FACULTY OF MGT & COM. SOUTH EASTERN UNIVERSITY OF SRILANKA ANALYSIS OF FINANCIAL STATEMENTS OF COMMERCIAL BANK INTRODUCTION In this report I have mentioned the ratio analysis of the financial statement’s data (income statement and balance sheet) of the commercial bank by comparing five year information given by that statements. It includes 2007‚ 2008‚ 2009‚ 2010 and
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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4th Amendment and NYPD surveillance The United States has leaded the world as the dominant super power. Today many people around the world are wondering how did the United States come into existence and more importantly how has it been able to maintain its place as the most dominant nation. One thing which makes this country so great and contributes too many successful years is its democratic laws. Nobody wants a monarchy or a system which abuses the people without protection. The Founding fathers
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the most are the 1st‚ 4th‚ and 9th where as the 7th‚ 6th‚ and 5th are not as relevant. The first amendment protects my freedoms of expression; religion‚ assembly‚ petition‚ press‚ and speech. The most used freedom of expression in my life is freedom of speech‚ the right to express my opinion in a peaceful way. Being able to say what I believe about the government‚ ways of life‚ causes I support‚ and other beliefs I disagree with is all defended by the 1st amendment. The 4th amendment is also very
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Chapter 1 BUSINESS COMBINATIONS Answers to Questions 1 A business combination is a union of business entities in which two or more previously separate and independent companies are brought under the control of a single management team. APB Opinion No. 16 describes three situations that establish the control necessary for a business combination‚ namely‚ when one or more corporations become subsidiaries‚ when one company transfers its net assets to another‚ and when each combining company transfers
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First Twelve 1. COLONIAL ENGLISH AMERICA 1. In 1606‚ the Virginia Company received a charter from King James I to make a settlement in the New World. 2. On May 24‚ 1607‚ about 100 English settlers disembarked from their ship and founded Jamestown. 3. Problems emerged including (a) the swampy site of Jamestown meant poor drinking water and mosquitoes causing malaria and yellow fever. (b) men wasted time looking for gold rather than doing useful tasks (digging wells‚ building shelter‚ planting
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Hong Kong Polytechnic University School of Accounting and Finance AF1605 INTRODUCTION TO ECONOMICS Course Outline First Semester 2013/2014 Subject Code: AF1605 Subject Title: Introduction to Economics Mode of Study: Lecture Tutorial 28 hours 14 hours Assessment: Coursework Final Examination 50% 50% Minimum Pass Grade: Coursework Final Examination D D Subject Lecturers Dr Y.C. Chan Dr Vincent Mok Office: M853 Office: M844 Phone: 27667118
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The declaration of Independence was put in place on July 4th‚ 1776. The declaration came more than a year after the outbreak of the American Revolutionary War. It made the thirteen American colonies at war with Great Britain independent states and no longer under the British monarchial rule. Thomas Jefferson was chosen by John Adams to write the original draft of the declaration in which congress would finalize it. The declaration explained why the American colonies voted on July 2nd to declare
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