Complete Report on Askari Commercial Bank
TABLE OF CONTENTS SECTION 1 Introduction 1 SECTION 2 Vision 2 Mission 2 Objectives 3 Strategic Planning 4 Business Ethics & Conduct 5 Inspiring Relationships 7 Nation-Wide Distribution 10 Corporate Information 11 Awards and Achievements 12 Corporate Citizenship 14 SECTION 3 Organizational Structure 15 * Organizational Structure Of Head Office 16 * Hierarchy In Bahawalpur Branch 18 SECTION 4 Groups and Divisions 19 . Operations And Credit Group 19 2. Corporate Banking Group 21 3. Retail Banking Group 23 Products of ACBL 27 SECTION 5 Departments of ACBL 29 . General Banking i. Account Opening 29 ii. Bills And Remittances 38 iii. Deposit Department 43 iv. Cash Department 48 2. Credits And Advances Department 51 3. Foreign Exchange 68 Online Banking 81 Internet Banking 82 SECTION 6 Summarized Performance 88 A Decade of Performance 90 SECTION 7 Financial Analysis 94 SECTION 8 SWOT Analysis 106 SECTION 9 Suggestions 112 Conclusion 113 Future Out Look 114 SECTION 10 Annexure INTRODUCTION Askari bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced its operations on April 1,
This report has been produced as evidence for Unit 9 - 'Financial Services' - as part of a Vocational A' level in Business Studies.
Financial Services Terms of Reference This report has been produced as evidence for Unit 9 - 'Financial Services' - as part of a Vocational A' level in Business Studies. To: Peter From: Andrew Braganca Subject: Unit 14 Financial services Date: Synopsis: This report breaks down and examines the financial services needed; I will be looking at three different customers types of financial needs. .0 I will look and analyse the financial needs of the following customers: * A- Jamie McPherson, first-time home buyer * B- Paul and Anna Day, a couple with children * C- TBI engineering, a business customer 2.0 Case study A I will now look at the personal customers, the first customer I will look at Jamie McPherson the financial need are the following: * Mortgage * Insurance * Bank account * Credit card * Shares * Saving * Pension I will now look at the following mortgages available. 2.1 There are two main types of mortgage - interest only and repayment - and there are advantages and disadvantages in each one. It is advisable to research the subject carefully and seek appropriate financial advice before deciding which policy you prefer. A mortgage is a long-term commitment - often 25 years or more - so get the right mortgage to suit you. It can save thousands. Interest-only mortgages allow you pay the interest due to your mortgage lender every month.
Responsible accounting is the ability to conduct business in a way that is not harmful and which positively benefits as many people as possible and themselves.
Responsible accounting By Robert Burton Responsible accounting is the ability to conduct business in a way that is not harmful and which positively benefits as many people as possible and themselves. Although this sounds simple, it is easier said than done! As there will always be a conflict of interest between various groups of people. Any decisions made by businesses need to be made with an informed awareness of the specific situation and then act according to some sort of accounting standard. If you adhere to those standards you will become an responsible account, but doing the right thing is not as straightforward as explained in many accounting books. Most accounting dilemmas in the workplace are not simply a matter of Should she steal from him? or Should he lie to his boss? Businesses cannot function without accounts being responsible. GAAP dictates a set of rules and conformities to allow all businesses strive after common goals it means that these goals can only be achieved on the basis of standards. Businesses in general are working on the basis of an ethics that settles different interests. The standards within companies can be characterized as mutual respect. In this respect it is in everyone's interest, and is considering people as an end in themselves, not as a means. This responsibility is passed down and filtered to a group of accounts who maintain the
Identifying and describing the main financial service needs for a student starting at university
UNIT 14 FINANCIAL SERVICES Produced By A.Akil IDENTIFYING AND DESCRIBING THE MAIN FINANCIAL SERVICE NEEDS FOR A STUDENT STARTING AT UNIVERSITY One of the most important steps in life as a student is when starting University. A lot of investigating, research, planning and organising is needed to achieve the best option, including financial needs. Here is a list on what the student may need. > Currents Accounts > Savings Account > Credit Card > Student Loan > Overdraft Facilities > Parental Contribution > Contents (chattels) insurance Current Accounts There are a variety of banks and building societies that offer current accounts, but not all are specifically for students. The Halifax Student Current account offers all the benefits of a Halifax Current Account, but with special overdraft terms. During the first year with Halifax, the students can apply at any branch for an interest free overdraft of up to £750, increasing to £1,000 in the second year and £1,250 in the third. They give a credit interest of 3.00% gross on the account without the need to make a monthly credit of £1.000 to benefit from the full interest as a normal current account holder. A minimum of £50 is required to open the account. If you pay £1,000 or more into your Current Account per month* If you pay less than £1,000 a month into your Current Account per month 3.04% AER (3%
Management Accounting Report.
