Essays on Forwards

Income Tax Accounting

Income Tax Accounting

According to IAS 12, deferred tax asset is used to describe an asset that will minimize the amount of tax that a firm wishes to pay in a future accounting period. In the future, it can be used as a write off element when the next tax period is projected to produce increased earnings. The IAS 12 offers that the difference in tax bases for an asset and deductible temporary difference is what creates a deferred tax asset. It implies that the future cash flows are significant. The taxes are usually plowed back into the business ...

1. Introduction: Concussion occurs from traumatic injury to the brain and results in a temporary disruption of brain function or loss/altered consciousness for a short period (Moser, 2012). Concussion is common in contact sports, where there is a collision between players. It is expected to have an adverse cumulative effect on the persons cognitive and mental functioning (Moser, 2012). With course of time, this could adversely affect once athletic career. Identifying incidence of concussion in a particular sport, will help to determine risk and initiate preventive measures. Rugby is a full body contact sports and there are high chances ...

Some can touch the ball with their hands while some cannot. Some can get yellow cards while others can get red. Some always run and are never involved; others cannot cross the line and only wave their flags. What are these words about? Obviously, they are about a wonderful game of soccer. It is truly the Earth's national game. It gathers many millions before their televisions or computers and gets the stadiums full to the rim. It leaves calm very few and can make the most modest and polite people rage and burst the emotions in their support for ...

Currency Hedge

Over the few decades, the financial markets have seen explosion in the derivative markets. Even though notable investors such as Warren Buffet has called derivatives as the weapon of Mass Destruction’’, still, derivatives accounts for a market worth trillions of dollars as companies around the world use these instruments to hedge their risk exposures. Below we have discussed three traditional derivative instruments and how they are used by the companies to hedge their foreign exchange exposure:

Currency Forwards:

Currency Forwards are the derivative contracts as part of which, one party agrees to buy a predetermined amount of one currency for a ...

[Subject/Course] [Submission Date]

In the present era influenced by ideological and social revolutions, the rapid growth of technology has enabled social media to interconnect the minds of individuals with no need of their physical presence. This kind of innovative communication method is gradually changing the way we interact with others thus nurturing a new form of community called virtual community. Currently, Sina Weibo is an extremely popular social media website in China. By the third quarter of 2015, this micro-blogging site had 222 million registered users and 100 million daily active users. Sina Weibo gathers a lot of posted ...

INTRODUCTION

A small business network lacks external support from corporate entities and as such, should be straight forward and easy to manage. In this network design, we are going to adopt a simple strategy that will follow the simplest strategies to achieve the desired results. In this billing business, only a single employee is available to troubleshoot, diagnose and maintain computers. The network comprises modest computing and networking resources and a dozen or fewer computers, printers and servers. The network should allow member of the business to share files, printers, and other peripherals on a single LAN. The small office LAN is managed by a ...

Introduction

In a classic financial world as predicted by Modigliani and Miller (M&M), the risk management should be irrelevant. When there are no information asymmetries, taxes or transaction cost involved, hedging will not add any value to a firm because shareholders or companies can diversify their portfolio in such a way that their overall risk will be totally hedged (Lin and Chang 2006). However, the real world is far from the Modigliani and Miller model. In practice, we see imperfections in the financial market. This imperfection may actually create a rationale to reduce the volatility of earnings for a firm through hedging.

Many empirical ...

Business Management

Event 1: Rising fuel prices: The constant sorrow of the airline industry

The consistent volatility in oil prices has been a serious concern for airline companies now. Although the mid-east crisis seems to be solved now and oil prices have now returned to a more sustainable level with the current market prices hovering around $105-106/ barrel, however, the upside-downside trend in the oil prices has endowed an unwanted pressure on profitability of airline companies. The issue is not about higher or lower price, but relating to the rate at which they increase or decrease as the airline company has to set ...

International Finance Management

Reference list . Introduction Increasing participation in international trade exposes companies to the exchange rate risk. That owes to the possible loss of value in the amounts that are to be received for exports or the increase in the amount that has to e paid for imports. In that respect, companies need to apply strategies to manage the risk through various available techniques. In that view, this report presents a demonstration of those techniques’ application with reference to a company involved in payments and receipts of foreign currency. The report presents an analysis of the forward, swap arrangements and futures ...

