Introduction Profile of the company Scotiabank is a premier financial services provider and Canada's most international bank and founded on 29 August 1832. They provide innovative financial products and services to small and medium-size businesses, corporations and governments in North America, Latin America, Caribbean and Central America, and part of Asia contributes growth in each of the business lines: Canadian Banking, International Banking and Global Banking & Markets, over the long term. Scotiabank
(Amelung et al, 2003) cited in (Glied, 2008). Some social insurance systems cap the maximum contribution, decreasing the progressivity of this financing process or method. Contributions that are generated via the social insurance system should finance the full insured cost of the health program (or a pre-specified proportion of that cost). Thus, the contribution level or rate is tied to the cost of providing health insurance. Social insurance payments may defer with the choice of plan in a multi-plan
In order to encourage the banking sector to adopt the sustainability as a business strategy for banks, this research presents a number of potential benefits of adopting sustainability in the banking sector. In reality, sustainability can bring many benefits to a bank’s overall business performance. Given below is a brief summary of the resulting benefits for banks following a sustainability strategy (Hoijtink, 2005): 1. Sustainability will lead to stronger bank's reputation and better brand name.
Corporate governance is a structural branch through which banks set a range of targets and means by which they monitor the performance. Effective corporate governance encourages the bank to operate safely and use resources efficiently. Corporate governance relates to how the banking business is governed: it consists of a series of relationships between management, board, shareholders and stakeholders. Lenders and other providers of funds are more willing to provide funding when they feel safe on
1.0 INTRODUCTION Musharakah means partnership and Mutanaqisah means to diminish. So Musharakah Mutanaqisah means diminishing partnership. It is a joint partnership contract between the financial institution and its client. The client begins to purchase the share of the financial institution until he owns the whole property. In addition, at the same time the financial institution also leased his portion of share to the client. The client needs to promise that he will buy
Analysis of banks: why? Financial reporting is the activity that provides pertinent information for making important business decisions. The role of financial reporting for banks is crucial importance for the efficiency of banks' operations. Data needed for adequate financial reporting are found in the financial statements. In recent years, there has been a growing need for calculating performance of banks by using the information from the financial report. Importance of a specific analysis for banks:
When two parties trade with each other, a letter of credit will be issued by a third party. Its purpose is to guarantee the payments for goods or services when the seller provides acceptable documentation. Typically, letter of credit is issued by the banks or other financial institutions. However, under certain circumstances, some reputable financial services companies might issue the letter of credit too. A letter of credit generally has three participants, which are the buyer of the goods or services
Foreign direct investment (FDI) plays an important role in the growth and development of an economy. It is more important where domestic savings is not sufficient to generate funds for capital investment. Developing countries in Asia, Africa and Latin America have come increasingly to see foreign direct investment (FDI) as a source of economic development, modernization, income growth, employment, and so poverty reduction. This is apparently reflected by their currently pursued economic policies
COST ACCOUNTING INNOVATION AND TWO OF ITS IMPACT (Impact of cost accounting on financial and management decision) ABSTRACT This research contains the information’s and findings about the cost accounting evolution, about how it started from being an accounting itself through the birth up to the development of cost accounting. And the main purpose of this research is to discuss the two of its impacts, and also their benefits and implications. It also includes the objectives of cost accounting. And
There are three spheres of government which are national, provincial and local government. Local government plays an essential role in civilizing communities lives by providing and delivering basic services. Furthermore local governments set the directions for their municipalities through long term planning. It is therefore important that the three spheres of government work hand in glove to improve service delivery by municipalities and also for the enhancement of local democracy. Local government