Premium Essay

Notifiable Transaction

In: Business and Management

Submitted By LaFiesta
Words 522
Pages 3
Notifiable & Connected

Post-listing Compliance • It is costly to maintain the listing status • A company after listing has to comply with listing rules • The compliance requirement mainly involves disclosure and seeking approval from SHs

Corporate Governance • The need to protect SHs in public companies • Agency problem is more severe in public companies • SHs involvement in corporate transactions • Transactions done in the normal course of business? • Borrowing money? • Acquiring or disposing of assets? • Forming join ventures with third parties? • Different extent of SHs involvement • Being informed • Participating in decision making

Types of transactions involving SHs • Notifiable transactions • Noteworthy to SHs because of their impact to the company • Chapter 14, Listing Rules • Connected transactions • Noteworthy to SHs because of the potential conflict of interests (possibility of tunneling) • Chapter 14A, Listing Rules

Notifiable Transactions

NT under Chapter 14 LR • General idea of NT • Transactions having a significant impact on the ListCo, mainly acquisitions & disposals (R14.01) • Not in the ordinary course of business of the ListCo (R14.04(g)) • Examples of “transaction” (R14.04): non-exhaustive • Acquisition or disposal of assets • Finance leases • Operating leases having significant impact • Providing financial assistance • Formation of joint venture

Classification of NT • See R14.06 • Share transaction • Discloseable transaction • Major transaction • Very substantial disposal (VSD) • Very substantial acquisition (VSA) • Reverse takeover (RTO)

5 size tests – percentage ratios
|Size test…...

Similar Documents

Premium Essay

Client Transaction

...How does this rule apply to the two business transactions Haynus wants to enter in with his client? Entering into business transactions with a client may place the attorney and client in adversarial positions. The ethical rules are designed to ensure that the attorney representation will not be compromised by a profit motive. Rule 1.8 Conflict of Interest: Current Clients: Specific Rules (a) A lawyer shall not enter into a business transaction with a client or knowingly acquire an ownership, possessory, security or other pecuniary interest adverse to a client unless: (1) The transaction and terms on which the lawyer acquires the interest are fair and reasonable to the client and are fully disclosed and transmitted in writing in a manner that can be reasonably understood by the client; (2) The client is advised in writing of the desirability of seeking and is given a reasonable opportunity to seek the advice of independent legal counsel on the transaction; and (3) the client gives informed consent, in a writing signed by the client, to the essential terms of the transaction and the lawyer's role in the transaction, including whether the lawyer is representing the client in the transaction. A lawyer's legal skill and training, together with the relationship of trust and confidence between lawyer and client, create the possibility of overreaching when the lawyer participates in a business, property, or financial transaction with a client. The requirements of Prof.......

Words: 865 - Pages: 4

Free Essay

Assignment on Transaction

...Transaction analysis Problem # 1 Mr. Abul operates premium service, which has the following assets: Cash tk. 40,000, supplies tk. 2,000, delivery van tk. 30,000 and truck tk. 60,000. The business owes tk. 12,000 for supplies previously purchased. The following transactions occur in the month of March 2004: March 01: Paid office rent for 3 month’s advance tk. 6,000. 02: Purchased delivery van for cash tk. 20,000. 04: Purchased supplies on account tk. 2,500. 06: Purchased supplies for cash tk. 1,000. 10: Service rendered to a customer and immediately collected tk. 6,000 12: Service rendered to a customer on account tk. 13,000. 18: Paid utility expense of the month tk. 1,000 cash. 22: Paid for the supplies purchased on March 04. 31: The owner withdrew tk. 1,800 from the business. Instructions: (a) Compute the Opening capital/equity. (b) Prepare a tabular analysis of the transactions using the following account titles: Cash, Accounts receivable, Prepaid rent, Supplies, Delivery van, Truck, Accounts payable, Y’s capital. Problem # 2 On June 01 2004 Mr. Tanim started an accounting consultancy agency. The following transactions took place in the month of June: 01: Invested tk. 20,000 as capital in the business. 04: Hired a personal secretary at a monthly salary of tk. 4,000. 06: Purchased supplies for tk. 200 cash. 09:......

