Banking Term Papers Samples For Students

Most employees in international organizations are charged with the responsibility of writing instructions proposals. A clear step by step outline of proposal instruction is presented below.

Design your executive summary to presents the overview of the entire proposal. Write it in a neat and impressive way because this is the first thing that a potential funder will be looking to. Include brief yet concise statements of the project in the executive summary (Pisoni and White 3). State the problem briefly and provide a clear solution for it by providing with a description of the project. Ideally, all the possible solutions to the problems ...

Thesis

The global financial crisis was a period during which downturns were experienced in the stock markets, economic activities as well as losses in the housing market all over the world. During this period, banks had to be bailed out by national governments and consumer wealth declined significantly. The result was a major recession between 2008 and 2009 .
This paper looks at the global financial crisis in the world, its effect in the US and measures taken by the US to manage it. This financial crisis was experienced in the world in the late 2000’s and the US was hit ...

Edward Bellamy published a utopian novel “Looking backward,” which became the most influential books in the history of American Utopian. The book provides a vision of the future that indirectly has assisted to direct the evolution of the American community. The book led to the creation of utopian societies and had great influence on political thought in the 20th century in the United States and the rest of the world. However, the author's illustration of a society where a person is subordinate to the state and industry army marches in lock step for the common good raises questions about human rights and fear ...

Executive summary

I chose to focus on functional strategy formulation and strategic choice in their application to real business world. This would aid me in understanding the topic in this “Strategic Management and Business Policy” textbook written by Thomas L. Wheelen and J. David Hunger. This report will be aimed at analyzing topic seven and eight, as they appear in the above class textbook. Chapter 7 and 8 concentrates on functional strategy formulation and strategic choice that concerns the full cycle of business life. This topic analyzes various strategies a business undertakes in the pursuit of growth and stability as well as ...

Introduction

This paper summarizes the key policies that were implemented by the United States Federal Reserve Bank in the period between 2008 and 2010. This time period under review presented a unique economic environment for the Federal Reserve and the US economy as a whole, due to the Global Financial Crisis which begun in the second half of 2008. This paper seeks to understand the key decisions that the Fed took in averting the deepening of the crises, and in steering the economy back on the right course. By and large, the decisions taken by the bank are to a large extent a reflection ...

A Comprehensive overview

[Author Name]

Financial Crisis

Introduction
It’s of imperative importance to understand the link between financial system and the economy. According to various economists, it is gauged that there are two primary function of finance. As mentioned in The Economist, it essentially performs as an economic time machine, serving savers to haulage their present surplus income into the future, and on the other hand offering borrowers access to future earnings now. Finance also serves as a safety net, protecting against catastrophic unforeseen events. Hence, by performing these two acts, an efficiently running financial system ensures against the bumps in life, providing ...

Steps needed to officially establish the company

Before establishing any company, it will be sagacious to reach some legal requirement. What the law requires us to do should be considered whether the company is a sole proprietorship venture or a partnership. In this case, the company in question is a sole proprietorship company meaning that fewer legal requirements will be required as to when the company could have been a partnership.
The first step according to Smith (2011) will be to choose the name of the company. For the registration requirement of the company, the name of the company will be crucial. To make sure that the chosen name ...

Business Financing and the Capital Structure

It can be a daunting task for any business to decide the best financing option when they are in need of capital to expand their businesses. There is variety of financial resources that businesses can utilize to expand. These categorized into two, the debt and equity. For the debt option, the business borrows money to be repaid back--for example the bank loan. Equity involves a business selling interest to investors in the company. There are several advantages of the debt option. When the lender write a check, he/she does not come back to claim the equity in business and the relationship ends ...

INTRODUCTION

for India for a 31 year period starting from 1980-1981 up to 2010-2011 on six independent
variables: Gross Domestic Capital Formation, Net Domestic Savings, Exports, Employment,

Gross Enrolment Ratio and Imports.

MOTIVE
Macroeconomic theory suggests that aggregate demand depends on economy’s investment,
savings, exports and imports. We have gone off the beaten track and included two
unconventional variables- the employment in the public and organized private sector and the
gross enrolment ratio. Our objective behind this has been to show how the spread of
education sector and increased employment opportunities affect the annual growth rate of

GDP and to find out if it has had a significant impact on the economic growth of India in the

past few ...

