lesson4
Dear Nao,
Thank you for your fourth message. My comments follow.
Sincerely,
Prof Sue Garreis
Dear Prof G,
This is Nao.
Thank you for your reply and corrections of my English.
I sent an email from my home. I 'm sorry that an answer is late.
Sending from home is fine, Nao. Your answer was not late. By my definition, a student reply is not late if I receive it before I send everyone else's message. But my definition may differ from Prof. Shiina's. His counts. Mine doesn't!
This week I will send a copy of my reply to your home and school.
Do you want me to send to both places every week? It is no trouble.
I will answer your last question.
Homework
1.A. Does Japan's Securities and Exchange Commission have a website? What is it?
→Japan’s Securities and Exchange Commission is called
“ Securities and Exchange Surveillance Commission (SESC). ”
SESC has a website. This is a website; http://www.fsa.go.jp/sesc/
1.B. Name one way the U.S. Securities and Exchange Commission is different from Japan's Securities and Exchange Commission.
→December, 31, 2005, The Tokyo Stock Exchange has 2,351 listed companies, but the New York Stock Exchange has 2,767.
2.A. How many companies listed on the NYSE are not US companies?
→ There are more than 460 listed companies.
2.B. From how many countries do these non-US companies come?
→ They are from 48 countries.
3.A. In yen, what is NTT's operating income for the year ended March 31, 2005?
→ NTT's operating income for the year ended March 31, 2005 was 1,211,201 yen.
In English words this number is one trillion two hundred eleven billion two hundred one million yen.
3.B. In millions of US dollars, what is NTT's operating income for the year ended March 31, 2005?
→ NTT's operating income for the year ended March 31, 2005 was 11,320 million US dollars.
In English words this number is eleven billion three hundred twenty million US dollars.
4.A. What financial information does McDonald's of Japan have at its website?
→ There are "Balance Sheet" and "Income Statement."
4.B. How does that information compare to the financial information at McDonald's USA site?
→ McDonald's USA site has more financial information than the McDonald's of Japan site.
4.C. Have you ever eaten at McDonald's? What did you eat? Did you like the food?
→ Yes, I have. I like double cheeseburger.
5. How does the flow of accounting information over the Internet help corporations and investors?
→There is accounting information to help investors with their decision making.
Also, corporations can attract investors through the information posted on the Web. Corporations can see their competitors' sites. The companies can see how they compare to each other.
I'm waiting for your reply.
Sincerely. Nao
This week the big business news is that the New York Stock Exchange and Euronext merged. There is now a global stock
exchange. It is the first trans-Atlantic stock exchange. It will be a very big exchange. The market capitalization is fifteen
billion Euros (EUR 15,000,000,000) or twenty billion US dollars (US$20,000,000,000).
The next lesson is about the first financial statement--the Balance Sheet. It shows the financial position of a company on a certain date. We will study the balance sheet for two lessons. The first balance sheet lesson is at:
http://www72.homepage.villanova.edu/susan.stiner/cgu/balance106.htm
On Saturday my husband and I went to the Greek Festival. A local Greek Orthodox church has a big festival every year.