Pros and Cons of Globalization Essay

Previous CEO of Vodafone Group, Mr. Arun Sarin, at the 2009 Global Business Forum discussed that there is a significant change happening on the planet today. The world is getting increasingly interconnected due not exclusively to physical framework yet in addition the scholarly and programming foundation that is being manufactured; in addition, the route in that exchange is being done today. For him, the United States is as yet the most remarkable nation on the planet; be that as it may, if the nation needs to have worldwide greatness later on, development is a most. Since its most punctual appearance, around three decades prior, the term globalization has been utilized to depict a procedure, a condition, a framework, a power, and an age. The term implies a social condition described by the presence of worldwide financial, political, social, and natural interconnections and streams that make a considerable lot of the right now existing outskirts and limits unessential. Globalization proposes dynamism best clarified by change and the change of current conditions. As such, globalization is a continuous procedure instead of a static condition. As indicated by Manfred Steger, writer of the book: Globalization: A Very Short Introduction, globalization alludes to a multidimensional arrangement of social procedures that make, duplicate, stretch, and heighten overall social interdependencies and trades while simultaneously cultivating in individuals a developing consciousness of extending associations between the nearby and the removed. In the other hand, globalization is an intricate and opposing wonder that incorporates progress and corruption, opportunity and impulse, opportunity and limitations. These incalculable logical inconsistencies are purposes of political contestation. Favorable circumstances of Globalization * Countries around the globe have settled on the decision of building up exchange associations with one another request to improve their economy. Past unfriendly encounters were deserted, and globalization has declared a period of worldwide harmony and security. Likewise, there has been spread of popularity based thoughts among nations. * Countries have set out to test organized commerce with certain areas. Wiping out assessments, obligations, and fare/import amounts has permitted shoppers to purchase products and enterprises at a lower cost. * Globalization is empowering the utilization of worldwide network, for example, the web. Trading considerations and thoughts is interlinking individuals around the globe. * Several organizations are putting resources into different markets giving better work chances to gifted and untalented work all around the globe. Globalization is helping in expanding the way of life of the creating scene; and simultaneously is assisting with lessening neediness. * Competition among various nations is prompting universal development and quality merchandise. Shoppers are profited in the process since they get quality items at a less expensive rate and from a huge assortment accessible in the market. * Mutual exchange has brought a comprehension of the significance of ensuring the earth and normal assets. Worldwide ecological issues are being talked about. Weaknesses of Globalization * Many individuals from create countries are losing positions since partnerships are re-appropriating work to creating nations because of investment funds in cost of work. There is a ton of weight in the create world; individuals are consistently under the danger of their activity being redistributed. Re-appropriating has brought about joblessness. * such a monetary interruption in one country will have a domino-impact on different countries that are firmly identified with that nation as far as exchange and trade. * Influence of neighborhood societies and conventions will gradually begin to wear out. Western thoughts will force over different societies. * Globalization may prompt progressively natural issues. An organization might need to construct processing plants in different nations in light of the fact that ecological laws are not as severe as they are at home. * Income appropriation inside nations is getting less equivalent. The rich is getting more extravagant and the poor is getting less fortunate. * Transnational reconciliation and expanded versatility has at the same time reinforced and reduced the security of individual rights and the respect of people. Globalized markets have encouraged additionally observing of social conditions however have likewise opened up more open doors for monetary abuse. Case of the upsides and downsides of globalization The Philippines is one of the nations in Asia that has been influenced by the logical inconsistencies of globalization. The nation is participating in the process since it turned out to be a piece of the World Trade Organization in 1995. Globalization has permitted significant changes in the country like more work, increasingly Filipino remote organizations, elevated levels of training, and high per capita pay. Philippines have four locales that globalization has focused on and these four are: advancement, versatility of capital, innovation, and the board of association through private and open divisions. By the by, the Philippine state has flopped in sorting out a financial situation that would have arranged the nation for worldwide rivalry. Numerous Filipinos accept that globalization has failed to help their nation. Also, this is because of the destitution that has been turning out to be more terrible every year. The Philippines is as yet degenerate and still faces monetary and political issues, accordingly, the country and its kin doesn't confide during the time spent globalization. About 60% of the populace lives in destitution and neediness levels are as yet expanding. The institutional system of a nation, its political culture and the nature of its authority assume a significant job in encouraging monetary turn of events and in advancing social government assistance. For a few, globalization can make the Philippines a superior country if the Philippine heads get include in taking into consideration progressively worldwide exchanging and increasingly remote financial specialists to the assistance support the economy. What's more, by achieving those objectives, the Philippines ought to have the option to lessen neediness levels. The Future of Globalization Globalization is changing the structure of overall association and individuals are changing alongside it. The positives parts of globalization are getting more critical than the negatives ones. In the long haul, the world will be changed into an increasingly prosperous, law based, and serene condition. This may implies that social clash and worldwide disarray will happen in the present moment yet huge monetary development and fair administration will win in the long haul. Globalization is clearing the path with the expectation of complimentary exchange and worldwide business. It is additionally improving correspondence around the globe. The greatest favorable position is that globalization can possibly improve the world a spot to live in. Globalization can't be halted; be that as it may, pioneers ought to consistently be on the highest point of its spread and results. Work Cited Steger, M. B. (2004). Globalization, a short presentation. New York: Oxford University Press, USA. Recovered from http://library.books24x7.com.dml.regis.edu/SearchResults.aspx?qdom=author&scol={all}&qstr=Manfred B. Steger Hill, C. (2010). Universal business. (8 ed., Vol. 5). New York City NY: McGraw-Hill Irwin. Rupert, M., and Solomon, S. (2006). Globalization and universal political economy. Rowman and Littlefield Publishers INC.

