(Katsanos, 2010) On the other hand, Dow Jones indexes is leading full-service index provider that develops, maintains and licenses indexes for use a benchmarks as the basis of investment products. In addition to this service, it offers equity indexes, fixed income and alternative indexes including measures of hedging funds, risks and real estates from risks that may hinder its growth and expansion. Its main mission is providing robust, transparent and useful tools that afford worldwide greater insights into the global markets. Its corporate strategies include innovation, quality service and commitment operational excellence (Gould, 1981) Strengths and weaknesses of FTSE The FTSE management has a wider range of knowledge and experience in dealing with the current volatility and difficult times and turmoil, for instance during the recent economic crisis that hit the world did not rudely shake the UK stock exchange drastically as the management, and through its expertise had hedged the risks associated with the economic slowdowns. Furthermore, the FTSE has a robust invest investment process characterized by wider market coverage as evident in its global operations around the world. It operates in more that one country, with market capitalization of trillions of shares and stocks. Strength of the FTSE group lies in this culture and structure that is firmly instituted with investment purposes. Clients who seek their services can access their services anywhere around the world in time. It has remained focused on diversification of its portfolios to maximize the risks such as economic slumps, volatile exchange rates and the political changes that might adversely affect the performance of the stocks. FTSE strong pillar lies in its blue-sky technology that is faster, reliable and efficient in administering its operations across the world. As pointed out in the report, it continually focus on improving the technology to encompass wider markets and reach a wider customer so as to address the diverging needs of the current and potential customers. On the other hand, its weaknesses as pointed out the audit committee include the financial and reporting and financial control material weaknesses. This ranges from the inadequate financial closing procedures aimed at creating unnecessary confidence in the potential investors. As noted, their financial statements do not reflect the true financial status. This is against the international Accounting standards which require a full, fair and honest disclosure of the material facts that may needed by both current and potential investors. (Ryan, 2004).Segregation of duties is also pointed out as one their weaknesses, whereby duties are segregated on unfair basis. Another major weaknesses that been a challenge in FTSE group is the incorrect conversion of the GAAP conversion. It is highly evidenced in conversion of complicated derivates and unifying the rule and procedures of conversion so that a fair and accurate benchmarking process is carried to reflect a true picture of the stock performance amongst its group of companies and across the world in stock market. Strengths and weakness of the Dow Jones Indexes As the Craig et al (2004) notes the strengths as outlined in their journal indicates the company has its stronghold in area of corporate governance established and managed by a cartel of experienced executives which have immense expertise in the
Name: Institution: Topic: Stock Market Analysis Professor: Course: Date: Stock Market Analysis FTSE is an independent limited liability company that is jointly owned by the financial times and the London stock exchange. Its main mission is the creation and management of equities, bonds and alternative asset class indices…
Criticisms have been against Basel II and its inability to set required standards for banking sectors globally (Lall, 2009). The long drafting process that has been adopted by Basel II has failed in managing risks and has such an inability has led to financial crisis with increased risks (Cornford, 2010).
Article Summary (Financial Planning and Accounting) The subjects of finance, accounting, managerial finance or accounting, and ethics are all practical and applicable in contemporary organizations. Lynch and Williamson (1976) averred that “accounting has been described succinctly and accurately as ‘measurement and communication of financial and economic data’.
It the second largest bank in the country in terms of market capitalization. Apart from Australia, the bank has operations in New Zealand and the Pacific regions. It has operations in other continents as well and has operations in New York, London, Singapore and Hong Kong.
Evaluate two of the additional statement of the company you have chosen for example -Chairman's Report, financial Review with two additional statements included by Rio Tint PLC in its Annual Report or Financial statements.
'' As well as statutory information many companies choose to give additional information such as Operating Reviews, Chairperson's Statements or Business Summaries.
Traders in the stock market would always be anxious to know what's in store for them in the coming future. In this particular dissertation, I have clearly analyzed statistically the impact of automation on the Singapore stock exchange and Hang Seng. Now, this section deals with the effect other factors could have played on the performance other than the automation.
Stock market is governed by stock exchange which is a corporation that provides facilities to the traders and brokers to trade company stock and (or) other securities. It also regulates the issue and redemption of securities as well as other financial instruments and capital events like dividend and payment of income.
The feature of cumulative preferred stock is that the company can get an advantage by issuing it over bonds because it can vote for suspension of dividend if the loss occurs and in case of cumulative stock company need to make up the remaining dividends when it earns profit. But normal preferred stocks do not have this facility. In case of callable stock, the company can redeem it after a specific date.
Due to complex nature of various business a virtual setup is needed to be established which can make information regarding securities/ shares available to business entities and individual. Thus it can be