1-The way a creditor such as a bank or supplier obtains security for the credit they extend is by taking collateral in the debtor’s personal property. In order for a security interest to be legally enforceable it needs to be attached to the goods of the debtor. The UCC [9-203] lists the three basic requirements for attaching the security interest to the goods of the debtor. The first is an agreement where the debtor grants the creditor a security interest in the specific property the debtor has
Words: 696 - Pages: 3
Cash Management Services Cash management services are offered to businesses to assist them in handling their finances. The term cash management can be used to describe a wide range of services offered by banks from payroll to investments to a standard bank account. This paper will analyze the cash management services offered by Metro Bank, Susquehanna Bank, and PNC Bank. PNC Bank offers several international banking tools. These include international bank account numbers, also known as
Words: 1015 - Pages: 5
Then we have AICPA that evaluates the pronouncements of the various G&NP accounting standards bodies in depth in the course of preparing a series audit guidelines. Q1-7 Because significant revenues from sales of services are not available to finance governmental type activities, the government must raise financial resources from other sources such as Taxation and intergovernmental revenues. These are the two primary examples of these revenues. Q1-8 Because the day to day accounting and interim
Words: 351 - Pages: 2
* Finance The management of revenues; the conduct or transaction of money matters generally, especially those affecting the public, as in the fields of banking and investment. * Efficient Market A market in which the values of securities at any instant in time fully reflect all available information, which results in the market value and the intrinsic value being the same. * Primary Market A Primary market is a market in which transaction insecurities offered for the first time to
Words: 494 - Pages: 2
Hermes Fund Management It would be ludicrous to say that institutional investors have no say in the chain of corporate governance, even at the level of strategy. Institutional investors like mutual funds act in the interest of many smaller investors who are seeking low-risk investment. They have the right to influence strategy and to threaten to take their business elsewhere if they are not satisfied, and they usually hold a substantial interest in companies like Hermes. However, institutional
Words: 317 - Pages: 2
Cashiering Support Unit a. Provides services as to payment of salaries, wages and other benefits of all BAS personnel the Bureau’s budgetary estimates before administrative and legislative bodies; I. For BAS Permanent Employee * Preparation of Disbursement Voucher in favor of BAS PAYROLL FUND * Accounting Section processes for release to OD/OAD for approval of DV * From OD/OAD to Cashier for check preparation and inclusion to the ACIC then back to OD/OAD for approval of
Words: 642 - Pages: 3
Guillermo Furniture Store Concepts Introduction Guillermo’s Furniture Manufacturing facility has been located in Sonora, Mexico successfully until the late 1990’s. Guillermo Navallez noticed a decline in profit and found that he would need to make changes to his manufacturing establishment in order to financially stay in business. Navallez used concepts from staying in the competitive economic environment and using accounting and research to establish some potential changes in Guillermo’s future
Words: 672 - Pages: 3
2002 was passed in response to the financial scandals such as Enron and WorldCom, and it inevitably had a strong impact on accounting and financial decision making. This law required publicly traded companies to be much more accountable for their finances. The Sarbanes-Oxley Act set new regulations and penalties for public companies to provide investors with security. This act also caused the creation of the Public Company Accounting Oversight Board, or PCAOB, which is in charge of overseeing, regulating
Words: 323 - Pages: 2
Budgeting is a process of planning, setting goals and defining the objectives of the management that are needed for a given period of time. It is the tool that provides specific direction and achievements for the company. It also controls the business setting, as well as it helps the management to study the financial aspects of the business and challenges of each department, and learn how to solve these problems. Budgeting also focuses on the essential points in evaluating the alternative
Words: 861 - Pages: 4
Difference between Financial and Managerial Accounting. Financial and management accounting are both important tools for a business, but serve different purposes. A business uses accounting to determine operational plans in the future, to review past performance and to check current business functions. Management and financial accounting have different audiences, as investors are not usually involved in the day-to-day operations of the business but are concerned about their investment, whereas managers
Words: 313 - Pages: 2