Words: 3112 - Pages: 13

Free Essay

Distributed Transaction

...A Distributed Transaction Management Scheme for Multidatabase Systems* Xinfeng Ye, Department of Computer Science, University of Auckland, New Zealand. Abstract finsaction management in a multidatabase sys- tem must ensure global serializability. Local seri- alizable execution is, by itself, not suficient to en- sum global serializability, since local serialisation or- ders of subtmnsactions of global transactions must be the same at all systems. In this paper a distributed tmnsaction management scheme is introduced. The scheme maintains autonomy of the local database systems. It is free from global deadlock, and, guar- antees fairness in the execution of the tmnsactions in the system. 1 Introduction A multidatabase system (MDBS) is a collection of pre-existing autonomous, and possibly heteroge- neous, local database systems (LDBSs). Transac- tions in an MDBS are of two types: Local transactions: Those transactions that only access data m,anaged by a single LDBS. Global transactions: Those transactions that ac- cess data managed by more than one LDBS. Transaction management in the MDBS is hierar- chical. Each LDBS controls the local transactions and the subtransactions of the global transactions at its site, and assures serializable execution at that site. The MDBS software controls the global trans- actions, and assures global serializability. Global serializability guarantees the correct con- current......

Words: 4732 - Pages: 19

Premium Essay

Financial Transactions

...Transaction Exposure When conducting business aboard, cash inflows are affected when a variety of currencies are involved. In the case of Nike’s proposal to expand in India, there are ways to migrate exchange rate risks by exposing the possible risks before they affect the company’s profit margin. One method is the transaction exposure. Transaction exposure is the degree to which the value of future cash transactions that are affected by exchange rate fluctuations. According to Madura, “Transaction exposure can have a substantial impact on a firm’s earnings. It is not unusual for a currency to change by as much as 10 percent in a given year. If an exporter denominates its exports in a foreign currency, a 10 percent decline in that currency will reduce the dollar value of its receivables by 10 percent. This effect could possibly eliminate any profits from exporting” (Thomson South-Western 2006). To assess transaction exposure, Nike will need to estimate its net cash flows in each currency and measure the potential impact of the currency exposure. According to Madura, “To measure its transaction exposure, an MNC needs to project the consolidated net amount in currency inflows or outflows for all its subsidiaries, categorized by currency….Estimating the consolidated net cash flows per currency is a useful first step when assessing an MNC’s exposure because it helps to determine the MNC’s overall position in each currency” (Thomson South-Western 2006). The standard......

Words: 606 - Pages: 3

Free Essay

Transaction Processing and commerce, transactions take place on a daily basis. The needs of companies have also been evolving and increasing as more and more business models, sales and distribution channels increased. With the increase in the amount of transactions taking place, and advancements in computer hardware and software, transaction-processing systems have evolved as well. Frist let’s examine what a transaction processing system does. “Transaction processing systems capture and process the detailed data necessary to update records about the fundamental business operations of the organization.” (Stair & Reynolds 2013, pg. 257). The system is responsible for processing various types of transactions including but not limited to sales orders, inventory updates, payroll, accounts payables and receivables. “The result of processing business transactions is that the organization’s records are update to reflect the status of the operation at the time the last processed transaction.” (Stair & Reynolds 2013, pg. 257) The results of the updated records for the organization are so that management is able to understand where the company stands at a specific point of time. Transaction processing systems works with a large amount of data and many times is integrated into an organizations other systems and share common databases. It is able to provide detailed sales reports, payroll reports and inventory status updates. So how far have transaction processing systems......

