Impact of Recession on Working Capital Requirements of a Company Working Capital Management is a managerial accounting strategy focusing on maintaining efficient levels of both components of working capital‚ current assets and current liabilities‚ in respect to each other. Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses. Implementing an effective working capital management system is an excellent
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Aspects and elements related to Working Capital Management ----------------------------------------------------------------------------------------- Prepared by: Ahmed O. Sultan - An important responsibility of the financial manager is overseeing the firm ’s day to day financial activities. This area of finance known as Working capital management‚ is concerned with management of the firm ’s current accounts to achieve his goal which is the balance between profit and risk that maximizes
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The impacts of implementing a data warehouse in the banking industry Data warehousing in the financial sector Introduction In the modern banking and financial sector‚ there is keener and stronger competition and many enterprises are much more eager to get immediate and accurate information to make better and faster decisions. Furthermore‚ with many banks fighting to capture new customers and the rapidly growing need for larger amounts and more specific information‚ traditional databases are incapable
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Intro) Net working capital F S Answer: b EASY 1. Net working capital‚ defined as current assets minus the sum of payables and accruals‚ is equal to the current ratio minus the quick ratio. a. True b. False (16 Intro) Net working capital F S Answer: b EASY 2. Net working capital is defined as current assets divided by current liabilities. a. True b. False (16 Intro) Days of working capital F S Answer: a EASY 3. Days of working capital is the amount of net operating working capital required per
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Trends in Economics and Management Sciences (JETEMS) 2(5):357-363 (ISSN:2141-7024) Fraud as a Negative Catalyst in the Nigerian Banking Industry Akindele R.I Department of Management and accounting Obafemi Awolowo University‚ Ile Ife‚ Nigeria ___________________________________________________________________________ Abstract Fraud in the Nigerian Banking Industry before the recent merger and acquisition and recapitalisation efforts was at alarming rate. It has caused many banks to collapse‚
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and to complicate macro economic management. This is because NPLs can bring down investors’ confidence in the banking system‚ piling up unproductive economic resources even though depreciations are taken care of‚ and impeding the resource allocation process. In a bank-centered financial system‚ NPLs can further thwart economic recovery by shrinking operating margin and eroding the capital base of the banks to advance new loans. This is sometimes referred to as “credit crunch”. In addition‚ NPLs
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Malaysian Islamic banks for the period of 2005-2011. The stepwise multiple regression analysis and the moderated multiple regression (MMR) analysis will be used to analyze the data. Keywords: Islamic banking‚ internal banking ratios‚ external ratios‚ economic recession‚ conventional banking. Contents Abstract 2 1.0. Introduction 4 1.1. Background and Motivation 4 1.2. Objectives and Implications 5 1.3. Structure 8 2.0. Literature Review 9 2.1. Studies Conducted on Conventional
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implications of the failure to manage working capital adequately. Working capital is defined as the day to day finances utilized by a firm. It is the firm’s current assets less its liabilities. Managing working capital is about ensuring that the business needs to be able to maintain the day-to-day expenses. A company cannot function without working capital and‚ if mismanaged‚ it can potentially lead to the company’s demise. Failure to adequately manage working capital can disrupt a business’ operations
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Project Management Post-Graduate Diploma in Business Management (Year 2011-13) Dr. V K Gupta Institute of Management Technology Ghaziabad Course Background and Objectives: Project management has become crucial for operations in industries such as construction‚ information technology‚ IT‚ hospitality‚ and engineering and new product development. At one time project management was limited to civil and construction engineering programs where it was highly quantitative
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Ethiopia Vol. 4 (3b) July‚ 2010 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Fraud and Fraudulent Practices in Nigeria Banking Industry (Pp. 240-256) Owolabi‚ S. A. - Accounting Department‚ Babcock University‚ Nigeria E-mail: emilagab05@yahoo.com Abstract The paper reviews the various forms of fraudulent practice their impact and inducement for various reforms in banking industry. It also mentions various legislations targeted at reducing fraud and introducing some forms of control and reporting
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