Internation Accounting Essay

Internation Accounting Essay Essay example
Undergraduate
Essay
Finance & Accounting
Pages 7 (1757 words)
Download 0
International Accounting HDFC Bank- India (NSE) Case Study 1 Identification of registered company The company chosen for the study of the financial data and analysis if HDFC Bank. The bank is also known as the Housing Development Financial Corporation Bank…

Introduction

It also facilitates services like savings, current and recurring account, etc. It has extended its operations in the investment market by introducing its own mutual funds and even markets mutual funds of other organization through the bank. Of late the Bank is operating in treasury, wholesale business and retail business. The head office of HDFC bank is at Mumbai, in India from where it controls the operations of the other 2544 branches in other states of the country. HDFC bank is a listed company in the NSE popularly known as the National Stock Exchange. Company details The HDFC Bank deals in Rupees which is the currency of India. As per the financial statement of the bank, around 31.6% increase has occurred in 2011 as compared to the previous year. The balance sheet size has come to Rs. 337,909.00crore as at 31st March, 2012. However the capital adequacy ratio is the come was 16.5% with a minimum regulatory requirement of 9%. The subsidiaries of HDFC Bank like the HDFC securities and the HDB Financial services has also grown considerably at a healthy pace by the year ending 31st March, 2012. Deloitte Haskins and Sells’ a chartered firm has been chosen for the auditing of the financials of the HDFC Bank. ...
Download paper
Not exactly what you need?

Related papers

Finance and Accounting Essay: Advanced Managment Accounting
However the main question for accountant and financial analysts in organisations around the world is which technique should be used for this purpose (Krumwiede, 1998). Activity costing method has been used widely across the world (Brimson, 1991) however there are several other costing methods being used by the organisations around the world like actual costing, normal costing and standard costing…
Finance and Accounting Essay: Advanced Financial Accounting
There were some recent changes made in IAS 19 during June 2011 by the IASB and it has a significant impact on the accounting procedures to be followed by the entities regarding defined benefit schemes in the form of pension funds. The time was just right for these changes to take place because it was long awaited by people for IASB to make such changes. …
Taxation Law Accounting Essay
The $5,000 received after the trading period qualify as income for the period ended 30 June 2010. This is in accordance with accruals accounting method; income is recognized when it is earned. All this is in accordance and requirements of section 6-5. The trading stock for Philip’s business has to be evaluated according to the general rule of accounting for stock-S70-35(1). The difference…
Finance and Accounting Essay
Government. Since the institution of FDIC insurance in January 1934, no client has lost any deposited funds as a result of malfunction. This paper delves into the history of FDIC, its administration, operations, functions and effectiveness. It also looks into its performance over the years, whether or not it is regulated by laws and whether or not it is still a preferable insurance institution. My…
Finance and Accounting Essay
‘000 Rustic plc ?‘000 Market value of stocks (3x10)=30000 (1.62x8)=12,960 ROI 4,500, 2,952, Fixed assets 20,000 20,000 Current Assets 7,000 9,000 Current Liabilities -3,000 -5,000 Net assets 24,000 24,000 Long term debt @ 5% 4,000 8,000 Shareholders’ funds 20,000 16,000 Long-term investment 24,000 24,000 126, 000 108,960 Shareholder Value Added approach to estimation of cash flows for the…
Essay on Management Accounting
Management accounting has a design and intention, used by the management in the organization. Confidentiality plays an enormous role in management accounting as opposed to financial accounting. The information in management accounting has a computational dimension tailored for the managers; it uses management information systems, as opposed to financial accounting standards. Various concepts of…
Finance and Accounting Essay
The funny bit about such adjustments is that they can be based on the annual expenses of operating leases (Arms 2010). On the other hand, they can as well be based on the undiscounted available future operating lease payments. These are normally available on the notes to the financial statements. Such is the information that is normally available to many users of the statements and the entire…