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| | Financial managers |
 | | For example, government financial managers must be experts on the government appropriations and budgeting processes, whereas healthcare financial managers must be knowledgeable about issues surrounding healthcare financing. | | | Financial managers also will be needed to handle mergers and acquisitions, raise capital, and assess global financial transactions. | | | Financial managers combine formal education with experience in one or more areas of finance, such as asset management, lending, credit operations, securities investment, or insurance risk and loss control. |
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http://www.bls.gov/oco/ocos010.htm
(2245 words)
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| | United Nations Statistics Division - National Accounts |
| | When a financial transaction involves a new issue of liabilities, the transaction should be recorded by both creditor and debtor at the amount of the liability incurred, i.e., exclusive of any fees, commissions, etc., and also exclusive of any prepaid interest that may be included in the price. | | | Transactions in financial assets are recorded at the prices at which the assets are acquired or disposed of. | | | When the transaction involves the incurrence or redemption of a liability, both parties should record the transaction when the liability is incurred or redeemed. |
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http://millenniumindicators.un.org/unsd/sna1993/toclev8.asp?L1=11&L2=4
(1468 words)
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| | Financial Transactions Taxes: Pros, Cons, Design Issues and Revenue Estimates (BP418e) |
| | Financial transactions in their broadest sense (i.e., using the $53 trillion estimate) are almost 500 times as large as the value added attributed to the finance, insurance and real estate sectors. | | | A Financial Transactions Tax can be thought of broadly as any tax, fee, duty, etc. imposed by a government upon the sale, purchase, transfer, or registration, of a financial instrument – it is, for the most part, a turnover tax. | | | The financial transactions shown in Table 1 amount to 14 times annual GDP and are almost 100 times as large as the GDP attributed to the finance, insurance and real estate sector. |
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http://www.parl.gc.ca/information/library/PRBpubs/bp418-e.htm
(9582 words)
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| | FRB: Speech, Bies--Financial Innovation and Effective Risk Management--May 6, 2004 |
| | Financial institutions may assume substantial risks when they engage in a complex structured finance transaction unless they have a full understanding of the economic substance and business purpose of the transaction. | | | Legal counsel to financial firms can help manage legal and reputational risk by taking an active role in the review of the customer's governance process for approving the transaction, of financial disclosures relating to the transaction, and of the customer's objectives for entering into the transaction. | | | Assessments of the appropriateness of a transaction for a client traditionally have required financial firms and advisers to determine if the transaction is consistent with the market sophistication, financial condition, and investment policies of the customer. |
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http://www.federalreserve.gov/boarddocs/speeches/2004/20040506
(2701 words)
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| | Money Laundering |
| | When transactions are identified from a review of records of money orders or travelers checks that have been sold or processed, an issuer of money orders of traveler's checks shall be required to report a transaction or a pattern of transactions that involves or aggregates funds or other assets of at least $5000. | | | Also filed when transactions are part of a plan to violate federal laws and transaction reporting requirements (structuring) or when the transaction has no business or apparent lawful purpose and the MSB know of no reasonable explanation for the transaction after examining the available facts. | | | Filed on transactions or attempted transactions if it is conducted or attempted by, at, or through a casino, and involves or aggregates at least $5,000 in funds or other assets, and the casino/card club knows, suspects, or has reason to suspect that the transactions or pattern of transactions involves funds derived from illegal activities. |
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http://www.ustreas.gov/irs/ci/tax_fraud/moneylaundering.htm
(2227 words)
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| | FINTRAC - Financial Transactions Reports Analysis Centre of Canada - Money Laundering - Terrorist financing |
| | The total value of the financial transactions involved in these disclosures is $70 million. | | | The receipt of financial transaction reports from the broad spectrum of businesses and individuals allows us to find the threads linking diverse and seemingly unrelated financial activities occurring in different locations and sectors. | | | During the fiscal year, FINTRAC experienced a significant increase in the number of financial transaction reports it received, 9.5 million transaction reports in fiscal 2003-2004, an increase from 2.2 million in the previous year. |
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http://www.fintrac.gc.ca/publications/nr/2004-11-04_e.asp
(611 words)
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| | PROHIBITION ON FINANCIAL TRANSACTIONS WITH COUNTRIES SUPPORTING TERRORISM ACT OF 1997 June |
