Principles of Accounting Volume 2 - Managerial Accounting
Principles of Accounting Volume 2 - Managerial Accounting

Author: Mitchell Franklin

Publisher:

Published: 2019-02-14

Total Pages: 746

ISBN-13: 9781680922943

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A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

Performance Measurement and Management Control
Performance Measurement and Management Control

Author: Antonio Davila

Publisher: Emerald Group Publishing

Published: 2012-06-08

Total Pages: 504

ISBN-13: 1780529112

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In addition to the three plenary sessions, this volume contains some of the exemplary papers that were presented at the 2011 conference; representing a collection of leading research in management control and performance measurement and providing a significant contribution to the growing literature in the area.

Study Guide
Study Guide

Author: Linda Ferrell

Publisher: McGraw-Hill/Irwin

Published: 2002-02-01

Total Pages: 200

ISBN-13: 9780072469240

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Each chapter includes an outline, a recap, matching questions, true/false questions, multiple-choice questions, a skill-building quiz, and a real-world involvement case. Answers to the questions and real-world involvement are included.

Bank Profitability and Risk-Taking
Bank Profitability and Risk-Taking

Author: Natalya Martynova

Publisher: International Monetary Fund

Published: 2015-11-25

Total Pages: 44

ISBN-13: 1513565818

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Traditional theory suggests that more profitable banks should have lower risk-taking incentives. Then why did many profitable banks choose to invest in untested financial instruments before the crisis, realizing significant losses? We attempt to reconcile theory and evidence. In our setup, banks are endowed with a fixed core business. They take risk by levering up to engage in risky ‘side activities’(such as market-based investments) alongside the core business. A more profitable core business allows a bank to borrow more and take side risks on a larger scale, offsetting lower incentives to take risk of given size. Consequently, more profitable banks may have higher risk-taking incentives. The framework is consistent with cross-sectional patterns of bank risk-taking in the run up to the recent financial crisis.

Valuation Approaches and Metrics
Valuation Approaches and Metrics

Author: Aswath Damodaran

Publisher: Now Publishers Inc

Published: 2005

Total Pages: 102

ISBN-13: 1601980140

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Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.