The impact of a computerised consolidation accounting package (CCAP) on student performance

Purpose &ndash; The purpose of this paper is to investigate the association between the use of a computerised learning tool (specifically designed to teach consolidation accounting) and student performance in the final examination of an undergraduate accounting unit on Corporate Accounting. Design/methodology/approach &ndash; A regression model was developed to analyse 1,103 observations of assignment and examination scores, collected over three semesters, to test the central proposition that computer assisted learning enhances student learning outcomes and performance in the exam. Findings &ndash; The results show a positive and significant relationship between the computerised accounting assignment on consolidated accounting (linked to usage of the computerised tool) and the consolidation question in the final examination. The findings suggest that the computerised consolidation accounting package (CCAP) assists students to understand the concepts underpinning consolidation accounting. Research limitations/implications &ndash; The data were collected from a single institution, which may not represent the population of accounting students. Due to ethical obligations, the study lacked a control group that would have allowed meaningful comparison and assessment of student performance. Furthermore, whilst the findings in this study were able to demonstrate a positive association between the CCAP and exam performance, it is unable to determine the quality and depth of the learning experience from using the CCAP. Practical implications &ndash; The present study found that a CCAP and its usage has the potential to positively impact student performance on assessment tasks on subject matter similar to concepts contained the computer package. Such findings may encourage instructors to seek ways of incorporating learning technologies in the pedagogical design. Originality/value &ndash; This is believed to be one the few papers that has exclusively studied the impact of a specific CCAP and a specific segment in accounting education (consolidation accounting) using direct measures, CCAP assignment score and the final examination score for a question dedicated to consolidation accounting.<br /

Inaugural Finance and Corporate Governance Conference (FCGC 2010)

This paper examines why Australian firms issue standalone warrants and how the market perceives this type of capital raising method. We find that firms with smaller size, smaller issue proceeds, higher risk and lower ownership concentration choose standalone warrants rather than rights issues of equity to raise equity capital. Price reactions to standalone warrant announcements are significantly and positively related to takeup and underwriting status consistent with the findings of Balachandran, Faff and Theobald (JFE, 2008) for the announcements of rights issues of equity. Price reactions are stronger for moderately out-of-the-money warrants than in-the-money and deeply out-of-the-money warrants. We also find that managers of larger/moderate/smaller firms with higher/moderate/lower pre-event RUNUP and lower/moderate/higher risk choose in-themoney/moderately-out-of-the-money/deeply out-of-the money warrants

Inaugural Finance and Corporate Governance Conference (FCGC 2010)

The Australian financial market is unique in enabling firms to raise new capital via right offerings of standalone warrants in seasoned equity offerings. As such, it provides an ideal environment for examining the validity of the Chemmanur and Fulghieri's (1997) signaling model for warrant inclusion in seasoned equity offerings via rights offerings by analyzing across unit offerings, standalone warrants and standalone equity. We provide empirical evidence in support of their model's predictions regarding the issuance of warrants to existing shareholders. The quality dimension contained in the signals is associated with a more favorable stock price reaction, ceteris paribus

Aqueous Methanol Extracts of Cochlospermum tinctorium (A. Rich) Possess Analgesic and Anti-inflammatory Activities

Cochlopermum tinctorium A. Rich. (Cochlospermaceae) is a commonly used medicinal plant in the West Africa sub-region for the management of various conditions including pain and inflammatory conditions. In the present study, we report the analgesic and anti-inflammatory activities of the aqueous methanol leaf (20–80 mg/kg), root (7.5–30 mg/kg), and root bark (20–80 mg/kg) extracts of the plant. The analgesic potentials of the extracts were studied using acetic acid induced writhing and hot plate tests in mice while the anti-inflammatory activity was investigated using carrageenan-induced paw edema in rats.The extracts significantly and dose dependently inhibited the acetic acid-induced writhing in mice. However, the highest protection against writhing was produced by aqueous methanol leaf extract at the dose of 80 mg/kg (96.65%) which even was greater than that of the standard agent, ketoprofen (82.30%). The extracts did not significantly increase mean latency of response in the hot plate test. However, aqueous methanol root bark extract at the dose of 20 mg/kg significantly (P < 0.05) increased the mean latency of pain response. While the extracts of the root and root bark extracts of the plant afforded non dose-dependent protection against carrageenan-induced edema, the aqueous methanol leaf extract significantly and dose-dependently inhibited carrageenan-induced hind paw edema at the end of the third hour.The present study suggests that the aqueous methanol leaf, root, and root bark extracts of Cochlopermum tinctorium possess analgesic and anti-inflammatory activities which lend some credence to the ethnomedical claim of the use of the plant in the management of pain and inflammatory conditions

Issuance of warrants in seasoned equity offerings: evidence from rights offerings

The Australian financial market is unique in enabling firms to raise new capital via right offerings of standalone warrants in seasoned equity offerings. As such, it provides an ideal environment for examining the validity of the Chemmanur and Fulghieri's (1997) signaling model for warrant inclusion in seasoned equity offerings via rights offerings by analyzing across unit offerings, standalone warrants and standalone equity. We provide empirical evidence in support of their model's predictions regarding the issuance of warrants to existing shareholders. The quality dimension contained in the signals is associated with a more favorable stock price reaction, ceteris paribus

Why do Australian firms issue standalone warrants?

This paper examines why Australian firms issue standalone warrants and how the market perceives this type of capital raising method. We find that firms with smaller size, smaller issue proceeds, higher risk and lower ownership concentration choose standalone warrants rather than rights issues of equity to raise equity capital. Price reactions to standalone warrant announcements are significantly and positively related to takeup and underwriting status consistent with the findings of Balachandran, Faff and Theobald (JFE, 2008) for the announcements of rights issues of equity. Price reactions are stronger for moderately out-of-the-money warrants than in-the-money and deeply out-of-the-money warrants. We also find that managers of larger/moderate/smaller firms with higher/moderate/lower pre-event RUNUP and lower/moderate/higher risk choose in-themoney/moderately-out-of-the-money/deeply out-of-the money warrants

Kinetic control of the aquation of the Hexathiocyanatochromate(Iii) Ion by Associative interaction of Poly(Acrylamide) in Aqueous Medium

Cooperative interaction of poly(acrylamide) is found to decelerate significantly the aquation rate of [Cr(NCS)6]3- in acidic, neutral, and basic media, which is an indication of kinetic control of macromolecules on reactions. </jats:p