Studienarbeit aus dem Jahr 2014 im Fachbereich BWL - Rechnungswesen, Bilanzierung, Steuern, Note: 1,5, Frankfurt School of Finance & Management, Sprache: Deutsch, Abstract: Ziel der vorliegenden Arbeit ist es, eine kritische Würdigung des kürzlich veröffentlichten Discussion Papers DP/2014/1 „Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging” vorzunehmen. Die Arbeit fokussiert sich primär auf die Auswirkungen für den Bankenbereich hinsichtlich der Steuerung von Zinsrisiken. Das International Accounting Standard Board (IASB) hat am 24. Juli 2014 die finale Fassung von IFRS 9 veröffentlicht und den 1. Januar 2018 als verpflichtenden Erstanwendungstermin bekanntgegeben. Die Vorschrift ersetzt den bisher gültigen und aufgrund seiner Komplexität viel kritisierten IAS 39 im Rahmen des dreistufigen IAS 39 Replacement Projects. Die ursprüngliche Absicht des IASB auch Neuregelungen für offene Portfolien im Rahmen von Phase 3 „Hedge Accounting“ in IFRS 9 aufzunehmen, wurde im Mai 2012 aus dem Projekt ausgeklammert und in ein eigenes Sonderprojekt mit längerer Entwicklungsdauer überführt. Da IFRS 9 keine spezifischen Regelungen zur Bilanzierung von Sicherungsbeziehungen auf Macro-Ebene enthält (macro hedge ac-counting), soll ein speziell für Macro Hedges entwickeltes Bilanzierungsmodell in einem gesonderten Standard veröffentlicht werden. Nachdem in Kapitel 1 die Problemstellung und Zielsetzung konkretisiert und erläutert wird, beinhaltet Kapitel 2 eine Einführung in die Grundlagen und Hintergründe des Diskussionspapiers. Zunächst wird der Zusammenhang zwischen Accounting und Risikomanagement betrachtet. Es folgt eine Darstellung der bisherigen Regelungen zur Absicherung von Zinsrisiken auf Portfolioebene und die wichtigsten Kritikpunkte. Kapitel 3 befasst sich mit der Darstellung und kritischen Würdigung der wesentlichen Aspekte des Discussion Papers. Zunächst wird die Zielsetzung des dynamischen Risikomanagements erläutert, im Anschluss folgen eine Diskussion über die Zusammensetzung der gesteuerten Portfolien sowie über die Funktionsweise und Abbildung des Portfolio Revaluation Approach (PRA). Darauf aufbauend werden in Kapitel 4 die Ausweisalternativen dargestellt. Kapitel 5 schließt mit einer Zusammenfassung der wesentlichen Ergebnisse der Arbeit.
Aroma biotechnology opens access to natural volatile flavors. Due to the attribute of "naturalness" these aromas are the most valuable ingredients for foods, cosmetics and related products. The author describes biocatalyzed reactions and biogenetic routes leading to aroma and flavor compounds and he depicts in detail their utilisation in industrial scale processes. All the important topics, including de-novo-synthesis, genetic engineering, in vitro rDNA methods, laboratory requirements and techniques, upscaling, product recovery, profitability, and legal aspects are covered. R.G. Berger contributes his own experimental experience to all except one chapter and leads the reader into state-of-the-art aroma biotechnology.
Fiction is fascinating. All it provides us with is black letters on white pages, yet while we read we do not have the impression that we are merely perceiving abstract characters. Instead, we see the protagonists before our inner eye and hear their voices. Descriptions of sumptuous meals make our mouths water, we feel physically repelled by depictions of violence or are aroused by the erotic details of sexual conquests. We submerge ourselves in the fictional world that no longer stays on the paper but comes to life in our imagination. Reading turns into an out-of-the-body experience or, rather, an in-another-body experience, for we perceive the portrayed world not only through the protagonist's eyes but also through his ears, nose, tongue, and skin. In other words, we move through the literary text as if through a virtual reality. How does literature achieve this trick? How does it turn mere letters into vividly experienced worlds? This study argues that techniques of sensuous writing contribute decisively to bringing the text to life in the reader's imagination. In detailed interpretations of British novels of the 1980s and 1990s by writers such as John Berger, John Banville, Salman Rushdie, Jeanette Winterson, or J. M. Coetzee, it uncovers literary strategies for turning the sensuous experience into words and for conveying it to the reader, demonstrating how we make sense in, and of, literature. Both readers interested in the contemporary novel and in the sensuousness of the reading experience will profit from this innovative study that not only analyses the interest of contemporary authors in the senses but also pin-points literary entry points for the sensuous force of reading.