Leadership and morality in The Crucible Essay

â€Å"He has a thought of himself which is that of a pioneer of a sort, an ethical model, maybe, for others†¦ † Examine the significance of administration and profound quality in The Crucible. The thoughts of authority and profound quality are critical in Arthur Miller’s play, The Crucible. The statement by Arthur Miller, â€Å"He has a thought of himself which is that of a pioneer of a sort, an ethical model, maybe, for others†¦ † could apply to some of the male characters in the play, and is likewise material to some of the female characters in the female. Administration is characterized in the word reference as â€Å"guidance and direction† and ethical quality as â€Å"motivation bases on thoughts of right and wrong†. They are both significant in The Crucible, and are generally underscored with negative activities and thoughts. A few characters in the play show authority over others, and many experience unethical activities and exercises. Mill operator says of Parris, â€Å"He has a thought of himself which is that of a pioneer of a sort, an ethical model, maybe, for others†¦ â€Å". He has authority over the firmly strict town of Salem, yet he utilizes his capacity for individual increase, which isn't just against his religion however is amazingly improper. He utilizes his capacity to denounce blameless men who may undermine his situation later on and who he has an aversion for. For a Reverend he has an extreme absence of profound quality, with his perpetual eagerness and journey for individual addition. John Proctor is generally fascinating for the ethical decision that he needs to make, regardless of whether to lie and spare himself or to come clean and spare his heart. In spite of the fact that he has been indecent and trespassed by taking part in an extramarital entanglements, he settles on the correct decision by coming clean. He realizes that he is a heathen and isn't deserving of following in Giles and Rebecca Nurse’s strides of being a saint, yet he attempts to do what he accepts to be correct and what will be best for his family. The crowd feels thoughtful for Proctor as he is hanged, as he has settled on the right good decision and passed on coming clean. He asks â€Å"How may I live with my name? † not long before destroying his admission, expressing that it is increasingly imperative to come clean and keep his great name than to lie and live with a darkened name. Just as Proctor and Parris, a large number of different characters in the play have moral decisions to make and opportunities to show profound quality, yet many lie for individual addition or to spare themselves. Without question the least good individual in the play is Abigail Williams. She lies at each conceivable possibility so as to spare herself and seek retribution on those that she hates. She censures blameless individuals which at last outcomes in their demise, yet has no soul or affections for those that she has harmed. In spite of the fact that she realizes that there has be no genuine black magic, yet proceeds with the thought so as to spare herself and assault others. She makes various claims against other ladies, â€Å"I saw Alice Barrows with the devil† being one case of her denouncing and honest individual. Elizabeth, Hale, Danforth, Giles Corey and Rebecca Nurse all likewise get the opportunity to show their profound quality, yet just Giles and Rebecca are the main two in the entire play who come out of it as genuinely great individuals with astounding ethical quality. The two of them don't give in by confessing to something that they have done, and both bite the dust as saints. Corey keeps on coming clean until the second he bites the dust, as he is squashed to death by his indecent torturers. He says â€Å"more weight† when given the alternative to admit of to proceed with the torment, this being his last gallant act. Rebecca likewise bites the dust a saints passing, as she additionally keeps on coming clean realizing that she is going to kick the bucket. These are the main two that show genuine profound quality and goodness. In spite of the fact that we feel compassion toward Hale when he at long last understands the error he has made, his absence of good mental fortitude implies that we can not appreciate or regard him. He is the one that begins the witch chases, however in the long run understands that his unique presumptions were off base and attempts to spare the blameless townspeople. He attempts to convince them to admit to a wrongdoing that they had not done, which in its self is unethical, so their lives might be saved. Some concur and are saved, yet those with virtues keep on coming clean amazing there convictions. Elizabeth likewise has an ethical decision, by deceiving spare her significant other or coming clean and leaving him in a difficult situation. She lies trying to spare him, however this reverse discharges as she finds that he has just admitted to the wrongdoing, which at last censures him. Authority is another key part of The Crucible, and Abigail Williams is presumably the most noteworthy pioneer in the play. Subsequent to finding that she presently has control over others, she abuses it for individual addition and to pick up vengeance on anybody that she accepts has acted against her. She convinces the young ladies to admit to the wrongdoing so they won't be rebuffed, and to guarantee that others have been associated with the fallen angel. She additionally compromises others into following her. John Proctor is a characteristic conceived pioneer, and sorts out restriction towards the congregation. He attempts to convince others to make the best choice and face abhorrence and keep on coming clean, regardless of what the outcomes are. He understands what