InstructionsIn not less than five sentences, explain ONE risk that a banking company is exposed to and how do they address this risk. Please provide a real life example (or company) tosupport your answer.

Answer:- Banking company meaning:- A banking company can be defined as a financial institution that…

Answered: Instructions In not less than five…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bank and investors are primary users of the management accounting Select one: True Falsel
Don't answer if you already answered this. If i see the same solutions, i'll downvote you. Follow the instructions. Typewritten for upvote. No upvote for handwritten. Thank you
Match definitions with vocabulary terms) Use theseterms to complete the statements that follow. You can use a term more than once or not at all.Bank reconciliation Firewall Misappropriation of assetsCash equivalents Fraud triangle Outstanding checkController Fraudulent financial reporting PhishingDeposits in transit Imprest system Remittance adviceFidelity bond Internal control Treasurerf. The_______________________ is responsible for the accounting systems in an organization
Bank soundness is the ability of a bank to carry out normal banking operations and is able to fulfill all its obligations properly and in accordance with applicable banking regulations. Banking activities consist of:1. Ability to manage funds2. Ability to channel funds to the community3. The ability to fulfill obligations to other parties4. Compliance with applicable regulations.Meanwhile, the definition of bank soundness is a form of qualitative assessment of various aspects that affect the condition or performance of a bank through quantitative and / or qualitative assessments of the factors of capital, asset quality, management, profitability, liquidity and sensitivity to market risk.Explain what you know about a bank's soundness rating factor!
Explain three types of good financial analysis that must be conducted by the credit officer in the bank while performing their periodic review against their business customer.
Consider the following statements. For each one of them state whether the statement is true or false and provide a brief explanation to support your answer. a) Financial accounting is targeted at external users while management accounting focuses on internal users. b) The trial balance is part of a company’s financial statements. c) Bank loans are always non-current liabilities. d) In accounting, revenues are recognised whenever there is a cash transfer. e) As understandability is one of the key characteristics of accounting according to the IASB conceptual framework, transactions that are too difficult should not be recognised in the accounts.
Banking may be subdivided into at least three categories of banks. Match the definitions with the appropriate name. 1. I. A bank that specializes in retail or consumer banking in a local market 2. II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services 3. III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities O Money center bank, super-regional bank; community bank O Super-regional bank, money center bank, community bank O Community bank; super-regional bank; money center bank Community bank; money center bank; super-regional bank Money center bank; community bank; super-regional bank
To minimize systemic risk in the banking system, which prudential measure has been put in place in the General Banking Law and the Manual of Regulations for Banks to safeguard them from too large a risk exposure to a particular borrower or corporate group?* Reserves Single Borrower's Limit DOSRI (directors, officers, stockholders and their related interests) Limit Equity Investment Limit Loan Loss provisioning
John Nowo has been a client of your firm for many years. Whilst preparing his account you become aware and concerned about sources of money into his bank account. You invited John to a meeting and the explanations that he provided were not satisfactory. Required: Can you explain the importance of the Code of Conduct in this specific situation.

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Instructions In not less than five sentences, explain ONE risk that a banking company is exposed to and how do they address this risk. Please provide a real life example (or company) to support your answer.