Fiction is fascinating. All it provides us with is black letters on white pages, yet while we read we do not have the impression that we are merely perceiving abstract characters. Instead, we see the protagonists before our inner eye and hear their voices. Descriptions of sumptuous meals make our mouths water, we feel physically repelled by depictions of violence or are aroused by the erotic details of sexual conquests. We submerge ourselves in the fictional world that no longer stays on the paper but comes to life in our imagination. Reading turns into an out-of-the-body experience or, rather, an in-another-body experience, for we perceive the portrayed world not only through the protagonist's eyes but also through his ears, nose, tongue, and skin. In other words, we move through the literary text as if through a virtual reality. How does literature achieve this trick? How does it turn mere letters into vividly experienced worlds? This study argues that techniques of sensuous writing contribute decisively to bringing the text to life in the reader's imagination. In detailed interpretations of British novels of the 1980s and 1990s by writers such as John Berger, John Banville, Salman Rushdie, Jeanette Winterson, or J. M. Coetzee, it uncovers literary strategies for turning the sensuous experience into words and for conveying it to the reader, demonstrating how we make sense in, and of, literature. Both readers interested in the contemporary novel and in the sensuousness of the reading experience will profit from this innovative study that not only analyses the interest of contemporary authors in the senses but also pin-points literary entry points for the sensuous force of reading.
Evelyn von Mallinckrodt erzählt ihre eigene Geschichte und die ihrer Familie. Ihre Großmutter wird 1936 von einem Gutshof gejagt, nachdem sie von dem Hausarzt des Gutsherren vergewaltigt und geschwängert wurde. Im darauffolgenden Jahr wird Evelyns Mutter geboren, die sofort nach der Geburt in eine Pflegefamilie gegeben wird. Als die Großmutter einen kriegsversehrten Soldaten geheiratet hat, holt sie ihre Tochter aus der Pflegefamilie zurück. Nachdem sie in den Westen geflohen sind, verschlechtert sich das Verhältnis zusehends, sodass sich Evelyns Mutter im Alter von 17 Jahren von ihrer eigenen Mutter, Evelyns Großmutter, trennt. Nach dem Ende der Schulzeit arbeitet Evelyns Mutter in einem Kurhotel, wo sie ein Verhältnis mit einem Gast hat und schwanger wird. Nach dem Scheitern der Ehe gibt auch sie ihre erste Tochter in eine Pflegefamilie. In der zweiten Ehe wird Evelyn geboren, doch auch diese Ehe scheitert. Evelyn erlebt schreckliche Jahre in einer Klosterschule, in dieser Zeit lernt sie ihren späteren Ehemann kennen. Nach dem Scheitern ihrer ersten Ehe lernt sie den zweiten Ehemann kennen, mit dem sie drei Töchter bekommt, doch auch diese Ehe scheitert. Nach vielen Jahren der Entbehrungen erlebt Evelyn die große Liebe, mit dem Vater ihres vierten Kindes, der sich schließlich ebenfalls als eine Enttäuschung entpuppt. Am Ende des ersten Bandes lebt Evelyn als alleinerziehende Mutter mit ihren vier Kindern zusammen. In Band II erfahren die Leserinnen und Leser dann, wie es in ihrem Leben weitergeht.
How is it that Islam is so feared and misunderstood among Christians? Is there any possibility of an open dialogue between Muslims and Christians that will lead to a greater understanding of both? Ralf K. Wüstenberg explores these and other questions in an in-depth investigation of Islam, using as his guide the teachings of the revered Muslim scholar, Al-Ghazali, and placing them in dialogue with those of the protestant theologian and Reformer, John Calvin. The journey of discovery offered in this book is of long-lasting value to both Christians and Muslims as they seek to find common ground in understanding the most important and basic tenets of each other’s faith.
This book provides a comprehensive overview of the taxonomy, biology, sedimentation, and carbonate geochemistry of modern species. Students, early career and advanced scientists alike will profit from a broad synthesis of the current understanding of planktic foraminifers as an ecological indicator, biogeochemical factories, and proxies in paleoceanography. The classification of modern species is amply illustrated with electron and light microscope images of morphotypes, addresses the state-of-the-art of molecular genetics of species, and provides a detailed guide for any laboratory analyses. The biology of planktic foraminifers is extensively discussed in chapters dedicated to the cellular ultrastructure, nutrition, symbionts, reproduction, ontogeny, and test architecture. Building on the biological prerequisites, the distribution of planktic foraminifers is discussed at regional to global scale. The geochemistry and sedimentation of tests are considered in relation to the ecology of the living animal. In the final chapter, which examines the most common methods in planktic foraminifer research, hands-on information is provided on sampling, processing and analyzing samples in the laboratory, as well as selected established methods for data interpretation. The various topics discussed in this book are aimed at the application of planktic foraminifers as sensitive indicators of the changing climate and marine environment.
