and not from the public or depositors. Finance companies and other financial intermediaries: those that lend funds from their own assets. FIVE PERSONS PRIMARILY INTERESTED IN THE BUSINESS OF BANKING 1. 2. 3. 4. 5. Government Depositors Investors Creditors Borrowers BAR QUESTION: JOINT ACCOUNT VS. PARTNERSHIP (2000) Distinguish joint account from partnership. (3%) SUGGESTED ANSWER The following are the distinctions between joint account and partnership: 1) A partnership has a firm name while a joint
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ffirs.indd 2 10/9/2014 2:00:20 PM 2015 Wiley C PAexc e l ® EXAM REVIEW STUDY GUIDE JANUARY 2015 ffirs.indd 1 10/9/2014 2:00:20 PM ffirs.indd 2 10/9/2014 2:00:20 PM 2015 Wiley C PA e xc e l ® EXAM REVIEW STUDY GUIDE JANUARY 2015 REGULATION O. Ray Whittington‚ CPA‚ PhD ffirs.indd 3 10/9/2014 2:00:21 PM Cover Design: John Wiley & Sons‚ Inc. Cover image: © iStockphoto/turtleteeth The following items‚ copyright © by the American Institute of Certified Public Accountants‚ Inc.‚ are
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to the constitutional and regulatory framework‚ including some review of the subprime mortgage/credit crisis‚ followed by more detailed examination of the laws governing the key relationships among banks‚ account holders and borrowers. Elements of creditor/debtor law will also be considered. Lecture format: The lectures will generally entail explanation of or elaboration upon the course materials by
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company uses the letter of credit and bank guarantee. The company’s debtor turnover ratio is 15-20 days which is considered good while the company’s creditor turnover ratio is also 15-30 days which is also good but the company should match both the creditor and debtor ratio so that the liquidity problem does not arise while making payment to the creditors. The company depends on bank finance and internal sources for meeting the working capital requirement needs. But the company can also under channel
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Subject: Principles of Insurance and Banking Course Code: FM-306 Lesson: 1 Author: Dr. S.S. Kundu Vetter: Dr. B.S. Bodla NEGOTIABLE INSTRUMENTS ACT‚ 1881 STRUCTURE 1.0 1.1 1.2 1.3 1.4 1.5 Objectives Introduction Meaning of Negotiable Instruments Characteristics of a negotiable instrument Presumptions as to negotiable instrument Types of negotiable Instrument 1.5.1 Promissory notes 1.5.2 Bill of exchange 1.5.3 Cheques 1.5.4 Hundis 1.6 Parties to negotiable instruments 1.6.1 Parties to Bill of
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1) Read chapters One through three of your textbook 2) Compare and contrast the Existentialism and Contractarianism framework Compare: Both existentialism and contractarianism frameworks are two of the three deontological frameworks outlined in chapter one. Deontological frameworks focus on the duty or obligation in determining whether the actions are right or wrong. Contrast: Existentialism focuses on individual behavior while contractarianism focuses on society as a whole. Existentialism
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34 14.34 14.34 14.34 Equity Share Capital 14.34 14.34 14.34 14.34 Share Application Money 0 0 0 0 Preference Share Capital 0 0 0 0 Reserves -55.13 -60.76 -59.76 -58.81 Revaluation Reserves 0 0 0 0 Networth -40.79 -46.42 -45.42 -44.47 Secured Loans 42.63 49.47 49.47 49.8 Unsecured Loans 1.43 0.56 0.56 0.56 Total Debt 44.06 50.03 50.03 50.36 Total Liabilities 3.27 3.61 4.61 5.89 Mar ’13 Mar ’12 Mar ’11 Mar ’10 Application Of Funds Gross Block 13.98 13.98 13.97 13.97
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Advantages of Credit Rating Different benefits accrue from use of rated instruments to different class of investors or the company. These are explained as under: A. Benefits to Investors 1. Safety of investments. Credit rating gives an idea in advance to the investors about the degree of financial strength of the issuer company. Based on rating he decides about the investment. Highly rated issues gives an assurance to the investors of safety of Investments and minimizes his risk. 2. Recognition
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REVISIONARY TEST PAPER DECEMBER 2010 GROUP IV DIRECTORATE OF STUDIES THE INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA 12‚ SUDDER STREET‚ KOLKATA-700 016 46 Revisionary Test Paper (Revised Syllabus-2008) GROUP - IV Paper-16 : ADVANCED FINANCIAL ACCOUNTING & REPORTING DIRECTORATE OF STUDIES‚ THE INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA Group-IV : Paper-16 : Advanced Financial Accounting & Reporting 47 FINAL EXAMINATION (REVISED SYLLABUS - 2008) GROUP
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The company also gave Salomon £10‚000 in debentures (i.e. Salomon gave the company a £10‚000 loan‚ which was secured by a charge over the assets of the company). The company ran into difficulties in less than a year and liquidation proceedings began. The assets of the company were not enough to release the debentures which were held by Salomon. There was nothing left for unsecured creditors (e.g. employees). When the company failed the company’s liquidator contended that the floating charge should
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