literatures on economic growth asserted that ex-ante development of the financial system facilitate ex-post economic growth (e.g. Rajan and Zingales). In recent time‚ the link between financial market development and economic growth has received much attention in the literatures (King and Levine 1993‚ Rajan and Zingales 1998‚ Calderon and Liu 2002‚ Sunday E. Ewah and Judey Bassey 2004‚ T.S. Osinubi 2000). This is not unexpected as the financial market provides the needed finance which serves as the lubricant
Premium Economics Economic growth Investment
ACCOUNTING AND RISK MANAGEMENT IN ISLAMIC FINANCE AND INVESTMENT LTD MANAGEMENT ACCOUNTING AND RISK MANAGEMENT IN ISLAMIC FINANCE AND INVESTMENT LIMITED (IFIL) By MASUD PARVEZ RANA ID# 1030155 The Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY‚ BANGLADESH September‚ 2014 MANAGEMENT ACCOUNTING AND RISK MANAGEMENT IN ISLAMIC FINANCE AND INVESTMENT LTD MANAGEMENT ACCOUNTING AND RISK
Premium Management accounting Risk management Management
1 GOVERNMENT BUDGET 2 WHY DO YOU THINK THAT‚ IT IS NECESSARY FOR GOVERNMENT TO BUDGET? INTRODUCTION. A budget may be defined as a financial statement made by the government‚ which spells out estimated government revenue and proposed and expenditure‚ of a Government in a given period; usually a year (Oguji‚ 2004). A budget is also‚ a detailed statement of government’s expected revenues and expenditures for the ensuing financial year. The budget is also considered as a financial
Free Tax Public finance
Mini Case Report – The Dilemma at Day-Pro 1) PayBack Period for Synthetic Resin and Epoxy Resin: Synthetic Resin PBP = 2 + 250/200 = 2.5 years Epoxy Resin PBP = 1 + 200/400 = 1.5 years To show that using the Payback Period to evaluate the projects is flawed‚ Tim can argue that the PayBack Period ignores the time value of money‚ requires an arbitrary cutoff point‚ ignores cash flows beyond the cutoff date‚ and is biased against long-term projects‚ such as research and development‚ and new projects
Premium Net present value
The QuarterlyReviewof Economics and Finance‚Vol. 35‚ Copyright0 1995 Trustees of the Universityof Illinois All rightsof reproductionin any form reserved. ISSN 003%5797 NO. 1‚ Spring‚ 1995‚ pages 7347 Bridging the Theory-Practice Gap in Corporate Finance: A Survey of Chief Financial Officers EMERY A. TRAHAN and LAWRENCE J. GITMAN Northeastern University and San Diego State University The primary objective of this article is to assess general research opinions‚ barriers to using sophisticatedfinancial
Premium Corporate finance Capital budgeting Investment
ISLAM Islam (Arabic: الإسلام) is a monotheistic and Abrahamic religion articulated by the Qur’an‚ a book considered by its adherents to be the verbatim word of God (Arabic: الله Allāh‚ and by the teachings and normative example (called the Sunnah and composed of hadith) of Muhammad‚ considered by them to be the last prophet of God. An adherent of Islam is called a Muslim. Muslims believe that God is one and incomparable and that the purpose of existence is to worship God. Muslims also believe that
Premium Islam Muhammad Qur'an
Crooked CEO gets 50 years jail In 2013‚ the founder of Peregrine Financial Group Inc. sentenced 50 years jail for stealing $250 million from investors and hiding his theft around 20 years. The U.S. Attorney Sean R. Berry of the Northern District of Iowa states that‚ for years seemed Russell Wasendorf‚ Sr. was a successful CEO of his own brokerage and respected member of his company‚ supporting local charity‚ and creating jobs. But in reality‚ “he was a con man who built a building on smoke and mirrors”
Premium Fraud Enron Accounting scandals
CHAPTER 3 Arbitrage and Financial Decision Making Chapter Synopsis 3.1 Valuing Decisions When considering an investment opportunity‚ a financial manager must systematically compare the costs and benefits associated with the project in order to determine whether it is worthwhile. Determining the cash value today of the costs and benefits is one way to make such a comparison. In a competitive market‚ a good can be bought and sold at the same price‚ so the market price can be used to determine
Premium Net present value Financial markets Rate of return
guide for detail step-by-step group project guidelines. Here is a reminder on your group project submission requirements for Part 1: 1. Submit team document in Microsoft Word. Submit your writing as a narrative‚ a list of tips or a combination. The length of paper will vary depending on number of team members and format chosen by team. 2. Include sources in APA format. All references must be cited in paper. Available Topics: 1. Corporate social responsibility 2. Work-life Balance 3. Leadership
Premium Twitter Social network service Social media
leading to its bankruptcy in 2008‚ “a process known as leveraging or gearing”. A large part of their investments were towards housing market‚ making it vulnerable to a downturn in that market. This firm generated large profits during the housing boom‚ this place them in a vulnerable position; once a loss 3-4% of its value of it would diminish its book value or even equity. Furthermore‚ Investment banks are not subjected to the same regulations applied to banks to restrict their risk-taking. The
Premium Fraud Lehman Brothers Accounting scandals