Bank

b. List three differences you found between the accounts and features this bank or credit union offers and the bank from question 1 above. (1-3 sentences. 1.0 points)

The community of Bankhead, Census Tract 85, is located on the west side of downtown Atlanta with surrounding areas such as The Bluff and counties like Rockdale, right outside of Fulton County. Its’ industrial area gets its’ name from the formerly named highway that used to be a way to The neighborhood is encapsulated street boundaries like Grove Park towards the West, Washington Park and Hunter Hills are located down towards the Southern region of the community. The community adjacent is called The Bluffs is known as English Avenue and Vine City. The community is in council district three and nine, and the area is considered metropolitan. The area codes common in this metropolis area are 30314 and 30318.

This paper will show the situational analysis of commonwealth bank, it also analysed the organisational structure and its strategies. Because every business needs to take some action that will help them keep a good position in the market, but before taken any action they have to do some research the find to cause of problem in order to identify the resolution. The results and useful information during this analysis will help the organisation to choose suitable strategies, develop that management strategies and improving the service operation, which is going to help them achieve their objectives. At the beginning it will be presented brief history of commonwealth bank and following by their operational service, problems

• It is discovered that $10,000 cash received during the year and credited to sales are actually related to services to be delivered in July 2014. • $5,000 of wages relating to June 2014 have not been paid and need to be accrued. Part A (12 Marks) Prepare journal entries for the necessary end of period adjustments. Debit Credit

Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 646,339 558,851

I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course.

Holding the cash receipts book open to overstate the cash balance is a fraudulent, misleading, and an unethical activity. The financial vice president ought to not encourage that behavior and the controller ought to not be constrained to take after those instructions. The periodicity concept of bookkeeping states there should be consistency in closing the books of accounts. The receipts of September 1st or September 2nd cannot be included in adjusting for August 30th. It leads to total errors willfully done to compensate each of the prior errors. Willful errors

Checking financial statement can contain the big business accounts, student accounts and combined accounts, all along with the various other varieties of accounts that propose related to the features. In exchange for liquidity, checking financial statement are normally do not provided a high concern

Briefly explain the rise and fall of LTCM. What was the moral hazard issue the fed was worried about? How did they try and get around the moral hazard issue? What specifically was the Fed's role in the bailout? What roles specifically did Bear play and not play in the LTCM's life and death?

The Century National Bank has offices in several cities in the Midwest and the southeastern part of the United States. Mr. Dan Selig, president and CEO, would like to know the characteristics of his checking account customers. What is the balance of a typical customer? How many other bank services do the checking account customers use? Do the customers use the ATM service and, if so, how often? What about debt cards? Who uses them, and how are they used?

Banking is an old aged idea. It was around in the ancient Mesopotamia era. Martin A. Armstrong states, Mesopotamia illustrated all the modern practices such as, deposits, interests, loans, and letters of credit.” Armstrong also mentions how the ancient Egyptians showed signs of the banking. To quote Armstrong, “Egyptian sources also show that a vibrant banking industry emerged whereby the state provided warehouses in which farmers deposited their grain. In turn, the farmer would receive a “deposit receipt” reflecting how much wealth was held by the bank in question. Such written receipts eventually became used as a general method of making payment of debts to third parties during the Ptolemy era including trade, taxes and donations to the gods.” These banking ideas can be linked to money and how money has changed the power of people and countries. It can be proven throughout the history of that money, power, and banks are directly related. The banks and money relate to power because the more economic strength a country has the more they can do military wise. It can also be proved over time that money and power create issues that can be counterproductive to society.

The term ‘zombie bank’ was first introduced by Edward Kane in 1987 to describe a bank that has a negative net worth but still continues to operate. A negative net worth means that the fair value of assets is lower than the total value of liabilities. Zombie banks usually have large amounts of non-performing assets on their balance sheets making them unprofitable. A loan is considered to be a non-performing asset if no principal payments or interest have been paid for 90 days and is therefore seen to be in jeopardy of default. The fair value of an asset that is considered non-performing is considerably reduced. Zombie banks usually continue to operate until their financial situation is resolved or they are run

Would anyone rob a bank if they knew there were armed civilians inside. Let’s say, on a Friday night right before closing, a vehicle flies up to the bank barely stopping before two individuals jump out wielding long guns. They quickly scurry into the bank, immediately taking control away from every person inside. From this point on the people on the inside of the bank are at the mercy of those two criminals. Defenseless people, another story in the Sunday paper that is painful to read because its preventable. Now lets add a few people that exercise their right to bear arms in public. That vehicle might not show up, no Sunday article, and most importantly everyone goes home. Those people inside that bank are safer having protection at

The case, ‘Santander Acquires Abbey: The Jack Project’, applies a general strategic management focus to an analysis of the ‘Jack Project’, the Spanish banking group’s IT centric project to acquire Abbey. The case focuses on Jose´ Marı´a Fuster, chief information officer (CIO) and his perspective in leveraging IT to integrate Abbey. The following issues are explored: (1) the value of IT; (2) the generation of synergies in M&A; and (3) the prioritisation of IT-related options comparing two different realities. At the end of the case, students will examine how Parteno´ n, Grupo Santander’s core IT system, leveraged this acquisition and made an impact on the bank’s long-term market position.

Basel III consists of a comprehensive set of reform measures intended to improve the regulation, supervision and risk management of the banking sector (APRA 2013). Being developed mainly in response to the credit crisis of 2007, it requires banks to maintain adequate leverage ratios and meet certain capital requirements. Basel III builds on the basis of previous Basel I and Basel II and is aimed at improving the banking sector’s ability to deal with financial stress and turmoil, strengthen the banking sectors transparency and improve risk management (Investopedia 2015).