Asset

Gestion bancaire : le modèle KMV Sommaire I Description of KMV Model 2 1.1. 1st Stage: Estimation of the asset value and the volatility of asset return……………3 1.2. 2nd Stage: Calculation of the distance-to-default…………………………………………………..3 1.3. 3rd Stage: Derivation of the probabilities of default………………………..………………………5 II Intermediate conclusion 5 III Strentghs of KMV Model 5 IV Weaknesses of KMV Model 6 Today,with the subprime’s crisis, risk management is a very important

order to conduct the routine operations of the business, management requires records showing the assets, liabilities, revenues, expenses, and the elements of owners equity. Supplementary detailed records are required for various purposes. For example records are required for payroll tax purposes, property records enable the management to keep track of the location and condition of numerous fixed assets; records showing the names and addresses of shareholders are needed for the purpose of making dividends

commence à admettre une évaluation statistique des provisions. US : provisions globales statistiques possibles si constantes et justifiées (créances à + de 3 mois tant de %, créances à + de 6 mois tant de %). ( Actifs incorporels (Intengibles assets) Sont inscrits en charges car très difficile à constituer pour une entreprise individuelle. ( Actualisation des intérêts (capitalized interests) Capitalisation des intérêts sur actifs et passifs. II – PRINCIPES D’Etablissement Des comptes

Solutions for E nd-of-Chapter Q uestions and Problems: C hapter O ne 1. What are five risks common to financial institutions? Default or credit risk of assets, interest rate risk caused by maturity mismatches between assets and liabilities, liability withdrawal or liquidity risk, underwriting risk, and operating cost risks. 2. Explain how economic transactions between household savers of funds and corporate users of funds would occur in a world without financial intermediaries. In a world without

FNB110 PORTFOLIO CHOICE THEORY CHAPTER 2 (Outline) THE ASSET ALLOCATION DECISION Individual Investor Life Cycle 1 The Preliminaries 1. Insurance a. Life Insurance – provides lump-sum benefit to the heirs upon death of the insured person. Could provide cash value also depending on the type of plan b. Health insurance – helps pay medical bills c. Disability insurance – provides continuing income should the insured become unable to work d

The eventual collection of the cash is reasonably assured. 5. Also remember that transactions giving rise to revenue should be arms-length. 4. How does a stock split affect the balance sheet? It does not change the amount in any asset, liability or SHE account. It does increase the number of shares of common stock issued and outstanding while proportionately decreasing the par or stated value of that common stock. 5. There are 2 identical firms. Firm A borrowed money to

accounting for a business combination (purchase or pooling/merger accounting), and the accounting treatment for goodwill and intangible assets acquired in a business combination. Expected timetable Exposure Drafts of amendments to IAS 22 (revised 1998) Business Combinations, IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IAS 38 Intangible Assets in December 2002 Standard in the second half of 2003 - Share-based Payment This project seeks to develop a standard on all aspects

as swelling the level of customer deposits. The average exchange rate of the Swiss franc to the US dollar in 2009 was 1.08 compared to 1.20 in 2008. Approximately two thirds of the bank's revenues are generated in US dollars. Depreciation of fixed assets amounts to CHF 1.180 million compared to CHF 0.860 million in 2008, an increase of CHF 0.320 million or 37% and corresponds to the impact of the acquisition of the office premises during the year. Valuation adjustments, provisions and losses amount

factors: assets, liabilities, and owners’ equity. Because they also show a firm’s financial condition at one point in time, they are also called statements of financial position. - Current assets: cash and assets that can be converted into cash within the year. - Accounts receivable Amounts owed to the firm by customers - Inventory Cost of merchandise acquired for sale but not yet sold - Prepaid expenses Supplies on hand and rent (other bills) paid coming period Other Assets: Fixed

+Useful Vocabulary 1 Assets: 1 Resources controlled by an enterprise as a result of past events and from which future economic benefits to the enterprise are expected to flow. 2 Everything belonging to a company or a person Ex: A company with 9 billions in assets 3 Something or someone that is useful because it or he help us succeed or deal with a problem Ex: A sense of houmor is a great asset in this business I think that Rachel would be a asset for the department 2 Liabilities: