as the gross domestic product (GDP). Although different in view of how the green accounting, and the technology is used worldwide. Green accounting has many purposes. First, the aim is to use an isolated and elaborate on each of the environmental flow and also to the traditional securities account. By doing so, it can provide an estimate of the total expenditures for the protection of the environment, and the gross domestic product can counter with defensive expenditures. The second purpose is the
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* Elected by shareholders * Ultimate decision-making authority * CEO: Typically delegated day-to-day decision making by Board * CFO (financial manager) * Reports to CEO * Investment decisions, financing decisions, cash management * Goal of firm to maximize shareholder value Ethics and Incentives * Agency problems: Managers may act in their own interest rather than best interest of shareholders * Use options or
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schematic diagram of the goal of shareholder wealth maximization? Q-10 What is the rational for the goal of shareholder wealth maximization? Q-11 Discuss the weakness found in capital budgeting system in practice? UNIT-2 Q-1Describe briefly the general sources of secondary information available in India. Q-2 Discuss the key step in sample survey. Q-3 How would you characterize the market. Q-4What aspects are considered in technical analysis? Q-5 List the key issues to be covered in a technical collaboration
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planning and managing of a firms investment in non-current assets. The main thing is the cash flow. Evaluating; * Size of future cash flows * Timing of future cash flows * Risk to future cash flows. Cash flow timing is when a dollar today is worth more than a dollar at some future date. There is a trade-off between the size(amount) of an investements cash flow, and when the cash flow is recieved. So a dollar today, is more worth than a dollar a yeat from now. * The
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funds (equity) or borrowed money (debt) • Returns on projects should be measured based on cash flows generated and the timing of these cash flows; they should also consider both positive and negative side effects of these projects. n n Choose a financing mix that minimizes the hurdle rate and matches the assets being financed. If there are not enough investments that earn the hurdle rate, return the cash to stockholders. • The form of returns - dividends and stock buybacks - will depend upon
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Financial Statements and the Environments of Financial Reporting Accounting: The Language of Business | Relationships Among Financial Statements | Classifications in a Balance Sheet | Income Statement, Statement of Retained Earnings, and Statement of Cash Flows | GAAP and Key Accounting Principles | Balancing the Accounting Equation Accounting: The Language of Business Back to Top Do Not Underestimate the Power of Accounting! I vividly recall my first experience driving in a foreign country. The road
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system, security markets and financial intermediaries that arrange financing, and derivative markets and financial institutions that provide access to risk management instruments. It does so by transfer of various economic units. Goldsmith, R.W., The Flow of Capital funds in the war Economy, New York, Columbia, 1965, p.28 – designated various economic units into three categories; (i) Savings-surplus units> those units whose savings are in excess of investments, (ii) Economic Units> in whose case the
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CHAPTER 23 Statement of Cash Flows SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 23-1 |Cash flows from investing activities | | | Sale of land |$ 180,000 | | Purchase of equipment
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Assets=Liabilities +Stockholder’s Equity Cash Flow From Firm’s Assets=Cash Flow to Creditors + Equity Investor →CF(A)=CF(B)+CF(S) 一、 CF(A)=Operating Cash flow (OCF)-CAPEX-△NWC 1) OCF（看income statement）=EBIT + Depreciation -Tax paid EBIT=Revenue-Cost-Depreciation Tax=(EBIT-interest)*tax rate Earnings per share=Net income/total share outdating’s Dividends per share=Dividend/ total share outdating’s 2) CAPEX定义：Acquisitions-Sales of fixed assets 是out flow 需被finance CAPEX=△Total fixed assets+△accumulated
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Core Marker’s Comment Sheet Course Name: Advanced External Auditing (AU2) Assignment: 1 Modules: 1 and 2 General Comments If you have any comments or suggestions for improvements of these marker’s comment sheets, please forward them to your marker or CGA-BC. Your feedback is important to us. PLEASE NOTE FOR SUBSEQUENT ASSIGNMENTS AND EXAM PURPOSES When answering assignment (and examination) questions, students should carefully read the requirements of the question. Marks are
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