Mainland Student in Hong Kong - 2758 Words

Mainland Students in Hong Kong By now, its been 13 years since Hong Kong was handed over to China. Since 2002, Hong Kong universities began to recruit students in mainland China. Since then, there have been more and more mainland students rushing to Hong Kong to pursue undergraduate or postgraduate studies. According to the statistics of Hong Kongs government, there are more than 25,000 mainland students studying or working in Hong Kong in 2008, and getting a satisfying job and remaining in Hong Kong after graduation is the aim of the majority of mainland students. However, relative to the large†¦show more content†¦From his birth to university, he never had to worry about what he should do – all he had done was what his parents and teachers told him to. But since he arrived in Hong Kong, they were not monitoring his life any more like they were in mainland – he was lost in the beginning. So, inspired by local students, he began to plan his life and discover his potential step by step. He was keen to participate in every meaningful extracurricular activity in order to broaden his horizons, such as sport clubs and joining the photography union. Zhang won the gold award for his outstanding performance in volunteer activities. From these meaningful activities, what he gained was not just a prize, nor more knowledge about Hong Kong, but a realization that he had a knack for analyzing and researching. As a result, his future prospects became more explicit. Stereotypes There is an interesting phenomenon that deserves everyone’s attention – that mainland students seem to be separated from local students. Most mainland students have their own world – they sit together in class, do assignments together, and stick together outside of class. This creates an invisible gap between mainland students and local students. Generally speaking, local students are more socially active than mainland students, while mainland students emphasize more on their academics – they seek to digest all the material fromShow MoreRelatedThe Career Future Of The Hong Kong1495 Words   |  6 PagesCareer Future of the Mainland Talents in Hong Kong Introduction After 1997, the relationship of Hong Kong and Mainland China is closer than before. Education freedom make Hong Kong be one of the links, which let the Mainland China communicate with the world (Tong, 2014). From 1998 to 2013, the number of mainland students who study in Hong Kong increases of ten times (Hong Kong Chinese University, 2014). After graduated, some mainland students want to find a good job in Hong Kong. However, they faceRead MoreHow Is Hong Kong Independent Essay934 Words   |  4 PagesHong Kong Independent To the Chinese This historical social problem bothered us for years. Hong Kong is the capital of our country has always proclaimed himself to be an independent country. Those videos cause a heated debate on the Internet, and I saw the Chinese young peoples patriotism. I can understand the mood of the University of Hong Kong’s Chinese students whore from mainland China. They experienced a difficult for the college entrance examination, finally walk into university life withRead Moreindividual visit scheme Essay1085 Words   |  5 Pagesï » ¿Name: Yau Wai Yin Student ID: 13082341D Topic: Hong Kong as a tourism hub The impact of Individual Visit Scheme to Hong Kong Individual Visit Scheme has being launched for ten years in Hong Kong. This scheme helps boost tourism and brings benefits to Hong Kong economy and society. However, the reality reveals that it also brings some negative impacts to Hong Kong. This paper examines both the arguments for and against Individual Visit Scheme in Hong Kong. Promoting retail and accommodationRead MoreCultural Gap Between People From Mainland China And Hong Kongers1117 Words   |  5 PagesThe increasing threat to Hong Kong’s autonomy and consequently rising nationalism represent serious dangers to the success of â€Å"One country, two systems.† Rising resentment between people from mainland China and Hong Kongers has created a cleavage that will ultimately result in the arrangement’s inevitable failure. The culture gap between peoples will be a significant contributing factor in this failure. This culture gap, primarily defined by differences in language, development, and ideology willRead MoreHong Kong, The Special Administrative Region Of The People s Republic Of China1580 Words   |  7 PagesHong Kong, the Special Administrative Region of the People s Republic of China, is an economically, politically and culturally unique city in Pacific Asia. As one of the world’s leading international financial cen tres, Hong Kong is prosperous and very densely populated. However, even a modern, highly developed megacity like Hong Kong has its major downfalls; the largest civil movement in the history of Hong Kong broke out in its business centre, Central, approximately a year ago. On SeptemberRead MoreUnderstanding Chinese Learners Experiences Of Private Tutoring Essay1591 Words   |  7 PagesAnnotated Bibliography Name: Chentian Xia Student Number: 43755428 Entry one Yung, Kevin Wai, H. (2015). Learning English in the Shadows: Understanding Chinese Learners Experiences of Private Tutoring. TESOL Quarterly: A Journal for Teachers of English to Speakers of Other Languages and of Standard English as a Second Dialect, Vol.49(4), 707-732. 