Introduction

Generally, when we plan to analyze the performance of any organization we calculate the financial ratios of the company and then critically analyze these ratios with current and past performance and with the results of the competitors. There are some performance measurement tools that require comprehensive data in order to comprehend the performance of the company. With changing dynamics of the business environment and the complexity of the tasks performed by companies, these performance measurement tools are given their due share of consideration by financial analysts now. (Jack, 1997) The company we will analyze is Bank of America. Bank ...

Investment Portfolio

Introduction
Finance is a broad field in which there are numerous things stride upon. Finance and accounting is defined from two different aspects and both of them have their own significance and importance in particular. Accounting is the name of recording and interpreting daily data and information of the company, while finance is the name of better utilizing of company’s funds in different areas such as numerous business practices, operational activities, making purchases and investment to capitalize their funds .
The essence of financial modeling is increasing day by day in number of countries across the globe, as ...

Introduction

The choice of the direct marketing strategy for Capital One 360 account is influenced by the finding that ING Direct targets online customers in need of automatic saving plans. In the strategy, “Texsco agency” shall focus on targeting the low-income earning customers within the American banking market. ING Direct chief competitors such as Emigrant Direct and UK-based HSBC have ignored a small market niche in the U.S. their interest rates are significantly higher and have failed to attract depositors from the U.S markets. The customers amount to approximately 3.5 million. Considering the account’s current interest rate of 1.8%, the ...

Personal budgeting

Overspending occurs when one uses savings and build up debts. Planning personal budget helps to solve such cases and controlling use of funds. It requires personal discipline as the amount saved and what they are intended to purchase to be fulfilled. Budgeting helps to answer the question of whether one can afford what is spending or intending to do. It helps in decision making in regard of time in comparison with income, saving and cost of the product. One gets to understand spending and prioritizing making stick to the goal or the objective of saving.
There is a technique ...

The housing bubble and its subsequent burst in late 2006-07, were cited as one of the primary reasons for the financial crisis of 2007-08 that left the whole global economy in tense situations. In the US alone, millions of people went homeless, and thousand of real estate companies were having unsold homes and commercial properties. The financial pundits and researchers blamed the easy financing and relaxed regulation on the financial sectors that fed into the bubble, allowing it to grow to proportions and such level, from where it was not possible for the federal system to save the economy ...

Background

During the World War I, United States and European countries economies had forged an intimate and unique relationship and owing to this, the Great Depression spread to these countries. After the World War I, United States emerged as a major financier and creditor of postwar Europe. The national economies of European countries were greatly weakened by World War I and the war debts (McNeese, 2010). In particular Germany and other countries that were defeated were expected to finance war reparations. The United States Economy slowly slumped after the World War I and the American investment credits flow to the European ...

An online payment card is a card which can be used to make and receive payments via the internet. These payments are based on physical cards like atm, debit card and credit card. Some systems also offer fictional cards like a charge card and a stored value card. For the purpose of this paper, we will be discussing online payment via credit card.(Turban et al., 2008).

Advantages of online payment via credit card

Convenience – Online payment is convenient and fast. There is no need to visit the bank. You can simply transfer the money from the comfort of your home or office. In this respect, it also saves a ...

A flying aircraft requires some control. The control can be delivered by a human or a computer. In this case, a computer is much safer, faster and reliable in controlling a flying an aircraft than a human being. A Stability Augmentation System manages the control surfaces of an aircraft and alters their movement as necessary to make the aircraft more stable at all times. SAS is used to eliminate unfavorable effects such as short period oscillations, Phugoid oscillations, Dutch rolls and spiral modes. Stability Augmentation system together with a rate control system constitutes a flight management system. Rate control system manage the pilots demand for movement ...

Introduction

Before the declaration of Christianity as the official religion in England in 312 A.D., there were prior contacts between Christianity and Insular Celtic paganism. The Georgian Mission of Christianity in 596 A.D., which declared the conversion of all pagans to Christianity as well as the Christianity take-over of Ireland by 600 A.D., accelerated the rise of Christianity and the fall of paganism (Lunn-Rockliffe, p. 12). By 1100 A.D., Christianity had gained sufficient control over the Celtic region, thereby replacing the former religion, paganism (p. 17). However, since most of the people that drafted literature about the interaction between Paganism ...

