Financial and Industry
Tags :
Global economy, environment effect
Industry :
FMCG/Foods/Beverage
Functional Area : Performance |
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About "Financial and Industry" topic:
Impact of external unpredictable environmental changes on business and industry economics
2 insight
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Swine flu impacts global economy By Mike Stones, 28-Apr-2009 Related topics: Financial Industry The virus is now so widespread, the focus should switch from containing it to mitigating its impact, said Dr Chan. Yesterday the organization raised the level of influenza pandemic alert from Phase Three to Phase Four; indicating that the likelihood of a pandemic has increased, but was not inevitable. Meanwhile, in New York trading yesterday shares in Smithfield Foods, the world’s largest pork processor and Tyson Foods fell on fears that the outbreak will lead consumers to shun pork products. Smithfield shares fell by $1.28, or 12 per cent, to $9.04 and Tyson dipped 97 cents, or 8.9 percen...
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Ahmed Sultan
| Commented
| 4 years ago
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The newly spread flu virus (A-H1N1) will have a negative impact on the world economy. It seems that the current economic suffering is not enough.
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Insight: "Swine flu impacts global economy" deleted from your view.
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The day before yesterday, There was a press release by our company(IRIS Business Services Pvt Ltd) titled 'Sorry wrong number: Study finds financial results of 209 listed Indian companies don’t add up' The report includes findings from the XBRL based data base, which we at IRIS, have created of about 1000 odd listed company, Which includes financial statements schedules to financial statements of the companies. The findings were astounding. There were as much as 209 companies whose numbers dint add up. i.e. in other words, there were calculation discrepancies in 'Audited' financial statements of the companies. For one of the company, there was an error of as much as Rs.216 Cro...
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sowmya
| Commented
| 3 years ago
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Yep.. There cannot be calculation inconsistencies in Audited Financial statements.
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punya
| Commented
| 3 years ago
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Thanks Mathew. That is true, that it may not be understood properly, it cannot be called a fraud. But the ultimate objective of reporting financial statements is lost. Assets = Capital + Liabilities The errors cannot be expected. That too from...
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Mathew Cherian
| Commented
| 4 years ago
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Sometimes companies create 'provisions' and 'reserves' for major losses. This might turn up a discrepency in the statement if not properly understood or entered.
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Insight: "Calculation inconsistencies in financial reporting by Companies" deleted from your view.
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Yes
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No
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Narinder Pal Singh
| Argues in support of
"No"
| 3 years ago
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I agree with Soma. Not always we can assure of "No fire" in oil depot. We can only do preventive measures. Oil related fire accidents are common across the world. Then why only to blame india of not being able to control these cases...
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Sachin Majarikar
| Argues in support of
"Yes"
| 3 years ago
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yes,complacancy has been in the blood of indians and we should take lessons from the incident that happen. "everyone is accountable " when this will be embarked in each and every citizen of our country then n then only we can prosper and stay safe.
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Soma Gupta
| Argues in support of
"No"
| 3 years ago
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I do not agree with this point. Fire accident is a very common possibility in oil related areas so what is so astonishing if this accident broke out in an oil fuel depot. Prevention in these cases is not 100 % guaranteed but measures to me taken...
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Debate: "Are Industries too Complacent on Safety Norms" deleted from your view.
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3 comments,
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In world of financial engineering , I have this information to share with you . Well the financial risks could be averted by adopting these measures . Have a look at these measures and you will know ..... The concept of livelihood insurance, where contracts will protect individuals from long-term economic risks such as the loss of a paycheck or the depreciation of one's home value. The concept of what he terms "macro markets" - where individuals, corporations, and governments alike can trade or hedge risks associated with the fluctuations in GDP or national incomes. The concept of income-linked loans - where lenders will make loans to governments, corporations or individuals whose repayment terms are tied to the incomes of these entities. Such repayment terms could be a certain percentage of one's income, which would cause the outstanding balance to decline if income levels decline. This would reduce the change of bankruptcies but will also alleviate our fears of taking more risks...
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Neural networks in financial engineering Neural networks have shown considerable successes in modeling financial data series. However, a major weakness of neural modeling is the lack of established procedures for performing tests for misspecified models, and tests of statistical significance for the various parameters that have been estimated. This is a serious disadvantage in applications where there is a strong culture for testing not only the predictive power of a model or the sensitivity of the dependent variable to changes in the inputs but also the statistical significance of the finding at a specified level of confidence. Rarely is this more important than in the case of financial engineering, where the data generating processes are dominantly stochastic and only partially deterministic. Partly a tutorial, partly a review, this paper describes a collection of typical applications in options pricing, cointegration, the term structure of interest rates and models of...
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Activity:
4 referals
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2 comments,
419 views
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Financial engineering has provided innumerable lucrative opportunities for otherwise indigent mathematicians Nevertheless the turbulence in the bond markets in the last couple of months, at a time when the world economy’s prospects seemed set fair, have exposed a guilty secret of the financial engineering profession: its methods don’t work. First area of failure is liquidity. Theoretically, if financial engineers design ever fancier artificial securities and derivatives, but everybody uses the same mathematical models to value them, there is no reason why an active market should not operate in the securities, at whatever price the models direct. In practice this only works in calm markets. In times of market turbulence, when doubts arise about either the mathematical models themselves or the underlying assets from which value is derived, the true value of these artificial assets becomes thoroughly unclear. Buyers assess their value at the lowest possible level, and refuse to...
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Activity:
29 referals
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6 comments,
761 views
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The Chartered Accountants have engaged themselves in the audit of Insurance Companies since long. With the transition in the insurance sector, the horizons for their contribution have broadened. There has, emerged a king-size pool of opportunities that the Chartered Accountants can explore and apply their professional wisdom and experience to. The structure of an insurance company, generally, comprises the Operating Department, Administrative Department and the Finance Department. The Operating Department generally performs the basic functions pertaining to the designing of products, marketing thereof, servicing the insured, management of portfolio, etc. The Administrative Department looks after the day to day affairs of the company. The Finance Department backs the operations and administration of the company by accounting for the transactions, streamlining the flow of funds, materializing the management decisions, etc. The Administration Department as well as the Finance...
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