Von wesentlicher Bedeutung fur den Unternehmenswert ist die Kapitalstruktur des zu bewertenden Unternehmens, da diese einen wesentlichen Einfluss auf die Hoehe, den zeitlichen Anfall und das Risiko der bewertungsrelevanten Zahlungsstroeme besitzt. Die in Theorie und Praxis verwendeten Bewertungsgleichungen stellen jedoch Eigenkapital und nicht wandelbares Fremdkapital einander gegenuber. Eine explizite Auseinandersetzung der Werteffekte einer Finanzierung mit wandelbarem Fremdkapital fand bisher nicht statt. Die Arbeit schliesst diese Forschungslucke. In ihr werden in einem theoretisch geschlossenen Modellrahmen Bewertungsgleichungen fur wandelanleihenfinanzierte Unternehmen abgeleitet und anschliessend anhand numerischer Analysen plausibilisiert. Die sich ergebenden Bewertungsgleichungen bilden im Gegensatz zu konventionellen Bewertungsgleichungen das Wandlungsrisiko ab, das neben dem operativen Risiko den Wert des Unternehmens pragt.

Clinical Audit in Mental Health Towards a Multidisciplinary Approach John Riordan Central Psychology Service, Thorpe Combe Hospital, Walthamstow, UK and Darren Mockler Neuropsychology Department, King's College Hospital, London, UK Clinical audit is central to current health care reforms. Although the concept of audit is now well accepted, the key challenge is its implementation in different specialities. In the field of mental health care a highly collaborative, team-based approach is essential, and audit practice must take into account the activities of the full range of multidisciplinary professional groups in hospital and community settings. The content of this book reflects the growing need to extend the principles of medical audit to encompass clinical audit in order to meet the demands of purchasers, providers, clinicians, carers and patients. An evaluation of key areas of care such as delivery, timeliness and outcome, with an emphasis on quality, is provided. The approach to clinical audit, here, is essentially practical and case-oriented and this book will appeal to a wide audience including psychiatric services managers, consultant psychiatrists, social services care managers and community care teams, and quality assurance professionals.

Bisher wurde weder in der Fachliteratur noch in empirischen Analysen untersucht, ob der Gesetzgeber seiner ordnungspolitischen Pflicht nachgekommen ist und einen sicheren Rechtsrahmen fur die Sicherung der Informationsfunktion der Rechnungslegung und buchhalterischen Entflechtung im EnWG geschaffen hat und ob die erganzenden Interpretationen der Praxis nach den Kriterien der Gesetz- und Ordnungsmassigkeit akzeptiert werden koennen. Diese Untersuchung ist Gegenstand der Arbeit, ausgehend von der Hypothese, dass die gesetzlichen Regelungen sowie deren Anwendung und Auslegung in der Praxis der Informationsfunktion der Rechnungslegung und buchhalterischen Entflechtung im Wesentlichen nicht gerecht werden.

Auditing & Assurance Services, Third International Edition, takes a truly international approach to auditing and reflects the most current auditing approaches by the major international audit firms and the most recent International Financial Reporting Standards (IFRSs), International Standards on Auditing (ISAs), other IAASB standards and the IESBA Code of Ethics for Professional Accountants.

Learn the latest accounting and auditing developments affecting not-for-profits so that accountants, auditors, and financial managers can prepare financial statements with confidence. This work covers new FASB requirements and information on the latest OMB and Yellow Book developments. It features major program determination and case studies related to revenue recognition and auditing documentation and covers hot topics including: NFP financial statements Risk assessment Documentation Leases Yellow Book Major program determination Key changes GASB updates including GASB Statement No. 91, Conduit Debt Obligations AICPA activities including changes to the auditor's report FASB updates including revenue recognition, grants and contracts, updating the definition of collections, and implementation issue surrounding the financial reporting standard Federal government activities including updates to the Compliance Supplement and proposed changes to the Uniform Guidance

For courses in financial management. Mastering the fundamental concepts of financial operations Using tools, making connections, and studying for success, are the three learning skills that students will gain in Financial Management: Core Concepts. An ideal resource for non-finance students, this book discusses the key elements of financial operations. The book and support materials encourage students to build their skills and test their knowledge by forging connections between ideas and applying them to real-world situations. Using the latest financial data available, the 4th Edition, Global Edition, makes finance interesting and accessible to students by relating it to their personal experiences and exploring this field across all disciplines.

