When you consider a company’s internal controls, audits of fixed assets are perhaps the most routinely avoided. Audits of fixed assets are both infrequent and cumbersome. The quality of the underlying data is often out of date and, for audit purposes, difficult to use. As a result, the fieldwork becomes tedious and the reconciliation process inaccurate. Often the results are viewed with suspi…
Purpose To explore the principles of risk management and the role of insurance within these principles
“There are few areas of accounting that need improvement more than the accounting for business combinations. The current accounting literature allows two economically similar business combinations to be accounted for using different accounting methods that produce dramatically different financial results, which is confusing to investors.”
This eBook explains all of the basic accounting concepts and terminology you will need to understand the three primary financial statements that appear in every organization’s annual report and most internal monthly reports. You will learn: ● The precise definition of essential accounting terms ● The purpose of the income statement, balance sheet, and cash flow statement ● …
A second edition is always a cause for celebration. For the publisher, it confirms his hope that the product he sponsored would continue to be successful economically. For the author, the implications are even more delicious. His message has been understood, studied, and used. One could rarely ask for more from a professional thinker and a proponent ofbetter ways to think. To me the most s…
Organizations find information security and computer security require a lot of attention. As more and more of our lives and livelihoods become digital and interconnected, protecting that information naturally becomes more important. With increasing importance, these fields relate to a wider audience than the technical folks who manufacture, install, and manage computer resources. Technologists …
The main aim of this book is motivating readers on the potential of mobile clouds for implementing a large number of possible solutions needed or emerging in our present and future mobile and wireless world. Given that mobile clouds as such is a relatively new concept, a complete account of mobile cloud technology is not yet available. The goal of this book is to serve as an inspiring source …
Economic Development, Eleventh Edition, presents the latest thinking in economic development with the clear and comprehensive approach that has been so well received in both the developed and developing worlds. The pace and scope of economic development continues its rapid, uneven, and sometimes unexpected evolution. This text explains the unprecedented progress that has been made in many …
The fourth edition of the United Nations Global Assessment Report on Disaster Risk Reduction is being issued at a pivotal moment for the future of development. In 2015, the global community is aiming to adopt an ambitious set of sustainable development goals and a meaningful, universal agreement on climate change. Disaster risk reduction can play an important role in advancing these agendas th…
In this chapter, we build first a univariate and then a multivariate filtered historical simulation (FHS) model for financial risk management. Both the univariate and multivariate methods simulate future returns from a model using historical return innovations. While the former relies on portfolio returns filtered by a dynamic variance model, the latter uses individual or base asset return …
This book makes an excellent companion to any standard text, or it can be used as a stand-alone volume. It is designed to present the subject in a straightforward, approachable man- ner. Financial accounting is an incremental process. What you learn in earlier chapters is used in later ones. There are no shortcuts to learning financial accounting, but at the same time, if it is taught clearly,…
From all that I have observed throughout the years, whether as President and CEO of companies or as an industry observer, I know you can only ignore the suggestions of Pham’s book … at your own peril. And it’s a heck of a lot less money than getting this same advice from an expensive team of traditional consultants; it’s faster and easy to implement the ideas in this book; and it will h…
Abstract Measuring and managing exchange rate risk exposure is important for reducing a firm’s vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely transaction, translation and economic risks, presents the VaR approach as the currently …