Business Finance Website And Small Business Finance Software - Business

A business finance website allows business owners to access information regarding company finances. These websites are very helpful to start-up and existing businesses alike. For the start-up owner, these websites offer information on how to raise capital through various resources and how to prepare the business for operation. Existing business owners can access information on how to improve their profitability and how to apply for additional working capital.

Most loan providers also include a business finance section on their websites to allow individuals to research the different loans offered by the lender. This way, these owners can find the loan best suited to their needs in regards to the loan requirements, interest rates, and repayment plan. Business owners can also find out if they qualify for special needs loans, like international trade and employee trusts. These lenders may also offer advice on how to effectively manage business finances to improve a business's profitability.

Business owners can familiarize themselves with accounting and financial terms via a business finance website. These websites want to make sure that business owners understand the accounting and financial procedures used in businesses in order to make them more successful. Business owners can learn about the business regulations and laws from a business finance website. This way, start-up owners can find out if they meet all business standards required of their business. Without this information, business owners risk wasting valuable time and money. Most business owners rely on finance websites to supply the vital information needed to successfully operate a company.Small business finance software, also known as accounting or financial software, are computer programs designed to ease the management of accounting processes in a business. These programs are preferred over the manual way of accounting because software allows an individual to easily input, edit, and handle the information needed for accounting practices while avoiding common bookkeeping errors. Most small business finance software is provided by an outside company that specializes in accounting software, but some businesses choose to develop their own financial programs.

One of the most popular brands of business finance small software is Quicken. Besides offering software for accounting, Quicken also has programs to aid businesses with contracts, checks, credit cards, and supplies. A business can pay a low monthly fee or a one-time fee that gives them unlimited access to specific software.

Other software companies, such as Microsoft, specialize in financial programs for small businesses, and may even provide free trials for their products. Companies may even offer advanced customization for financial software and programs to help compile business plans and financial forecasts.

Because the software industry continually grows and develops advanced financial solutions for small businesses, new versions of small business finance software becomes available every year. The key to determining which program is the most beneficial, it is vital to research the capabilities, services, and prices offered by specific financial software.

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New Revolution - Jobs in India are waiting for You - Careers - Career Management

with the changing period of time, the job market of India is also change its look. Now as much as the industry emerging in the country, the opportunities of jobs in India are also growing rapidly. It has seen that, the young generation of present era, now are not wants to get a job in Government job. They searched their passion. And the passions of todays generation are related to the new emerging industries in the country.

These days are off bit history now, when the maximum number of students wants to get a job in Government offices. Parents also have no faith about the private sector job. Always they charged their kids to grab a good job in any of the Government sector. The good job was only measured by the scale of security. And for the common people private sector was not the secure one. But now with the rapid growth of industrial sector, and large amount of foreign investment, all the false myth about the private jobs has been demolished. Students now interested to start a career in Bpo, IT or the any of the sector.

Accounting jobs in India are the oldest jobs from of the civilization. It has a early history of good going. With the globalization and the advance growth, the accounting jobs become quite popular and glamorous also. If you have good knowledge and interest in the mathematics, then the accounting jobs could be the first and also the best way to gain a good salary.Accounting jobs are not limited in a boundary. There are lots of corporate those who are seeking a good account department. Without an account department, corporate hoses are blind.In the Accounting jobs of India, there has few more opportunity, such as; accountant, account executive, chartered accountant, taxation manager, financial account, etc.

And one thing remember, if you are thinking that only corporate house has accounting jobs, then sorry to say that you are still un aware about the big portrait of this job. In several NGOs, school, college, universities, almost all the government organization needs good knowledgeable account department. Bpo jobs are the new venture of this new century. With the globalize economy the new industry is emerging across the country is bpo, and call center. BPO jobs in India is uprising highly now a days. Basically y the BPO industry is mainly run by foreign investment. It has seen the new generations are becoming crazy, to grab a job in BPO or Call center. The main reason of this craze is the high salary package. Students who have just passed the school are starting to go college, earning a fat pocket income through the call centers and bpo.

Through out the days, as much as people are becoming the techno savvy the information technology also developing in a rapid way. IT sector is the most preferable job option among the people now days. IT jobs in India is now opening lots of new venture and opportunity. With the much hyped industrial civilization, and revolution HR jobs in India also growing. The maximum numbers of companies are opening, to run the company proper way, a HR become needed. So, there has a lot of opportunity, and hope to be a part of the Indian industry.

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Delphi Corporation - Business

