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The Rise Of Artificial Intelligence: An Analysis On The Future Of Accountancy, Cara Jaslove May 2017

The Rise Of Artificial Intelligence: An Analysis On The Future Of Accountancy, Cara Jaslove

Psychology

The concern for the replacement of accountants with an artificial intelligence system is a current and pressing issue. As new certified public accountants enter the field, they must adapt to the rapid changes and innovations of today. This thesis will exam ine and analyze how the accounting industry has been impacted by artificial intelligence, as well as potential threats to new hires. Ultimately, accountants should not fear replacement, but rather must tailor their abilities to the newest technologies. Ove rall, artificial intelligence will add value to the accounting industry, as certified public accountants can shift their attention from monotonous tasks …


Exploring The Significant Differences Between Chinese And U.S. Corporations, Tianqi Liao May 2017

Exploring The Significant Differences Between Chinese And U.S. Corporations, Tianqi Liao

Accounting

This thesis explores the significant differences between a Chinese corporation and an American corporation. Their corporate structures, governance, compensation packages, shareholder rights, information transparency, types of disclosure, and government support were assessed. The two similar public companies which were selected included Suning Commerce Group Co., Ltd., the Chinese firm and Best Buy Co., Inc. the American firm. The corporations were compared and contrasted and the advantages and disadvantages of each type of system were explored. A wide range of differences were discovered including the fact that the Chinese firm has two governing boards (Board of Directors and Supervisory Committee) and …


Equity Sell Disciplines Across The Style Box, Robert S. Krisch May 2017

Equity Sell Disciplines Across The Style Box, Robert S. Krisch

Accounting

This study examines the use of four major equity sell disciplines across the equity style box. Specifically, large-cap and small-cap securities are tested to see which of the four sell disciplines consistently produces the best portfolio returns. Data from the Plan Sponsor Network (PSN) are used to calculate each portfolio’s benchmark-adjusted return (BAR), information ratio, and Sharpe ratio. These ratios are used to evaluate sell discipline strategy based on each portfolio’s market capitalization and style focus. Three regressions are run for each BAR, information ratio and Sharpe ratio. The analysis is repeated for all four corners of the style box. …