Question 1 – a) Putting Canada on a continuum between fully converging or partially converging with the international financial reporting standards (IFRS) with their “Made in Canada” (Canadian Institute of Chartered Accountants [CICA]‚ 2006) generally accepted accounting practice (GAAP)‚ Canada would lie very close‚ if not on the line of convergence. Over the past few years‚ before the consideration of IFRS and leading up to the full convergence of it‚ Canada’s GAAP has been a ‘no mans land’
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INTRODUCTION TO INVESTMENT What is Investment? An investment is the choice by the individual‚ after thorough analysis‚ to place or lend money in a vehicle (e.g. property‚ stock securities‚ and bonds) that has sufficiently low risk and provides the possibility of generating returns over a period of time. Placing or lending money in a vehicle that risks the loss of the principal sum or that has not been thoroughly analyzed is‚ by definition speculation‚ not investment. In the case of investment‚ rather
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Introduction to Investment Banking An investment bank is not a bank in the usual sense. It doesn’t have checking or savings accounts‚ nor does it make auto or home loans. It is a bank in the general sense‚ in that it helps businesses‚ governments‚ and agencies to get financing from investors in a similar way that regular banks help these organizations get financing by lending money that the banks’ customers have deposited in the banks’ savings‚ checking‚ and money market accounts‚ and CDs. In other
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For this to be done well‚ the board needs to adhere to the following best practice. Leadership structure- This includes the role of the Chairman as well as the CEO. Best practice advises that these two roles should be kept separate. Reason for this is that the both roles come with considerable responsibility as well as power. Combining them may lead to an overload of power as well as an inability to do both jobs well. Member KSAO- The board should include members with a mixture of knowledge‚ skills
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Section189 (1) of Companies Act‚1956 ØA resolution shall be an ordinary resolution when at a general meeting (AGM/ EOGM) of which notice required under the Companies Act has been duly given ‚ the Votes cast (whether on show of hands‚ or on a poll‚ as the case may be‚) CS KAUSHIK M JHAVERI 3 ORDINARY RESOLUTIONS Øin favour of the resolution (including the casting vote ‚ if any ‚ of the chairman) by members who being entitled so to do ‚ vote in person or where proxies are allowed ‚ by proxy ‚ exceed
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Canada: Top Festivals And Events Canada is festival HQ. Across the length and breadth of the country‚ if there is an opportunity for a festival or an event‚ you can count on a city‚ town or village to arrange one. Festivals range from the internationally acclaimed Montreal Jazz Festival in Quebec to the lesser known Moose Jaw Kinsmen International Band & Choral Festival in Saskatchewan... and everything in between. The change of seasons‚ rural fairs‚ agricultural displays‚ rodeos‚ comedy festivals
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& Board: A Strategic Case Study Analysis Strategic Profile and Case Analysis Purpose Room & Board was wholly owned by John Gabbert‚ who had created it more than 25 years earlier. As a Minnesota-based privately owned company‚ Room & Board has been known for offering products that combined classic‚ simple design with high quality handcrafted furniture and giving exceptional service to their customers. Approximately $50 million of revenue a year was generated through Room & Board fully
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1. Background and Development of STB as an NTO. Singapore Tourism Board‚ was established in 1964 with the goal to promote Singapore as a tourist destination. The Statutory Board was established by the Ministry of Trade and Industry of Singapore‚ this indicates that the government recognised the tourism industry’s potential as a capable contributor to the economy. In the first year‚ STB only had 25 employees‚ who’s efforts welcomed 91 thousand tourists in that year. As a result of STB’s continuous
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SECTION 1: Sales Growth 1. During the four-year period ended December 31‚ 2008. SciTronics’ sales grew at 21% ($244‚000/$115‚000) = (1+r) ^4 compound rate. There were no acquisitions or divestitures. Profitability Ratios: How Profitable Is the Company 1. SciTronics’ profits as a percentage of sales in 2008 were 5.73% (14‚000/244‚000). 2. SciTronics’ profits as a percentage of sales in 2005 was 3.44 %( 5‚000/147‚000). This represents an increase of 2. 29% from 2005. 3. SciTronics had a
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COLGATE - PALMOLIVE CO. FINANCIAL STATEMENT ANALYSIS Table of Contents CHAPTER 1: BACKGROUND OF COLGATE Colgate was founded as a small business which mainly in New York in 1806‚ Colgate Palmolive (CL) never stops its step on developing and improving its business‚ at the same time‚ the exploration of Colgate has ever never stopped as well. Through acquisition and expansion strategies‚ according to Forbes‚ Colgate has become the 65th largest company in the world
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