History 1994: General Motors forms Automotive Components Group. 1995: ACG is renamed Delphi Automotive Systems. 1997: GM and Hughes Electronics Corporation spin-off of Hughes Defense electronics business and transfer Delco Electronics from Hughes to Delphi. 1999: Delphi Automotive Systems becomes fully independent publicly held corporation. 2001: 11,500 jobs were cut worldwide (Bischoff 1A). 2002: Delphi Automotive Systems is renamed Delphi Corporation reflecting its diversified business direction. 2004: Delphi is subpoenaed by the Securities & Exchange Commission (SEC) in July for irregular accounting practices and financial transactions. 2005: Delphi discloses irregular accounting practices. A number of executives, including CFO Alan Dawes, resign. Delphi Chairman J.T. Battenberg III retires. Delphi files for Chapter 11 bankruptcy protection to reorganize its struggling U.S. operations. As a result of this action, the Securities and Exchange Commission granted an applica tion by the New York Stock Exchange to delist Delphi's common stock and bonds. The stock now trades over the counter on the Pink Sheets electronic exchange. 2005: Twenty-four plants closed down in the U.S. 2006: Delphi announced it would sell off or close 21 of its 29 plants in the United States. The eight plants it intends to keep are located in Brookhaven, Mississippi; Clinton, Mississippi; Grand Rapids, Michigan; Kokomo, Indiana; Lockport, New York; Rochester, New York; Warren, Ohio; and Vandalia, Ohio. Delphi proposes that these remaining plants will operate with wage reductions and workforce reductions. Corporate structure and leadership Delphi is structured into the following groups: Consumer Products Manufacturer Products Aftermarket & Dealer Products The company is focusing the organization on the following core strategic product lines: Controls & Security (Body Security, Mechatronics, and Displays) Electrical/Electronic Architecture (Electrical/Electronic Distributi on Systems, Connection Systems, and Electrical Centers) Entertainment & Communications (Audio, Navigation, and Telematics) Powertrain (Diesel and Gasoline Engine Management Systems) Safety (Occupant Protection and Safety Electronics) Thermal (Climate Control & Powertrain Cooling) For the list of Delphi Senior Managers see Delphi Senior Leadership. Chapter 11 Reorganization During the Chapter 11 cases, Delphi has made substantial progress in identifying and implementing the sale (or receiving Bankruptcy Court approval to sell) or wind down of those facilities and business lines that do not support the company future strategic framework, including: The sale of the brake hose manufacturing business in Dayton, Ohio to Harco Manufacturing Group, announced in January 2007. The settlement of a social plan in the "Concurso," or Spanish insolvency proceeding, of Delphi Automotive Systems Espana S.L. The sale of the Mexican brake components business, including a manufacturing plant in Saltillo, Coahuila, Mexico, to Robert Bosch LLC and its affiliate Frenados Mexicanos, S.A. de C.V., announced in June 2007. The sale of substantially all of the assets of MobileAria, Inc. to Wireless Matrix USA, Inc.; The sale of the U.S. Battery operations in New Brunswick, New Jersey to Johnson Controls, Inc. in 2006. The wind-down of a Delphi Medical Texas facility in Houston, Texas The consolidation of fuel injector production in Rochester, New York during 2006-2007, which allowed the Debtors to wind down a manufacturing facility in Coopersville, Michigan The sale of the catalyst business to Umicore Group, completed in October, 2007. The sale of the Wheel bearings business based in Sandusky, Ohio to Kyklos, Inc., which is a wholly owned subsidiary of Hephaestus Holdings, Inc., in February 2008. The sale of the Global Steering and Halfshaft Business to Steering Solutions Corporation, a wholly owned subsidiary of Platinum Equity, LLC, announced in December 2007. The Steer ing business was based in Saginaw, Michigan, and was formerly known as the Saginaw Steering Division of General Motors. The sale of the Interiors and Closures business was announced in October, 2007, to The Renco Group. This includes facilities in: Gadsden, Alabama, Cottondale, Alabama, North Kansas City, Missouri, Orion, Michigan, Adrian, Michigan, Woerth, France, Matamoros, Mexico, the SDADS Joint Venture in Shanghai, China and the KDS Joint Venture in Daegu, South Korea. The sale of certain North American Brake Component Machining and Assembly Assets to TRW Automotive Holdings, which includes sites in Saginaw, Michigan, Springhill, Tennessee, and Oshawa, Canada, announced in September 2007. The company will continue with its stated plans to sell or wind-down additional non-core product lines and manufacturing sites through 2008. Sale of global suspension and brakes business to BeijingWest announced March 31, 2009. On November 4, 2009 Delphi named a new board. John A. Krol is the chairman of the new board. Rodney O'Neal is the President and chief executive officer of the company (since January 1, 2007), replacing Robert S. "Steve" Miller. The investment bank, Rothschild, Inc., is currently advising Delphi in its Chapter 11 restructuring Environmental record Researchers at the University of Massachusetts Amherst identified Delphi corp. as the 21st-largest corporate producer of air pollution in the United States in 2002. According to the study, the manufacturer's most toxic emissions include asbestos (542 lb/yr), chromium compounds (1,082 lb/yr), lead compounds (8,466 lb/yr), and sulfuric acid (17,600 lbs/year), while the most massive emissions are glycol ethers (111,520 lbs/year) and hydrochloric acid (80,000 lb/yr). Corporate issues In February 2007 the multinational Delphi Automotive Systems Holding Inc. announced the closure of its plant in Puerto Real, Cdiz, Spain, with a loss of 1600 direct jobs and more than 2500 indirect jobs. despite h aving agreed to continue its manufacturing operations until 2010 and receiving more than EUR 25 million from various public administrations in order to guarantee its workers' jobs. The Andalusian autonomous government announced it would begin legal action against the company for breach of local labor laws. On October 8, 2005 Delphi filed for bankruptcy due to the lack of money to pay the employees. Slowly, cutting jobs and shutting down many plants around the Dayton area and nationally (Roberson). The increased competition between the U.S. and other countries in the automobile industry has been a factor in Delphi bankruptcy (Wehrman D1). Due to the economic slump, all but five of the plants in the Dayton area have closed. In May 2008, Delphi filed a lawsuit against investors. The lawsuit seeks to impose payment by investors in the amount of $2.55 billion in securities to aid Delphi as it seeks to come out of bankruptcy. U.S. Bankruptcy Judge Robert Drain in New York ruled to allow Delphi to seek payments through a contract against Appaloosa Management LP as well as denying investors' request for a cap of $250 million for damages.[clarification needed] Consumer electronics Delphi is a major player in the XM Satellite Radio and GPS market. Among their most widely recognized (and advertised) products are: Mobile Navigation NAV200 (portable GPS) TNR800 (in-dash GPS) Mobile Video Satellite Radio Myfi family MyFi (portable XM) Myfi 2 (3rd generation of XM2go) Roady Family Roady (XM) Roady 2 (XM) Roady XT (XM) Roady XT 2 (XM) Skyfi Family Skyfi (XM) SkyFi2 (XM) SkyFi3 (XM) Others XM Signal Repeater Manufacturer products Delphi designs, engineers and manufactures a wide variety of components, integrated systems and modules on a worldwide basis, and is the largest and most diversified supplier of automotive parts. In January 2000 Delphi acquired the diesel systems business of Lucas TRW, making Delphi the world's second largest manufacturer of Diesel Fue l Injection equipment. Delphi Diesel owns the brands of CAV/Simms/RotoDiesel and Condiesel, the division also runs 10 subsidiary distribution companies in Brazil, China, France, Germany, Italy, Spain, Mexico, Turkey, UK and USA. The diesel aftermarket company is headquartered in Warwick UK. Delphi also manufactures the MagneRide magneto rheological dampers, which use magnetorheological fluid to adjust the damping rate of the shock absorbers based on road conditions, to offer an effective compromise between ride and handling . These can be found on the Audi R8 , Audi TT, Chevrolet Corvette C5, Cadillac Seville STS, Ferrari 599 and select E Series HSV cars in Australia. Joint ventures EnerDel - started as a joint venture of Ener1 and Delphi. In August 2008, Ener1 bought exclusive ownership of EnerDel. Condumex - (A Grupo Carso division). References ^ Delphi - Investor Relations - 2008 Form 10-K ^ SEC delisting order ^ Delphi Signs Sale Agreement for Brake Hose Business; Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 29 January 2007. ^ Delphi Signs Agreement to Sell Mexican Brake Plant, Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 15 June 2007. ^ Delphi Completes Sale of U.S. Battery Plant to JCI. 02 August 2006. ^ Delphi Completes Sale of Catalyst Business to Umicore. 1 October 2007. Delphi - Investor Relations - Press Releases ^ Hephaestus Holdings, Inc. to acquire North American wheel bearings business from Delphi Corporation. KPS Capital Partners, LP - Press Release ^ Delphi Signs Master Sale Agreement for Its Global Steering and Halfshaft Business -- Files Motion to Request Hearing With U.S. Bankruptcy Court; Steering Solutions Corporation, a Wholly Owned Entity of Platinum Equity, LLC, Is Named Lead Bidder in the Sale of Delphi Corporation's Global Steering Division. Delphi - Investor Relations - Press Releases. 10 December 2 007. ^ Delphi Signs Master Sale Agreement for Interiors and Closures Business -- Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 16 October 2007. ^ Delphi Signs Asset Sale Agreement With TRW for Certain North American Brake Component Machining and Assembly Assets -- Files Motion to Request Hearing With the Bankruptcy Court. 18 September 2007. Delphi - Investor Relations - Press Releases. ^ Delphi Signs Agreement to Sell Global Suspension and Brakes Business; Company To File Motion Requesting Court Hearings To Approve Bidding Procedures and Authorize Sale of Assets. 31 March 2009. Delphi Press Release. ^ "Delphi Names New Board". Delphi. /news/pressReleases/pressReleases_2009/pr_2009_11_04_001/. Retrieved 2009-12-19. ^ "Delphi Senior Leadership". Delphi. /about/leadership/dsb/. Retrieved 2009-12-19. ^ Political Economy Research Institute ^ Toxic 100 detailed company report (Toxics Release Inventory) ^ "Delphi to close S pain factory, cut jobs", BusinessWeek, February 23, 2007 ^ "Closure of the Delphi undertaking in Puerto Real, Cdiz", Parliamentary question submitted by Willy Meyer Pleite MEP to the European Commission ^ "Zarras dice que no permitir que Delphi 'se ra de Andaluca'", Terra.es, February 23, 2007 ^ ""Judge allows Delphi to pursue claims against investors"". Chicago Tribune. 2008-07-29. /business/chi-tue-brf4-delphi-suit-jul29,0,7303546.story. Retrieved 2008-07-29. ^ "Delphi MagneRide" Delphi Website ^ "Audi R8 Features Delphi's Revolutionary MagneRide Semi-Active Suspension" Delphi Press Release ^ /?q=content/ener1-history External links Delphi website SEC Litigation Release Slate article on bankruptcy Website concerning Delphi's ongoing bankruptcy case Delphi Monsoon Premium Audio[dead link] Categories: Auto parts suppliers | Companies established in 1999 | Automotive companies of the United States | Companies based in Troy, Michigan | Companies that have filed for Chapter 11 bankruptcy | General Motors subsidiariesHidden categories: All pages needing cleanup | Wikipedia articles needing clarification from December 2009 | All articles with dead external links | Articles with dead external links from November 2008

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Finest Online Accounting Masters Degree Program Programs and Colleges - News

Accounting or accountancy is a way of being able to put across financial data of a certain type of business. The financial info is generally put across in type of fiscal reports in terms of money about a particular management. The information is prepared so that it can be used by brokers, professionals, tax authorities or lenders.

It all includes the process of either reporting the dollar value of specific resources or verifying, verification of the expenses and the income in the books of accounting etc. Accounting also can be defined as the art of classifying, recording and making summaries in such a way that it will likely be translated in terms of money and financial characters.

Accounting masters degree can be pursued on local universities. People might also master and be prepared to venture into the work industry by applying in online masters degree program that are available through out the world wide web .

Men and women are adequately trained on how to practice once they are through with their accounting masters college degree and also on how to conduct and go about other business related elements. The elements mainly involve the financial accounting on the standard theories and principles, expenses accounting and cutting, managerial accounting, the legal aspect accounting, budget control, auditing, business information systems, statement analysis, research methods on accounting etc.

The programs require a completion study of at least 2 academic years. You will find those that were formally classified as "first professional" which may require more than 2 years due to their diverse nature.

In a span of one year, the accounting masters degree will have prepared you'll ability that are needed in venturing into the job segment. By acquiring the competencies you will be guaranteed that you may be really marketable in the current business world.

It is crucial to understand that both the liberal arts and business benefits are proportional to the masters' degree program in accounting. By enrolling into this program even if you had other qualifications, you'll be able to develop your business communication, leadership and accounting competencies which may help you in the profession in case you might decide to start your individual business in future.

The individuals who have the accounting masters' higher education degree are in pretty high demand particularly from corporations that are going through financial difficulties that are being experienced in many parts of the business community.

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Trust Accounting Software is the Key to Your Company's Success - Technology

A wide variety of trust accounting software is offered by software providers to meet the needs of different institutions. The fact that fiduciary accounting requires keeping a detailed financial record when administering a trust or when acting as estate executor for a dead person is a sensitive matter that entails the need of a fiduciary accounting software. A related case is when you want to secure wealth for an incapacitated loved one, such as a child or a person with disability. Some assets like cash in the bank does not include eligibility of your loved one in receiving Supplement Security Income (SSI) and Medicaid benefits. So that the aforementioned benefits will be enjoyed by your loved one as well, the property is left to the special needs trust instead to your loved one. While it is possible to create a special needs trust without an attorney, complicated and state-specific rules may encourage you to seek professional advice.In either case, using a special needs trust software is a wise option.

More and more businessmen opt to centralize management within their families. A family office is a form of private company where investments and trusts are managed for a single family. To achieve an efficient and a well-organized property management, governance and accounting, a family office may deploy family office software solution.Moreover, a family, an individual, or group of individuals may set up a legal entity known as a private foundation, for a purpose that is usually philanthropic in nature. This differs from a charitable foundation, which is a legal categorization of nonprofit organizations. In either case, common elements are observed under legal inspection such as management and accountability provisions, as well as economic and tax status of the foundation. A foundation trust accounting software is a vital and reliable tool to support the different functions and operations of a foundation.

The recent turmoil in economy has led investors and even working professionals to search for alternatives to traditional investments in stocks and bonds. There is now an increasing popularity of self-directed IRAs as a wise option where one can gain control over his or her own investment. This undertaking is not easy as one may need the expertise of a professional who specializes in self-directed IRAs or the aid of a self-directed IRA software tool.