| | The Committee intends by the words ``ordinarily incident to'' to exclude from the prohibition any financial transaction that is necessarily connected to or arising from the performance of a particular activity authorized by this legislation. | | | The effect of section 321 is to prohibit financial support of U.S. persons by terrorist countries and all financial transactions by U.S. persons with these countries, regardless of where these transactions take place. | | | Some incidental transactions, such as the purchase of postage stamps or the use of a telephone, are specifically exempted by the legislation. |
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http://www.globalsecurity.org/intell/library/congress/1997_rpt/h105_141.htm
(1776 words)
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| | Documenting Financial/Accounting Transactions |
| | University financial transaction documentation for Sponsored and Non-Sponsored activity must be consistently sufficient to meet and comply with legal, governmental and auditing requirements. | | | The transaction justification and any other required documentation (receipts, etc.) should be sufficient to clearly explain the transaction to someone inquiring about it, such as an auditor, at a later date. | | | WHY is the transaction being completed and HOW does the transaction relate to the account affected or charged, when the relationship to the account is not clear? |
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http://www.fpd.finop.umn.edu/groups/ppd/documents/policy/transaction_pol.cfm
(787 words)
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| | Customer Identification Programs for Financial Transactions |
| | Also, if the transaction is over a certain dollar amount, other regulations may require the bank to report the transaction to the appropriate government agency. | | | In addition to identifying customers, the KYC Rule would have required financial institutions to determine such things as source of funds, normal and expected transactions in an account as well as mandated monitoring of account activity and reporting “suspicious” activities to the government. | | | Some transactions need not be reported to the government, but must be noted by the bank for future review by auditors. |
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http://www.privacyrights.org/fs/fs31-CIP.htm
(3751 words)
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| | IMF Financial Transactions Plan -- Quarterly Report -- June 1 – August 31, 2003 |
| | Until recently, the financial transactions plan was called the operational budget. | | | The members that participate in the financing of IMF transactions in foreign exchange are selected by the Executive Board. | | | IMF transactions normally involve a reduction in the foreign exchange holdings of a creditor member, which is fully offset by an increase in its creditor position in the IMF. |
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http://www.imf.org/external/np/tre/ftp/2003/eng/083103.htm
(1177 words)
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| | UWSA - FAP - Inter-Institutional Financial Transactions |
| | When a budget transfer is not appropriate, interinstitutional transactions should be accounted for in a manner that ensures revenues and expenditures are not double-counted on a systemwide basis. | | | This paper establishes policies and defines procedures to be used to account for interinstitutional financial transactions and/or when making payments for personal services involving an individual who holds a concurrent appointment at another UW institution. | | | If the transaction involves an extended period of time and is cost reimbursing in nature, a "blanket" type of internal requisition could be prepared by the buying institution. |
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http://www.uwsa.edu/fadmin/fppp/fppp18.htm
(1993 words)
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| | Fraudulent Financial Transactions |
| | Also, one of the easiest ways to understand revenue-related transactions is by identifying the various transactions between an organization and its customers, analyzing the accounts that are involved in each transaction, and trying to determine how misstatement could occur with each transaction. | | | Analyzing the accounts that are involved in these transactions, we can identify at least 20 different ways (some are similar) in which liabilities can be understated and the financial statements misstated. | | | There are 9 different transactions and counts involved in accounting for inventories and cost of goods sold. |
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http://www.aicpa.org/antifraud/financial_auditors/identify_assess_vulnerability/recognizing_fraud_schemes/82.htm
(1735 words)
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| | Bookkeeping, accounting, and auditing clerks |
| | Bookkeeping, accounting, and auditing clerks are an organization’s financial recordkeepers. | | | They record all transactions, post debits and credits, produce financial statements, and prepare reports and summaries for supervisors and managers. | | | Demand for full-charge bookkeepers is expected to increase, because they are called upon to do much of the work of accountants, as well as perform a wider variety of financial transactions, from payroll to billing. |
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http://www.bls.gov/oco/ocos144.htm
(799 words)
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| | What are the elements of an accounting system? |
| | The goals of the accounting system are to ensure that financial data and economic transactions are properly entered into the accounting records and that financial reports necessary for management are prepared accurately and in a timely fashion. | | | Most financial transactions will pass through the checkbook, where receipts are deposited and from which disbursements are made. | | | The General Journal is a record of all transactions which do not pass through the checkbook, including non-cash transactions (such as accrual entries and depreciation) and corrections to previous journal entries. |
