investors to understand how a company's operations are running, where its money is coming from, and how it is being spent.
Due to the accrual accounting, the income statements released each quarter may not necessarily reflect changes in their cash positions. For example, if a company lands a major contract, this contract would be recognized as revenue (and therefore income), but the company may
★ Basic history of Russia
Expansion of the Russian State(14-15th cent)
Reach its Greatest Size (1914, before WW1)
The Great Russian Revolution(1917 Russian monarchy was overthrown by Bolsheviks)
World First Communist State (1922, the Union of Soviet Socialist Republics was formed )
USSR Broke Up(1991)
B. Political economy
plans of each selected company).
And then, we are going to analysis Financial statement such as Common-size and Comparative analysis. Also we will analysis Firm performance measure, it will include market-based firm performance measures, accounting-based measures, leverage measures, liquidity measures.
At last, we will make our recommendation for investors rely on our analysis.
II. Industry Analysis & Company Analysis
1. Industry Analysis – Casino Industry
Today, casino is not just gaming. Gambling is a business, a very big business. To access to casino in business term and to analyze finance information and tendency of them, we need to know about casino industry first.
1) Concept of casino
Casino is a kind of game to win or lose money using something va
Integrators of talent of others
Finance resources (their own)
Promotional efforts through social networks in their roles as
crowd-funding participants
‘Post-materialist values’ (Ingle hart, 1990)
pursuing the value of amusement,
a wish to fulfill
a feeling of fruitfulness