I. INTRODUCTION Existing textbooks of econometrics, including several that are excellent in most respects, are marred by a surprising and rather disturbing omission relating to simultaneous equation estimation. Ever since the publication of Haavelmo's classic papers (1943, 1944) on simultaneous equation analysis, a central ingredient of the subject of...
This paper presents an efficient and robust approach in the finite element framework for numerical solutions that exhibit multiscale behavior, with applications to singularly perturbed convection-diffusion problems. The first type of equation the paper studies is the convection dominated convection-diffusion equation, with periodic or random coefficients; the second type of...
A financial equation for stock option valuation developed by Bill Scott of Science Applications International Corporation is given. The equation treats employee stock options in terms of their share value for accounting purposes, rather than the traditional valuation method, which treats them more like a cash bonus. Stock options only...
The paper explains the behavior of inflation in Georgia in the post-stabilization period. A long-run equation linking prices to money and the exchange rate, as well as a short-run, dynamic equation for inflation are estimated. The inflation equation is stable, points to a dominant role of the exchange rate in...
The paper presents empirical evidence based on the U.S. Consumer Expenditure Survey that accounting for limited asset market participation is important for estimating the elasticity of inter-temporal substitution. Differences in estimates of the EIS between asset holders and non-asset holders are large and statistically significant. This is the case whether...
In classification ratemaking, the multiplicative and additive models derived by actuaries are based on two common methods; minimum bias and maximum likelihood. These models are already considered as established and standard, particularly in automobile and general liability insurance. This paper aims to identify the relationship between both methods by rewriting...
Accounting is defined as a process of identifying, measuring, and communicating economic information to permit informed judgments and decisions. Accounting can be divided into three categories viz. financial, managerial, and cost accounting. The three types of accounting procedures perform different functions at different level of organizations. The paper throws light...
Accounting is an essential tool for measuring the economic status of companies and analyzing their worth. There are different types of accounting procedures viz. financial and managerial accounting. The two differ from each other in their functions. Experts suggest that a managerial accounting involves dealing with internal financial condition. On...
As the Financial Accounting Standards Board FASB continues to march toward fair value accounting and away from historical cost accounting, it's a good time to consider the flaws of fair value accounting. Enron's demise, after all, has been partially blamed on fair value accounting. In addition, it has been suggested...
The Revised Universal Soil Loss Equation RUSLE has been touted as the replacement soil loss prediction technology for the older Universal Soil Loss Equation. It is shown that both temporal and spatial scales have to be taken into account if RUSLE is to be applied in geomorphic research. Environmental conditions...
NORWALK, Conn. -- The Financial Accounting Standards Board FASB has issued Statement No. 154, Accounting Changes and Error Corrections, a replacement of APB Opinion No. 20 and FASB Statement No. 3. The Statement applies to all voluntary changes in accounting principle, and changes the requirements for accounting for and reporting...
The Libyan Equation LIKE ANY major political initiative, the raid on Libya must be assessed within multiple fields of force-- in terms, that is, not only of its efficacy in attaining immediate goals but also of its secondary and tertiary effects. A few considerations: 1. The...
This paper presents a simple, intuitive approach to asset valuation in terms of marginal contributions to the characteristics moments of the market portfolio. Considering only the first two moments, mean and variance, the valuation equation is shown to correspond to Sharpe's CAPM.A risk-neutral pricing formula is easily derived, showing the...
The Revised Universal Soil Loss Equation RUSLE is a practical and increasingly popular choice to provide soil-loss estimates in the preparation of environmental impact assessments, reclamation plans, and post-reclamation site evaluations for land subjected to mining and construction. A factor-by-factor comparison of the Universal Soil Loss Equation USLE and RUSLE...
Sage Software today announced the availability of the Simply Accounting by Sage 2007 product line, Canada's number one selling(1) small business accounting software, which includes Simply Accounting Entrepreneur, Simply Accounting Basic, Simply Accounting Pro, Simply Accounting Premium with Support and Payroll Services and Simply Accounting - Accountants' Edition. With...
NEW YORK -- EquaTerra, a multi-national outsourcing and insourcing advisory firm, today announced EQuation HRO, a membership-based service specifically designed for buy-side HR executives. Responding to an information gap in the marketplace, EQuation HRO provides members with outsourcing-focused data, benchmarking and performance metrics. Additionally, members have access to custom advice,...
Plaque dedication ceremonies were held April 25, 2003, at Purdue University in Lafayette, Ind., to dedicate the Universal Soil Loss Equation, A = R K L S C P, as the 41st ASAE Historic Landmark. The Universal Soil Loss Equation USLE was developed at the USDA National Runoff and Soil...
The article is about the basic concept that include overall area of financial as well as managerial accounting. It explains from the core concept of accounting definition. The purpose of financial accounting and reporting by state and local governmental entities is to accumulate and provide information to facilitate decision making...
AS PART OF A CONVERgence effort with the International Accounting Standards Board, the U.S. Financial Accounting Standards Board FASB recently issued Statement No. 154, Accounting Changes and Error Corrections, which changes the requirements of accounting for, and reporting of, a change in accounting principle. [ILLUSTRATION OMITTED] Statement 154,...
