...INTERNSHIP REPORT ON “Financial performance analysis of IDLC Finance Limited in compare with Langkabangla Finance Limited” An Internship Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration Supervised By: Abdus Shahed Faculty, School of Business Administration Department of Finance Submitted By: Islam Md. Zahidul ID # 07-08909-2 Major: Finance & Accounting Date of Submission: 27/December/2009 FINAL DRAFT INTERNSHIP REPORT ON “Financial performance analysis of IDLC Finance Limited in compare with Langkabangla Finance Limited” Letter of Transmittal 27 December, 2009 Mr. R. Tareq moudud, FCMA Director, Office of Placement & Alumni (OPA), American International University-Bangladesh Banani, Dhaka. Subject: - Submission of the report on “financial performance analysis of IDLC finance ltd in compare with lankabangla finance ltd.” Dear Sir, With due respect, I tried to give my honest and maximum effort in this report. As far as I believe that the information of this is genuine and true. Despite of that, there might be some mistakes which were not noticed by me because of my inexperience. By collecting information for this report I also learn something very extra in practical. I would like to know you thanks from me for giving me such a great job and opportunity like this to prove my ability in making a quality report. If any mistakes remain...
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... Collect and organize your financial information. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? Late 20s through your 40s 4. Which of the following is a benefit of having a college degree that can affect your financial planning? All of the above 5. Which of the following elements of a comprehensive financial plan involves analyzing future needs, such as saving for retirement or college funding for dependents? Securing basic needs Directions Respond to the following short-answer questions in 50-to 100-words: 6. People have different styles when it comes to handling their money. List the two things that affect your personal beliefs and opinions about financial planning. How well do you feel you manage your money? Can you spot areas for improvement in your money management style, and if so, where/how? Values (fundamental beliefs about what is important in life) and attitudes (opinions and psychological differences between people that affect their decisions) influence your personal beliefs and opinions about handling money. I do not manage my money well. I like to put money into savings, but I am short on discretionary spending money and when I see something I want I am just as quick to pull the money back out of savings. Thus, my savings account grows very slowly. To improve, I should set a budget at the beginning of the month...
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...Unit10- Personal Finances Marc Wilks Kaplan University MM 212 Professor Heather Bullard October 3, 2015 Having an understanding of basic financial principles is essential for anyone who wants to exercise control over their personal income. Without it, how can anyone plan how to pay for next month’s bills, much less plan for retirement? I learned that a basic knowledge of financial basics is essential if I was to have any chance of being able to make the most of my personal income (LaPonsie, How to Stop Living the Paycheck to Paycheck Lifestyle August 6, 2015). I had my first exposure to basic personal finance the last half of my senior year of high school. I learned about how balance a checkbook, income versus debt, and a little about interest. I did not start to actually use this knowledge until I was out of school and moved out of my parent’s home. When I moved into my first apartment, I was forced to create a budget. I needed to get a good idea of how much money I had coming in and the best way to make that money cover my expenses. When I was married to my first wife, I learned how to operate within a two income budget. This came with its own set of challenges as we had double the expenses to cover. My wife, well ex-wife handled most of the finances but I did manage to learn a thing or two. This experience came in handy when we got divorced and I was solely responsible for my financial matters. I think that to...
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...something that we do in our everyday life. It is a daily activity within our lives and can be very complex. About two months ago my husband and I finally bought our first home after searching for more than three years and it was a real stressful step by step process that we had to get through First we had to fix our credit and that took some time with the help of a finance advisor. We started by pulling our report then had to bring out the checkbook. I then had to locate all the debt collectors and start writing. Finally about ten months ago we found the home we wanted and were ready to make a buy. We had to locate a realtor and go through the whole process of the credit check, proof of jobs and our paystubs to start. This process was the easy part, then the next step was to find a bank that would finance us. After about 4 months we were getting nowhere. Then they said our debt to income was stopping us. We tried everything, our scores were between 760 and 785, but our debt was more then we make. Buying a home is the hardest thing you’ll ever do in your life. Well, we had to make a decision on what we were going to do because we just knew we were getting the house, well everything went down the drain. We needed to find a home and fast, it was a never ending search, until August 3, 2014. I spotted this home that we were driving by and it stole all my attention, so the next step was to contact the owner and look. I loved it and wanted it and the owner was willing to negotiate with...
