Accounts in the Balance Sheet and Income Statement of the Bank of Abu Assignment

Accounts in the Balance Sheet and Income Statement of the Bank of Abu Dhabi - Assignment Example Overall the bank’s statements reflect the quality of the bank's operations. Although there can be a few improvements in the operations of the bank and its customer base, however, the bank has performed remarkably well showing high revenues and net profits. The National Bank of Abu Dhabi was founded in 1968 in the United Arab Emirates. It is the market leader amongst lending banks in the Emirate of Abu Dhabi and the second largest player in the United Arab Emirate lending market. The bank has a presence in various regions including Hong Kong, Shanghai and Kuala Lumpur. The National Bank of Abu Dhabi is a premier bank offering the complete range of financial services in 18 countries. It is ranked in the Worlds 50 Safest Banks and the Safest Bank in emerging banks. This is a testament to the quality of the services and the operations of the bank. This assignment aims to analyze the balance sheet and income statements of the bank for the year 2012 and 2011. All accounts under assets, liabilities, equity, expenses and revenue will be defined and analyzed in this report. An asset on a balance sheet represents what a firm owns. They can be categorized as current assets and fixed assets. Current assets are ones that are consumed in a years’ time and the fixed assets are those that provide benefit over a certain period of time. I will now be defining the assets that are in the financial statements of the National Bank of Abu Dhabi. This account includes all the cash that is currently with the bank, the balances with the central bank and the dues from other banks (maturing within 3 months). Cash is the most liquid of all the current assets. The balance at the central bank is a percentage of the total customer deposits given to the central bank as a measure of avoiding bank runs. These are identified as financial assets which are held for the purpose of trading them in the market. are assets measured at fair value and the gains and losses are recorded in the income statements under the subheading of â€Å"Gains or Losses on Derivative Financial Instrument Transactions†.

Personal Statement Essay Example | Topics and Well Written Essays - 500 words

Personal Statement - Essay Example This becomes one of the major reasons why I want to gain business experience and apply in this university. My passion to gain knowledge about this field and about German language specially has nurtured this eagerness within me to take admission in BA (Hons.) International Business and German language course. This supporting statement describes my eagerness for this course. I have always been a very good student getting positions and certificates. My teachers and professors at all times considered me a student worthy of reward. I have attended numerous training courses and seminars which shows my passion for pursuing further knowledge regarding my field. I feel that I have enough knowledge and passion to show that I have a craze about going ahead in the business industry and contribute to the financial market. I keep myself updated with market requirement. I keep on reading related journals, books and magazines and attend related seminars being held in my vicinity. I feel that I posse ss those special skills needed to fulfill the requirements for this course. I have always come up fresh, innovative and unique ideas. I have learnt basic computer knowledge and softwares so as to equip myself with the latest technology that may help me in excelling in this course.

Business Ethics Research Paper Example | Topics and Well Written Essays - 1250 words

Business Ethics - Research Paper Example One such area that a business organization should adequately address involves the issue of ethics in business. In line with this, the definition of business ethics vary based on the conception of the topic under discussion. One topic of discussion in business ethics involves the issue of child labor, which is crucial as business organizations seek to achieve a global perspective in conducting business. In effect, it is important to understand the issue of child labor, as an important topic in business ethics, and highlight approaches that business organizations take in order to deal with this issue. To begin with, it is crucial to understand the concept of child labor. There are varying international principles provided by labor organizations, such as ILO, which provide different definitions of intolerable and tolerable forms and definitions of child labor. For tolerable work, the ILO Convention No. 138 (1973) identifies work that does not make children fail to attend school with the work being light and harmless to the growth and development of the child as tolerable work (ILO, n.d.). Consequently, the convention stipulates the right age for this work being 13 years although the age can go down to 12 years depending on various circumstances such as the economic situation of the child and their family, which is crucial since such work can be crucial for the growth and the development of the child in question (UNICEF, 1997). On the other hand, intolerable work is abusive and dangerous with the work being exploitive on children. In this case, the ILO Convention No. 182 (1999) identifies child labor as any form of slavery or practices that are similar to slavery with actions related to the sale of children, debt bondage using children, serfdom, and the involvement of children in armed conflicts (ILO, n.d.). Importantly, this definition covers the use of children in issues related to child prostitution, using children in illegal activities, and in other areas that might harm the growth and development of children in regard to their moral values, health, and their safety. At this juncture, it is crucial to point out this convention, and other international codes and standards such as the UN convention on the rights of children, define a child as any individual below the age of 18 years (UNICEF, 1997). Nonetheless, it is important to point out that perceptions about child labor may vary depending on the culture although business organizations should use the definitions provided by ILO and other international organizations such as the UN. According to data from the International Labor Organization, one in every seven children is in some form of child labor. This puts the figure at 218 million children involved in child labor, which is a decrease from the 240 million children involved in labor in 2002 (ILO, 2006). Nonetheless, it is crucial to point out that this is not ethical practice in business since children are supposed to enjoy their child hood and not working under harmful conditions. In line with this, these children work in various sectors of the global economy with these sectors located in various parts of the world. However, a majority of these children work in the agricultural sector, which is a result of the non-regulation of this sector in terms of regulating the human resource capital working in the sector (Kolk & Tulder, 2002). In