he needs to do, to spare his own and others moral souls, and plays a main job in attempting to help other people. At the point when Hale shows up he has a beneficiary of power and feeling of administration. His books are â€Å"weighted with authority† and individuals tuned in to what he needed to state due to his power. He at that point addresses his own convictions when he finds that everything isn't as he originally accepted. He loses his confidence in his religion and the law, as he sees guiltless individuals being executed for wrongdoings that they have not submitted. Before the end his authorities characteristics are non-existent, and he isn't a large portion of the man he used to be. Parris is like Hale, since he is likewise a Reverend, but since he has authority which causes individuals to accept that what he is stating is reality and is correct. Parris utilize his initiative over others for individual increase, and just thinks about his own government assistance. This may have had something to do with his experience, as he used to be a tradesman in Barbados, which may clarify his proceeded with journey for individual addition. Danforth is another that has authority and along these lines initiative over others. He has the ability to condemn individuals to death, thus individuals will tune in to what he needs to state and regard his thoughts. Different young ladies in the play are largely effectively driven, as they follow Abigail’s lead in sparing themselves and assaulting other blameless individuals. This is particularly valid for Mary Warren, as she on a par with sentences him to death when he guarantees that â€Å"there is a dark man behind your privilege shoulder†. All in all, administration and profound quality are critical in The Crucible. They are the premise of the untruths that bring about the passing of 19 guiltless individuals. Numerous individuals have moral decisions to make, regardless of whether to spare themselves by lying or coming clean and confronting the chance of death. Numerous pioneers likewise show up from the unfortunate occasions, with activities just as negatives. These energizing angles lead to an at last grasping play.

What Happened in Enron Essay Example

What Happened in Enron Paper What occurred In Enron and Arthur Andersen? US seventh biggest organization Enron, with the trademark Ask Why was appreciated for Its development, however everything wound up In liquidation and criminal issues. The organization sought financial protection in December 2001. This was one of the universes greatest corporate outrages In history. Aquas seventh biggest firm had In more than sixteen years expanded its advantages from 10 billion to 70 billion US. Dollars, and was by the securities exchange investigators from Wall Street hailed as the new economy model. Five years straight, perusers of Fortune magazine named Enron as The most creative organization in America. The companys chief and organizer (in 1985) was Kenneth Lay, who was the future business Idol. In his days off, he played golf with previous President Clinton while he made Enron the biggest supporter of George W. Bushs vocation as Texas senator, and not least as U. S. President. As a previous worker of the now outdated U. S. Deader vitality commission, Acting Deputy Minister of Energy thought about the Interior and financial analyst for the Pentagon during the Vietnam War had Lay conditions for building up Its business considering a cross section idea: forceful deregulation, the expulsion of all administrative and lawful obstructions for allotment and syndication benefits. Enron was managing petroleum gas. As oil costs fell during the ass, and petroleum gas (which had thrived in the wake of the oil emergency) was again undermined by falling oil costs, Lay discovered that deregu lation was the appropriate response. We will compose a custom exposition test on What Happened in Enron explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on What Happened in Enron explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on What Happened in Enron explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Huge clients would never again be limited by concurrences with neighborhood, frequently open vitality offices, however could purchase legitimately from makers, which thusly ought to approach the funnel and channel frameworks. Open imposing business models were broken. Lay went legitimately to the Federal Energy Regulatory Commission (FARCE) and got the guidelines canceled. The outcome was progressively unstable vitality costs. Presently, Lay got his most creative thought: to make petroleum gas and vitality wares in accordance with all different large scale manufacturing. Flammable gas was currently constrained by power gracefully and the power advertise was deregulated to an enormous discount showcase. Lay went straightforwardly to the U. S. Congress, and Congress changed the principles. In 1994 Enron started exchanging with power close to the gaseous petrol, where It turned into the biggest provider in the U. S. Furthermore, in England. In 1997 it was additionally Americas biggest power exchanging, as did the back of open power organizations, as the government SPA. The U. S. Vitality deregulation model turned into a worldwide model. In a great many nations it was being Introduced. In 2001 , ten organization just Ana 24 cays to go Dandruff Ana ended up consisting AT tourist. Financial specialists lost everything. 