Aspects of interntional accounting & finance Essay

Aspects of interntional accounting & finance - Essay Example Around the world the names and formats of the additional information do very, but the actual information included is often of a similar nature.'' Use recent journals as source of information 2008/2009, these journals will be the main source of information, also use latest books as source of information as the tutor does not accept older sources of information. (2008/2009), and only official websites to be used as sources of information. Financial results are objective numerical yardsticks designed to simplify the assessment of financial strength and progress over a period of time (Hanna et al 2002). Indeed, the increase in academic papers emphasizing on the importance of corporate reporting and financial results of late seems to have outpaced following the Enron Accounting Scandal (Hanna et al 2002:496). According to Hensmans (2003), Adam Smith the founding father of Economics has long acknowledged the important role of financial reporting when he argued that, "the common sense basis of a prospering economy could only be provided by prudence" (Hensman 2003:563). According to Lev (2003), financial results serve as major inputs into investor's valuation models, affecting securities prices and in turn managers compensation and wealth. The figures from financial results are also being used by institutional investors to gauge enterprise performance and the quality of management (Lev 2003). The aim of this paper is analyse BP's 2005 through 2008 annual reports so as to assess the influence of

Descriptive Statistics Case Study Example | Topics and Well Written Essays - 500 words

Descriptive Statistics - Case Study Example This would look like a promising finding because it is higher than the current trend on the mean number of weeks that a prostate cancer patient lives after receiving a confirmed diagnosis of being in stage 4 which is 9.6, with a standard deviation of 3.2. Unfortunately, the data contains an extreme point in this instance, which is 45 and this would certainly draw the mean upwards (Doty, 1996), thereby misrepresenting the behavior of the data. It can also be observed that the standard deviation is unusually high, and since it measures the approximate distance of the data values from the mean (Black, 2010), this indicates that the data set is highly variable. In order to provide a more appropriate interpretation of the behavior of the data, the research team may choose to eliminate this extreme point. This is usually done when a data set contains a minimum number of extreme values that affect the results when the mean is used to interpret it (Fink, 2003). Based on the new calculations made once the value of 45 is removed, the data set will now have a mean of 7.64 and a standard deviation of 2.4. Clearly, such results are lower than the current trend.