The main contents of the chapter consist of the following: Structure of a project monitoring information system, the project control process, monitoring time performance, development of an earned value cost/schedule system, developing a status report: a hypothetical example.
Financial markets play a major role in allocating wealth and excess savings to productive
ventures in the global economy. This extremely desirable process takes on various
forms. Commercial banks solicit depositors’ funds in order to lend them out to businesses
that invest in manufacturing and services or to home buyers who finance new
construction or redevelopment. Investment banks bring to market offerings of equity
and debt from newly formed or expanding corporations.
I will be putting my entire second edition online, while the book goes through the printing process – it will be available at the end of the year. This may seem like a bit of a free lunch, and I guess it is. I hope, though, that you can do me a favor as you go through the manuscript. If you find any mistakes – mathematical or grammatical – could you please let me know? It would help me ensure that the typos do not find their way into the final version.
The success or failure of a business is measured in dollars. And
dollars are recorded and reported using accounting. Accounting
is truly the language of business. No matter what your role
may be, if you are involved in business, you can benefit from
learning accounting. That’s what this book is all about—taking
the subject and making it understandable and accessible.
Thesecurities industryworldwide is constructedupon the
quicksandof self-delusionand socially-acceptable
confabulations. These serve to holdtogetherplayers and
agents whose interests areboth disparate and
diametricallyopposed. In thelong run, thesecurities
markets arezero-sumgamesand the onlypossible
outcome is win-lose.
Thefirst "dirtysecret"is that afirm's market
capitalizationoften stands in inverseproportionto its
value and valuation(as measured byanobjective,neutral,
disinterestedparty). This is trueespeciallywhen agents
(management) arenot also principals(owners). ...
In some cases, being wherever the consumer is means selling products to them when they are ready to
buy. As CG companies continue their experimentation with direct-to-consumer sales—through their own
online storefronts or social media—they will need to start thinking more like the retailers with which they
have long partnered.
This shift in mindset will require changes in the marketing mix to accommodate increased investments
in social media, mobile and other digital channels.
Bushman, Chen, Engel, and Smith (2000) extend this
research to consider a larger range of governance mechanisms.
The governance mechanisms considered include board
composition, stockholdings of inside and outside directors,
ownership concentration, and the structure of executive
compensation. They conjecture that to the extent that current
earnings fail to incorporate current value-relevant
information, the accounting numbers are less effective in the
These amounts can be sizable for some products and in some situations (such as during an
economic expansion for audit premium or after a major catastrophe for reinstatement premium).
Therefore, delaying recognition of this revenue until the premium is charged could result in
distorted earnings reports.
How can they be reflected in revenue, when their amount, timing and/or assignment to individual
policies is uncertain? One way is to record as written premium an estimate of their amount.
Approximately 80% of a Project Manager’s time is spent communicating. Think about it – as a
Project Manager you are spending most of your time measuring and reporting on the
performance of the project, composing and reading emails, conducting meetings, writing the
project plan, meeting with team members, overseeing work being performed, meeting with
clients over lunch and many more activities related to your projects.
You should give considerable thought to how you want to manage communications on this
Older, larger firms in particular can raise both their earnings and their output while
cutting jobs. One way is by trimming layers of bureaucracy that have accrued over the
years. Some big companies grow by acquiring other companies, and they may seek
economies of scale by consolidating the engineering or administrative staffs.
The dimension of the stock price-inflation puzzle that generated the greatest sustained
academic interest, however, was the apparent negative relation between expected inflation and
subsequent stock returns. The explanation that garnered early support was known as the “proxy
hypothesis”. First articulated by Fama (1981), this hypothesis held that (i) a rise in inflation
augurs a decline in real economic activity; and (ii) the stock market anticipates the decline in
corporate earnings associated with this slowdown.
Latinas have the second highest teen pregnancy rate (17%), a rate
that is almost twice as high as that of white teens. Factors leading
to higher teen pregnancy rates among Latinas include lower rates of
contraception use and limited knowledge concerning sexuality issues
and birth control methods.
The consequences of teen pregnancy for
young Latinas can be considerable; few teen mothers are able to earn
a high school diploma or ﬁnd a job that pays a living wage.
You can earn a maximum of four credits each year. In 2010, the amount earned to accrue one
credit was $1,120. This amount changes annually. Therefore, to earn four credits in 2010 you
would need to earn a minimum of $4, 480. If you operate a home-based business while living
overseas, you will need to file and pay your self-employment tax which will include a Social
Security and Medicare payment. All credits earned will remain in your Social Security Account,
even through years when you are not working or contributing. You can only earn...
We can see by the responses above that the participants did not aspire to high earnings,
possibly because they do not have a sense of how much money is required to earn a
living wage, and/or because they have grown up in poverty. The latter two respondents
have a sense of the connections between earning and living standards. The gap in
knowledge around earning capacity could be one starting place to help young women
assess how much they need to earn in order to attain a living wage. The need for
economic literacy is starkly apparent from the responses above....
The research objectives are investigating and analyzing the determinants of financial statement quality by the measuring earning quality of companies listed on stock market - evidence in Vietnam. On the basis of the above information, some recommendations are proposed for people who use, create and manage the quality of financial statements of companies listed on the stock market of Vietnam.
The term portfolio is composed of GSE MBS, private label MBS and commercial MBS, state
housing authority debentures, and longer-term Treasuries. These investments are also highly-
rated, although the drivers for the high ratings can be different than those for the money market
portfolio. In particular, the amount of collateral rather than quality of collateral for private label
MBS and CMBS drives the ratings. This portfolio is liquid and comparatively higher-yielding.
This study also departs from earlier research on this topic in that it focuses on survey-
based expectations. Investor cash flow projections are largely inferred from surveys of equity
analysts’ earnings forecasts, while inflation expectations are drawn from surveys of professional
forecasters. While having its own disadvantages, particularly a relatively short history, the use of
survey expectations are a direct measure of market expectations, eliminating the need to make
strong identifying assumptions on how expectations are formed.
ECTS is based on the principle that 60 credits measure the workload of a fulltime
student during one academic year. The student workload of a full-time
study programme in Europe amounts in most cases to around 1 500 to 1 800
hours per year and in those cases one credit stands for around 25 to 30
• Credits in ECTS can only be obtained after successful completion of the work
required and appropriate assessment of the learning outcomes achieved.
The existing USG investments in health in Kenya support a combination of vertical planning with
integrated programming. GHI provides the opportunity to establish a more deliberate approach to
integrated planning, coordination and measurement across the PEPFAR, PMI, and other USG
programs to ensure a comprehensive package of services without unnecessary duplication of effort
(see Appendix 1).
The topics discussed in chapter 12 are discrimination and male-female earning differentials. The main contents of this chapter include all of the following: Wages differences between men and women, methods of measuring discrimination, discrimination against women, effective policies.