Qualitative Characteristics of Useful Financial Information The purpose of financial reporting is to provide decision makers with useful information. When accounting choices are to be made by individuals‚ those choices should be based upon the usefulness of that information to the decision making process. The Framework identifies six qualitative characteristics of financial statements as follows:- • relevance; • faithful representation; • comparability; • verifiability; • timeliness; and
Premium Decision making
Technology in todays modern environment plays a major role in all aspects of society‚ with widespread use in a majority of industry and business sectors. In today’s global economy many industries have to invest heavily in Information technology in order to keep its competitive advantage and to ensure they will be able to compete with competitors who now operate within a global economy. It can be said that there is an established trend within the financial services sector of increasingly heavy dependence
Premium Bank Financial services
relative terms‚ it wasn’t long ago that the Information Technology department might have consisted of a single Computer Operator‚ who might be storing data on magnetic tape‚ and then putting it in a box down in the basement somewhere. The history of information technology is fascinating! Technology is the branch of knowledge that deals with the creation and use of technical means in order to solve a problem or perform a specific function. Information technology is a wide field‚ and has enabled organizations
Premium Information technology Computer Computing
2000 (Information Shield‚ 2004-2011). The law was aimed at operators of commercial websites‚ and online services directed at children below the age of 13. The law also targeted operators directed at the public with the knowledge of children 13 and below visiting there sites. With the increased use of computers‚ information technologies like electronic mail‚ chat room websites‚ and social websites creating direct contacts with children. These young children needed to be protected from information that
Premium Debit card Consumer protection Payment systems
Investing in Stocks and Bonds Stocks and Bonds are different in many ways. A stock is a portion or share of the ownership of a corporation. A share will give the owner of the stock the company’s profits or loses over time. The good thing about stocks is they can be sold at almost any time as long as there is someone willing to buy. A bond‚ on the other hand‚ is a fixed interest financial asset issued by governments‚ companies‚ banks‚ and other large entities. Bonds also are called funds.
Premium Bond Investment Mutual fund
A GLANCE AT INFORMATION AND COMMUNICATION TECHNOLOGY Assignment title: Name: Student number: Course code: Course title: Due date: Executive summary Information and communication technology (ICT) has become an important tool in all aspects of life. With the development of technology‚ the introduction of ICT as a tool has essentially brought tremendous revolution to the practices and procedures of nearly all forms of endeavor within business and governance during the past decades.
Premium Management Project management
that the Health Information Technology for Economic and Clinical Health (HITECH) Act has supported communities by increasing health IT to improve care and change in the way it is delivered. Most hospital employees and health care organization managers understand how the health information technology (IT) is important for society and the government. This act is a part of the American Recovery and Reinvestment Act (ARRA) legislation in 2009 that helps expand the use of health information infrastructure
Premium Health care Electronic health record
Agency Costs and Financial Decision-Making The Concept An agency relationship is a contract under which one or more persons (the principal(s)) engage another person (the agent) to perform some service on their behalf which involves delegating some decision making authority to the agent. If both parties to the relationship are utility maximizers and they may have divergent goals and objectives‚ and there is good reason to believe that the agent will not always act in the best interests of the
Premium Stock Principal-agent problem Stock market
(Student) ACKNOWLEDGEMENT I take this opportunity to thank everyone who was instrumental in my project completion. I would like to thank Amity University for giving me this opportunity to do my summer internship of days (8 weeks) in Reliance Capital Asset Management Ltd. I
Premium Investment
Introduction Information technology plays an important role to support the relationships between customers and suppliers in financial industry. Different industry faces different competitive and different business practice. Besides‚ we can use information technology to determine the opportunities and threats to the relationships between customers and suppliers. In this research‚ it focus on the financial service industry that is motivated by three factors which are the paucity of research
Premium Financial services Service