Monday, 8 July 2013

FAT CAT

Today's word: FAT CAT
Theme for this fortnight: ACCOUNTING

 
     A slang term that associates bloated salaries and investments for chief executive officers (CEOs) and chief operating officers (COOs) of large companies.



Sunday, 7 July 2013

ANDERSON EFFECT

Today's word: ANDERSON EFFECT
Theme for this fortnight: ACCOUNTING

 
 
          An increased scrutiny of a company's financial statements due to the collapse of Arthur Andersen LLP after the 2001 Enron Scandal, a seminal event which spurred the rise of conservative accounting.





Saturday, 6 July 2013

FORENSIC ACCOUNTING

Today's word: FORENSIC ACCOUNTING
Theme for this fortnight: ACCOUNTING


 
           A method of accounting that deals with financial procedures that have been challenged or charged as illegal. One example of forensic accounting is examining insurance fraud claims.




Thursday, 4 July 2013

OUTCRY'13

 
 
 
 
 
 
 






















FINATIX - INDIAN INSTITUTE OF MANAGEMENT RAIPUR

             FINATIX – The Finance Club of Indian Institute of Management Raipur is a forum of likeminded enthusiasts willing to make their career in the high world of finance, and to bolster their knowledge continuously and share their knowledge with all the students who are interested in making their career in finance. The club organizes events like quizzes, games, workshops, seminars etc. where in the participants self assess their financial quotient and raise the bar every time. The club helps in identifying the individual financial strengths and seeks the guidance of experts on various aspects by way of industry interaction and fosters industry academia interaction. The club creates opportunities and provides a platform for simulation of real world scenarios so that each and every student is equipped with right kind of financial acumen.

Mission:           

            The club aims to keep abreast with the current developments in the field of finance and focuses on research in areas such as financial markets, instruments, regulations, etc. The club operates under the guidance of esteemed faculty on key aspects of finance and latest trends. The club aims at providing outside the classroom learning opportunities in the field of finance, to arrange speaker sessions and workshops which encourage continuous learning and provide a platform to learn the elements which the industry looks out for. It seeks to connect with the industry in all possible ways to bridge the gap between industry and classroom.

CATS AND DOGS

Today's word: CATS AND DOGS
Theme for this fortnight: ACCOUNTING
 
             Colloquial term used for speculative stocks or low grade stocks that have questionable histories on revenues, earnings, and other data points. In some cases the questionable histories are due to a company being relatively new and not having a well-established financial history. Other times, it can be due to questionable accounting.


Tuesday, 2 July 2013

BIG BATH

Today's word: BIG BATH
Theme for this fortnight: ACCOUNTING




          The process of manipulating a company's earnings to make them appear worse than they truly are. Losses are expanded so that the company can mislead investors and shareholders. Big bath accounting reduces the amount of assets held by the company so that future quarterly performance will appear better than it truly is. This type of procedure is typically used during a bad year. For example, a company may elevate sales declines to a level that will help future losses appear minimal.