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What is misappropriation of asset?
Misappropriation of assets is a type of fraud (usually committed by employees against their employers) that involves the employee's theft of the company's cash or other assets by deceitful means. For example, an employee who gets his hands on a signed company check might alter it to make it payable to cash. Or he might claim business-expense reimbursement for lunches or dinners that were not eligible for reimbursement. Misappropriation of assets is basically stealing through fraudulent means.
Are My Obligations Tax Deductible?
There might be tax advantages. Check out with your accountant or financial consultant.
Is there a patron saint for financial problems?
There is no designated patron saint of financial problems. However, St. Matthew is the patron saint of accountants and might be a good saint to pray to for this.
Is a credit score of 633 bad?
A credit score of 633 is generally considered fair, but it is on the lower end of the scale. While it may still allow you to qualify for some loans or credit cards, you might face higher interest rates and less favorable terms. Improving your score through responsible credit management can help you access better financial options in the future.
Which psychologist might work as a consultant for a large financial services company?
An industrial organizational psychologist
What other stakeholders might require financial information and why?
A stakeholder will require financial information to get an understanding of the performance of the organization. This record shows the assets owned, amounts owed, amounts invested in the organization and profitability to better manage the operations.
Why might the government freeze assets?
Why might the government freeze assets? To stop crime activity.
Based on the concept of big companies probably do not record all its assets as assets?
Big companies may not record all their assets on their balance sheets due to accounting principles and regulations that prioritize materiality and relevance. Intangible assets, like brand value or customer relationships, might not be fully recognized if they cannot be reliably measured. Additionally, some assets may be classified as off-balance-sheet items to optimize financial ratios or manage reported debt levels. This can lead to an understatement of a company's true asset value and financial health.
What does it mean when the ratio is greater than 1?
When a ratio is greater than 1, it indicates that the quantity in the numerator is larger than the quantity in the denominator. This suggests a favorable or positive condition, depending on the context. For instance, in financial metrics, a ratio greater than 1 might indicate profitability or more assets than liabilities. In other contexts, it can signify a majority or dominance of one element over another.
What finiancial skills might an employers I have or exhibit?
Employers may exhibit a range of financial skills, including budgeting and financial planning, which enable them to allocate resources effectively and manage expenses. They might also demonstrate analytical skills by interpreting financial data to make informed business decisions. Additionally, proficiency in financial forecasting and risk management can help them anticipate future trends and mitigate potential financial pitfalls. Lastly, strong negotiation skills can be essential in managing contracts and securing favorable terms with vendors or clients.
What is Financial Assets Designated as Fair value Through Profit and Loss?
It means that firms can choose to report some investments that might otherwise be classified as AFS or HTM to be treated TS at fair value. The unrealized and realized gain and loss on designated financial assets and liability will be recorded in the P/L. AFS: Available for sale HTM: Held to maturity TS: Trading security
How might changing one of the financial statements affect the other financial statements?
How might changing one of the financial statements affect the other financial statements?
What does cost recovery mean?
In basic terms, the phrase 'cost recovery' involves writing off of one's assets. One might best learn more about how to go about this process by discussing this with the local financial advisor.
Personal Financial Statement - Married?
Get StartedThe Personal Financial Statement can be used to organize information about the assets and liabilities of you and your spouse, and also to present information about your income and expenses. This statement can be useful if you are applying for credit and can either be used to present information to your lender or as an attachment to your credit application itself. Sometimes a financial statement is needed in working with a financial planner. You might also use it when preparing college financial aid documents for a child.
Personal Financial Statement for Single People?
Get StartedThe Personal Financial Statement can be used to organize information about your assets and liabilities, and also to present information about your income and expenses. This statement can be useful if you are applying for credit and can either be used to present information to your lender or as an attachment to your credit application itself. Sometimes a financial statement is needed in working with a financial planner. You might also use it when preparing college financial aid documents for a child.
What assets do you bring to the company?
When applying for a job, you might be asked what assets you bring to the company. You could talk about your skills and experience.
What is a large amount of money called?
A large amount of money is often referred to as a "fortune" or "wealth." In financial contexts, terms like "capital," "assets," or "liquid assets" may also be used to describe substantial sums. Informally, people might use phrases like "big bucks" or "a pile of cash" to denote a significant amount of money.
