what is the Financial Training Center limited (FTC) known for? what is a example of processing, and communication of Financial Information?
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Financial Training Center Limited Financial Training Center Limited (FTC) is a training institution in Dar es Salaam, Tanzania. It provides training in professional qualifications in Accounting, Business Administration, Marketing, Travel, Tourism and Hospitality Studies.
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Accounting Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
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Foreign tax credit A foreign tax credit (FTC) is generally offered by income tax systems that tax residents on worldwide income, to mitigate the potential for double taxation. The credit may also be granted in those systems taxing residents on income that may have been taxed in another jurisdiction. The credit generally applies only to taxes of a nature similar to the tax being reduced by the credit (taxes based on income) and is often limited to the amount of tax attributable to foreign source income. The limitation may be computed by country, class of income, overall, and/or another manner.
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India Infoline IIFL (formerly known as India Infoline Limited), is an Indian diversified financial services company headquartered in Mumbai. The organisation was founded by Nirmal Jain. IIFL and its group companies are backed by Canadian investor Prem Watsa, private Equity firm General Atlantic and CDC Group, the UK Government's private equity arm. IIFL is ranked among the top seven financial conglomerates in India and as the top independent financial services firm in India in terms of market capitalisation. Nirmal Jain is the Chairman of the group, while R Venkataraman is the Group Managing Director and Co-Promoter.
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Forum for International Trade Training The Forum for International Trade Training (FITT) is "a not-for-profit organization that offers international business training, resources and professional certification to individuals and businesses."
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TIM Group TIM Group is a privately owned technology company, developing and operating web-based solutions for the financial services industry, based in The City of London. TIM Group's solutions are used by investment banks, brokerage firms, hedge funds, asset managers, and funds of hedge funds (FoHF) in the US, Europe and the Far East.
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Guernsey Financial Services Commission The Guernsey Financial Services Commission is the supervisory authority for financial services in the Bailiwick of Guernsey. They operate via a risk-based approach towards their supervision of licensees, following a program known as PRISM.
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Ally Financial Ally Financial Inc., formerly known as GMAC Inc. (an acronym for General Motors Acceptance Corporation) until 2009, is a bank holding company headquartered in Detroit, Michigan. The company provides financial services including auto financing, corporate financing, insurance, mortgages, stock brokerage, and online banking. Ally is one of the top auto lenders in the U.S. by volume and is on the list of largest banks in the United States.
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National Foundation for Credit Counseling The National Foundation for Credit Counseling (NFCC) is an American nonprofit organization that provides counseling services for consumers. Established in 1951, the NFCC consists of a network of 106 agencies and 850 offices in the United States. The national headquarters is in Silver Spring, Maryland.
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Cyprus Securities and Exchange Commission The Cyprus Securities and Exchange Commission, () better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law. Notably a significant number of overseas retail forex brokers and binary options brokers have obtained registration from CySEC.
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Treasury International Capital Treasury International Capital or TIC is a set of monthly and quarterly statistical reports from the U.S. Treasury that shows nearly all the flows of money into and out of the U.S, for purchases and sales of U.S. securities and financial instruments by institutions, governments, central banks, corporations and many other entities. This includes short and long term transactions, such as stocks, bonds, derivatives, currencies, options, forwards, swaps, bank transactions, and other cross-border transactions.
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Mackinac Financial Corporation Mackinac Financial Corporation is a bank holding company for mBank, it provides commercial and retail banking products and services and was incorporated on December 16, 1974. The company's common stock is traded on the NASDAQ stock market under the symbol of “MFNC.”
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Service bureau A service bureau is a company that provides business services for a fee. The term has been extensively used to describe technology-based services to financial services companies, particularly banks. Service Bureaus are a significant sector within the growing 3D Printing industry that allow customers to make a decision whether to buy their own equipment or outsource production. Customers of service bureaus typically do not have the scale or expertise to incorporate these services into their internal operations and prefer to outsource them to a service bureau. Outsourced payroll services constitute a commonly provisioned service from a service bureau.
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Straight-through processing Straight-through processing (STP) is an initiative used by financial companies to speed up the transaction process. This is performed by allowing information that has been electronically entered to be transferred from one party to another in the settlement process without manually re-entering the same pieces of information repeatedly over the entire sequence of events. The goal of STP is simple – reducing the time it takes to process a transaction will increase the likelihood that a contract or an agreement is settled on time.
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Tata Investment Corp Tata Investment Corporation Limited (TICL) is a non-banking financial company. Earlier named the Investment Corporation of India, the company is primarily involved in investing in long-term investments such as equity shares, debt instruments, listed and unlisted, and equity related securities of companies in a wide range of industries. The sources of income of the Company consist of dividend, interest and profit on sale of investments. TICL invested in sectors, such as banks, cement, chemicals and fertilizers, electricity and transmission, electrical and electronics, engineering, construction and infrastructure, fast-moving consumer goods, finance and investments, healthcare, hotels, information technology, metals and mining, motor vehicles and ancillaries, oil and natural resources, retail, textiles, transportation and logistics, and miscellaneous and diversified .
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Financial intelligence (business) Financial intelligence is a type of business intelligence constituted of the knowledge and skills gained from understanding finance and accounting principles in the business world. Although a fairly new term, financial intelligence has its roots in organizational development research, mostly in the field of employee participation. Financial intelligence has emerged as a best practice and core competency in many organizations leading to improved financial results, increased employee morale, and reduced employee turnover. Many organizations include financial intelligence programs in their leadership development curriculum. Financial intelligence is not an innate skill, rather it is a learned set of skills that can be developed at all levels.
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MTBC MTBC, Medical Transcription Billing, Corp., is a publicly traded healthcare IT company that provides electronic health record software and technology-based medical billing, transcription and practice management services to healthcare providers in the United States. MTBC is headquartered in Somerset, NJ, USA and runs an operational facility in Rawalpindi, Pakistan through its subsidiary, Medical Transcription Billing Company (Pvt.) Ltd.
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Financial calculator A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities. It has standalone keys for many financial calculations and functions, making such calculations more direct than on standard calculators. It may be user programmable, allowing the user to add functions that the manufacturer has not provided by default.
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Investment banking An investment bank is typically a private company that provides various financial-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services (fixed income instruments, currencies, and commodities).
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Finance Accreditation Agency Finance Accreditation Agency (FAA) when first started, was commissioned by its stakeholders, Central Bank of Malaysia and Securities Commission Malaysia to be responsible for the quality assurance of learning initiatives within the Financial Services Industry or FSI, on learning programme accreditation. Initially tasked to ensure that the training programmes offered by industry and more than 300 training providers in Malaysia meet internationally benchmarked standards of quality that the FSI will honour and recognise, FAA has extended its services to other parts of the world including the European, Middle East and North Africa Region. Since its establishment on 2 August 2013, the Agency has accredited more than 70 learning programs both locally and internationally.
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Telephone banking Telephone banking is a service provided by a bank or other financial institution, that enables customers to perform a range of financial transactions over the telephone, without the need to visit a bank branch or automated teller machine. Telephone banking times are usually longer than branch opening times, and some financial institutions offer the service on a 24-hour basis. However, some banks impose restrictions on which accounts may be accessed through telephone banking and limits on the amount that can be transacted.
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Financial intermediary A financial intermediary is an institution or individual that serves as a middleman among diverse parties in order to facilitate financial transactions. Common types include commercial banks, investment banks, stockbrokers, pooled investment funds, and stock exchanges. Financial intermediaries reallocate otherwise uninvested capital to productive enterprises through a variety of debt, equity, or hybrid stakeholding structures.