Fdic accounting - Study guides, Class notes & Summaries

FDIC Accounting Exam 1, Chapters 1-3 with complete solution

Busi 408 at UNC Chapel Hill's Kenan-Flagler Business School is taught by professor Chip Snively and Melissa Hart. This study guide contains the FULL PACKAGE for everything you need to know, including all class notes, midterm preparation (x2), final exam preparation, and notes from the textbook. It is crucial you do well in this course at it is the prerequisite for most other courses in the Business School, and corporate finance is the basic building block for your future career. Companies and b...

Assessment - ANSWER-The owner's financial obligation to the community association during a given period of time—usually one year. It covers the owner's share of the common expense, also known as "common expense liabilities" in some states. Baseline funding - ANSWER-The goal of this funding strategy is to keep the reserve cash balance above zero. Chart of accounts - ANSWER-An organized list of titles, descriptions and assigned numbers of all accounts in an organization's general ledg...

capital asset - answer--almost everything you own or use for personal or investment purposes --your home --your car --investment like stocks, bonds, and mutual funds --ownership interest in small business you started --rental or other real estate you own basis - answer-the price you pay, when you buy a capital asset capital gain - answer-if you sell the asset for more than you paid for it capital loss - answer-if you sell the asset for less than what you paid for it break even ...

Security Analysis & Portfolio Management questions answers with compete answers Real Assets Used to produce goods and services: Property, plants and equipment, human capital, etc. Financial Assets Claims on real assets or income generated by them. It is the _ALLOCATION_ of income or wealth among investors: Cash, stocks, bonds...etc... This course is on Financial Assets •Performance of financial assets depends on underlying real assets All Financial Assets (owner of the clai...

California State NMLS Practice Test Graded A+, 2022/2023 Document Content and Description Below California State NMLS Practice Test Graded A+ "Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System , and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C D. A borrower approaches a lender to refinance their existing negative a...

when one part to a transaction knows more than another, the situation is one of - -asymmetric information -when people or firms that are worse than average risks are most likely to enter a contract that is offered to everyone, the problem is called - -adverse selection -a bank offers credit cards with a 25% interest rate, when its competitors' cards have just a 15% interest rate. despite the high rate, the bank finds itself losing money because many of its customers fail to repay the bala...

FDIC Accounting Exam 1, Chapters 1-3 QUESTIONS and ANSWERS

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

Ethical decision-making model Step 1 Recognize the ethical issue Step 2 Gather critical facts Step 3 Identify Stakeholders Step 4 Consider Alternatives Step 5 Consider the effect of Stakeholders Step 6 Consider your comfort level Step 7 Consider rules, regulations, and laws Step 8 Make a decision Step 9 Document efforts Step 10 Evaluate the outcome The accounting profession 1. In Public Practice-public accounting practice 2. In Business-not for profit or ...