20,000 workers lost their Jobs, medical coverage and retirement reserve funds, while chiefs, for example, Ken Lay and Jeffrey Killing exited with almost one billion U. S. Dollars. The senior individuals in the organization had earned almost 1 billion U. S. Dollars from the offer of organization shares in the course of the most recent two years. The organizer and pioneer of the firm, Kenneth Lay, earned 123 million U. S. Lars in 2000 and 25 million out of 2001 and afterward sold his Enron shares before the breakdown and had an incredible benefit out of it. Simultaneously he asked workers to purchase shares, which would before long end up being useless, while he revealed to them second from last quarter appears to be super, and anticipated that its worth would increment by 800% or more in Over the followin g decade. Representatives would not contact the offers they had in the organization, and numerous whose retirement investment funds were ever $ 1 million worth in August 2001, were left with an actual existence reserve funds of just $ 4000 at Christmas 2,001 the. Numerous organizations are striving to build up a corporate culture and worker steadfastness. This was clearly not the situation with Enron. A large number of laborers wound up with a vacant financial balance and a questionable future, this was the main compensation for accepting that they were a piece of a group. It is these encounters that will plainly show that the average workers and the decision class don't have normal interests, regardless of what the business people say something else! Shockingly, the loss of Jobs in Enron won't be he toward the end in the flow monetary emergency. Numerous other conventional organizations, for example, Ford and Boeing have just reported significant cutbacks. Such is reality under a framework that puts benefits before individuals. Enrons greatest misstep was their pride. Furthermore presumption, prejudice and ravenousness. Individuals were blinded by voracity. They couldn't see the risks, said the previous staff legal counselor, Amanda Martin. Presumption, narrow mindedness and avarice doesn't really prompt misrepresentation and misappropriation. Be that as it may, it did with Enrons the board, and this absence of profound quality and basic conventionality sifted down through the association. The narrative of Enron began in 1985 in the U. S. IL capital, Houston, as chief Kenneth Lay leaves the neighborhood Houston Natural Gas converged with a Nebraska-based organization International North in the new organization Enron to incorporate to work with 60,000 kilometers of gaseous petrol pipelines in the U. S.. In record time, Enron is with abundance of purchasing U. S. Biggest provider of flammable gas and power and from its impassions central command in a high rise in Houston a model the world over for how we should privative vitality. Quarter after quarter, Enron accompanies noteworthy strings, and the effectively overlaid investors can possibly grin when the IT bubble burst in 2000. They are in tomorrows most secure cash machine But there are as of now beginning to get splits in the glass structures flickering exterior. T Tanat Enron should sell data transmission in accordance with different food supplies. Enron went into a coordinated effort with video rental organization Blockbuster to gracefully video on request. The stock trade cheered, and Enrons value rose 34 percent in two days. The issue was that the innovation was rarely evolved, and the understanding tumbled to the floor following a couple of months. Be that as it may, with the imprint to-showcase guideline, one could record 53 million U. S. Dollars on an agreement that had not brought a crown. The equivalent was valid for a large number of Enrons different exercises the world over. Most gave either no benefits or even misfortunes, however the assumed profit were at that point booked. Furthermore, Enrons value rose and rose. Notably, not to be sufficient, in 1999, Kenneth Lay gives COOP Fast approval, at its own cost, with a stripe of Americas most regarded money related houses to make a couple of assets. The assignment is to work with Enron, so the turnover and the checking income can be kept up, and Fast additionally makes yet progressively evil establishments and organizations, where he stopped Enrons most exceedingly terrible arrangements. There is celebrating at the executives of Enron, as force hungry California that year opened an energetic appointment of its vitality showcase. It offers new open doors for innovative outlets, on the grounds that Enron people groups better than the authorities can move at the mind boggling set of rules. Enron additionally starts gigantic web based exchanging theory future vitality costs to be sold free data transfer capacity on the web and here is even a business opportunity for hypothesis in the climate. One of only a handful scarcely any regions where Enron truly brought in any cash was in California. In 1997, Enron obtained Portland General, and accessed Californians deregulated power advertise. The formula for tremendous benefit was basic. The cost of a ware rises if request surpasses gracefully. Enron decreased gracefully of power. This made the cost of power rise, every so often with 3-400 percent. The aftereffect of this endeavor at a free vitality advertise was that California was hit by power cut in winter, when power request is most minimal. Vitality emergency cost the California citizens 30 billion dollars, while the power cuts earned two billion U. S. Dollars to Enron. In any case, even this brilliant egg long couldn't spare Enron. Financial exchange investigators on Wall Street put stock in everything Enron officials enlightened them concerning Enrons tremendous benefits now and later on, until the journalist Bethink McLean in an article in Fortune in March 2001 addressed Enrons monetary status with the basic inquiry that nobody could truly answer How does Enron bring in cash? Not exactly a year after, the place of cards fell together and pulled Americas most established tallying Tell Arthur Andersen