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Sai Gon Joint Stock Commercial Bank or Saigon Commercial Bank, abbreviated as SCB ( Vietnamese: Ngân hàng Thương mại cổ phần Sài Gòn ), [ 3] is the largest commercial bank in Vietnam by assets, founded in 2012 and headquartered in Ho Chi Minh City. [ 4][ 5][ 6] It was founded by the fusion of 3 small banks and was controlled by ...
t. e. In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. [ 1] The value delivered to settle a liability may be in the form of assets transferred or services performed.
Accounting. Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. [ 1][better source needed] The normal operation period is the amount of time it takes for a company to turn inventory into cash. [ 2] On a classified balance sheet, liabilities are separated ...
The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone of the entire accounting science. Like any equation, each side will always be equal. In the accounting equation, every transaction will have a debit and credit entry, and the total debits ...
Cash and cash equivalents ( CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". [ 1] An investment normally counts as a cash equivalent when it has a short maturity period of 90 days or less, and can ...
A decrease to the bank's liability account is a debit. From the bank's point of view, when a credit card is used to pay a merchant, the payment causes an increase in the amount of money the bank is owed by the cardholder. From the bank's point of view, your credit card account is the bank's asset. An increase to the bank's asset account is a debit.
Here are five practices to build into your regular money management — and keep your personal and financial information safe from criminals and fraud online. 1. Monitor your finances regularly ...
Asset and liability management (often abbreviated ALM) is the practice of managing financial risks that arise due to mismatches between the assets and liabilities as part of an investment strategy in financial accounting . ALM sits between risk management and strategic planning. It is focused on a long-term perspective rather than mitigating ...