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Functions of Treasurer:-
(1) Cash Management: - It comprises the managing of cash receipts and cash payments of the business.
(2) Banking Relations: - It comprises operating bank accounts, banking relations and managing deposits and withdrawals etc.
(3) Credit Management: - It comprises determining the credit worthiness of the customers and arrangement for collection of credit sales.
(4) Assets Management: - It comprises arrangement for the disposal, acquisition and insurance of various assets.
(5) Securities Management: - It includes the investment of surplus funds of the business.
(6) Protecting Funds as well as Securities: - It comprises custody of funds and securities.
European Community (EC) An economic alliance, evaluated in 1957, designed to encourage trade and economic cooperation between its members. The EC is also called the European
Working of SEC The SEC supervises the main members in the securities world, including securities brokers and dealers, securities exchanges, investment advisors, and mutual fund
Walk-through tests - Auditor • "Walk-through tests" -That is tracing one or more transactions by accounting system and observing application of internal controls. Rev
Q. What is denoted by weighted average cost of capital OR Composite? How is it calculated? Exemplify with an example. Ans. Weighted Average Cost of Capital: - Capital formation
Historical Developments
Uses of Index Numbers 1. Establishes trends Index numbers when analyzed reveal a general trend of the phenomenon under study. The available figures for inflation based
Security returns are found to be less correlated across countries than within a country. Why can this be? Answer: Security returns are less correlated possibly because countries
Explain some Examples under FASB 52 that a foreign entity's functional currency would be similar as the parent firm's currency. Answer: Three instances under FASB 52, in which
You invest $1,000 at an annual interest rate of 5% compounded continuously. How much is your balance after 8.5 years? How long will it take you to accrue a balance of $4,000? What
why is agency problem important
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