Paul's Case Essay Example | Topics and Well Written Essays - 500 words

Paul's Case - Essay Example Indeed, many a times, the cheerful exterior hides the treacherous thoughts and conflicts that could lead to dangerous outcome. Cather’s characterization of Paul as a deviant personality is highly intriguing. It raises pertinent questions of adjustment of the same within the parameters of social controls like family institution and educational institutes. Paul’s disdain towards these social institutions is serious in its content. The main reason being the authorities fail to understand the reasons behind his continued misdemeanors. Despite the threats of expulsion from the school, Paul exhibits a careful indifference for the rules. When he is called to the Principal’s office for explanation, all the teachers come together against him. Indeed, Cather’s observation that the stoic demeanor of Paul forces the teachers to be ‘humiliated to have felt so vindictive toward a mere boy’. The author’s portrayal of Paul encompasses diverse human emotions that are difficult to understand by the people, especially by his teachers. Indeed, the inability to reform a ‘mere boy’ is not only frustrating for the teachers but it also shows a decisive lack of will to understand the complex nature of Paul. Paul’s relationship with his father and sister is also not very cordial. The confined environment of his home and conservative attitude of his father are shown as major issues. Through Paul’s story, the author is probably trying to show how the society tries to manipulate the characters of the young people and suppress their natural inclinations. Paul is hugely attracted to the imagery lives of artists. he portrays the surrealist of the character through his role of ‘usher of the theatre’ where he imagines himself in the company of the artists and celebrities. Interestingly his make believe world becomes his only medium of being happy. When Paul’s lies and deceit are revealed, he is taken out of the school. But Paul, as the

Business Law Essay Example | Topics and Well Written Essays - 1250 words

Business Law - Essay Example The problem in this question relates to offer, unilateral offer, invitation to treat, acceptance, rejection of offer and past consideration. These would be discussed in line with the facts and determination of conclusion of the issues would be made in accordance with that. The important aspect in respect of the question is that of the differentiation between an offer and invitation to treat. This has been drawn by the courts. Invitation to treat is an expression of willingness of one party to go into into negotiations with another party anticipating that a contract would be concluded at the end of such negotiations. Items on shop display and their prices are treated as an invitation to treat (Fisher v Bell). Advertisements are generally treated as invitation to treat (Harris v. Nickerson ). There are certain exceptions to this the reasoning based on intention and certainty. (Carlill v Carbolic Smoke Ball Co, a case on unilateral offer.)1. An offer on the other hand has been defined a s an unequivocal willingness by a party known as the offeror to enter into a contract on stated terms and provided that such terms would be accepted by the person to whom the offer is made (offeree) a contract would come into existence. Acceptance has been defined as the unconditional acquiesce to the terms that were laid down by the offeror. The important aspects of acceptance are that it should be unconditional and must be communicated to the. ( Holwell Securities v. Hughes2) . A number of exceptions have developed in respect of communication, one of them being the postal rule, whereby acceptance takes place as soon as a letter is posted. As far as instantaneous means of communication is concerned it can be said that the postal rule in Adams v. Lindsell3 of acceptance is not applicable and thus actual communication of acceptance needs to be done (Mondial Shipping and Chartering BV v. Astarte Shipping Ltd4). As far as silence constituting to be acceptance is concerned, the courts h ave been consistent in their approach that silence would not constitute as acceptance and acceptance needs to be communicated or can occur by way of conduct. (Felthouse v. Bendley)5 . The advertisement that was placed cannot be classified as a unilateral offer as the facts do not show the requisite certainty and unconditional offer, thus it is evident that the advertisement is an invitation to treat. The discussion with Rose was merely an invitation to treat as there was hope of a contract being concluded and at no point can it be seen that an offer been made, so there can be no acceptance. In line with the discussion with Mary, the offer of Rose was made and communicated to Mary, however, the problem lies in the fact that even though there Mary responded and accepted the offer, it was never communicated to Rose and so in line with authorities on instantaneous communication it can be concluded that acceptance did not take place and so no action can be brought about by Rose. As far a s Matthew is concerned, the problem lies in the fact that it was conditional on the fact that Matthew would receive payment and therefore a conditional offer, or in other words it was not a conclusive offer which could be accepted. Applying the approach of courts in respect of silence and that it would not constitute to be acceptance; the actions of John cannot in any way create a binding contract. Furthermore, there has been no actions or conduct which show acceptance, on the contrary Mary destroyed the cheque which shows her intention of not being bound. The next issue is in respect of consideration, which is that it must generally be given after promise so as to make it enforceable. Thus a promise made after alleged consideration is complete is unenforceable (Re Mcardle)6. Thus past consideration is generally held not to be good consideration. However, the courts in Pao On v. Lau Yiu Long whereby Lord Scarman laid down the three condition which were to be satisfied if the excepti ons were to be relied upon, the first being that the act which was done

