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Financial distress costs |
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Financial distress costsLegal and administrative costs of liquidation or reorganization. Also includes implied costs associated with impaired ability to do business (indirect costs).Financial distress costs Similar MatchesShort term financial planShort term financial planA financial plan that covers the coming fiscal year. Institute of Financial PlanningInstitute of Financial PlanningThe UK professional body committed to the development of financial planning. The Institute was set up in 1986 and draws its members from accountancy, insurance, taxation, stockbroking, education and legal professions. Its stated objectives include 'promotion of the profession and practice of financial planning, increasing public awareness for the need for financial planning, creating of recognised professional qualifications for members, ensuring professional standards through a Code of Ethics and screening of new members, encouragement of education in the theory and practice of financial planning and the sharing of knowledge with other professionals'. A financial planner may be from any relevant professional background.To obtain Associate status a planner must hold a relevant professional qualification such as the Advanced Financial Planning Certificate (AFPC) and have three years related experience. Fellowship is available subject to the passing of a further examination and a longer period of experience. A list of Certified Financial Practitioners is established in the 'Registry' and is available to members of the public from the Institute. These practitioners are independent and are obliged to offer a fee basis. They must be prepared to offer a financial planning service separate from investment business if requested by a client. Reference to a Certified Financial Planner would usually be relevant to people seeking a higher level of advice or those with more complex requirements. Tokyo International Financial Futures ExchangeTokyo International Financial Futures ExchangeExchange that trades Euroyen futures and options, and futures on the one-year Euroyen, three-month eurodollar, and US dollar/Japanese yen currency. Combined financial statementCombined financial statementA financial statement that merges the assets, liabilities, net worth, and operating figures of two or more affiliated companies. A combined statement is distinguished from a consolidated financial statement of a company and subsidiaries, which must reconcile investment and capital accounts. Financial instrumentFinancial instrumentA document, real or virtual, having legal force and embodying or conveying monetary value. Further SuggestionsPerfectly competitive financial marketsCorporate financial management Statement of Financial Accounting Standards No 8 Financial capital Indirect costs of financial distress Financial Times Indices financial strength financial year Financial assets Financial institution buyer credit policy Financial distress Chief Financial Officer (CFO) Nonfinancial assets Integrated financial market Financial price risk Long term financial plan Financial press Financial adviser independent financial adviser Financial market financial institution Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) Nonfinancial services Financial Accounting Standards Board (FASB) Financial tables |
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