Disclaimer: Information in this publication is correct as at 6th March 2014 however it is subject to change without notice from time to time. SGSM reserves the right to change the timetable including the scheduling or removal of classes and method of delivery. 2014 POSTGRADUATE ACCOUNTING TIMETABLE Courses Unit Number Unit Name 2686 - 2687 - 2688 - 2689 - 2691 - 2746 Course Session Day Time Room CORE UNITS 200396 Introductory Accounting GC Acc GD Acc MPA MPA Adv M Accy GC Acc GD Acc
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Memorandum to: Accounting department of family finance co. from: Daisy subject: fair value hierarchy date: december 15, 2012 Introduction Family Finance Co. (FFC), a publicly traded commercial bank, invests in a variety of securities in order to enhance returns greater than interest paid on bank deposits and other liabilities. The primary investments of FFC are collateralized debt obligation, mortgage-backed securities, auction-rate securities, equity securities in nonpublic companies, interest
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2010—Pages 93–118 Did Fair-Value Accounting Contribute to the Financial Crisis? Christian Laux and Christian Leuz I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the
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2015 1. The measurement concepts in relation to historical cost and fair value accounting. IASB framework defines that measurement is the process to determine the monetary amount of the financial statements’ elements are to be recognized and carried on the balance sheet and income statements ( IASB Framework 2010). 1.1 Historical cost Historical cost is an accounting method about the original nominal monetary value of an economic item at the time of transaction (IFRS). Under this method
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acquisition method include changes to fair value measurement, goodwill recognition, and non-controlling interests. In acquisition method, the parent company reports the net assets of the acquired company at the price that it was paid for. This price includes any cash payment, the fair market value of any shares issued, and the present value of any promises to pay cash in the future. A key point of the purchase method is that the parent consolidates the book value of all the subsidiary’s assets
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concerning the reporting of items under IAS 39, between and within the two companies, for 2009 and 2010. Further, this report will examine the controversies which have led to the establishment of IAS 39 fair market value procedures, and will investigate the differences between the reporting under IAS 39 (Fair value procedures), and its equivalent under US GAAP, SFAS 157. “The introduction of IAS 39 was aimed at bringing more visibility to financial statements users with regard to the accounting and disclosure
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mind. What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed? The steps taken to move fair value measurement for financial instruments are: 1) disclosure of fair value for information in the notes. 2) fair value option which permits but does not require companies to record some types of financial instruments at fair values in the financial statements. The approaches differs in both boards facing
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portion of the downward shift in principal transactions revenues is actually explained by unrealized losses of $US 1.6 billion in the first semester of 2008 vs. unrealized gains of $US 200 million in the first semester of 2007. Thus, accounting at fair value for some financial assets amplified Lehman's downward earnings performance. Hence, it can be put forward that FVA, through its magnifying impact on earnings volatility, may have contributed to aggravate investors', regulators' and governments' perceptions
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Chapter 10 Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor, we have labeled each question, exercise, and problem
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valuation technique used by FFC c. The classification in the fair value hierarchy for each input into the fair value measurement and how these classifications affects classification in the fair value hierarchy of the entire instrument. We will answer these questions by each instrument separately: First, Collateralized Debt Obligation (CDO) Before September30th, 2010, FFC was in an active market, and it determined the fair value of the CDO by using a market-based valuation technique that relies
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