Qualitative Characteristics of Useful Financial Information The purpose of financial reporting is to provide decision makers with useful information. When accounting choices are to be made by individuals‚ those choices should be based upon the usefulness of that information to the decision making process. The Framework identifies six qualitative characteristics of financial statements as follows:- • relevance; • faithful representation; • comparability; • verifiability; • timeliness; and
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developing countries have been advised to develop their stock markets. It was suggested that these investments would help the stock markets directly through widening investor base and indirectly by compelling local authorities to improve the trading systems. While the volatility associated with portfolio capital flows is well known‚ there is also a concern that foreign institutional investors might introduce distortions in the host country markets due to the pressure on them to secure capital gains
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This paper critiques the slow pace and use of legal rigmaroles in frustrating enforcement investors’ protection laws in Nigeria‚ compared with the American legal system‚ using AJAYI v SEC as reference. It concludes that (a) Nigerian courts should employ their power to sanction lawyers and litigants more proactively; (b) specialised courts’ powers‚ such as the Investment and Securities Tribunal (IST) must be enhanced to handle specific subject-matters in Nigeria; and (c) the rights of appeal to appellate
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year 1998 as one of the major providers of cleaning‚ sanitation and hygiene products and solutions to institutional customers across the industries in India market. It established itself as pioneer in providing the cleaning‚ sanitation and hygiene needs of the large government and private institutional clients from different industries in India. The clientele spread across various industry segments like hotels‚ airports‚ metro‚ railways‚ hospitals‚ shopping malls‚ offices of the MNCs companies etc
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What is financial inclusion? term as “the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost”1 Poverty versus financial inclusion: (a) India is home to one-third of the world’s poor‚ who make up 42 percent of the more than 1 billion Indian people; (b) out of India’s population‚ 76 percent‚ i.e.‚ 800 million people‚ live below the poverty line of $2.50 a day; and (c)
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De La Salle- College Approval Sheet A Recommendation on the Information Needs Net Essentials Prepared and Submitted By: Prince TY. Vizconde‚ Franz 1 trimester S.Y. 2012-2013 In partial fulfilment of the degree of Bachelor of Science in business administration Major in computer application has been examined and recommended for acceptance And approval for oral examination ________________________ Chit Valena CAPROJ1 Adviser Panel of examiners ________________________ HAZEL TAGALOG
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Executive summary * Strong global position in the industry of electronic and electrical equipment. * Acquisition is a central part of the Spectrics strategy. * Customers are the globally spread blue chip companies. * Spent around 7% of sale average on research and development in each year. * Aftersales‚ service and consumables are important which is represent 26% of sales. * IRM group and Sixnet were acquired by spending £5.1m using the bolt acquisition method. * Archived
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Module 2 – Assignment 3 Practice Case Examination Additional Information (Time Allowed: 4 hours) Notes: i) Candidates must not identify themselves in answering the question. ii) All answers must be written on official answer sheets or in official electronic files. Work done on the question paper or on the Backgrounder will NOT be marked. iii) Included in the examination envelope is a standard supplement consisting of formulae and tables that may be useful for answering the question
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Q-1 Selected financial information about Vijay merchant company is given below: Particulars | 2010 (Rs.) | 2009 (Rs.) | Sales | 69‚000 | 43‚000 | Cost of Goods Sold | 57‚000 | 32‚500 | Debtors | 7‚200 | 3‚000 | Inventories | 11‚400 | 5‚500 | Cash | 1‚500 | 800 | Other Current Assets | 4‚000 | 2‚700 | Current Liabilities | 16‚000 | 11‚000 | Compute the current ratio‚ quick ratio‚ and average debt collection period and inventory turnover for 2009 and 2010- State whether there is
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INVESTOR STOCK ANALYSIS University of Phoenix Fin 571 April 22‚ 2013 Bank of America and SunTrust are competitors in the banking industry. Aside from the obvious similtaries inherent to the banking business‚ these two companies are different when viewed through a financial perspective. Both companies operates in three segments: Consumer Banking and Private Wealth Management‚ Wholesale Banking‚ and Mortgage Banking. SunTrust Banks has a market cap of $14.81
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