...Examination 2012 Faculty of Business and Economics Department of Accounting and Finance EXAM CODE: AFG1002/AFW1002 TITLE OF PAPER: INTRODUCTION TO FINANCIAL ACCOUNTING EXAM DURATION: 180 minutes writing time READING TIME 10 minutes THIS PAPER IS FOR STUDENTS STUDYING AT: (office use only - tick where applicable) |( Berwick |( Clayton |( Malaysia |( Off-Campus Learning | ( South Africa | |( Caulfield |( Gippsland |( Peninsula |( Pharmacy | | |( Enhancement Studies |( Open Universities Australia |( Other (specify) | During an exam, you must not have in your possession, a book, notes, paper, calculator, pencil case, mobile phone, or other material/item which has not been authorised for the exam or specifically permitted as noted below. Any material or item on your desk, chair or person will be deemed to be in your possession. You are reminded that possession of unauthorised materials in an exam is a discipline offence under Monash Statute 4.1. 1. This examination paper consists of eight (8) questions printed on eight (8) pages. PLEASE CHECK THE PAPER BEFORE COMMENCING. THIS IS A FINAL PAPER. 2. THIS EXAMINATION PAPER MUST BE INSERTED INTO THE ANSWER BOOK AT THE COMPLETION OF THE PAPER. NO EXAMINATION PAPER SHOULD BE REMOVED FROM...
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...VICTORIA UNIVERSITY COURSE BROCHURE Got questions about studying at Victoria University, visiting, or applying? WELCOME MD MANJURUL Phone: +61 3 9919 1164 Email: international@vu.edu.au Apply online: www.vu.edu.au/courses/how-to-apply Find an agent: http://eaams.vu.edu.au/BrowseAgents.aspx This is your introduction to the incredible array of academic programs and resources we offer. Feel free to create additional brochures if your interests change. IN THIS BROCHURE Campuses, facilities and services Why study at Victoria University How to apply Cost of living English language requirements (TAFE/VET) English language requirements (Undergraduate) English language requirements (Postgraduate) English language courses Scholarship opportunities for international students Accommodation and private rentals Student support and safety Career and employment services Live in Melbourne SELECTED COURSES Diploma of Accounting Diploma of Library and Information Services Advanced Diploma of Engineering Technology Diploma of Engineering - Advanced Trade Diploma of Engineering Technology Information and fees listed in this brochure are for non-resident students starting the course in 2015. Fees are subject to approval and may change. In some courses students must buy equipment or clothing that they will need in the course. These equipment or clothing costs are not included in the course fees listed and we recommend you seek advice from the...
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...Sarbanes-Oxley In Week 1 we studied the general importance of the "rules of the game" (property rights and the rule of law) to a well-functioning economy. This week, we focused in more closely on the "rules of the game" regarding corporate governance and financial reporting. The Week 6 topic of fraudulent financial reporting relates to corporate top management that enriches itself and abandons its obligations to shareholders, employees, creditors, government, and the general public. The Agency Problem Economists call this failure of duty the problem of "agency." Top management is supposed to be the fiduciary (faithful agent) of the shareholders that own the enterprise. But a corrupt agent neglects fiduciary duty to the principal in favor of his/her own selfish interest. Lawyers refer to this same problem as a failure to perform “fiduciary duty” and a "conflict of interest." Ethicists see the problem as deviation from moral conduct. But, whatever terminology is used, the problem remains the same: how can the management agency be kept faithful to its fiduciary duty to the owners, and to the other stakeholders (employees, creditors, government, and the general public)? This is a fundamental and difficult problem. The founders of the United States confronted it in attempting to create a federal government that would be powerful enough to perform its functions, but not so powerful that it would become as oppressive to Americans as the English government the American Revolution...
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...Wake Forest University hgurnani.isb@gmail.com (Professor Sodhi will lead Sessions 1-5 and Professor Gurnani Sessions 6-10.) Course objective and content: The overall goal is to develop an understanding of how to determine the general direction to ensure that the decisions being made to improve or create operations are coherent, i.e., towards the same organizational objectives. We will refer to a framework (7V framework under development by Professor Sodhi) as a lens for viewing and re-positioning operations using a subset of the 7Vs. The same framework can be used to justify or fine-tune a decision that has already been made, e.g., merger with a company or adoption of a new IT platform. Course Schedule: 1) Please prepare for the case discussions beforehand as outlined below. 2) Teaching notes and slides will be available online. Assessment: This module is assessed by coursework and...
