Kieso‚ 2011). The field of accounting is typically divided into financial and managerial accounting. The purpose of financial accounting is to report on a company’s financial condition to external users of this information‚ including investors‚ creditors‚ and regulatory agencies. On the other hand‚ management accounting is primarily focused on the reporting of information for internal use by the company’s management. Businesses utilize the financial information gained through accounting to make
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assets Rs in lacs Current liab Rs in lacs Raw material 200 Creditors 250 WIP 100 Other CL 50 Finished goods 200 Bank borrowings 300 Receivables 300 total cL 600 Other CA 50 Total Core CA (CCA) 300 Total CA 850 2. From the following data calculate MPBF under all the 3 methods of Tandon committee Current assets Rs in lacs Current liabilities Rs in lacs Raw material 180 Creditors 120 Work in progress 50 Other current liab 30 Finished
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financial institutions can treat consumer data in general. The Right to Financial Privacy Act may also apply. Case 20-9 To become a secured party‚ the creditor must obtain a security interest in the collateral of the debtor. Three requirements must be met for a creditor to have an enforceable security interest: Unless the creditor has possession of the collateral‚ there must be written or authenticated security agreement that clearly describes the collateral‚ there must be written or authenticated
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Objective of financial reporting and the capital markets The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors‚ lenders and other creditors in making decision about providing resources to the entity. Qualitative characteristics of useful information The Framework 2010 identifies two fundamental qualitative characteristics of useful financial information: relevance and faithful
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1 | Sunset Boards | | 2010 Income Statements | | $ (Thousands) | | | | | Net Sales | $321‚437.00 | | COGS | $(163‚849.00) | | S&A | $(32‚223.00) | | Depreciation | $(46‚255.00) | | EBIT | $79‚110.00 | | Interest | $(10‚056.00) | | Taxable Income | $69‚054.00 | | Tax (20%) = 13‚810.2 | $(13‚810.80) | | Net Income | $55‚243.20 | | | | | Retained Earnings | $27‚621.60 | | Dividents | $27‚621.60 | | | | | Sunset Boards
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UNIVERSITY OF LAGOS SCHOOL OF POST GRADUATE STUDIES LLM PROGRAM SEMINAR PAPER IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE GRANT OF LLM DEGREE COURSE: SECURED CREDIT TRANSACTION TOPIC: FLOATING CHARGE AS A MEANS OF SECURITY IN CORPORATE FINANCE MEMBERS ODO Ifeoma Matric. No. 109061033 ARINOLA Abisola Ajoke Matric. No. 109061098 AWAJI Cecilia Matric No. 109061026 FALADE Olaronke Matric. No. 099061090
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Referencing guide (14th Rev. ed.). (2011). Joondalup‚ Australia: Edith Cowan University. Copyright Notice Copyright Warning Copyright © 2011 Edith Cowan University. All rights reserved. This document and all works comprised in it are copyright and no part of it may in any form or by any means (including without limitation‚ electronic‚ mechanical‚ microcopying‚ photocopying‚ recording‚ scanning or otherwise) be modified‚ reproduced‚ stored in a retrieval system‚ published‚ broadcast‚ distributed
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The Chapter permits cram downs if three-quarters of creditors vote for a reorganization plan and at least 50% of creditors votes. Secondly‚ a public corporation (or the GDB on behalf of the public company) files a petition with a court to restructure. Chapter 3 provides a formal approach to debt restructuring. The chapter permits the
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in case of non-fulfillment or breac Duties of obligation to deliver a generic thing: 1. deliver the thing which is of the quality intended by the parties 2. to be liable for damages in case of fraud‚ negligence‚ delay. Etc. ART. 1164 The creditor has the right to the fruits of the thing from the time the obligation to deliver arises. However‚ he shall acquire no real right over it until the sane has been delivered to him. Different kinds of fruits: 1. natural gruits 2. industrial fruits
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obtained by a branch for proceeding under SARFAESI Act is mentioned as Appropriate Authority. Secured Creditor Secured creditor means the bank. In case of consortium accounts secured creditors means the consortium or group of Banks / Financial institutions Security Interest Security Interest means right‚ title and interest of any kind upon property created in favour of the secured creditor and includes any mortgage‚ charge‚ hypothecation or assignment. Demand Notice Section 13(2) Before
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