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Finance & Accounting Essay

Should Developing Countries Engage in Financial Liberalization
China changed from socialist economy to a mixed market and still faces a big challenge of balancing controlled economy with the capitalistic economy while turning into the manufacturing unit of the world (Herring, 2006). India has developed into the back office of the world due to its human resource skilled in information technology.
Pages: 7 (1750 words), Essay
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Financial Analysis Of Marks & Spencer
& Spencer is into food, clothing, household items, and financial services business located in the UK with some wholly-owned and franchised operations worldwide.9% of business in the UK is derived from food sales which accounts for 3.2% of market share1. Food sales were up 2.4% in 2005, however, in 2006 food sales were up by 7%. Marks & Spencer’s significant international presence contributed 9.1% to the Group’s pre-tax profits in 2006. Most of these profits were a result of strong food
Pages: 21 (5250 words), Essay
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Chinese banking system
The on going privatization in the banking sector, this will permit the entrance into the sector of more domestic and foreign banks that will be of great importance since it will stimulate the banking sector and bring in more competitiveness and root out all the NPL.In the financial market sector, Chinese Financial markets have been characterised by speculation and insider information and has not been very successful in the effective allocation of resources as the banking sector. China has two
Pages: 2 (500 words), Essay
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Read Case Study and answer 3 questions
Andersen paid huge amounts to settle claims by the client companies. Andersen paid $110 million to in May 2002, to settle claims of the Sunbeam investors. Shortly after this, Andersen LLP had to pay $100 million to settle similar claims by investors or shareholders of Waste Management. In the meantime, public discovered the overstatement of earnings by Enron. This was disastrous and it shocked the financial market. Many of the firms, including clients of Andersen were asked to restate earnings.
Pages: 7 (1750 words), Essay
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Globalization of Financial Reporting
To organizational structure, particularly financial reporting and accounting practices are tremendously being evaluated triggered by the need to standardize reporting concepts and practices for international users.Currently, the system being used by majority of global organizations is the International Financial Reporting Standards (IFRS). According to Forgeas (2008, 1), “for many years, countries developed their own accounting standards. They were rules-based, principle-based,
Pages: 5 (1250 words), Essay
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East Asian Financial Crisis
Many nations tried to imitate the fiscal configuration of policies being framed by these nations. However, the cheap labor that the economies in the South East Asian region were endowed with, could not be equaled anywhere else in the world. Hence, it was infeasible for others to carry on their production and supply their outputs at competent prices in the world market. In contrast, the East Asian tigers managed to provide quality goods at relatively inexpensive rates, unlike the developed
Pages: 11 (2750 words), Essay
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Auditing Maintenance Systems
The main objective of conducting this audit is to identify and then eliminate the reasons behind the downtime of the plant activities in order to acquire further improvements in performance of the plants. Establish the key indicators for the current performance of the plant within the maintenance, operation and production departments. Determine how these key indicators affect the performance of the H-Acid plant. Determine and measure the steps for viable increase in the production output of the
Pages: 15 (3750 words), Essay
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Evaluation of Current Accounting Policy of Phone Services
If they do not manufacture their parts or components and buy it from suppliers, they should try to focus on cheap and best quality suppliers (Minbiole, 1998).The company should also focus on how to increase their revenue recognition. The activities of any company which decide revenue recognition are: Sale of goods, Rendering of services and Construction contracts. Therefore these activities have to be properly managed. The debtor’s collection period should be less. If there are debts which
Pages: 3 (750 words), Essay
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The Impact of Lobbying on Standard Setting in Accounting
Although SEC has an influence on FASB because former needs to recognize the latter and the ultimate purpose of the financial reporting standards is still regulation, a necessary government functions. Thus the relationship of SEC and FASB was described by a writer whereby the first is considered irritant and the second is described as an oyster and the financial reporting standard that will get implemented is a pearl (Kieso, et al 2010:23). Although it is the FASB that establishes the reporting
Pages: 9 (2250 words), Essay
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Risk profile (too see the whole question please see order instruction. thanks)
As a neutral investor, I am not willing to take much risk and I am seeking a safer investment area. Investments in shares are riskier even if it provides a good return. However, such investments are subject to several factors. There is also high possibility of sustaining losses when the market crashes for some or other reason. The market conditions remain very volatile. On the other hand, if I invest on bank deposits, there is proper guarantee of the return though it is comparatively less.
