Balance sheet optimisation under Basel III ING Investor Day Koos Timmermans Vice Chairman ING Bank Amsterdam – 13 January 2012 Priorities 1 2 3 Transition to Basel III Balance sheet optimisation Return on Equity ING Investor Day - 13 January 2012 2 Strategy for the coming years is based on two phases 2012 End 2013 2015 Bank: Transition to Basel III • Manage through the crisis • Limit B/S and RWA growth • Execute B/S optimisation • Invest where needed to achieve operational
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SIEGERT’s 190 SELECT A limited edition rum that epitomizes the Siegert legacy of Angostura A combination of warm and passionate aged rums and the company’s unique, iconic aromatic bitters, created in the memory of the only rum made using Angostura® aromatic bitters, Siegert Legacy - “Pink Rum”, and the very first rum made by the Siegerts – “Siegert’s Bouquet”, which became a Trinidadian tradition and was the start of the company’s rich rum heritage in the 1960s. Siegert’s 190 Select
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susceptible to earnings management? Pension expense is more susceptible to earnings management because of the complex nature of the expense and the estimates that are made as to the value of the expense to date. Furthermore, pension information is disclosed in the footnotes rather than directly in the financial statements making it more “manipulative” a number for management. 3. Name at least three items used in determining pension expense that are "estimates" by management. PBO - is based
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$ 90,000 An incorrect inventory balance causes the reported value of assets and owner's equity on the balance sheet to be wrong. This error does not affect the balance sheet in the following accounting period, assuming the company accurately determines the inventory balance for that period. Errors in inventory do not affect the Liabilities that Loch Ness Ltd has, instead only the owner’s equity and subsequently Assets. Retained earnings are also affected. Below is a list of tables that shows
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| | |United International University | |Assignment | |On
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meaning of life (cycle) What is an asset lifespan? What do we mean when we say “life cycle”, and “whole life planning”? John Woodhouse, Chair of the Experts Panel for the IAM, has been addressing these issues in his role as representative for the UK on the ISO PC251 development of asset management standards (ISO 55000 family). Here, he outlines the issues and some of the options being considered. recognition of need through to disposal and any residual risks or liability period thereafter (“from lust
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CHAPTER 1 INTRODUCTION TO TREASURY MANAGEMENT FOR FINANCIAL SERVICES INSTITUTIONS / LIQUIDITY AND CASH MANAGEMENT Treasury Management of Financial services Institutions Definition of Financial Services Financial services refer to economic services provided by the finance industry. The finance industry encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment
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auditors usually are able to persuade management to rectify problems to avoid this undesirable report. 4. Disclaimer – An auditor will disclaim an opinion if item (c) above applies and therefore insufficient information has been gathered to express an opinion. b. The principal would have to be due after April 30, 2012 to be considered as a noncurrent asset at April 30, 2011. The accrued interest for eight months (since August 31, 2010) is a current asset at April 30, 2011. Since the principal
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examination and will conduct myself in an honest manner in regard to all aspects of this examination. PART 1 – MULTIPLE CHOICE 1. | Which of the following is not an advantage of the corporate form of business organization? | A) | No personal liability | B) | Easy to transfer ownership | C) | Favorable tax treatment | D) | Easy to raise funds | 2. | Which of the following is the most appropriate and modern definition of accounting? | A) | The information system that identifies, records
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DOLLS Overview Haute Couture Fashions Sdn Bhd need to adjust their business strategy, as China textile industry becoming a potential threat to it as its two major customers are now thinking of outsourcing to China for its lower operating cost. The management need to decide whether to move its operation to China or exit from contract manufacturing activity and stand on its own new created brand. It is recommended for Haute Couture Fashions Sdn Bhd to move their operations wholly by itself to China and
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