example of what could cause the situation in which cash is either understated or overstated. a. Unaffected. b. Unaffected. c. Understated. Although there are a number of possible situations‚ one is that in which a check is written on the disbursing bank on the last day of December with a credit to cash‚ and an associated debit to some expense account so as to decrease reported profits (and taxes) for the year. d. Overstated. One situation is that in which an employee has misappropriated funds during
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3/11/10 Unethical Issues in the Banking Industry Ethical issues in banking are currently receiving a great deal of attention‚ and those who manage these organizations seem to be under constant public scrutiny. This paper presents and discusses the certain ethical issues and concerns with banking managers. Suggestions for enhancing the degree of ethicalness in organizational practices and decision behaviors’ have also been attempted. Ethical issues in banking and financial service organizations
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By analyzing bidder characteristics‚ industry and aggregate market variables‚ we are able to determine what motives are important in the decision to acquire. Our results show that intangible capital‚ leverage and firm size significantly positively affect the decision to grow through M&As whereas the proportion of debt that consists of bank loans and ownership concentration have a negative impact. Furthermore‚ M&As are significantly more likely in industries that were recently deregulated‚ that are
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Bank Profile Established in 1994‚ ICICI Bank is today the second largest bank in India and among the top 150 in the world. In less than a decade‚ the bank has become a universal bank offering a well diversified portfolio of financial services. It currently has assets of over US$ 79 billion and a market capitalization of US$ 9 billion and services over 14 million customers through a network of about 950 branches‚ 3300 ATM’s and a 3200 seat call center (as of 2007). The hallmark of this exponential
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above to a group of investors three weeks ago. And our bank as a result of unsuccessful investments lost 1.5billion pounds. During the major review of our bank operations‚ main office has found out a lot of problems. Agne‚ maybe you can introduce to us the conclusions. Agne: As you know main office has concluded that: 1. Customers believe Auric Bank charging too much for its services 2. Also Auric Bank no longer has the image of a ‘caring’ bank‚ which is close to its customers and understands their
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Claudine Perez ACC 340 Final Examination 1. The essential steps in performing a systems study are (in order of occurrence): a) Analysis‚ design‚ implementation and initial operation‚ follow‑up b) Design‚ planning‚ follow‑up‚ analysis‚ and implementation c) Planning‚ system specification‚ analysis‚ production‚ implementation d) Planning‚ analysis‚ design‚ implementation‚ and follow‑up 2. Which of the following is intended to solve the problem that financial data used in one application is not
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just some of the problems that arise when a company tries to figure out how to handle their legacy systems. Jay Dvivedi came across some of these problems when he was charged with overhauling the IT infrastructure of the newly conceived Shinsei Bank. Dvivedi quickly realized that the old legacy systems were almost entirely useless to the new business model Shinsei was attempting to implement. However‚ legacy systems are not so easily discarded. He had to ask himself questions such as how will
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The Impact of Customer Trust and Perception of Security Control on the Acceptance of Electronic Commerce Author(s): Bomil Suh and Ingoo Han Reviewed work(s): Source: International Journal of Electronic Commerce‚ Vol. 7‚ No. 3 (Spring‚ 2003)‚ pp. 135161 Published by: M.E. Sharpe‚ Inc. Stable URL: http://www.jstor.org/stable/27751068 . Accessed: 09/12/2012 05:40 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms
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Premier Bank Ltd is a scheduled commercial bank of Bangladesh. The Bank was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh with the primary objective to carry on all kinds of banking business in Bangladesh. It is one of the fast growing leading online banks in private sector. This is a descriptive report on Premier Bank Ltd. that mentions the activities of General Banking and other activities of the bank. 1.2
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Internal Control and Risk Evaluation A risk is the chance of a negative event occurring. Internal controls are policies and procedures set in place to reduce the occurrence of an associated risk. Risks are never entirely eliminated; however‚ internal controls help reduce the occurrence and balance the risk. This brief will discuss the risks of Kudler Fine Food’s current Accounting Information System (AIS). In addition‚ the internal controls designed to mitigate the risks. Furthermore
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