Pages: 3 (750 words), Essay
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Strengths, weaknesses and uses of the Economic Value Added
This involves use of balanced score card that defines the major aspects that contributes to a long term success. These aspects include learning perspective and innovation, customer perspective, financial perspective and internal business activities perspective. In addition, Baran et al, 2007 stipulates that In order to create a balanced scorecard, managers must consider the strategic goals of the firm. This implies that managers must take into consideration whether they aim at achieving a
Pages: 6 (1500 words), Essay
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Market for foreign exchange
By multinationals to payments to labor by the same entities requires well developed foreign exchange markets that cater to their individual needs .As far as the size of the foreign exchange market is concerned, it is no surprise that it encompasses a volume of trading which is 5-10 times the amount of trade in foreign goods and services. There are three major foreign exchange markets across the globe: London, New York and Tokyo. These markets provide several functions; however, the three core
Pages: 4 (1000 words), Essay
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Company directors and managers goal of maximising profits
Mentioned in his research that “Being responsible for the going concern of the company the directors hold themselves liable and accountable to the shareholders and aim at maximizing their returns, where the law also directs them the same.The financial goals and requirements of the company and their directors are mainly aimed at satisfying their major shareholders who are the actual stakeholders in the company, the actions and inactions of whom may have a negative effect on the company.Listed
Pages: 5 (1250 words), Essay
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Managing Revenue and Working Capital in Health Organizations
The financial manager might look for other ways like the sale of rights share issue to existing shareholder. The sale of share will generate some cash inflow that can be injected into the long-term expenditures plan without affecting other expenditure within the organization. Sale of shares can be done through seeking approval.  
Pages: 4 (1000 words), Essay
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Generally Accepted Accounting Principles
A company’s board of directors must include individuals responsible for the functioning of the accounting department. The main objective of this body is to ensure a fair representation of both management and shareholders’ interests. These members normally play a huge role in the preparation of financial statements and the prevention of fraud. The board of directors has a good understanding of the organization and should always present the organization in a true and fair view in all its
Pages: 6 (1500 words), Essay
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Financial Fragility, Capital Regulation and Bank Testing
Small banks pose high risk to the investor because they may not be able to acquire funding during the periods of the economic downturn.Sometimes traders purchase asset and use it as collateral against borrowings. However, the trader can borrow up to a certain percent of the security value, but not the entire security value. The difference between the borrowed funds and the collateral value (margin or haircut) is funded from the borrowers’ capital that is usually greater than the haircut or
Pages: 5 (1250 words), Essay
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Educational Loans
Insurance costs amount to $1,000 per year. Flight time, exams, and certificates total $2,000. My total yearly expenses on my college education is $37,000. Since my inflows of cash total $38,482 my yearly budget has a surplus of $1,482. The total costs of my education to complete the bachelors degree is $139,000. The illustration of the budget has an error in the total which displays $148,000 when in reality the total costs are $139,000.The largest source to finance my college education is
Pages: 3 (750 words), Essay
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Financial Risk Management(a reaction to an article)
On the other hand, known unknowns are the points that may be well understood, but the correct way of mitigating them is yet to be identified. The unknown unknowns are the most extreme and uncertain occurrences, which may be too abrupt even for the most advanced risk management system.Finally, part 3 of the article looks at the various lessons that can be learnt from the evaluation. There are lessons for risk managers, such as the fact that risk management should be guided by forward-looking
Pages: 5 (1250 words), Essay
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Profitability of Banks: Commonwealth Bank of Australia
For Commonwealth Bank of Australia, having adequate and sufficient investment is usually taken as one of the essential conditions for retaining a vibrant system of banking (Commonwealth Bank of Australia 2014). In essence, one of the key parameters of interest and profitability is capital adequacy ratio of the bank. This helps in ensuring that stability of its operations.According to Zülch (2011), liquidity is the ability of the bank to obtain cash for meeting the current and necessary
Pages: 8 (2000 words), Essay
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Plz see PPT... the use that knowledge to anwer questions
Life, the manager, board as well as the investment financial advisers should cultivate collective and realistic prospects for the investment performance of the fund. This can be achieved through the determination of the fund’s investment strategies, its risk parameters, and its objectives, established on communications and disclosures to the investors. This mutual indulgence is important in the establishment of the base within which successive assessment of the fund’s performance and, if
Pages: 7 (1750 words), Essay
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