1. In this article, the author questions about in secondary education, what learners have learnt from EPT (Experiences of Private Tutoring). The articleRead MoreWhat Is The Best MBA In Hong Kong1246 Words   |  5 PagesBest MBA in Hong Kong It is a matter of shifting your gaze. â€Å"Asia-Pacific accounted for 61% share of global IPOs and 44% share of global IPO proceeds†, according to the Global IPO Trends Q2 2017, surpassing the US and boasting of five out of the top ten most active stock exchanges in the world. The part that is relevant to this article lies between the high dollar lines. The world is witnessing a consistent rise of Asian hubs as crucial financial centers of the world. And Hong Kong is one of itsRead MoreThe United Kingdom And The People s Republic Of China Release The Joint Declaration971 Words   |  4 Pagesdocument detailing the then future handover of the island of Hong Kong and its surrounding territories from British colonial rule, to rule by the PRC. Exactly thirty years later, hundreds of students rush over the security barricades of the central government building in Hong Kong with anger, tenacity, and fear in their eyes. Many are still youths, students from local secondary schools e xercising their disappointment of modern Hong Kong in the only way they believe they can: protest, beginning a seriesRead MoreThe Wretched Of The Earth1261 Words   |  6 Pagescolonials commanded Hong Kong people to maintain where colonialism has assigned them, Hong Kong resisted instead of following the order. There were two symbolic movements that reflected Hong Kongers’ discontent with British and Chinese governments’ policies. The movement that conveyed Hong Kong people’s discontent with the British colonial government is the Hong Kong Leftist riots in 1967. After the breakout of the Cultural Revolution in China, pro-communist leftists in Hong Kong actively found opportunitiesRead MoreChinese Culture Of Hong Kong1818 Words   |  8 Pageshistorical aspect, the society of Hong Kong inherited characteristic from the British colonial era but still the influence of China is heavy. Hong Kong has a closely connection with mainland China due to geographical proximity and 95% Chinese immigrants with of its population help to maintain the identity among Chinese in Hong Kong, despite they tend to blend of both oriental and Western elements(Tsu, 2014). Although the British colonial government in Hong Kong did not have any intention to fade

Antisocial Personality Disorder ( Aspd ) Exhibit - 918 Words

As defined by the American Psychiatric Association (2013), individuals diagnosed with antisocial personality disorder (ASPD) exhibit â€Å"a pervasive pattern of disregard for, and violation of, the rights of others that begins in childhood or early adolescence and continues into adulthood. Individuals, both with and without ASPD, often find themselves facing stiff consequences when they break the law by violating the rights of others. The propensity of individuals with ASPD to break such laws is one possible explanation for the prevalence of ASPD increasing from a range of 0.2% to 3.3% in the general population to 47% in prisons (American Psychiatric Association, 2013; Fazel Danesh, 2002). With such a disparity between the general and prison prevalence of ASPD, it is clear that society is adroit in isolating the undesired behaviors of individuals with ASPD; however, society also has a responsibility to protect the rights of those diagnosed with a bonafide illness. If ASPD is the c ause of an individual’s incarceration, then their successful reintegration into society relies on treating the underlying diagnosis, and in order to do that, it is important to understand the neurobiological foundations of ASPD. Individuals with APSD exhibit neuroanatomical differences compared with individuals without the diagnosis. Magnetic resonance imaging (MRI) studies have identified an 11.0% reduction in prefrontal gray matter in individuals diagnosed with ASPD (Raine, Lencz, Bihrle, LaCasse, Show MoreRelatedA Good Man By Flannery O Connor946 Words   |  4 PagesFlannery O’Connor’s â€Å"A Good Man Is Hard to Find† Is an accurate representation of Antisocial Personality Disorder (ASPD). Through The Misfits recollection of his past, his trauma, and his lack of guilt he depicts a severe case of ASPD. The Misfit’s recollection of his past shows the development of ASPD in childhood. His lack of discipline in childhood and his recollection of when he behaved well are indicators of ASPD. The Misfit stated, â€Å"My daddy said I was a different breed of dog from my brothersRead MoreThe Common Occurrences Of Comorbidity Between The Disorder1401 