Syllabus Certified General Accountants Association of Canada 100 – 4200 North Fraser Way Burnaby, British Columbia Canada V5J 5K7 www.cga-canada.org © CGA-Canada, 2013 All rights reserved. These materials or parts thereof may not be reproduced or used in any manner without the prior written permission of the Certified General Accountants Association of Canada. Printed in Canada ISBN for an individual volume: 978-1-55219-599-4 About CGA-CANADA _________________________________________
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proposals? Why? Ashar Corporation: First of all, I am going to discuss the Ashar Business Credit Proposal. In this proposal, Ashar Industries Company, which is one of the largest steel companies worldwide, is asking for a $850 M credit in order to finance their acquisition of Zellmont SA, which would actually create the largest steel producer company of the world. This acquisition has not been recommended by the Zellmont board, and therefore it could be regarded as a hostile takeover at the moment
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occurred either because of negligence on the part of the ratings agencies or by fraud. In either case, AIG perhaps did not realize that the securities on which they were basing their CDS’ contained a high percentage of subprime loans. AIG also must take responsibility for its actions. If the company did not realize that the AAA ratings were a sham, it should have. The company is in the finance business and was essentially placing a $400 billion bet on these products. It is irresponsible for
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EFB 360 Finance Capstone Case Study 2 Distribution to shareholder: Dividends and Repurchase The case of Gainesboro Machine Tool Corporation Abstract 1 Introduction 1 Dividend Irrelevance Proposition 1 Financial Flexibility 2 Agency Theory 2 Signalling Theory 3 Clientele Effects 4 The Optimal Payout Ratio 5 Share Repurchase 7 Conclusion 8 References 10 Appendices 13 Appendix 1: Detailed Calculation of Unused Debt Capacity (0%, 20%, 40% and residual payout) 13 Appendix
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Finance 423 Spring 2014 T TH Financial Analysis and Management Dr. Kamal M. Haddad COURSE OBJECTIVES Fin 423 is designed to develop critical thinking at the individual level, and problem solving competencies at both the individual and group levels. Teamwork and group problem solving are stressed. The course provides a thorough overview of financial analysis, including
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Whistleblowers can expose the information internal to the organization or external to regulators and the media. Whistleblowers are unselfish, courageous and necessary. In many cases, a whistleblower feels the organization is violating the law or endangering the welfare of others. (Halbert, 2012) Blow the whistle1 The cases, U.S. ex rel. Edwards v. JPMorgan Chase Bank NA et al, U.S. District Court, Southern District of New York, No. 13-00220 is one instance of whistleblowing in a publicly traded
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RISK MANAGEMENT IN ISLAMIC BANKING AND FINANCE: THE ARAB FINANCE HOUSE EXAMPLE Bilal A. Fleifel A Thesis Submitted to the University of North Carolina Wilmington in Partial Fulfillment of the Requirements for the Degree of Master of Business Administration Cameron School of Business University of North Carolina Wilmington 2009 Approved By Advisory Committee Howard Rasheed Cetin Ciner William H. Sackley Chair Accepted By DN: cn=Robert D. Roer, o=UNCW
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Introduction Taking into account PACEAA’s overall goal of poverty reduction facilitated by clean energy deployment, it is important to consider how to appropriately mobilize resources so that social development is prioritized alongside the pursuit of economic growth. In this light, it is deemed that the mobilization should take place around the two key activities of the project, namely power generation on one hand and power distribution on the other; and for both areas of activity businesses should
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Finanacial accounting assignement. Q2. Explain the meaning and importance of cash flow statement and funds flow statement. Also explain the difference between cash flow statement and funds flow statement. Ans.2. Fund flow statement is referred as sources and application of funds. It helps in showing detailed revenue received from sources and the amount of money used by the business for many purposes in that Financial Year. This statement provides addition information which is not generally covered
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TRIPLE AAA RATED international bank in UK. They wish to raise 10M to finance their floating or variable Eurodollar loans. They have 2 options ■ issuing 5 year fixed bonds at 10% or Floating rate at LIBOR. ■ It would make more sense for them to issue floating rate LIBOR because the loans that they have are floating rate. Slide 19.13 Lets look at Firm B it’s a BBB rated US company, it needs 10M to finance an investment with a 5 year economic life. They have 2 options for financing
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