Words: 1216 - Pages: 5

Premium Essay

Transactions and Events

...Transactions and events in accounting are considered to be extraordinary items when they are of material effect that are not expected to repeat frequently and would not be seen as repetitive factors in any assessment of the ordinary operating procedures of the business. Extraordinary items are not new to financial statements in fact they have been around since the early to mid-1900. Events and transactions that are considered extraordinary items are constantly changing with everyday occurrences and happenings. Extraordinary items were originally defined in Accounting Principles Board Opinion No. 9 as “events and transactions of material effect that would not be expected to recur frequently and that would not be considered as recurring factors in any evaluation of the ordinary operating processes of the business” (Schroeder). The publication of this opinion No. 9 provided the following examples of events and transactions: “gains or losses from the sale or abandonment of a plant or a significant segment of the business, gains or losses from the sale of an investment not held for resale the write-off of goodwill owing to unusual events during the period, the condemnation or expropriation or properties, and major devaluations of currencies in a foreign country in which the company was operating” (Schroeder).This definition came under review in 1973, and the Accounting Principles Board determined that comparable items of revenues and expenses were not being classified in the......

Words: 908 - Pages: 4

Premium Essay

Transaction Focused

...The authors in this article examines how procedures used in different audit methodologies influence the likelihood that auditors will integrate their business risk judgments about risk of material misstatements. Auditing standards require auditors to assess business risk, which are “conditions that threaten an organization’s ability to execute business processes effectively”. The two methodologies focused on in the article are the transaction-focused approach (TFA) and the strategic-systems approach (SSA). The transaction-focused approach emphasizes transaction cycle relationships, meaning it focuses on specific accounts. Whereas the strategic systems approach focus on attention to business processes needed to achieve the auditee’s strategy. The authors attempt to prove that auditors using SSA is better at detecting risk of material misstatement than the transaction-focused approach by providing evidence that SSA helps auditors integrate their business risk judgment when they assess the risk of material misstatement. Integrating knowledge of business risk into risk of material misstatement can improve audit effectiveness by helping auditors develop a richer and more complete appreciation for the business processes that drive financial performance. SSA also integrates nonfinancial benchmarks which may also help auditors detect signals of intentional fraudulent reporting and making it more difficult to conceal fraud this due to the fact that business process......

Words: 748 - Pages: 3

Premium Essay

Transaction with Customers.

...In any transaction with customers, the little details can make or break your relationship with customers. The behaviors of individual employees convey impressions to customers via little things. I used to take my car for oil change to any oil change place. There was one time i stopped at jiffy lube for oil change. I was very pleased with the service i got. These guys not only do the oil change they also do vacuum and wash your car windows as a courtesy. Since than i only take my car to jiffy lube for oil change. Little thing does make a huge difference. The thing which was a turn off for me was, last weekend I stayed in a hotel in downtown Chicago. It was a four star hotel right on magnificent mile Michigan Ave. I was trying to finish some work when i was in my room and i noticed they didn't have free wifi for their guests. I was quite shocked by this because wifi is so common now, even all the small hotels and restaurants they have free internet for their customers and here you are in a four star hotel where you pay decent amount of money for stay and don't get free internet. I was very disappointed. Its not a big deal for me to pay $ 14.95 for a internet. It was a turnoff for me. Customers are an important assets of business. Now days customers have more options than ever before. The three categories of customer turn offs are value turn offs, system turn offs and people turn offs. Customers are turned off when they receive poor value. Customers expect good quality and......