Introduction

There are two kinds of tools available to the economic policy-makers through which they tend to influence the economy of the country; these two tools are fiscal and monetary. The former policy related to the spending of the government and the collection of revenue like altering the disposable income of the people by lowering taxes or increasing the spending so that demand is stimulated. The latter which is the monetary policy is associated with the supply of money and is influenced by such factors like the rate of interest and the reserve requirements for the banks. Usually these policies ...

The continuation of QE3 without tapering can have advanced effects on the economy. This is because it has shown very little improvement. This is evidenced through the report from the U.S. fixed income at Los Angeles which manages more than $128 billion. According to this body, QE3 was meant to target unemployment and the labor market. Nevertheless, the program was also designed to increase in the interest rates and slow or bring to and end the economic recovery. For instance, the program has helped to the fall of inflation rates in the U.S.
According to (Zumbrun and Catarina1) ...

Introduction

Grameen-Dannon Company is a company that is formed by different ventures jointly. The purpose is to produce yoghurt. Our aim is to attend millions of the emaciated poor children in Bangladesh. In that connection we are concerned with putting the required macronutrients in the yogurt and then make the sales at the cheapest prices as we can. This effort is an admirable one. However, the efforts to sells at a small price could be admirable. However, it does not give any long-run effect on the poor and malnutrition child. Comparatively, the use of charitable means to upraise the life of a poor ...

The role of microcredit in alleviating poverty has not been understood and realized by various economic planners of various nations, starting with the understanding on the reasons for microcredit and its scope. Microcredit refers to small borrowing by unsalaried people and in microcredit loaning collateral requirement is usually little or at times it is not even required. The impact of microcredit has attracted attention of economists, scholars and national planners more than any other form of microfinance. This is so because micro credit provides a wide list of benefits to poor people. Generally, microcredit provides financial support, business advice in ...

The city of Richmond, California, has proposed a policy that would entail the use of eminent domain in acquiring the mortgages paid by its residents. Mayor Gayle McLaughlin based her policy on the premise that many residents of Richmond have been suffering from massive homeowner debt brought forth by the decreasing value of houses. Many residents in Richmond have yet to settle their mortgages, many of which are much more expensive than the actual value of their homes and thus called “underwater mortgages”. Mayor McLaughlin explained that the use of eminent domain by her office would greatly benefit Richmond, which ...

M-PESA

In 2006, a small scale experimental program in Kenya called M-PESA transformed payment strategies for emerging markets. This test program was started by Vodafone through funding from the department for international development. M-PESA started in Kenya on March 2007, in conjunction with Safaricom, a leading mobile telecommunication company in Kenya. It is a mobile phone application payment service where “M” stands for mobile and “Pesa” is a Swahili word denoting money. Currently, over nine million clients use M-PESA monthly to transact tens of millions. In developing economies, people work far from where they live and send domestic payments to their extended families in ...

U.S. Banking System 1791-1836
The First Bank of the United States was created in February 1791. The U.S. Congress chartered this bank for a period of twenty years to serve as a fiscal agent for the U.S. Treasury. The semi-private, semi-public national bank was a significant factor in the building of the U.S. economy in this period. This bank performed the first central bank functions for the U.S. government and ran from 1791 to 1811, when the U.S. Congress failed to renew its charter. This bank was important because the U.S. government had accumulated a debt to finance the Revolutionary War, and ...

Saint Leo University

Dr. Ed
Nature of the managerial position
The management job in offer is a Bank Management Trainee position. Management trainee positions are some of the best entry level job positions because they expose an employee to operations in nearly if not all the departments of a company. In banking, a management trainee undergoes training in departments such as client services, operations, sales, finance, Information Technology (IT) and data solutions (Brannick, Levine & Morgeson, 2007). They are also trained on the line and staff functions, company structure, policies and practices. Overall, by the time bank management trainees completes their contract they are ...

