The financial controller’s function (the chief accountant) typically handles the accounting activities such as corporate accounting‚ tax management‚ financial accounting and cost accounting. The duties of a financial controller vary depending on the size of the entity‚ number of accountants in the company and the difficulty of the accounting and financial operations. Their basic role of a financial controller is to be accountable for the accounting operations of the company. In this light they have
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that would normally have been placed in a bank or other financial institution (financial intermediaries) directly into investment instruments issued by the ultimate users of the funds. Investors and borrowers transact business directly and thereby bypass banks or other financial intermediaries. (2) The elimination of intermediaries between the first case providers of capital and the ultimate users of capital‚ withdrawal of funds from financial intermediaries such as banks‚ thrifts‚ and life insurance
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10 years of financial scams It terms of reform and development‚ the Indian capital market and financial sector have been the fastest to grab every opportunity presented by the paradigm shift in India’s economic policy. Their furious developmental activities have put the two top Indian bourses almost on par with the best in the world‚ in terms of their structure‚ systems and regulation. But for all the development efforts‚ the capital market remains seriously flawed because three key ingredients
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strike price is $51. The option expires on July 31‚ 2010. On March 31‚ 2010‚ the market value of Reese stock was $48 per share and the time value of the option was $120. The put option is not designated as a hedge. If the company has to prepare financial statements on March 31‚ 2010‚ what would the entry be? A debit to the Put Option and a a. credit to Unrealized Holding Gains/Losses – Income $805. b. credit to Unrealized Holding Gains/Losses – Equity $805. c. credit to Unrealized Holding
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Unit 203 Learning Outcome 1 1.1‚ 1.2‚ 1.3‚ 1.4 a‚ b and Outcome 3‚ 3.5a In your group discuss the following situations and choose one to write a short role play to share with the rest of the class. You are on playground duty when a little girl from class 4d runs up to you apparently very upset. She is trying to tell you about an argument that has developed between a group of children
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enhancing the skills of their people and providing them with regarding career opportunities and upgrading their research and development. Through this mission‚ the company can increase more investors to invest in their company which will increase the financial resources by focusing more on increasing shareholders’ profit. In addition‚ the company understood that consumers are their key value in generating more profits. Thus‚ they are always coming up with quality products as they foresee that customer
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Verizon vs. Sprint: A Financial Comparison Mark Burrus Accounting 210‚ TR 2:00 Dr. Jeffrey J. Quirin April 27‚ 2010 Introduction The telecommunication industry has experienced substantial growth during the last 20 years‚ and offers frequent technological upgrades that has enabled these companies to find new revenue sources and growth opportunities. The telecommunication industry is responsible for radio‚ television‚ and broadband services‚ but the biggest factor of their business is
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Financial Feasibility Monthly Income Statement Factors Calculations Results Potential Gross Income $2.30/sq ft * 201‚707 sq ft $463‚930.00 Leasable space 201‚707 sq ft Parking 400 * $145 $58‚000.00 Vacancy allowance: 15% 15%* ($463‚930+$58‚000) $ 78‚290.00 EGI: $463‚930-$69‚590 $443‚640.00 Operating expenses: 32% of EGI $257‚094*.32 $141‚965.00 Net operating income: $257‚094 - 82‚270 $301‚675.00 Assumptions Changes in Rent “Commercial real estate investors and occupiers
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The Illusion That Took the World by Surprise Enron: The Smartest Guys In the Room is a movie about Enron and how it fooled the world into believing it was one of the most stable and profitable companies in the U.S. This is very sad because many people believed in the figures Enron was producing and entrusted their life saving in Enron stock. The scandal didn’t just affect a small group of people but 10’s of thousands of people lost everything‚ due to an illusion. Kenneth Lay earning a Ph
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Financial risk management is not a new area of corporate finance but it certainly is not the most glamorous or favorable area to be in and is gaining more attention in the current economic crisis. Risk management is a part of many different lines of work‚ but all have the same purpose; identifying risk is imperative to success so that you can also discover ways to mitigate or avoid the problem and make sounds decisions. “Financial risk is the loss expectation arising from adverse security prices
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