HOW APPRAISERS DEVELOP FAIR VALUE

Management is responsible for its own financial decisions. If we take into account, that fair value concept was shown in financial crisis as something that does not work anymore in this way; there is a big need to develop it for the future. Non-professional readers of financial statements believe, however, that company financials are the work of the public accounting firm that had signed the audit certificate. The main reason for bringing this point up is that when companies disclose Fair Value (FV) information in their financial statements, they are taking responsibility for the values disclosed. Management may often be encouraged to utilize the services of an outside professional, but at the end of the day, the outside appraiser is a hired gun. Although the appraiser has to take responsibility for his own work, hiring the appraiser does not absolve management of its ultimate responsibility. The obverse of this is also true. Management does not have to hire the appraiser to develop any fair value disclosures made in the financial statements. Developing FV information is not recommended as a do-it yourself undertaking, there is nothing in Generally Accepted Accounting Principles (GAAP) or Securities Exchange Commission (SEC) regulations, however, that requires an outside appraiser

CREATIVE ACCOUNTING PRACTICIES IN SLOVAKIA AFTER PASSING FINANCIAL CRISIS

Fraud in economics and accounting is the practice which is adopted within the framework of accounting system or in other words taking undue advantage of loopholes of accounting system is creative accounting. In highly competitive market, it becomes very important and necessary for every business to find new and innovative ways of running the business. And one of the new ways is creative accounting. Creative accounting is an art of manipulating the books of accounts in a manner that desired results can be drawn. Aggressive accounting, cooking the books and massaging the numbers are few common terms used in context of creative accounting. Creative accounting in present uncertain environment is facilitating management to accomplish personal goals as big, well established firms followed

Emission features in a B[e] binary system V2028 Cyg

We present a preliminary analysis of our six-year observation campaign of the B[e] stellar system V2028 Cyg (MWC 623). The time variability of spectral features is described

Razine kortikosterona i biokemijskih pokazatelja u krvi štakora kao modela za streptozotocinski dijabetes: utjecaj omjera n3/n6 u hrani

The study was carried out to investigate the influence of dietary n6/n3 ratio in streptozotocin (STZ) induced diabetes on serum biochemistry and corticosterone values in blood in 15 Wistar male rats assigned into three experimental groups, two diabetic and a control group (STZ-N3, STZ-N6, CON) fed with different diets (n6/n3 ratio: ≈ 1, n6/n3 ratio: ≈60, CON n6/n3 ratio: ≈7). Significantly higher values of alkaline phosphatase (AP) and beta-hydroxybutyrate (BHB) and lower levels for triglyceride and albumin were noticed in both STZ treated groups compared to the control. The values for blood urea nitrogen (BUN) were increased in only the STZ-N3 group compared to the control (P<0.05). The values for the total bilirubin (P<0.05) and alanine aminotransferase (ALT) (P<0.05) were higher in only the STZ-N6 group compared to the control. In addition,the STZ-N3 group had lower albumin values compared to the STZ-N6 group (P < 0.001). Corticosterone values did not significantly differ among all three experimental groups indicating similar levels of stress. In conclusion, the n6/n3 ratio significantly influences blood biochemical parameters in STZ-treated rats. Nevertheless, neither the n6/n3 ratio nor blood sampling and handling influences corticosterone values, which proved the validity of the STZ-induced rodent model of diabetes mellitus in the experimental conditions described.Pokus je proveden kako bi se istražio utjecaj udjela n6/n3 u hrani na biokemijske pokazatelje i vrijednost kortikosterona u serumu štakora kojima je primjenom streptozotocina uzrokovan dijabetes. Istraživanjem je obuhvaćeno 15 mužjaka štakora Wistar podijeljenih u tri skupine: dvije skupine dijabetičara i kontrolnu skupinu (STZ-N3, STZ-N6, CON). Svaka je skupina hranjena različitim udjelom n3/n6: STZ-N3 udjelom n6/n3 ≈ 1, STZ-N6 udjelom n6/n3 ≈ 60, CON udjelom n6/n3 ≈ 7. U objema pokusnim skupinima utvrđene su znakovito više vrijednosti alkalne fosfataze (AP) i betahidroksimaslačne kiseline (BHB) te niže vrijednosti triglicerida i albumina u odnosu na kontrolnu skupinu. Vrijednosti glukoze (BUN) bile su povišene samo u skupini STZ-N3 u odnosu na kontrolnu (P < 0,05). Vrijednosti ukupnog bilirubina (P < 0,05) i alanine-transferaze (ALT) (P<0,05) bile su više samo u skupini STZ-N6 u odnosu na kontrolnu skupinu. Skupina STZ-N3 imala je nižu vrijednost albumina u odnosu na skupinu STZ-N6 (P < 0,001). Vrijednost kortikosterona nije se znakovito razlikovala među skupinama posredno dokazujući da među njima postoji slična razina stresa. Zaključno, omjer n3/n6 u hrani utjecao je na određene biokemijske pokazatelje u krvi štakora tretiranih streptozotocinom. No omjer n3/ n6, postupak uzorkovanja krvi i baratanje štakorima nisu utjecali na vrijednosti kortikosterona čime je dokazana valjanost animalnog modela sa streptozotocinom uzrokovanom šećernom bolešću u opisanim uvjetima pokusa