When Account Management Laxity is Not an Option, Trust Accounting Software is the Key

The efficiency of manual bookkeeping is observed to dwindle along time. Considering the demand for fast-paced, timely accounting, businesses have to deal with finances and balances with utmost precision. One of the greatest solutions introduced into the world of business accounting is the application of trust accounting software in bookkeeping tasks. Financial management is now within effortless business control, as applications like such curtail the degree of intricacy attached to financial stipulations. Fiduciary accounting software treats trust bank accounts meticulously, making certain that figures are well-covered and pacts are aligned with legal compliance. For companies to secure quality accounting feat, special needs trust software must have all the features required for their accounting operations to carry on. With the swarm of foundation trust accounting software provider that exist, a business would surely be able to come across one that truly address its speci fications.

The time-consuming role of business accounting is disposed to myriad of errors and countless of slip-ups. For this reason, accountants needed to be aided with such a mind-numbing role and have a self-directed IRA software that is specialized for miscalculation recognition and inaccuracy interception. By having a suitable trust accounting software that comes with reconciliation reports, bookkeeping errors are revised, recorded and tracked. Reporting can be done in a timely manner making it an advantage for companies who call for balance updating and tracking of transactions especially the ones that were illicitly completed.

The flexibility of fiduciary accounting software transcend beyond the domains of business functions for it also caters to accounting needs of small accounts like those of families and non-profit bodies. Highly efficient family office software applications are at the same grounds as those used for industry purposes. These systems are usually designed with specific audit trails that are responsible for frequent generation of appropriate reports. These audit trails provide traces of all monetary movements to ensure that accounting performance is not only guaranteed efficient but likewise secured. Through the aid of these high-end programs, deceitful transacting, account hacking and technical mishaps are kept on record, so not a single computer event is overlooked and no unpermitted monetary movement is tolerated.

Truly dependable special needs trust software emerge superior from mediocre ones as they possess the capability to ensure flawless printing of check and deposit slips. As it is of business necessity to ensure that hard-earned funds don't slip in devious hands, having decisive proofs in the forms of deposit slips is imperative. For best accounting and safekeeping of funds, companies resort into the bank account entrusting. To enhance their degree of confidence for amidst the countless financial receipts and transfers that should transpire in operations, businesses must have a trust accounting software that provides transaction slips.

Faultless bookkeeping functions are least probable especially for companies holding multiple trust accounts. Businesses who want to avoid inadvertent withdrawals in certain allocations would surely need assets to be partitioned and allocated in different accounts. So that companies can toggle with more than a single account, they call for dependable systems that could competently perform the multitasking function. Foundation trust accounting software provided a promising solution to this upward utility. With these applications, monetary supervision along multiple reserves is made to be an effort less.

If you feel that you've overlooked several business tasks in favor of accounting toil, today is the perfect moment to budge into a well-deserved business shift. Let go of manual accounting functions and entrust this crucial business utility to highly efficient fiduciary accounting software. Allow experts like HWA International Corp. assist you in a fresh bookkeeping start. Whatever trust accounting software your personal or business trust account require, HWA International delivers them with proficiency. They also provide family office software and self-directed IRA software customized for you trust account necessities. For convenient, hassle-free accounting, drop by today!

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Microsoft MB7-255 PDF download - Education - Study Techniques

Navision 4.0 Costing MB7-255 Test

Question: 1An item has two purchase entries, 02/04/04 and 03/06/04. Each purchase was for 10 items with adirect cost of 50 LCY and 60 LCY, respectively. What would the direct cost be if a transferoccurred on 03/05/04, using the average costing method?

A - 55B - 60C - 50D - 45

Answer: C

Question: 2What is the generic formula for calculating the total acquisition cost of an item?

A - Purchase costs (+ discounts) + additional acquisition costs + indirect costsB - Purchase costs (- discounts) + additional acquisition costs - indirect costsC - Purchase costs (+ discounts) + additional acquisition costs + direct costsD - Purchase costs (- discounts) + additional acquisition costs + indirect costs

Answer: D

Question: 3Which of the following costing methods are supported by Microsoft Navision?

A - StandardB - SpecificC - AverageD - FILO

Answer: A, B, C

Question: 4What is the calculation for finding the value of ending inventory?

A - Beginning inventory + net purchases - manufacturing costB - Beginning inventory + net purchases - cost of goods soldC - Beginning inventory + value of all increases - value of all decreasesD - Beginning inventory + manufacturing cost - cost of goods sold

Answer: B

Question: 5How does Microsoft Navision treat customer and vendor returns?

A - Both are considered an increase in inventoryB - They are a decrease and increase, respectively to inventoryC - Both are considered a decrease to inventoryD - They are an increase and decrease, respectively, to inventory

Answer: D

Question: 6How does Microsoft Navision allow for the creation of lines for the items for which you want aphysical count in the Phys. Inventory Journal?A - The Calculate Accounting Period functionB - ManuallyC - The Calculate Physical Inventory functionD - The Calculate Inventory function

Answer: B, D

Question: 7How are the expected inventory costs posted to the G/L for a receipt that is posted as invoiced?

A - Credited to the Inventory (Interim) accountB - Debited to the Inventory accountC - Credited to the Direct Cost Applied accountD - Debited to the Inventory Accrual (Interim) account

Answer: A, D

Question: 8According to the Physical Inventory Journal, you are supposed to have 1250 units of item A. Aftercompleting a physical inventory count, you discover that you are 1 09 units short. How do youinput this difference into Microsoft Navision?

A - On the Physical InventoryJournal, enter-109 in the Quantityfield and postB - On the Physical InventoryJournal, enter-109 in the Qty (Physical) field and postC - On the Physical Inventory Journal, enter 1141 in the Quantity field and postD - On the Physical Inventory Journal, enter 1141 in the Qty (Physical) field and post

Answer: D

Question: 9What is the posting date for the rounding value entry for an item using the standard costingmethod and the following information?

A - 05/05/04B - 05/07/04C - 05/08/04D - 05/15/04

Answer: A

Question: 10How does Microsoft Navision handle posting cost adjustments after the accounting period if theoccurred cost has been closed?

A - The original accounting period for the occurred is reopened and the cost adjustments are madeB - The cost adjustments are applied to the current open accounting periodC - As long as the year-end process has not run, cost adjustments can be posted to any periodD - The cost adjustments are applied to the next open accounting period

Answer: B

Question: 11In which of the following scenarios will a decrease in inventory be affected by revaluation?

A - The entry number is later than the revaluation entry number and the posting date is later than the revaluation posting dateB - The entry number is earlier than the revaluation entry number and the posting date is later than the revaluation posting dateC - The entry number is earlier than the revaluation entry number and the posting date is equal to than the revaluation posting dateD - The entry number is later than the revaluation entry number and the posting date is earlier than the revaluation posting date

Answer: A, B, D

Question: 12Microsoft Navision handles rounding for which of the costing methods?

A - AverageB - FIFOC - LIFOD - Weighted

Answer: A, B, C

Question: 13For which of the following value tjpes can Microsoft Navision create separate value entries?

A - Direct costB - RoundingC - VariancesD - Scrap

Answer: A, B, C

Question: 14An item has two purchase entries, 02/04/04 and 03/06/04. Each purchase was for 10 items with adirect cost of 50 LCY and 60 LCY, respectively. What would the value of a 8 item transfer be if itoccurred on 03/07/04, using the FIFO costing method?

A - 440B - 400C - 480D - 360

Answer: B

Question: 15Microsoft Navision supports which of the following cost flow assumptions?

Original Resource :

Visit MB7-255 Link : MB7-255 Download PDF Link : MB7-255

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Delphi Corporation - Business

