This paper explores the leasing standard update ASC 842, and its potential impact on investors. In addition to analyzing the differences between the old and new standard, this paper explores if there will be any impacts on investors, by testing investor reactions to news releases of ASC 842, conducting interviews with accounting professionals and testing the sophisticated ownership in selected companies. The results from these tests conclude that while there might be a difference in the financial statements with the implementation of ASC 842, there will be no significant impacts on investors of companies with large lease obligations.

With the updated leasing standard from the Financial Accounting Standards Board (FASB) going into effect, companies will need to understand the basic principles and new definition of a lease, as well as the types of leases. Then they will be able to account for them properly, and more information will be transparent to the users.

This thesis examines the impact of the new revenue recognition standard, Accounting Standard Codification 606 (ASC 606), on the preparation and presentation of the financial statements. This thesis also inspects the impact of this change on the financial markets. This study begins with a qualitative examination of the impacts pertaining to ASC 606 through expert interviews and close examination of previously published reports. This paper later analyzes the financials of 10 specific companies and the effects attributed to ASC 606. And finally, this paper analyzes the effect of this change on the financials markets by examining the stock prices of each firm in the days surrounding the release of the updated financials.

No description available.

<p>  </p> <p>The implementation of ASC 606 significantly changed revenue recognition practices for many firms in the capital market by increasing the level of discretion required to record revenue amounts. I examine the impact of this increase in discretion on revenue manipulation around external targets. I find that firms near analyst revenue targets have increased levels of discretionary revenues under ASC 606 relative to their peers, indicating increased revenue manipulation. Further analysis reveals that these increased levels of discretionary revenues are concentrated in firms characterized as having increased opportunity or incentive to use ASC 606 opportunistically to manipulate revenues upwards. Specifically, firms with more complex revenue operations and firms in earlier life cycles are associated with increased discretionary revenues under ASC 606. I also provide preliminary evidence of revenue manipulation varying systematically with industry characteristics. This paper is one of the first to provide evidence of capital market consequences stemming from ASC 606, while also highlighting the impact of firm characteristics on the choice to manage revenues.</p>

This study used thematic analysis to investigate the blogs of parents of children diagnosed with an Autism Spectrum Condition, with a particular focus on themes that emerge when parents write about themselves, their child and their family relationships. The first stage of the study involved a broad analysis of the first six months of entries presented within eight blogs. Themes which emerged during this stage included ‘Coping’, ‘Searching for an explanation - Meaning making’ and ‘Sense of belonging vs not belonging’. The second stage of the study involved a deeper analysis of two of the eight blogs, used as case studies, which were selected due to differing on aspects of the themes found during the first stage of analysis. Themes which emerged from the second stage were a superordinate theme of ‘Searching for an explanation - Meaning making’, with subordinate themes of ‘Relationship with ASC’ and ‘Relationship with society’. There were only brief mentions of family relationships within the blogs, except the relationship with the child and it seemed that parents often made sense of their experiences through their relationship with ASC and their relationship with society. Many of the parents who blogged reported changes in their relationship with society due to feeling that others do not understand and a sense of not belonging. It seemed that blogging provided a sense of belonging and a way of being understood for these parents, as well as a source of information to help parents explore ASC and their relationship with ASC. The themes that emerged may provide important information for clinicians and the implications of the research findings are discussed. The limitations of the study are noted and there are suggestions for future research.

Acute myocarditis is an acute inflammatory syndrome characterized by myocardial damage and dysfunction often due to a viral infection followed by a variable development over time. There are currently no specific treatments and standard treatments for heart failure are generally applied. The inflammasome is a recently identified macromolecular structure that occupies a central role in the amplification of the inflammatory response and promotion of cell death during acute and chronic infections. We hypothesized the formation of the inflammasome in acute myocarditis. To investigate, samples of patients were collected from the Cardiomyopathy Registry in Trieste, with 12 cases of biopsy-proven myocarditis and 11 cases of autopsy-proven myocarditis stained for major components of the inflammasome through immunofluorescence; 10 of the 12 (83.3%) biopsy cases and 8 of the 11 (72.7%) autopsy cases presented formation of the inflammasome in a variety of cells including resident cells (i.e. cardiomyocytes, endothelial cells, fibroblasts) and infiltrating cells (i.e. leukocytes) while varying in intensity and distribution. Control samples of 5 subjects not presenting with any acute cardiac events showed no formation of the inflammasome. While further studies should look to elucidate the correlation of inflammasome-formation and progression of disease, this finding paves the way for further insight into the pathophysiology of acute myocarditis.