Words: 416 - Pages: 2

Free Essay

Transaction Processing

...Capacity Release Sample Paper Transaction Workpaper Regarding Changes to GISB Standard No. 5.3.2 As of March 13, 2001 1 SAMPLE PAPER TRANSACTION ABC PIPELINE Notification of Firm Capacity Release Offer [Header] Transportation Service Provider: ABC Pipeline (808-34-4672) Posted: May 15, 1996 @ 1:30 PM May 15, 2001 @11:40 AM Offer No. OFF00001 Expected Award Date and Time: May 21, 1996 @ 1:00 PM May 15, 2001 @ 2:00 PM Prearranged Deal No Releaser: Big City LDC (108-82-2132) Releaser Contact Name: Mark Robinson Releaser Contact Phone: (583) 693-0998 Releaser Contact Facsimile: (583) 693-5541 ____________________________________________________________ _________ [Detail] Terms of Release Rate Schedule: FTS Contract Number: K1234 Release Period: June 1, 1996 to June 30, 1996 May 16, 2001 to March 31,2002 Recallable: Yes Reputable: No Recall with 24 hours notice Biddable: Yes Bid Period: May 15, 2001 @ 12:00PM - May 15, 2001 @ 1:00PM May 15, 2001 @ 12:00 PM – May 15, 2001 @ 1:00 PM Permanent Release: No Stand Alone Release: Yes Shorter Term: No Minimum Number of Days: Contingent: No Bid Evaluation Method: Highest Rate Lesser Quantity: No Tie Break Method: Pro Rata Lesser Rate: Yes Previously Released: No Rates Reservation Basis: Per Month Denomination: Dollar Discounts Applicable: No Surcharge Indicator: Rates include all surcharges Rate Type Min Acceptable Reservation $0.65 Offer Quantity:......

Words: 259 - Pages: 2

Free Essay

Re Transaction

...Subject Property. C. Seller to provide Buyer title to property free and clear of liens except for non-delinquent bonds and taxes. 10. Close of Escrow: Close of escrow to be on _______________________. _____________________ _____________________ Page 4 11. Other Provisions: A. The Purchase Agreement may contain other provisions such as, but not limited to, a liquidated damages clause, attorney's fees, notices, mutual indemnifications, broker's commission, and the like. B. Any and all documentation provided by Seller to Buyer shall be returned to Seller upon cancellation of this transaction. 12. Expiration of Offer: This Letter of Intent shall constitute an open offer until ____________, at which time it shall be automatically terminated if not executed by Seller. If the above outline of terms and conditions are acceptable, please indicate by signing below. All parties to these transactions intend that this proposal be superseded by a the Purchase Agreement. In the meantime, all parties agree to proceed in accordance with terms and conditions outlined in this Letter of Intent. Seller understands the purpose of this Letter of Intent is to allow further investigation by both parties into the feasibility of entering into a formal agreement. This Letter of Intent is only binding on the parties during the Contract Negotiation period. If the Purchase Agreement is not mutually executed within the Contract Negotiation Period for any reason whatsoever or no reason at all,......

Words: 848 - Pages: 4

Free Essay

Transaction Analysis

...say so.” “I am sorry I am late.” The ego states discussed above are depicted in TA by the following diagram: CP P CP- Critical Parent NP-Nurturing Parent A-Adult A NC LP AC NC-Natural Child LP-Little Professor AC-Adapted Child Each of these ego states has its uses, advantages and disadvantages. It is desirable that rather than getting fixated in a particular ego state, for example, using one’s CP in most of the situations, an individual develops the flexibility to move his psychic energy 3 quickly and appropriately from one ego state to another. A widely -held belief in TA is that in any transactional situation, we should first put ‘the Adult into the executive’. This means that before starting transaction, we should first consult our Adult to decide which would be the most appropriate ego state in a given situation, and after having objectively and logically decided that, we can move to the concerned ego state. For example, if our Adult tells us that we have shown enough tolerance towards a person’s mistakes and it is time to pull him up, we can then engage our CP. Or, if our Adult tells us that we have been overly harsh with a person, we can change from CP to NP or even NC. Problems of Exclusion and Contamination Many of us use a single ego state in most of the circumstances. Such persons tend to act in rigid, highly predictable ways in all situations because there is almost total reliance on one ego state to the exclusion of...

Words: 5776 - Pages: 24

Premium Essay

Transaction Risk

...University of Phoenix Material Week Four Individual Assignment: Financial Transaction Risks Describe the risk exposure(s) in the following financial transactions. Identify which transactions are influenced by interest rates or interest income. (CAUTION: Some can be influenced by both!) Risk Types: Interest rate risk, Credit risk, Technology risk, Foreign exchange rate risk, Country or sovereign risk |Financial Transactions |Risk Type |Describe and justify risk type |Interest Rate or | | | | |Interest Income? | |A bank finances a $10 million, six-year fixed-rate commercial loan by selling one-year |Interest & Credit |This type of financial transaction it has an interest rate |Both, Interest Rate and| |certificate of deposit. |Risk |risk and credit risk. The reason it is an interest rate risk |Interest Income | | | |is because changes in an interest rate can change the value | | | ...

