THE FINANCIAL SERVICES ACT 2007 Act No. 14 of 2007 Government Gazette of Mauritius No. 76 of 22 August 2007 Proclaimed by [Proclamation No. 21 of 2007] w.e.f. 28 September 2007 Please note - “A reference in any enactment to the Financial Services Development Act 2001 shall be construed as a reference to the Financial Services Act 2007”. – [Act No. 14 of 2007]‚ Section 97 (14) I assent SIR ANEROOD JUGNAUTH President of the Republic 21st August 2007 __________ ARRANGEMENT OF SECTIONS
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Financial Management – Handout »Balance Sheet - Statement of financial positions on a specific date * Book value: value on balance sheet (historical cost) * Market value: value of assets depends on riskiness‚ cash flows * Balance sheet identity: Assets = Liabilites + Shareholders‘ equity * Debt versus equity: Shareholders equity = Assets + Liabilities * Financial leverage: the more debt‚ the greater its degree of financial leverage »Income
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“It could have been prevented.” Often heard‚ the statement refers to situations for which some believe action should have been taken by specific people/a specific person to keep something (usually negative) from occurring; those people/that person is responsible in a way. The majority of the time‚ this statement is utilized in situations which are tragedies and/or violations of the law‚ law enforcement‚ lawmakers‚ etc. being those responsible. The minority of the time‚ The animals of Animal Farm
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A SUMMER PROJECT REPORT ON “FINANCIAL STATEMENT ANALYSIS” Submitted for the partial fulfillment of the requirement of the degree of Master of Business Administration‚ Under BPUT‚ Rourkela‚ Orissa [pic] 2008-10 ROURKELA STEEL PLANT‚ SAIL SUBMMITTED BY AHWAN MAHAKUDA ROLL NO.0806806036 GUIDENCE UNDER INTERNAL GUIDE EXTERNAL GUIDE Mr. SURESH KU SAHOO Mr. G. ARORA Lecture in Finance
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negative effects on the German people during his reign. Hitler came into power when the weak Weimar republic were giving into the Treaty of Versailles‚ this only made the republic weaker and causing them to lose their army and their money. Germany tried to find a stronger leader who could lead them out of depression during the time of the treaty‚ when Hitler came into power he created the Nazi party who convinced the public that they could fix the problems in Germany. When the Nazi party was in power
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Why Zoos Have A Negative Effect On Animals What effect do zoos really have on animals? Do zoos have a negative effect on the animals? When a animal is captured and brought to a zoo‚ does it negatively affect their behavior? With the first zoo being created in 1874 this has been an almost 150 year issue that has sparked controversy among many zoologists and common people as many say that the zoo is like a prison towards the animals as they are put into an enclosure for most of their lives. Although
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SFAC 6 ELEMENTS OF FINANCIAL STATEMENTS ASSETS. Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. LIABILITIES. Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. EQUITY. Residual interest in the assets of an entity that remains after deducting its liabilities
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Final Project: Analyzing Financial Statements By: Whitney Allen (Current ratio‚ long-term solvency ratio‚ contribution ratio‚ programs/expense ratio‚ general and management/expense ratio‚ and revenue/expense ratio for the years 2003 and 2004.) * Current Ratio 2003 2004 * Long-Term Solvency Ratio 2003 2004 * Contribution Ratio 2003 2004 * Programs/Expense Ratio 2003 1.0 2004 1.11 * Management/Expense Ratio 2003 2004 * Revenue/Expense
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access of media‚ celebrities have more and more impact on the young. A lot of people think celebrities have a responsibility to act as role models. However‚ I disagree with this opion. There are many other ways to find role models for young people. Plus‚ celebrities become famous because they can sing‚ dance‚ act‚ or they are super good at something. But celebrities are human beings too. Like everyone else‚ celebrities make mistakes too. People think celebrities should act as role models because celebrities
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FINANCIAL STATEMENT ANALYSIS for Policy regarding expansion in future: Analyzing financial statements involves evaluating three characteristics: a company’s liquidity‚ profitability and solvency. A short-term creditor such as a bank is primarily interested in liquidity – the borrower to pay obligations when they come due. A long-term creditor‚ such as a bondholder‚ looks to profitability and solvency
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