Establish a strong foundation in the accounting fundamentals that you need to succeed with Warren/Jones/Tayler's FINANCIAL AND MANAGERIAL ACCOUNTING, 15E. This leading book's business examples provide a meaningful context as they demonstrate how each chapter's content fits into the big picture. The authors clearly connect fundamental accounting concepts to real businesses today. For example, each chapter begins with a real-world company opener that is linked to applicable content throughout the chapter. In addition, new Certified Management Accountant (CMA) exam questions prepare you for professional success, while Pathways Challenges help you hone critical-thinking skills. This edition also works seamlessly with online CNOWv2 resources to provide a range of activities that guide you through each stage of the learning process from motivation to mastery.

Die Dynamik in der Entwicklung des Risikomanagements von Kreditinstituten ist nicht zuletzt vor dem Hintergrund der gestiegenen Anforderungen der Bankenaufsicht unverandert hoch. Mit der im Kreditwesengesetz verankerten Prufungspflicht fur den Jahresabschlussprufer der jeweiligen Institute ist die Beurteilung der Angemessenheit und Wirksamkeit des Risikomanagements fur den Berufsstand der Wirtschaftsprufer eine besondere Herausforderung. Diese erfordert einen flexiblen, theoretisch fundierten Prufungsansatz sowie geeignete Kriterien. In dieser Arbeit werden mit Fokus auf die Zinsanderungsrisiken im Anlagebuch umfassende Kriterien fur einen hypothesengestutzten heuristischen Prufungsansatz abgeleitet, die die aufsichtlichen Anforderungen konkretisieren und zudem die Aspekte des kreditwirtschaftlichen Risikomanagements, insbesondere des Risikomanagementregelkreislaufs, angemessen einbeziehen.

Kapitalmarktorientierte Unternehmen in der EU haben ihre Konzernabschlusse seit 2005 nach den International Financial Reporting Standards (IFRS) zu erstellen. Ziel ist es, die Rechnungslegungsadressaten mit hochwertigen Informationen uber die wirtschaftliche Lage zu versorgen. Fraglich ist jedoch, ob die IFRS-Einfuhrung dies allein erreichen kann. So wird die Rechnungslegungspraxis nicht nur von Normen, sondern auch von institutionellen Faktoren beeinflusst. Anhand ausgewahlter Eigenschaften von Ergebnisgroessen untersucht der Autor vor diesem Hintergrund, inwiefern die Umstellung auf die IFRS eine qualitative Veranderung der Rechnungslegungspraxis in ausgewahlten Landern der EU erkennen lasst. Daran anknupfend geht er der Frage nach, inwiefern bestimmte Unternehmen besondere Anreize zu einer hochwertigen IFRS-Rechnungslegung haben.

Die Verwendung von Controllinginformationen in der externen Finanzberichterstattung wird als Management Approach bezeichnet. Sie hat in den letzten Jahren zunehmend Einzug in die IFRS erhalten. In diesem Buch werden das Konzept des Management Approach umfassend analysiert und anhand von zwei empirischen Studien Implikationen fur Unternehmen und fur Investoren aufgezeigt. Die Befunde zeigen Veranderungen im Arbeitsprofil und bei den Kommunikationsprozessen zwischen den beteiligten Akteuren sowie positive Auswirkungen auf die Entscheidungsnutzlichkeit der Abschlussinformationen.

Foundations in Accountancy (FIA) awards are entry-level, core-skill focused qualifications from ACCA. They provide flexible options for students and employers, and as an ACCA Approved Content Provider, BPP Learning Media s suite of study tools will provide you with all the accurate and up-to-date material you need for exam success.

