G20 offers no magic bullet to fix financial crisis
G20 leaders cannot solve all of the world’s economic woes on April 2, no matter how high British Prime Minister Gordon Brown builds expectations for a landmark financial summit that he will host in London.
As Angel Gurria, head of the Organization for Economic Co-operation and Development, describes it: “There is no ‘open sesame’. We’re not talking about pulling rabbits out of hats.” Read more
Salmond defends Scottish banking
Scotland’s first minister has defended Scottish financial institutions, saying they are not “uniquely responsible” for the current economic crisis. Read more
ICAI Council Clears Two More Auditing Standards to Enhance Quality of Audits
ICAI Council Clears Two More Auditing Standards to Enhance Quality of Audits
The Council of the Institute of Chartered Accountants of India at its 286th meeting held on March 8, 2009 cleared two more Standards on Auditing (SAs), i.e., Revised SA 500, Audit Evidence and SA 720, The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements in the direction of enhancing the quality of audits. Read more
Satyam scam: The mega corporate fraud
Ramalinga Raju and his brother Rama Raju, accused of committing a Rs40 billion fraud that threaten to shake the very foundation of Satyam Computers, are in jail. The government had appointed Tarun Das, T N Manoharan and S Balkrishna Mainak, on Satyam’s board, which already had Deepak Parekh, Kiran Karnik and C Achuthan.
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Types Of Loans and What You Know About this
Two types: short-term loans are those which are payable within a short duration of time (within one or two months), long-term loans are those which are payable after years. Personal Loans: loans which are required by clients for their personal use.
Why to have financial planning?
Finance term is widely recognized as a very powerful department in any organization or at your home. Every country establishes his financial operations to make his countries financial infrastructure more stable. It lets the financial adviser of any organization to see whether the organization is in loss or in profit. And financial planning plays a vital role for making our future secured. The plans which we make, effects us and our future. It is a way of depicting our daily needs and also our money matter according to that need. This helps to evaluate the expenses and losses with gains (if any) and avoid Bankruptcy. Read more
Loans Deals with Financial Problems
Government has made a very important financial dealing by creating LOANS. Loans basically are the debts which one has to pay after the time period of the Loan has finished. The borrower takes the money from the lender (can be any organization or any bank) which they pay, and a genuine loan interest has to be paid by the borrower. Read more
About Finance
Filed under: Accounting and Auditing, Bankruptcy, Debt Consolidation, Insurance, Investing, Loans, Mortgages, Mutual Funds
Finance is the most important part of business. It is used by governments, by businesses, or by individuals and a wide variety of organizations including non-profit organizations and schools. The activity of finance is the application of a set of techniques that is individuals and organizations used to manage their money.