The document discusses various sources of finance for hotel development projects, including equity shares, preference shares, and debt. It covers topics such as:
1) Equity shares provide flexible financing but dilute ownership, while preference shares have preference in dividends and capital repayment but limited voting rights.
2) Debt financing includes loans with fixed repayment terms.
3) Projects require short, medium, and long-term financing for operations, equipment, and construction respectively.
4) Potential local investors, state agencies, and institutions can provide financing for tourism development projects.
It is an endeavour to provide literature to UGC NET aspirants in commerce. This pdf contains the notes of Sources of Finance from the Unit 4 - Business Finance.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online
Elements of financial management & working capitalCh Naresh
The PPT Covers the 2 topics
1.Elements of Financial Management
2.Working Capital
which consists of following topics:
Contents :
Finance
Shares
Debentures
Bonds
Right shares
Venture capital
Mutual fund
Importance of working Capital
Types of working Capital
Components of working Capital
➢Meaning
➢Importance
of Working capital
Capital
It is an endeavour to provide literature to UGC NET aspirants in commerce. This pdf contains the notes of Sources of Finance from the Unit 4 - Business Finance.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online
Elements of financial management & working capitalCh Naresh
The PPT Covers the 2 topics
1.Elements of Financial Management
2.Working Capital
which consists of following topics:
Contents :
Finance
Shares
Debentures
Bonds
Right shares
Venture capital
Mutual fund
Importance of working Capital
Types of working Capital
Components of working Capital
➢Meaning
➢Importance
of Working capital
Capital
Presentation on Types and Accouting Treatment of Share Capital Komal Mahajan
This Presentation highlights the types of share capital and accounting treatment for the issue of shares for consideration other than cash in the case of a company.
SHARE,DEBENTURE,COMPANY,TYPES OF COMPANY,COMPANY LAW,
DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANY,SHARE,SHARE HOLDER,SHARE CERTIFICATE,KINDS OF SHARE,EQUITY SHARES,PREFERENCE SHARE,FORFEITURE OF SHARE,EQUITY VS PREFERENCE SHARES,DEBENTURE,TYPES OF DEBENTURE,SHARE VS DEBENTURE,MEETINGS,
KINDS OF MEETINGS,ESSENTIAL OF VALID MEETING,CONDITION OF VALID MEETING
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Presentation on Types and Accouting Treatment of Share Capital Komal Mahajan
This Presentation highlights the types of share capital and accounting treatment for the issue of shares for consideration other than cash in the case of a company.
SHARE,DEBENTURE,COMPANY,TYPES OF COMPANY,COMPANY LAW,
DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANY,SHARE,SHARE HOLDER,SHARE CERTIFICATE,KINDS OF SHARE,EQUITY SHARES,PREFERENCE SHARE,FORFEITURE OF SHARE,EQUITY VS PREFERENCE SHARES,DEBENTURE,TYPES OF DEBENTURE,SHARE VS DEBENTURE,MEETINGS,
KINDS OF MEETINGS,ESSENTIAL OF VALID MEETING,CONDITION OF VALID MEETING
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2. Introduction
The sources of finance available to our hotel
development are similar to those available to Real
estate developers of other kinds of projects
It is necessary to have a separate source of finance
during the construction period, which could be
replaced by permanent financing when the hotel
is opened
The sources of finance in tourism come from
potential local investors, State Agencies, or
leading Institutions
The tourism programs adopted by the state help to
ensure potential investors at it will create a market
and international tourists will come and fill up the
3. The industry requires three types of finance
1. Long-term Finance: The investment in land
and physical capacity is a major head of
expenditure requiring long-term finance for
hotel projects
2. Medium-term Finance: The expenditure on
equipment, furnishing, and largescale
decoration, etc. require medium-term finance
3. Short-term Finance: It is required to meet
operating costs, the cost of redecorating, and
renovation, etc.
4. Major sources of capital
Equity :Equity refers to the shareholder's
funds
Debt : consists of term loans, debentures, and
short term borrowings.
5. What Is Capital?
• Capital is a broad term that can describe anything
that confers value or benefit to its owner, such as
a factory and its machinery, intellectual property
like patents, or the financial assets of a business
or an individual
• While money itself may be construed as capital
is, capital is more often associated with cash that
is being put to work for productive or investment
purposes
• In general, capital is a critical component of
running a business from day to day and financing
its future growth. Business capital may derive
from the operations of the business or be raised
6. What Is Capital?
• When budgeting, businesses of all kinds
typically focus on three types of capital:
1.working capital,
2.equity capital,
3.debt capital
A business in the financial industry identifies
trading capital as a fourth component.