Words   |  6 Pagesis an overlap between the personality clusters. The most significant comorbidity occurrences with ASPD include paranoid personality disorder, borderline personality disorder, and obsessive-compulsive personality disorder (Out of the Fog, 2015) See figure 4 (Appendix C). Furthermore, additional studies are suggesting that 67% of those diagnosed (DSM-IV) with a personality disorder also met the criteria for at least one other mental disorder. Antisocial personality disorder has often been found to coexistRead MorePsychopathy, Sociopathy And Anti Social Personality Disorder913 Words   |  4 PagesAre Psychopat hy, Sociopathy and Anti-Social Personality Disorder the same? Psychopathy, sociopathy, and anti-social personality disorder, also known as ASPD, are three very similar disorders; so much so that it is a common question if they are the same disorder or not. All three of them are defined as people who have anti-social behaviours. All of these disorders are very common in people who disregard both the law and social norms, have no shame or guilt, and are occasionally violent; such asRead More Personality Disorders Essay1330 Words   |  6 PagesThere are personality disorders, and then there are extremely troubling personality disorders that haunt you if you have ever met someone who had one. Antisocial personality disorder would be the latter. Often called sociopaths or psychopaths, individuals with Antisocial Personality Disorder exhibit a lack of conscience, and have a complete disregard for the safety of those around them and their self (American Psychological Association [APA], 2000). While half of the teenagers in America exhibit theseRead MoreThe Correlation between Child Maltreatment and the Development of Antisocial Personality Disorder1557 Words   |  7 Pagestoward antisocial behavior. Of these environmental triggers, childhood abuse may be the most important of situational factors. Understanding antisocial personalities in individuals with biological susceptibility to antisocial behaviors and those who experienced maltreatment in a hostile environment would be at a high risk for developing antisocial personality disorder. Although the diagnosis is limited to those persons over eighteen years of age, it usually involves a history of antisocial behaviorRead MoreThe Effects Of Sociopaths On The Criminal Justice System Essay1417 Words   |  6 Pagesinteresting phenomenon to the outside world. What most people don’t know is that sociopaths usually suffer from some spectrum of Antisocial Personality Disorder. According to Grohol (2016), Differences Between a Psychopath vs Sociopath, sociopath and psychopath are both categorized as antisocial personality disorders. Deceit and manipulation are main features to this personality disorder. An associate professor of Psychology and Neuroscience from the University of New Mexico, and a District Judge from DenverRead MoreRelationship Between Ethnic Minority And Women And The Level Of Traits Essay1710 Words   |  7 PagesThis study examines the relationship between ethnic minority and women and the level of traits that they have in common with Antisocial Personality disorder, compared to Caucasian males. It was hypothesized that ethnic minority women would show equal if not more of these behaviors when compared to Caucasian males. The findings showed a statistical significance in that African-American females showed an equal ability to be just as violent and lack in empathy as much as Caucasian males. Latinas wereRead MoreAntisocial Personality Disorder ( Aspd )805 Words   |  4 PagesAntisocial personality disorder (ASPD), opposition defiant disorder (ODD), and conduct disorder (CD) are three distinct disorders based upon their respective diagnostic criteria in the DS M-5. If ODD and CD were mild forms of ASPD, then there would need to be causal relationship between the childhood manifestations of ODD and CD and the adult manifestation of ASPD. There is evidence of comorbidity between ODD and CD, and also evidence to suggest that children diagnosed with these disorders may goRead MoreDiagnosis Of Antisocial Personality Disorder ( Aspd ) Essay980 Words   |  4 Pages1. DSM-5 Diagnosis a. Antisocial Personality Disorder (ASPD)- DSM-5 301.7 (F60.2) Ruling out Alcohol Use Disorder- DSM-5 305.00 (F10.10) Mild Cannabis Use Disorder-DSM-5 305.20 (F12.10) Mild b. Justification Based on the description of Peter’s symptomatology, the appropriate diagnosis is Antisocial Personality Disorder (ASPD). As indicated by the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition (DSM-5) (2013). As described by Peter, his physical injuries are a broken noseRead MoreAntisocial Persoanlity Disorder1398 Words   |  6 PagesIndividuals with Antisocial Personality Disorder (ASPD) are characterized as being deceitful, egocentric, and having little regard for rules or the feelings of others (Duggan, 2009). Individuals with ASPD have been found to be unable to correctly interpret emotional situations; they also experience negative feelings more often than positive feelings. They are also more likely to experience anger than fear, which can trigger violent behavior. Individuals with ASPD have a tendency to employ defense

