-Inventory
Inventory is measured as the lower of cost and net realizable value. Measuring products or work in progress use weighted average cost, raw materials use FIFO, and goods in transits use specific cost identification method.
Weighted average, FIFO and specific cost identification method are all allowed in IFRS for utilization. Furthermore, definitions of critical words, such as net real
3) Population Aging
As a result, this combined effect of increasing life expectancy and decreasing fertility causes population aging. Figure 3 shows the proportion of population in the developed and developing county at aged 65. We can know the proportion of elderly is growing worldwide and then, this proportion will be continually increasing in the future.
Figure3. Percentage of World’s Pop
Aged people’s education is increasing
Government should divide groups and take education & training
Insufficient training institutions
Makes more and better institutions
Insufficient policies
Makes more programs & policies
4. Financial problem
Considers whether the estimate is too much or not
Social awareness
- Creates more jobs
Risk Management
The company focuses on market risk on price because fluctuations on resource and oil
prices, general economic slump and falling economic growth rate have brought sudden
changes in purchasing and selling prices.
Also, the company is facing foreign exchange risk on its foreign currency asset and
overseas debts. It receives consulting on this matter from various financial in
Derivative Transactions
The company concludes contracts on currency forward and currency swap in order to avoid risks from fluctuations in exchange rate and interest rate. Profits and losses from derivative transactions are recognized on the current term. Fair value of derivatives is set by the company's bank.
R&D
The company uses Moorim Paper's research institute and does not recognize any
Industrial Product wasn’t efficient.
It means that Mao’s policy wasn’t good answer for China.
As a result, policy that emphasized development of inland made almost Chinese poor more and more. So, that’s why a new policy was started.
1 State preferential policies (Tax cuts)
2 Central Investment
3 Local governments have great autonomy
4 good industrial base in coastal areas
Ⅱ. Exchange rate regime
1. What is the exchange rate?
In finance, the exchange rates between two currencies specifies how much one currency is worth in terms of the other. It is the value of a foreign nation’s currency in terms of the home nation’s currency. For example an exchange rate of 91 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that 91 yen is worth the
2. Description of the problem that Necessitated the policy
1)Increasing escapes of north korean
In 1998, Hanawon that help new settlers to settle down was established. In those day, Hanawon's the number of persons to be admitted was 100, and this number was considered to sufficient to accommodate new settlers. But this future predict was proved to be wrong after 3 years. In 2001, escaped nor
III. Overseas Chinese Capital in East Asian Region
1. Hong Kong
The population of Hong Kong is about 6.3 million and 98% of it is Chinese with 90% of them are from Guangdong province. The external structure of large corporates in Hong Kong seems to be westernized but the internal look shows rather family-oriented management system. Until 1988, ten family-owned companies dominated about 54
Centrally diplomacy policy
Respond to American soft power strategy.
→ socialistic education
prepares policy for keep tradition
Strategy estrablishment for rise
Weakness
Not very case oriented and talks about mainly the construction and theories
Does not mention nationalism
Argument allowing it to purse Asian values is weak
Does not illustrate who besides Afric