becomes equally important that each of the government should be provided with sources of raising adequate revenues to discharge the functions entrusted to it. For the successful operation of the federal form of government financial independence and adequacy for the backbone. Sales taxes are most important revenue for the state sin India. While the taxes vary in their design‚ they are generally levied in the first point of sale within the State. Hamilton in his federalist papers stated that Multileveled
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19. How has the Sarbanes-Oxley Act affected internal controls? The Sarbanes-Oxley Act was created because of the losses that stockholders experienced due to financial fraud. Because of SOX‚ internal control of public companies’ management increased. It established provisions that companies should fulfill pertaining to their management and recording of transactions. More thorough and stricter guidelines were created to help companies go about with their activities related to internal controls. This
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toward defined-contribution plans that require employ- ees to actively join and select their own savings rate. For those workers who are eligible only for a defined-contribution plan and elect not to join or to contribute a token amount‚ savings adequacy may be much
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www.hollard.co.za Annual Financial Statements for the year ended 30 June 2011 Contents Corporate Governance Report Group Audit Committee Report 2 6 LIFE Group salient features Directors’ responsibility statement and approval of annual financial statements Statement of actuarial values of assets and liabilities Notes to the statement of actuarial values of assets and liabilities Embedded value statement Independent Auditors’ Report Directors’ Report Statements of financial position Income
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locations in India. 2. Industry Profile – The Banking Industry A bank ’s management must look at the following criteria before it decides how many loans to extend‚ to whom the loans can be given‚ what rates to set‚ and so on: • Capital Adequacy and the Role of Capital • Asset and Liability Management - There is a happy medium between banks overextending themselves (lending too much) and lending enough to make a profit. • Interest Rate Risk - This indicates how changes in interest
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ORGANIZING THE ENTERPRISE Why do you go to business? Reasons: 1. Personal Satisfaction – they enjoy challenges and risk-taking ventures. Their business success gives them a sense of fulfillment. 2. Family involvement- they feel it is their responsibility to continue the business of their parents‚ especially if it is profitable. 3. Independence and power- they want to be the boss. 4. Social Activities- there are people who are really born socializers. 5. Profit experience- some
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Problems Identified By The Narasimham Committee 1. Directed Investment Programme : The committee objected to the system of maintaining high liquid assets by commercial banks in the form of cash‚ gold and unencumbered government securities. It is also known as the statutory liquidity Ratio (SLR). In those days‚ in India‚ the SLR was as high as 38.5 percent. According to the M. Narasimham’s Committee it was one of the reasons for the poor profitability of banks. Similarly‚ the Cash Reserve Ratio-
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INTRODUCTION A merchant banking is a financial institution primarily engaged in offering financial services and advice to company and wealthy individuals on how to use their money. A merchant bank deal with commercial banking needs of finance‚ company & long term loans and stock writing. Merchant banking does not have retail offices where customer can go and access their account. A merchant bank is also called as wholesale banking.
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Chapter- One Introduction 1.1 Rationale for the study: The prediction of credit ratings is of interest to many market participants. Portfolio risk managers often need to predict credit ratings for unrated issuers. Issuers may seek a preliminary estimate of what their rating might be prior to entering the capital markets. For that matter‚ the rating agencies themselves may seek objective benchmarks as an initial input in the rating process. Understanding the increasingly important role of
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Question: Identify any information management activity in any organization of your choice and apply the processes of designing data and information management. Developing Health Management Information Systems The basic concepts Some Definitions System: A collection of components that work together to achieve a common objective. Information System: A system that provides information support to the decision-making process at each level of an organization Health Information System: A system
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