Accounts in the Balance Sheet and Income Statement of the Bank of Abu Assignment

Accounts in the Balance Sheet and Income Statement of the Bank of Abu Dhabi - Assignment Example Overall the bank’s statements reflect the quality of the bank's operations. Although there can be a few improvements in the operations of the bank and its customer base, however, the bank has performed remarkably well showing high revenues and net profits. The National Bank of Abu Dhabi was founded in 1968 in the United Arab Emirates. It is the market leader amongst lending banks in the Emirate of Abu Dhabi and the second largest player in the United Arab Emirate lending market. The bank has a presence in various regions including Hong Kong, Shanghai and Kuala Lumpur. The National Bank of Abu Dhabi is a premier bank offering the complete range of financial services in 18 countries. It is ranked in the Worlds 50 Safest Banks and the Safest Bank in emerging banks. This is a testament to the quality of the services and the operations of the bank. This assignment aims to analyze the balance sheet and income statements of the bank for the year 2012 and 2011. All accounts under assets, liabilities, equity, expenses and revenue will be defined and analyzed in this report. An asset on a balance sheet represents what a firm owns. They can be categorized as current assets and fixed assets. Current assets are ones that are consumed in a years’ time and the fixed assets are those that provide benefit over a certain period of time. I will now be defining the assets that are in the financial statements of the National Bank of Abu Dhabi. This account includes all the cash that is currently with the bank, the balances with the central bank and the dues from other banks (maturing within 3 months). Cash is the most liquid of all the current assets. The balance at the central bank is a percentage of the total customer deposits given to the central bank as a measure of avoiding bank runs. These are identified as financial assets which are held for the purpose of trading them in the market. are assets measured at fair value and the gains and losses are recorded in the income statements under the subheading of â€Å"Gains or Losses on Derivative Financial Instrument Transactions†.

Exam Skills Essay Example | Topics and Well Written Essays - 1000 words

Exam Skills - Essay Example If the teacher does not provide notes that are clear enough to understand, it is the student's responsibility to go and ask the teacher for clarification. Most reasonable teachers are happy to provide clarification for the student. Students must ask questions until everything is completely and one hundred percent clear. Once the student knows and understands what needs to be revised, he or she can then proceed to the next step in the process. The second part of the revision process is to go forth with the revision. The student should not rush through the process. He or she must look over the work carefully and take care to revise every mistake that is outlined. . Paying attention to detail is crucial in this step of the process because if the student misses anything, then the revision will prove to be ineffective. The third part of the revision process is to look over the work carefully another time. Just because the actual revising of the work is complete does not mean that the entire revision process is complete. To insure that the work is free of any sort of common mistakes, such as in the areas of grammar, mechanical, or spelling, it is important to run the work through a spellchecker. ... The spell checker will catch most common mistakes, making the work to be a masterpiece. While spell checkers are wonderful, innovative inventions that allow for the best results, but it will not pick up everything. Because this is the case, it is important for the student to look over the work again, being careful to spot anything that the spell checker may have missed. The student may also may want to have others look over the work to spot anything that the student his/herself did not see. Once this has been done, it is safe to say that the revision is complete. Now that the revision process is complete, it is safe to turn it into the teacher. The work will be of high quality, and the student will be able to look forward to scoring high marks on the assignment, since the student followed this revision strategy closely. The work is free of all errors. As result, the student can feel good about what he or she has accomplished. 3.1 Allocate a proportion of the time available that reflects the proportion of the total marks allocated to each question. When it comes to allocating the correct amount of time to answering questions, it is important to allocate enough time to effectively and efficiently answer each question. Doing this will insure that everything is done in a proper manner, meaning that sufficient time will be provided. This is critical, especially when doing tests or quizzes. When the proper amount of time is allocated to answering questions, everything goes well, and when the proper amount of time is not allocated, a disaster usually ensues. Allocating the proper amount of time to answer questions insures that everything will run smoothly. Properly time