CHAPTER 1 INTRODUCTION “Charging Rhino” is now the facemask of ASTC‚ which earlier was the “Standing Rhino”. This is not only the change in the ASTC mark‚ but also it shows the changes ASTC had undergone after introduction of “Revival Scheme” in year 2001-02. Change in the service of ASTC had been one of the greatest achievements of ASTC‚ which had changed the perception of public‚ regarding ASTC service. Government of Assam and Assam State Transport Corporation had jointly taken this initiative
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reference for the evaluation and development of sound accounting practices. IS AN ACCOUNTING THEORY POSSIBLE? 115 Let’s compare this with what many believe is the accounting framework‚ the IASC Framework for the Preparation and Presentation of Financial Statements. This Framework purports to: 1 assist the board of IASC in the development of standards and review of existing standards 2 provide a basis for reducing
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Working Capital Requirements and the Determining Factors in Pakistan Mian Sajid Nazir* and Talat Afza** Literature on corporate finance has traditionally focused on the study of long-term financial decisions. Researchers have examined‚ in particular‚ the investment decisions‚ capital structure‚ dividends or company valuation decisions‚ among other topics. However‚ short-term assets and liabilities are important components of total assets and need to be carefully analyzed. Management of these
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to practicing accountants. First of all‚ it is important to understand what accounting theory is and who the practicing accountants are. The practicing accountants should include those people who work in or relate to the accounting‚ such as the financial accountants‚ management accountants‚ auditors and regulators. Hendriksen (1970‚ p. 1) defined the accounting theory as: …logical reasoning in the form of a set of board principles that (1) provide a general framework of reference by which accounting
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Financial Ratio Analysis PROFITABILITY - Ability to sell a product for more than the cost of producing it. - Not an exact estimate of the company’s pricing strategy but give a good indication of financial health. - Without an adequate gross margin‚ a company will be unable to pay its operating and other expenses and build for the future. - Should be stable should not fluctuate much from one period to another‚ unless the industry it is in has been undergoing drastic changes which will
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Financial Management FINANCIAL INTERMEDIERIES IN PAKISTAN Definition: A financial intermediary is an institution‚ firm or individual who performs intermediation between two or more parties in a financial context. Typically the first party is a provider of a product or service and the second party is a consumer or customer. Financial Intermediaries are financial institutions that accept money from savers and use those funds to make loans and other financial investment in their
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FINANCIAL BODIES HEADS Minister of Corporate Affairs Lt. Sachin Pilot.Analysis of the data on Ratio: Ratio analysis is one of the techniques of financial analysis to evaluate the financial condition and performance of a business concern. Simply‚ ratio means the comparison of one figure to other relevant figure or figures. According to Myers ‚ “Ratio analysis of financial statements is a study of relationship among various financial factors in a business as disclosed by a single set of statements
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lights shining down onto the stage covered in steam which was floating around like clouds. I was going to be under those lights in five minutes. My heart was beating faster and faster by the second‚ like a drum on repeat. It was my first ever performance on my own‚ I was on last‚ I stood there with my legs crossed‚ they couldn’t move. Suddenly I thought of my mummy and daddy and the rest of my family sitting there with big smiles on there faces waiting for me to step onto the stage and be so proud
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FINANCIAL MANAGEMENT (FIN5FMA)‚ SEMESTER 2‚ 2014 – ASSIGNED QUESTIONS FOR TUTORIAL 1 This assigned tutorial work is taken from Chapter 1 of Fundamentals of Financial Management 13th Edition‚ Brigham and Houston (2013). Question 1-3 Suppose three honest individuals gave you their estimates of Stock X’s intrinsic value. One is your current roommate‚ the second is a professional security analyst with an excellent reputation on Wall Street‚ and the third is Company X’s CFO. If the three estimates
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Joshua Muchuki Social Performance Nakumatt Supermarket Strayer University BUS475 DR. Allan Beck April 30‚ 2013 About Us Nakumatt supermarket is the leading supermarket in East Africa. Established in 1987‚ we have shaped and built our business on our founding principles of providing a variety of affordable‚ quality brands as well as excellent and superior service to our customers. Our formats include convenience stores‚ supermarkets and hypermarkets. We serve 200‚000 customers per day and
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