Financial Services Essay Examples

Before I get into the details of my project, I would like to show my sincere gratitude by adding few heart full words for the people who were part of this project report in numerous ways. People who gave unending support right from the stage the project were conceived. I would also like to express […]

IFACs Code of Ethics desires to reinforce the professional accountancy and economics throughout the world by contribute a high level of ethical professional guidance, and desiring the Code to be adoptable globally. It is very important because it generates ninety nine percent consciousness among professional accountants and to promote an ethical culture with listing the […]

The following report analyses the cash flow forecast situation for Strobe Leisure plc and will cover the following areas: An explanation of the purpose of a cash flow. An explanation of why a company such as Strobe needs a cash flow forecast. A six-month cash flow forecast for Strobe Leisure plc. An analysis of Strobes […]

United States federal law enacted on 30th July 2002, also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox. This law was passed in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. […]

Introduction Services What are services? They are defines as concerned with performing tasks in and around households, business firms and institutions. Services industries are those domestic establishments which are providing some kind of services to businesses, governments and other organizations. FIRE, business and health services are the largest service industries. Business services include activities such […]

This session-long project looks at the calculations used to determine the weighted average cost of capital (WACC). This SLP calculates the WACC for my SLP company – McDonalds discusses how those calculations were arrived at and briefly describes WACC and what investors use it for. Company name: McDonald’s Inc, balance sheet date: 31 Dec 07, […]

The history of Barings Bank Plc began in 1762 and thus making it the oldest merchant bank of London. Over this period it had managed to earn a high reputation in the global finance market as it assisted in financing the purchase of Louisiana, Erie Canal and the Napoleon wars (Fay, 1996). It was also […]

Electronic Fund Transer and Special Electronic Fund Transfer Facility of Reserve Bank of India I. Electronic Fund Transfer Reserve Bank of India (RBI) facilitates Electronic Fund Transfer (EFT) across the 15 cities, where RBI manages the clearing centers. A list of these 15 cities are given in the annexure. The EFT clearing operates three times […]

It is important that banks consistently maintain a supervised and effective regulatory framework ensuring stability within the financial system. Martin Wolf’s work on ‘The rescue of Bear Sterns marks liberalisation’s limit’ and The Economists’ ‘When to Bail Out’ outline the need for greater regulation within banks.As banks are the key players in the financial system, […]

Abstract The issue of accounting for Business Combinations, according to Australian standards, has been a cause of considerable concerns and controversies for both, accountants and academics. However, due to the enormity of transactions involved in it, it becomes highly important to understand its application.In this research, we will outline various concepts and definitions to business […]

Who are the Qualified Institutional Buyers? Qualified Institutional Buyers (QIBs), as defined under sub-clause (v) of clause 2. 2. 2B of the SEBI (DIP) Guidelines, can be one of the following: A Public Financial Institution as defined in Section 4-A of the Companies Act. A Bank 3. FII (Foreign Institutional Investors) that are registered with […]

COMMERCIAL BANK OF AFRICA Executive summary The Commercial Bank of Africa (CBA) case examines the challenges CBA is facing in trying to introduce change in an organization. The problem is compounded because first, the management wants to introduce change in the Information and Communication Technology (ICT) management structure, and secondly, the existing structure is working […]

MetLife India Insurance Company Pvt. Ltd. MetLife India Insurance Company Private Limited was incorporated in India on April 11, 2001 as a joint venture between MetLife International Holdings Inc. , The Jammu and Kashmir Bank, M. Pallonji and Co Private Limited and other private investors. The Metropolitan Life Insurance Company (MetLife ) is the number […]

PREFACE PREFACE Risks and uncertainties are part of life’s great adventure- accidents, illness, theft, Natural disasters- they are all built into working of the universe waiting to happen. So far that there is a solution – insurance and to provide with the knowledge of this insurance benefits to the customers, the Financial Consultant plays an […]

With these increased crimes, punishments have also increased in magnitude. In order to foster a successful career as a future Flanagan planner/ advisor, I must be extremely aware of the various laws and regulations that relate to this field and to the many before me that have fallen victim to these crimes. In the last […]

When a client does not adequately segregate duties, the possibility of cash being stolen before it is recorded is increased. If the auditor suspects that this type of defalcation is possible, what type of audit procedures can he or she use to test this possibility? The auditor can review who handles the receiving and preparing […]

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 […]

Bank of India for their support and guidance. CRISIS particularly thanks Reserve Bank of India for sharing data at a district level, which was the basis of this analysis. CRISIS also acknowledges the guidance of various institutions and individuals who have supported this initiative with full enthusiasm. Name Designation Department of Financial Services, Ministry of […]

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 […]

It will explain the objectives of the two standards boards and how they are similar and different. Last it will describe how the modified accrual basis of accounting differs from full accrual accounting. The GASB sets rules for reporting and financial accounting for entities of local and state government. The FASB sets rules for reporting […]

Meet the definition of a lease and similar arrangement that do not. According to AASB 1 17, the operating lease structure is a form of off-balance sheet accounting, which means the lease obligation is not reported as a liability on the balance sheet. Critics claims that as a result of desirability of operating lease classification, […]