not changed the work that accountants do. C. Has closely linked accounting with consulting‚ planning‚ and other financial services. D. In accounting has replaced the need for decision makers. E. In accounting is only available to large corporations. 3. The primary objective of financial accounting is: A. To serve the decision-making needs of internal users. B. To provide financial statements to help external users analyze an organization ’s activities. C. To monitor and control company activities
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TOPIC “STUDY ON IMPACT OF FINANCIAL INCLUSION IN RURAL AREAS WITH SPECIAL REFRENCE TO SBI IN MANDLA DISTRICT” 2.INTRODUCTION India’s growth story in the years ahead will be the story of inclusive growth in which growth will not be treated as an end itself‚ though faster growth will be the main goal. Our twelfth five year plan also focuses for inclusive growth which states faster‚ more inclusive and sustainable growth. FINANCIAL INCLUSION Financial inclusion or inclusive financing
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Contents 2 Financial versus Managerial Accounting 3 Problems in Implementing an Accounting Information System 3 Developing an Accounting Information System 4 Conclusion 5 Bibliography 7 FINANCIAL VERSUS MANAGERIAL ACCOUNTING Financial accounting is focused on historical data. It involves the process of recording‚ summarizing and reporting financial information from a specified period of time in order to determine the financial position and
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INTRODUCTION - FINANCIAL INSTRUMENTS In today’s world of Globalization‚ we are witnessing free trade agreements between different countries‚ international exchanges are multiplying‚ and commercial barriers are falling. Hence competition is measured on global scale. In this wave of globalization‚ financial instruments have been growing at an incredible pace. We are currently witnessing a rapid expansion phenomenon of the use of the financial instruments in the international financial market. These
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REPORT ON ANTI MONEY LAUNDERING BY CITIBANK OFFICIAL. PAGE | CONTENT | 3 | An overview of Citibank | 3;4 | Summary of the scandal | 5;4 | How did the scandal happen | 5;6 | Firm’s negligence and how the malpractise was hidden | 6;7 | Impact on customer and bank | 7;8 | Avoid repeat of such money laundering cases | 8 | The role of institutions | 9 | References | OVERVIEW Citibank‚ an international bank was founded in 1812 on June the 16th
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BUSN1002 Financial Accounting Processes Semester 2‚ 2013 LECTURE OUTLINES 1 – 6 Topic Coordinator: Philip Palmer Room 3.70 Law and Commerce Building Email: philip.palmer@flinders.edu.au Ph: 8201 2013 FLINDERS UNIVERSITY FLINDERS BUSINESS SCHOOL BUSN1002 Financial Accounting Processes Philip Palmer Lecture Outline 1 Introduction to Financial Accounting Reading: Hoggett et al.‚ Chapters 1 and 2 1 Introduction to Accounting Accounting is an information system designed to
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What is a Financial Crime? There is no internationally accepted definition of financial crime. Rather‚ the term expresses different concepts depending on the jurisdiction and on the context. In general‚ financial crime can refer to any non-violent crime that results in a financial gain to the perpetrators and loss to others or the state. It includes a range of illegal activities such as: • corruption (bribery‚ speed money‚ kickbacks etc.) • financial fraud (accounting‚ check‚ credit card‚ mortgage
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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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a good indicator of the cost of using those buildings and equipment? Compare that situation to a company with new buildings and equipment where there will be large amounts of depreciation expense. The remainder of our explanation of financial ratios and financial statement analysis will use information from the following income statement: Example Corporation Income Statement For the year ended December 31‚ 2011 | | Sales (all on credit) | $500‚000 | Cost of Goods Sold | 380‚000
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Financial Careers What am I going to do after school or university? Maybe I should consider a job in the financial world. There’s a surprisingly wide range to choose from — for example‚ I could raise money for charities or sell famous paintings or write about economics as a financial journalist or run my own company or... Fund-raiser. There are thousands of different charities these days — e.g. ’for children’‚ ’cancer research’‚ ’the disabled’‚ ’the third world’‚ ’AIDS research’. They all do
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