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Flowcharts - Documenting the accounting system
Depict in outline the sequence of events in a system showing document flow and department or function responsible for every event.
Advantages:-
Easier to read and understand for larger more complex systemsHighlight key features and controlsStanderdizedEasy to update and little narrative Disadvantages:-
Requires formal training to understand notation usedtime consuming to preparemay missout crucial detail because of little supporting narrative
Define the basic motivations for a counterparty to enter into a currency swap. Answer: One major reason for a counterparty to enter into a currency swap is to exploit the comp
As liberalization is gathering momentum, corporate treasures and merchant bankers are in the process of devising new products to suit the needs of investors and c
Question: (a) The key determinants of investment decisions in the public sector are:- legal, political and financial factors. Show the importance of each determinant when de
Ask questionSally Thomson #Minimum 100 words accepted#
Depository institutions Depository institutions: intermediaries with a important proportion of their funds derived from customer deposits - include commercial banks - savings i
Q. Show the Advantages of IRR Method? Advantages of IRR Method:- (i) Similar to the other DCF methods IRR methods as well take into consideration the time value of money.
A firm's operating and financing decisions Risk also results from decisions made within the company. This risk is usually divided into two classes: - Business risk is th
Sunk Cost This is a cost which has already been incurred and cannot be affected through present or future decisions.
Define intermediation . The monetary system makes it possible for deficit and surplus economic units to come together exchanging funds for securities to their mutual benefit.
Q. Determine Earnings per share? Current earnings per share = 100 × (4550 - 225)/ 5000 = 86.5 cents Earnings per share after one year = 100 × (4508 - 225)/ 5000 = 85.7 cents
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