This volume presents the proceedings of a conference hosted by the American School of Classical Studies, Athens and the Deutsches Archäologisches Institut, Athens in 2004. There are additional contributions from Patricia Butz, Robin Osborne, Katherine Schwab, Justin St. P. Walsh, Hilda Westervelt and Lorenz Winkler-Horacek. The contents are divided into four sections I. Structure and Ornament; II. Technique and Agency; III. Myth and Narrative and IV. Diffusion and Influence. Highlights include Robin Osbornes discussion of What you can do with a chariot but cant do with a satyr on a Greek temple; Ralf von den Hoffs consideration of the Athenian treasury at Delphi; and Katherine Schwabs presentation of New evidence for Parthenon east metope 14. The papers not only cover a great variety of issues in architectural sculpture but also present a range of case studies from all over the Greek world. The result is an important collection of current research.
The Second World War affected the lives and shaped the experience of millions of individuals in Germany - soldiers at the front, women, children and the elderly sheltering in cellars, slave labourers toiling in factories, and concentration-camp prisoners and POWs clearing rubble in the Reich's devastated cities. Taking a 'history from below' approach, the volume examines how the minds and behaviour of individuals were moulded by the Party as the Reich took the road to Total War. The ever-increasing numbers of German workers conscripted into the Wehrmacht were replaced with forced foreign workers and slave labourers and concentration camp prisoners. The interaction in everyday life between German civilian society and these coerced groups is explored, as is that society's relationship to the Holocaust. From early 1943, the war on the home front was increasingly dominated by attack from the air. The role of the Party, administration, police, and courts in providing for the vast numbers of those rendered homeless, in bolstering civilian morale with 'miracle revenge weapons' propaganda, and in maintaining order in a society in disintegration is reviewed in detail. For society in uniform, the war in the east was one of ideology and annihilation, with intensified indoctrination of the troops after Stalingrad. The social profile of this army is analysed through study of a typical infantry division. The volume concludes with an account of the various forms of resistance to Hitler's regime, in society and the military, culminating in the failed attempt on his life in July 1944.
The book on deposition, diagenesis, and weathering of organic matter-rich sediments is a summary of seven years of research work of the author at the Institute of Petroleum and Organic Geochemistry in J}lich. It contains a comparision of various depositional environments (lakes, deltas, seas)with respect to organic matter characteristics, a special chapter on the deposition of the Posidonia shale, a summary of organic matter maturation and related petroleum generation, and a chapter on the use of maturationparameters as calibration tools for numerical modelling of temperature histories of sedimentary basins. Also, microscopic effects of petroleum generation and oil to gas cracking are treated. The final chapters deal withcoals as source rocks for oil and gas and with the effects of weatheringon sediments which are rich in organic matter.
Ralf Dahrendorf has written a compelling book which, no doubt, will stimulate considerable discussion. It is the brilliant contribution of a convinced liberal to the study of conflict within contemporary democratic society."--Saul Friedlander, University of California, Los Angeles "Ralf Dahrendorf has written a compelling book which, no doubt, will stimulate considerable discussion. It is the brilliant contribution of a convinced liberal to the study of conflict within contemporary democratic society."--Saul Friedlander, University of California, Los Angeles
The supply chain is at the heart of every successful business organization's decision-making process. This textbook explains how to create a winning supply chain management strategy by spotlighting how senior executives in European and US companies have turned their supply chains into strategic weapons designed to convert threats, risks and outside pressures into competitive advantages. Strategic Supply Chain Management contains twenty real-world cases, all of which have been field researched by a top author team and tested out in the classroom. Each case adopts an executive leadership perspective to illuminate the real dilemmas faced by managers. The authors draw on their extensive classroom and industry experience to ensure that the writing style is geared towards an executive education readership. This elite case package will provide a complete teaching resource and authentic learning experience for MBA and executive education classes in Supply Chain Management throughout the world.
Since the appearance of its first edition in Germany in 1979, A History of German Literature has established itself as a classic work used by students and anyone interested in German literature. The volume chronologically traces the development of German literature from the Middle Ages to the present day. Throughout this chronology, literary developments are set in a social and political context. This includes a final chapter, written for this latest edition, on the consequences of the reunification of Germany in 1990. Thoroughly interdiscipinary in method, the work also reflects recent developments in literary criticism and history. Highly readable and stimulating, A History of German Literature succeeds in making the literature of the past as immediate and engaging as the works of the present. It is both a scholary study and an invaluable reference work for students.