History 1994: General Motors forms Automotive Components Group. 1995: ACG is renamed Delphi Automotive Systems. 1997: GM and Hughes Electronics Corporation spin-off of Hughes Defense electronics business and transfer Delco Electronics from Hughes to Delphi. 1999: Delphi Automotive Systems becomes fully independent publicly held corporation. 2001: 11,500 jobs were cut worldwide (Bischoff 1A). 2002: Delphi Automotive Systems is renamed Delphi Corporation reflecting its diversified business direction. 2004: Delphi is subpoenaed by the Securities & Exchange Commission (SEC) in July for irregular accounting practices and financial transactions. 2005: Delphi discloses irregular accounting practices. A number of executives, including CFO Alan Dawes, resign. Delphi Chairman J.T. Battenberg III retires. Delphi files for Chapter 11 bankruptcy protection to reorganize its struggling U.S. operations. As a result of this action, the Securities and Exchange Commission granted an applica tion by the New York Stock Exchange to delist Delphi's common stock and bonds. The stock now trades over the counter on the Pink Sheets electronic exchange. 2005: Twenty-four plants closed down in the U.S. 2006: Delphi announced it would sell off or close 21 of its 29 plants in the United States. The eight plants it intends to keep are located in Brookhaven, Mississippi; Clinton, Mississippi; Grand Rapids, Michigan; Kokomo, Indiana; Lockport, New York; Rochester, New York; Warren, Ohio; and Vandalia, Ohio. Delphi proposes that these remaining plants will operate with wage reductions and workforce reductions. Corporate structure and leadership Delphi is structured into the following groups: Consumer Products Manufacturer Products Aftermarket & Dealer Products The company is focusing the organization on the following core strategic product lines: Controls & Security (Body Security, Mechatronics, and Displays) Electrical/Electronic Architecture (Electrical/Electronic Distributi on Systems, Connection Systems, and Electrical Centers) Entertainment & Communications (Audio, Navigation, and Telematics) Powertrain (Diesel and Gasoline Engine Management Systems) Safety (Occupant Protection and Safety Electronics) Thermal (Climate Control & Powertrain Cooling) For the list of Delphi Senior Managers see Delphi Senior Leadership. Chapter 11 Reorganization During the Chapter 11 cases, Delphi has made substantial progress in identifying and implementing the sale (or receiving Bankruptcy Court approval to sell) or wind down of those facilities and business lines that do not support the company future strategic framework, including: The sale of the brake hose manufacturing business in Dayton, Ohio to Harco Manufacturing Group, announced in January 2007. The settlement of a social plan in the "Concurso," or Spanish insolvency proceeding, of Delphi Automotive Systems Espana S.L. The sale of the Mexican brake components business, including a manufacturing plant in Saltillo, Coahuila, Mexico, to Robert Bosch LLC and its affiliate Frenados Mexicanos, S.A. de C.V., announced in June 2007. The sale of substantially all of the assets of MobileAria, Inc. to Wireless Matrix USA, Inc.; The sale of the U.S. Battery operations in New Brunswick, New Jersey to Johnson Controls, Inc. in 2006. The wind-down of a Delphi Medical Texas facility in Houston, Texas The consolidation of fuel injector production in Rochester, New York during 2006-2007, which allowed the Debtors to wind down a manufacturing facility in Coopersville, Michigan The sale of the catalyst business to Umicore Group, completed in October, 2007. The sale of the Wheel bearings business based in Sandusky, Ohio to Kyklos, Inc., which is a wholly owned subsidiary of Hephaestus Holdings, Inc., in February 2008. The sale of the Global Steering and Halfshaft Business to Steering Solutions Corporation, a wholly owned subsidiary of Platinum Equity, LLC, announced in December 2007. The Steer ing business was based in Saginaw, Michigan, and was formerly known as the Saginaw Steering Division of General Motors. The sale of the Interiors and Closures business was announced in October, 2007, to The Renco Group. This includes facilities in: Gadsden, Alabama, Cottondale, Alabama, North Kansas City, Missouri, Orion, Michigan, Adrian, Michigan, Woerth, France, Matamoros, Mexico, the SDADS Joint Venture in Shanghai, China and the KDS Joint Venture in Daegu, South Korea. The sale of certain North American Brake Component Machining and Assembly Assets to TRW Automotive Holdings, which includes sites in Saginaw, Michigan, Springhill, Tennessee, and Oshawa, Canada, announced in September 2007. The company will continue with its stated plans to sell or wind-down additional non-core product lines and manufacturing sites through 2008. Sale of global suspension and brakes business to BeijingWest announced March 31, 2009. On November 4, 2009 Delphi named a new board. John A. Krol is the chairman of the new board. Rodney O'Neal is the President and chief executive officer of the company (since January 1, 2007), replacing Robert S. "Steve" Miller. The investment bank, Rothschild, Inc., is currently advising Delphi in its Chapter 11 restructuring Environmental record Researchers at the University of Massachusetts Amherst identified Delphi corp. as the 21st-largest corporate producer of air pollution in the United States in 2002. According to the study, the manufacturer's most toxic emissions include asbestos (542 lb/yr), chromium compounds (1,082 lb/yr), lead compounds (8,466 lb/yr), and sulfuric acid (17,600 lbs/year), while the most massive emissions are glycol ethers (111,520 lbs/year) and hydrochloric acid (80,000 lb/yr). Corporate issues In February 2007 the multinational Delphi Automotive Systems Holding Inc. announced the closure of its plant in Puerto Real, Cdiz, Spain, with a loss of 1600 direct jobs and more than 2500 indirect jobs. despite h aving agreed to continue its manufacturing operations until 2010 and receiving more than EUR 25 million from various public administrations in order to guarantee its workers' jobs. The Andalusian autonomous government announced it would begin legal action against the company for breach of local labor laws. On October 8, 2005 Delphi filed for bankruptcy due to the lack of money to pay the employees. Slowly, cutting jobs and shutting down many plants around the Dayton area and nationally (Roberson). The increased competition between the U.S. and other countries in the automobile industry has been a factor in Delphi bankruptcy (Wehrman D1). Due to the economic slump, all but five of the plants in the Dayton area have closed. In May 2008, Delphi filed a lawsuit against investors. The lawsuit seeks to impose payment by investors in the amount of $2.55 billion in securities to aid Delphi as it seeks to come out of bankruptcy. U.S. Bankruptcy Judge Robert Drain in New York ruled to allow Delphi to seek payments through a contract against Appaloosa Management LP as well as denying investors' request for a cap of $250 million for damages.[clarification needed] Consumer electronics Delphi is a major player in the XM Satellite Radio and GPS market. Among their most widely recognized (and advertised) products are: Mobile Navigation NAV200 (portable GPS) TNR800 (in-dash GPS) Mobile Video Satellite Radio Myfi family MyFi (portable XM) Myfi 2 (3rd generation of XM2go) Roady Family Roady (XM) Roady 2 (XM) Roady XT (XM) Roady XT 2 (XM) Skyfi Family Skyfi (XM) SkyFi2 (XM) SkyFi3 (XM) Others XM Signal Repeater Manufacturer products Delphi designs, engineers and manufactures a wide variety of components, integrated systems and modules on a worldwide basis, and is the largest and most diversified supplier of automotive parts. In January 2000 Delphi acquired the diesel systems business of Lucas TRW, making Delphi the world's second largest manufacturer of Diesel Fue l Injection equipment. Delphi Diesel owns the brands of CAV/Simms/RotoDiesel and Condiesel, the division also runs 10 subsidiary distribution companies in Brazil, China, France, Germany, Italy, Spain, Mexico, Turkey, UK and USA. The diesel aftermarket company is headquartered in Warwick UK. Delphi also manufactures the MagneRide magneto rheological dampers, which use magnetorheological fluid to adjust the damping rate of the shock absorbers based on road conditions, to offer an effective compromise between ride and handling . These can be found on the Audi R8 , Audi TT, Chevrolet Corvette C5, Cadillac Seville STS, Ferrari 599 and select E Series HSV cars in Australia. Joint ventures EnerDel - started as a joint venture of Ener1 and Delphi. In August 2008, Ener1 bought exclusive ownership of EnerDel. Condumex - (A Grupo Carso division). References ^ Delphi - Investor Relations - 2008 Form 10-K ^ SEC delisting order ^ Delphi Signs Sale Agreement for Brake Hose Business; Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 29 January 2007. ^ Delphi Signs Agreement to Sell Mexican Brake Plant, Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 15 June 2007. ^ Delphi Completes Sale of U.S. Battery Plant to JCI. 02 August 2006. ^ Delphi Completes Sale of Catalyst Business to Umicore. 1 October 2007. Delphi - Investor Relations - Press Releases ^ Hephaestus Holdings, Inc. to acquire North American wheel bearings business from Delphi Corporation. KPS Capital Partners, LP - Press Release ^ Delphi Signs Master Sale Agreement for Its Global Steering and Halfshaft Business -- Files Motion to Request Hearing With U.S. Bankruptcy Court; Steering Solutions Corporation, a Wholly Owned Entity of Platinum Equity, LLC, Is Named Lead Bidder in the Sale of Delphi Corporation's Global Steering Division. Delphi - Investor Relations - Press Releases. 10 December 2 007. ^ Delphi Signs Master Sale Agreement for Interiors and Closures Business -- Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 16 October 2007. ^ Delphi Signs Asset Sale Agreement With TRW for Certain North American Brake Component Machining and Assembly Assets -- Files Motion to Request Hearing With the Bankruptcy Court. 18 September 2007. Delphi - Investor Relations - Press Releases. ^ Delphi Signs Agreement to Sell Global Suspension and Brakes Business; Company To File Motion Requesting Court Hearings To Approve Bidding Procedures and Authorize Sale of Assets. 31 March 2009. Delphi Press Release. ^ "Delphi Names New Board". Delphi. /news/pressReleases/pressReleases_2009/pr_2009_11_04_001/. Retrieved 2009-12-19. ^ "Delphi Senior Leadership". Delphi. /about/leadership/dsb/. Retrieved 2009-12-19. ^ Political Economy Research Institute ^ Toxic 100 detailed company report (Toxics Release Inventory) ^ "Delphi to close S pain factory, cut jobs", BusinessWeek, February 23, 2007 ^ "Closure of the Delphi undertaking in Puerto Real, Cdiz", Parliamentary question submitted by Willy Meyer Pleite MEP to the European Commission ^ "Zarras dice que no permitir que Delphi 'se ra de Andaluca'", Terra.es, February 23, 2007 ^ ""Judge allows Delphi to pursue claims against investors"". Chicago Tribune. 2008-07-29. /business/chi-tue-brf4-delphi-suit-jul29,0,7303546.story. Retrieved 2008-07-29. ^ "Delphi MagneRide" Delphi Website ^ "Audi R8 Features Delphi's Revolutionary MagneRide Semi-Active Suspension" Delphi Press Release ^ /?q=content/ener1-history External links Delphi website SEC Litigation Release Slate article on bankruptcy Website concerning Delphi's ongoing bankruptcy case Delphi Monsoon Premium Audio[dead link] Categories: Auto parts suppliers | Companies established in 1999 | Automotive companies of the United States | Companies based in Troy, Michigan | Companies that have filed for Chapter 11 bankruptcy | General Motors subsidiariesHidden categories: All pages needing cleanup | Wikipedia articles needing clarification from December 2009 | All articles with dead external links | Articles with dead external links from November 2008

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Delphi Corporation - Business

