IOSR-JBM   Volume-5 ~ Issue-5 ~ Nov-Dec-2012

Paper Type	:	Research Paper
Title	:	Finance Education is imperative for enhancing Financial Capability of Indian citizens
Country	:	India
Authors	:	Dr. Lokanath Mishra
	:	10.9790/487X-0550110

Abstract:Financial Capability is defined as a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial wellbeing. Finance education can develop required awareness and provide relevant financial knowledge. Financial training can render appropriate skills and competence. Social marketing can ensure attitudinal change and behavioural modification. Thus finance education is an important component of the developmental mechanism for enhancing financial capability. Finance education is a must for everyone. However, policy makers will have to address finance education needs of kids, school students, college / university students, youths, retirees / senior citizens, women, defence personnel, parents, teachers and employees separately in order to get the best results. Indian Government and regulatory bodies in the financial sector will have to do their bit to ensure that appropriate finance education is provided to all citizens and their financial capability is enhanced.
Key Words: Finance Education, Financial Literacy, Financial Capability, Financial Responsibility, Financial Wellbeing, Financial Planning.

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Paper Type	:	Research Paper
Title	:	An Assessment of the Indian Housing Finance System: Crucial Perspective
Country	:	India
Authors	:	Mr. Ch. Hari Govinda Rao, Dr. N. Apparao
	:	10.9790/487X-0551124

Abstract:House is a centre and domestic device for mankind's moral and substance development ever since the dawn of civilisation. Housing is one of the most important that we human beings need. Adequate housing is essential for human survival with dignity. There are many things that we would find difficult, if not impossible to do without good-quality housing. Housing shortage is a universal phenomenon. It is more acute in developing countries. The housing dimension in India has been changing in recent years. India has initiated so many housing reform that has taken many forms and manifestations characterized by the reduction in social allocation, cutbacks in public funding and promotion of a real estate culture in close partnership between the state and private actors. Mortgage financing markets can play an important role in stimulating affordable housing markets and improving housing quality in many countries. Unfortunately, they are often less developed in India. This lack of development often translates into lower homeownership rates or lower housing quality. Most stem from the central dilemma that the resources are always too limited and housing development heavily depend on the financial institutions such as banks, credit corporations and development banks for the supply of finance to meet their daily financial needs. Against this backdrop this paper will assess basic nuances of Indian financing system. This paper will also provide key issues, future outlook and institutional performance.
Key Words:Basic nuances of Housing, Housing Condition in India, Housing Shortage and Affordable Housing in India, Institutional Performance of housing finance in India, Key Recommendations for affordable housing.

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Paper Type	:	Research Paper
Title	:	Determinant of Accounting Standard, Between Parent and Subsidiary Company Operating In the Globa Community
Country	:	Nigeria
Authors	:	Enofe, Augustine and Josiah Mary
	:	10.9790/487X-0552530

AbstractThe study examines the Determinant of Accounting Standard between parent and subsidiary company operating in global community using manufacturing company in Nigeria These firm lack accountability and transparency and distortions in financial report which leads to poor financial reporting .The data were gathered by the use of questionnaires and analyzed using binary logistic regression and the z-test statistics to ascertain whether it is the parent company that determines the accounting standard harmonization of accounting standard or the local culture and environment have any impact on the determination of accounting standard in parent and subsidiary relationship. The findings suggest first, Harmonization of accounting have impact on the determination of accounting standard in parent subsidiary relationship, and secondly, that local culture and political environment have impact on determination of accounting standard in parent subsidiary relationship. The study therefore recommend that the firm should be more transparent, accountable in compliance with the accounting standard which gives the financial statement credibility, reliability and comparability globally, this will help the preparation of consolidated accounts. The firms should work with executives who have skills to deal with a variety of local cultures and brings diverse team together to achieve common goal.
Key Words: Accounting standard, Accountability, comparability, Nigeria and Parent subsidiary company.

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