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...Week 6 – Finance Project SheaRee Terry Professor James Huskins MAT104 November 11, 2011 How much more money would I need to add to my current mortgage payment in order to pay off my home loan of $112,247.47 in 20 years instead of 25 years? While figuring this out, I need to consider all of my options and whether or not this would be worth it due to the fact that I’m already stretched extremely thin after covering all of my monthly expenses. It would make sense to first understand what my opinions are. I have to first think about the financial position I am already in. After paying all of my bills for the month, I don’t even have $100 left over to live off of for the rest of the month. This alone, causes me to think that increasing my payment amount doesn’t make sense in my current situation, but may be something I want to revisit in a few years when I have more income to spare. I can look into refinancing to see if I can possibly get a lower interest rate, but that would cost me $2000 I don’t have at the moment. At the same time, it wouldn’t hurt to figure out what interest rate would benefit me by lowering my payment and, if it’s worth it, I could come up with the closing costs. I’ve decided I will weigh my options. I will calculate how much more I will need to increase my current payment by in order to pay off this loan in 20 years without refinancing. Alternatively, my credit is in good shape so I should also be able to refinance at a lower interest rate. I will...
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...be in control of their finances, their education and their health and not blame others for their success or their failures. It is as simple as paying our debts, using the syllabus to schedule time for assignments or just being honest about what we put into our bodies. Without maintaining self-control, how can a person expect to be prepared for any obstacle that should arise? A person must be able to apply their own ideas and make valid use of their time and resources. When the topic of finances is brought up, collar tugging and brow sweat are common reactions. Practicing personal responsibility will take the intimidation out of finances. Budgets are an effective way to keep track of the money coming in and going out. Having a detailed account of monthly transactions allows a person to allocate funds for living expenses, bills and savings. Practicing responsible borrowing can insure that you do not become upside down on debt to a creditor. Planning for the future by saving is a great idea, but investments play a bigger role. For instance, putting money into a 401K or IRA can help a person prepare a secure financial future making retirement more financially feasible. Also, one of the biggest investments we make in life is the purchase of a home. I saved every penny I had to make a significant down payment on the purchase of my home. Doing this made my interest rate lower, kept my debt ration down and made affording my home more manageable. Fixing up the home I purchased is also an...
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...My incentive to Study First of all, I would say that knowledge is key. This may sound cliché to some people but it holds a lot of meaning to me and I believe everyone else who has a goal of being successful and living an accomplished life in this world of today where everything is in chaos, would not agree less to my proposition. We live in a world where the rich keeps getting rich and the poor, poorer. This may be true to some degree because the uninformed rich man can lose his riches because of lack of knowledge. The only bridge between these two set of social levels, is education. Depending on where you stand, if you acquire more knowledge about how things are made or run, then you can cross over for a better stand in the social levels. I am not proud to say this, but coming from a poverty-stricken background has always gotten me angry (in a positive way). However, knowing that I have the possibility of catapulting myself to a higher level of independence and a more self-sustaining condition -by the grace of God, has been my incentive to study. I always tell myself that my yesterday cannot determine my tomorrow. My tomorrow is how I make today. Working hard today through studies either by theories or hands-on practice can help me to cease the opportunities of tomorrow. Professional Goals I have a lot of dreams- some I shall be mentioning in this essay. My immediate dream now is to successfully complete this prestigious program which I am currently enrolled- Master in International...
