Answer Posted / sanjay kumar mulia

AS1=DISCLOSURE OF ACCOUNTING POLICY
AS2=VALUATION OF INVENTORIES
AS3=CASH FLOW STATEMENT
AS4=CONTINGENCIES AND EVENT OCCURING AFTER THE BALANCE
SHEET DATE
AS5=NET PROFIT OR LOSS FOR THE PERIOD,PRIOR PERIOD ITEMS
AND CHANGES IN ACCOUNTIG POLICY
AS6=DEPRICIATION ACCOUNTING
AS7=CONSTRUCTION CONTRACTS
AS8=ACCOUNTING FOR RESEARCH AND DEVELOPMENT
AS9=REVENUE RECOGNITION
AS10=ACCOUNTING FOR FIXED ASSETS
AS11=THE EFFECTS OF CHANGES IN FORIEGN EXCHANGE RATE
AS12=ACCOUNTINF FOR GOVERMENT GRANTS
AS13=ACCOUNTING FOR INVESTEMENT
AS14=ACCOUNTING FOR AMALGAMATIONS
AS15=EMPLOYEE BENEFITS
AS16=BORROWING COST
AS17=SEGMENT REPORTING
AS18=RELATED PARTIES DISCLOSURES
AS19=LEASES
AS20=EARNING PER SHARE
AS21=CONSOLIDATED FINANCIAL STATEMENTS
AS22=ACCOUNTING FOR TAXES ON INCOME
AS23=ACCOUNTING FOR INVESTEMENTS IN ASSOCIATES IN
CONSOLIDATED FININCIAL STATEMENTS
AS24=DISCOTIUING STATEMENTS
AS25=INTRIM FINANCIAL REPORTING
AS26=INTANGIBLE ASSETS
AS27=FINANCIAL REPORTING OF INTEREST IN JOINT VENTURE
AS28=IMPAIRMENT OF ASSETS
AS29=PROVISION,CONTINGENT LIABILITIES AND CONTINGENT ASSETS
AS30=FINANCIAL INSTRUMENT:RECOGNITION AND MEASUREMENT AND
LIMITED REVISIONS TO AS2,AS11,AS21,AS23,AS26,AS27,AS28,AS29
AS31=FINANCIAL INSTRUMENTS;MEASUREMENTS
AS32=FINANCIAL INSTRUMENT:DISCLOSUR AND LIMITED REVISION
TO AS19

Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

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AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

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please tell me questions asked in NICMAR for the post of accounts executive

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Short Answer on ______Budget

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EXPAND___________IMA

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