changes by central bank, a name problem of the bank etc. So, a bank’s balance sheet should have enough liquid assets for meeting contingencies. Here, I can introduce with the theoretical development of asset liability management from the different aspects of The City Bank Limited. Then I can show their policy and statements regarding to the managing their assets liabilities and then I have shown their liquidity analysis through the external analysis to assess their recent market condition. The whole
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selective disclosure was a serious problem for investors because insiders would frequently take advantage of information for their own gain - at the expense of the general investing public. Financial statements provide information about certain current conditions and trends that help users in predicting reporting entities’ future cash flows and results of operations. The quality of users’ predictions depends to a significant degree on their assessment of the risks and uncertainties inherent in entities’
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known as the estimated residual value or scrap value. It is the expected cash value of an asset at the end of its useful life. 3. Contingency – or contingent liabilities are potential liabilities that depend on future events arising out of past events. Probable, possible or remote are the three that help account for contingent liabilities. Contingent liabilities may arise from lawsuits that claim wrongdoing by the company. 4. Capital Lease – is a long term noncancelable debt. It is much like
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Key Topics Question 16-1 Income tax expense is comprised of both the current and the deferred tax consequences of events and transactions already recognized. Specifically, it includes (a) the income tax that is payable currently and (b) the change in the deferred tax liability (or asset). Apparently, in the situation described, temporary differences required a $4.4 million increase in the deferred tax liability, a $4.4 million decrease in the deferred tax asset, or some combination of the
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Provision * Existing liability * Uncertain timing or amount on future expenditure. (ito ang nagdidistuinguish) * Liability still exist but the date due and amount is indefinite * May equal to estimated liability or loss contingency (accrued because it is both probable and measurable) Provision and other liabilities * P; uncertain OL; certainty of timing and amount Recognition of provision * P shall be recognized in the FS under the ff. conditions
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to: Dr. Jonathan Stanley from: Christopher Michael Yelvington subject: IFRS v. US GAAP: Business COMBINATIONS and Financial Statements. date: April 21, 2015 ------------------------------------------------- Dr. Stanley, When acquiring a foreign subsidiary, there are accounting differences that one must consider. Looking at the big picture U.S. GAAP is more rule based and IFRS is more principles based. Under IFRS, more emphasis is on the substance of transactions and more judgment is used. In this
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| | | | | a) Current ratio= | Current assets | | | | | | Current liabilities | | | | | | | | | | | | | | | 2014 | 2013 | | | Current assets | | 147549 | 191960 | | | Current liabilities | | 105547 | 106364 | | | Current ratio | | 1.397946 | 1.804746 | | | AnalysisCurrent ratio is used to analyze liquidity position of the company; it shows how many times current liabilities are covered by current assets. The standard current ratio is 2:1, and comparing
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|January 31, 2012 | |Assets | | |Current assets: | | | Cash and cash equivalents
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electric and power bills 55,000 Reserve for contingencies 180,000 What total amount should be reported as current liabilities? a. 1,840,000 b. 1,405,000 c. 1,700,000 d. 1,550,000 Answer: B Solution: Accounts payable (1,200,000-100,000) Accrued taxes payable 100,000 Customers' deposit 100,000 Bank overdraft 50,000 Accrued electric and power bills 55,000 Total current liabilities 1,405,000 2. The following account balances
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Basel Committee on Banking Supervision Principles for Sound Liquidity Risk Management and Supervision September 2008 Requests for copies of publications, or for additions/changes to the mailing list, should be sent to: Bank for International Settlements Press & Communications CH-4002 Basel, Switzerland E-mail: publications@bis.org Fax: +41 61 280 9100 and +41 61 280 8100 © Bank for International Settlements 2008. All rights reserved. Brief excerpts may be reproduced or translated provided the
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