''Financial reporting practices are unlikely to converge globally, despite efforts to harmonize financial reporting standards, '' (adapted from Leuz, 2010).
Explain and critically discuss this statement in light of obstacles to uniform IFRS adoption across different countries and regions. Support your discussion with examples and insights from different academic studies.
In: Accounting
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You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. |
| Year | Beginning of Year Price |
# of Shares Bought or Sold |
| 2008 | $115 | 280bought |
| 2009 | $120 | 230bought |
| 2010 | $116 | 255sold |
| 2011 | $119 | 255sold |
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What is the geometric average return for the period? |
In: Finance
According to the EPA’s prospective analysis of the 1990 to 2010 period, total social benefits (TSB) associated with the CAAA of 1990 are estimated at $690 billion ($1990) and the comparable total social cost (TSC) estimates are $180 billion ($1990). Explain why these data do not communicate whether the regulations outlined by the CAAA of 1990 are efficient.
In: Economics
With so many Thai businesses closed down during, what do you think is the best way for the economy improve, and to boost productivity. Be specific with your comments about technology, human capital, labour, natural resources, and physical capital.
In: Economics
In: Economics
What possible advantages does buying an S&P Index ETF have over buying a similar mutual fund? If you could find a similar closed-end fund, what advantages or disadvantages would trading that fund have?
In: Finance
Given the following information about a closed economy, what is the level of investment spending and national saving, and what is the budget balance? There are no government transfers.
GDP: $1,000 million T=$50 million
C=$850 million G=$100 million
In: Economics
The input-output (consumption) matrix for a closed economy is given below. Solve the associated input- output model. Use r if you need a variable in your answer. [0.07 0.05 0.27] [0.17 0.48 0.19] [0.76 0.47 0.54]
In: Advanced Math
Types of Mutual Funds include the followings except
Select one:
a. Open-end mutual funds
b. Closed-end mutual funds
c. Superannuation guarantee funds
d. Exchange-traded funds (ETFs)
e. Index funds
In: Finance
A company that reupholsters furniture in fabric and style selected by the owner of the piece of furniture is more than likely an example of a:
A. process manufacturer
B. job shop
C. closed shop
D. fixed-position layout
E. continuous production facility
In: Operations Management