MANAGEMENT ACCOUNTING REPORT 3 INTRODUCTION 3 . BREAK-EVEN 4 INTRODUCTION (BREAK-EVEN) 4 METHOD OF INVESTIGATION (BREAK-EVEN) 4 FINDINGS (BREAK-EVEN) 4 SUMMARY (BREAK-EVEN) 8 RECOMMENDATION (BREAK-EVEN) 8 2. MARGINAL COSTING 8 INTRODUCTION (MARGINAL COSTING) 8 METHOD OF INVESTIGATION (MARGINAL COSTING) 9 DESCRIPTION 9 FINDINGS (MARGINAL COSTING) 9 SUMMARY (MARGINAL COSTING) 11 RECOMMENDATION (MARGINAL COSTING) 11 2.1. PART TWO OF MARGINAL COSTING 12 INTRODUCTION (PART TWO OF MARGINAL COSTING) 12 METHOD OF INVESTIGATION (PART TWO OF MARGINAL COSTING) 12 FINDINGS (PART TWO OF MARGINAL COSTING) 12 GROSS PROFIT 12 NET PROFIT 12 CONCLUSION (PART TWO OF MARGINAL COSTING) 13 RECOMMENDATION (PART TWO OF MARGINAL COSTING) 13 3. INVESTMENT APPRAISAL 14 INTRODUCTION (INVESTMENT APPRAISAL) 14 METHOD OF INVESTIGATION (INVESTMENT APPRAISAL) 15 FINDINGS (INVESTMENT APPRAISAL) 15 CONCLUSION (INVESTMENT APPRAISAL) 17 RECOMMENDATION (INVESTMENT APPRAISAL) 18 4. BUDGETARY CONTROL 19 INTRODUCTION (BUDGETARY CONTROL) 19 METHOD (BUDGETARY CONTROL) 19 FINDING (BUDGETARY CONTROL) 19 CONCLUSION (BUDGETARY CONTROL) 25 RECOMMENDATION (BUDGETARY CONTROL) 26 4.1 BUDGETARY CONTROL PART B 27 INTRODUCTION (BUDGETARY CONTROL PART B) 27 METHOD (BUDGETARY CONTROL PART B) 27 FINDINGS (BUDGETARY CONTROL PART B) 27 CONCLUSION (BUDGETARY CONTROL PART B) 30 RECOMMENDATION
Financial Services
Financial Services Introduction to Financial Services .0Financial Services is a growing industry, which provides for the financial needs of individual consumers and businesses. This unit explores the needs of and products available for both the consumers and businesses. The term financial service covers a wide range of products including accounts for depositing money, loans, savings and investments, pension and financial advice. Financial Services for individual consumers are available from banks, building societies and also from organizations such as supermarkets and insurance companies, over the counter, by telephone or over the Internet. Businesses have financial needs when they start up, expand and carry on day-to-day business activities. These needs include financing, insurance, bookkeeping, payment services, investment and general financial advice. A variety of financial institutions can provide these services banks, insurance and investment companies and firms of accountants. In this assignment I will produce a report which analyses the financial needs of three different types of customers and investigate the ways in which these needs can be satisfied by a range of financial service providers. Two of the customers are personal customers of contrasting types. In this case I will be talking about a graduate from university and parents of two children. I will estimate
The Purpose of Keeping Accurate Accounts
The Purpose of Keeping Accurate Accounts It is important for a business to create and maintain accurate financial records and to know about the different users of financial information. Every business has to meet internal and external reporting requirements to show its financial health and to meet legal and other requirements. The reasons why businesses therefore keep accurate records are: Assessing its financial position - businesses assess their financial position every year so they know the business is making efficient use of resources to provide the necessary financial return to achieve a profit or suffered a loss, they do this through analysing the cash flow, profit and loss account, and balance sheet. Businesses can find out if it as the ability to generate cash to ensure continued trading and to make dividend payments. This can be done by using figures from the profit/loss account and balance sheet to work out appropriate ratio such as acid test ratio which shows the liquidity of the business. Compare the company's performance with previous years - this can show businesses their future prospects and predict future trends to show profit and loss. Good records provide the financial data that help you operate more efficiently, thus increasing the profitability of your enterprise. This is because accurate and complete records enable you, or your accountant, to
Costs, Profits and Break-even Analysis.
