Finance Essay Examples

When a client fails to properly separate duties, the risk of theft of cash prior to recording increases. If an auditor suspects this may have occurred, there are certain audit procedures that can be employed in testing for it. These include investigating those responsible for customer orders, credit approval, invoice generation and accounts receivable records […]

America Los Angles, which was later renamed Bank of America (sometimes referred to as BOA) in 1930. In 1983, BOA acquired Seafarers Corporation of Seattle, Washington, and in 1998 merged with Nationalist. In an effort to gain shares in the market and to tap into the global economy, BOA recently acquired Merrill Lynch and Countrywide […]

The Bank of India is appreciated for their guidance and assistance. CRISIS expresses gratitude to the Reserve Bank of India for sharing district-level data that formed the basis of this analysis. Shari Rajah Taker, Secretary of the Department of Financial Services, MOB, SMS Sentential Shirtwaists, Additional Secretary of the Department of Financial Services, MOB, Shari […]

The principal function of any commercial bank is to make a profit. When a customer does business with a bank they have both entered a legal binding contract in which the bank holds the customer’s funds and agrees to offer loans and other lending services, which is also known as money creation. Therefore, the relationship […]

Nevertheless, both ratios are on a relatively low level. In addition, below are some other ratios on the company that I might refer to later: [pic] 2) As in the table above, the collection days for Accounts Receivable are rather long. With increasing sales figures, as displayed in the previous years by the Butler Lumber […]

The article will compare the objectives and differences between two standards boards, namely the Government Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). It will also examine the contrast between modified accrual basis of accounting and full accrual accounting. GASB oversees reporting and financial accounting standards for local and state government entities […]

According to AASB 117, the structure of an operating lease is a form of off-balance sheet accounting, meaning that lease obligations are not reported as liabilities on the balance sheet. However, critics argue that lease parties often structure leases to avoid capital lease accounting and use operating leases as a source of off-balance-sheet financing. This […]

Mobility is one of the key factors which businesses thrive. Businesses that embrace the idea of mobile information society will re- invent themselves as real time organizations, where access and interaction can be instant. New brands, partnerships and customer loyalties are on the rise thanks to the growing number of mobile terminals. It is estimated […]

Special journals such as the sales journal, purchase journal, cash receipt journal, and cash payment journal are used to record recurring data in accounting. Instead of recording transactions of the same nature repeatedly through individual entries, special journals allow for their consolidation and streamlined ledger posting. This method helps reduce repetitive work, especially when employing […]

The Financial Services Authority (FSA) is a single, unified body that regulates financial markets. It has a broad classification of regulated activities in the United Kingdom, which includes overseeing specified activities, monitoring investments, and ensuring proper functioning. Deposits, electronic money, shares, instruments acknowledging indebtedness and investments, contracts of insurance and securities are known as specified […]

Over the past few years, multiple policies and strategies aimed at financial services and markets have been established. These include Basel II, Sarbanes-Oxley, MiFID, Solvency II, and measures to prevent money laundering. The objective of Basel II is to improve banks’ risk management and capitalization while promoting stability in the financial system. To accomplish this […]

It is crucial for professionals in fields such as law or public accounting to exhibit ethical and responsible behavior due to their societal impact. As these professionals provide important information about companies that people depend on, maintaining high levels of integrity is essential. Any minor mistakes or intentional concealment can lead to severe repercussions and […]

Credit cards are as American as apple pie. It seems that everyone has and uses credit cards every day. When Americans reach into their wallets at the end of a meal or at the grocery store checkout counter, they are pulling out credit cards more often than they are pulling out cash or check cards. […]

Introduction: The Sarbanes-Oxley Act of 2002 was passed on July 30th, 2002 as a result of several major corporate and accounting scandals. This act is also known as SOX or Sarbox; another name for it is Public Company Accounting Reform and Investor Protection Act of 2002. Corporations such as Enron, Adelphia, WorldCom, Peregrine Systems and […]

Reporting and analyzing financial statements is a crucial aspect of any corporation or business. The accounting process serves this purpose to aid investors and lenders in making informed investment decisions based on a company’s current financial standing. An accountant’s responsibilities involve generating and evaluating financial records, such as cash flow statements, income statements, balance sheets […]

The University, abbreviated as “U.” In the past decade and a half, there has been significant growth in the US housing market with increases in prices, sales of pre-existing homes, and new construction – particularly on the East and West Coasts. However, starting in spring 2006, the market began to decline due to the collapse […]

An explanation is provided for cash payment with an unaccounted remaining balance that is considered a credit balance. This pertains to equipment purchases and denotes the outstanding value equivalent to the current equipment value. The property’s market price of $175,000 comprises a $100,000 cash payment and three yearly payments worth $25,000 each. This pricing strategy […]

Financial reporting aims to provide information through the use of assumptions, principles, and constraints. One such assumption is that business entities are distinct from their owners and other associated enterprises. This separation allows for personal expenses to be separated from company revenues and expenditures (Ricardo & Kolthammer 51). Additionally, a fundamental assumption is that the […]

Lloyds TSB bank, which belongs to the “Big Four” banks, has a history that traces back to several mergers in the early 1900s. In 1995, the bank underwent expansion through two major mergers- firstly with Cheltenham and Gloucester, and subsequently with TSB, which was the UK’s fifth largest high street bank at the time. The […]

Executive sum-up: The Grameen Bank of Bangladesh created the theoretical account for large-scale “micro lending” in the underdeveloped universe. in the procedure going an establishment known and respected internationally for a originative and effectual attack to poverty relief. Grameen’s willingness to do highly little loans at comparatively modest rates of involvement to borrowers without traditional […]

In the documentary film Inside Job, the recent financial crisis is explained in a concise and understandable manner. The film features compelling villains whose reprehensible actions are sure to engage and enrage audiences. Essentially, it provides an overview of the financial crisis that we are still recovering from, with the central thesis being that regulations […]

The accounting industry is primarily controlled by four major companies, commonly referred to as “The Big Four” – Deloitte & Touche, Pricewaterhouse Coopers (PwC), Ernst & Young, and KPMG. These companies have emerged as leaders in the field over the past twenty years. Among them, Deloitte & Touche stands out with an impressive revenue of […]