BANKER CUSTOMER RELATIONSHIP BANKER RIGHTS * Right of Lien * Right of Set-off * Right of Appropriation DUTIES * Duty to Honour Cheques * Duty to Secrecy BANKER::RIGHTS LIEN: Right to retain a security until the debt is discharges or a promise to performed. LIEN GENERAL SPECIFIC - One security more than one charge - One security one charge - Normally the right is exercised - The charge is offered (created by borrower) - This is available to Bankers‚ Factors (finance against
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Detailed Findings Banking Operations Finding No. 1 Control Objective: 1.1 Clear Policies and Procedures on Banking Operations are not in place Inherent Risk Rating 1-9 Post Audit Residual Risk Rating 1-9 Increase in Residual Risk Finding 1. Policy and procedure manuals help to standardize service delivery and ensure that staffs carry out activities in accordance with how senior management and the Board want things to be done. However‚ although the key staffs at the branch (including
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CHAPTER ONE INTRODUCTION Takoradi Polytechnic as part of its three years highest national Diploma (HND) contains six months period with in which each student is required to undertake a practical industrial attachment. This is to enable the student to acquire a practical and technical knowledge of his or her programme of study. It is also to help the student gain professional skills to enable him or her perform as a middle level management personnel in an appropriate establishment. The student
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Chapter-1 Introduction of the report 1.1 Origin of the report A three months internship program with a particular organization and a report assigned by the academic supervisor is mandatory for every student of Bachelor of Business Administration of BRAC UNiveristy. I got the opportunity to do my internship in “The Prime Bank Limited”-Mohakhali Branch. I started my internship in Prime Bank Limited-Mohakhali Branch on 12th February and ended on 10th May 2012. Throughout my internship period Samina
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Question 1 (a) Simon Lee As the client didn’t do any adjustment before‚ the conclusion of there is inherent risk is not valid. Inherent risk is the susceptibility of an assertion to material misstatement‚ assuming no related internal control. For Simon Lee‚ the auditor of Cole Foods Limited‚ he should appraise the business environment of his client. Since there will be change of business environment‚ inherent risk may appear. Besides‚ he should figure out the business process which the client
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Introductory Paper 1 RECORDING FINANCIAL TRANSACTIONS (INTERNATIONAL STREAM) In this January 2008 new edition • Updated for IAS 1 (revised) • Do you know? Checklists to test your knowledge and understanding of topics • A question and answer bank • The ACCA’s pilot paper as a mock exam P R A C T I C E & R E V I S I O N BPP’s i-Pass product also supports this paper. K I T FOR EXAMS IN 2008 First edition 2004 Fifth edition January 2008 ISBN 9780 7517 4816
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Electronic Retail Payment Systems: User Acceptability and Payment Problems in Nigeria 1.1 Introduction The world has witnessed an upsurge of electronic payment instruments meant to facilitate trade and simplify payments. (Abor‚ 2004) Before the introduction of electronic payment into the Nigerian banking system‚ all customers had to walk into the actual bank to do transaction of all kinds. Customers had to queue up and spend more hours to talk to a teller to make their transactions. (Abor‚ 2004)
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CapitalBanc Corporation case 2.4 1- Management assertion is a set of information that the management provided it to the auditor‚ so the auditor will make sure there are no material misstatements. According to AU 326‚ paragraph 3‚ management assertions can be either explicit or implicit and can be classified according to three categories: Assertions about transactions‚ assertions about accounts balance‚ and assertions about presentation and disclosure. The auditor has to keep in mind that the
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paid Rs. 500‚000 (Rupees Five Hundred Thousand only) to my Client and also provided to him a cheque No. 2298850 (Bank Account No. 0037100593) in the amount of Rs. 7‚000‚000 (Rupees Seven Million only) drawn on United Bank Limited‚ Fath-e-Pur (Chak No. [ ])‚ [District] Branch (the “Cheque”) as earnest money at the time of execution of the Agreement (the “Earnest Money”). You verbally requested that the Cheque may be presented for encashment
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paying by Cheque 1 Bought 20 computers and parts from One Stop Computer Ltd for cash $300‚000 1 Paid rent by Cheque $10‚000 2 Sold 3 computers for cash $60‚000 13 Paid Electricity by Cheque $10‚000 15 Bought furniture on credit from Courts Ltd $50‚000 20 Sold 10 computers and parts on credit to N Stewart $200‚000 22 Bought 5 computers and parts from One Stop Computer Ltd on credit for $75‚000 23 Paid One Stop Computer Ltd by Cheque $180‚000
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