chapter will focus a clear idea about: Meaning of Financial system Classification of Financial system To discuss on the financial instruments available for investment 1.2 FINANCIAL SYSTEM: “Financial system” includes two words Finance and System. Finance means the funds or money. The system includes all the bodies or institutions involved in the distribution of funds or in their proper utilization through some investment options. The financial system is a system which comprises of financial
Forensic Accounting’s main role is preparing statements that’s suitable to be presented in court depending on the auditing, investigation and accounting skills. It is a practice that emphasis the use of accounting skills to investigate fraud in the corporates and organizations, and analyze information drawn from such investigations for the purposes of use in legal proceedings. There are a common confusion between forensic accounting and forensic auditing. Forensic auditing displays a system of engagements
2-5). It is commonly known that financial and technical innovations are bound together and they evolve together over a time. As on the one side, the financial innovations provide mechanism to finance innovative technological projects when traditional sources of funds are unavailable due to high investment risk. And on the other hand, the technological and economic progress resulting in the higher complexity of business processes and new types
thought prices couldn’t get any higher there were those who were very desperate to get their hand on tulip- bulbs. People went as far as to barter their personal belongings such as land and furniture to acquire the bulbs that would increase their finances even more. However, just like the South Sea Bubble and the Wall Street Crash of 1929 prices began to decline and eventually returned to normal. This event seemed like an in the heat of the moment situation to me. It was clear that like all humans
IMPACT OF SECURITIES TRANSACTION TAX AND OPTIMUM PORTFOLIO SELECTION OF COMPANIES LISTED IN NIFTY 50 INDEX. Introduction Many developing countries have embarked on tax reforms in recent years. Such reforms were motivated both by local factors as well as by rapid internationalization of economic activities. The need to correct fiscal imbalances and the transition from a centralized plan to a market economy were the important local factors hastening tax reforms. Difficulties in compressing expenditures
Introduction In Islamic banking, Tawarruq is the most well-known product in the field of finance sector. The ideas of Tawarruq origin from the perspectives of jurists who want to assist the development of Islamic economic, banking and finance. They are replacing the old concept which might lead into the serious problem in the economic to the society. Therefore, Islam has always produced an alternative product which allows individuals to raise money quickly without prohibited the theory of interest
stockholder’s equity. This ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity. Most company is taking on debts as to increase its value by using borrowed money to fund various projects. A high debt/equity ratio generally means that a company has been aggressive in financing its growth with debt. If a lot of debt is used to finance increased operations, the company could potentially generate more earnings than
and valuables and provides loans, credit, and payment services, such as checking accounts, money orders, and cashier’s cheques. The banks also offer investment and insurance products. There are different models for cooperation and integration among finance industries that have emerged, some of the traditional distinctions between banks, insurance companies, and securities firms have diminished. In spite of these changes, banks continue to
investments. More often clients want banks to take into account social and environmental factors in addition to financial ones during the asset management portfolio. Moreover clients have started to pay better attention to the types of projects that bank finances, how it treats its employees and whether it contributes to the development of the
CAPITAL BUDGETING FOR SCHOOLS When educational leaders are preparing a budget, they need to consider meeting the needs of all students as well as balancing costs of debt, capital outlay, maintenance, and operations, which is called school infrastructure (Thompson, Wood, & Crampton, 2008, p. 256). The current climate of educational reform and accountability of student growth has forced districts to make difficult choices between instructional programs and infrastructure needs. “The role of infrastructure