A Synopsis of Accounting for Business Combinations Essay Example For Students

A Synopsis of Accounting for Business Combinations Essay A SYNOPSIS OF ACCOUNTING FOR BUSINESS COMBINATIONS, INTANGIBLES AND GOODWILL IMPAIRMENT INTRODUCTION During the 1980s and 1990s a great number of business mergers and acquisitions took place. The generally accepted accounting principles to record the initial transaction and to account for the acquired assets during their estimated useful lives this were well established. Over time however, users of financial statements began to question whether those principles and practices accurately reflected the market realities regarding the assets, their useful lives and their contribution to a companys value. In addition, intangible assets have become increasingly more important as an economic resource. It was apparent that users of financial statements did not accept that goodwill amortization expense provided useful information. They realized that treating goodwill as a wasting asset whose value deteriorates predictably over a fixed period of time ignored the economic realities. Goodwill, in fact, can be replenished and increased in value; alternatively, the value of goodwill can decrease precipitously in a short period of time. During the 1970’s the FASB had an active project on its agenda to reexamine the accounting for business combinations and acquired intangible assets. However, action on the project was deferred until, in 1981, the Board removed the project from its agenda entirely, to focus on higher priority projects. In 1986 the Financial Accounting Standards Board (FASB) included the project on business combinations on its agenda. The purpose was to â€Å"improve the transparency of accounting and reporting of business combinations, including the accounting for goodwill and other intangible assets. The FASB’s study confirmed that users of financial statements placed greater emphasis on the goodwill asset reported on the balance sheet, rather than an allocation of goodwill amortization expense reported on the income statement. This project resulted in FASB 141 – Business Combinations, and FASB 142 Goodwill and Other Intangible Assets. This emphasis on asset valuation rather th an expense recognition reflected the FASB’s evolving emphasis on fair value measurement of assets and liabilities. The FASB achieved their two stated goals, that: All business combinations be accounted for in the same manner †¢ Goodwill and intangible assets are accounted for in a manner that reflects economic reality. Another reason the Board undertook the project is because â€Å"many perceived the differences in the pooling-of-interests method and purchase method to have affected competition in markets for mergers and acquisitions. Entities that could not meet all of the conditions for applying the pooling method believed that they faced an unlevel playing field in competing for targets with entities that could apply that method. This â€Å"unlevel playing field† was perceived to extend internationally, as well. â€Å"Cross-border differences in accounting standards for business combinations and the rapidly accelerating movement of capital flows globally heig htened the need for accounting standards to be comparable internationally. † Thus the Canadian equivalent of FASB conducted a similar project concurrently with FASB. The FASB’s project culminated in two new pronouncements, SFAS 141, Business Combinations, and SFAS 142, Goodwill and Other Intangible Assets. FAS 141 – Business Combinations FAS 141 supersedes APB Opinion 16, Business Combinations. Under APB 16, business combinations were accounted for using either the pooling-of-interests method or the purchase method. The pooling-of-interests method was required when twelve specified criteria were met; otherwise the purchase method was required. However, the twelve criteria did not distinguish transactions that were economically dissimilar and thus similar business combinations were accounted for using different methods, and producing dramatically different results. As a result, users of financial statements could not compare the financial results of entities where different combination methods had been used; users of financial statements indicated a need for better information regarding intangible assets; and company management felt that differences in combination accounting methods impacted competition in markets for mergers and acquisitions. SFAS 141 is based on the proposition that all business combinations are essentially acquisitions, and thus all business combinations should be accounted for in a consistent manner with other asset acquisitions. FAS 141 begins with the declaration that the â€Å"accounting for a business combination follows the concepts normally applicable to the initial recognition and measurement