...1. To find and discuss quantitative information concerning the economy--for example, term structure of interest rates, GDP growth, inflation, etc. In inflation news, Ben Bernanke, the Federal Reserve Chairman, expects the monthly $85 billion Quantitative Easing (QE) purchase of assets to taper off by the end of 2013 (“Global Economy”, 2013).The tapering of QE in the United States is causing major concerns because this affects emerging market currencies. Currency in other countries is hitting a low. This markets have reacted rather quickly to their sliding currencies. Economists contend the severe reaction by investors has been unwarranted (“Global Economy”, 2013). A reduction in the pace of asset purchases by the Fed should be evaluated in the context of the nearly $3.5 trillion of assets already held on the Fed’s balance sheet and its ‘forward guidance’ on the main reserve rate (“Global Economy”, 2013). The Fed has consistently said that interest rates will not rise if unemployment is above 6.5%, and if inflation remains under control. With the unemployment rate moving at its current pace the unemployment target is unlikely to be reached until early 2015 (“Global Economy”, 2013). However it does look like the Fed is at the beginning of a path back toward operating normal monetary policy that could take as long as 5 years (“Global Economy”, 2013) . The Fed is not being pushed to consider tightening, mainly because of developments in the U.S. labor market and because...
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...Discussion1 Is Fast Eddie required to accrue a liability as of March 31, 2011, financial statements related to the ongoing government investigation? If so, how much? Yes. Fast Eddie is required to accrue a liability of $3.7 million. Subsequent Events are Events or transactions that occur after the balance sheet date but before financial statements are issued or are available to be issued. There are two types of subsequent events: a. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements (that is, recognized subsequent events). b. The second type consists of events that provide evidence about conditions that did not exist at the date of the balance sheet but arose subsequent to that date (that is, nonrecognized subsequent events). According to ASC 855-10-25-1, an entity shall recognize in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. An example of recognized subsequent events is that if the events that gave rise to litigation had taken place before the balance sheet date and that litigation is settled after the balance sheet date but before the financial statements are issued or are available...
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...Coping with Continuous Change in the Business Environment CHANDOS KNOWLEDGE MANAGEMENT SERIES Series Editor: Melinda Taylor (email: melindataylor@chandospublishing.com) Chandos’ new series of books are aimed at all those individuals interested in knowledge management. They have been specially commissioned to provide the reader with an authoritative view of current thinking. If you would like a full listing of current and forthcoming titles, please visit our web site www.chandospublishing.com or contact Hannah Grace-Williams on email info@chandospublishing.com or telephone number +44 (0) 1993 848726. New authors: we are always pleased to receive ideas for new titles; if you would like to write a book for Chandos, please contact Dr Glyn Jones on email gjones@chandospublishing.com or telephone number +44 (0) 1993 848726. Bulk orders: some organisations buy a number of copies of our books. If you are interested in doing this, we would be pleased to discuss a discount. Please contact Hannah Grace-Williams on email info@chandospublishing.com or telephone number +44 (0) 1993 848726. Coping with Continuous Change in the Business Environment Knowledge management and knowledge management technology ANTONIE BOTHA DERRICK KOURIE AND RETHA SNYMAN Chandos Publishing Oxford · England Chandos Publishing (Oxford) Limited TBAC Business Centre Avenue 4 Station Lane Witney Oxford OX28 4BN UK Tel: +44 (0) 1993 848726 Fax: +44 (0) 1865 884448 Email:...
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