History 1994: General Motors forms Automotive Components Group. 1995: ACG is renamed Delphi Automotive Systems. 1997: GM and Hughes Electronics Corporation spin-off of Hughes Defense electronics business and transfer Delco Electronics from Hughes to Delphi. 1999: Delphi Automotive Systems becomes fully independent publicly held corporation. 2001: 11,500 jobs were cut worldwide (Bischoff 1A). 2002: Delphi Automotive Systems is renamed Delphi Corporation reflecting its diversified business direction. 2004: Delphi is subpoenaed by the Securities & Exchange Commission (SEC) in July for irregular accounting practices and financial transactions. 2005: Delphi discloses irregular accounting practices. A number of executives, including CFO Alan Dawes, resign. Delphi Chairman J.T. Battenberg III retires. Delphi files for Chapter 11 bankruptcy protection to reorganize its struggling U.S. operations. As a result of this action, the Securities and Exchange Commission granted an applica tion by the New York Stock Exchange to delist Delphi's common stock and bonds. The stock now trades over the counter on the Pink Sheets electronic exchange. 2005: Twenty-four plants closed down in the U.S. 2006: Delphi announced it would sell off or close 21 of its 29 plants in the United States. The eight plants it intends to keep are located in Brookhaven, Mississippi; Clinton, Mississippi; Grand Rapids, Michigan; Kokomo, Indiana; Lockport, New York; Rochester, New York; Warren, Ohio; and Vandalia, Ohio. Delphi proposes that these remaining plants will operate with wage reductions and workforce reductions. Corporate structure and leadership Delphi is structured into the following groups: Consumer Products Manufacturer Products Aftermarket & Dealer Products The company is focusing the organization on the following core strategic product lines: Controls & Security (Body Security, Mechatronics, and Displays) Electrical/Electronic Architecture (Electrical/Electronic Distributi on Systems, Connection Systems, and Electrical Centers) Entertainment & Communications (Audio, Navigation, and Telematics) Powertrain (Diesel and Gasoline Engine Management Systems) Safety (Occupant Protection and Safety Electronics) Thermal (Climate Control & Powertrain Cooling) For the list of Delphi Senior Managers see Delphi Senior Leadership. Chapter 11 Reorganization During the Chapter 11 cases, Delphi has made substantial progress in identifying and implementing the sale (or receiving Bankruptcy Court approval to sell) or wind down of those facilities and business lines that do not support the company future strategic framework, including: The sale of the brake hose manufacturing business in Dayton, Ohio to Harco Manufacturing Group, announced in January 2007. The settlement of a social plan in the "Concurso," or Spanish insolvency proceeding, of Delphi Automotive Systems Espana S.L. The sale of the Mexican brake components business, including a manufacturing plant in Saltillo, Coahuila, Mexico, to Robert Bosch LLC and its affiliate Frenados Mexicanos, S.A. de C.V., announced in June 2007. The sale of substantially all of the assets of MobileAria, Inc. to Wireless Matrix USA, Inc.; The sale of the U.S. Battery operations in New Brunswick, New Jersey to Johnson Controls, Inc. in 2006. The wind-down of a Delphi Medical Texas facility in Houston, Texas The consolidation of fuel injector production in Rochester, New York during 2006-2007, which allowed the Debtors to wind down a manufacturing facility in Coopersville, Michigan The sale of the catalyst business to Umicore Group, completed in October, 2007. The sale of the Wheel bearings business based in Sandusky, Ohio to Kyklos, Inc., which is a wholly owned subsidiary of Hephaestus Holdings, Inc., in February 2008. The sale of the Global Steering and Halfshaft Business to Steering Solutions Corporation, a wholly owned subsidiary of Platinum Equity, LLC, announced in December 2007. The Steer ing business was based in Saginaw, Michigan, and was formerly known as the Saginaw Steering Division of General Motors. The sale of the Interiors and Closures business was announced in October, 2007, to The Renco Group. This includes facilities in: Gadsden, Alabama, Cottondale, Alabama, North Kansas City, Missouri, Orion, Michigan, Adrian, Michigan, Woerth, France, Matamoros, Mexico, the SDADS Joint Venture in Shanghai, China and the KDS Joint Venture in Daegu, South Korea. The sale of certain North American Brake Component Machining and Assembly Assets to TRW Automotive Holdings, which includes sites in Saginaw, Michigan, Springhill, Tennessee, and Oshawa, Canada, announced in September 2007. The company will continue with its stated plans to sell or wind-down additional non-core product lines and manufacturing sites through 2008. Sale of global suspension and brakes business to BeijingWest announced March 31, 2009. On November 4, 2009 Delphi named a new board. John A. Krol is the chairman of the new board. Rodney O'Neal is the President and chief executive officer of the company (since January 1, 2007), replacing Robert S. "Steve" Miller. The investment bank, Rothschild, Inc., is currently advising Delphi in its Chapter 11 restructuring Environmental record Researchers at the University of Massachusetts Amherst identified Delphi corp. as the 21st-largest corporate producer of air pollution in the United States in 2002. According to the study, the manufacturer's most toxic emissions include asbestos (542 lb/yr), chromium compounds (1,082 lb/yr), lead compounds (8,466 lb/yr), and sulfuric acid (17,600 lbs/year), while the most massive emissions are glycol ethers (111,520 lbs/year) and hydrochloric acid (80,000 lb/yr). Corporate issues In February 2007 the multinational Delphi Automotive Systems Holding Inc. announced the closure of its plant in Puerto Real, Cdiz, Spain, with a loss of 1600 direct jobs and more than 2500 indirect jobs. despite h aving agreed to continue its manufacturing operations until 2010 and receiving more than EUR 25 million from various public administrations in order to guarantee its workers' jobs. The Andalusian autonomous government announced it would begin legal action against the company for breach of local labor laws. On October 8, 2005 Delphi filed for bankruptcy due to the lack of money to pay the employees. Slowly, cutting jobs and shutting down many plants around the Dayton area and nationally (Roberson). The increased competition between the U.S. and other countries in the automobile industry has been a factor in Delphi bankruptcy (Wehrman D1). Due to the economic slump, all but five of the plants in the Dayton area have closed. In May 2008, Delphi filed a lawsuit against investors. The lawsuit seeks to impose payment by investors in the amount of $2.55 billion in securities to aid Delphi as it seeks to come out of bankruptcy. U.S. Bankruptcy Judge Robert Drain in New York ruled to allow Delphi to seek payments through a contract against Appaloosa Management LP as well as denying investors' request for a cap of $250 million for damages.[clarification needed] Consumer electronics Delphi is a major player in the XM Satellite Radio and GPS market. Among their most widely recognized (and advertised) products are: Mobile Navigation NAV200 (portable GPS) TNR800 (in-dash GPS) Mobile Video Satellite Radio Myfi family MyFi (portable XM) Myfi 2 (3rd generation of XM2go) Roady Family Roady (XM) Roady 2 (XM) Roady XT (XM) Roady XT 2 (XM) Skyfi Family Skyfi (XM) SkyFi2 (XM) SkyFi3 (XM) Others XM Signal Repeater Manufacturer products Delphi designs, engineers and manufactures a wide variety of components, integrated systems and modules on a worldwide basis, and is the largest and most diversified supplier of automotive parts. In January 2000 Delphi acquired the diesel systems business of Lucas TRW, making Delphi the world's second largest manufacturer of Diesel Fue l Injection equipment. Delphi Diesel owns the brands of CAV/Simms/RotoDiesel and Condiesel, the division also runs 10 subsidiary distribution companies in Brazil, China, France, Germany, Italy, Spain, Mexico, Turkey, UK and USA. The diesel aftermarket company is headquartered in Warwick UK. Delphi also manufactures the MagneRide magneto rheological dampers, which use magnetorheological fluid to adjust the damping rate of the shock absorbers based on road conditions, to offer an effective compromise between ride and handling . These can be found on the Audi R8 , Audi TT, Chevrolet Corvette C5, Cadillac Seville STS, Ferrari 599 and select E Series HSV cars in Australia. Joint ventures EnerDel - started as a joint venture of Ener1 and Delphi. In August 2008, Ener1 bought exclusive ownership of EnerDel. Condumex - (A Grupo Carso division). References ^ Delphi - Investor Relations - 2008 Form 10-K ^ SEC delisting order ^ Delphi Signs Sale Agreement for Brake Hose Business; Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 29 January 2007. ^ Delphi Signs Agreement to Sell Mexican Brake Plant, Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 15 June 2007. ^ Delphi Completes Sale of U.S. Battery Plant to JCI. 02 August 2006. ^ Delphi Completes Sale of Catalyst Business to Umicore. 1 October 2007. Delphi - Investor Relations - Press Releases ^ Hephaestus Holdings, Inc. to acquire North American wheel bearings business from Delphi Corporation. KPS Capital Partners, LP - Press Release ^ Delphi Signs Master Sale Agreement for Its Global Steering and Halfshaft Business -- Files Motion to Request Hearing With U.S. Bankruptcy Court; Steering Solutions Corporation, a Wholly Owned Entity of Platinum Equity, LLC, Is Named Lead Bidder in the Sale of Delphi Corporation's Global Steering Division. Delphi - Investor Relations - Press Releases. 10 December 2 007. ^ Delphi Signs Master Sale Agreement for Interiors and Closures Business -- Files Motion to Request Hearing With the Bankruptcy Court. Delphi - Investor Relations - Press Releases. 16 October 2007. ^ Delphi Signs Asset Sale Agreement With TRW for Certain North American Brake Component Machining and Assembly Assets -- Files Motion to Request Hearing With the Bankruptcy Court. 18 September 2007. Delphi - Investor Relations - Press Releases. ^ Delphi Signs Agreement to Sell Global Suspension and Brakes Business; Company To File Motion Requesting Court Hearings To Approve Bidding Procedures and Authorize Sale of Assets. 31 March 2009. Delphi Press Release. ^ "Delphi Names New Board". Delphi. /news/pressReleases/pressReleases_2009/pr_2009_11_04_001/. Retrieved 2009-12-19. ^ "Delphi Senior Leadership". Delphi. /about/leadership/dsb/. Retrieved 2009-12-19. ^ Political Economy Research Institute ^ Toxic 100 detailed company report (Toxics Release Inventory) ^ "Delphi to close S pain factory, cut jobs", BusinessWeek, February 23, 2007 ^ "Closure of the Delphi undertaking in Puerto Real, Cdiz", Parliamentary question submitted by Willy Meyer Pleite MEP to the European Commission ^ "Zarras dice que no permitir que Delphi 'se ra de Andaluca'", Terra.es, February 23, 2007 ^ ""Judge allows Delphi to pursue claims against investors"". Chicago Tribune. 2008-07-29. /business/chi-tue-brf4-delphi-suit-jul29,0,7303546.story. Retrieved 2008-07-29. ^ "Delphi MagneRide" Delphi Website ^ "Audi R8 Features Delphi's Revolutionary MagneRide Semi-Active Suspension" Delphi Press Release ^ /?q=content/ener1-history External links Delphi website SEC Litigation Release Slate article on bankruptcy Website concerning Delphi's ongoing bankruptcy case Delphi Monsoon Premium Audio[dead link] Categories: Auto parts suppliers | Companies established in 1999 | Automotive companies of the United States | Companies based in Troy, Michigan | Companies that have filed for Chapter 11 bankruptcy | General Motors subsidiariesHidden categories: All pages needing cleanup | Wikipedia articles needing clarification from December 2009 | All articles with dead external links | Articles with dead external links from November 2008

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1 What Is Accounting Anyway

What Is Accounting Anyway?