of assets acquired, liabilities assumed or incurred†¦as well as to the subsequent accounting for those items. † A â€Å"business combination occurs when an entity acquires net assets that constitute a business or acquires equity interest of one or more other entities and obtains control over that entity or entities. † In a combination effected through an exchange of cash or other assets it is easy to identify the acquiring entity and the acquired entity. In a combination effected through an exchange of equity interests, the entity issuing the equity interest is generally the acquiring entity. However, in some business combinations, known as reverse acquisitions, it is the acquired entity that issues the equity interests. (Paragraphs 15-19 offer guidance in this complex area. ) Generally, in exchange transactions, the fair values of the assets acquired and the consideration surrendered are considered to be equal, and no gain or loss is recognized. The total cost of the exchange transaction is then allocated to the individual assets acquired and liabilities assumed based on their relative fair values. â€Å"Fair value† is defined as â€Å"the amount at which an asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale. † The excess of the cost of the acquired assets over the fair value amounts assigned to the tangible assets, the financial assets and identifiable intangible assets is evidence of an unidentified intangible asset or assets, or goodwill. In determining the cost allocation, the Statement offers guidance for many items, including: ? Receivables at present values, less allowances for uncollectibility and collection costs ? Finished goods inventory and merchandise at estimated selling prices less costs of disposal and reasonable profit allowance ? Work in process inventory at estimated selling prices of finished goods less cost to complete, cost of disposal and reasonable profit ? Raw materials inventory at current replacement costs ? Intangible assets that meet certain criteria are valued at estimated fair value ? Liabilities and accruals at present value of amounts to be paid ? Other liabilities and commitments – such as unfavorable leases, contracts ad commitments – at present values of amounts to be paid. â€Å"An acquiring entity shall not recognize the goodwill previously recorded by an acquired entity, nor shall it recognize the deferred income taxes recorded by an acquired entity before its acquisition. A deferred tax liability or asset shall be recognized for differences between the assigned values and the tax bases of the recognized assets acquired and liabilities ssumed in accordance with FASB 109. † SFAS 141 also changes how intangible assets are recognized. APB Opinion 16 required separate recognition of intangible assets that could be identified and named. SFAS 141 requires that acquired intangible assets apart from goodwill be recognized if: 1. the intangible arises from contractual or other legal rights, such as patents and trademarks OR 2. the intangible ca n be separated or divided from the acquired entity and sold, transferred, licensed, rented or exchanged individually, or in combination with a related contract, asset or liability. Examples of intangible assets that are contractual or separable include: †¢ Contractual – o Customer contracts o Order backlog o Operating leases o License agreements o Royalty agreements o Employment contracts o Trademarks †¢ Noncontractual but separable – o Customer/subscriber lists o Unpatented technology Any intangible asset that does not meet the separate recognition test (such as a trained and assembled workforce) is classified as goodwill. The FAS offers five categories of intangible asset: ? Marketing-related – those assets that are primarily used in the marketing or promotion of products and services. Trade marks, trade names o Trade dress (package design) o Internet domain names o Non-compete agreements ? Customer-related o Customer lists o Order backlog o Customer contracts and relationships ? Artistic-related – these meet the criteria for recognition apart from goodwill if they arise from contractual rights or legal rights such as tho se provided by a copyright. o Books, plays and other literary works o Musical works o Pictures and photographs o Video material ? Contract-based o Licensing, royalty agreements o Advertising, construction, service or supply contracts o Lease agreements Use rights such as drilling, water, air, mineral, timber cutting and route authorities o Broadcast rights ? Technology-based – relate to innovations or technological advances o Patented technology o Unpatented technology o Computer software o Databases o Trade secrets, formulas, recipes If it should turn out that the fair value of acquired assets exceeds the cost of the acquisition, the acquirer will first reassess whether all acquired assets and assumed liabilities have been identified and recognized, and will re-value the assets and liabilities. If there is still an excess of fair value of acquired assets over their