Merrill Lynch Investment Manager has several core approaches to their 30-year investment philosophy. Rigorous fundamental analysis of investment, the pursuit of quality investment and the construction of concentrated portfolios are the approaches that are responsible for the success of Merrill Lynch.
Merrill Lynch Mercury’s1 investment philosophies are as follows:
A belief in active management
Merrill Lynch Investment Managers believes in actively managing portfolio where there is an active approach to all levels of the investment process: stock selection, sectors weightings and asset and geographical allocation.
Commitment to primary research
The investment process is driven by research where investment managers undertake double responsibilities of fund management and extensive individual research covering markets open to international investment. Managers are also benefiting from a vast range of analysis from brokers where the management has a privileged relationship. Experience and extensive research has provided confidence to commitments to investment decision. Read more…
The possible revenue recognition points are the signing of the contract, the beginning of construction, the progress stages of the construction (gradually over the life of the contract), the completion of the project to the satisfaction of the customer, and collection of the cash. To postpone taxes, you would want to delay recognition of revenue until the next year, even though you have completed more than half of the project. Of the four criteria, the strongest argument might be that the costs will not be fully known until the customer has indicated that the work is satisfactory. Collectibility of the payment may also be somewhat uncertain. The Income Tax Act allows completed contract accounting on contracts of less than 24 months so at a minimum, this revenue could be recognized when the contract is complete.
The gain on the portfolio could be recognized in the year in which it occurs or when the shares are sold. To postpone taxes, revenue should be recognized when the shares are sold. That can be supported based on the fact that the selling prices of the shares are quite volatile and may very well fall back to, or even below, the original cost. In other words, the amount earned is not known until the sale actually takes place. This treatment is consistent with the requirements of the Income Tax Act which only requires that income from investments be recognized on disposition. Read more…
Writing a good accounting thesis can be difficult because many accounting students are taking the course because math is their strong point. You are not alone if you struggle with writing but excel with math. Many students will find strengths in one or the other, based on preferences developed in childhood and honed as adults. You will find that the best thing to do is to work in sections, build your ideas from small to large. For example, your math problems will begin with a solution you must find an answer too – such as the intended project cost based on projected income generation or similar – begin this same way with your accounting thesis.
What is the problem you would like to solve? Write this out in your word file or a file where you can make diagrams. When you write the problem out just use a single sentence, and then attach boxes to this sentence. What will you need to know to solve this problem? What will you expect the results to look like? Where do you expect to find similar results? Are there theories that agree with your Accounting thesis ideas or are they all different? After you have developed some of these answers, refer back to the syllabus or rubric for your accounting thesis.
In the rubric or syllabus, you should find a general outline that you may use for your Accounting thesis. If there is no such information, you can check in databases such ProQuest to see how other people have setup their thesis and dissertations for submission; however, keep in mind, you cannot duplicate their work, or you will not demonstrate original and critical thinking – no matter how great the idea – leave it and just use the outline. Work a little each day so that you do not become overwhelmed. Now you know exactly how to write a good Accounting thesis for Undergraduate, Master’s and Ph.D. level.
