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DOES VACCINE CAUSES AUTISM 8 hours ago · Here's the surefire way to make writing Term Papers on Efficiency easier and, perhaps, even more fun – use the rectoria.unal.edu.co free samples database to your advantage. 1 day ago · Efficient markets are markets, on which market prices reflect the intrinsic value of the assets traded. This means that no assets are undervalued or overvalued and there is no pressure on the. 2 hours ago · Introduction Random walk hypothesis The efficient market hypothesis (EMH) is an idea partly developed in the s by Eugene Fama. It is an investment theory that states it is impossible to "beat the market" because stock market efficiency causes existing shares to always incorporate and reflect all relevant information. According to the EMH, stock always trade at their fair value on stock.
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efficient market hypothesis definition.

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The origin of efficient market hypothesis definition accounting could be traced to the parable of talents in the holy Bible Mathew about a man who delivered his goods to three of his servants and traveled to a far country two of them traded with their and made profits while the third went and buried his in the ground. A very fundamental point to note is that a fund is an accounting entity. A successful organization whether private public profit or non profit making needs to keep proper account of cash inflows and outflows.

Therefore the importance of fund accounting in public sector including local government cannot be over-stressed local government by their nature an concerned with the provision of prescribed services at local level and carrying out certain local functions thus the accounts kept by the local governments is designed to. The essence of the foregoing is that a local government should be able to demonstrate sound stewardship in the conducts of the financial affairs of the community which is serves. Factually click at this page accounting arrangement of the local government are some times described as stewardship accounting this term dues not however imply and different objectives and emphasis form those of a business organization. Nevertheless local governments accounting is as deeply rooted in the double entry system as business efficient market hypothesis definition. Books of prime entry and ledgers are maintained trial balances are regularly prepared and these lead on the preparation of summary accounts of revenue and expenditure for the appropriate period and a statement of affairs at the end of that period.

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In efficient market hypothesis definition since the local government is duty bound to report all its financial activities to higher echelons government and the general public the account must be comprehensive enough to enable people to know how public funds entrusted in the hands of the government have been utilized. Some local government system does not have qualified staffs that take proper account of their revenue and expenditure therefore they do no keep proper book of account. More so, they do not public their financial statement to the public or to the state and federal government since improve book of account are being kept by them. The financial memoranda which governs the local government accounting spells out the rules and regulations which the financial activities of the local government must conform with in order to produce a true and fair view of the local government statement of affairs.

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In spite of these rules and regulation there are some constraints or weakness that hinder its effectiveness. The purpose of the study is therefore to pin-point those problems and proffer means of eradicating them completely or at least reducing them to the nearest minimum. This study is important in many respects efficient market hypothesis definition now that there is an increase in the number of local government created by the federal government.

Since the local government owes the duty to report its financial activities to the general public and to the federal and state governments proper books of account must be kept in order to a achieve this objective at any particular time. The study attempts to give an insight in to the fund accounting system of the local government and the management of such funds.

Though the power and the method of accounting or public funds are entrenched in the financial memoranda of the local governments the problem of proper receipts custody and disbursement smoking be illegal essay funds have remained unsolved in the local governments. The scope of the study is to look in to all areas of sources of revenue and expenditure of the local governments as contained in the financial memoranda and the method source accounting adopted to records its financial transactions and activities. There is no research study no matter how well conducted that is free form certain limiting factors. This study therefore is no exception to this assertion. Apart from the limiting factors within the reach of researcher herself there are some other imposed in her by the nature of efficient market hypothesis definition society and the laid down polices in the government establishment.

efficient market hypothesis definition

The greatest identifiable limiting factors are shown below. Time: Time constituted a major limiting factors approval of this work and the start of the second semester examination. I have in addition to this project work six other course to this project work six other course to compete.

These limitations should not however be misconstrued as a justification for any short coming if at all.

efficient market hypothesis definition

Secondary the research was conducted in Nsukka local government of Enugu state a place far away from the place he researcher usual place of residence. This means that hypothesus researcher akinomi to travel all the way form Enugu to Nsukka to conduct the study. Time loss in terms of lectures missed is a big cost in itself.

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Finance: Money is hard to come by especially in this hard biting economic condition for this reason there is hardly any student who can effectively carryout a research work if the needed finances cannot be provide. In my own case, because of financial constraints I was forced to limited the scope of my study to Nsukka local government of Eefficient state. A lot of money is needed for typing and running of questionnaires but despite these impediments the author was able to obtain the information she needed the research.

Dearth of literary efficient market hypothesis definition There are few literary publications on this subject and so the researcher was limited to researcher was limited to reviewing only.

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Bureaucracy: Government establishments are well know operations more so when it is a study that concerns their financial operations. The permission for the study to proceed was never a triumph for it turned out to be an open invitation to a more tasking handle.

efficient market hypothesis definition

Some of the officials refused to grant interviews while those official that granted interview were reservedly unco-operative.]

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