Ana Its representatives In ten Tall. President Bush said he would be enterprising president. It definitely was, yet the organization was Enron. He made a similar exchange reality, a similar air pocket of sight-seeing. At the end of the day spotted the genuine reality bubble. As pundit Harold Emerson put it: When antiquarians one after another, glancing back at the Bush organization, it will give them migraines attempting to make sense of how a president could do so reliably bomb out of such a large number of cases particularly thinking about that a considerable lot of the cases was his own drive. Incidentally, Enron had the motto Ask Why, however it didn't appear to be not kidding until February 2001 when a Journalist at the business magazine Fortune, Bethink McLean, loaded with wonder broke down where the lustrous yearly reports data on Enrons affirmed income originated from. The article was met with endeavors at deride from Enron, however abruptly a wooly clarification of the organization was discharged, and afterward at last started a flood of inquiries. In October, Enron presented a bookkeeping of one billion shortfall, and in November the organization included that there had been a bookkeeping extortion for billions of every five years t took just 24 days before the chapter 11 was a reality. There was abundance of reports on how senior administration staff over the most recent couple of months had sold Enron shares for cosmic entireties to stay away from per

What Everybody Is Saying About Samples Movie Review Essay Is Dead Wrong and Why

What Everybody Is Saying About Samples Movie Review Essay Is Dead Wrong and Why Whatever They Told You About Samples Movie Review Essay Is Dead Wrong...And Here's Why On the flip side, if you need to continue to keep your readers out of wasting their time on bad movies, you also must use your power of persuasion. Try to remember the point of an excellent review is to receive people interested in visiting the movie. Watching her blossom throughout the class of the film in this kind of unexpected manner is a real pleasure. Write about subjective camera work in the event the analysis is dealing with an area of the movie shot from the viewpoint of one of the characters. To start with, you are not going to find any top renowned actors and actresses in the cast. To create analytical skills attempt to ask more a question Why'' to what is going on in the movie and discover the answer by yourself. If you are certain that the movie is excellent and worth watching, you must be persuas ive enough as a way to convince your readers your evaluation is accurate. Without basic understanding, it's not possible to determine whether you'd love to observe the movie or not. Where to Find Samples Movie Review Essay There was not any dark political objective. Give a concise illustration of what is going to be discussed in the review and proceed to the thesis. Furthermore, a film review needs to be arranged in a certain way meaning you'll want to use the format indicated in the instructions given by your professor. Moreover, a credible movie review requires citations that have to get organized with respect to the rules of the chosen formatting style. In the movie, each significant group was represented by means of a student. Next step is to see the film. Critically engage the movie so you can effectively create a strong essay. When composing this kind of essay, you'll also have to express your opinion about the watched film. Being assigned a film analysis essay co uld just be the absolute most exciting assignment you've ever had! Writings about films are also quite popular. A standard writing assignment is an important review or analysis of films. It's apparent that the number of data you must keep in mind while preparing a film review essay is huge. You will have to ascertain the sort of essay you're going to be writing and which of the above mentioned analytical elements you will include. Both key kinds are the important essay and the theoretical essay. How to Choose Samples Movie Review Essay The introduction is easily the most appealing means of the way to begin a movie review, and contains the overview of the film and opinion which will be stated. The introduction for a movie review needs to be appealing, so the reader can find the feel of wanting to read more. In our opinion, the perfect way to describe how to compose a movie review paper is to supply you with a specific movie review examples. You will get a top-grade movie review essay example crafted depending on your specifications. The very first step in writing the review is to see the movie. A movie review writing guide provides the writer instructions on the best way to compose a movie review. The Demise of Samples Movie Review Essay One of the most intriguing insights learned from the movie is like you're in a classroom when attending your history class. From the start, the primary goal of Cesar Chavez was going to go past the farm laborers community and make a wide union that consisted of the civil rights of churches, activists, labor along with students. Be prepared for two or even 3 viewings, because it's almost not possible to observe all details on the very first endeavor. Read my essay writing service reviews and my guide to selecting the ideal service for everything you want to understand about how to pick the best writing businesses. If you think you are not able to craft a stunning review of a film, think about turning to internet professionals for support. Once you locate a service you want, don't neglect to look at my review of it. Disney, as a manufacturing company, has existed for many decades. Check all of the background info, the history of producing the film and the original supply of its idea if there