Time Value of Money – SLP/Cosgrove and Connor article:
According to Cosgrove and Connor (2009), the investment landscape has rapidly evolved over recent years, with complex financial products, depleted 401(k) accounts, scarce pensions, and doubts about the viability of the Social Security system. This can pose a problem for an individual investor as well as an organization that wants to earn revenue from investing. Please read the Cosgrove and Connor article, “Take Heed If Your Clients Are Buying or Selling Annuities: 2009 Brings More Regulatory and Product Changes” and respond to the following questions.
What is the role of the trustee as it relates to investing the money of others?
What are the criteria you, acting in a fiduciary capacity as a trustee for your clients, should examine in considering annuities?
What are the common characteristics of variable annuity and equity-indexed annuity?
Why did the federal government classifying equity – indexed annuities as �securities� under the federal securities laws? Who does it benefit?
List and identify 5 key issues for a client�s investment in, or sale of, variable annuities and/or equity-indexed annuities.
Time Value of Money – SLP/Cosgrove and Connor article
SLP Assignment Expectations
Use the information in the modular background readings as well as resources you find through Proquest or other online sources. Bookmark online financial calculators to assist with the computations or construct EXCEL spreadsheets. Please be sure to cite all sources and provide a reference list at the end of the paper. Submit the paper as a WORD document through the link provided for the assignment.
Time Value of Money – SLP/Cosgrove and Connor article
Length: 2-3 pages typed and double-spaced.
Readings
Cosgrove, D. B., & O’Connor, C. T. (2009). Take Heed If Your Clients Are Buying or Selling Annuities: 2009 Brings More Regulatory and Product Changes. Journal Of The Missouri Bar, 65(4), 188-197.
Ernst & Young LLP. (2009). Detecting financial statement fraud: What every manager needs to know. Retrieved from http://www.ogfj.com/articles/print/volume-4/issue-7/features/detecting-financial-statement-fraud-what-every-corporate-manager-needs-to-know.html
Time Value of Money – SLP/Cosgrove and Connor article
Singleton, T, King, B, Messina, FM, Turpen, RA, (2003) Pro-ethics activities: Do they really reduce fraud? The Journal of Corporate Accounting and Finance (14) 6; p. 85.
Websites
Investopedia (2011). Detecting Financial Statement Fraud. Retrieved on from http://www.investopedia.com/articles/financial-theory/11/detecting-financial-fraud.asp#axzz2MP34dNK6
About, Inc., (2004). Investing for Beginners – Financial Ratios. Retrieved from http://beginnersinvest.about.com/od/financialratio/.
Investopedia, Reading the balance sheet Retrieved from http://www.investopedia.com/articles/04/031004.asp
Time Value of Money – SLP/Cosgrove and Connor article
Inverstorguide.com (2010), Explanation of the income statement Retrieved from http://www.investorguide.com/igu-article-427-investing-basics-explanation-of-the-income-statement.html
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