Whilst the professionals follow the code of conduct it reassures them that there making the correct decisions. The purpose of the code is to protect the public as it enables to professionals to understand what they need to do and allows the public to know what to expect from the organisation. The professionals should promote privacy by respecting the confidentiality of the service user. They should only disclose information in accordance with legislation and the policies. Within this code the support workers are made accountable the decisions they make.
ABS Financial Solutions is a provider of worldwide financial services to credit unions and their members. In order to gain the trust of the credit unions and their members that ABS wants to service, they need to follow certain U.S. Federal and State Compliance laws. These laws are put into place to protect the privacy, integrity, and confidentiality of individuals. The Gramm-Leach-Bliley Act (GLBA) says that financial institutions must protect any and all consumer information that is collected by the institution. Any company that offers their customers financial products and/or services; loans, financial advice, investment advice, or insurance need to explain to their customers how private and confidential information is shared.
This closeout would mean the company has complied with all the contractual requirements and the government has fulfilled its obligations. The Contract Administration Office of the company will insure the completion of all administration actions. During the closeout the company must obtain statements relate to the certifying the contractual requirements were compete, provide evidence the data was delivered, provide statements from Product Assurance that all deliveries were made and accepted; also check with the legal department and finance department for claims or litigation action operative or pending, “FAR 4.804 sets specific time periods for closing contracts. Timely closeout delegates excess funds and returns remaining funds for possible use elsewhere. It also minimizes the costs associated with administration and closeout processes.
Memorandum to the File Date: February 1, 2017 From: Mayra Ramirez Caicedo Re: The proper accounting treatment for investments debt and equity securities Facts Orange Corporation, our client, acquired four security investments during the year 2016. First, on January 1, 2016, Orange purchased a 35% interest in Canary, Inc. for $800,000 and it paid Orange a dividend of $60,000. The fair value of the interest was $1,000,000 at the end of the year. Second, on July 1, 2016, Orange acquired 5%, 10 year bonds of ABC, Inc. for $200,000 and received semiannually payments at the end of the year. The fair value of the bonds on December 31 was $204,000.
The final financial metric to look at is WACC. Before the debt leverage, Blaine’s WACC was only the cost of equity, as they had no debt. Cost of equity was calculated using the 10 year UST rate, 5.02%, because it is a good measurement of the risk free rate, plus the firm’s beta, 0.56, multiplied by the risk premium, which we concluded to be 5%. This gave Blaine, when unlevered, a WACC of 7.82%. When taking the $40 million debt and $100 million cash buyout of stocks into account, cost of debt is now a factor.
In making such an assessment, we must familiarize ourselves with the literature concerning said treatment. If this assessment shows a danger to the client, we are obligated to intervene, regardless of the potential damage to our professional relationships. However, if there appears to be no danger, Brodhead (2015) further advises translating the treatment into behavioural terminology and establishing whether use of the proposed treatment would negatively affect the client’s goals. If this is the case, the Checklist for Analyzing Proposed Treatments should be consulted before objecting to the treatment (Brodhead 2015). Following consultation, Brodhead (2015) states that our decision to intervene should be determined by the extent to which the treatment will negatively affect our client’s goals and the risk to our professional relationships.
It is very important that every business setting a comprehensive credit policy procedure. This policy must include ascertaining customer creditworthiness and establishing credit limits, payment terms, discounts offered, fees for late payment and action to be taken for overdue accounts. This control will help the business to minimise the overdue accounts and future bad debts. This solution of controlling overdue
The framework design for use in any type of business should include: A performance measurement matrix, performance measurement questionnaire, a performance pyramid system, and a balanced scorecard (Chalmeta, Palomera, & Mattila, 2012). However, a good job description can clearly explain the company’s expectations for the job performed which should include the company’s goals. Therefore, documentation must continuously be updated to reflect the current and future situations. The goals should be different from the previous times of implementing the performance management system with the focus being on fair results. However, It is critical to build a performance management process and system to reflect the culture of the organization.
If assesse acquired it for more than $10,000, is disregarded for only capital losses. If it is acquired for $10,000 or less, it is disregarded for both capital gains and capital losses. (b) (b) Functioning out Mr. Dave’s Net Capital Gain Capital Gains Tax of each asset should be calculated by Net Capital Gain formula given below: Net capital gain = Total capital profit for the current year Less: Total capital losses (including any net capital losses from previous years) 1) Generally, CGT is not an isolated tax. The net capital profits forms part of assesse assessable income in the year the CGT event occurred and is to be paid as a part of assesses income tax assessment for the respective income year. 2) As assets are often long term assesse needs to keep records safely and securely relating to purchase, conservation and enhancements.
The insured receives a contract which is called the insurance policy, it details with the conditions and circumstances under which the insured will be financially compensated. WHY DO WE NEED INSURANCE? Insurance is a risk managing process. When we buy insurance then we transfer the cost of a potential loss to the insurance company in