is one. Thus, you won't miss any important particulars. Your movie review should consist of accurate data and undeniable truth about the plot in order to add weight to your paper. Writing a film review is a complicated and long procedure. It is clear that everyone likes watching movies. It's very entertaining to see a film and to discuss that, so even such a task can become an outstanding experience. You need to be very attentive to every detail of the film even those that seem to don't have any meaning whatsoever. Regardles s of the simple fact there are many movie enthusiasts around, the majority of the individuals feel struggled when it has to do with creating a superb film review as it involves considering a given film from other angles. What Everybody Dislikes About Samples Movie Review Essay and Why Keep reading to discover how you are able to create your next essay as smooth as butter. Taking notes is additionally a good idea and will help the writing process by making it straightforward to refer to your in-the-moment ideas and reactions. Always be certain you take a look at the review my essay section of any writing service website you're thinking about using. If you would like not only write papers to have a superior score in the close of the program, yet to master the art of movie report writing, you have to be a film-savvy individual. Let's see ways to get started. You have to keep in mind a film review is likewise an academic work that must be written based on the established standar ds. A superb review will explain the method by which the film has enhanced the learning experience, but nevertheless, it should also offer an account of your private response. Read your paper a couple of times. The Downside Risk of Samples Movie Review Essay Unfortunately, developing a high-quality review might seem a tricky job, particularly for beginners. The various kinds of reviewers can provide different varieties of writing, which is something good in a marketplace that is rapidly becoming over-saturated. A very simple program Google Earth helps someone find his native residence, when he doesn't remember his address. To begin with, let's define the intention behind the job.

Wofford College Admissions Data

If you are interested in attending Wofford College, know that they accept about three-quarters of those who apply. Learn more about what it takes to get into this college. Founded in 1854, Wofford College is a private liberal arts college affiliated with the United Methodist Church. Located in Spartanburg, South Carolina, Woffords 170-acre campus is a designated National Historic District, and it was recently designated as the Roger Milliken Arboretum. The college has an 11 to 1 student/faculty ratio, and students can choose from 26 majors. Woffords strengths in the liberal arts and sciences earned it a chapter of the prestigious Phi Beta Kappa Honor Society. In athletics, the Wofford Terriers compete in the NCAA Division I Southern Conference. Wofford easily made my list of Top South Carolina Colleges. Admissions Data (2016) Percent of Applicants Admitted: 70Â  percentGPA, SAT and ACT Graph for Wofford AdmissionsTest Scores: 25th / 75th PercentileSAT Critical Reading: 520 / 630SAT Math: 530 / 640SAT Writing: - / -What these SAT numbers meanSAT comparison for South Carolina collegesSouthern Conference SAT score comparisonACT Composite: 24Â  / 29ACT English: 23 / 30ACT Math: 23 / 27ACT Writing: - / -What these ACT numbers meanACT comparison for South Carolina collegesSouthern Conference ACT score comparison Enrollment (2016) Total Enrollment: 1,683Â  (all undergraduate)Gender Breakdown: 48Â  percent Male / 52 percent Female99 percent Full-time Costs (2016-17) Tuition and Fees: $40,245Books: $1,200 (why so much?)Room and Board: $11,635Other Expenses: $2,454Total Cost: $55,534 Wofford College Financial Aid (2015-16) Percentage of New Students Receiving Aid: 92Â  percentPercentage of New Students Receiving Types of AidGrants: 91Â  percentLoans: 46 percentAverage Amount of AidGrants: $27,639Loans: $7,143 Academic Programs Most Popular Majors: Biology, Business, Finance, English, Political Science, Psychology Graduation and Retention Rates First Year Student Retention (full-time students): 86Â  percent4-Year Graduation Rate: 78 percent6-Year Graduation Rate: 80Â  percent Intercollegiate Athletic Programs Mens Sports: Football, Soccer, Track and Field, Volleyball, Cross Country, Basketball, Baseball, Golf, TennisWomens Sports: Basketball, Soccer, Golf, Tennis, Volleyball, Track and Field, Cross Country Interested in Wofford College? You Might Also Like These Schools Clemson University: Profile | GPA-SAT-ACT GraphFurman University: Profile | GPA-SAT-ACT GraphCollege of Charleston: Profile | GPA-SAT-ACT GraphDuke University: Profile | GPA-SAT-ACT GraphCoastal Carolina University: Profile | GPA-SAT-ACT GraphDavidson College: Profile | GPA-SAT-ACT GraphWake Forest University: Profile | GPA-SAT-ACT GraphUniversity of South Carolina: Profile | GPA-SAT-ACT GraphElon University: Profile | GPA-SAT-ACT GraphUNC Chapel Hill: Profile | GPA-SAT-ACT Graph Explore Other South Carolina Colleges Anderson | Charleston Southern | Citadel | Claflin | Clemson | Coastal Carolina | College of Charleston | Columbia International | Converse | Erskine | Furman | North Greenville | Presbyterian | South Carolina State | USC Aiken | USC Beaufort | USC Columbia | USC Upstate | Winthrop Wofford College Mission Statement mission statement from https://www.wofford.edu/about/mission/ Wofford’s mission is to provide superior liberal arts education that prepares its students for extraordinary and positive contributions to society. The focus of Wofford’s mission is upon fostering commitment to excellence in character, performance, leadership, service to others and life-long learning. Data Source: National Center for Educational Statistics

