LAW 332 COMMERCIAL TRANSACTIONS 2 NATIONAL OPEN UNIVERSITY OF NIGERIA SCHOOL OF LAW COURSE CODE: LAW 332 COURSE TITLE: COMMERCIAL TRANSAC TIONS 2 1 LAW 332 COMMERCIAL TRANSACTIONS 2 COMMERCIAL TRANSACTIONS 2 Course Developer/Writer Prof. Justus A. Sokefun National Open University of Nigeria Victoria Island‚ Lagos. Prof. (Mrs.) Chioma K. Agomo University of Lagos‚ Akoka Ifidon Oyakhiromen‚ Ph.D‚ BL National Open University of Nigeria Victoria Island‚ Lagos. Mr. Ayodeji
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Entity: | Vietcombank | | Period ended: | 31/12/2012 | Significant class of transactions/significant disclosure process name: | Credit origination - Transaction processing | | Significant class of transactions/ significant disclosure process owner: | Credit Policty at HODebt management division Client Division | | We obtain an understanding of the significant classes of transactions (SCOTs) and significant disclosure processes to identify and understand the risks of material misstatement
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Transaction Dispute - Checklist TRANSACTION DISPUTE - CHECKLIST The below checklist of items MUST BE PROVIDED in order to process the dispute request. A chargeback specialist will be assigned to your case & contact you for further information (if necessary) and will provide status of the submitted claim. The content provided will allow proper investigation of the transaction dispute. Failure to provide the information in the checklist WILL PREVENT THE PROCESSING OF THE CLAIM. This form must be received
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Forms and Patterns of IBT a. Types of IBTs‚ categorized by penetration: i. export-import transaction ii. agent or distributor sells goods abroad iii. licensing to a foreign entity to manufacture and distribute products abroad iv. Joint ventures b. Forms of Trade i. Goods ii. Services iii. FDI iv. Knowledge/Technology Transfer c. MNE i. DEFINITION:
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accounting process. 1. Identifying the financial transaction a business may perform several transactions. Of which‚ only financial transactions are recorded in accounts. In the first step of the accounting process‚ therefore‚ financial transactions are identified. Financial transactions are those which are expressed in monetary terms. 2. Recording of Financial Transactions In the second step of accounting process‚ all financial transactions performed by the business are systematically recorded
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I - A. " Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events" (CICA‚ Financial statement Concepts 1000.21 (a)‚ 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers
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high liquidity with low risk while loans are illiquid with higher risk. Financial intermediaries can transform the assets with different liquidity features through diversification of their portfolio. Transaction cost incurred because of time and money spent in performing financial transactions. Prior to granting loans‚ search costs is incurred by both the lenders and borrowers to search for the suitable counterparty. Verification cost is then incurred by lenders to verify the accuracy of information
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responding to an accounting audit of the company’s ERP system controls and accounting records and financial statements. In order to prove that controls were in place to prevent fraudulent accounting transactions‚ records of our department’s policies and procedures had to accompany any request for transaction analysis. Luckily‚ policies and procedures were kept up to date the auditors were pleased and
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The Uniform Electronic Transactions Act (UETA) is one of the several United States Uniform Acts proposed by the National Conference of Commissioners on Uniform State Laws to provide a legal framework for the use of electronic signatures and records in government or business transactions. UETA makes electronic records and signatures as legal as paper and manually signed signatures. Approved by the National Conference of Commissioners on Uniform State Laws in 1999‚ Forty-seven states‚ the District
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goodwill money and 120K advanced rental and a stipulation that in case the parties will not agree as to the terms and conditions of the final contract of lease‚ the pre-lease contract shall be declared null and void and the petitioner shall return the deposit plus legal interest. Before final occupancy‚ the petitioner declared the pre-lease contract null and void‚ leased the premises to another lessee and offered to return the 150K deposit. Private respondents refused to accept so that petitioner
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