Economics 32 (2001) 237–333 Financial accounting information and corporate governance$ Robert M. Bushmana‚*‚ Abbie J. Smithb a Kenan-Flagler Business School‚ University of North Carolina‚ Chapel Hill‚ NC 27599-3490‚ USA b Graduate School of Business‚ University of Chicago‚ USA Received 4 October 1999; received in revised form 4 April 2001 Abstract This paper reviews and proposes additional research concerning the role of publicly reported financial accounting information in the governance
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Chapter: 01 (Introduction) 1.1 Background APEXADELCHI FOOTWEAR LIMITED. The history of Apex is not very old. Still it is one of the oldest Footwear and Leather Company in Bangladesh. The company was established in 1990 as a proprietorship company at Hazaribagh in Dhaka. In the very beginning‚ it used to operate as leather production from rawhide and exporting. From the year 1993/94‚ the firm started to deal as foreign buyer’s representative and leather chemical distributor .All functions of
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Financial Institution In financial economics‚ a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are regulated by the government. Broadly speaking‚ there are three major types of financial institutions: Depositary Institutions : Deposit-taking institutions that accept and manage deposits and make loans
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1.1.1 Financial Performance Analysis. The financial statement provides the basic data for financial performance analysis. Basic limitation of the traditional financial statement comprising the balance sheet and the profit and loss account is that they do not give all the information regarding the financial operations of a firm. Nevertheless‚ they provide some useful information to the extent the balance sheet mirrors the financial position on a particular date in terms of the structure
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407 (FINANCIAL MANAGEMENT) PRESENTED BY MUDI ABUBAKAR U09/FMS/ACC/055 Question; what are the Nature‚ objectives and scope of Financial Management According to Dr. S. N. Maheshwari‚ “Financial management is concerned with raising financial resources and their effective utilization towards achieving the organizational goals.” Nature of Financial Management Naturally‚ financial management relates the function and scope of accounting and economics. There are three main purposes of financial management
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Financial Accounting vs Management Accounting Management accounting is a field of accounting that analyzes and provides cost information to the internal management for the purposes of planning‚ controlling and decision making. Management accounting refers to accounting information developed for managers within an organization. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification‚ measurement‚ accumulation
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The secrets of good financial management are to keep things simple‚ develop routines and get into good habits. People sometimes worry that financial management will be a very complicated‚ difficult and intellectual process. But in fact the best financial systems are very simple and easy to follow. The more complicated the system‚ the greater the chance that something will go wrong or that someone will make a mistake. Remember‚ the legal responsibility for financial management lies with every
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FINANCIAL PROJECT REPORT ON RABAXY DRUGS Ltd. Submitted By – Divey Yadav (12609016) Abhita Singh (12609021) Hina Gupta(12609013) Acknowledgements Every endeavour has to have a front to precede its valuable culmination. The front can be put into words‚ which once uttered absolves the speaker of every sense of gratitude with which they were uttered. We take this opportunity to express sincere gratitude and respect to all those who played an important role in giving us the right direction
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A STUDY ON THE FACTORS DETERMINING FINANCIAL LITERACY OF HOUSEHOLDS Dr.M.V.Subha‚ Associate Professor‚ Anna University Regional center‚ Coimbatore‚ subhamv@gmail.com P.Shanmugha Priya‚ Assistant Professor‚ Happy Valley Business School‚ Coimbatore‚ shanmu.hvbs@gmail.com Abstract Manuscript type: Research Research Question/ Issue India has been ranked 23rd out of 28 markets in Visa 2012 Global Financial literacy barometer. Financial literacy has gained the attention of a wide range of
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What financial information should be routinely provided to board members? Generally‚ financial information that is provided to board members only has two uses‚ to evaluate the financial condition of the organization and to assess the operational efficiency of the organization. It is usually not necessary to provide detailed financial information to the board. However‚ if there are significant deviations in the quality of care and the plans of the organization are not being met‚ more detailed
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