Game of Intellect

Page no : 8

CA Naveen Kumar Agrawal (Chartered Accountant / MBA)   (939 Points)
Replied 09 July 2008

EDI:  “Electronic Data Interchange” is the use of communication between an entity and customers or suppliers to transact business electronically. Purchase, shipping, billing, cash receipt, and cash disbursements can be completed entirely by exchanging electronic messages.


CA Naveen Kumar Agrawal (Chartered Accountant / MBA)   (939 Points)
Replied 09 July 2008

Liquidity: The availability of cash or ability to obtain it quickly. Debt paying ability.


CA Annie (Chartered Accountant ) (747 Points)
Replied 10 July 2008

Learning Curve:

Basically, it is a curve describing the relationship between the consecutive number of units produced (x-axis) and the time per unit produced (y-axis). More specifically, it is based on the statistical findings that as the cumulative output doubles, the cumulative average labor input time required per unit will be reduced by some constant percentage, ranging between 10% and 40%. The curve is usually designated by its complement. For example, if the rate of reduction is 20%, the curve is referred to as an 80% learning curve.

 


CA Naveen Kumar Agrawal (Chartered Accountant / MBA)   (939 Points)
Replied 11 July 2008

EMI's : Equated (Equal) Monthly Instalments.

As its name suggests It is a mode of repayment of Loan in equal monthly instalments. where all instalments are of same amount. gap between two instalments is one month and bearing fixed rate of interest (on balancing amount).

here i m attaching a file to calculate EMI if Loan amount, rate of intt. & no of instalments are known.

it can also calculate Loan amount if instalment amount, rate of intt. & no of instalments are known.


Attached File : 34 emi calcu.xls downloaded: 249 times

CA Annie (Chartered Accountant ) (747 Points)
Replied 11 July 2008

Letter of representation:

Client's letter addressed to the auditor on the audit engagement. The letter states that the financial statements are the responsibility of management and that management's statements to the auditor during the audit process are true.



CA Naveen Kumar Agrawal (Chartered Accountant / MBA)   (939 Points)
Replied 11 July 2008

Employee Benefit Plan - Compensation arrangement, generally in writing, used by employers in addition to salary or wages. Some plans such as group term life insurance, medical insurance and qualified retirement plans are treated favorably under the tax law. Most common qualified retirement plans are: (1) defined benefit plans - a promise to pay participants specified benefits that are determinable and based on such factors as age, years of service, and compensation; or (2) defined contribution plans - provide an individual account for each participant and benefits based on items such as amounts contributed to the account by the employer and employee and investment experience. This type includes PROFIT-SHARING PLANS, EMPLOYEE STOCK OWNERSHIP PLANS and 401(k) PLANS.


CA Annie (Chartered Accountant ) (747 Points)
Replied 16 July 2008

Labor efficiency variance

It is the difference between the amount of labor time that should have been used and the labor that was actually used, multiplied by the standard rate.


CA Naveen Kumar Agrawal (Chartered Accountant / MBA)   (939 Points)
Replied 16 July 2008

Education Cess: it's Charged @ 2% on Total Tax & Surcharge (if any).

Now there is another Edu. Cess called Higher Education Cess which is charged @ 1% on Total Tax & Surcharge (if any).


Hitesh Garg (Profession) (0 Points)
Replied 18 July 2008

Hedging

Hedging is a mechanism in which the risks are mitigated through various financial instruments. For example for a manufacturing co., Commodity futures may be a good hedging tool.

Originally posted by :Vinod
" VALUE AT RISK
Value at risk models, widely used for Risk Management by Banks and other financial institutions, use complex computer algorithms to calculate the maximum that the institution could lose in a single day’s trading. These models seem to work well in normal conditions but not, alas, during financial crises, which is arguably when it is most necessary to know how much value is at Risk.
N.B. I hope u get that next term should start from 'D'
Coz, my name is VINOD.
 
"


 


CA Annie (Chartered Accountant ) (747 Points)
Replied 20 July 2008

Thats a mistake, u have to start with L



CA Naveen Kumar Agrawal (Chartered Accountant / MBA)   (939 Points)
Replied 21 July 2008

Ehhhh...! Annie what r u doing?. even u r breaking the rule to make others aware of it. u should make ur comment on hitesh's performance starting with "G" as i do in my reply.


CA Annie (Chartered Accountant ) (747 Points)
Replied 21 July 2008

(L)ets start again then.....
 
Lien

It is the right of a party, typically a creditor, to hold, keep possession of, or control the property of another to satisfy a debt, duty, or liability. A mortgage would create such a security interest or lien upon property in the event of default.


Aditi (Student) (54 Points)
Replied 27 July 2008

Euro Convertible Bonds

Euro Convertible Bond is an equity-linked debt security which can be converted into shares or into depository receipts.

These bonds carry a fixed rate of interest and if the issuer company so desires may also include a Call Option (where the issuer company has the option of calling/buying the bonds for redemption prior to the maturity date) or Put Option to put/sell his bonds to the issuer company at a pre-determined date and price)


rajni (article assistant PCC) (78 Points)
Replied 28 July 2008

 

LITIGATION

litigation means a lawsuit or legal action including all proceedings therein.



rajni (article assistant PCC) (78 Points)
Replied 28 July 2008

LITIGATION

litigation means a lawsuit or legal action including all proceeding therein.



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