cost, the excess will be allocated as a pro rata reduction of the amounts otherwise assigned to the acquired assets, except for: ? Financial assets (cash, evidence of ownership in an entity, or a contract that conveys a contractual right to receive cash) ? Assets to be disposed of by sale ? Deferred tax assets ? Prepaid assets relating to pension or other postretirement benefit plans ? Any other current assets. Online Shopping At The Mall EssayThe allocation is done only for purposes of testing the impairment of goodwill – no write-up or write-down of a recognized asset or liability is to occur. Nor should a previously unrecognized intangible asset be recognized as a result of step two impairment testing. Standard of Value SFAS 142 requires the valuation of the reporting unit using â€Å"fair value† as the standard of value. This is defined in the standard as: â€Å"The amount at which an asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing arties, that is, other than in a forced or liquidation sale. † This definition, and the language in the Standard, indicates that the standard of value allows for known parties to the transaction, and that the value of synergies can be taken into account. â€Å"Substantial value may arise from the ability to take advantage of synergies and other benefits that flow from con trol over another entity. † In fact, the Standard goes on to say, a â€Å"control premium may cause the fair value of a reporting unit to exceed its market capitalization. † This is no small matter when distinguished with a â€Å"fair market value† standard of value, which would disregard the value of potential or actual synergies. Level of Value As described above, the language of SFAS 142 implies that â€Å"fair value† is a controlling interest level of value and that, therefore, a discount for lack of control would not be proper. Further, however, a synergistic control value seems to be appropriate, allowing for the recognition of internal synergy enhancements in value not available to a financial buyer. Calculation of Value If quoted market prices are not available, the estimate of fair value will be based on the best information available. â€Å"A present value technique is often the best available technique with which to estimate the fair value of a group of net assets. † The estimates of cash flow should be based on â€Å"reasonable and supportable† assumptions. If a range of possible outcomes is considered, the guidance in Concepts Statement 7 should be followed. Financial Statement Presentation and Disclosure The following should be disclosed in the financial statements: Presentation: At a minimum, all intangible assets shall be aggregated and presented as a separate line item. However, the intangible assets can be grouped by class of asset. ? The aggregate amount of goodwill is to be shown separately ? Impairment losses of goodwill are shown as a separate item before income from continuing operations. ? Amortization expense and impairment losses for intangible assets other than goodw ill are shown as charges against income from continuing operations. Disclosure: ? For intangibles subject to amortization – o Total amount assigned to any major intangible asset class o Amount of any significant residual value Weighted average amortization period, in total and by major class o Gross carrying amount and accumulated amortization in total and by major class o Aggregate amortization expense for the period o Estimated aggregate amortization expense for each of the five succeeding fiscal years ? For intangibles not subject to amortization o The amount assigned in total and by major intangible asset class. o Total carrying amount and for each major class ? The changes in carrying amount of goodwill during the year including: o Aggregate amount of goodwill acquired Aggregate amount of impairment losses recognized o Amount of goodwill included in the gain/loss on disposal of a reporting unit ? For each impairment loss recognized related to an intangible asset other th an goodwill: o Description of the impaired asset and the facts and circumstances leading to its impairment o Amount of impairment loss and the method for determining its fair value o The caption in the income statement where the loss is aggregated ? For each goodwill impairment loss: o Description of the facts and circumstances leading to its mpairment o Amount of impairment loss and the method of determining the fair value of the associated reporting unit Previously Recognized Intangible Assets The useful lives of intangible assets acquired prior the effective date of the Statement will be reassessed prior to the end of the first interim period of the fiscal year in which SFAS 142 is first applied. Likewise, previously recognized intangible assets with indefinite useful lives shall be tested for impairment in the same time frame, and any resulting impairment loss will be recognized as the effect of a change in accounting principle. RUSSELL T. GLAZER, CPA, MBA CERTIFIED BUSINESS APPRAISER Horowitz, Waldman, Berretta Maldow, LLP 1000 Woodbury Road Woodbury, New York, 11797 (516) 364-4567 [emailprotected] com CERTIFIED BUSINESS APPRAISER, certified by the Institute of Business Appraisers. 