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http://www.labyrinthinc.com/SharedContent/SingleFaq.asp?faqid=29
(1295 words)
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| | ICI International Consultants and Investigations, Inc. |
| | Why these international criminals are so successful: Legitimate financial transactions are conducted every moment of every day in the world, international trading uses prime bank notes, bonds, stock, bearer stock, letters of credit, government guarantees, insurance policies, euro bonds/currency, trust instruments, interests and currency swaps, commodities and oil. | | | The players are unsuspecting businessmen, brokers, bank officers, government agents, notar’s, attorneys, accountants and financial consultants. | | | ICI operatives have recovered substantial financial returns for the investors of funds managed by large Capital companies in Europe the United States and other countries, including one of the largest NASD arbitration awards. |
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http://www.icicompanies.com/ICI_WhatIsFinancialFraud.htm
(480 words)
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| | Debt, Financial Management and Negotiation |
| | From a training perspective, this entails training lawyers and non-lawyers -- involved in financial transactions as part of their day-to-day activities -- in specific clauses in loan agreements and in understanding the basis of a complete loan transaction and experiences of other countries with different creditors. | | | Negotiating and structuring international financial transactions requires a coordinated and well-timed involvement of a multidisciplinary set of debt and finance officials. | | | This course takes participants through the different forms of borrowing so that they can negotiate better terms in financial transactions. |
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http://www.unitar.org/dfm/DFMelearning/Courses/offered.htm
(863 words)
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| | Welcome to X9.org |
| | The Accredited Standards Committee X9, Inc., has developed a new standard which provides financial services firms with the means to implement basic security requirements for the effective use of time stamps. | | | X9 is constantly preparing and updating financial industry standards. | | | This collection of X9 standards includes American National Standards which will assist those in the financial services industry to stay in compliance with the Check 21 law. |
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http://www.x9.org
(247 words)
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| | Pillsbury Winthrop Shaw Pittman LLP > Financial Services Regulation |
| | Pillsbury attorneys have extensive experience in negotiated and non-negotiated transactions involving privately and publicly held companies, joint ventures and strategic alliances, privatizations, venture capital and other private equity investment, technology licensing and distributorship arrangements. | | | Our clients include financial holding companies, banks, thrift institutions, insurance and reinsurance firms, broker-dealers, investment advisors, private equity funds, trust companies, and industry trade groups. | | | Pillsbury has one of the leading financial services regulatory practices in the U.S. For over 50 years our attorneys have provided sophisticated advice to help clients achieve their business objectives with minimal regulatory burden and risk. |
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http://pillsburylaw.com/cgi-bin/bvisapi.dll/portal/ep/paDetail.do?pa=1203&...
(441 words)
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| | US CODE: Title 31,5318A. Special measures for jurisdictions, financial institutions, or international transactions of ... |
| | (iv) the relationship between the volume of financial transactions occurring in that jurisdiction and the size of the economy of the jurisdiction; | | | (iii) the extent to which such action is sufficient to ensure, with respect to transactions involving the jurisdiction and institutions operating in the jurisdiction, that the purposes of this subchapter continue to be fulfilled, and to guard against international money laundering and other financial crimes. | | | (i) the extent to which such financial institutions, transactions, or types of accounts are used to facilitate or promote money laundering in or through the jurisdiction; |
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http://straylight.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00005318---A000-.html
(1262 words)
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| | American Civil Liberties Union : How the Anti-Terrorism Bill Puts Financial Privacy at Risk |
| | While there is a need to shut down the financial resources used to further acts of terrorism, this legislation goes beyond its stated goal of combating international terrorism and instead reaches into innocent customers' personal financial transactions. | | | If the USA PATRIOT Act becomes law, financial institutions would monitor daily financial transactions even more closely and be required to share information with other federal agencies, including foreign intelligence agencies such as the CIA. | | | When these personal financial information anti-privacy proposals are combined with other information-sharing provisions contained in the USA PATRIOT Act, highly personal and potentially damaging information will be transmitted to many federal agencies that could lead to adverse consequences far beyond the stated goal of the anti-terrorism bill. |
