CONCEPT OF FINANCIAL INCLUSION Financial inclusion denotes the provision of affordable financial services‚ (viz.‚ access to payments and remittance facilities‚ savings‚ loans and insurance services) by the formal financial system to those who tend to be excluded. The various formal financial services include credit‚ savings‚ insurance‚ pension and payments and remittance facilities. The most commonly understood objective of financial inclusion is to extend the scope of activities of the organized
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Definition of ’Financial Performance’ A subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. This term is also used as a general measure of a firm’s overall financial health over a given period of time‚ and can be used to compare similar firms across the same industry or to compare industries or sectors in aggregation the financial performance of companies means these companies with effective budgetary control and distribute the amount
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Financial intermediation consists of transforming funds between surplus and deficit units. This can take place indirectly through depositories or directly through investment banks‚ per say. In the article Dell Deal Done Differently‚ “stapling financing” was the controversial practice taken place. Stapling financing as depicted in the article is an act investment banks premeditate when offering a finance packaging to bidders during acquisition. This is a part of financial intermediation because it
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Personal Leadership Plan HSM/230 Personal Leadership Plan Throughout life one will encounter many experiences and there is a lesson in each experience. I have embraced the experiences‚ learned from them and will use them to show others that there is life after drug abuse and incarceration. I currently volunteer with an organization that provides a safe and sober living environment for women in recovery. My goal is to assist women transitioning back into society after incarceration. The United
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“Financial statements are like fine perfume; to be sniffed but not swallowed.” - Abraham Briloff (Professor Emeritus of CUNY Baruch) ACCOUNTING: Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least‚ of financial character‚ and interpreting the results thereof." ACCOUNTING AND ITS ROLE IN SOCIETY:
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KAISER FOUNDATION HEALTH PLAN‚ INC. AND SUBSIDIARIES AND KAISER FOUNDATION HOSPITALS AND SUBSIDIARIES Combined Financial Statements and Credit Group Financial Information December 31‚ 2012 and 2011 (With Independent Auditors’ Reports Thereon) KAISER FOUNDATION HEALTH PLAN‚ INC. AND SUBSIDIARIES AND KAISER FOUNDATION HOSPITALS AND SUBSIDIARIES Table of Contents Page Independent Auditors’ Report 1 Financial Statements: Kaiser Foundation Health Plan‚ Inc. and Subsidiaries and
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PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AS AT MARCH 31‚ 2013 (UNAUDITED) AND DECEMBER 31‚ 2012 (AUDITED) AND FOR THE THREE MONTHS ENDED MARCH 31‚ 2013 AND 2012 (UNAUDITED) F-1 PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in million pesos‚ except par value per share amounts and number of shares) As at January 1‚ As at March 31‚ As at December 31‚ 2012 2012 2013
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general populace’s lack of financial knowledge has increased‚ many organizations have been created or have begun to provide various types of financial education. Financial literacy and personal money management programs operate at various levels‚ ranging from national to statewide to local. Some programs are preventative‚ targeting middle and high school students through regular curricula or special programs that aim to educate young people before they encounter financial choices. Others focus on
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Financial Information 1. Why is financial information important for a business- provide four reasons * For owners and managers to be able to make sensible business decisions. * For prospective investors to know where the company stands financially. * Financial institutions such as banks can use this information to decide whether to give the company things such as loans etc. * For everyone within the company to understand its financial position‚ regarding assets‚ liabilities‚ equity
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What is a Financial Crime? There is no internationally accepted definition of financial crime. Rather‚ the term expresses different concepts depending on the jurisdiction and on the context. In general‚ financial crime can refer to any non-violent crime that results in a financial gain to the perpetrators and loss to others or the state. It includes a range of illegal activities such as: • corruption (bribery‚ speed money‚ kickbacks etc.) • financial fraud (accounting‚ check‚ credit card‚ mortgage
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