Anyone who's worked in an office at some point or another has had to go to accounting. They're the people who pay and send out the bills that keep the business running. They do a lot more than that, though. Sometimes referred to as "bean counters" they also keep their eye on profits, costs and losses. Unless you're running your own business and acting as your own accountant, you'd have no way of knowing just how profitable - or not - your business is without some form of accounting.

No matter what business you're in, even if all you do is balance a checkbook, that's still accounting. It's part of even a kid's life. Saving an allowance, spending it all at once - these are accounting principles.

What are some other businesses where accounting is critical? Well, farmers need to follow careful accounting procedures. Many of them run their farms year to year by taking loans to plant the crops. If it's a good year, a profitable one, then they can pay off their loan; if not, they might have to carry the loan over, and accrue more interest charges.

Every business and every individual needs to have some kind of accounting system in their lives. Otherwise, the finances can get away from them, they don't know what they've spent, or whether they can expect a profit or a loss from their business. Staying on top of accounting, whether it's for a multi-billion dollar business or for a personal checking account is a necessary activity on a daily basis if you're smart. Not doing so can mean anything from a bounced check or posting a loss to a company's shareholders. Both scenarios can be equally devastating.

Accounting is basically information, and this information is published periodically in business as a profit and loss statement, or an income statement.

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Accounting

Accounting

Are you very much interested in accounting? Well, if you are, you should take up accounting education. By doing so, you will gain systematic knowledge about the different practices and skills involved in accountancy and business.

What is the meaning of accounting? It is defined as the art of systematic recording and analyzing of financial business transactions. The history of acounting dates back many years ago. Accounting is already an essential part of modern education. Every nation needs accounting because it is the key to economic development.

If you want to pursue an accounting course, you should first choose a university or college. There are local universities and colleges that you can enroll in for an accounting course. If you prefer attending college abroad, you may do so. But make sure that you choose the university or college wisely. You also have to determine where you will stay when you

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Accountancy Career The Reasons Why You Should Choose Accounting

Accountancy Career: The Reasons Why You Should Choose Accounting

Accounting or accountancy is one of the best careers available today. Accountants are always on demand and the fields or jobs that you can choose from are huge. This means that there are a lot of opportunities for having a career as an accountant and you also have a lot of career choice to choose from.

In accounting, you will see that there are lots of things that you can benefit from. Here, you will see that it will be able to help you gain experience in the field of accounting as well as learn a lot about the inner workings of businesses. It basically means that it will teach you on how to organize and run your own business.

In fact, most successful entrepreneurs started out as accountants. The knowledge they gained in this line of work eventually paid off and they are now continuing to build a business empire. If you too would want to become like most of the successful accountants today, then you will want to know the skills required in accounting.

Basically, the required skills are not that high except for two areas. The first is your analytical skills and the second is your computer skills.

If you compare the accounting field to other professions out there, you will see that most of it will require a skill, such as having some type of attention to detail as well as knowledge about computers. However, you have to remember that in accounting, there are different skills and knowledge needed than the rest of other professions.

Here, you don't need to know how to socialize with other people. You will work in a self-pressure environment only and you also do not need a high amount of initiative. It's not saying that accounting is much easier than other jobs, but it just means that it is different. It basically separates this profession from other types of careers.

The best feature in becoming an accountant is that you really don

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How to Write a Cover Letter for Accounting Job - Careers - Resumes

How to write a cover letter for accounting job

The accounting field provides a wide range of job opportunities to fresher and experienced candidates. Although the basic nature of all the accounting jobs is same, there are different positions in this field. The field of accounting is expanding quickly and there are many developments being made in the field. It is a structured and organized field. When applying for the accounting position in any company, your accounting letter should be well organized and in a proper format. Accounting is all about maintaining the records and preparing the reports. If your letter is not well organized, employer will definitely consider that you are not good at maintaining the financial records.

Accounting Cover Letter

When you are applying for the accounting position, you must begin your cover letter by telling about the reason for applying for the position. Explain to the employer the things in the accounting jobs that interest you and why you find yourself suitable for this position. Accounting cover letter should say a lot about your personality and describe your professional experiences precisely.

Letters are written to make an initial impression on the employers. It is important to write them aptly and summarize the details correctly for better impact. The language used in the letter should be grammatically correct. Use the action words in active voice to portray your confidence and optimism.

Designing your Accounting Job Cover Letter

You can make your accounting cover letter noticeable by keeping in mind three fundamental points:

Knowledge of FieldIt is important to have expertise in handling various accounting tools. You must have in detail knowledge of the subject.

Explain your InterestEmployers are always looking for the candidates those are really interested in working in the position. You need to show your interest in the applied accounting position. You can demonstrate your willingness for the job by showing your assurance and keenness to take on the entire workload.

Match your Qualifications according to the job Requirements It is important to match your existing skills and qualifications according to the requirements of the job. Recruiting managers will prefer the candidates those have researched about the company profile before applying for the job.

Accounting Letter Format

The following accounting cover letter format will explain you how to write the cover letter for accounting positions and what to include in such letters. These letters will introduce the candidate to the employers and tell them about their suitability for the accounting position. The format for cover letter is as follows:

Cover letter is not an alternative for resume but it is written to accompany your resume when you send an application for the job. It can be said as the short version of your resume. It tells the employer why you are suitable for the job and what are your job specific qualities that separates you from other candidates. It is our first chance to make an impression on the recruiter and it should look professional.

Format Cover letter is generally divided in three paragraphs. The first section in the letter is generally reserved for an introduction. Here you have to introduce yourself to the employer. In this paragraph tell to the employer about the job position you are willing to seek and tell them any specific reason why you feel qualified for the position.

Next is the body of the letter. Here you can talk about the past job experiences, skills and accomplishments. Present these details in the bullet-ed points. This will make your details simple and easy so that employer can go through it at first instance.

At the end of the letter, express thanks the addressee for sparing their precious time and reading the letter. Read your letter once again to check the flow of information and any grammatical errors. The heading of the cover letter and the resume must be same. Mention the name of the HR manager whenever necessary.

From the above format, you will get complete idea of writing the cover letter for accounting jobs. Improve your chances of selection by designing a job specific cover letter and get noticed by the recruiter.

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Sports Management Degree Online - Sports - Track and Field

If you are interested in anything that concerns sports like fitness management, sports coaching and sports studies among others, then a sports management degree online program is just what you need. There are actually various programs and courses you can take within this field of study. This includes sports science, athlete management, sports revenue management, sports medicine and more.

These days, you can develop your love for sports into a promising career. We used to look up to professional athletes and think that they are the only ones who can turn their passion for sports into high paying careers. This is no longer the case.

Sports is a multi billion dollar industry that features a wide range of behind-the-scenes-jobs that are necessary to make the industry function. Consequently, there are myriad opportunities in marketing, management, supervisory positions, coaching, athletic management, public relation, advertising etc.

Sports management is one of the most exciting careers because it requires individuals who is both familiar with the physical and business side of sports. What a sports manager does is crucial to the success of a team. To excel in this career, you need to have marketing and business aptitude; be willing to work long hours and have the ability to negotiate and communicate well and have a love for the game you represent.

Competition for most positions in this field is intense. However, if you are armed with an accredited sports management degree online and are a go-getter, you possess what it takes to reach the top.

Similar to programs offered at traditional colleges, online sports management degree programs are also offered from bachelor's and master's levels to doctoral level. If you have a background in marketing, law or business, this degree program is right up your alley.

The curriculum includes courses in athletic management, business management, marketing and accounting. These are the type of courses that will give you the foundation to succeed in this field.

The job opportunities and salaries available in this field vary according to depending in your area of sports management. Public relations specialists earn an average of about $50,000+ a year and college level sports administrators earn an average of $76,000+ per year.Similar to programs offered at traditional colleges, online sports management degree programs are also offered from bachelor's and master's levels to doctoral level. If you have a background in marketing, law or business, this degree program is right up your alley.

The curriculum includes courses in athletic management, business management, marketing and accounting. These are the type of courses that will give you the foundation to succeed in this field.

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Small Business Accounting Sofware - What Modules Are Essential When Buying Accounting Software? - Business - Small Business

There are many different accounting software products available in the open market. Choosing the right package can be a confusing and daunting task if you are uncertain about what you should be looking for. With so many accounting software products to choose from the question of business requirements is becoming ever more important. Any business that is looking to invest in accounting software needs to think about what their requirements are before starting to look at specific products. By doing this thinking the small business owners give themselves a better chance of getting a product that matches their business requirements and cost budget. Unfortunately many owners of small businesses are unaware of their business requirements and more specifically the makings of an accounting software system.

