During the past decade the organizations responsible for regulating the form and content of accounting disclosures have become increasingly active. As a result of this activity, the authoritative pronouncements in accounting have become increasingly technical and intricate in nature. This has caused a problem for accounting education: it has become very difficult to cover all, or even most, of the pronouncements within the standard accounting curriculum. This paper examines the approach adopted in law schools, where this problem has existed for some time. The basic approach, a blend of general-principles courses with applied research courses, is found to be adaptable to accounting education. Specifically, this paper recommends that accounting education should include applied accounting research techniques in its curricula to provide students with the means of dealing with a detailed and cumbersome body of authoritative literature. The paper also provides a suggested research design for conducting applied accounting research.

ABSTRACT This note shows that a linear market model is sufficient to derive a linear relationship between beta and expected return. Furthermore, the slope of the relationship will be identical with that of the Capital Asset Pricing Model if the return on the market portfolio is normally distributed. However, results from characterization theory suggest that the linear market model assumption is close to that of multivariate normality.

Introduction: Multinational Enterprise and Multinational Financial Management. PART ONE: ENVIRONMENT OF INTERNATIONAL FINANCIAL MANAGEMENT. The Determination of Exchange Rates. The International Monetary System. The Balance of Payments and International Economic Linkages. The Foreign Exchange Market. Currency Futures and Options Markets. Parity Conditions in International Finance and Currency Forecasting. PART TWO: FOREIGN EXCHANGE RISK MANAGEMENT. Measuring Accounting Exposure. Managing Accounting Exposure. Measuring Economic Exposure. Managing Economic Exposure. PART THREE: MULTINATIONAL WORKING CAPITAL MANAGEMENT. Financing Foreign Trade. Current Asset Management. Managing the Multinational Financial System. PART FOUR: FINANCING FOREIGN OPERATIONS. International Financing and International Financial Markets. Special Financing Vehicles. International Banking Trends and Strategies. The Cost of Capital for Foreign Investments. PART FIVE: FOREIGN INVESTMENT ANALYSIS. International Portfolio Investment. Corporate Strategy and Foreign Direct Investment. Capital Budgeting for the Multinational Corporation. The Measurement and Management of Political Risk. Glossary of Key Words and Terms in International Finance.