PHISHING SCAM

Phishing is an e-mail fraud method in which the perpetrator sends out a legitimate looking e-mail using a trustworthy entity. This is in an attempt to gather personal information like passwords and financial information like credit card details from recipients.
A mock phishing method might be to use a company that is known and used frequently is where the vital information is sent as an e-mail to a known and targeted person, containing the URL link related to a famous company. One might create a false webpage related to a known company. They might even give the name of one of the administrators known by ...

Identity theft is a crime that is characterized by wrongly acquisition and use of another person’s data in deceptive and fraudulent manner typically for economic or other purposes. In the United States, the Department of Defense prosecutes cases of identity theft and fraud. The congress passed Identity Theft and Assumption Deterrence Act which prohibits the use or transfer and without legal authority a means of identification of another person. The transfer of another person’s data should be unknowingly and with the intention to commit, abet or aid unlawful actions that constitutes the violation of the law or constitutes felony. ...

Business

Abstract
This research paper will focus on government contracting and it strives to maximize opportunities in its acquisition to small business. The law that will be applied for the study is the Federal Acquisition Regulations or FAR part 19, on small business programs as well as the respective roles of executive agencies and the Small Business Administration (SBA) in implementing the programs. At the same time, there will be an extensive discussion on the coordination that will support the growth of small business, and how the efforts of Small Business Administrations or the SBA help boost the economy ...

Disaster and emergency management have increasingly become challenging in different countries due to increasing complexity, frequency and magnitude of disasters. There are four stages involved in the management of a disaster. These include the mitigations stage prior to the occurrence of the disaster, where various mitigating activities and actions are put in place. Disaster preparedness is the second phase of disaster management, which involves education, outreach programs and trainings to the local communities in planning for disaster. The response phase is the phase after the occurrence of the disaster and involves a response from various involved stakeholders. The final phase is ...

Overview of the Company

In 1844, Henry Lehman, a German immigrant resettled in the United States of America. The 23-year old immigrant decided to make Montgomery, Alabama his home where he ended up opening a general store that was then referred to as “H. Lehman.” Three years later, in 1847, Henry was joined by his younger brother, Emanuel Lehman, and henceforth the store changed its name to “H. Lehman and Bro.” The youngest of the Lehman Brothers, Mayer Lehman, joined his two elder siblings in 1850 and together the three Brothers founded what was until 2008 referred to as the Lehman Brothers (LEH). From its ...

Use Cases

Systems Analysis and Development: ATM Service Software Development
Overview
An Automated Teller Machine or ATM is a faster way that has been developed in making a faster bank transaction. ATM has been part of new generation’s banking system and a new way of having instant cash-on-hand using our own ATM card. This study will discuss about the development of Automated Teller Machine as well as the simple process on how a person can easily have his or her bank transaction in just a matter of minutes. The process includes ATM account withdrawals, account deposits and account transfers. Using an ATM, customers ...

SUMMARY OF CHAPTER 8

SUMMARY OF CHAPTER 8

Finite clause is the clause whose main verb is finite verb, while non finite clause is a clause whose main verb is a non-finite. Examples of non-finite clause are as given below in italics;
- Present participle: Jane kept peter walking.
- Past participle: Jane had her pet walked every Wednesday.
- Infinitive: Jane would like for peter to walk.

Types of non finite clause

English has many types of non finite clause, and the classification of non finite clause depends on the various type of clause they modify. The common types of non finite clause are infinitive non- ...

Executive Summary

This paper is aimed at discussing the Housing Crisis in the USA during year 2007 and it’s after effects. This paper starts with a brief introduction of the topic and then proceeds to the causes which lead to the housing crisis in USA during year 2007. After discussing the causes of the crisis, the early stages of the crises are briefly described which is followed by the actual development of the crisis. The effects of the crisis on US economy are mentioned afterwards which is followed by a brief conclusion of the paper. This paper has been prepared using several ...

INTRODUCTION

The Federal Reserve System also known as the Federal Reserve was formed on December 23rd 1913 after the approval of Federal Reserve act (Beckhart, 2). The enactment of the act was accelerated by a series of financial panics, mainly by a severe panic in 1907(Bechart,2).It’s main objective was; to provide economic stability by formulating and implementing monetary policies that will ensure price stability, to facilitate discounting of commercial papers and lastly to regulate the activities of commercial banks (Prochnow,3).
However the goal of the Federal Reserve has changed overtime and broadened to accommodate other economic ...

