Kenneth Lee

Deborah Taylor

Nick Antill

Revised and updated. The influence of International Financial Reporting Standards (IFRS) on accounting across the world is stronger than ever. Most importantly, this stems from the mandatory adoption of IFRSs in many parts of the world, including Europe, Canada, Australia, Brazil and, with some relatively small exceptions, China. Additionally, foreign registrants in the US are also permitted to use IFRS by the SEC. The impact of IFRSs also extends to accounting developments as the IASB and the FASB work closely together to formulate new standards such as those recently issued on leasing and revenue recognition. It is clear that investors, analysts and valuers need to understand financial statements produced under IFRS to feed in to their valuations and broader investment decisions. Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows - so profits matter. The book addresses the implications for analysis, modelling and valuation of key aspects of IFRS, all updated for recent developments, including: - Pensions - Stock options - Derivatives - Provisions - Leases - Revenue recognition - Foreign currency The text also sets out the key differences between IFRS and US GAAP treatments of these issues, in addition to their implications for analysis. A detailed case study is used to provide a step-by-step valuation of an industrial company using both free cash flow and economic profit methodologies. The authors then address a range of common valuation problems, including cyclical or immature companies, as well as the specialist accounting and modelling knowledge required for regulated utilities, resource extraction companies, banks, insurance companies, real estate companies and technology companies. Accounting for mergers and disposals is first explained and then illustrated with a detailed potential acquisition.

Interpreting and forecasting accounts using International Financial Reporting Standards

COMPANY VALUATION UNDER IFRS - 3RD EDITION

Walter F. Davidson

Andrew Cogswell

International experts in the field of oil spill response, including reprsentatives from 26 NATO countries, participated in a workshop in Canada to discuss their experience in the development and application of current and emerging technologies for oil spill response in the marine environment. These presentations which form the basis of chapters in this book provide a practical viewpoint of methods used to deal with oil spills under the variety of environmental conditions found in the marine environment. In particular, focus is given to the evaluation of oil spill countermeasures for use under arctic conditions in light of anticipated regional increases in marine traffic (e.g. Northwest Passage) and industrial activities (e.g. offshore oil and gas exploration) in the future. This book provides a timely international perspective on applied research and development, technology transfer, and “lessons learned” from field trials and actual case studies associated with recent spill events. Topics include Preparedness/Contingency Planning, (Eco-terrorism); Oil Spill Fate and Transport (Environmental Persistence, Remote Sensing, modelling, Biodegradation), Biological Effects (Environmental Effects Monitoring and Environmental Risk Assessment); and Operational Response (Containment/Recovery Treating Agents, Shoreline Cleanup, In-situ Burning, Emerging Response Strategies). This book provides a synopsis as to the methods currently employed to deals with spills and an insight on future technologies under development.

Oil Spill Response: A Global Perspective

Peter G. Wells

Christian Blaise

Bioassays are among the ecotoxicologist's most effective weapons in the evaluation of water quality and the assessment of ecological impacts of effluents, chemicals, discharges, and emissions on the aquatic environment. Information on these assessment aids is needed throughout the international scientific and environmental management community. This comprehensive reference provides an excellent overview of the small-scale aquatic bioassay techniques and applications currently in use around the world. This special volume is the result of several years of collaboration between Environment Canada and Fisheries and Oceans Canada. Internationally recognized research scientists at many institutions have contributed to this state-of-the-art examination of the exciting, environmentally important field of microscale testing in aquatic toxicology. Microscale Testing in Aquatic Toxicology contains over forty chapters covering relevant principles, new techniques and recent advancements, and applications in scientific research, environmental management, academia, and the private sector.

Advances, Techniques, and Practice

Microscale Testing in Aquatic Toxicology

Richard Anderson

Temina Madon

Ashok J. Gadgil

Lorenzo Casaburi

Arman Rezaee

This open access textbook introduces the emerging field of Development Engineering and its constituent theories, methods, and applications. It is both a teaching text for students and a resource for researchers and practitioners engaged in the design and scaling of technologies for low-resource communities. The scope is broad, ranging from the development of mobile applications for low-literacy users to hardware and software solutions for providing electricity and water in remote settings. It is also highly interdisciplinary, drawing on methods and theory from the social sciences as well as engineering and the natural sciences. The opening section reviews the history of “technology-for-development” research, and presents a framework that formalizes this body of work and begins its transformation into an academic discipline. It identifies common challenges in development and explains the book’s iterative approach of “innovation, implementation, evaluation, adaptation.” Each of the next six thematic sections focuses on a different sector: energy and environment; market performance; education and labor; water, sanitation and health; digital governance; and connectivity. These thematic sections contain case studies from landmark research that directly integrates engineering innovation with technically rigorous methods from the social sciences. Each case study describes the design, evaluation, and/or scaling of a technology in the field and follows a single form, with common elements and discussion questions, to create continuity and pedagogical consistency. Together, they highlight successful solutions to development challenges, while also analyzing the rarely discussed failures. The book concludes by reiterating the core principles of development engineering illustrated in the case studies, highlighting common challenges that engineers and scientists will face in designing technology interventions that sustainably accelerate economic development. Development Engineering provides, for the first time, a coherent intellectual framework for attacking the challenges of poverty and global climate change through the design of better technologies. It offers the rigorous discipline needed to channel the energy of a new generation of scientists and engineers toward advancing social justice and improved living conditions in low-resource communities around the world.

A Framework with Applications from the Field

Introduction to Development Engineering

Jerry Neff

A state-of-the-art review of scientific knowledge on the environmental risk of ocean discharge of produced water and advances in mitigation technologies. In offshore oil and gas operations, produced water (the water produced with oil or gas from a well) accounts for the largest waste stream (in terms of volume discharged). Its discharge is continuous during oil and gas production and typically increases in volume over the lifetime of an offshore production platform. Produced water discharge as waste into the ocean has become an environmental concern because of its potential contaminant content. Environmental risk assessments of ocean discharge of produced water have yielded different results. For example, several laboratory and field studies have shown that significant acute toxic effects cannot be detected beyond the "point of discharge" due to rapid dilution in the receiving waters. However, there is some preliminary evidence of chronic sub-lethal impacts in biota associated with the discharge of produced water from oil and gas fields within the North Sea. As the composition and concentration of potential produced water contaminants may vary from one geologic formation to another, this conference also highlights the results of recent studies in Atlantic Canada.

Environmental Risks and Advances in Mitigation Technologies

Produced Water

Kenneth Lee

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