that a company's financial reports accurately portray their financial position. Additionally anyone who reads your financial statements will automatically assume they are prepared and comply with GAAP. Another reason to use GAAP is that banks and finance companies often require their clients to use GAAP or have audited financial statements. It would be cheaper in the long run to prepare statements using GAAP than pay someone to audit them all the time. Additionally investors who are accustomed to
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Agency Problem Clash between shareholder and management. How to Reduce (1) Threat of job (2) Stock / Share offering (3) Centralized Decision (4) Monitoring Financial Market The market where securities are sold and purchase is called financial market. Financial System The system in which the surplus and deficit which meets together for their mutual benefits. e.g. Bank loan. Surplus Unit The units which have excess money. Deficit Unit The units which need money. Financial
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OVER VIEW OF THE BANK Janata Bank Limited, one of the state owned commercial banks in Bangladesh, has an authorized capital of Tk. 20000 million (approx. US$ 250 million), paid up capital of Tk. 11000.00 million, reserve of Tk.17234 million. The Bank has a total asset of Tk. 508567 million as on 31st December 2012. Immediately after the emergence of Bangladesh in 1971, the erstwhile United Bank Limited and Union Bank Limited were renamed as Janata Bank. On 15th November, 2007 the bank has been
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NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : SBU-Education Date : July , 2012 NCFM Test Details Course outline FINANCIAL MARKETS (ADVANCED) MODULE Financial Markets, Products & Institutions A. Financial Markets B. Financial Products and Market Entities C. Market Infrastructure Institutions D. Conflicts of Interest Quantitative Background to Debt A. The Nature of Debt B. The Price of a Debt Security C. D. Perpetual Debt Discount Instrument Coupon Instrument Price-Yield Relationship
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CASE STUDY 3 - Cash Budget | | | | | | | | | | | | | | | | | | SCHEDULE OF EXPECTED CASH COLLECTIONS FROM CUSTOMERS: | | | Credit Sales | | | May | June | April | | (94,000 * 0.70) = 65,800 | 65,800 | | May | | (89,500 * 0.30) = 26,850, June (89,500 * 0.70) = 62,650 | 26,850 | 62,650 | June | | (75,000 * 0.30) = 22,500 | | 22,500 | Total Cash Collections | | 92,650 | 85,150 | | | | | | |
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SHORT PAPER – DUE PROFESSIONAL CARE AND DUE DILIGENCE ALEX KARAHALIOS The legal risks faced by the CPA profession are ever so present today in our capitalist society. When CPAs and CPA firms execute an engagement for an auditing client, they know well that risk they exposed themselves to significant liability should their report conclusion and recommendations cause monetary damages. This liability does not only extend to direct customers. There is also a risk posed by third parties that at
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Bear Stearns Case * * * Key Ratios Capital Ratio: This is a measure of a bank's financial strength based on the sum of its equity capital and disclosed reserves. A Tier 1 capital ratio of 6% or greater would classify the banks as well capitalized. At the beginning of March, Bear Stearns had virtually no assets valued at level 1 which leaves their capital ratio at virtually 0. Leverage Ratio: the Tier 1 leverage ratio is calculated by dividing Tier 1 capital ratio by the firm's
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Statement of firm’s position Butler Lumber Company is looking for more cash due to a fast-paced lumber market and a shortage of funding. Their regular bank, Suburban National Bank, is not willing to expand their exiting loan to an amount greater than $250,000 without securing the loan with real property. Another loan is being offered by a second bank, Northrup National Bank, for $465,000, with the understanding that the previous loan would be rolled into the second. The interest on the new loan
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Feasibility Brief 1: Rowner Community Trust Events Management Ltd. * Rowner Community Trust summary profile - (re-phrased from the internet) Rowner community trust is a new charity organization that operates under the umbrella of Rowner World Company. They aim to support the growth of the area Rowner in Hampshire by focusing on its economic, social and environmental angles and contribute to its community development. Rowner Community Trust is a new initiative. Therefore, as any other
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[pic] [pic] [pic] TABLE OF CONTENTS |S.NO |PARTICULARS |PAGE NO | |1 |Introduction to customer perception and banking industry |3 | |2 |Literature review |4-6
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