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http://www.aclu.org/NationalSecurity/NationalSecurity.cfm?ID=9147&c=111
(452 words)
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| | Bank Secrecy - Mises Institute |
| | Originally, the BSA required only that banks monitor transactions above $10,000--which was lowered to $5,000 when the higher number proved to be ineffective in preventing money laundering and other financial crimes--and to report activities that the bankers themselves deemed suspicious. | | | These technologies are coming together in ways that will allow people to move money and financial assets instantaneously to almost any point on the globe without the knowledge of any government.... | | | The proposed new regulations would have required all transactions to be monitored, no matter how small. |
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http://www.mises.org/fullstory.aspx?Id=231
(768 words)
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| | About MG Financial Group |
| | In particular, a trading account could be used to execute financial transactions that help obscure the origins of the funds. | | | The US government requires financial services institutions, including FCMs and IBs, to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect, and report potential suspicious activity. | | | Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources, according to the National Futures Association. |
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http://www.mgforex.com/eng/about/content/laundering.asp
(348 words)
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| | SEC Testimony: Contracts, Hedge Funds, OTC Derivatives ... (A. Nazareth) |
| | The current statutory provisions governing the treatment of financial contracts upon the insolvency of a counterparty are found primarily in the Bankruptcy Code ("Code"), the Securities Investor Protection Act of 1970, the Federal Deposit Insurance Act ("FDIA"), and the Federal Deposit Insurance Corporation Improvement Act of 1991. | | | For example, in 1982 the Code was amended so that "the exercise of a contractual right of a stockbroker, financial institution, or securities clearing agency to cause the liquidation of a securities contract" is not subject to the automatic stay provision of the Code. | | | In light of this legal uncertainty, the OTC Derivatives Report recommends that Congress amend the CEA to exclude bilateral swap agreements (other than transactions involving non-financial commodities with finite supplies) between eligible swap participants, acting on a principal-to-principal basis, provided that the transactions are not conducted on a multilateral transaction execution facility ("MTEF"). |
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http://www.sec.gov/news/testimony/ts072000.htm
(2861 words)
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| | 1997 Economic Census Reports - Finance and Insurance |
| | Definition: The Finance and Insurance sector (sector 52) of the 1997 Economic Census comprises establishments of firms with payroll primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets)and/or in facilitating financial transactions. | | | Note that funds, trusts, and other financial vehicles (except for REITs), although part of this sector, are not in scope of the 1997 Economic Census. | | | Fees are based on the expected incidence of the insured risk and the expected eturn on investment. |
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http://www.census.gov/epcd/www/97EC52.HTM
(440 words)
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| | Oracle Financials at Stanford: Financial Authority - About Financial Authority |
| | Authority to approve financial transactions is then granted to individuals locally (i.e., from within the school, department, or business unit, rather than through a central office). | | | Information about the specific types of financial authority that may be granted may be found on the "Granting Authority" page within the online Authority Manager tutorial (under the "Business Functions" section at the bottom). | | | Individual users can generally pull up information about their specific transactions within Oracle itself, but more complete information is usually available via the ReportMart3 reporting tool. |
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http://www.stanford.edu/dept/itss/services/oracle/authority/about.html
(668 words)
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| | Basic Overview of U.S. Nonprofit Financial Management |
| | Your statement of financial position depicts the overall value of your organization at a given time (usually at the end of the year), including by reporting your total assets, subtracting your total liabilities and reporting the resulting net assets. | | | Soon you may evolve to using a computer-based system, which greatly automates entry of transactions, updating of ledgers, generation of financial statements and financial analysis (more on these later), and generation of reports needed for filing taxes, etc. | | | Program transactions are those directly related to providing services to clients, members, etc. Supporting transactions are those in common to all programs, for example, general management costs, etc. It's not always easy to know which transactions belong to which category! |
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http://www.managementhelp.org/finance/np_fnce/basics.htm
(2383 words)
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| | Offshore Money Transfers: "Suspicious" Financial Transactions? |
