Offshore finance

1. Growth Vs. development: Growth • Growth is quantitative term, which is concerned with the material and financial aspect i.e. income of the individual. It is measured in per Capita income and GDP. • Growth is Natural term, by certain time it will happen without any forces. • Growth of an economy means increase in production for market or any institution. • Growth may lead to development. But is not necessary. • Growth is concerned with increase in the economy's output. Development •…

The course Acct363 brings me a valuable experience on tax return and educates me the process of preparing it. This course is different from other courses because it needs our ability to organize the time arrangement, analyze the data, and service the clients. This course provides us the chance to apply our studies into realistic practice. In school class, we only learn about the tax rate, the fluctuation of tax and the effect of rate. The abstract concepts will confuse us most of the time than…

MANAGING INTEREST RATE RISK The interest rate risk management is very important and many technical instruments have been developed to understand the interest rate risk. The interest rate risk majorly comes up in interest bearing asset like loan and bonds as there exist a possibility of change in asset’s which is the result of variability of interest rates. FUNDAMENTAL INTEREST RATE CONSIDERATIONS The trading of variable rate loan structure is involved during interest rate swaps having fixed…

Simon was correct to question whether or not Frosty Co. could capitalize some of the interest on the new loan. After checking with GAAP, it was determined that Frosty Co. cannot capitalize the interest on the new loan as part of the construction project on the new factory. According to GAAP, three conditions must be met in order for the interest to be capitalized: expenditures for the asset must have been made, activities that are needed to get the asset ready for its use are already in…

PwC (Price Waterhouse Coopers) was created originally as an accounting firm. They have since become a company that is worldwide. They focus on accounting for organizations, one being the Oscars. PwC is a company that is known worldwide for taking on new business and creating ideas and products to help each of their clients succeed. PwC has an exceptionally high standard that is expected to be seen throughout their entire company through their projects. Without having solid internal…

Initially, Americans found a challenge in investing in publicly listed companies. This application introduced by Robin Hood Stock Trading is one of the strategies that are being used to solve this problem, where the individuals invest without paying a commission. Before the introduction of this application, firms that existed charged a commission, which was not cost friendly to the individuals. Robin Hood Stock Trading is a profit making company that generates its revenue from interests that is…

FACTS Prior to 1985, Douglas F. Manchester (Manchester) formed for purposes of constructing, owning, and managing two hotel facilities at the San Diego Convention Center, two limited partnerships: Pacific Landmark Hotel (Landmark) and Pacific Gateway (Gateway). The construction was primarily financed through nonrecourse borrowing. Landmark and Gateway both used accelerated depreciation to lower their bases below the amount of debt incurred in constructing the hotels. On October 3, 1985,…

loan term will be met. The third option ethically is a lie, because alleged money is being placed on the books that has not been received, or may not be received. In option one, the company could default on the loan. A little delay in clearing of finances could result in the loss of goodwill, which can cause consequences for the company’s business relationships. Ethical traits being tested include professionalism, integrity, professional honesty, and reliability (Onuoha & Amponasah,…

1. Gatsby spent five years working for Dan Cody. What influence did Cody have on him? Gatsby got inspiration and a desire to do something in life from Dan Cody. Gatsby learned how to make money. He learned significant skills from Dan Cody. His spending a long time with Dan Cody taught him the manners and attitude of a decent, well behaved wealthy person.This can be seen in chapter 6 where Nick says that “gatsby was mate, skipper, secretary, even a jailor for Dan Cody...And it was from Cody…

In 1434, the Medici family gained control of the Republic of Florence. The family started solely as bankers. They gained power by financially supporting Pope John XXIII and continuing to serve as the direct bank of the Pope. The Medici family ruled Florence from 1434-1737 and are remembered for so many incredible Florentine successes. In the same era, Niccolo Machiavelli, an Italian philosopher, wrote a book entitled The Prince. This book set forth the most efficient way to gain and maintain…