This article is designed to describe the core and non-core modules that make up an accounting software solution. This will help you start to think about how accounting software products are made and which modules you require and which you don't.

What are the Core Accounting Software Modules:

General Ledger - This is the part of the accounting software that creates the company books. It effectively takes all of the financial activity of the business and summarises into a simple to understand set of accounts. This is very valuable for quick and simple end year financial reporting.

Accounts Payable - this is the opposite of accounts receivable. It is an accounting module that allows the user to track transactions to suppliers for goods and services purchased. In order to manage finances well it is critical that outgoings are checked and well managed.

Accounts Receivable - in essence this tracks money that is payable to you and helps you process the receipt of payment. This type of module is essential in any business taking money. As cash flow is the life blood of any small business collecting owed money is the most essential part of business. Hence this accounting modules importance!

Inventory System - Gives general information of the quantity of stocks within the business and where they should be located. I would say this is only core for a retail business or businesses in based on selling physical stock. (If you are a services business or an electronic trader this module is not required.)

What are the Non-Core Accounting Software Modules:

Payroll - This accounting module allows a business to be able to successfully manage the payment management to staff within the business. Everything from wages, bonuses, holidays, time in lieu is able to be dealt with quickly and effectively in one system. This is obviously very useful for businesses with a large scale employee base.

Electronic Banking - This gives you the ability to link you accounting software solution to your business bank account. This allows you to have up to the minute accurate financial information in your accounting software but also allows you to make financial changes in one place

Fixed Assets - This acts as a register for you to store all of your fixed assets and equipment. This module simply allows you to keep on top of what assets you have within your business and what equipment is used.

Time Billing - Able to track the time spent and expenses occurred on each client. Very useful for service related businesses that need to keep a tight grip on time spent per client.

Job Costing - This is very useful for project based businesses. It allows you to store all of the expenses, income and profitability of all jobs taken on by the business. It can be very difficult when a business is taking on several multiple jobs at any one time to separate the profitability of each job. But it is very important to do so in order to ensure that the business continues to take on profitable business and limit non profitable business.

It goes without saying that the more of these modules an accounting software system has the more expensive it will be. It is therefore very important to ensure that you only purchase an accounting software solution that fits your business. There is no point paying for payroll within your accounting software solution if you have no staff or inventory management if you are a service trader. Think carefully about both your business requirements and the modules that you require and you will get a good product that will drive value in your business.

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Small Business Accounting Sofware - What Modules Are Essential When Buying Accounting Software? - Business - Small Business

There are many different accounting software products available in the open market. Choosing the right package can be a confusing and daunting task if you are uncertain about what you should be looking for. With so many accounting software products to choose from the question of business requirements is becoming ever more important. Any business that is looking to invest in accounting software needs to think about what their requirements are before starting to look at specific products. By doing this thinking the small business owners give themselves a better chance of getting a product that matches their business requirements and cost budget. Unfortunately many owners of small businesses are unaware of their business requirements and more specifically the makings of an accounting software system.

This article is designed to describe the core and non-core modules that make up an accounting software solution. This will help you start to think about how accounting software products are made and which modules you require and which you don't.

What are the Core Accounting Software Modules:

General Ledger - This is the part of the accounting software that creates the company books. It effectively takes all of the financial activity of the business and summarises into a simple to understand set of accounts. This is very valuable for quick and simple end year financial reporting.

Accounts Payable - this is the opposite of accounts receivable. It is an accounting module that allows the user to track transactions to suppliers for goods and services purchased. In order to manage finances well it is critical that outgoings are checked and well managed.

Accounts Receivable - in essence this tracks money that is payable to you and helps you process the receipt of payment. This type of module is essential in any business taking money. As cash flow is the life blood of any small business collecting owed money is the most essential part of business. Hence this accounting modules importance!

Inventory System - Gives general information of the quantity of stocks within the business and where they should be located. I would say this is only core for a retail business or businesses in based on selling physical stock. (If you are a services business or an electronic trader this module is not required.)

What are the Non-Core Accounting Software Modules:

Payroll - This accounting module allows a business to be able to successfully manage the payment management to staff within the business. Everything from wages, bonuses, holidays, time in lieu is able to be dealt with quickly and effectively in one system. This is obviously very useful for businesses with a large scale employee base.

Electronic Banking - This gives you the ability to link you accounting software solution to your business bank account. This allows you to have up to the minute accurate financial information in your accounting software but also allows you to make financial changes in one place

Fixed Assets - This acts as a register for you to store all of your fixed assets and equipment. This module simply allows you to keep on top of what assets you have within your business and what equipment is used.

Time Billing - Able to track the time spent and expenses occurred on each client. Very useful for service related businesses that need to keep a tight grip on time spent per client.

Job Costing - This is very useful for project based businesses. It allows you to store all of the expenses, income and profitability of all jobs taken on by the business. It can be very difficult when a business is taking on several multiple jobs at any one time to separate the profitability of each job. But it is very important to do so in order to ensure that the business continues to take on profitable business and limit non profitable business.

It goes without saying that the more of these modules an accounting software system has the more expensive it will be. It is therefore very important to ensure that you only purchase an accounting software solution that fits your business. There is no point paying for payroll within your accounting software solution if you have no staff or inventory management if you are a service trader. Think carefully about both your business requirements and the modules that you require and you will get a good product that will drive value in your business.

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Shaw Capital Management Factoring: Oil Scarcity and its impact on the Global Economy - News - Business News

TUESDAY, 03 MAY 2011 10:11WRITTEN BY GLEN ASHER

In the latest edition of the International Monetary Fund's World Economic Outlook publication, the IMF dedicates a chapter entitled "Oil Scarcity, Growth and Global Imbalances" to an examination of the world's oil markets and the impact of growing oil scarcity on the world's economy. In this document, the IMF seeks to answer the current status of oil scarcity, how oil scarcity will impact the global economy and how oil scarcity will impact economic policies around the world.Now that the price of both Brent and West Texas Intermediate seem solidly positioned above $100 per barrel for the first time since 2008, this is a timely study. Demand for oil has risen and, for some major consumers such as China, consumption levels have reached new records. Since oil is central to the world's economy, the impact of oil price volatility is key to economic growth and security. While oil prices have risen and fallen over the past 4 decades, it is only now that the issue of looming oil sc arcity is becoming increasingly discussed.The authors of the report believe that the world is, in fact, reaching a point of increasing oil scarcity. Demand from emerging economies is acting in concert with decreasing levels of growth in supply resulting in increasing tension in the world's oil markets. The IMF distinguishes between an absolute drop in supply (decreasing absolute daily oil production level) and a drop in the level of oil supply growth. If oil supply growth were to drop by one percentage point, annual global economic growth would slow by an annual rate of one-quarter of a point over the medium to long term. On the other hand, a steady decline in absolute oil supply levels would have a much greater negative impact on the global economy even if there is an increase in substitution of other energy sources in the place of oil. As well, the pace of the rise in oil scarcity will also affect the level of impact on the world's economy; should there be sudden downward trends in supply, the economic impact will be far greater than if supply constraints were gradual.Let's start by looking at the concept of oil scarcity and the extent of the issue. To put the importance of oil to the worlds economy into perspective, oil is a key factor in production and transportation and is the world's most widely traded commodity with world exports averaging $1.8 trillion annually over the years 2007 to 2009, about 10 percent of global exports. Oil prices generally follow the economic law of supply and demand. When demand rises, if the supply is steady, prices will generally rise which will ultimately result in both an increase in supply and a drop in demand. The price of oil generally reflects the opportunity cost of bringing an additional barrel of oil to the market place. In general and over time, a high price generally implies that oil (or any other commodity) either is (or is anticipated to be) scarce while a low price generally implies abundance. Sho rt term market fluctuations can occur that will lead to price spikes such as those seen in the 1970s OPEC embargo or the Gulf War in 1991 when the price spiked to just over $40 per barrel from just under $10 per barrel just five years earlier. Over the longer term, oil price changes generally appear to be relatively smooth with a gentle rise prior to the rapid rise and fall in 2008 - 2009 which reflected issues in the world's economy rather than oil market macroeconomic factors.The concept of oil scarcity is a contentious one. Many authorities in the oil industry now acknowledge that the world may well be entering a point of supply constraints. The decline in oil availability reflects the constraints placed by nature on the ability of the industry to profitably explore for and produce reserves. When prices are low, the oil industry generally reduces capital expenditures which places downward pressures on supply. On the other hand, mounting oil prices have resulted in technol ogical advancements that have impacted industry's ability to bring certain reserves to market, for example, the advent of both deep water drilling and multi-stage hydraulic have allowed the industry to invest in higher risk/lower productivity play types. It is the widespread use of enhanced technology that is now depressing natural gas prices in North America where both horizontal drilling and multi-state fracking have resulted in an oversupplied natural gas market.The scarcity of oil is also related to the properties of the commodity. Oil has unique physical properties that make substitution difficult, particularly in the chemical industry where it forms the feedstock for many of the items that we use in our daily lives. If substitutes for oil for these products were found, oil supply constraints would have less of an impact on prices since rising demand for the substitute would dampen oil price volatility.One of the fundamental factors that impacts the world's economy is t he fact that oil is the world's most important source of primary energy with over 33 percent of the world's total with coal accounting for 28 percent and natural gas accounting for 23 percent. In recent years, the world has experienced increased rates of growth in energy consumption, particularly from China who is now the world's number one overall energy consumer. For the foreseeable future, growth in China's economy will be the primary driver of increases in global energy use. In general, the world's developed economies (OECD nations) expand with little increase in energy usage, however, those non-OECD nations in lower income countries have a one-to-one relationship between economic growth and energy usage