7. Authorized/Nominal/Registered Capital
At the time of registration of a company, the
Memorandum of Association mentions the amount of
capital a company is authorized to raise from the public
by selling shares which is known as Authorized Capital
or Normal Capital or Registered Capital
It is the maximum amount of share capital that a
company can issue. In the case of a limited company,
the Memorandum shall contain the amount of Capital
by which a company is proposed to be registered and
the division thereof into shares of fixed amount
In short, it is the maximum amount of capital which a
company will have during its lifetime—unless it is
increased.
8. Issued Capital
• Generally, a part of the authorized capital is
issued to the public for subscription which is
known as issued capital, i.e., it is the nominal
value of the shares which are offered to the
public for subscription
• Usually, a company does not issue all its
capital at a time, i.e., issued capital is less than
the authorized capital. If all shares are issued,
issued capital and authorized capital will be
the same
9. Subscribed Capital
A part of the issued capital which is subscribed
by the public is known as subscribed capital
It does not necessarily mean that all the shares
which have been issued will be taken over by
the public
In other words, the share capital of the number
of shares which are taken over by the public is
called subscribed capital, i.e., the portion of
issued share capital which is paid/subscribed
by the shareholder is known as subscribed
capital.
10. Called-Up Capital
Generally, the shareholders pay the price of the
shares by installments, viz., application,
allotment, First call, Final call etc
Therefore, the portion of the face value of the
shares which the shareholders are called upon
to pay or the company has demanded to pay is
called Called-up capital
11. Uncalled Capital
The unpaid portion of the subscribed capital is
called Uncalled Capital
In other words, it is the remainder of the issued
Capital which has not been called
However, the company may call this amount at
any time but that must be subject to the terms
of issue of shares.
12. Paid Up Capital
• The amount actually paid by the shareholders
is known as Paid-up Capital.
13. Reserve Capital
According to Sec. 99 of the Companies Act,
1956, Reserve Capital is that part of uncalled
capital of a company which can be called only
in the event of its winding-up
A limited company may, by special resolution,
determine that any portion of its share capital
which has not been called-up, shall be called
up, except in the event of the company being
wound-up, such capital is known as Reserve
Capital. It is available only for the creditors on
the winding-up of the company
14. Capital Asset
• For businesses, a capital asset is an asset with
a useful life longer than a year that is not
intended for sale in the regular course of the
business's operation
• This also makes it a type of production cost.
For example, if one company buys a computer
to use in its office, the computer is a capital
asset
• If another company buys the same computer
to sell, it is considered inventory.
16. EQUITY(ORDINARY) SHARE CAPITAL
According to companies act, “equity share
capital' refers to all share capital which is not
preference share capital
Equity shareholders have the last claim on
divisible profits after the commitment to the
preference shareholders
Equity share holders receive dividends out of
profits as recommended by the Company & as
declared by the shareholders in an annual
general meeting (After due consideration to
depreciation & after dividend on preference
17. EQUITY(ORDINARY) SHARE CAPITAL
• The principal advantage obtaining finance through this
source is that there is no compulsion on payment on
dividends
• If the company does not have not have sufficient cash
flow, then it can skip the payment of dividends without
any legal complications.
• The amount of equity share capital enhances the
creditworthiness of the Company.
• The disadvantage associated with this source is that the
sale of equity shares to outsiders dilute control of
existing owners.
• The cost of equity capital is the highest & the investors
also assume greater amount of risk and therefore
18. SWEAT EQUITY SHARES
Are equity shares given to company's employee
in recognition of their work
The Company may proceed with the issue of
sweat equity shares if the issue is authorized
by a special resolution passed by the Co. in the
general meetings
19. PREFERENCE SHARE CAPITAL
A preference share has a preference in regard to
payment of dividend and preferential right of
the repayment of capital in the event of
winding up of company
The payment of dividend on preference shares
may be cumulative or non-cumulative
20. Types of preference share
1.PARTICIPATING & NON-PARTICIPATING
2.CUMULATIVE & NON-CUMULATIVE
3.REDEEMABLE & IRREDEEMABLE
The voting right of preference shareholders are
restricted
An equity shareholder can vote on all matters
affecting the Company but a preference e share
holder can vote only when his special rights as
a preference shareholder are being varied or
their dividend is in arrears.