Byunghwan Lee

Abstract This study examines the relationship between accounting conservatism and measures of financial status. We find that, in general, a higher level of accounting conservatism is associated with a lower level of financial constraints – thereby making external funds less costly. The results also show that for a firm with a higher bid-ask spread or a higher likelihood of bankruptcy, this negative relationship between conservative financial reporting and financial constraints is intensified.

Students from Carnegie Mellon University's Entertainment Technology Center have been working on an augmented reality system to help teach music in a project called Music Everywhere. This application for the Microsoft HoloLens would utilize holograms to visually instruct the user and teach them how to play an instrument in the process. Music Everywhere would also have a virtual band that the wearer could play along with as well as see.