BBA (Finance) SEM VI Financial Services Financial Intermediaries Introduction: Financial Institutions play an important role in capital market. Functions of financial institutions involve mobilizing of funds & channelizing them towards a productive way. The financial institutions do not directly add to the volume of real capital formation. They are only the intermediaries between savers and users of the funds. CENTRAL BANK: Central Bank plays an important role in the monetary & banking structure
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differences in financial reporting practices between countries still exists mainly due to the setting of national accounting standards in different countries by their own respective government. Looking at this issue in a world-wide view‚ we can notice that every country in the world regardless of whether it is a developed or developing country‚ the standard setting is always the responsibility of the government authority of that country. Taking NZ as an example‚ the external financial reporting framework
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The role of a financial manager is a complex one‚ requiring both an understanding of how the business functions as a whole and specialized financial knowledge. The head of the financial operations is called the chief financial officer (CFO). The structure of the company varies‚ but a financial manager is responsible for the same general things across the board. The manager is responsible for managing the budget. This involves allocating money to different projects and segments so that the business
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Financial sector reforms have long been regarded as an important part of the agenda for policy reform in developing countries. Traditionally‚ this was because they were expected to increase the efficiency of resource mobilization and allocation in the real economy which in turn was expected to generate higher rates of growth. More recently‚ they are also seen to be critical for macroeconomic stability. Developing countries can expect increasing scrutiny on this front by international financial institutions
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of qualified international auditors B) Preparation of consolidated financial statements C) Access to foreign capital markets D) Comparability of financial statements Answer: A Level: Medium LO: 2 3. Differences in legal systems used in various countries have been cited as one reason for diversity in accounting practice. What are the major types of legal systems? A) commercial law and accounting law B) rules and regulations
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Introduction | 2 | Financial statements | 3 | types of financial statement | 4 | relationship between financial statement | 5 | financial statement in practice | 6 | | | | | Introduction Financial Statement In the name of Allah most gracious most merciful. In this essay I will take about financial statement. Trying to write everything I knew about it‚ starting with the types of financial statement‚ relationship between financial statement and financial statement in practice
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Financial Statements: The Starting point In the Study Of accounting The principal means of reporting general-purpose financial information to persons outside a business organization is a set of accounting reports called financial statements. The persons receiving these reports are termed the users of the financial statements. A set of financial statements consists of four related accounting reports that summarize in a few pages the financial resources
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The Effects of Employee Satisfaction on Company Financial Performance “People are our most valuable asset.” “Our employees come first.” “We’re only as strong as our people.” These declarative statements have been a staple of the American workplace for decades. Yet judging by their routine growth strategies‚ countless senior management teams seem to be in denial of just how accurate those statements are. While most organizations typically emphasize generating new business and cutting costs‚ a rapidly
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Was the financial crisis‚ which led to the austerity measures now being followed by the coalition government‚ caused by investment bankers or by government? A lot of economists stated that the recent financial crisis was the worst crisis since Great Depression‚ which resulted in the collapse of a number of large financial institutions followed by the government’s bailout and austerity measures. It has affected billions of people globally‚ which made bankers and politicians very unpopular. Though
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------------------------------------------------- A study on Rural Customer Perception with respect to formal financial system‚ from the financial inclusion point of view Abstract: Formal financial system includes the banking sector and what is the perception of rural people regarding the activities of formal financial system was discussed on the full abstract. The term rural finance is about providing financial services- secure savings‚ credit‚ money transfer and insurance in rural areas. The past study showed
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