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...create a personal website. Basically, the website will be about myself. At the front page, I want to put in a large picture of me, a brief “about me” and “my belief” with some other several links to other pages in which contain the information related to me. I will set the front page as the “home page” so every time, someone clicks in “Home”, it will directly lead to the front page, so they can have a quick glance about me. The second page will be the “Biography”, in which, I will put in the pictures of me in order of time, since I was a child, high school time, and so on. There will be a brief summary biography of me going along with the pictures I put in. I will also put in the achievements in that page and the links to the schools I have attended and the companies I have worked for. The third page will be about what I am doing right now, what company I am working for and what projects I have. There will be a bit more details on my projects for everybody to understand what I am doing. The fourth page will be about “Finance” which is the field I have studied and working on. I will explain what Finance is about and why I chose Finance to be my career job. The fifth page will be “Books & Movies”, in which I will put in my favorite Books & Movies. There will be also my thoughts and the implications of those books and movies in my life. Last but not least, the last page will be contact information for those who want to contact me. There will be also disclaimer of the content, referral...
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...This paper will discuss the beginning of my personal financial plan. It will also outline said plan into a budget that will be put to use throughout the next few months. Budgeting is a vital part of managing one’s personal finances. When beginning to budget one must pinpoint the sources of cash inflows and cash outflows. Having knowledge of your personal financial situation is also necessary in managing personal finances. If done right, personal financial statements provide information on current financial positions and help pave the way for financial success. Goal setting is most successful for me when I begin with short term goals. For short term, one of my goals is to establish a short vacation fund with which I can go on a birthday weekend vacation somewhere up north. I estimate that I will need roughly $400 by January 1st, and that I will need to save $34 per week for the next few months to achieve this goal. A second short term goal is to save pay off my $400 credit card balance on my Capital One. I estimate that I can make payments of about $80 per month for the next 5-6 months to pay the balance in full with additional interest that will accumulate. My intermediate goal is to begin saving for a wedding. Once my credit card bill is paid off, I can switch the $80 payment from the credit card to this goal. At the time of purchase, I expect to have saved $4,800. Although I will have some help from my parents on the cost of my wedding, this money will be helpful toward...
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...------------------------------------------------- Course Syllabus FP/101 Foundations of Personal Finance Course Start Date: 08/13/12 Course End Date: 10/14/12 Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document. Copyright Copyright ©2010, 2009 by University of Phoenix. All rights reserved. University of Phoenix© is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft©, Windows©, and Windows NT© are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix© editorial standards and practices. Facilitator Information Carol Ward, MBA, DBA cward123@email.phoenix.edu (University of Phoenix) ciward123@yahoo.com (Personal) (901) 270-9434 (Central Standard Time) Facilitator Availability Dr. Ward is available from 9 a.m.-9 p.m. Central Time on most days, but I attempt to reserve Sunday for my family. During the week, I am online most of the time during that 9 a.m.-9 p.m. time frame. ...
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...thought and care. The decision in which I have considered to have been the biggest one yet for me was, buying a home. The decision of buying a home was considered more as a personal decision rather than a business decision. Fritzsche, David (2007) states “ Personal values have long been associated with individual decision behavior” (p. 1). As mentioned in the quote, the decision was driven by my personal values. The process and the decision of buying a home were longer than expected. The process in making the decision was based upon continuing to rent or own a property. In the decision-making process I was assisted by my wife and it consisted of the following, Identifying my decision, self assessment, gathering information (pros/cons), weigh out the best option, analyzing my option, select my option, and finally take action toward my decision. The process in making my decision had a structure, as previously stated I had identified my decision of buying a home rather than renting. This first step was based on my family values and proving a place to call home. The second step was completing a full self- assessment. Part of the assessment consisted of analyzing my finances, needs, and wants. This second step was a very important one because evaluation my finances played an important role in the final decision. The third step was gathering all the information of owning a home rather than renting. Part of this step included understanding the pros and cons of both options. The fourth...