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...Annual Report 2009 Important Statement The Board of Directors of China Everbright Bank hereby undertakes that all information included in this Report does not contain any false information, misleading statement or material omission. Annual Report 2009 of China Everbright Bank was deliberated and passed at the third meeting of the Fifth Board of Directors of the Bank on March 24th, 2010. KPMG Huazhen audited the Bank’s Annual Financial Statements in accordance with China Standards on Auditing for Certified Public Accountants and issued an unqualified auditor’s report. Board of Directors China Everbright Bank Corporation Limited Contents Message from the Chairman of the Board of Directors 6 Message from the President 8 Message from the Chairman of the Board of Supervisors 10 Major Financial Information 12 Organizational Chart 14 Corporate Governance 18 Meetings of the Board of Directors and Board of Supervisors 21 Directors, Supervisors, Senior Management and Staff 24 Shareholders Profile and Related-Party Transactions 42 Management Report 45 Risk Management 48 Material Issues 57 Social Responsibility Report 58 Public Awards and Honors 60 Report of the Auditors 64 Financial Statements 66 Notes to Financial Statements 76 Address Book of Head Office and Branches 166 Message from the Chairman of the Board of Directors 6 Message...
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...Pollution Prevention and Abatement Handbook WORLD BANK GROUP Effective July 1998 Nitrogen Oxides Nitrogen oxides (NOx) in the ambient air consist primarily of nitric oxide (NO) and nitrogen dioxide (NO2). These two forms of gaseous nitrogen oxides are significant pollutants of the lower atmosphere. Another form, nitrous oxide (N2O), is a greenhouse gas. At the point of discharge from man-made sources, nitric oxide, a colorless, tasteless gas, is the predominant form of nitrogen oxide. Nitric oxide is readily converted to the much more harmful nitrogen dioxide by chemical reaction with ozone present in the atmosphere. Nitrogen dioxide is a yellowish-orange to reddish-brown gas with a pungent, irritating odor, and it is a strong oxidant. A portion of nitrogen dioxide in the atmosphere is converted to nitric acid (HNO3) and ammonium salts. Nitrate aerosol (acid aerosol) is removed from the atmosphere through wet or dry deposition processes similar to those that remove sulfate aerosol. 1994). The United States generates about 20 million metric tons of nitrogen oxides per year, about 40% of which is emitted from mobile sources. Of the 11 million to 12 million metric tons of nitrogen oxides that originate from stationary sources, about 30% is the result of fuel combustion in large industrial furnaces and 70% is from electric utility furnaces (Cooper and Alley 1986). Occurrence in Air and Routes of Exposure Annual mean concentrations of nitrogen dioxide in urban areas throughout...
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...COROORATE SOCIAL RESPONSIBILITY DEFINITION: Corporate social responsibility (CSR), also known as corporate conscience, corporate citizenship[->0], responsible business, sustainable responsible business (SRB), or corporate social performance,is a form of corporate[->1] self-regulation[->2] integrated into a business model[->3]. Ideally, CSR policy would function as a built-in, self-regulating mechanism whereby business would monitor and ensure its support to law, ethical standards, and international norms[->4]. Consequently, business would embrace responsibility for the impact of its activities on the environment, consumers, employees, communities, stakeholders[->5] and all other members of the public sphere[->6]. Furthermore, CSR-focused businesses would proactively[->7] promote the public interest[->8] by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality. Essentially, CSR is the deliberate inclusion of public interest[->9] into corporate decision-making[->10], and the honoring of a triple bottom line[->11]: people, planet, profit. CSR is usually practiced by many company’s eg: · Azim premji Foundation: working to provide elementary schooling to thousands of under privileged children. · Microsoft corporation (India): focused program ‘project...
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...Completely Human: Wheelchair May Be Included On a warm Tuesday afternoon in the sunshine state, students and faculty members bustled to and fro from my view parked in front of academic one. Waiting patiently for the next bus to come, I silently hoped the lift on this one worked unlike the last bus. Seeing as I would be late for class anyway, I just wanted to at least catch the professor. Tires screeched as I witnessed the giant shuttle bus hiss to a halt at the curb. Releasing my brakes, I navigated my wheelchair to a closer spot next to the great vehicle. Upon learning of my goal of reaching Modesto A Maidique Campus, the driver got right down to business turning levers and pushing buttons to let down to lift that is to bring me inside. Giving it a test drive, he continued to tap the buttons to direct machinery upward. Stubbornly, the lift wouldn't budge. Every switch and button combination failed to get the lift off the ground while the defiant lift wouldn't cooperate, a long line of students form to get on the bus. The minutes crawled by slowly but surely approaching the time of departure. As if setting off a silent alarm, everyone in the line fidgeted and squirmed with an insatiable itch to board the shuttle. The air was thick with the crowds’ agitation swimming among the murmuring, the grumblings and the glances in my direction. With the help of another personnel, the driver finally got the relentless machine to reluctantly move. Finishing up the test I was allowed to...