The Bad Seed Vs Lord Of The Flies - 1451 Words

The Lord of the Flies and â€Å"The Bad Seed† have some similarities and some differences. First, the Lord of the Flies and â€Å"The Bad Seed† are the same because they both show theories on where evil comes from, either nature or nurture. Additionally, they both show that children are capable of evil. On the other hand, The Lord of the Flies and â€Å"The Bad Seed† have some differences. First, the Lord of the Flies focuses on the nurture theory, or the theory that evil is fueled by surroundings, but â€Å"The Bad Seed† focuses on the nature theory, or the theory that evil is passed down through genetics, and you are born evil. Second, in the Lord of the Flies, Jack, the antagonist, only resorts to murder after being on the island for a time. On the other†¦show more content†¦Now, all of the boys are under the lead of Jack, and everyone turns against Ralph. They all start to hunt Ralph, who hides in a cave. To try and drive him out, they roll a boulder down to crush him. However, it doesn’t work, and Ralph is still in the cave. After it fails, they set the jungle on fire to get him to leave. The whole jungle quickly goes up in flames. Ralph runs to the beach, being chased by the other boys. They find a navy officer standing on the beach, who had seen the fire. The boys are all rescued. â€Å"The Bad Seed† is a movie made in 1956 about a psychotic 8-year-old girl, who kills people to get what she wants. It begins with a woman named Christine, Kenneth, her husband, and Rhoda, their daughter. Kenneth is being transferred to Washington DC by the Air Force. Christine is left to take care of Rhoda alone. Rhoda appears perfect, always doing her chores and never getting into trouble. However, she always asks for gifts from their landlady, Monica. Christine sometimes wonders if Rhoda is too young to be as mature as she is. However, the gardener, Leroy, believes that Rhoda isn’t as perfect as she appears. One da y, Christine drops off Rhoda at a school picnic. 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Advanced Financial Accounting for DelGro- MyAssignmenthelp.com

Question: Discuss about theAdvanced Financial Accountingfor Comfort DelGro. Answer: Introduction Comfort DelGro Corporation Limited is identified to be the market leader of the private coach services and the public scheduled bus sectors in the Singapore. The public listed subsidiary SBS Transit Ltd is depicted to be operating at the fleet of about 3448 buses and 255 bus routes are considered. It also comprises of the 205 bus services, 23 niche bus services and 25 premium bus services (Welch, 2014). The Comfort DelGro Corporation Limited consists of the 350 fleet buses with including the buses that are belonging to the subcontractors. Comfort DelGRo Corporation Limited operates in seven countries such as Singapore, China, UK, Australia, Vietnam, Malaysia, and Ireland. The company always tries to maintain a good relationship with their investors and with shareholders by providing them with the correct information at the correct time. The literature which is being explained in this report is consisting of the changes to the accounting requirements is affecting the company or the no t along with the judging the effects revealed on the financial statements as presented by the company (Bacon, 2010). The pros and the cons are also discussed at the end of this report which justifies the effect created by the company. Henceforth the primary objective is being defined in the form of the literature as provided in this report. Changes to Accounting Requirements The most important thing which is being observed in the form of the changes in the IAS 17 and IFRS 16 is that the way of bringing the operating lease into the account of the balance sheet which is being produced by the companies. As under the IAS 17, a lessee is not obligated to be presenting the report of the assets and the liabilities from the operating leases. But in the case of the IFRS 16, a lessee is obligated to be presenting the report of the assets and the liabilities in the financial statements in the form of the operating leases (Arnold, 2012). IFRS-enabled this for the purpose of recognizing the arising rights and the values of the assets and the liabilities as it is being represented on the balance sheet. IAS 17: It shows operating lease which is presented off balance in the form of the single expenses. The finance lease is only being represented in the balance sheet. IFRS16: It shows the recognition of the operating lease which is being used for recognizing the assets and the liabilities on the balance sheet. The operating lease is being presented in the form for the purpose of reporting the depreciation and the interests separately (Correia, 2005). Effects on Financial Statements The new lease rules stated in the IFRS 16 will impose a significant impact on the financial statements of the ComforDelGro. The financial statement should show recognition, measurement and disclosures of the leases. The company has to disclose the financial information about the leasing of the assets. The company has to recognize the values of the leasing, impairment losses and depreciation charges (Besley, 2016). The company has to recognize the value of the items on the basis of the transfer of rewards and risks. The financial statements of the company show the details of the leases and also all the details of transaction. The lessee has to recognize all the assets and liabilities and the lessor has to classify leases as finance or operating. The value of both the group and company has been decreased from the year 2015 to 2016 which means that some of the assets