The Main Accounting Principles Essay Example | Topics and Well Written Essays - 1750 words

The Main Accounting Principles - Essay Example This paper will shed light upon how JP Morgan Chase has modified their accounting principles in the past and what impact has the same had on their growth. An Analysis of JP Morgan Chase Business environment is consistently changing, some changes bring unprecedented challenges and these challenges should be met in order to consistently keep doing well. The likes of AIG, Lehmann Brothers could not sustain during the period of recession and as an inevitable result of which suffered hefty losses. This paper will expansively present the accounting policies and the changes adapted by JP Morgan Chase in order to successfully face the modern day challenges. A complete analysis of the major changes incorporated by JP Morgan chase will be expansively presented in this paper. The oldest financial services in the world is without a doubt JP Morgan Chase, it has its presence in well over 60 countries. They are the leaders in investment banking, wealth management and a host of other services. The biggest change that ever took place in the history of the financial institutions was the merger with Bank One. This change primarily took place because the other banks like the Bank of America were almost ready to merge with other big banks like FleetBoston. This merger took place because the financial institutions came under increasing pressure during the time of recession. The announcement of this merger was made on 14 January 2004. The Wall Street reacted very positively because of this merger and the NASDAQ witnessed growth soon after the merger took place. This change took place because the two financial institutions wanted to downsize and cut the deadwood out. The aim was to save about $2.2 billion over three years  and it was planned to eliminate as many as 10,000 people. This again goes to show how desperate even the biggest financial institutions were at the time of recession. Mergers and acquisitions were very common and these overtures were the initial signs which showe d that almost all the big financial institutions were panicking. Volatile corporate banking was the major factor on which JP Morgan primarily functioned. â€Å"Wall Street analysts generally praised the merger, and investors climbed on board. Typically, the shares of the acquirer fall, reflecting the cost of the acquisition. In this case, investors are signaling they believe the combined company will make up for that cost by holding the shares in the $39-$40 range, about where they were before the deal was announced. J.P. Morgan has been on a roll, with its shares up about 74% in the past 12 months. Bank One shares jumped about 15% when the deal was announced, matching the premium J.P. Morgan will pay. Such a move is typical in an acquisition.† (JP Morgan Chase) The investors looked less enthusiastic with the deal between Bank of America and Fleet-Boston. This deal was for a whopping $48 billion. The shares of Fleet-Boston were driven up as a result of this deal because Bank of America offered 40% premium in this deal. The shares of Bank of America however came down and the investors lost a lot of money consequently. Big mergers take place because both the companies involved in the merger want to grow at a tremendous pace but this merger was not very useful for both the financial institutions. The collapse of WORLDCOM in the year 2005 signaled trouble for JP Morgan chase, the institution had to pay a whopping sum of $2 billion. This sum was paid to the different shareholders who had lost a lot of mon

Gender and International development, Research proposal Essay

Gender and International development, Research proposal - Essay Example Based on the research, their a strong evidence for the relationship when looking at the attitudes surrounding the preference of sons. However, there is a weak relationshop and less pervasive when focusing at some of the behaviors that are motivate by the preference of sons. Expression of behavior as a result of son preference are subjected to situational contingencies that are not related to the bias that girls receive. It is therefore imperative to maintain the difference between the behavioral discrimination and the attitude prejudice when evaluating the theories surrounding the preference of sons. The paper will therefore, research on the problems and manifestation that arises as a result of son preference. For instance, the sex ratio in India is declining at a fast rate and if the same continues, then the girl child may be declared instinct. The paper equally makes an attempt to understand the fate of the girl0child who is lucky enough to survive through infancy. The paper has id entified ten sources for the research. A brief summary of the findings of these sources has been outlined below The author of this article demonstrates the prevalence of high sex ratios of male to female children. It is indicated that selective sex abortions are always on the rise so as to maintain the cultural as well as parental preference of male to female children. Despite the government efforts to introduce policies aimed at curbing this vice, the same policies have proved over and over again to be unsuccessful. This is mainly due to the societal encouragement and preference of sons to daughters. Das Gupta, M., Zhenghua, J., Bohua, L., Zhenming, X., Chung, W., & Hwa-Ok, B. Why is Son preference so persistent in East and South Asia? a cross-country study of China, India and the Republic of Korea. Journal Of Development Studies, 40(2), (2003).:153-187. According to the article, the author articulates that son preference has persisted in East and