Financial statements are produced internally by a company’s accounting department and certified to be accurate by the CEO and CFO. The information contained in the financial statements is used by investors, management, creditors, and the government to make decisions. An audit from and independent firm gives these users of the financial statements a level of assurance that the information is presented fairly, in accordance with GAAP, and free from material error as well as an opinion on the internal
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* Home * Glossary * Calculators * About This Site * Site Map Advanced Search ------------------------------------------------- Top of Form Bottom of Form * Bond Markets / Prices * Commentary * Learn More * Overview * Bond Basics * What You Should Know * Buying and Selling Bonds * Types of Bonds * Strategies * Bonds at Your Stage of Life * About Municipal Bonds * About Government/Agency Bonds
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progresses, financial intermediaries must increase other activities such as providing short-term liquidity to consumers and small business, and financial services. 4. Financial assets make it easy for large firms to raise the capital needed to finance their investments in real assets. If Ford, for example, could not issue stocks or bonds to the general public, it would have a far more difficult time raising capital. Contraction of the supply of financial assets would make financing more difficult
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Accounting Education In the business world, accounting education is one discipline of study that all people, regardless of job position, should have some knowledge of. Its concepts can be applied to all job specialties, its importance has been promoted in recent years, and it is useful in people's everyday lives Barber, (2000). First, accounting education is important because it can be applied in all job specialties. Secretaries must use accounting skills to manage the company cheque book and
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Treaded discussion. An important aspect about the case is to understand what the overall objective of the case is. Father Daniel Mary primary objective or goal was and is to obtain the necessary funds to purchase the Lake Irma Ranch at price of $8.9 million. To achieve his objective, he relies on the charitable contributions to the monastery and the profits from the Mystic Monk Coffee enterprise. However, he has determined that the charitable contributions and the profits from the Coffee enterprise
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Charles Schwab & Co: What were the key factors underlying Schwab's competitive advantage until the mid-1990s? How have these factors reinforced each other? Competitive Advantage 1. Different Customer Group. In 1975, brokerage commissions were deregulated. Schwab took the advantage of the new opportunities and focused on providing informed investors with low-cost access to security transactions. This was a new approach compared to full-service brokerage firms. 2. Technology. Schwab invested
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As a natural extension of this interest, my career goal is to be a research-oriented student. To meet the growing complexity of the economic environment, companies increase their emphasis on corporate financial management. Meanwhile, personal finance with information technology becomes more important and relevant to our daily life. Exposed to such a business world, it is necessary to equip myself with a set of quantitative and analytical skills to tackle real problems and to advance the frontiers
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Indah Water Konsortium 1. Give reasons for IWK inefficient debt recovery system. The primary reason is that household billings are small and resorting to legal action to recover the amounts due is not commercially viable. Hence, the concessionaire could not collect the amount owed to it. Eventually, IWK was handed back to government in 2000. The change of ownerships four times in 7 years gave the impression of industrialists out to make quick money at the expense of public welfare and also
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Adjusted Present Value Normal NPV calculation: [pic] where, in a simple situation: [pic] Using debt for financing has a tax advantage in that interest payments are tax deductible. This tax deductibility is a source of value for the firm. In the normal NPV calculation, this additional value is accounted for in the WACC. However, in many cases the capital structure of the project may change over time. In other cases the tax rate faced by the firm may be expected to change over time
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Financial Ratios of Financial Institutions Profitability measures the earnings and profitability profile of banks reflecting the ability to support present and future operations. Depositors, shareholders, lenders and other stakeholders will be able to know the capability of banks in financing its expansionary program; ability of banks in absorbing losses incurred; how banks can make payment of dividends; and how can banks build up their capital. Profitability ratios can help to identify the capabilities
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