Given the one-to-one relationship noted above, the IMF forecasts that China's energy consumption is predicted to double by 2017 and triple by 2035 in comparison to its 2008 level. In 2000, China consumed 6 percent of the world's overall oil consumption, this rose to nearly 11 percent in 2010 with coal accounting for 71 percent of total energy consumption and oil for 19 percent.The IMF study also examined the elasticity of oil. Elasticity is defined as "...the ratio of the percent change in one variable to the percent change in another variable. It is a tool for measuring the responsiveness of a function to changes in parameters in a unitless way..." The IMF found that an oil price increase of 10 percent leads to only a 0.2 percent reduction in demand (low elasticity). Over a longer term of 20 years, that 10 percent price increase reduces demand by only 0.7 percent, a very insignificant amount. When looking at oil demand based on income, over the short-term, a 1 percent inc rease in income results in a 0.68 percent increase in oil demand; this drops to 0.29 percent over the longer term. This is far lower than the increase in demand for total energy consumption meaning that as incomes rise, over the short-term, people increase their demand for oil but over the longer term, while their demand for all energy sources increases, they substitute other fuels for oil. It is interesting to note that the demand for oil among the developed nations of the OECD changes very little when the price of oil rises when compared to the demand of non-OECD nations. This is likely because during the oil price shocks of the 1970s and 1980s, nations such as the United States and France switched from oil to other means of power generation such as coal and nuclear. The economies of the more developed nations are somewhat more immune from increases in the price of oil since their power generation does not require the use of oil. The same cannot yet be said for those natio ns with less mature economies who still rely more heavily on oil.What impact will increasing oil scarcity have on the global economy? Strong and increasing oil demand is expected from emerging market economies where rapid income growth is being experienced. Since oil production appears to have reached a plateau over the past decade, supply and demand could well fall out of balance. As I noted above, even a drop in the average growth rate of oil production (not a drop in the absolute level of oil production) will have an impact on the world economy. To put the following scenarios into perspective, oil production has grown at a historical rate of 1.8 percent annually.Now let's look at two of the IMF oil scarcity scenarios:1.) Oil production growth drops by a persistent 1 percent annual growth rate: In this case, an immediate oil price spike of 60 percent is predicted by the IMF models. Over a 20 year period, a 200 percent increase in the price of oil is predicted. This will re sult in a massive wealth transfer from consuming nations to exporting nations and will result in a much lower GDP for oil importers that is at least partially offset by a higher GDP for oil exporting nations. On the upside, increased demand for goods from oil importers results in increased exports of these goods by the wealthier oil exporting nations. Overall, the IMF feels that global economic growth is slowed by less than one-quarter of a percent annually over the medium and long term if oil production growth slows gradually. 2.) Oil production growth drops by a persistent 3.8 percent annual growth rate: This scenario is more closely related to scenario anticipated by the proponents of "peak oil". In this case, an immediate oil price spike of 200 percent is predicted by the IMF models. Over a 20 year period, an 800 percent increase in the price of oil is predicted. Price changes of this magnitude have never been experienced by the world's economy and the impact would make it very difficult to carry out monetary policy. The economies of emerging Asia would be highly impacted since their economic growth is at a one-to-one ratio with energy usage. As well, the economies of those nations that have weak links to oil exporting nations, such as the United States, would be highly impacted. It is likely that if oil output decreased substantially, oil exporting nations might well reserve an increasing share of their production for domestic use, shrinking the amount of oil available for the world's oil markets. This could have the ultimate result of shrinking the world's supply of oil far faster than would normally be anticipated. A persistent decline in oil production growth of this size would result in larger current account imbalances (exports minus imports) among nations with oil importing nations experiencing a 6 to 8 percentage point drop in GDP over the long term.The state of oil scarcity can be mitigated by changes in government policy toward th e development of sustainable sources of energy, particularly among nations that are net importers of oil. Changes in policy will also be required for nations that use subsidies to keep energy costs reasonable for their citizens. As oil scarcity results in higher prices, the fiscal cost of fuel subsidies could overwhelm the fiscal situation of these governments. Removing such subsidies has often resulted in civil unrest, however, on the other hand, the reduction in subsidies would also allow market forces to work their way through the system to reduce demand as prices rise. In place of subsidies, these governments will need to implement an enhanced social safety network to ensure that their citizens do not face increased poverty.Governments around the world face a conundrum; by ignoring the issue now, the world's addiction to oil continues to rise unabated. By acting too soon to curtail oil consumption through the use of policy interventions, the world's economy could be thro wn into a premature economic malaise. Since the scarcity of oil is a global problem, it is critical that governments throughout the world act in a cooperative manner to ensure that the ultimate outcome is one that is advantageous to all of us. The sooner that action is taken, the better for everyone.

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Zhejiang financial operation overall keep stablely - Business

Reporters today from the people's bank hangzhou central subbranch of the previous three quarters of this year to lead held the economic and financial situation analysis meeting that, since this year, the financial institutions and loan growth slowdown, input structure continues to improve, the overall financial running smoothly.

According to introducing, the first nine months of the year, zhejiang province new financial institutions fixed deposit of 556.72 billion yuan, an increase of 281.99 billion yuan less, deposit balance year-on-year growth of 12.1%, the growth in the first half and the same period last year than dropped 6.3 and 9.5% respectively.

At the same time, the steady monetary policy effect continue to appear, zhejiang financial institutions mortgages moderate growth, growth dropped from month to month present situation. By late September, the financial institutions new loans 513.42 billion yuan, an increase of 121.93 billion yuan less, the loan balance year-on-year growth of 14.1%, year-on-year growth in the first half and than were down 1.2 and 5.6%.

In total loans moderate growth at the same time, "have helped have accused of" credit policy in zhejiang effectively carry out, the supply of credit highlight, the structure is optimized. One is to continue to focus on the real economy. January to September, the foreign currency denominated loan manufacturing new 197.28 billion yuan, accounting for 38.8% of all loans increment, a proportion of 5.1% year-on-year increase; Wholesale and retail foreign currency denominated loan new 97.07 billion yuan, accounting for 19.1% of all loans increment, a proportion of 10% increase over the same period. From the term structure of see, meet the demand of the enterprise capital flow of short-term loans than rising. Late September, the short-term loans year-on-year growth of 18.9%, higher than the long-term loan growth of 11.2%; Than at the new 405.6 billion yuan, accounting for 79.0% of the growth in the loan, up 17.6%. 2 it is small and medium-sized enterprise loan growth sharply. Jan uary to September, the small and medium-sized enterprise loan increased by 268.92 billion yuan, accounting for 85.0% of the growth in loan all enterprise; Among them, to small businesses the support strength is more outstanding. January to September, small business loans increased by 160.53 billion yuan, accounting for 50.8% of the growth in all business loans, up 2.9%.

The meeting noted that, the province's financial institutions to firm the confidence, to respond calmly and conscientiously implement the prime minister wen jiabao of zhejiang important speech spirit, continue to correct carry out the steady monetary policy, keep society financing scale reasonable growth and improve the credit structure, make great efforts to improve for small and medium-sized enterprises of the financial service level, and to strengthen the financial risk monitoring and control, ensure that financial effectively support economic transformation and upgrade. All financial institutions to optimize the credit structure, increase the credit to small and medium-sized enterprises in the current funding efforts work the outstanding position, and endeavor to grow in small and medium enterprise credit amount, ensure that small and medium-sized enterprise loans and small micro enterprise loans in the proportion of all business loans are rising, small and medium-size d enterprise loans and small micro enterprise lending growth are higher than the full loan growth. To small and medium enterprises to optimize credit, combined with the small and medium enterprise "growth to breed" project, give priority to entrepreneurial type, innovative, extroversion, supporting type, type brand small and medium-sized enterprises, especially the capital requirements of small enterprises and increase investment in high and new technology industry, energy conservation and environmental protection industry, modern service industry of the small and medium-sized enterprise credit supply, focus on the emerging industry development, the sea strategic economic development demonstration area construction, zhoushan islands new city construction and yiwu international trade comprehensive reform pilot field of middle and small enterprises related financial support. To deepen the small and medium-sized enterprise financial product innovation, to small and medium-sized enterprise financial service center construction of high-quality curriculums, and promote small and medium-sized enterprise financial institutions system platform, investment and financing trading platform, financial innovation platform, local financial resources rallying platform, financial services security platform "five platform construction, promote the development of small and medium-sized enterprises diversified financial services. To small and medium-sized enterprises in view of the current production and business operation and capital demand characteristic, vigorously promoting financial products and service mode innovation, the integrated use of credit loans, LianBao loans, touch pledge loan, etc DuoZhong ways to support small and medium enterprise development.

Meeting demand the financial institutions truly standardize their own business activities, strengthening social sense of responsibility. All financial institutions should fully consider the enterprise bear ability and in production and management, the active concessions in the enterprise; To conform to the state industrial policy and credit policy requirements, development prospect and credit is good but temporary have difficulty enterprise, loan interest rates rise less as far as possible or not rise, and make sure that "six may not" : not in lending illegal conduct financial transactions, sell when the fund, insurance and other products; In disguised form shall not charge unreasonable fees; Shall not collect unreasonable loan consultation, financial advisers among such as business charges; In disguised form shall not be raised interest rates; To increase the saving and not need a loan enterprise not finish reasonable rewards, or will suck escrow expenses on to loan enter prise; May not take pressure ticket, such as limit transfer by means of unfair competition in business.

The meeting also required the financial organization to strengthen the financial risk monitoring and control, ensure that economic and financial running smoothly. All financial institutions should through the DuoZhong way promptly satisfy the small and medium enterprise normal rational financial needs of enterprise to differentiate between financial difficulties, not smoke at the loan, the pressure lending, prevent spread risk and spread. At the same time, to strengthening credit capital flow and loan USES of the monitor and management, ensure that credit funds to really entity economy, prevent the credit funds for investment in the main business and virtual economy, it is strictly prohibited to credit capital into folk lending

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