ABFA3134 Financial Accounting Framework 2 DAC - 2013/2014 My Name: Soo Kee Heng Room: R105 Consultation Hours: TBC Structure of the course: 3 Hours Lecturer per week 2 Hours Tutorial per week Coursework 40% [Week 6 & 9] Examination 60% Contents: 7. Framework Property‚ Plant & Equipment Impairment of Assets Intangible Assets Inventories Financial Statements Events after the reporting period 8. Provisions‚ contingent liabilities & contingent assets 1. 2.
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Indoor Management Rule 1. Indoor management rule. Royal British Bank v Turquand; A rule was formulated to the effect that while a third party who dealt with the company was taken to be aware of the contents of that company’s public documents‚ they were not bound to ensure that the company’s internal proceedings were properly carried out. See Morris v Kanssen [1946]AC 459 at 474. “A person dealing with a company in good faith may assume that acts within its constitution have been duly performed
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the international business environments Harley faces are complex and varies due to cultural and regional needs of the diverse markets it competes in. This is shown by the differences of the sales mix in U.S. and Europe as revealed in exhibit 1 of the case. For example‚ in 2006‚ custom models accounted for 47.4% in U.S.‚ whereas it accounted for 13.4% in Europe. In the U.S.‚ other sales of models based on different criteria such as performance‚ touring‚ and standard accounted for 15.1%‚ 35.5%‚ and 2
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issued‚ securities are traded. Secondary Market – Financial market where previously issued securities (such bonds‚ notes‚ shares) and financial instruments (such as bills of exchange and certificates of deposit) are bought and sold. All commodity and stock exchanges‚ and over-the-counter markets‚ serve as secondary markets which (by providing an avenue for resale) help in reducing the risk of investment and in maintaining liquidity in the financial system. Risk – Probability that an actual return
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Multinational business relies on its imports and exports around the world. Factories may be set up in different areas of the world and have their business based on the import and export of raw materials‚ which is what is done by most of them. Developing countries can gain more from multinationals since they help increase labor and its opportunities‚ which then means that the average income of a person will increase allowing them to spend more and lead a better life-style‚ which helps the tax bases
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Chapter 09 The Time Value of Money Answer Key True / False Questions 1. An amount of money to be received in the future is worth less today than the stated amount. TRUE 2. Discounting refers to the growth process that turns $1 today into a greater value several periods in the future. FALSE 3. Compounding refers to the growth process that turns $1 today into a greater value several periods in the future. TRUE 4. The interest factor for the future value of a single sum is equal to (1
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Submitted by: Niraj Kharel Submitted to: Dr. Sushil Raj Sharma Bus 590: Business Strategy January 28‚ 2015Multinational environment in Sri Lanka Multinational companies are those companies who operate their business in more than one country. Their ownership‚ management and control are spread in several countries. The parent company controls the operations of the host country or subsidiary. There are various factors a parent company most consider and properly analyze before moving and operating
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Collapse of Barings Bank Barings was the oldest investment bank in Britain‚ listing among its clients the Queen herself. Indeed‚ the bank’s pedigree was so distinguished that it did not have a logo‚ it had a crest. The firm traces its origins to John Baring of Bremen‚ who settled at Exeter in 1717 and set up in business as a merchant and manufacturer. He became one of the leading businessmen in the West Country. In 1762‚ his three sons established the London merchant house of John & Francis
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Costs – expenses that vary proportionately with changes in output. Sunk Costs – expenses already incurred that have no salvage value Opportunity Costs – profits lost when one alternative is chosen over another that would have provided greater financial benefits. Avoidable Costs – expenses resulting from poor productivity incurred if an investment is not made. Out-of-Pocket Costs – actual cash flow associated with a particular alternative. Cost of Capital – usually expressed as percentage rate
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If you buy a share of stock‚ what will you expect to receive‚ when will you expect to receive it‚ and will you be certain that your expectations will be met? When you purchase a stock‚ you expect to receive dividends plus capital gains. Not all stocks pay dividends immediately‚ but these corporations that do‚ typically pay dividends quarterly. Capital gains(losses) are received when the stock is sold. Stocks are risky‚ so you would not be certain that your expectations would be met - as you would
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