Introduction

Globalization and other factors are driving international businesses and trade. In that respect, multinationals are increasingly becoming subject to factors that are not only born in their home country, but also from host countries as well as markets within which they sell their products. One such factor is the exchange rate that determines the value of the payments that exporters receive for their international sales as well as the value those importers pays for their purchases from foreign markets. In that view, it is becoming crucial for managers and business leadership to establish suitable strategies for managing the risks ...

Assignment 1: Press Release

Assignment 2: Discipline Decision 1. Do you discipline the coach at this time? If so, how? Post the arrest of the coach of the football and after his abusive nature coming to the limelight, it becomes imperative that I should be looking into first discipline the coach. It is well said that a team follows their leader and the similar situation was seen in the case of the State University. Team member knew that the coach will not be looking into correcting them, hence they kept on going with their brawls. As the Coach has pleaded not guilty ...

“Hey, where’s the bread? I told you to get it yesterday!” yelled my elder brother at me. It was the same miserable morning that had greeted me for the past many years. It was as if every morning, my misery looked down upon me with a smirk and whispered, like the movie character Mask, “Somebody stops me!” I grabbed the money from the shelf, thrown to me like a bone is thrown to a dog and left my house in search of the ever-needed bread. Usually, my journey to the bakery is very uneventful. However, that day, the monotony was ...

Abstract

This paper is on the topic of currency hedging as part of Global Financing and Exchange Rate Mechanisms. The first section of this paper will discuss the use of Currency Hedging in global financial operations. The following section of this paper will describe the importance of currency hedging in management of risks. The final section of this paper will conclude with the basic understandings of currency hedging and its understandings.

Introduction

Currency hedging is done by entering in a financial contract for protecting expected, unexpected or anticipated change in the currency rates. Businesses and financial investors use Currency Hedging for eliminating ...

Accounting plays a vital role in today’s automated world. In order to improve the efficiency, there have been some major changes in the field of accounting during the past few years. McCarthy (1982) suggested a substitute approach in order to represent accounting information. Instead of concentrating on debits and credits, which neglect some essential data about economic events, he proposed to present the detail about every resource in the firm’s control, the events that bring a change in the amount of these particular resources, and the agents who are a part of these events (‘The Resources, Events, and Agents (REA) Approach’). ...

Introduction

The concept of shared resources among computing machines was initially introduced during the late 1980s and the early 1990s. Organizations used to work on mainframe centric systems before then. With time, the platform shifted to distributed client server systems. The client server model experienced popularity due to the fact that it made collaborative computing easier, manageable and practical. Additionally, the model also cut costs for organizations since it was cheaper than the older systems. In a computer network, there are two or more computers or devices that share resources with each other. Organizations and individuals deploy different types of ...

Martin Luther King’s speech “I Have a Dream” delivered on the 28th of August 1963, at the Lincoln Memorial, Washington D.C. was all about values and equality. Jr. King talked about the American Dream and how every person, despite the color of their skin, are entitled to taste the American Dream and have a place in a society where blacks and whites are not far apart. He certainly made a great impact to the world with his speech, given that, today, he is the one and only individual, of all the numerous great men in the American History, that is given his ...

Introduction

Global events threatening security of huge numbers of people are recognized as important triggers for introducing changes to the systems of international and national law, so that in the future similar events can become preventable. The brightest example to confirm this thesis is introduction of the UN system and development of international humanitarian and criminal law after the World War II, which was associated with lots of events, which are currently being classified as crimes against humanity, genocide and war crimes. Apart from influencing the international law, World War II had variety of implications on different spheres of life ...

An amendment refers to a change that can be added to the Constitution or a change to an older version. Amendments are made due to the changing society and or when some parts of the government overstep its boundaries. The constitution provides that an amendment may be proposed either by a majority vote of two thirds by the congress in both houses of the senate and representatives or by a constitutional convention called for by two thirds of the state legislatures, though none of the 27 amendments to the constitution have been proposed by constitutional convention. This amendment is proposed in the ...

