Finance lease

National Development Bank PLC ( NDB Bank) is a banking as well as financial institution of Sri Lanka, NDB is headquartered in Colombo, Sri Lanka (at No 40, Nawam Mawatha, Colombo 2). NDB begun its operations in1979 as a state-owned development of finance institution. NDB was set up by Sri Lanka Act No 2 of 1979 as “National Development Bank of Sri Lanka” In January 1979 as a wholly state owned institution. In 1993 NDB was changed its ownership structure as privatized and NDB listed on the…

Internal control violations There was a total internal auditing division violation of the regulation in the K-Marts case. When the disproportional asset inflation was seen in the company revenues, it should have been immediately reported to the SEC and other concern authorities, but it was not done. In fact, the amount inflated was almost 10% of the total revenues are the inflated revenues. Therefore, internal control mechanisms of Kmart should play the role of the whistleblower policies. The…

Public Financing of Sports Stadiums “Never support public financing of a sports stadium. You as a taxpayer are virtually guaranteed to lose that game.” Over the past few decades, the debate over whether or not sports stadiums should be publically financed has caught more attention with tax payers. Many financial economists have come to agree that publicly financing sports stadiums is a bad investment. The public should not provide financial support of sports stadiums because they have little…

lies ahead of the company is that the continued industrialization will result in the expansion of the corporate sector. Consequently, the company's market base will expand since most business institutions are always willing to take loans in order to finance their business activities (Bank of America 2015). The increasing number of firms will also boost the company’s ability to participate in capital investment activities. The availability of enough companies will provide enough alternatives for…

The Notion That Uniform Standards Alone Will Produce Uniform Financial Reporting Seems Naïve Ali Raza Roll No. MB2M-16-05 Institute of Management Sciences, Multan • Introduction In this assignment, I have studied the reasons which encourage the countries to maintain national differences in IFRS. Then identified the ways by which national differences are inculcated in the IFRS. National differences in the IFRS eventually creates the un-uniform IFRS financial reporting quality. But, there are…

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week we presented an opportunity to finance $6MM in production equipment for a medical device manufacturer. We are reviewing the transaction from the perspective of an equipment finance firm (ABC) that was recently acquired by a local bank (FCB). More information here: ________________ Below are simplified highlights of our decision-making process: First, in checking our Risk Appetite Statements, we found that there is no RAS established yet for the equipment finance subsidiary, ABC. The bank’s…

The person who is seeking the finance is solvent and has a satisfactory financial history can easy get the loan. The bank will provide a set figure that been requested by the business and they will repay the amount over an agreed period of time. In most case the bank will charge 2 percent…

Lady Gaga, was born Stefani Joanne Angelina Germanotta, in Yonkers, New York, on March 28, 1986. Her father, Joseph, was an internet entrepreneur and her mother, Cynthia, worked in telecommunications. Stefani has a sister that is six years younger than she. Stefani grew up on the Upper West Side of Manhattan. Her family was well-off and sent her to a catholic girl’s school called, the Convent of the Sacred Heart. At age four Stefani began taking piano lessons and wrote her first song shortly…

The case, ‘Santander Acquires Abbey: The Jack Project’, applies a general strategic management focus to an analysis of the ‘Jack Project’, the Spanish banking group’s IT centric project to acquire Abbey. The case focuses on Jose´ Marı´a Fuster, chief information officer (CIO) and his perspective in leveraging IT to integrate Abbey. The following issues are explored: (1) the value of IT; (2) the generation of synergies in M&A; and (3) the prioritisation of IT-related options comparing two…