Emerging Markets Essay Example | Topics and Well Written Essays - 2000 words - 2

Emerging Markets - Essay Example While developing economies are usually flooded with emerging markets, the concept is not novel to developed economies. It is these emerging markets, which when successful in the future, become economic giants in the industry (Garten, 1997). The emerging markets need to consider a lot of geographical and economic concerns before setting in a foreign country. They may be small enterprises or large projects. This paper seeks to evaluate the industry of emerging markets in the Latin America, particularly in Mexico, and see how successful it has been over the years. It would also analyze how these emerging markets have affected the economy of Mexico and all related economies. Emerging markets have had positive impacts and some negative setbacks and this paper would state both sides of the picture. Latin America is a developing nation striving to make its make its mark in today’s world and it is the emerging markets in and of Latin America that will one day, help it in doing so. Mexico is one large country that comes under the flag of Latin America.Latin America is an area of approximately 21 million kilometers square, which is 14.1% of the Earth’s land surface. It holds a population of 570 million and there is a lot of diversity of cultures prevalent in the area. Spanish, Portuguese and French are the three most commonly used languages in Latin America. Its GDP is 4.26 trillion United States dollars and the economy is expanding at a relatively decent rate of 4 percent per annum. The population of Mexico is one of the most diverse in the world. It comprises of different ethnic groups, races, creeds and ancestries. The Europeans or the Whites form the largest community of Mexico contributing to over 80 percent of its population. Other than that, Mexico is home to the Mestizos, Amerindians and Mulattos with Blacks, Asians and Zambos

Organisational Behaviour Case Study Example | Topics and Well Written Essays - 1500 words - 1

Organisational Behaviour - Case Study Example ndividuals’ needs into two groups: needs arising from man’s nature to avoid pain from the surrounding and the need thought that comes from unique trait to grow psychologically. An organization’s main agenda is maximizing output at a minimum cost. To attain that, a manager must use motivators to achieve the goals of the business. Workers have difference characters thus attract different motivators. The company’s factors taken into consideration in an attempt to motivate employees are company policy and management, Supervision–technical relationship with supervisor, work conditions, and Salary. Other company’s factors are the relationship with peers, personal life relationship with subordinates among others. Most employees would like to grow in their jobs and develop their carriers more while doing their duties. Employees who are growth oriented get motivated if they feel that their respective workplaces are capable of advancing their specialization. Employers should take into account that some workers need only recognition to improve their productivity. The veterans prefer recognition as the best motivator to any other form of motivation. A good work would make some employees happier and motivated, and such people believe in the result as a motivator rather than anything else. Another group of persons has a philosophy of achievement and responsibility as their motivators (Frederick Herzberg theory). Organization culture refers to a particular pattern of shared assumptions values and beliefs that control workers in a given working environment about how they behave think and tackle their task (Bratton et al., 2010). Culture in an organization promotes work motivation. Senior management should abandon their bureaucratic control regimes to inculcate a common culture to unite and win the faith of employees. A high culture integrates several organizational values, which would stimulate corporation among workmates. A firm where people belief on a common