Quinnipiac University School of Business FIN350 Global Financial Markets & Institutions Questions & Problems Set 5 Spring 2013 1. Explain why commercial banks are regulated and describe the major pieces of legislation enacted to prevent bank failures. Financial institutions are regulated because they provide products and services that the economy needs to function efficiently. Also they function in an environment where there is a great deal of asymmetric information‚ so they
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Liabilities – Expenses that have been incurred but have not been paid at the end of the accounting period Deferred Revenues – Revenues that have been collected but not yet earned‚ they are liabilities until the goods or services have been provided Contingent Liability – A potential liability that has arisen as the result of a past event; it is not an effective liability until some future event occurs Bonds – Publicly traded debt Operating Lease – Does not meet any of the four criteria established
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Introduction Accounting information systems are often implemented into companies due to the advance in technology and competitive global markets. In the case study which is given‚ a new ERP system (Enterprise Resource Planning System) was introduced at an Ivy League University. Companies use software-based accounting tools to enhance the efficiency of working with its financial matters‚ however we may found out there are some practical problems that we have to face during the implementation. At
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organisational design must be appropriate to the given situation and a particular action is valid only under certain conditions. There is no one best approach to management and it all depends on the situation. In other words‚ managerial action is contingent upon external environment. There is no one best approach for all situations. What a manager does depends upon a given situation and there is an active inter-relationship between the variables in a situation and the managerial action. Contingency
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York State‚ ad has prisoner follow a process to be released from state custody‚ into the custody of family. He was advised that due to prior heroin abuse earlier in his lifetime‚ his continued participation in the Family Reunion Program would be contingent on his participation in the ASAT (Alcohol and Substance Abuse Treatment) Program at the facility. This program follows the similar philosophies of a Twelve- step program. David Griffin complied‚ and attended the ASAT Program for several months
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complete application forms. 2. Conducting initial and follow-up interviews. 3. Giving employment test. 4. Conducting background checks. 5. Obtaining results from physical exams. 6. Establishing trail (probation) periods. Hiring Contingent Workers Contingent Workers: Workers who do not have the expectation of regular‚ full-time employment. Training and developing employees for optimum performance Training and Development: An attempt to improve productivity by increasing an
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Statement of Facts Big Bear Power is a public utility company that leases a combustion turbine from Goliath Co for a 10-year non-cancelable term. The lease agreement is signed on December 15‚ 2004 and Big Bear’s right to use the turbine begins on January 1‚ 2005. They have the following three transactions that need to be analyzed under ASC 840‚ Accounting for Leases‚ to determine whether costs or potential costs associated with the provision should be included in minimum lease payments: 1. Fees
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Teacher：WEI LIU Student: QIANWEN XU The project: FRA#2 (a)What is the authoritative literature addressing revenue recognition when right of return exists? If a transaction is within the scope of specific authoritative literature that provides revenue recognition guidance‚ that literature should be applied. However‚ in the absence of authoritative literature addressing a specific arrangement or a specific industry‚ the staff will consider the existing authoritative accounting standards as well
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CHAPTER 1 INTRODUCTION Motivation is derived from the Latin word movere‚ which means “to move”. According to dictionary of management‚ it can be defined as the forces acting on or within a person that cause the arousal‚ direction‚ and persistence of goal-directed‚ voluntary effort. Motivation is one of the most important areas of study in the field of organizational behaviour. Motivation is done to inspire and encourage people to fulfil their needs. In motivation people tend to do
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Recap 02 — The Importance of Capital and the Basel Accord Transformation and Risk According to Paul McCulley: [T]he essence of banking is maturity‚ liquidity and quality transformation: holding assets that are longer‚ less liquid and of lower quality than the funding liabilities. Transformation is where banks make their money‚ and transformation entails risk. Thus the tension that underlies international banking: The banks are trying to ramp up risk in order to make more money‚ while the regulators
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