Interest Rate Swaps: Is Current Disclosure Sufficient?

Interest rate swaps are becoming increasingly popular in financial markets today. Due to this increase in use, it was necessary for the Financial Accounting Standards Board and the Securities and Exchange Commission to regulate the disclosure of these financial derivatives. Although several pronouncements from both of the previously mentioned governing bodies have been released over the past few years, these minimum requirements do not fully present a company's financial position concerning their use of interest rate swaps. Since most publicly held companies are only meeting the minimum requirements, there are many third party users that are not given full disclosure. The purpose of this paper was to describe the current accounting standards set forth by the FASB and the SEC, to summarize the fundamental decisions of the FASB Exposure Draft, to provide some sample disclosures ITomcompanies annual reports, and finally to recommend improvements that will increase third party user's knowledge of a company's interest rate swap position.B.S. (Bachelor of Science

The performance of steers fed fattening rations representative of the years 1970, 1935, and 1900

The purpose of this experiment was to compare the feedlot performance and carcass characteristics of steers when finished on a ration representative of the years 1970, 1935, and 1900. Twenty-nine Hereford calves with an average initial weight of 714 pounds were involved in the experiment at the University of Tennessee\u27s Knoxville Experiment Station. Three treatments (1) a ration representative of the year 1970, (2) a ration representative of the year 1935, and (3) a ration representative of the year 1900 were used in the study. The results indicated that feedlot performance was significantly influenced by treatments. The 1970 ration had significantly larger final weights and average daily gains. Also, average daily gain for the 1935 ration was significantly greater than daily gains for the 1900 ration. Carcass performances were also significantly affected by treatments. Carcass weights, U.S.D.A. grades, marbling scores, and carcass fat thickness were significantly larger for the 1970 ration than for either of the two remaining rations. Likewise, carcass fat thicknesses of the steers fed the 1935 ration were significantly greater than carcass fat of steers fed the 1900 ration. Returns over initial and feed costs were found to be greater for the 1970 ration than either the 1935 or 1900 ration. Returns for the 1900 ration were lowest for all three treatments. Therefore/ it may be concluded that the 1970 ration is a superior quality ration for fattening steers than the other two rations

Morus alba L.

https://thekeep.eiu.edu/herbarium_specimens_byname/19872/thumbnail.jp

Viola sagittata Ait.

https://thekeep.eiu.edu/herbarium_specimens_byname/20673/thumbnail.jp

Parthenocissus quinquefolia (L.) Planch.

https://thekeep.eiu.edu/herbarium_specimens_byname/19452/thumbnail.jp

Acer negundo L.

https://thekeep.eiu.edu/herbarium_specimens_byname/21562/thumbnail.jp

Vitis riparia var. syrticola (Fernald & Wiegand) Fernald

https://thekeep.eiu.edu/herbarium_specimens_byname/19453/thumbnail.jp

Viola sororia Willd.

https://thekeep.eiu.edu/herbarium_specimens_byname/20724/thumbnail.jp

Verbena hastata L.

https://thekeep.eiu.edu/herbarium_specimens_byname/18890/thumbnail.jp

Claytonia virginica L.

https://thekeep.eiu.edu/herbarium_specimens_byname/20835/thumbnail.jp