Costs, Profits and Break-even Analysis Alas, this means coming to terms with numbers, something that seems to frighten a large proportion of Business Studies students. Before reaching the stage of actually drawing a break-even diagram we need to think what actually goes into one. First, we need to look at costs. They can be referred to in terms of output, time or product. When we speak of costs in terms of output and time we mean FIXED and VARIABLE costs. Remember fixed costs do not vary with output, whilst variable do. The TOTAL costs of a firm are its fixed and variable costs added together. We also need to remember that we borrow something from economists when we introduce time to the calculation. By this I mean the dreaded long and short run. Remember that in the short run the scale of the operation cannot be changed and any expansion in output has to come from what spare capacity may be available. In the long run the entire scale of the operation can be altered. Quite literally the company can open a new factory to meet the increase in demand for its products. When looking at the actual product we need to remember that the costs we must now calculate are the DIRECT and INDIRECT costs. Some people prefer to call indirect costs overheads. Direct costs involve all the costs that can be directly related to the product or service. An example of this would be the materials
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Business studies coursework- part 5 FINANCE Finance: involves discipline concerned with determining value and making decisions. The finance function allocates resources, including the acquiring, investing, and managing of resources. Finance is to do with all the money matters connected to my business, it is mainly associated with your assets and it includes the management of the incoming cash in my business. So far I have made several decisions about the main business idea, market research to tell me what the customers what, marketing to get my voice to the public, human resource to employee my staff members and now in this part of the casework I am going to look at how I will gather the money I need to start up my business. Looking in to start-up costs, fixed cost and variable costs to find out what my break- even point is where I am not making a lose or a profit in my business. Finance deals with matters related to money and the markets. In this part of the coursework, I will be calculating all the start up costs, fixed costs and variable costs (I will be explaining more about these cost below) for my business and finding out different ways in witch I can finance my money to meet my requirements of the start up costs. I will need to make sure I have the appropriate stock and service in my business as well as high quality of equipments. Financing my business will help me
Project DR: Manufacturing Division
Project DR: Manufacturing Division Anita Maikaprophit (owner and CEO) and Maurice "Mo" Moni (President) of Diversified Resources (DR) enlisted the help of Learning Team A (LTA) to evaluate the Manufacturing division and its products. This analysis would include giving recommendations for growth, as well as provide focus for the future. This project entailed four milestones, all of which provide a framework for the company's analysis, and a basis for the recommendations to senior management detailed in the conclusion section of this report. The financial details for the analysis are shown in the attached spreadsheet exhibits. Company Overview Diversified Resources (DR) initial start of the business focused on providing Tax Tables and Technical Bulletins to customers through its Customer Research (CR) division. In later years, with new owners and management, the company reorganized into three divisions: Manufacturing, Services, and Merchandising. The company began to offer a significant amount of training courses, which focused on basic Cost Accounting and Bookkeeping Practices. The training was so successful, that DR began to sell Audio Taped Sessions of its courses and Videotaped Training Sessions. This led to the possibility of offering Consulting Services on specific issues. Continued student observance led to embossed notepads, private-label accounting wear,
