August 31, 2015

Why to Implement International Financial Reporting Standards

Many economies have accepted IFRS. So many companies across world have implemented IFRS and have started reporting according to the IFRS. The implementation to the IFRS results into huge benefits for the company. These benefits come in many ways and forms. These have huge impact on the competitiveness of the companies as well as it offers huge opportunities to the companies. This also provides better options for the finances. These benefits of implementation and reasons to implement these IFRS can be summarized as below: Continue reading

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August 31, 2015

Clan Control

The four functions of the management are planning, organizing, leading and staffing. All these four functions are meant for an efficient performance of the system or organization. While practicing these four functions there is need for ensuring that everything remains in the given or expected range and the outcome of all actions is expected. To ensure the alignment to expected values or range there is need for controlling these activities so that goals are met and no function of these four functions tends to dominate or encroach in others territory. Continue reading

August 30, 2015

International Financial Reporting Standards

There are huge and widespread discussions in the fraternity of the accounting and financial management about the consequences and implications of the acceptance of the International Financial Reporting Standards issued by the IASB as new world order for the accounting practices across the world. IASB has been lobbying and trying to convince and bring all the nations on the discussion table to discuss and adapt to this new financial and accounting reporting practices across the world as a homogeneous practice to help investors to decide accurately. Critics across the world are criticizing this process of standardization of accounting practices. Instead they are demanding for harmonization of financial reporting across the world to take care of the special needs of the needy nations. So a lot of controversy is there on this issue. It is important that there is no suspicion about the benefits or possible losses from the adaptation to IFRS. Continue reading

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August 30, 2015

Variables Affecting Investment Decisions

There are many variables that investors consider when making an investment decision. But two variables Expected return and market conditions are the most important in the decision-making process. The reason for the importance can be summarized as below: Continue reading

August 29, 2015

Marine Insurance Act 1906 of United Kingdom

The Act was passed in the United Kingdom in 1906 as UK act by the parliament to regulate the marine insurance. Sir Mackenzie Dalzell Chalmers was the person who drafted this act. The Act is very important for the UK and has huge significance for the world. This insurance not only governs the English Law but this insurance has huge impact on the marine insurances across the world. This Act has huge impact on almost every Marine Insurance acts and laws across the world that regulate the world Marine Insurance industry. Although this Marine Insurance act would cease to exist by the year 2012 but is expected that this Act will be reenacted by the parliament in 2012. Continue reading

August 29, 2015

Relationship between Firm’s capital structure and personal capital structure

Each and every firm has two basic capitals on its disposal. These capitals are equity capital and debt capital. Equity capital is money of the firm’s owner. In other words it is money of the firm and the firm is free to use the same for all kind of purposes. When firm don’t have sufficient equity capital for any activities it uses debt capital. The debt capital is borrowed money from an outsider. It is borrowed at some cost for some specific purpose. Continue reading

August 29, 2015

Industrial Regulation

Every country has some rules, laws and acts to enforce and regulate their industries with purpose of safeguarding the interests of all the stakeholders and induce the industrial growth in the economy. These laws with such intentions of safeguarding and promoting industrial activities in the country are known as industrial regulation laws and policy. Every country has an industrial policy depending on the need circumstances in the economy. This industrial policy is enforced by many laws and rules of the land that tackle with various industries in the country. Continue reading

August 28, 2015

Marine Insurance

Marine Insurance is an insurance contract between two parties to cover the losses arising out of damages or any other incidents of cargoes, ships, terminals or any other form of transport through which the articles are transferred by using marine routes. There are so many branches and areas of marine insurance. Cargo insurance is one of the most important branches of the marine insurance. Continue reading

January 2, 2012

Financial Resolution for the New Year

The new has already knocked the door and we are celebrating it like never before and we should do this. But while celebrating we should move to new year new approach towards our life, so is to our finances. We should ensure that we are having some realistic financial resolutions this year. Not some very big and artificial ones like previous years just to forget once more. Those who don’t have such habit of making a resolution and sticking to it forever should start with some easier ones. Continue reading

December 23, 2011

Moody’s Upgrades Indian Bonds

Earlier Moody’s downgraded Indian Banking sector few weeks back. The same rating agency has sweetened the Indian economy when it needed some help as week rupee, huge fiscal deficit, and policy paralysis made things worse her in India. Its expected that this upgrade will help Indian economy inshort term as well as long term and some foriegn currency, mainly US dallor may come to India for better returns. Continue reading
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