Question
In: Finance
The Corporations Act requires financial planners to disclose three documents to their clients. What are these...
The Corporations Act requires financial planners to disclose three documents to their clients. What are these documents? Describe the purpose of each.
Solutions
Expert Solution
3 documents which are required are as follows-
A.FSG(financial services guide)-financial services guide must be given to a client at the earliest practicable opportunity before a financial services provided, and as soon as it becomes apparent that Financial service will be provided. It helps compliance and transparency and it also reduce potential dispute between contracting parties
B. SOA(statement of advice)-statement of advice is mandatory each time advice is given to the client. It must set out the clients personal circumstances, risk profile and financial risk along with objectives. The statement of advice must also disclose the benefits obtained that will be used to influence the entity providing the advice.
C.PDA(product disclosure statement)- Product disclosure statement is supplied by product supplier and it provides various details about the fund manager and the risk of investment. It also provides detail of past performance along with the fees and the cost of management and the application form.
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their stakeholders which should be publish in annual reports of the
corporation. Download an annual report of any corporation in KSA
and study the Cash flow statement prepared by them to answer the
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1. Explain in detail how the cash flow statement was prepared by
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2. Which method was used to prepare the statement? Explain the
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and study the Cash flow statement prepared by them to answer the
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Corporations must disclose their financial reports to their stakeholders which should be publish in annual reports...
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1. Explain in detail how the cash flow statement was prepared by
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to their stakeholders which should be publish in annual reports of
the corporation. Download an annual report of any corporation in
KSA and study the Cash flow statement prepared by them to answer
the following questions:
1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with...
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and study the Cash flow statement prepared by them to answer the
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1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
other method that can be used to prepare cash flow statement, with
numerical...
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and study the Cash flow statement prepared by them to answer the
following questions:
1. Explain in detail how the cash flow statement was prepared by
the corporation.
2. Which method was used to prepare the statement? Explain the
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