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...Over the years, single parent households have become more, and more common than they were a few years back. Too many people, raising kids while being a single parent seems impossible mentally and financially. Though many single parent households fall under the category of lower class and are struggling with finances, they are able to seek assistance from multiple government programs that help in ways like, providing childcare, affordable housing, and assistance with food and medical care. However what about working class single parent households who are struggling with finances? Why is it that single parent households that fall under the working class category are struggling with the same way as those that are not working class families? With great speculation this problem has created great controversy over the years. What many people seem to misinterpret when hearing the words single parent household’s is that not every family struggles the same ways when it...
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...There are many advantages that come with purchasing a home, but before you take that leap there are many economic condition that one must consider before making that financial decision. In this essay we will look at the market structure, marginal benefit, and marginal cost associated with the purchase of a new home. Purchasing a new home can be an exciting experience that comes with great benefits. The thought of owning your own home and not throwing your money away on renting is a thought that brings a smile to my face, a place where my family and I can call home, and a place where my kids can play on their swing in the backyard and have lots of fun. I would like to look for a house that is close to my work place with a good school system and a location that has ample amount of places to shop. But before I start to look at a preferred location for my new house I have to look at my finances. I have to find a house that is affordable for me, one that fits into my budget as well as have all the benefits that I’m looking for. Though deciding to purchase a home is exciting, it is a huge financial decision and looking at my finances there are something’s I will have to give up or cut down on in order to get the size of the house I need for my family, in the principal of economics this is called “Tradeoff” giving up something to obtain something else of a greater value. Sure, if anyone that has the money to purchase a home can do it at anytime that they please, but if you want...
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...for the Cunningham Small House Project. This small house project is located on the Eastern Shore of Maryland along the Chesapeake Bay. A risk analysis was performed to study project elements that could have an impact on the project cost and schedule. The analysis measures these possible impacts and allows an opportunity to identify a strategy against said risk, such as accept, mitigate, avoid, etc. The small house movement is a popular description for the architectural and social movement that advocates living simply in small homes.” http://en.wikipedia.org/wiki/Tiny_house This project has been an idea of my wife and I for a few years now. As we are getting older and the time we have left with a house full of children is getting shorter, we had to ask ourselves, “How much do we really need? When the kids are gone and it’s just the 2 of us, what is really important to us?” The answer to these questions seems to come in the form of a much smaller home with less space and clutter to worry about. This project consist of building a house that has a total square foot of somewhere between 136 sqft up to 172 sqft. and fits onto an 18ft -20ft trailer, such as a car trailer. SCOPE AND OBJECTIVES OF REPORT This minor report discusses the risk analysis process and results for The Cunningham Tiny House Project. The Cunningham Tiny House Project is located in Easton, MD and is still in the beginning stages. A risk analysis was performed to study project elements that could possibly have...
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...The Hanlons discovered that the process of searching for a home can be confusing and daunting all at once. They have many housing options to choose from and a plethora of financing options, so which direction will work best for them? Should they continue renting their current apartment or take the leap that many of their friends have and purchase a house? Let’s look at the process the Hanlons may have experienced in their search to find their ‘American Dream’: The Search Process Since the Hanlons were a newly married couple with many peers in their same scenario, buying a house seemed the reasonable next step before starting a family. This scenario illustrates that one of the largest factors when searching for a home is both psychological and emotional. As stated in the case, Mrs. Hanlon was more trigger happy and determined, while her husband was more willing to be patient and look at all of their possible options. Given that their current location was exceptionally close to both their workplaces and shops, as well as had top-notch accommodations, their biggest reason for wanting to buy a home came from outside influence, namely friends who had recently purchased homes. Mrs. Hanlon began this process the way most people go about it- an online search. There were so many housing options that, despite the wealth of online resources, a direction can be easy to find or seem impossible. Information from friends was another resource that the Hanlons utilized in order to help guide...
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