Introduction

When the United States emerged from the Civil War, the divisions within its economy showed the reason why the South lost the conflict. Because of the industrialization that had taken place in the North in the first half of the nineteenth century, that side was able to develop materiel more quickly – and to get it to the men on the battlefields where they needed it with more rapidity. The South, on the other hand, was still mostly an agrarian society. While this agrarian dream would fire the imaginations of poets from Dixie well into the twentieth century, it also ...

FIRMS AND THE FINANCIAL MARKET

Financial markets play an important function of channeling funds from agents who have saved money and are willing to lend it out to agents who need funds and are also willing to borrow. Financial market is defined by Brigham E.F & Ehrhadt, M.C. (2011) as what brings together people and organizations needing money with those having surplus funds. There are many financial markets in a developed economy or a geographic location. In contrast to physical (real or tangible) asset markets where products like machine parts, automobiles, real estate, computers and machinery are sold, the financial asset market on the other hand is ...

Third Round of Quantitative Easing (QE3)

QE3 or the third round of quantitative easing is a central bank (i.e., Federal Reserve) open-ended bond-buying policy directed towards lowering the interest rates and mortgage rates to stimulate demand in the economy. The QE3 in the US that started on September of this year involves buying of mortgage-backed securities (MBS) worth $40 billion every month. This is done by injecting a pre-determined quantity of newly created money in the economy through the purchase of debts (bonds) from banks.
The graph shows what’s happening in the bonds market with the QE3 policy of the Central Bank. As the government ...

Law

A credit card agreement is a legal contract between a bank or financial institution that issues the credit card and the consumer who uses the credit card. On the one hand the banks want “freedom of contract,” while on the other hand the consumer wants transparency from the banks and the right to negotiate terms. (Talking, 2009, thecitizens.blogspot.gr) From the banks point of view consumers have the option to accept or to not accept the terms of the agreement. This is true because consumers can theoretically choose to never use credit cards. But from the consumers’ point of view there is ...

Introduction

Capital One Financial Corporation is a financial company which specializes in the offering of banking services, specifically credit cards, home loans, banking and savings products and auto loans. It is a member of the Fortune 500. The company was founded in 1988 and has since grown in stature by conducting several acquisitions over time. Some of its notable acquisitions are the acquisition of Chevy Chase Bank in 2008 and Hibernia National Bank in 2005. The company has two main divisions; auto finance and international operations. The company trades in the NYSE as COF (Capital One Financial Corporation website).
This paper ...

Economics of Global Money Markets

When money became a commodity, money market became part of the financial markets for the reasons that assets that are involved in short-term buying, borrowing, selling and lending with the original maturities of about one year or less. The trade in money markets is carried out over the counter and as such it is wholesale. There are various instruments that exist and they include deposits, treasury bills, bankers’ acceptances, certificates of deposit, bills of exchange, commercial paper, federal funds, repurchase agreements and asset backed securities. This provides a funding that is liquid for the global financial system. Capital markets and money ...

According to Robert K. Merton of the Harvard University, there are “certain phases of social structures [that] generate circumstances in which infringement o social codes constitute a normal response.”(Meryton 1) Two parts of social structures have been identified: (a) the culturally defined goals, purposes, and interests (i.e. the “ends”), and (b) the acceptable modes or regulations of achieving these goals (i.e. the “means). Differences on the perception of importance of each part constitute ranges of behaviours that greatly identify one social group from the other, which can sometimes result to deviant behaviours from members of the group.
Social groups offer ...

EXECUTIVE SUMMARY

Although every year at stock taking time, we find that we have gone a considerable distance in so much as knowledge is concerned, we also invariably lose out as regards Ethics and Morality. We need to reverse this trend, which, if extrapolated beyond reason, will lead to someone like “Darth Vader” having all intergalactic missile systems fitted with thermo-nuclear warheads, under his control.
Although our first reaction will be to contemplate such a scene with amusement, the metaphor is appropriate in the author’s opinion. If we do not guard our values and the values of those we love, but ...

