- cash
- demand and time deposits
- commercial paper
- AR & AP
- Notes Receivables & Payables
- Loans Receivables & Payables
- Debt and Equity Securities
- Asset Backed Securities
- Options
- Rights
- Warrants
- Futures contracts
- Forward contracts
- Swaps
June 10, 2011
FRS 139 - Financial Instruments:Recognition and Measurement
Common examples of financial instruments are:
Technology Ahead
Technology has been around us for decades. What is important is that, how much we benefit from it? And how does technology transforms organization towards achieving its objective. "Technology is key to achieving higher operational efficiency and innovative capability" says Tan Sri Dato' Sri Dr Teh Hong Piow.
Technology speed up operation, manage customer relationship and educate its staff on product offerings. Various organization uses technology as part of their operation counter-back element. Loan processing, product making, ticketing, service delivery are common element of technology advancement while managing customer relationship are common to hotel and service industry.
Technology permits greater efficiency and scale yield cost advantages that enable us to provide competitive lending and deposit rates as well as superior service. Bank of Philippine Islands for example, reports a yoy 33% income increase and 16% loan growth, as well as continued market leadership in electronic banking,consumer loans,asset management,cash management and insurance.Source: Reader's Digest June 2011)
This has proven that technology actually transform the whole set of attitude towards achieving organization's goal tandemly. Product offerings also at ease and affordable to potential customers. Banks that fully utilized its
technology advancement are always on top of others. They are more close to potential customer in terms of managing capabilities, trustworthiness and also contentment..
Technology speed up operation, manage customer relationship and educate its staff on product offerings. Various organization uses technology as part of their operation counter-back element. Loan processing, product making, ticketing, service delivery are common element of technology advancement while managing customer relationship are common to hotel and service industry.
Technology permits greater efficiency and scale yield cost advantages that enable us to provide competitive lending and deposit rates as well as superior service. Bank of Philippine Islands for example, reports a yoy 33% income increase and 16% loan growth, as well as continued market leadership in electronic banking,consumer loans,asset management,cash management and insurance.Source: Reader's Digest June 2011)
This has proven that technology actually transform the whole set of attitude towards achieving organization's goal tandemly. Product offerings also at ease and affordable to potential customers. Banks that fully utilized its
technology advancement are always on top of others. They are more close to potential customer in terms of managing capabilities, trustworthiness and also contentment..
June 7, 2011
FRS 140 - Investment Property
Properties used for operating the business (generate income) termed owner occupied properties which come under FRS 116 Property,Plant and Equipment. Property held for invesment dealt with in FRS 140 - Investment Property.
Owner occupied properties and those held for sale in the ordinary course of business do not qualify as Invesment Properties.
Recognize as investment properties only after:
- construction work has completed
- any rental received is negotiated at arm's length
- at market rate
FRS 140 defines Investment Property as
Land or a building or part of a building or land and building held (by the owner or under finance lease) to earned rental or for capital appreciation or BOTH.
Owner occupied properties and those held for sale in the ordinary course of business do not qualify as Invesment Properties.
Invesment Property:
- land held for long -term (>5yrs) capital appreciation-ex land for housing,public utilities etc
- land held for undetermined future use - ex remote land for plantation
- building owned
- building that is vacant but is held to be leased out under operating leased
Recognize as investment properties only after:
- construction work has completed
- any rental received is negotiated at arm's length
- at market rate
- it is probable that future economics benefit associated with the investment property will flow to the enterprise - future economic benefit (rental income- capital appreciation)
- the cost of the asset to the investment property can be measured reliably ( cost allocation and determination)
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