Words: 646 - Pages: 3

Premium Essay

Test Transactions

...TEST TRANSACTIONS 1. Cash advance made by employees a. Request of cash advance b. Preparation of check c. Payment made by employee as deduction from payroll 2. Cash advance made by consultants d. Request of cash advance e. Preparation of check f. Payment made by consultants as deduction from work performed 3. Billing statement named to company g. Receipt of billing statement h. Preparation of check i. Receipt of OR 4. Billing statement named to individual j. Receipt of billing statement k. Preparation of check l. Receipt of OR 5. Credit Card billing statement named to company m. Receipt of billing statement n. Preparation of check o. Receipt of OR 6. Credit Card billing statement named to individual p. Receipt of billing statement q. Preparation of check r. Receipt of OR 7. Sales Invoice named to company s. Receipt of sales invoice t. Preparation of check u. Receipt of delivered items v. Receipt of CR w. Return of goods to suppliers x. Receipt of returned/replaced goods 8. Sales Invoice named to individual y. Receipt of sales invoice z. Preparation of check {. Receipt of delivered items |. Receipt of CR }. Return of goods to suppliers ~. Receipt of returned/replaced goods 9. Reimbursement of employees . Receipt...

Words: 318 - Pages: 2

Premium Essay

Transaction Authorisation

...Transaction Authorization PURCHASES SUBSYSTEM. The inventory control function continually monitors inventory levels. As inventory levels drop to their predetermined reorder points, inventory control formally authorizes replenishment with a purchase requisition. Formalizing the authorization process promotes efficient inventory management and ensures the legitimacy of purchases transactions. Without this step, purchasing agents could purchase inventories at their own discretion, being in a position both to authorize and to process the purchase transactions. Unauthorized purchasing can result in excessive inventory levels for some items, while others go out of stock. Either situation is potentially damaging to the firm. Excessive inventories tie up the organization’s cash reserves, and stock-outs cause lost sales and manufacturing delays. Segregation of Duties SEGREGATION OF INVENTORY CONTROL FROM THE WAREHOUSE. Within the purchases subsystem, the primary physical asset is inventory. Inventory control keeps the detailed records of the asset, while the warehouse has custody. At any point, an auditor should be able to reconcile inventory records to the physical inventory. Supervision In the expenditure cycle, the receiving department is the area that most benefits from supervision. Large quantities of valuable assets flow through this area on their way to the warehouse. Close supervision here reduces the chances of two types of exposure: (1) failure to properly inspect......

Words: 935 - Pages: 4

Premium Essay

Commercial Transactions

...Commercial Transactions (Contracts) Unit 3-Individual Project Tiffany L. Wilson Abstract Contracts are very important when it comes to businesses. Contracts have to be legally and binding to cover all aspects in case there is ever any doubt. In large corporations they would often have to have the expertise of judges help because something especially in advertising could be interpreted to be something totally different. Commercial Transactions (Contracts) This case is very interesting and it brings up some valid points that must be pointed out in order to have a success of the business. In this case we will present the four elements of a valid contract and we will discuss how each of these steps is very important to the establishment of a business and its contractors. In dealing with commercial businesses there are many rules that we must follow in dealing with contracts to make sure we do not violate any rules and regulations. With this case we will discuss how in a similar case if things are not properly done it would hurt the business and could be found void if proven the contract is not a valid one. (Cheesenan, 2009) In this case we see that it has to be first defined in the four elements in developing a valid contract. Element one is the contract. A contract is simply defined as a contract between people that sets the term of each party to participate or not participate in particular things. ......

Words: 935 - Pages: 4