Accounting Analysis of the 2011 Annual Report for Bank of Queensland Limited

The entries required to recognise the deferred tax which is included in the profit or loss for the period.

cognizant of the fact that the choices he makes can affect the price a buyer pays

As noted in Wikipedia Oracle is headquartered in Redwood, California. It was founded in 1977 and is the world's third largest soft wear developer in sales. According to Yahoo Finance Oracle is a multi-faceted operation. Oracle provides a vast amount of services for the internet and computer. It provides cloud applications, IT consulting services, licenses middleware software which includes database and database management. It has 115,000 full time employees and is run by co-founder, CEO Larry Ellison who has been the only CEO of the company since it's inception. Also noted in Wikipedia he is the top paid CEO in the world. In 2013 Oracle

Retail banking has inherent advantages outweighing certain disadvantages. Advantages are analyzed from the resource angle and asset angle.

Accounting Standard AASB 116: Property Plant and Equipment (Australian Accounting Standards Board) states, expenditure is entered into the comprehensive income statement only when the given conditions are met.

The bank manages its non-deposit liabilities on the options open for investors are the public’s demand for deposits supplies of raw material intended for lending, investing and profits these institutions earn such as standby credit letters and credit guarantees are sold to acquire customer fees and loans remain securitized or vended to entice new funds appropriate towards generating innovative finances. The bank main uses of customers’ funds are utilized for cash to satisfy reserve requirements enforced

9. Which of the following actions is least likely to increase a company’s accounts receivable turnover?

A bank 's capital can be defined as shareholder equity, retained earnings and reserves, or bank 's own funds, and together with bank 's liabilities, or borrowed funds they provide funding for bank 's assets. This includes financial, tangible and intangible assets. Due to the nature of business most of bank 's assets are secured and unsecured loans to individuals and businesses and lending in the wholesale market. Whether it is a secured or unsecured loan, there is always a risk, known as the credit risk that the borrower will not be able to repay the amount borrowed, which can cause losses to the bank. The main characteristic of capital is the ability to

Bond amortization increases Interest Expense and decreases Bond Discount. Interest Expense account is recognizing as a non-operating expense instead of a capital expense. Thus, the account is recorded in Income Statement while the dual entry for the transaction which is Bond Discount will be recorded under non-current liabilities in Balance Sheet.

This study presents a comprehensive assessment of the balance sheet in commercial, insurance and investment institutions. The balance sheet is the list of a bank’s assets and liabilities. It provides information to investors about the firm’s financial position, performance and changes in financial position (Orens, & Lybaert, 2010). Banks are required under the Basel II Accord to come up with data inferring their level of exposure to risk and by those figures a minimum capital requirement is assigned (Basel Committee, 2006). The Basel II Accord is a cornerstone of a formal quantitative framework of risk management (Basel Committee, 2006). It is a standardized new requirement for financial institutions to retain a minimum level of capital to guarantee that obligations are met (Basel Committee, 2006).

Larger banks specialize in customer deposits due to the larger availability of liquidity present as a result of economies of scale and synergy; small banks tend to specialize in customer loans. To fund these operations, small banks have a great level of liabilities relative

With the increasing competition on the balance sheet both between banks and from non-banks financial institutions, banks have diversified their product into non-intermediary financial services as a result. One of the results of this has been the remarkable growth in the percentage of off-balance-sheet (henceforth OBS) activities. Generally, OBS item refers to an asset or debt that does not appear on the banks’ balance sheet, e.g. standby letters of credit, currency and interest rate swaps etc. In the last two decades, with the deregulation of the financial markets and improvement in financial innovations, banks are encouraged to offer new financial products and services to increase their profit (Jurman, 2005). Actually, decreasing profitability of traditional banking and increasing competitiveness of markets force banks to undertake OBS activities. Therefore, banks have expanded OBS activities dramatically, not only on the volume of ‘traditional’ OBS items, but also the use of risky innovations (Khambata and Hirche, 2002). The data of European commercial banks shows, the OBS activities increased from less than 50% of total outstanding loans in the early 1990s to 150% of loans in the early 2000s. A similar trend has also occurred among commercial banks in the United States (Bos and Kolari, 2013). Specifically, on the one hand, as we can see from table 1, the share of OBS activities have been growing dramatically among sample developed markets’ banking industry. On the other

According to Black (2009: 2), accounting can be defined simply as the recording, summarizing and interpretation of financial information. A more detailed definition is that offered by the American Accounting Association (1966), as follows: ’The process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information’. This means that, in terms of identifying, this should focus on the key financial segment of an organization, like liabilities, assets and capital. Measuring, on the other hand, refers to the budget of the company and it shows a true and fair view of the organization. Next, communicating refers to the financial information which is transmitted to the people who need this information.

The banking industry has experienced the rapid development during last decade. The development of banking industry can be seen from the large number of bank mergers and the increasing of average size of banks and the area over which they operate. However, the banking is passing through a period of substantial structural change under the combined and inter-related pressures of eight key areas in banking industry:

Department of Accounting and Finance Faculty of Management and Economics Universiti Malaysia Terengganu 21030 Kuala Terengganu, Malaysia