affordability for homeownership for low‚ moderate‚ and middle-income families. Fannie Mae purchases home mortgages from banks‚ guaranteeing them‚ and then resells them to investors‚ which helps the banks to eliminate the credit and interest rate risk. (Fannie Mae Case) Fannie
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Accounting today is used by most people in the world in one way or another. Accounting is a system for identifying‚ reading‚ measuring‚ and interpreting the results of economic activities. Accounting is not only used in the business world but rather it is used by everyone in all types of situations. For example‚ trying to get a bank loan or trying to apply for a credit card the applicant must provide the company with their personal accounting information to get approved. Personal accounting information
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A. ZILBERMAN MIR PUBLISHERS Moscow PREFACE Many objects are obscure to us not because our perceptions are poor‚ but simply because these objects are outside of the realm of our conceptions. Kosma Prutkov CONFESSION OF THE AUTHOR. My first acquaintance with calculus (or mathematical analysis) dates back to nearly a quarter of a century. This happened in the Moscow Engineering Physics Institute during splendid lectures given at that time by Professor D. A. Vasilkov. Even
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benefits to these practices. It ’s value is in fact a much debated topic not only within academia but also within the business world. Numerous major blue-chip corporations have adopted practices concerning employee engagement; amongst them (Gray‚ 2013)Sainsbury and BAE Systems. The impact of which have also extended into the public sector namely the NHS. Bearing in mind that recently there have been major cutbacks from the government concerning the organization. According to the factsheet‚ (CIPD‚ 2014)
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Assess to what extent differing national cultures are relevant to an understanding of the reasons for accounting differences‚ and therefore to the process of classification of countries. 12/11/2008 ABSTRACT Culture was broadly ignored and was flooded in the concept of environmental factors influencing the accounting changes. However‚ research has shown that culture had a huge role in accounting development and changes. In this essay‚ we are going to develop Gray’s theory about the relationship
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in the blank Identify the choice that best completes the statement or answers the question. Carefully and completely fill out this test with the answer that best fits the question. For each answer‚ clearly circle your choice from the options provided (a‚ b‚ c‚ d‚ etc.). Dont make me guess‚ I wont award credit if it isnt obvious. 1. What type of data is found in the general ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records
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What is a Trial Balance? State its objectives and characteristics. Give some reasons for disagreement of the Trial Balance. A ’Trial Balance’ is a list of all the General ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit balance value. The debit balance values will be listed
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profit margin on sales for 2013. Net income/net sales. receivables turnover ratio net sales/average A/R inventory turnover ratio for 2013. COGs/average inventory asset turnover ratio for 2013.Net sales/average total sales average collection period for 2013.365/receive turnover ratio. average days in inventory for 2013.365 / inventory turnover ratio decimal place. return on assets for 2013. Profit margin*assets turnover. return on stockholders’ equity for 2013. Net income/ average stockholder’s On December
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probably test us on e-controls or cash control for cash receipts and cash payments. What is internal control? It is the organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent
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“Is it Fair” Introduction Cohen (1986) argues that corruption has been described as “acting on opportunities‚ created by virtue of one’s authority‚ for personal gain at the expense of the public one is authorized to serve.” Cohen felt that it can be dangerous that the officers accept these gratuities because what might start without intent on the part of the officer may be become a patterned expectation and can lead to targeting and misuse of power if the gratuity stops. On a different
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