policies were aimed to stabilize the housing price and not to reduce it. Despite the measures, because of China’s fast growing economy and the high deposit level in banks, housing prices continued to surge.
In 2007, tighter financing policies were implemented. The central bank raised lending rates by six times during the year, directly increasing the burden of housing mortgage loans. The cen
policies of KAL. Choose one interesting/doubtful accounting policy. Then, comment on the chosen accounting policy
I. Main accounting policies
We could find the main accounting policies of KAL by looking into its footnotes. We investigated its accounting policy for revenue recognition, allowance for doubtful debts, inventory valuation, and depreciation method.
1. Revenue Recognition
KAL
the net cash flow in the CFS from one year to the next should equal the increase or decrease of cash between the two consecutive balance sheets that apply to the period that the cash flow statement covers.
e. Check the main accounting policies of your company. Choose one interesting/doubtful accounting policy. Then, comment on the chosen accounting policy.
Policies of three
financial crisis the management focusing on shareholder’s benefit is well on the way to establishing itself with reforming systems and carrying on the movement of small sum stockholders. However, despite trying to these reform corporate governance and the reformations, dividend policies which can secure the strong stockholders are often overlooked in Korea. Particularly, dividend policy need to
finance.
The opening of 2000year, FRB had lowered Federal Fund Rate to 5.5% from 7.5%. So it offered a factor that make a bubble of housing industry through mortgage-loan.
Therefore FRM was reduced from 7.5% to 5.5% suddenly, ARM also was reduced from 7% to 4% rapidly.
Demand of houses because of low interest, reproviding fund through refinancing and so on, these things lead long terms Excess