Monthly Archives: November 2015

The accounting field of finance

In the broad career field of finance, accounting is one of the major sectors that make a crucial part in this field of finance. Starting from the complex accounting of a country or that of big international entities like the World Bank to the less complex such as that of a small company, accounting is always necessary. The need for accounting started a long time ago when the need to allocate different sectors of a corporation the required resources arose. In most cases, the modern day accounting involves monetary allocation. Not many people are able to deal with finances effectively while avoiding any loop holes that could encounter loses. This is why accounting becomes crucial.

This field of finance involves the calculations which are tabulated according to the different resource allocations of a certain entity. These entities can also include big companies and even the smaller business corporations or even that of an individual. It also involves other important sectors such as auditing, financial consultations and taxation among others. All institutions that have monetary allocations have an accounting department. Some business entities such as the real estate sector may need to hire accounting services from outside sources in order to maximize their satisfaction in financial allocations. In such a case, that company may hire an accountant for consultations on valuation of property.

The accounting profession

In the wide range of career choices, the finance field bores accounting. This field of career is wanting and that is why not many people have taken it. In the past few years, there have been very few internationally recognized certified accountants. It has long been seen as a hard subject in school. It has however improved all over the world now. Many countries have established specific accounting bodies that train in this financial profession and then offer certification for the public accountants. These are the bodies that hold for the integrity of the accounting and auditing standards. Based on the field of accounting, these bodies offer the certified public accountants who are then allowed to work as professionals in public or even private institutions. These bodies have become the turning points for the modern accounting and auditing.

There are also international bodies that also offer accounting certification. Those who have been certified by these international bodies are allowed to work in international corporations. Those who have been certified by these organizations are licensed to also sign off some audited reports for financial statements such as those of limited companies. With all these improvements, the field has seen a lot of advancement.

Important updates about the IPO market in Hong Kong

2015 has been an important year for the IPO market in Hong Kong because of the funds that have been raised within the first 6 months of the year. Many securities have been issued as IPO in Hong Kong and the upward trend continues. There are more than 45 new companies that got listed with the market and which has created a new and better outlook for the remainder of the year.

There are several Chinese companies that are planning to launch their IPO in Hong Kong during the latter half of the year. Companies such as China Reinsurance group, China Huarong Asset Management Company, IMAX China Holding and Everbright securities are all amongst the companies that have either entered their IPO in Hong Kong or will do so by the end of the year. The China Merchants Securities is also in the running to raise a whopping 43.7 Billion in Hong Kong Dollars which will take it straight to being the biggest listing on this stock exchange. It is already holding the position of being the biggest brokerage firm through its asset value in the whole of China.

Within other developments, the Hong Kong market is making positive attempts to increase in the number and value of its investors. Hence there are several schemes that have been floated which will gain foreign investors’ attention towards this market. This is expected to bring more liquidity in the market and make the prospects of investing higher. There are many mainland investors who have been mobilized between the Shenzen and the Hong Kong stock markets. This connectivity is expected to bring more business to both the market places.

From a government perspective also, there are many attempts being made to maintain the upward market trend in the issuing of new IPO in Hong Kong. The Boao Forum was one such avenue in which many plans were discussed to motivate the industry overall and let people know of the various government initiatives. Cutting in the reserve requirement ratio by the People’s bank of China has further eased the entering into markets by the investors in the mainland. Another initiative is the increase in the over the counter purchase and sale of securities which gives the market trade a personalized effect. New amendments are in way towards the short selling and the margin trading in the market too. This is expected to further boost the futures trading market also.