This book provides specialists and executives with a clear, yet practical set of recommendations to meet the challenges of digital transformation and ensure long-term success as a leader in a primarily digital business world. The authors describe the fundamental principles of digitization and its economic opportunities and risks, integrating them into a framework of classic and new management methods. The book also explores how increasing digitization – not only of communication, but of complete value chains – has led to a need to establish a digital business leadership. Digitization is changing people and markets: it causes the upheaval of entire industries, creates new digital-centric companies, and forces established companies to cope with the transformation activities associated with these digitization processes. New approaches and methods have to be learned, tried and tested patterns of thinking have to be explored, and last but not least, innovation activities have to be understood as continuous necessities. At the same time, digital business offers considerable opportunities for renewing competitive advantages, improving existing process structures and realigning products, services and business models.
When a nation is working through its past, the call for reconciliation is often expressed, as was the case in South Africa after the end of apartheid and in Germany after the fall of the Berlin Wall. Informed by Ralf Wstenberg s long residence in South Africa and his own native Germany, this book investigates the conditions and dynamics associated with political reconciliation. Wstenberg starts from the observation that reconciliation as a central theme in Christian theological teaching is spoken of in both theology and politics. But does it mean the same thing in both contexts? Is there a commonality of meaning for words like guilt and reconciliation in politics and theology? Where and under what conditions is it possible to translate from theological language into political and vice versa? Wstenberg s study promotes a genuine dialogue between religion and politics by carefully analyzing moral discourses in political transitions to democracy.
A methodologically sophisticated, comprehensive approach to applying the Agile fixed-price contract to IT projects while maximizing customer and supplier relationships "Interesting and necessary for IT managers and IT lawyers." —Walter J. Jaburek, Dipl.-Ing., Dr. iur., Dr. techn. Approximately 50 percent of software developers use Scrum, an iterative and incremental development method for managing software projects and product or application development, in their work. The benefit of Scrum and other Agile methods is that they can address shifts in a large project that traditional managerial methods cannot. Written by pioneers and leaders in the field of Agile and Scrum, Agile Contracts is the only book dedicated exclusively to the legal, procurement, and project management considerations of Agile contracts. Providing templates, a toolbox, and examples of Agile fixed-price contracts, the book presents an alternative option to fixed-price, time-based, and supply-based contracts—reducing the risk for both the supplier and the customer with a contract that offers the possibility of flux and flexible scenarios as a project progresses. Agile Contracts features in-depth chapter coverage of: The Agile Manifesto of 2001 Agility from the perspective of procurement and the software provider The problems with traditional fixed-price contracts and time material contracts What the Agile fixed-price contract is and how it is set up Tendering based on the Agile fixed-price contract How to negotiate an Agile fixed-price contract Special guidelines for the legal framework of an Agile fixed-price contract Adaptable Scope System The Black Swan scenario Contracts and procedures for the featured methodologies Especially applicable within highly structured business organizations, Agile Contracts is a must-read for project managers, agile practitioners, procurement representatives, and IT lawyers.
Christology: How Do We Talk about Jesus Christ Today? explores key questions that concern those who struggle to reconcile today's world with the faith and witness of centuries of Christianity. How do we talk about Jesus in a world that demands inclusivity and shies away from ideologies and doctrines of any kind? What does it mean to talk about Jesus in theological terms? Driving this book is the nature and core of the Christian witness, which acts like a GPS, guiding the reader through the terrain of a modern theological discussion of Christ.
Language is a natural resource: Power and vulnerability are associated with access to language, just as to food and water. In this new book, a linguist and philosopher elucidate why language is so powerful, illuminate its very real social and political implications, and make the case for linguistic equality—equality among languages and equality in access to/knowledge of language and its use—as a human right and tool to prevent violence and oppression. Students and instructors will find this accessible, interdisciplinary text invaluable for courses that explore how language reflects power structures in linguistics, philosophy/ethics, and cognitive science/psychology.
This book describes a novel approach to the study of Siegel modular forms of degree two with paramodular level. It introduces the family of stable Klingen congruence subgroups of GSp(4) and uses this family to obtain new relations between the Hecke eigenvalues and Fourier coefficients of paramodular newforms, revealing a fundamental dichotomy for paramodular representations. Among other important results, it includes a complete description of the vectors fixed by these congruence subgroups in all irreducible representations of GSp(4) over a nonarchimedean local field. Siegel paramodular forms have connections with the theory of automorphic representations and the Langlands program, Galois representations, the arithmetic of abelian surfaces, and algorithmic number theory. Providing a useful standard source on the subject, the book will be of interest to graduate students and researchers working in the above fields.