Effect of structure of polymers grafted from graphene oxide on the compatibility of particles with a silicone-based environment and the stimuli-responsive capabilities of their composites

This study reports the utilization of controlled radical polymerization as a tool for controlling the stimuli-responsive capabilities of graphene oxide (GO) based hybrid systems. Various polymer brushes with controlled molecular weight and narrow molecular weight distribution were grafted from the GO surface by surface-initiated atom transfer radical polymerization (SI-ATRP). The modification of GO with poly(n-butyl methacrylate) (PBMA), poly(glycidyl methacrylate) (PGMA), poly(trimethylsilyloxyethyl methacrylate) (PHEMATMS) and poly(methyl methacrylate) (PMMA) was confirmed by thermogravimetric analysis (TGA) coupled with online Fourier transform infrared spectroscopy (FTIR), transmission electron microscopy (TEM) and X-ray photoelectron spectroscopy (XPS). Various grafting densities of GO-based materials were investigated, and conductivity was elucidated using a four-point probe method. Raman shift and XPS were used to confirm the reduction of surface properties of the GO particles during SI-ATRP. The contact angle measurements indicated the changes in the compatibility of GOs with silicone oil, depending on the structure of the grafted polymer chains. The compatibility of the GOs with poly(dimethylsiloxane) was also investigated using steady shear rheology. The tunability of the electrorheological, as well as the photo-actuation capability, was investigated. It was shown that in addition to the modification of conductivity, the dipole moment of the pendant groups of the grafted polymer chains also plays an important role in the electrorheological (ER) performance. The compatibility of the particles with the polymer matrix, and thus proper particles dispersibility, is the most important factor for the photo-actuation efficiency. The plasticizing effect of the GO-polymer hybrid filler also has a crucial impact on the matrix stiffness and thus the ability to reversibly respond to the external light stimulation.Grant Agency of the Czech RepublicGrant Agency of the Czech Republic [16-20361Y]; Ministry of Education, Youth and Sports of the Czech Republic program NPU I [LO1504]; Research & Innovation Operational Programme - ERDF [313021T081]; project VEGAVedecka grantova agentura MSVVaS SR a SAV (VEGA) [2/0129/19]; European UnionEuropean Union (EU) [CZ.02.2.69/0.0/0.0/16_027/0008464]; Operational Program Research and Development for innovations; European Regional Development Fund (ERDF)European Union (EU); national budget of Czech Republic within project CPS -strengthening research capacity [CZ.1.05/2.1.00/19.0409]; National Science Centre, Poland [UMO-2016/23/P/ST5/02131]; European Unions' Horizon 2020 research and innovation programme under Marie Sklodowska-Curie grant [665778

Social aspects of mental illness and related ethical issues (prejudice, stigmatisation)

At the beginning the paper introduces the role of patient and the four features of the role, as formulated by T. Parsons and E. Freidson in their sociology works. Based on this concept of the role of the patient, the text argues in favour of recognising the mental illness as a real illness. (This recognition is not obvious and is often disputed.) Next, the paper explains the phenomenon of prejudices, and how they are formed. It is related to the stereotypes and the process of categorisation, and therefore the work presents these terms as well. Some specific examples of prejudice both against the mentally ill and psychiatry as such are also introduced. In the last chapter, the issue of stigma and stigmatisation related to the mental illness is presented. The focus is made on the etymology of the word “stigma” and its current use. The paper aims at clarifying the social status of the mentally ill, who suffer not only from their disease, but also from the above mentioned negative social phenomena such as prejudices and stigmatisation

The Czech Bible Translations from the Beginning of the 20th Century up to the Present

The thesis deals with the Czech translations of the Old Testament, the New Testament or the whole Holy Bible, which where made between 1900-2010. It introduces the Scripture translators and their collaborators, the origin of particular translations, the reviews in press, responses to their editions. It only makes a general passing comment about the linguistic aspect of the translations, however it indicates trends, which influenced some of the translators in their work

Synoptická meteorologie na křižovatce

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