The ability for the federal government to issue patents is governed by the United States Constitution, Article 1, Section 8, Clause 8, “The Congress shall have the power . . . to promote the progress of science and useful arts by securing for limited times to . . . inventors the exclusive right to their . . . discoveries” (1787). Although recited in the powers of Congress, the right to issue patents has been delegated to an administrative agency within the Commerce Department, the United States Patent and Trademark Office (USPTO, 2013). The ultimate enforcement of patents is overseen by the federal and state judiciary, through a system of ...

Introduction

The free throw shot is arguably the single most important shot in a game of basketball. Close to twenty percent of all the points in the National Collegiate Athletic Association division one basketball are scored by score throws. The free throw is especially more important late in a basketball game. This is because the free throw accounts for a significant percentage of the total point scored in the last five minutes and the first thirty five minutes of a basketball game. This applies for both the losing and winning teams. ‘Theoretically, the free shot should be the easiest shot to make in a game ...

I pushed open the gate to the manor house and stepped onto the pathway. The wind was howling through the trees; the storm made the rugged English moors even more menacing than usual. I glanced down at the piece of paper I was holding and read, once again, the address on the front. I was definitely in the right place. Madeline was here somewhere.

I walked forwards up the stone pathway. The manor house was more like a castle, with stain glass windows and imposing turrets sticking up into the night sky. I couldn’t see any lights on inside ...

It’s Time

I enjoyed this story for its suspense and the sense of the unknown. I particularly liked your use of first person narrative in the present tense. This choice enables readers to become as close as possible to the protagonist and to witness events as they happen in real time.

I think you could do with putting in some elements of physical description into the characters. At the end of the story, I still had no idea what anyone’s face looked like. I think this is important in a story, like this one, where sympathy for the characters is vital. ...

The article, entitled: “Iraq to hold first human rights film festival” and dated, “12:07 February 15, 2012”, was published on the Gulf News website (Gulf News). The article discusses news that the Iraqi Association for the Support of Culture and Independent Film & Television College, has released information about the first Iraqi film festival, devoted to the promotion of human rights, that will be held between February 26th and 28th. The festival will focus on films that discuss three central areas of interest: violence and discrimination against women, children’s rights, and freedom of thought and expression (Gulf News). It ...

Introduction

The subject about time and how time travels is really very fascinating. What is time? What is time travel? Is time travel really possible? We naturally know what time is since we sense it every day but we cannot seem to completely define it. The question of time travel is also very hard to answer. A deeper question is to ask if time is real. Another is to know if time just moves into one direction only. Does time have a beginning or an end? Up to now, we have never truly answered these questions with great satisfaction. By merely ...

Task

Compare the corporate form of organization with the sole proprietorship and the partnership.

Describe the principles dealing with ways of creating value and economic efficiency

The major principles include comparative advantage and absolute advantage. Comparative advantage is the ability of a country to produce a particular commodity in a more efficient way than other countries. Countries that have modern machinery are likely to produce machine intensive products than other countries. Absolute advantage is the ability of a county to be able to produce a particular commodity that other countries do not produce. For instance, a country that is endowed with a unique mineral that is not produced by other countries can be said to have absolute advantage ...

Analysis Section

A. Roles

a. Johari Window – This activity encouraged me to think about myself in positive terms only and allowed me to review who I am without fear of sounding arrogant. I chose the words brave, friendly, happy and caring to describe me in terms of words that will be known to others as I regularly show these qualities to my loved ones and peers. In the ‘not known to others’ box, I chose the words nervous and giving. The former of these is a word which I endeavour to not show too often as I’d prefer people to see ...

Q1 .What are the main arguments put forwards by Jensen in the paper, i.e. what is it about?

In Jensen’s paper “Value Maximization, Stakeholder Theory, and the Corporate Objective Function,” he discusses the aforementioned concepts in detail, discussing how they are applicable in the workplace world (if at all). Mostly, Jensen deals with just how viable these theories, as presented, are for workplace use, and how easy they are to replicate in individual offices. His overall thesis is that, due to the fact that you can only maximize productivity in one dimension at a time, you must choose one objective function to emphasize as you modify behavior around your office. It is the role of the managers ...