Bank Reconciliation Statements (With answers) A. Purpose of a bank reconciliation It should be prepared regularly as part of the internal control system of the business to check: a) the accuracy of the cash book b) the accuracy of the bank statement c) that undue delay is not occurring between payments‚ receipts and their clearance by the bank d) to discover payments made and items received by the bank not entered in the cash book B. Reasons for differences in bank statement and cash
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1990-pReseNt The merger‚ 1990-1991 On 22 September 1991‚ the two largest general banks in the Netherlands‚ Algemene Bank Nederland (ABN) and Amsterdam-Rotterdam Bank (Amro)‚ merged. The resulting company adopted the name ABN AMRO. The two principal motives for the merger were to concentrate strengths and to scale up business internationally. The South American operations of ABN AMRO’s subsidiary Hollandsche Bank-Unie were combined with those of Banco Real under the name Banco ABN AMRO Real. In
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the objectives of bank performance analysis? • evaluate progress towards meeting the goals and objectives set out by management‚ and • compare a bank’s performance relative to other banks • highlight strengths and weaknesses • for management to take appropriate remedial action 2. What are the main external forces that have an impact on a bank’s performance? • Deregulation – unleashed competition on both sides of the balance sheet. • Innovation and Globalisation – expanded banks’ balance sheets in
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Commercial Banks Commercial Banks grant mainly short-term loans.In the beginning‚commercial Banks extended loans to traders and merchants for the transport of their goods in both domestic an international trade as well as to finance the holding of an inventories during the brief period required for their sales. To day‚commercial banks are the biggest lenders in commercial and industrial loans. They supply loan funds to business firms as well as to consumers ‚ government agencies‚ universities
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Act (FPA) 1957 - power to enact c. Audit Act 1957 - provisions for audit d. Treasury Instructions - rules approved & document e. Treasury Circulars - new rules f. Government Accounting Standard (PPK) - standard & basis g. International Public Sector Accounting Standard (IPSAS’s) - standard by IFAC for global 2. Non-financial procedure Financial Provisions of the Federal Constitution (Art 96 to 112) 1. Objectives a. Establish general framework for control of public expenditure b. Provide
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Telecom reforms was initiated in 1994‚ there were three incumbents in the fixed service sector‚ namely DoT (Department of Telecom)‚ MTNL and VSNL. Of these‚ DoT operated in all parts of the country except Delhi and Mumbai. MTNL operated in Delhi and Mumbai and VSNL provided international telephony. Given its all-India presence and policy-making powers‚ the DoT enjoyed a monopoly in the telecom sector prior to the major telecom reforms. However‚ subsequent to the second phase of reforms in 1999‚
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ADVERTISING Scoot Advertising Proposal BigThing Advertising 24C Seah Street Singapore‚ 189702 T (65) 63678714 F (65) 63678712 enquiries@bigthing.com BigThing Table of Contents Executive Summary Situational Analysis Key Strategy Creative Strategy Creative Execution Promotional Activities Media Selection Activity Plan Summary of All Cost Campaign Evaluation Appendix 2 3 8 12 14 16 20 24 24 25 26 Scoot Advertising Proposal 1 BigThing Executive Summary
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Economics Program at the University of Chittagong‚ observed that banks did not extend their credit schemes to the rural poor as they were not considered creditworthy. In this situation‚ the rural poor were forced to approach moneylenders who charged exorbitant rates of interest. In 1976‚ Yunus launched The Grameen Bank Project‚ on an experimental basis to study the framework of banking services for the rural poor. The objectives of the Grameen Bank Project were: •Providing banking services to the rural
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I. Overview of Commercial Banks: 1. Concept: Based on the law of Credit Institutions: Commercial bank is a type of credit institution which made the whole banking and monetary operations related. Based on the activity content: Commercial bank is a type of bank which make direct transactions with companies‚ enterprises‚ economic organizations and individuals‚ by taking deposits‚ savings‚ and then use that capital to lend ‚ discounts‚ provide means of payment and supply banking services for
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Organized Retailing in the last decade has emerged as one of the sunrise industries in India‚ closely following the IT and biotechnology industry. The boom in the sector started after the liberalization measures were initiated in 1991 in the country. Several large chains have entered the bandwagon and achieved fair to significant success. Indian retailing has evolved over the past decade‚ from largely an ‘informal’ and disorganized marketplace to an increasingly corporatised industry at least in
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