because the financial reporting process will be quite easy to apply. 25. In the conceptual framework for financial reporting‚ what provides "the why"--the goals and purposes of accounting? d. Objectives of financial reporting 26. The underlying theme of the conceptual framework is a. decision usefulness. 27. Which of the following is not an objective of financial reporting? d. All of these are objectives of financial reporting. P28. The objectives of financial reporting
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There are specific differences between direct finance and indirect finance. There are six main functions of financial intermediaries and they are: * Size transformation can only be made by financial intermediaries‚ savers/depositors are prepared to lend smaller amounts of money than the amounts required by borrowers. Banks perform the size transformation function exploiting economies of scale associated with the lending/borrowing function. * Maturity transformation which is that savers generally
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differences in financial reporting practices between countries still exists mainly due to the setting of national accounting standards in different countries by their own respective government. Looking at this issue in a world-wide view‚ we can notice that every country in the world regardless of whether it is a developed or developing country‚ the standard setting is always the responsibility of the government authority of that country. Taking NZ as an example‚ the external financial reporting framework
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FINANCIAL SERVICES Chapter 1 1. Elucidate the scope for merchant banking in India.(12) 2. Critically examine the nature of services rendered by merchant bankers.(12) 3. Define merchant banking. Elaborate the multifarious services rendered by the merchant banks in India.(12) 4. Critically examine the nature of services provided by the merchant bankers.(12) 5. Discuss the functions of merchant bankers.(12) Chapter 2 1. Describe guidelines of ADR issue.(12) 2. *Give a
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Financial distress‚ reorganization and bankruptcy You are required to explore‚ study and investigate the issues of financial distress‚ reorganization and bankruptcy of firms around the world‚ in particularly Malaysia and examined the factors that may have caused this phenomenon. Search for journal articles (at least 10) that are related to these topics and provide your comments and opinions in your write-up‚ not more than 10 pages. Financial distress can be defined as situation in which a company
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Jason Hurley FINA 3144‚ Dr. Glegg Financial Markets Excel Project Part 1: 1. The bond prices are all different due to the coupon payments and the years left to maturity all being different for each bond. Since each bond’s coupon rate is different‚ it has a direct effect on the coupon payments for each bond‚ which makes each bond price different. 2. The duration for each bond tells you what is the total percentage increase or decrease each year for the weighted values of each bond
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periods‚ how income will the grandchild receive each year? Answer From financial calculator $2‚000‚000 PV 1 N 7% I/Y CPT PMT = 2‚140‚000 $2‚140‚000 - $2‚000‚000 = $ 140‚000 The granchild will receive $140‚000 for each year b) Nicole establishes a seven-year‚ 8 percent loan with a bank requiring annual end-of-year payments of $960.43. Calculate the original principal amount. Answer From financial calculator $960.43 PMT 7 N 8% I/Y CPT PV = $5000.35 The
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FINTMED CLASSROOM NOTES FINANCIAL INTERMEDIARY * a middleman between people who needs capital and people who has capital * Institutions that matches lenders and borrowers TOPICS: (for the whole term) OVERVIEW | INTEREST RATES | BANKS | COLLATERAL AND CREDIT RISK MANAGEMENT | NON-DEPOSITORY FINANCIAL INSTITUTION | BANK CAPITAL AND DEPOSIT INSURANCE | * Insurance firms | BANK RUNS AND CONTAGIONS | * Securities firms | BOND MARKETS | * Investment firms | EQUITY MARKETS
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Financial Statements XACC/290 January 12‚ 2014 Melissa Drayton Financial Statements There are four basic financial statements: balance sheet‚ income statement‚ retained earnings statement‚ and statement of cash flows. These financial statements would include an overview of the assets‚ liabilities‚ expenses‚ and revenues of the business. Financial statements are useful not only to internal user; such as managers and employees‚ but also to external users; such as investors and creditors to
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Financial Instruments Professor Lasse H. Pedersen Prof. Lasse H. Pedersen 1 Overview Real and financial assets Use of financial assets Important examples of financial assets Prof. Lasse H. Pedersen 2 Real Versus Financial Assets Real Assets – Assets used to produce goods and services – Examples: factories‚ land‚ human capital‚ etc. Financial Assets – Claims on real assets such as stocks bonds – Derivatives Prof. Lasse H. Pedersen Use of Financial Instruments
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