和讯网-中国最大财经门户网站. Business & Financial News, Breaking US & International News. China. 发现新闻 - Farxian. CNBC. Video News Clips CNBC. Asia Pacific CNBC. 21世纪网. 谢国忠的个人主页. 叶檀的个人主页. MBA Mondays. We have five weeks (including today) before we start the sustainability course.
It's not enough time to start a new series. So I've decided to rerun five posts on accounting and financial statements that I did early on in MBA Mondays. This is core stuff. If you want to start a business, run a business, and/or operate a business, you need to know the basics of accounting and finance. So today we will rerun the post on accounting. Accounting is keeping track of the money in a company. The first important principal is every financial transaction of a company needs to be recorded. The recording of financial transactions is not an art. The accounting books of a company start with a chart of accounts. Advertising revenue that you receive from Google Adsense would be an income account.
When you initially set up your chart of accounts, the balance in each and every account is zero. The concept of double entry accounting is important to understand. Private Equity Beat. Associated Press Despite challenging investment environments in many emerging markets these days, limited partners are still bullish about Africa, with 85% of global LPs polled in a survey by the African Private Equity and Venture Capital Association saying they expect to increase their exposure to African private equity over the next two years.
AVCA, which polled 48 LPs collectively representing more than $150 billion in global private equity assets under management, said 70% expect returns from Africa to outperform other emerging markets, with nearly a quarter believing African private investments to have 5% or more return premium. China Private Equity: The Trends, Opportunities, Deals, Chinese Companies on Path to IPO and Private Equity Investment. This is not a good time for the Big Four accounting firms in China. The SEC has charged them with breaking securities law, while one of the group, Deloitte, is now in serious hot water in the US, facing a shareholder class action in Delaware for aiding a US-listed Chinese company in defrauding US investors.
If Deloitte loses, or opts to settle, it could uncork a tidal wave of copycat claims that would do serious, perhaps irreparable damage to the China business of Deloitte, and then also possibly to Ernst & Yong, Price WaterhouseCoopers and KPMG. The charges against the Big Four all boil down to allegations they were either negligent in fulfilling their statutory duties, or in cahoots with bad guys scheming to defraud US investors. The implication of the SEC charges seems to be the accountants’ willy-nilly pursuit of fees led the Big Four to cut corners, surrender objectivity, and allow their judgment to become corrupted. Both of these documents were published in late December 2012. PRIVATE EQUITY - DealBook. Chester Higgins Jr.
/The New York TimesRobert F. Smith has delivered investors a staggering 31 percent average annual rate of return since co-founding Vista Equity Partners in 2000. A Private Equity Titan With a Narrow Focus and Broad Aims Vista Equity Partners, whose performance rivals that of the big names in the field, invests exclusively in enterprise software while seeking to transform the companies it holds. Read more… Former S.E.C. China Real Time Report.