analysis 8 3.1 Problem statement for Man Group Plc (A) 3.2 Literature review 3.3 Proposed plan of analysis 3.4 Sources of data Chapter 4: Analysis and Findings 22 An assessment of the current position Chapter 5: Proposed solution to Problems 29 5.1 Integrated discussion of the analysis 5.2 Recommendations 5.3 Proposed plan of action 5.4 Limitations of the study, scope for further research Chapter 6: Application to another case 35 6.1 Background 6.2 Description of the comparator company’s situation 6.3 Testing the recommendations on the comparator company Appendices References Word count: 11,980 Acknowledgements My sincere regards and gratitude goes to Almighty God who gave me strength and will to complete my studies successfully. I give my deepest regards to my supervisor Dr. K. Vijay Shenai for his guidance, support and dedication towards all his students. I extend my regards to all my friends who supported me through my studies and were of immense help to me. My warm regards and love for my parents who have always been an inspiration to me and have always supported me throughout my studies, this would...
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...OSCOLA Oxford Standard for the Citation of Legal Authorities Fourth Edition Faculty of Law, University of Oxford www.law.ox.ac.uk/oscola Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 1 General notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 1 .1 Citations and footnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 1 .1 .1 1 .1 .2 1 .1 .3 1 .1 .4 Citing cases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Citing legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Citing secondary sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Order of sources in footnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 1 .2 Subsequent citations, cross-references and Latin ‘gadgets’ . . . . . . . . . . . . .5 1 .2 .1 Subsequent citations . . . . . . . . . . . . . . . . . . . . . . ....
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....................................................... 28 Chapter Eleven: Arbitrage Pricing Theory and multifactor models of risk and return .... 32 Chapter Twelve: Market Efficiency and Behavioral Finance........................................... 35 Chapter Fourteen: Bond prices and yields ........................................................................ 43 Chapter Fifteen: The Term Structure of Interest Rates..................................................... 48 Chapter Sixteen: Managing Bond Portfolios .................................................................... 53 Chapter Eighteen: Equity Valuation Models .................................................................... 57 Chapter Twenty: Option Markets: Introduction ............................................................... 59 Chapter Twenty-one: Option...
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...Engineering and Technology Management Tools and Applications For a listing of recent titles in the Artech House Technology Management and Professional Development Library, turn to the back of this book. Engineering and Technology Management Tools and Applications B. S. Dhillon Artech House Boston • London www.artechhouse.com Library of Congress Cataloging-in-Publication Data Dhillon, B. S. Engineering and technology management tools and applications/B.S. Dhillon. p. cm. — (Artech House technology management and professional development library) Includes bibliographical references and index. ISBN 1-58053-265-9 (alk. paper) 1. Engineering—Management. 2. Technology—Management. I. Title. II. Series. TA190 .D47 2002 620’.0068—dc21 2002074491 British Library Cataloguing in Publication Data Dhillon, B. S. Engineering and technology management tools and applications. (Artech House technology management and professional development library) 1. Engineering—Management 2. Technology—Management I. Title 620’ . 0068 ISBN 1-58053-265-9 Cover design by Igor Valdman © 2002 ARTECH HOUSE, INC. 685 Canton Street Norwood, MA 02062 All rights reserved. Printed and bound in the United States of America. No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the publisher. All terms mentioned in this book that...
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