#Intermediate accounting 17th professional

The International Monetary Fund's classes of major financial centers are: International Financial Centres (IFCs), such as New York City, London, and Tokyo Regional Financial Centres (RFCs), such as Shanghai, Shenzhen, Frankfurt, and Sydney and Offshore Financial Centres (OFCs), such as Cayman Islands, Dublin, Hong Kong, and Singapore.

#Intermediate accounting 17th professional

Ancillary financial services include rating agencies, as well as provision of related professional services, particularly legal advice and accounting services. Financial centres usually host companies that offer a wide range of financial services, for example relating to mergers and acquisitions, public offerings, or corporate actions or which participate in other areas of finance, such as private equity and reinsurance. Trading activity can take place on venues such as exchanges and involve clearing houses, although many transactions take place over-the-counter (OTC), that is directly between participants. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds, insurers, hedge funds), and issuers (such as companies and governments). New York is ranked as one of the largest International Financial Centres ('IFC') in the world.ДЄ financial centre, financial center, or financial hub is a location with a concentration of participants in banking, asset management, insurance or financial markets with venues and supporting services for these activities to take place. New York City's Financial District in Lower Manhattan, including Wall Street.