Mutual Funds Introduction With the increasing risk of the financial markets brought on by the American recession and the European Sovereign Debt Crisis investors have increasingly looked to safe havens for their money. One of the most prominent and conservative means of investment diversification has been the mutual fund.
This calls for future protection of shareholders and brings attention to the significance of audit processes and its final outcome (Vinten, 2004, p. 13). It is necessary to carry out continuous internal audit with the aim of providing shareholders with adequate information about the financial status of the firm.
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The change will help the company to improve its liquidity position because it has now more time to pay its creditors and hence it can try to collect its debtors early in order to take advantage of the room between days payable and debtor’s turnover in days.
According to the report business environment is consistently changing, some changes bring unprecedented challenges and these challenges should be met in order to consistently keep doing well. The likes of AIG, Lehmann Brothers could not sustain during the period of recession and as an inevitable result of which suffered hefty losses.
Name Tutor College Course Date Question 1 The research, planning and analysis of the financial statement of a company have a lot of benefit on the company. With a well organized plan and analysis, the company is able to keep track of its debtors and the analysis of the current ratio.
This purchase order is then faxed to the supplier of the goods. If the order is specialized, then Benita or Rosa will call the supplier to check if there are any problems. Receiving Process: After the supplies have arrived at Freeze-Time’s factory, Benita or Rosa checks to see if the goods are correct and whether they are in good condition.
In this regard, the 1957 treaty had pointed out removal of all non-tariff barriers to allow free movement of goods. The continued scrapping of all barriers to enhance freedom to supply services such as insurance and banking was one of the aims of these efforts, and this had to go along with free movement of capital and labor.
Most likely, a rational investor will choose the best portfolio and screen out the ones that are not essential based on objective criteria. A good portfolio is characterized by high returns on investment
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23). Since 1940s, the U.S tax code has undergone many modifications to ensure justice to taxpayers as well as to generate revenue for the federal government. Tax credits, along with other instruments such as tax deductions and tax exemptions, was used to protecting various income groups and business enterprises during economic downturn (economic instability).
As firms work through these changes, business leaders are beginning to acknowledge that organizational culture plays an integral part in the change towards sustainability. In spite of numerous corporate sustainability reports that set out how corporations do business, most organizational leaders lack a clear comprehension of how to transition their business to becoming sustainable business.
The author observes that investment risk is positively related to the returns of that investment, implying that the investment with high risks generates higher returns. Rational investors will undertake investments which correspond to their risk tolerance categories. This may be selecting a portfolio containing bonds.
The use of Economic Value Added (EVA) statements enable companies to determine if the company is earning or not. This is determined in the Economic Value Added (EVA) statements by deducting the cost of financing the company’s capital or cost of money from the profit or revenue made by the company.
This paper has generally covered part of the assessment of the module scene-setting. The paper has achieved this by developing a model that will be used in the analysis of the financial model. The paper has identified that 100 million dollars previously allocated for investment have been invested in the financial industry sector.
The companies benefit from the societies in which they operate by the use of natural resources, manpower, etc. It is also the responsibility of the companies to give back the benefits to the societies in which they exist. Investors highly value the social performance of the companies as they create an impact on the long term sustainability of the companies.
The view of competition fragility makes the argument on a negative relationship between financial stability and bank competition while the view of competition stability makes a positive relationship argument (Boyd et al., 2009: 4). Many studies have tested the relationship in different regions and nations and have come up with contrasting results.
The second approach is by focusing on a specific real estate portfolio. In the focused approach, REITs focus on specific lines of specialization in Real estate property business. In whichever the option that the REITs prefer, there comes a package of advantages and disadvantages.
What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors?
The plan indicated that the Big Four companies should tender the audit report every five years which was actually tendered till then every 10 years (“Big Four Dismiss Claims They are Failing Shareholders”). The main idea behind the plan of CC was to expose the other audit companies to the market apart from the Big Four companies.
Business Plan (3Gen Informatics). This paper intends to produce a realistic and a practical business plan for the proposed business venture dealing with computer sales and service. In this regard, various aspects such as forecasted cash flows and net present value (NPV) among others have been taken into concern in the proposed plan.
Financial analysis can be used internally to appraise issues such as effectiveness of employees, operations and credit procedures. Moreover, it can be used externally to evaluate potential investments and the worthiness of credit borrowers.
A LITERATURE REVIEW
A literature review on the argument regarding the justification of the excessive salaries and perks offered to the higher management of companies against the services that they offer for the management the day to day affair and decision making.
Non-governmental Organizations are set up to offer services or goods to people with the aim of assisting them though capacity building. Financial management practices in NGO’s are different from the operations of For-Profit organizations. For instance, NGO’s source their funds through donations, sponsors or charitable sources.
It is used as a basis for price fixation and cost control through variance analysis.Basically standard cost reflects;oQuantities of material and labor expected to be used;oPrices expected to be paid for materials and labor during the coming year
The essay discusses the challenges faced by International Accounting Standards Board in accomplishing its mission of introducing international financial reporting standards for general purpose financial statements. It further discusses about the key characteristics of International Accounting Standards Board’s framework.
Leadership. Leadership is the quintessential attribute of any organization that wishes to succeed as well as sustain its growth and development in the long term. Leadership has been studied since ages and has received immense attention from numerous fields including management, politics, sociology, and psychology.
Audit proposal Name Professor’s name Course Date Introduction An audit is a process of planning, gathering of evidence, investigating the evidence and writing a report about the findings including recommendations for betterment of the process. An audit is a vital aspect of any organization and its undertaking is equally more important.
These are provisions that require that there be no federal controlling of the curriculum. Federal funding is to be provided to States and States aren’t required to cover the bill in the event that the federal government is unable to pay. Test results will be made available in annual report cards showing that they are well on their way to being 100% proficient for all groups of students.