Abstract

Since 2007, the European markets continued to experience a decline as several European nations had felt the consequences of applying the unstable Euro into their countries that had influenced the nation’s economic instability as seen in the case of Greece, Ireland, Italy, Spain, and Portugal. In recent news, the European debt crisis continues to prevail as the Eurozone reaches its all-time low for the past5 years as both strong and weak European markets now enter a state of recession that affects the entire world market. With the current European Debt Crisis continuing to influence the European markets, the United States may ...

Global Debt

Definition of the problem
Debt crisis, which was as a result of the credit collapse in 2008, is being experienced by each and every country across the globe. The global credit crisis has caused adverse effects to the global community. For instance, slashing of public services, and selling of public assets has been experienced in an effort towards trying to balance budgets. Regardless of these efforts, the budgets cannot be balanced due to shrinking of money supply. The onset of debt crisis was initiated by financial institutions and not governmental spending as many people tend to believe. Indeed, the ...

Arguably, 2000-2009 was the most difficult moment in the world economy. The financial crisis that took place in United States and the world became the worst financial munch to ever occur in the world. The financial crisis took place in the late 2008 at a remarkably speed, whereby most economic factors were fully disturbed. Mortgage-related securities, which had fully spread in United States as well as global financial systems collapsed. As a matter of fact, this crisis undermined several largest and renowned financial institutions in United states and the world. Additionally, the crisis damaged stronger economies and financial systems in the ...

Political environment that led to Economic concerns, at first, during October 2008 was aimed at bailing out securities, which was under the tremendous repercussions of defaulting and was mortgaged backed.

Five descriptive features of bailout and stimulus bills during October 2008 to February 2009 in the USA.

The necessity of the bills for bailing out and stimulus

A record $140 billion was being withdrawn from the money market accounts. Usually money market is considered as the safest place for investments. At that time investors were shifting their funds towards US Treasuries, as a back drop, the yields were coming down to zero. On the other side, the panic was triggered ...

Historical Development of Global Regulations - Basel I & Basel II

In 1988, central bankers from different countries gathered in Basel, Switzerland to deliberate on banking regulations that would chat the way forward for providing minimum capital requirements for banks. Despite being enforced by law in 1992, the 1988 Basel Accord is currently regarded as outmoded. There have been numerous developments with regards to risk management, financial innovation, and financial conglomerate thus making the provisions of Basel 1 outmoded. In 2004, Basel II was published to supersede Basel I. The main aim was to create global standards for central banks. The banking regulators were required to control the capital that ...

Barclays Bank

Barclays Bank is a multinational company that offers both financial and banking services to its clients. The company has its headquarters in U.K, London. It operates in over fifty countries across the globe. It has territories across America, Asia, Europe, and Africa. The company serves over forty eight million customers, and it has assets worth $ 2.33 trillion (Businesswire, 2005). In the year 2010, Barclays Bank was ranked the fourth largest Bank worldwide. The bank is clustered into two; the first business is corporate and Investment and wealth and Investment while the second business is Retail and Business Banking. In the ...

The capital structure of any company is a very important factor that the managers of any organization are expected to manage. Capital structure generally determines the value of the firm in combination with other factors (Moyer, 47). Capital involves a cost to a company and therefore proper management of capital is necessary to ensure that the cost of capital of an organization is not too high. Texas industries Inc is a company found in the United States. This research paper will evaluate the capital structure of the company and recommend how it can change the capital structure if need be to ensure that ...

Introduction

The bank of Queensland was instituted in 1874 as the first permanent building society in Queensland, Australia. Initially, it was being operated as Brisbane Permanent Benefit Building and Investment Society. This society was later incorporated in 1887 and then got amalgamated with the City and Suburban Building Society in 1921. Later on in 1931, it was again amalgamated with Queensland Deposit Bank. It received a license to operate as a trading bank in 1942. The bank computerized its operations in 1970 and then underwent a series of transformations that included changing its name to bank of Queensland. The bank was first listed ...