A comprehensive guide to China's public, private, and internal audit system Study on the Auditing Theory of Socialism with Chinese Characteristics provides a comprehensive overview of China's auditing practices. Recent years have seen the National Audit Office of China (CNAO) making remarkable headway not only in China by guaranteeing the healthy operation of the economy and society and improving national governance through government auditing, but also in the international arena by carrying out audits with the United Nations. With constant development in the practice, an audit theory with socialist Chinese characteristics has taken shape, centering on the premise that government auditing serves as the cornerstone and safeguard of national governance. At the XXI INCOSAI held in 2013 in Beijing, the theme of national audit and national governance proposed and chaired by CNAO, was met with widespread approval by participants from over 160 countries, and led to the endorsement of the Beijing Declaration, which makes it a priority and target for audit institutions to promote good national governance. To explore the nature and development of government auditing, this book probes into the history and reality, and theories and practices of auditing in various countries, and puts forward the assertion that, as a cornerstone and important safeguard for national governance, government auditing is an immune system endogenous within the synthetical system of national governance, with functions of precaution, revelation and defense. Furthermore, China s socialist auditing theory has been elaborated in nine aspects, nature, functions, goals, features, methods, management, framework of regulations and standards, IT application and culture, covering the new concepts, methodologies, techniques and achievements of China's government auditing. This book is highly relevant, practical, and readable. Jiayi Liu, the chief author, is the Auditor General of China and the current Chairman of INTOSAI Governing Board. In 2013 he won the United Nations Peace Prize in recognition of his auditing work for UN peacekeeping operations.

The disciplines of accounting and finance have been rapidly changing in recent years. The methods and techniques now being used have created a new language for managers, students, practitioners, academics and all those who are connected in some way with business and investment activities. To understand and work within an environment that is in a constant state of flux can be challenging and this book provides a resource of information and guidance. The Guide focuses specifically on the terms used in accounting and finance. Important terms and phrases are identified but with a much longer, in-depth explanation than you would normally find in a dictionary. Not only does each entry gives a thorough explanation of each term, most entries provide two or more references to academic articles that go into much greater depth. Hence, the entries give the reader immediate access to the literature. The Guide also comments on the contribution of the articles which adds to our knowledge. This approach allows the reader to obtain a much deeper level of understanding much more quickly than is available from the usual dictionary. At the end of the book, the full reference to all the articles that have been cited in the text is given including a list of the many acronyms used in the world of accounting and finance.

Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.

Advances in Accounting Education is a refereed, academic research publication whose purpose is to help meet the needs of faculty members interested in ways to improve accounting classroom instruction at the college and university level. We publish thoughtful, well-developed articles that are readable, relevant, and reliable. Articles may be either empirical or non-empirical, and should emphasize pedagogy, i.e., explaining how faculty members can improve their teaching methods or how accounting units can improve their curricula and programs.

Foundations in Accountancy (FIA) awards are entry-level, core-skill focused qualifications from ACCA. They provide flexible options for students and employers, and as an ACCA Approved Content Provider, BPP Learning Media s suite of study tools will provide you with all the accurate and up-to-date material you need for exam success.

Mit dem BilMoG hat der deutsche Gesetzgeber das reformierte Handelsgesetzbuch gezielt als Gegenentwurf zum International Financial Reporting Standard for small and medium-sized entities positioniert. Die IFRS for SME richten sich speziell an kleine und mittelstandische Unternehmen, die auch der deutsche Gesetzgeber im Sinn hat, wenn er mit dem BilMoG das bewahrte HGB-Bilanzrecht zu einer dauerhaften und im Verhaltnis zu den internationalen Standards vollwertigen, aber kostengunstigeren und einfacheren Alternative entwickeln will. Vor diesem Hintergrund analysiert die Arbeit kritisch, ob und inwieweit der deutsche Gesetzgeber den im Kontext der Rechnungslegung relevanten Interessen und Bedurfnissen des Mittelstandes tatsachlich besser gerecht wird als die IFRS for SME. Die Beantwortung dieser Forschungsfrage erfolgt unter Ruckgriff auf die Prinzipal-Agent-Theorie.

Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.