Cash pooling system Study guides, Class notes & Summaries

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the secon...

CFE Exam 349 Questions with Verified Answers Falsified Hours & Salary Schemes - CORRECT ANSWER The most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage rate. Common ways ...

RIBO Insurance Exam Questions and Answers Graded A What makes pure risk insurable while speculative not? Pure risk insurance is a situation involving a chance of a loss without a chance of gain. Insurance will accept situations where there is no potential for gain. Pure Risk A situation involving a chance of loss without a chance of gain. Example: property damage Speculative Risk A situation where the possibility of either financial loss or gain exists. This is not accepted by insurances. Exam...

"The right of stockholders to purchase, on a pro-rata basis, any new shares issued by the company is referred to as: " preemptive right "A large mature company with limited growth opportunities (positive NPV projects) achieved abnormally high profits this year. After paying mandatory principal, interest, and taxes, the company has $200 million in surplus cash on hand. Assuming its investor base is most concerned with capital appreciation, which of the following is the BEST option for the co...

A tax shelter is ? the excess of cash flow over taxable income. Pooling of funds of several lenders to make a single loan is ? mortgage participation In a tax deferred exchange "boot' is the ? taxable unlike property. The ability of a comapany to meet its short term obligations is expressed by the? quick ratio. Which is a residual concept? highest and best use An investor is going to restore and old Victorian home. The lender wants to know what its value...

sources of income - wages, rentals, interest, capital, profits, investments, entrepreneurship exemption (aka allowance) and how does it work - allowance is used to reduce amount of taxed income. personal exemptions are given for people with dependents or spouses. company exemptions are given for non-profits, religious organizations, and government corporations. liquidity—what does it mean? what products are liquid? - liquidity is the degree in which assets can be sold. cash on h...

AINS 101 Exam Question with 100 % correct answers | Verified 2024/2025 Which one of the following statements is correct regarding the benefits provided by insurance? A. Insurance reduces the financial consequences of loss exposures but not the related uncertainty. B. The reduction in losses paid by insurers due to risk control measures benefits individual insureds but not society as a whole. C. Insurance helps reduce the financial burden to society by compensating accident victims. D. Th...

Property & Casualty Exam Questions and Answers 100% Pass Insurance - Correct Answer ️️ -The transfer of risk from insured to insurer. Indemnity - Correct Answer ️️ -To restore policy holder to pre-loss condition; make whole. - No better - no worse Law of Large Numbers - Correct Answer ️️ -▬Insurance companies take on many risks with a reasonable assurance of paying a certain number of claims.▬- As number of loss exposures increase, difference between actual & expected res...

A tax shelter is ? the excess of cash flow over taxable income. Pooling of funds of several lenders to make a single loan is ? mortgage participation In a tax deferred exchange "boot' is the ? taxable unlike property. The ability of a comapany to meet its short term obligations is expressed by the? quick ratio. Which is a residual concept? highest and best use An investor is going to restore and old Victorian home. The lender wants to know what its value...

risk - chance of loss speculative risk - -involves the chance of gain or loss and is NOT insurable -ex: gambling pure risk - involves only the chance of loss and is insurable exposure - being subject to the possibility of loss because of an activity, location, or characteristics -second hand smoke -no control on exposure peril - cause of loss natural peril - lightning, hail, hurricane, and so forth human peril - theft, murder, auto accidents, industrial accidents, and illnes...