There is increased confidence regarding banks by customers, the satisfaction is described as more than it was before the credit crisis. While some banks have intensified their efforts to regain the foothold on the banking area, some have done little. This is reflected by many people who have said that they love some banks in comparison to others.
The final part of this report analyzes the variances on the basis of actual activity level. a) Effects of Existing Budget on the Behaviour of the Laundry Supervisor The laundry supervisor may be affected by the way the budget was prepared and presented to her.
The author thinks that the existing IAS provides a very simple treatment in case of operating lease such that it is not allowed to represent the leased asset under operating lease as part of the assets of the lessee’s balance sheet. Last section of this article critically examines the loopholes in the existing accounting standard.
The adoption of the International Financial Reporting Standards by various companies in different countries has occurred in the recent past. The paper will talk about what is going on in the convergence from Generally Accepted Accounting Principles to International Financial Reporting Standards, with special reference to United States.
Being one of the biggest insurance companies in the world, Prudential Insurance Company has various resources that play a critical role in its operations to ensure that the provision of financial services is done to high standards. In addition, we find that the company had both intangible and tangible resources that facilitate its delivery of the services to its esteemed customers who were the targets.
The location is the greatest strength of the rentals since the students are readily available and they will be able to ask for the rooms. The company should deal on a marketing plan that will ensure that the rooms are known to the students and that the rentals gain a better advantage than the other rentals that bare found in the area.
The author explains that there has been an ongoing negotiations of TPP and has drawn several protests and criticisms from the elected officials, advocacy groups, and public, mainly due to the secrecy involved in these negotiations, the wide scope of the agreement and a large number of controversial clauses that had been found in the drafts.
The given formula represent the difference between two members: the first one, which is related to the normalized asset price, and the second one, which is related to the cash investment at the risk free rate. Both members are evaluated on an "cash/asset-or-nothing" basis, so that for instance when the pricing conditions are met, the first member returns the asset value, or nothing viceversa.
is a successful print shop in London. It is a co-operative that was set up about a decade earlier after an industrial dispute. The company currently employs 25 workers and has a flat management structure. It is given that the employees of Fortune lack management skills.
Accounting Theory Table of Contents Table of Contents 2 Introduction 3 Areas of Corporate Governance in BHP Billiton Limited to Alleviate the Risk of the Corporate Failure 3 Reasons to the Areas Justified With Relevant Accounting Theories 5 Conclusion and Recommendations 6 References 7 Introduction Corporate governance comprises of the regulatory and the market mechanism along with the roles and the relationship between the management of a company with its shareholders and stakeholders at large.
As a result of this research is regarded as “an art of scientific investigation”. Eminent scholars such as Wetter (2010) defined research as a process of expanding the knowledge without having any targeted application. The author also mentioned that an applied research o the other hand acts as a linkage between business and science.
Accounting is a discipline that deals with the reporting of financial activities of the organization to its shareholders. Accounting policy makers design accounting standards to provide faithful reporting, therefore transparency of financial statement is the main emphasis of accounting standards.
To start with, the role of the credit rating agencies in the 2007-08 global financial crises has been discussed in details. This part explained how the rating system of these agencies was influenced by hefty incentives and how that triggered the 2007-08 financial crises.
The comparison would be within a firm between two financial periods like in our case where we want to analyze Apple Incorporation’s financial statements for two financial periods. Secondly, the comparison could be between firms operating within the same industry.
VAT is applicable on different rate depending on the type of Goods and services offered by the company. In addition, there are some goods and services that are exempted from VAT. The VAT rates are divided into three segments
Standard Rate 20 per cent
Reduced Rate 5 per cent
Zero Rate 0 per cent 
Since the Company, Lampeter Builders’ Merchants is involved in the construction and material business, the following rates are applicable on the company
According to the study conducted even though the debt ceiling play an important role in controlling the government borrowings and spending, it has been raised a number of times. A small change is acceptable since there is a factor of inflation continuously prevailing globally and it keeps depreciating the values of currencies but a large rise in the debt ceiling may be questionable.
The European Union (EU) which came into existence on 25th of March, 1957 holds its aim towards promotion of economic activities with a balanced and continuous expansion of activities and accelerated enhancement of standard of living and to build stronger relationship between the states that belong to the union.
However, recently these arguments put forward in favor of global warming, have been challenged by skeptics, who dismiss the whole phenomenon as a “myth” or a man-made controversy. Thus, while on one hand, there are groups of scientists who claim that global warming is indeed real, and support it with facts and empirical evidences; on the other hand, there are other skeptical groups who dismiss it as a mere 'theory' or a 'myth'.
All the recorded financial transactions should be able to be measured in monetary terms. The interpretation of the financial statements has a considerable influence on the business and its works. Accounting information should be modified in such ways so that it can be interpreted by the management to draw conclusions for the ultimate purpose of decision making.
Corporate governance is critical to managing the affairs of an organisation. The intricate nature of relationships between the various stakeholders of a business ensures that managing such relationships is critical to business. These relationships are better managed by utilising sets of customs, laws, policies and processes.
To quote the author, “this article is a case study of what happened in West Virginia; how its reliance on the legal list fiduciary standard might have contributed to the losses that still affect the financial picture of the state today; and how it is important for govemmental units to implement cash management strategies, and to hire qualified people, in order to adequately protect the public’s money from financial disaster.” (Hayes, 1999: 51).
These have not just appeared over night. They are the result of various problems that have plagued the accounting profession in various countries – especially the United States and the UK. The International Accounting Standards Board (IASC) which was later renamed the International Accounting Standards Board (IASB) published a document – ‘Framework of the Preparation and Presentation of Financial Statements in 1989.