Abstract

In the past, the international financial markets have had diverse ways and means of achieving their financial satisfaction and objectives based on different operation platforms. For this reason, there arose challenges with integration of different financial systems without a common platform. This led to most countries modifying their models of international finance for them to remain competitive in the market as well as possibilities of investing in new markets and having investors from anywhere in the world invest in their financial system. For example, Japan’s - GAAP financial system has in the recent past been harmonized with that of ...

Banking industry in Malaysia

The Malaysian banking industry can be traced back to the early 1900s during a period of rapid economic development mainly due to the increasing profits accrued from the rubber plantations and the tin industry. This resulted to the opening of branches of foreign banks in the country and the establishment of the first domestic bank in the country, Kwong Yik Banking Corporation during 1913, which is presently the Malaysian Banking Berhad (Alexander, 2007). This set the pace for the growth of the industry and its subsequent expansion to include the setting up of Bank Negara Malaysia, which is the country’ ...

Introduction

Managerial accounting commonly referred to as management accounting deals with analyzing and making use all the essential accounting information by the management in making informed business decisions. The accounting data used provides the premise on which the decisions of the management will be based. A more thorough definition has been provided by the Chartered Institute of Management Accountants (CIMA). In its definition, CIMA states that management accounting is the discipline that employs identification, determination, analysis, preparation and use of accounting data in planning and executing strategies that will ensure proper use of company resources to attain the goals of ...

The gold standard is a monetary system which suggests pegging of economic unit of account with fixed mass of gold. For understanding the meaning of the gold standard a little digression in history is needed.

The United States switched to the gold standard in 1834 because of silver currency and bank notes crisis. The price for gold in the United States was set at $20.67 per ounce that year. The majority of the countries adhered to gold in the period called Classical Gold Standard from 1880 to 1914. This was the period of unprecedented economic growth and free trade in the ...

According to the first scenario, Sowell talks of the housing boom, which affected most parts of the United States. Peculiar situation arise which changed housing economics in the United States for the first time- ever increasing supply of housing units. The reasons, notes the author was the fact that the mortgages were unregulated, making it easy for most people to enter in to the housing business.
The drop in interest rates of mortgages in this scenarios, also lead to the housing boom. Individuals who never had sufficient collateral were also allowed to get subprime loans. The issue was ...

This paper highlights the purposes of carrying out credit reporting by business owners. Basically, the main objective of the paper is to give an insight into the influence of credit reporting and the effect it has when applying for a mortgage. The paper explores the underlying benefits of credit reporting and how it determines the admissibility of mortgage acquisition. For ease of understanding, presentation begins with illustrating the meaning of credit reporting.
Credit reporting is understood simply as a detailed report of an organization’s credit history. It is a summary of an organization’s financial history usually prepared by established ...

The current economic crisis has been unanimously and officially declared the worst since the great depression period of the 1930s by Wall Street, media, economists, other scholars and the government. This financial crisis has busted several highly reputed financial institutions of America, like Lehman brothers, Washington mutual fund, AIG and Merrill lynch. Some of the financial institutions have declared their bankruptcy while others are comforted by the federal government and received heavy bail out packages. The story of other sectors like manufacturing, retail, consumer goods and automobile is not much different and they are also facing the heat. If ...

Brazil’s Economy: Is the economic rise good or bad for the country?

Brazil is a classic example of the division between rich and poor. Brazil has three states on the Atlantic coast that make a lot of money from producing oil. Those states are Rio de Janeiro, Espirito Santo and Sao Paulo. Brazil has 27 states in all and now only 9 of those are getting royalties from oil. The divide is deep. For example, in 2010 Rio de Janeiro received 2/3 of the total oil royalties. That amounted to about $1.9 billion (Fick and Jeffris, 2011).
Inland states with much smaller revenues are lobbying for a share of Brazil’s wealth. With a ...

United States-The United States of America is the source of the Global economic crisis. The country is still struggling to recover from the continuing recession.

“The cause of the problem is located in the fundamental defect of the free market system,” said Professor Prabaht Patnaik, a 55-year-old Professor at the CESP (Center for Economic Studies and Planning in India).

The free market is dominated by parties interested in the short-term returns at the expense of future returns from marketable securities. As his concern, the state is not acting to ensure high economic growth and development.

Public revenue is not adequate ...