| | Similarly, the US Treasury has issued warnings to financial institutions regarding transactions with countries on blacklists produced by the FATF -- and that includes just about every well-known offshore tax haven. | | | Confidential, cutting-edge advice and assistance with all aspects of onshore and offshore banking, effective asset protection, discreet financial transactions, low-tax offshore trading... | | | As a result, many innocent individuals have their banking records exposed to and investigated by the authorities, and end up having a permanent question mark placed over them in government files. |
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http://www.offshore-fox.com/financial-privacy/offshore_banking_020402.html
(592 words)
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| | Mosaic Software Press Release |
| | Detailed transaction reporting as well as automated settlement and reconciliation for the Pulse EFT Association transactions are handled by Postilion Office. | | | Mosaic Software’s solution for Smart Financial includes an on-line interface to Pulse EFT Association for routing foreign transactions and for on-line real-time authorization of member transactions originated at other institutions’ ATMs and POS terminals. | | | Mosaic Software, the global transaction processing solutions provider, today announced that Texas-based Smart Financial Credit Union (formerly First Educators) has installed Mosaic’s industry-leading Postilion software to provide in-house ATM driving as well as transaction switching and routing for its network of ATMs. |
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http://www.mosaicsoftware.com/download/pressreleases/PressRelease73.asp
(387 words)
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| | NCUA Brochure - Tips to Safely Conduct Financial Transactions Over the Internet |
| | For example, if you use a financial service that requires you to provide your password in order to gather and display your financial data in a consolidated format from various on-line sources, make sure you learn about the company's privacy and security practices. | | | When performing transactions on the credit union's Web site, it's wise to make sure that it is legitimate and that your deposits are federally insured. | | | This brochure is intended to provide the credit union member with information about transactions in the internet. |
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http://www.ncua.gov/Publications/brochures/Tips-to-Safely-Conduct-Financial-Transactions-Over-the-Internet/Tips-to-Safely-Conduct-Financial-Transactions-Over-the-Internet.htm
(1869 words)
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| | Financial Transactions & Clearinghouse Activities in the US |
| | Financial Transactions & Clearinghouse Activities in the US | | | This industry comprises establishments primarily engaged in providing one or more of the following: financial transactions processing (except central banks); reserve and liquidity services (except central banks); and check or other financial instrument clearinghouse services (except central banks). | | | Financial Transactions & Clearinghouse Activities in the US Welcome Guest login/register |
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http://www.marketresearch.com/redirect.asp?productid=1047005&progid=3603
(184 words)
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| | Financial Privacy Resources |
| | FACTA, the Fair and Accurate Credit Transactions Act: Consumers Win Some, Lose Some | | | Fact Sheet 31: Customer Identification Programs for Financial Transactions: Getting to Know You | | | San Mateo Co. Passes Opt-in Financial Privacy Ordnance (Posted 08.08.02) |
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http://www.privacyrights.org/financial.htm
(516 words)
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| | Public Key Transaction Processor |
| | A processing engine to enable transaction processing using a public keys as account identifiers, thus providing security and anonymity. | | | The buyer and seller can relax with full anonymity yet have cryptographic trust in the transaction. | | | I can see no reason for transaction fees and if stored in the right place, storage fees should be avoidable as well. |
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http://pktp.sourceforge.net
(422 words)
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| | Internet Financial Transactions |
| | IFT powerful back-office software will enable you to sell your products online using the local merchant account and administer your account and transactions. | | | © 2002 Internet Financial transactions Pty Ltd | | | We can apply for a real-time Internet merchant account on your company's behalf and guide you through the process to make it as quick and painless as possible. |
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http://www.ift.net/ift_merch_thai.html
(133 words)
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| | The Brattle Group |
| | The Brattle Group has also valued assets, businesses, and purchase offers in spin-off and divestiture transactions, and has supported clients involved in bankruptcies. | | | For proposed mergers and acquisitions in the U.S. and Europe, we have assessed stand-alone values, merger benefits, and transaction-related impacts on target- and acquiring company stakeholders. | | | For example, for a utility facing possible bankruptcy, we evaluated alternative business strategies, including the analysis of likely financial performance in the face of significant uncertainties. |
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http://www.brattle.com/AreasOfExpertise/Engagements.asp?EngagementID=39&ExpertiseID=21
(114 words)
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| | Webexa E-commerce |
| | Copyright 2003 Internet Financial Transactions CoLtd -- Thailand, U.K., Australia | | | We can help you achieve maximum ranking on the major engines. |
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http://www.webexa.com
(218 words)
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