kevinsqlai
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Last year came out consol, dont know this year will come out or not..Conceptual framework? But last yr got come out ****. Don't know will come out anot this year you?
Last year came out consol, dont know this year will come out or not..Conceptual framework? But last yr got come out ****. Don't know will come out anot this year you?
I thought if auditor write a report is call management letter? Auditor report is to give their opinion whereas management letter is to address client's weaknesses, implications amd suggest how to improve..
Correct me if im wrong..
seniors who took POA before...
erm the 8 column accounting paper is optional to use or must use??
i never use in the prelim and i dun think there is any penalty...
Last year came out consol, dont know this year will come out or not..
oh you are right. so if mgmt letter do we need to have
a format?
Any FM forex pro here?? I think Imma die doing forex qns... lol
i think its true.. classical dichotomy implies money neutrality. because you need money to be neutral (have no effect on real economic variables) in order for the proposition of the classical dichotomy to hold true - that real and nominal variables can be separately determined.
think of a cake and a 100 dollar bill circulating in this economy. there is only one person that can spend the 100 dollar on one product.
real GDP = cake (output of the small economy)
nominal GDP is the value of the cake = $100. (since just assume perfect competition and no costs, then the value of that cake is the money that you can only spend in the economy; national income = national output)
if i print another 100 dollars, making $200 in total circulation in the economy, the value of that cake becomes $200. but the real output of the economy has not changed - it still can only produce one cake. so that extra $100 only produced inflation (nominal increase in prices) and not real economic output (amount of cakes that can be produced).
money is neutral in the sense that this extra money printed does not make the economy any more productive in cake making. productive capacity of the economy only increases if you have more machines or better knowledge of cake making (think: LRAS shifting right)
i feel like give up macro to study more cf... expert any advice
Don't give up. I also like you. Macro I think I barely understand. I am going to chiong macro next day and on monday, then CF later at night. Aiming for a pass in macro hopefully
i also barely understand macro
cf now only know efficient , capm, merger, dividend and npb
am I the only who finds that FM 2012 is hard?!?!
no you are not
it's like getting screwed up down left right when u r so accustomed to the previous examiner's style.
those seniors must be really damn good to clear it last year
it's like getting screwed up down left right when u r so accustomed to the previous examiner's style.
those seniors must be really damn good to clear it last year
Wa good for you also. I haven touch theory for CF. Is it very hard to master EMH, Merger and dividend in a night? I think i will only read through MM theory. Not planning to do MM.