Thư viện tài liệu, ebook tham khảo dành cho học sinh, sinh viên

Risk hasn’t disappeared, it has been shifted to Fannie Mae. But Fannie Mae doesn’t keep the mortgages: Puts mortgages in pools, sells shares of these pools to investors Risk is shifted to investors. But investors get a rate of return close to the mortgage rate, which is higher than the rate S&Ls pay their depositor. Investors have more risk, b...

10 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 704 | Lượt tải: 0

Free cash flows are the cash flows that are available (or free) for distribution to all investors (stockholders and creditors). FCF = sales revenues - operating costs - operating taxes - required investments in operating capital.

37 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 684 | Lượt tải: 0

The net amount of cash inflows and outflows reconciles the change in the company’s beginning and ending cash balances. For example, assume that UBC’s net increase in cash is $9 million and the Cash beginning balance is $20 million. The cash reconciliation would be as follows

39 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 771 | Lượt tải: 0

There is another exception to retrospective application. That is when an IASB Statement or another authoritative pronouncement requires prospective application for specific changes in accounting policies: The entity is required to follow the IFRS prescribed transitional provisions when it first applies the changes in a new or amended standard. ...

42 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 831 | Lượt tải: 0

Ordinary shares issued as part of bonus issues (also known as share or stock dividends) and share splits are treated retroactively as subdivisions of the shares already outstanding at the date of the split or dividend. If shares were reacquired during the period, the weighted-average number of shares is reduced. The number of reacquired shares is ...

46 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 819 | Lượt tải: 0

Treasury shares usually do not have: Voting rights. Dividend rights. Preemptive rights. Liquidation rights. Treasury shares are reported as an unallocated reductionof total Shareholders’ Equity. Acquisition of Treasury Shares Recorded at cost to acquire. Resale of Treasury Shares Treasury Shares credited for cost. Difference between cost...

35 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 705 | Lượt tải: 0

Step 1. Use the defined benefit formula to determine the retirement benefits earned to date. $400,000 × 10 × 1.5% $ 60,000 per year Step 2. Find the present value of the retirement benefits as of the retirement date. The present value (n=20, i=6%,) of the retirement annuity at the retirement date is $688,195 ($60,000 × 11.46992). Step 3...

51 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 712 | Lượt tải: 0

The term “permanent differences” does not appear in IAS No. 12 but the concept applies in the determination of tax expense. However, IAS No. 12 specifically prohibits: The recognition of certain temporary differences that arise on initial recognition when the underlying transaction is not a business combination and that “affects neither accountin...

41 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 738 | Lượt tải: 0

Sometimes a lessee will make improvements to leased property that reverts back to the lessor at the end of the lease. Like other assets, leasehold improvement costs are allocated as depreciation expense over its useful life to the lessee, which is to be the shorter of the physical life of the asset or the lease term.

46 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 660 | Lượt tải: 0

Transaction costs include fees and commissions paid to advisers, intermediaries, regulatory agencies and exchanges, and specific taxes paid to governments Debt premiums or discounts, financing costs or internal administrative or holding costs are not transaction costs.

50 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 857 | Lượt tải: 0