Public finance

A common problem in the world of accounting is the differing set of standards, the U.S. GAAP and the IFRS. It causes both confusion and turmoil when the United States does business with foreign countries. That is why the IASB and FASB have been working towards converging in an attempt to have universal accounting standards. In the year 2002, the IFRS and the U.S. GAAP came to an agreement to officially begin the convergence process. This agreement was officially established in a Memorandum of…

Southridge Capital does not limit itself in providing financial solutions to clients but they have equally participated in both formal and informal philanthropy. Southridge Capital is aware of and nurtures its social responsibility. At Southridge, they believe in the principles of social responsibility, promote volunteer work, community leadership through which they improve and strengthen the Firm so as to give a positive impact on the communities and society as a whole. Stephen Hicks, CEO and…

After working on this project, I realized that I oversave. I'm not sure if that is possible but, I bought cheaper things in fear that I could get in debt but I ended up having half of my monthly savings left over. Afterwards, I figured out that I could’ve bought much better things. For example, getting a bigger apartment that wasn't in such a rough neighborhood or even just buying a home, maybe getting a new car, and putting more money into savings. Comparing this year’s project to last year's…

In chapter13 of The Blue Sweater, this was written by Jacqueline Novogratz, the one thing that caught mine attention was the founding of the acumen fund. Novogratz mentions, the acumen was founded on April 2001. Novogratz and her team members employed three legal expects which included Dan Toole their first COO, David Buxbaum their investment banker, and Nadege Joseph who became Novogratz’s assistant. Acumen fund was organized to eliminate the traditional aids giving by…

of opportunity cost. 3. What is the time value of money? The time value of money is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest,…

In the first week of doing stocks I started with American Express and bought all the stocks that I thought would gain the most money. All of those stocks included products that I knew would have good business and wouldn’t be likely to lose a major amount of money these stocks included Imax, Mcgraw, Microsoft, and took a chance with both Coach and Go pro. Go Pro was probably the worst one to pick as they lost a lot of money the first few weeks a lot more money than I thought they would. I also…

The stock Market is defined by The Economist Times as a place where shares of public listed companies are traded. This is the primary market where companies float shares to the general public at an initial public offering to raise capital (The Economist Times). According to the U.S. Securities and Exchange Commission, stocks are a type of security that give stockholders a share of ownership in a company. Investors buy stocks for different reasons but primarily because of capital appreciation,…

When the government gets into debt, it limits resources; and can no longer afford to pay for all services used by the public. For example, hospitals, roads, educations, care for the elderly, help for disabled people to find work and the vulnerable. To balance this out; the government makes cuts in various areas to help reduce debt. Moreover, they try to limit some resources in several services; although at the same time they help other services provide a better quality of care. However, when…

Introduction The managers of organizations use financial statements to keep track of the performances by reviewing what they are currently producing and what they have produced over an extended period of time. It is vital to these decision makers to have a clear picture of where their organization currently stands and have the ability to identify trends. This data will help create the properly constructed plans to help an organization grow as they will evaluate the strengths, weaknesses,…

Both of these regulatory legislations were extremely beneficial for the saving associations in the early 1980s. These pieces of legislation were enacted to minimize the net withdrawal flow of deposits from the institutions, which would help reduce the liquidity problem. For example, NOW accounts allowed for an unlimited amount of checks to be written to each deposit account, which allowed for cash to be more readily available. Thrifts were now able to make consumer and commercial loans to issue…