DEFENCE OF HISTORICAL COST ACCOUNTING i. Historical cost is relevant in making economic decisions. * Ijiri present 3 reasons historical cost is relevant for making decision * It effect the evaluation n selection of decision rules. It used the past info to measures the quality of their past decisions. * Provides input for satisficing notion where some managers make decisions that will support expected or satisfactory outcome. They are consider how much has already earned rather
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Bitter Competition: The Holland Sweetner Company vs. NutraSweet (A) Jon Bain-Chekal Introduction: The worldwide aspartame market has enjoyed patent protected financial prosperity since the early 1980’s. In 1986 the world demand for aspartame was 5,730 tons annually with future projected world demand reaching 10,000 tons annually, a 75% increase over 1986 demand. The Monsanto Corporation, the current owner of the rights to manufacture aspartame, under the brand name NutraSweet (NS), reported 1986
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Time, money, scope – tradeoffs External Economy: Implications Industry Size-up * Trends in the industry (growth?) Stage of growth (prospect if start-up but low revenues, if mature there is competition and revenues grow slower, if stable cost control is important and maybe look to differentiate) * What are customers looking for? * Political, Social, Technology * Where do we fit in the industry? * Nature of industry volume or niche? Operational approach? * Types
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the recognition, measurement and other current issues in financial reporting. COURSE OUTLINE |Week |Topic |Contact Hours |Learning Levels|References | | | | | | | |1 |Historical development of accounting
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Agenda Introduction • Historical background of the company • Mobile communications market players Vision & Mission Organizational Culture • Main characteristics • Main factors affecting corporate culture • Culture levels • Culture levels Leadership Style & Management Profile Organizational Structure Change Management • Main forces • Categories and change intensity • Methodogy Agenda Organizational Image SOWT Analysis •Social Environment PEST Analysis •Task Environment
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viable alternative? 1. INSURANCE, EFFICIENCY AND EQUITY IN PUBLIC PENSIONS a) Efficiency - Any individual should achieve an efficient level of retirement income → rational insurance ⇒ a risk averse individual will buy future pensions if the net price of insurance is lower than the value given to certainty Public o private pensions? Private markets are efficient if there is perfect competition, perfect information and no other market failures. Conditions (a follow-up): 1.- independent probabilities
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overview (Ticker: BATBC BD BDT) BAT Bangladesh (“BATBC”), which is a 65.9% owned subsidiary of British American Tobacco and has a market cap of $431m, is the leading tobacco company in Bangladesh, with 50% market share, dominating the premium and medium price segments of the tobacco market (where it holds 75% market share). The brand portfolio of BAT Bangladesh includes Benson & Hedges, John Player Gold Leaf, Pall Mall, Capstan, Star, Scissors, Bristol, Pilot and Hollywood. BATBC engages in the production
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steps for a DCF are: 1. Gather information: Use historic Income, Balance Sheet & Cash Flow Statements to calculate ‘earnings’, ‘cash flows’ or any other variable you’re trying to obtain data for, 2. Generate Forecast Assumptions: based on our historical observations generate a starting cash flow range, growth rate and discount rate assumptions . . . 3. Actually forecast
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US GAAP vs. IFRS The basics March 2010 Table of contents 2 5 7 8 11 13 14 16 18 20 26 28 31 33 35 38 40 42 43 44 46 47 Introduction Financial statement presentation Interim financial reporting Consolidations, joint venture accounting and equity method investees Business combinations Inventory Long-lived assets Intangible assets Impairment of long-lived assets, goodwill and intangible assets Financial instruments Foreign currency matters Leases Income taxes Provisions and contingencies Revenue
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Liabilities: a. Financial liabilities b. Deferred tax liabilities Seminar # 1, 2 & 3 3, 4 & 5 7 8, 9 & 10 Course Contents Overview Contents 4 Equity Revenue a. Revenue recognition principles & criteria b. Customer loyalty programs c. Construction vs. real estate development Expenses a. Expense recognition principles b. Share-based payments transactions & employee stock options c. Employee benefits Seminar # 16 2 5 17 18 19 & 20 3 11 & 12 13, 14 & 15 6 21 21, 22 & 23 23 3
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