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...assortment with regards to guide Tellers. However, there may be present research upwards with regards to quite a few apparent many different numerous insecurities by way of ATMs, their own features and the way they may be successful. This kind of forms identifies what sort of financial institution works usually in addition to signifies specific issues regarding security through employing these kinds of Cash machine gadgets. Evaluation signifies that existing Bank techniques appear to offer we “security through obscurity” instead of the a lot encouraged “open, specialist review” strategy. This may at risk of become due to Financial institution businesses never improving their unique executive so that we can preserve computability along with ATM machine vendors. Work with a considerably guarded style concerning financial particular modifications needs to be mentioned in today's plan. Many of these changes include using some various different essential testimonies with regards to prospective models connected with Standard bank methods, using better quality and also cryptographic data basically much like Zero- Algorithm strategies and in addition increasing sorts having technologies advancements. Basically due to...
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...Part 1. Basic Concepts of Statistics Basic Concepts of Statistics • Every four years, we suffer through an affliction, the presidential election. • Months before the election, public media will inform us that a poll conducted by the opinion research shows that a candidate gains support of more than 50 percent of voters. 1 2 Basic Concepts of Statistics • However, the high percent of support will be with a margin of error of plus or minus 3%. • What is meant by the term margin of error? • If you have an ambition to become president, you need to know something about statistics. • If you cannot perform statistics yourself, it would be better to hire a statistician right away. 3 Testing Hypotheses: One-sample tests • One-sample tests • Null hypothesis: – Ho: μ ≧0 • Alternative hypothesis: – Ha: μ ＜0 4 What is a Hypothesis? • A hypothesis is a claim (assumption) about a population parameter: – population mean Example: The mean monthly cell phone bill in this city is μ = $42 The Null Hypothesis, H0 • States the claim or assertion to be tested Example: The average number of TV sets in U.S. Homes is equal to three (H0 : µ = 3 ) • Is always about a population parameter, not about a sample statistic H0 : X = 3 6 – population proportion Example: The proportion of adults in this city with cell phones is π = 0.68 5 H0 : µ = 3 The Null Hypothesis, H0 (continued) The Alternative Hypothesis, H1 • Is the opposite of the null hypothesis ...
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...HAWKERS AND THE URBAN INFORMAL SECTOR: A STUDY OF STREET VENDING IN SEVEN CITIES Prepared by Sharit K. Bhowmik for National Alliance of Street Vendors of India (NASVI) Section I: Introduction This report is based on a study of hawkers and street vendors conducted in seven cities in India. It was initiated by the National Alliance of Street Vendors of India (NASVI) and as such it is not merely an academic exercise in understanding the problems of this section of the work force. The purpose of this study is two-fold. Firstly, it tries to objectively understand the problems of street vendors in urban areas. Its scope is not restricted to street vendors alone but it tries to relate the profession in the wider urban context by examining the legal status of hawkers, their contribution to the urban economy, the problems they face, the perceptions of the urban population towards them, and the their position in urban society. Secondly, based on the above information this report attempts to examine and understand the problems faced by the street vendors and the possible means of overcoming these. In most Indian cities the urban poor survive by working in the informal sector. Poverty and lack of gainful employment in the rural areas and in the smaller towns drive large numbers of people to the cities for work and livelihood. These people generally possess low skills and lack the level of education required for the better paid jobs in the organised sector. Besides, permanent protected...