This work summarizes the historical progression of the field of lithium (Li) isotope studies and provides a comprehensive yet succinct overview of the research applications toward which they have been directed. In synthesizing the historical and current research, the volume also suggests prospective future directions of study. Not even a full decade has passed since the publication of a broadly inclusive summary of Li isotope research around the globe (Tomascak, 2004). In this short time, the use of this isotope system in the investigation of geo- and cosmochemical questions has increased dramatically, due, in part, to the advent of new analytical technology at the end of the last millennium. Lithium, as a light element that forms low-charge, moderate-sized ions, manifests a number of chemical properties that make its stable isotope system useful in a wide array of geo- and cosmochemical research fields.
This book provides important guidelines for the digital transformation process and shows how established companies in particular can use digitization for their strategic further development. It highlights developments in IT and data management, supported by AI, and analyzes how marketing, sales, HR, the corporate organization and controlling must be transformed in the digital age in order to take advantage of these new opportunities as early and comprehensively as possible. The tools offered in this book will support companies in actively shaping the change.
This book provides an introduction into the field of digital medicine, its wide spectrum of current clinical applications, and the future practice of medicine. With "digital health" and "digital medicine" at its core, it focuses on the combination of therapeutics with modern hard- and software solutions, including artificial intelligence and advanced diagnostic technologies such as augmented imaging and ingestible or wearable (nano)sensors, to provide best patient care. In the four parts of this book, experts in the field have authored use cases and guiding principles on the visualization of patient data analytics and clinical decision support tools, including robotic-guided interventions, as well as nursing research along with palliative and inpatient care. The book also provides examples of "digital medicine" from almost all clinical disciplines together with technical and e-learning solutions.
The completion of the Human Genome Project and the rapid progress in cell bi- ogy and biochemical engineering, are major forces driving the steady increase of approved biotech products, especially biopharmaceuticals, in the market. Today mammalian cell products (“products from cells”), primarily monoclonals, cytokines, recombinant glycoproteins, and, increasingly, vaccines, dominate the biopharmaceutical industry. Moreover, a small number of products consisting of in vitro cultivated cells (“cells as product”) for regenerative medicine have also been introduced in the market. Their efficient production requires comprehensive knowledge of biological as well as biochemical mammalian cell culture fundamentals (e.g., cell characteristics and metabolism, cell line establishment, culture medium optimization) and related engineering principles (e.g., bioreactor design, process scale-up and optimization). In addition, new developments focusing on cell line development, animal-free c- ture media, disposables and the implications of changing processes (multi-purpo- facilities) have to be taken into account. While a number of excellent books treating the basic methods and applications of mammalian cell culture technology have been published, only little attention has been afforded to their engineering aspects. The aim of this book is to make a contribution to closing this gap; it particularly focuses on the interactions between biological and biochemical and engineering principles in processes derived from cell cultures. It is not intended to give a c- prehensive overview of the literature. This has been done extensively elsewhere.
Artificial Intelligence (AI) will change the lives of people and businesses more fundamentally than many people can even imagine today. This book illustrates the importance of AI in an era of digitalization. It introduces the foundations of AI and explains its benefits and challenges for companies and entire industries. In this regard, AI is approached not just as yet another technology, but as a fundamental innovation, which will spread into all areas of the economy and life, and will disrupt business processes and business models in the years to come. In turn, the book assesses the potential that AI holds, and clarifies the framework that is necessary for pursuing a responsible approach to AI. In a series of best-practice cases, the book subsequently highlights a broad range of sectors and industries, from production to services; from customer service to marketing and sales; and in industries like retail, health care, energy, transportation and many more. In closing, a dedicated chapter outlines a roadmap for a specific corporate AI journey. No one can ignore intensive work with AI today - neither as a private person, let alone as a top performer in companies. This book offers a thorough, carefully crafted, and easy to understand entry into the field of AI. The central terms used in the AI context are given a very good explanation. In addition, a number of cases show what AI can do today and where the journey is heading. An important book that you should not miss! Professor Dr. Harley Krohmer University of Bern "Inspiring, thought provoking and comprehensive, this book is wittingly designed to be a catalyst for your individual and corporate AI journey.” Avo Schönbohm, Professor at the Berlin School of Economics and Law, Enterprise Game Designer at LUDEO and Business Punk
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