1995 to the present – Performing appraisals of interests in privately held companies for buy/sell transactions, mergers and acquisitions, marital dissolution, gift and estate tax purposes and litigation support. Experienced also in conducting forensic accounting examinations for marital dissolution and litigation support. This experience covers a broad range of industries, including manufacturing, wholesale, retail, service and construction. 1979 to the present – As a Certified Public Accountant, Mr. Glazer has over twenty years of experience as a business advisor and analyst, providing services in the areas of auditing, financial statement preparation and analysis, forecasts and projections, budgeting, cost accounting and product pricing. Industry experience includes manufacturing, construction, wholesale, service, not-for-profit and retail. PUBLICATIONS Assessing the Effect of Taxes on the Valuation of S Corporations,† Business Valuation Review, June, 2002. â€Å"A Study of the Discounts Inherent in the P/NAV Multiples of Real Estate Limited Partnerships,† Business Appraisal Practice, Winter 2000-2001, pages 22-28. â€Å"Partnership Re-Sale Discounts Narrow Due To Liquidations,† Business Valuation Update, October 2000. â€Å"IRS Releases Recommendations on Valuation Polic ies,† Business Valuation Update, April 2000, page 1. (Part of the curriculum of Current Update in Business Valuations, a one day seminar offered in 2000 by the National Association of Certified Valuation Analysts. â€Å"Conducting Valuations with Guiding Fundamental Principles,† article review, Business Valuation Update, December 1999, page 7. â€Å"Valuing FLPs For Estate and Gift Planning,† Long Island Business News, October 22, 1999. â€Å"Nondistributing Partnerships Show 46% Discount from NAV,† study abstract, Business Valuation Update, August 1999, page 5. SPEAKING/LECTURES Using Valuation Discounts to Benefit Your Clients, a presentation for the Taxation Law Committee of the Suffolk County Bar Association. Business Valuation, an eight hour course prepared for the Foundation for Accounting Education, the Continuing Professional Education arm of the New York State Society of Certified Public Accountants. â€Å"The Basics of Business Valuation,† presented to various organizations. â€Å"Statements on Standards for Accounting and Review Services – Old and New,† CPE credit-approved course developed for C. W. Post College’s Tax Accounting Institute. Adjunct Professor of Accounting, Suffolk County Community College. Courses taught include: ? Cost Accounting ? Managerial Accounting Practical Accounting ? Computers and Accounting ? Business Mathematics Variety of subjects for NYSSCPA-Suffolk â€Å"Accounting and Tax Issues for the Building Industry,† presentation for the Long Island Builders Institute, April, 1998 â€Å"Business Planning for Entrepreneurs,† presentation for the U. S. Small Business Administration, January 1999. TECHNICAL TRAINING Insti tute of Business Appraisers ? Valuation of the Closely Held Business – Advanced Theory and Applications ? Report Writing and Analysis ? Discount and Capitalization Rates: Practical and Defensible Derivation ? Advanced Steps to Take Appraisals from Ordinary to Outstanding ? Statistics in Business Valuation and Litigation Support American Society of Appraisers ? Current Topics in Business Valuations, 10th Annual Conference ? Principles and Ethics Exam ? Preparing a Defensible Business Valuation Work Product Efficiently ? The Potential Effects of Complex Litigation on Shareholder Value ? Keeping Up With The Internet ? Taking The Deal to Market: Identifying Quantifying Risks to Value ? How To Evaluate An Executive Compensation Plan Economic Outlook: Inflation, Interest Rates and Equity Returns ? Resolving Disputes With The IRS ? The Board’s Approach to Appraisal Issues and Shareholder Value ? Profits and Market Multiples – Some Complications American Institute of Certified Public Accountants ? What’s New and Important in Business Valuation National Association of Certified Valuation Analysts ? Capitalization and Discount Rates ? Tax Angles in Valuations Under IRC Chapter 14 ? Research: Economic, Industry, Legal and Internet ? Valuing Family Limited Partnerships ? Valuing Service Organizations The Valuation of Law Firms Under the pooling-of-interests method, the carrying amount of assets and liabilities recognized in the statements of financial position of each combining entity are carried forward to the statements of the combined entity. No other assets or liabilities are recognized as a result of the combination, and thus the excess of the purchase price over the book value of the net assets acquired is not recognized. A business is defined by EITF 98-3 as â€Å"a self-sustaining integrated set of activities †¦conducted and managed for the purpose of providing a return to investors. †