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...SOLAR PANEL IN LIVELIHOOD IN SOME SELECTED (MD. IBRAHIM KHOLILULLAH, DEPT OF AG.FINANCE, BAU MOB: 01718996557) AREAS OF BOGRA DISTRICT Introduction Solar panel refers to a panel designed to absorb the sun's rays as a source of energy for generating electricity. Electricity is the prime mover for the advancement of all economic and industrial activities. About 59% of total population live in rural and isolated areas and most of them have no electricity access. This scenario is more acute in the rural and isolated areas in Bangladesh where only about 25% have electricity access ( Energy Bangla, January, 2014 ). Bangladesh is a semi-tropical region lying in northeastern part of South Asia gets abundant sunlight year round. The average bright sunshine duration in Bangladesh in the dry season is about 7.6 hours a day, and in the monsoon season is about 4.7 hours, Solar energy can be harnessed. So, solar panel technology is advised. A total of 3,00,000 solar panels had been installed in more than 40,000 villages of 456 upazilas of all districts of Bangladesh. Daily on average 44 MW electricity is being produced by these solar panels.( Momotaz and Karim,2012).Now a days solar panel is applied in different aspects such as solar based recharging station ,solar cooking etc. It presents an attractive alternative to conventional electricity such as no monthly bills, no fuel cost, little repair and maintenance costs, easy to install any where etc. The solar panel technology is very effective...
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...Solar Photovoltaic System: An Alternate Source of Energy Introduction Despite enormous hydropower potential (theoretically 83,000 MW), only about 40 percent of the population of Nepal has access to electricity and this percentage even drops down in the remote areas. Since the rural energy demand is basically for lighting, Government of Nepal (GoN) has its dedicated energy policy to promote Renewable Energy Technologies (RETs) including Solar Home Systems (SHS) which follows the principles of Solar Photovoltaic Systems. Photovoltaic are best known as a method for generating electric power by using solar cells to convert energy from the sun into a flow of electrons. Solar cells produce direct current electricity from sun light, which can be used to power equipment or to recharge a battery. The first practical application of photovoltaic was to power orbiting satellites and other spacecraft, but today the majority of photovoltaic modules are used for grid connected power generation. Due to the growing demand for renewable energy sources, the manufacture of solar cells and photovoltaic arrays has advanced dramatically in recent years. Solar photovoltaic is growing rapidly from a small base to a total global capacity of 40 GW (40,000 MW) at the end of 2010. More than 100 countries use solar PV. Some 24 GW of solar was projected in November 2011 to be installed in that year, pushing...
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...observed. There is 5% decrease in relative humidity in Baluchistan, 0.5 to 0.7% Increase in solar radiation over southern half of country. Geographically much more extensive is the El Niño-Southern Oscillation (ENSO) phenomenon, which has an especially important influence on the weather and interannual variability of climate. The strength of such connections for Pakistan has been demonstrated in several studies. El Nino phenomena suppress monsoon rainfall activity over Pakistan (Chaudhry 1995). La Nina phenomena has a negative impact on winter precipitation over Pakistan (Azmat 2002). Recent history’s worst drought (1998-2002) over Pakistan and most of South Asia is linked with La Nina phenomena (Hoerling, M., and A. Kumar. 2003). Extreme drought of 1998 – 2002: The drought of 1998-2002 is considered worst in 50 years in Pakistan. The drought started in 1997 as El-Nino developed, but the drought gained intensity in 1998 and reached its peak in 2000 till 2001 and thus gradually weakened in 2002. The extreme drought also affected much of India and Afghanistan. The World Bank warned that the drought would inevitably hit economic growth of Pakistan. Thus it denoted several hundred-million dollars to help Pakistan through its worsening drought.The drought was at its peak in Baluchistan and Sindh, 26 districts of Baluchistan were suffering from severe famine as a result of the drought. 1.2 million People in the province were affected by the great drought. Moderate drought of 2004...
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...COMPENSATION ADMINISTRATION Compensation administration is a segment of management or human resource management focusing on planning, organizing, and controlling the direct and indirect payments employees receive for the work they perform. Compensation includes direct forms such as base, merit, and incentive pay and indirect forms such as vacation pay, deferred payment, and health insurance. Compensation does not refer, however, to other kinds of employee rewards such as recognition ceremonies and achievement parties. The ultimate objectives of compensation administration are: efficient maintenance of a productive workforce, equitable pay, and compliance with federal, state, and local regulations based on what companies can afford. The basic concept of compensation administration—compensation management—is rather simple: employees perform tasks for employers and so companies pay employees wages for the jobs they do. Consequently, compensation is an exchange or a transaction, from which both parties—employers and employees—benefit: both parties receive something for giving something. Compensation, however, involves much more than this simple transaction. From the employer's perspective, compensation is an issue of both affordability and employee motivation. Companies must consider what they can reasonably afford to pay their employees and the ramifications of their decisions: will they affect employee turnover and productivity? In addition, some employers and managers believe...
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