firms are similar in two major ways: * their primary source of funds comes from customer deposits * their primary source of income is interest earned on loans S&Ls were first limited to offering savings accounts and making home and personal loans to individuals. More recently‚ however‚ savings institutions have been able to offer a more competitive selection of checking and savings accounts; they can even offer credit cards‚ business loans‚ and financial planning services. An important
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contains the company’s unadjusted trial balance as of December 31‚ 2011. BUG-OFF EXTERMINATORS December 31‚ 2011 Unadjusted Trial Balance Cash 17‚000 Accounts receivable 4‚000 Allowance for doubtful accounts 828 Merchandise inventory 11‚700 Trucks 32‚000 Accum. depreciation-Trucks - Equipment 45‚000 Accum. depreciation-Equipment 12‚200 Accounts payable 5‚000 Estimated warranty liability 1‚400 Unearned services revenue - Interest payable - Long-term notes payable 15‚000 D. Buggs‚ Capital
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Management‚ Administration Of Banks Chapter 3 - Deposit Functions Of Banks Chapter 4 - Investments‚ Loans and Other Bank Functions Chapter 5 - Prohibited Transactions and Cessation Of Banking Business Chapter 6 - Foreign Banks and Trust Operations MIDTERM COVERAGE: Chapter 1 - 6 Chapter 7 - The Banko Sentral ng Pilipinas Chapter 8- Currency‚ Monetary Stabilization and Functions of BSP Chapter 9 - Unclaimed Balances and Trust Receipts Chapter 10 - Deposit Insurance Chapter 11 - Anti-Money Laundering
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formatting): Your solution must take into account the possibility that the data could change‚ i.e.‚ do not “hard code” any data values. If the season of a festival changes‚ your calculations should update to the correct values automatically. Additionally‚ if new rows are inserted or existing rows are deleted‚ your spreadsheet model should still work. Problem 2 (40 Points) In the sheet “Problem 2”‚ you are given information about a savings account. Use this information to create a savings
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inside the bank. Together with my two co-workers‚ we arranged different accounts according to its ascending account number. We classify the accounts accordingly‚ either it is a current account‚ withdrawals‚ NOW account and savings account. On the next days‚ we have done the same thing but we are able to level up. After we arrange the different slips‚ we proceed to the process of “call backing’’ in which we check all the account number and amount in the record of all the depositors of the bank excluding
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equation are assets‚ liabilities‚ and equity. Assets include Cash‚ Accounts Receivable‚ Notes Receivable‚ Prepaid Expenses‚ Land‚ Building‚ Equipment‚ Furniture‚ and Fixtures. Liabilities include Accounts Payable‚ Notes Payable‚ Accrued Liability‚ and Unearned Revenue. Equity includes Owner’s Capital‚ Owner’s Withdrawals‚ Revenue‚ and Expenses. 2. Companies need a way to organize their accounts so they use a chart of accounts. Accounts starting with 1 are usually Assets‚ 2 – Liabilities‚ 3 – Equity
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TACKLING CURRENT ACCOUNT DEFICIT IN INDIA INTRODUCTION There has been a sharp increase in the Current Account Deficit in Indian economy. In previous years the current account deficit increased moderate rate but in the fiscal year of 2011-12 there was sharp increase in current account deficit‚ marking a rise to nearly 4.2 per cent of GDP. High current account deficit has always posed serious implications for an economy and therefore for India it is a matter of concern. This research paper deals with
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award. ………………………………………………………. Kihenya‚ Ramadhani (Reporter) CERTIFICATION The undersigned certify that he has read and hereby recommend for acceptance by the Institute of Finance Management this report entitled Deposit Mobilization which is partial fulfillment of the requirement for the award of Bachelor degree in Banking and Finance. SIGNATURE:…………………… Ms. Bupe. SUPERVISOR …………………………… DATE ACKNOWLEDGEMENT The accomplishment of this
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audit during the planning phase. The purpose of assessing risks early is to help auditor plan the audit by deciding which parts of the audit to emphasize and the extent of testing. It helps auditors to understand the nature‚ timing‚ extent of the accounts‚ therefore plan a right procedure and the appropriate evidence to accumulate 2. Explain how the levels of acceptable audit risk and materiality you selected in this assignment might affect the remainder of the audit. Specifically‚ what effect would
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certain rules and regulation regarding business. How they wished they could manage every single task a company must do for the sake of their dues business became complicated with large number of works to monitor on sales‚ collection‚ reports‚ and accounts. Such problem affected the company’s customer service commitments and caused low productivity and profit levels. The need to increase manpower certainly will affect income and complicate the company’s operation. Updating reports have wasted time
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