Tag: types

Types Of Institutions Finance Companies (2)

Finance CompaniesUnder the California Industrial Loan Law, (California Financial Code Section 18000 et. seq.), a special type of license is available for the purpose of financing premiums for insurance policies. As a comparison, DBS had $2b in net interest income for HY07 while Hong Leong Finance only had $85m in net interest income for the same period. For instance, Hong Leong Finance is part of the larger Hong Leong group which includes City Developments , a major real estate developer. Hong Leong Finance is able to market its mortgage services through CDL when the latter launches real estate projects.

As for the other smaller finance firms, they would have to compete based on the better and more personalized service that they offer to small customers than the big banks normally would. HL Fin has quite a significant portion of income coming from fee and commission income, such as corporate finance and …

Types Of Accounting Information (2)

Financial AccountingFinancial accounting is a specialized branch of accounting that keeps track of a company’s financial transactions. The enterprises are required to disclose the current investments (realisable in nature and intended to be held for not more than one year from the date of its acquisition) and long terms investments (other than current investments) distinctly t in their financial statements. AS 14 deals with accounting for amalgamation and the treatment of any resultant goodwill or reserves and is directed principally to companies although some of its requirements also apply to financial statements of other enterprises.

AS 17 establishes principles for reporting financial information about different types of products and services an enterprise produces and different geographical areas in which it operates. The information helps users of financial statements, to better understand performance and assess the risks and returns of the enterprise and make more informed judgments about the enterprise as a …

Leverage And Its Types (2)

Finance ManagementThe Masters in Financial Management has recently been recognised by the CFA Institute in their University Recognition Program. Executive functions of financial management are raising the Required funds Funds can be raised from various sources like issue of shares, debentures, fixed deposits, bonds, borrowings, etc. The finance executive has to decide the proportion in which the different sources should be raised. Executive functions of financial management are assessing the total capital requirement. The basic responsibility of the financial executive is to prepare the monetary plan of the company. Executive functions of financial management are estimating the cost of capital.

To avoid over-capitalization and under-capitalization the finance executive has to access these needs of funds properly. The finance executive has to ensure that the company maintain adequate working capital. The finance executive has to ensure that cash is utilized as per the plan and in case of any deviation, corrective measures …

Accounting Concepts And Its Main Types (3)

AccountingAccount Payable & Tax Accountant Actively promoting and implementing LSCO Way and Winning Characteristic In charge for GTC II record keeping, banking, tax, liaise with Hongkong head office Assist Accounting Manager for correct entries Qualification & Experience Bachelor in Accounting or Finance or related degree Minimum 5 – 6 years working experience in the same field Regional experience is advantageous but not necessary. The coursework in this program of study helps students gain a range of knowledge in accounting and business, including understanding tax implications, using technology to gain a competitive advantage, and business writing. As a graduate with an MSA, you may also take a management position in accounting, auditing or budgeting, open your own accounting business, or go on to earn an MBA or doctorate degree. Specifically, you might be a chief financial officer, controller, internal auditor, or government auditor, or work in accounting information technology. The PhD …