Bakgrund och problem: En av de konvergerade redovisningsstandarder som finns i IFRS och US GAAP är standarden om rörelseförvärv av bolag. Enligt regelverket får inte goodwillposten innehålla identifierbara materiella eller immateriella tillgångar och den ska endast utgöra en minoritet i förvärvsanalysen. Trots standardiseringar kvarstår skillnader mellan förvärv redovisas i Sverige och USA. Enligt tidigare forskning i Sverige utgör goodwill fortfarande en majoritet i köpeskillingen vilket går emot IFRS rekommendationer. En studie av bolag i USA görs för att jämföra med den svenska undersökningen. Syfte: Syftet med studien är att undersöka fördelningen av köpeskillingen vid rörelseförvärv i amerikanska bolag under år 2013. Detta för att se hur fördelningen av köpeskillingen skiljer sig mellan de amerikanska bolagen och tidigare studie av svenska bolag. Metod: Studien utgår från en kvantitativ metod där 80 stycken bolag undersöks. Urval har gjorts från de bolagen med störst börsvärde på Nasdaq. Datan om rörelseförvärv kommer från årsredovisningar från kalenderåret 2013. En kvalitativ forskningsstrategi används sedan med komparativ inriktning för att besvara syftet med studien. Författarna ämnar att tolka och hitta ett mönster för hur fördelningen av köpeskilling skiljer sig. Resultat: Resultatet av undersökningen visar att vissa skillnader finns i fördelningen av köpeskillingen i länderna men skillnaderna är inte markanta. Bolag i USA har en högre andel av immateriella tillgångar än bolag i Sverige. Detta kan förklaras med den hårdare kontrollen från SEC i USA. Med 57 % i immateriella tillgångar och 46 % i goodwill av den totala köpeskillingen kan slutsatsen dras att amerikanska bolag följer rekommendationerna men det är fortfarande en ganska hög andel i goodwill.

Titel: Förstår alla förändringen? – En kvantitativ studie om hur införandet av IFRS 16 och ASC 842 har påverkat företagsvärderingen Författare: Oskar Nordquist och Hampus Eriksson Handledare: Torbjörn Tagesson Bakgrund: Implementeringen av nya redovisningsstandarder påverkar den finansiella informationen som investerade använder som beslutsunderlag på aktiemarknaden. Införandet av de nya leasingstandarderna IFRS 16 och ASC 842 påverkar bland annat nyckeltal som beskriver företagens räntabilitet och skuldsättning, vilket ofta används när man värderar bolag. På grund av detta finns det ett intresse att se om företagens aktiekurs påverkas av implementeringen av IFRS 16 och ASC 842. Syfte: Studiens syfte är att förklara om införandet av redovisningsstandarderna IFRS 16 och ASC 842 har påverkat aktiekursen. Metod: Studien använder sig av en deduktiv ansats och en komparativ design för att för att undersöka ifall det finns ett eventuellt samband mellan införandet av IFRS 16 och ASC 842 med aktiekursförändring. Studien använder sig av kvantitativa data och består av sekundärdata. Slutsats: Studien fann inga bevis för att införandet av IFRS 16 och ASC 842 har påverkat aktiekursen. Kunskapsbidrag: Studien bidrar med utökad kunskap om hur införandet av redovisningsstandarderna IFRS 16 och ASC 842 har påverkat aktiekursen.

La niche des cellules souches hématopoïétiques représente un compartiment complexe et radiosensible. Sa protection est nécessaire pour la restauration de l'hématopoïèse faisant suite à la myélosuppression due à l'exposition aux rayonnements ionisants. Nous avons dans un premier temps étudié l'effet des RI sur les progéniteurs endothéliaux et mésenchymateux de la niche par une étude de radiosensiblilité et une étude d'évaluation de la mort cellulaire. Nous avons proposé par la suite une stratégie innovante de thérapie génique basée sur la sécrétion locale et à court terme du morphogène Sonic hedgehog visant à favoriser la réparation de niche vasculaire et de stimuler les cellules souches hématopoïétiques et les cellules progénitrices résiduelles. Nous avons étudié la réponse hématopoïétique des singes irradiés à 8-Gy gamma après une seule injection intra-osseuse de cellules souches mésenchymateuses xénogéniques, multipotentes et d'origine adipocytaire transfectées avec un plasmide pIRES2-eGFP codant la protéine Shh. La durée de thrombocytopénie et celle de neutropénie ont été significativement réduites chez les animaux greffés et les clonogènes sont normalisés à partir du 42e jour. Les aires sous la courbe des numération des plaquettes et des neutrophiles entre 0 et 30 jours ont été significativement plus élevée chez les animaux traités que chez les témoins. La greffe d'explants de MatrigelTM colonisés ou non avec des ASC chez des souris immunodéprimées a démontré une activité pro-angiogénique notable des ASC transfectées avec le plasmide Shh . Le suivi à long terme (180 à 300 jours) a confirmé une reconstitution durable dans les quatre singes greffés. Globalement cette étude suggère que la greffe de cellules souches multipotentes Shh-peut représenter une nouvelle stratégie pour la prise en charge des dommages radio-induits de la niche. / The hematopoietic stem cell niche represents a complex radiosensitive compartment whose protection is required for recovery from radiation-induced myelosuppression. We initially studied RI effects on endothelial and mesenchymal progenitors by an evaluating radiosensitivity and cell death. Then, we have proposed a new gene therapy strategy based on local and short term secretion of Sonic hedgehog morphogene to favour vascular niche repair and to stimulate residual hematopoietic stem and progenitor cells. We investigated the hematopoietic response of 8-Gy gamma irradiated monkeys to a single intra-osseous injection of xenogeneic multipotent mesenchymal stem cells transduced with a Shh pIRES2 plasmid. Thrombocytopenia and neutropenia duration were significantly reduced in grafted animals and clonogenics normalized from day 42. Areas under the curve of PLTs and ANCs between day 0 and day 30 were significantly higher in treated animals than in controls. Grafting MatrigelTM colonized or not with ASC in immunocompromized mice demonstrated a notable pro-angiogenic activity for Shh-ASC. Long term follow up (180-300 days) confirmed a durable recovery in the four grafted monkeys. Globally this study suggests that grafting Shh-multipotent stem cells may represent a new strategy to cure radiation-induced niche damage.