have been removed or dismantled. Thus, according to the new lease standard, the company has to show the changes in their balance sheet (Dauber, 2005). The company has to evaluate under the recognition principle of the costs of the assets and liabilities. The assets, liabilities, capital, income, cash flow, are included in the financial statements. The shareholders would be able to determine and evaluate the valuation of the lease account. These new amendments drop significant impact on the preparation of the financial statements of the companies, and the ComfortDelgro is also affected by these new changes. The new standard can be beneficial in both accounting and operational aspects of ComfortDelgro (Emery, Finnerty and Stowe, 2011). The arrangement of the new leases can be more competitive and can decrease the risk of the companies. The effects of the changing accounting standards are related to the management processes and the adjustment mechanism of the company. The effect is also linked to the investors, before investing money they will be able to know about the value of the company due to the implementation of the new lease standard. The balance sheet should show the value of the asset which will provide appropriate information. Financing leases and the focus to the real cost of the lease assets is the effect of the International Financial Reporting Standard 16 (IFRS16). The auditors represent the income statement, balance sheet, cash flow statement and they have to follow the standard. The audit evidence obtains the sufficient and appropriate information to provide a fair view of financial statement (Helbk, Lindset, and McLellan, 2010). The implementation of the new leases has a significant effect on the preparation of the financial statements. It is effective in the identification of the compound and judgmental leases arrangement. Based on the figure of the business the new standard is useful in the making of significant differences in the assets ratio. In the case ComfortDelgro, the effects of the new standard will be felt across and have an impact on the risk management plans. According to the financial decla ration of the ComfortDelGro Company, the board of director represents the financial position as per the report. It affects the non-parametric analysis of the financial ratio and the calculating other ratio. Without depending on the leases intensity, the International Financial Reporting Standard 16 (IFRS16) affects the assets value of the companies. The effect of IFRS16 may be more than the expected value which is considered as the minimum lease payment declared by IFRS16 (Horngren, 2013). It is useful in the risk management, financial, operational control and in the other processes. It has an impact on the advanced financial accounting which facilitates the analysis of the financial results. So in the application of the new leases IFRS16 rather than the old one, IAS17 is more profitable than before. The investors will be able to get the appropriate value of the leases and classification of lease. The calculation of the financial ratios will be changed on the basis of new standard r equirements, and the shareholders will get an accurate result of the financial statements. Effects on ComforDelGro The changes in the standard will impose significant impact on the financial statements of the company. It evaluates the items on recognition of the lease costs and its classification. The price of the items of ComfortDelgro can be measured reliably. The impact of the changes in new lease requirements in retail is expected to be mostly significantly, and it impacts ComfortDelgro substantially (Mott, 2008). The new standard has brought the biggest change in the making of financial reports according to the standards if the assets are bought and financed with debt, the assets and liabilities arising from the lease must be brought onto a lease balance sheet. Hence, the company ComfortDelgros material off-balance sheet leases that IFRS 16 is projected to better results in an increase of financial liabilities and lease assets. According to the IASB expects key financial ratios derived from a ComfortDelgro reported to some assets and liabilities to change. Hence, the lease the finance lease receivable along with the vehicles procured under finance lease plans are considered as finance lease of the company ComfortDelGro. The arrangement of the expenditure related to leases and other some effects (Oppermann, 2009). The new standard removes the differentiation of operating lease and finance lease and all lease are treating as the finance lease. The appreciation of the expense is related to rent and own lease and as well as the portfolio of contracts. The dimension of the increase in service of profit and finance costs that depends on the suggestion of leasing to ComfortDelgro and measurement or the discount rates applied (Rahman, 2015). The new IFRS 16 standard has brought the principles that are used for detection, measurement plus disclosure of the lease. The reduction of the leased asset will be documented on a straight-line basis that outflow decreases over the contract terms as upon the rent due to responsibility decreases. Under at the new normal, a lease is agreement or part of a contract that conveys to use the right asset for an extended period in replace for reflection. Reduction operating cost and interest expenses cannot be collective in the income declaration. Attention expenditure is presented based on an accounting policy election that by IAS 7 Statement of cash flows. To obtain all of the economic benefits from the utilization of the identified asset, the use of the directly identified asset significantly made. Lesser are required to apply IFRS 15 to distribute the consideration in the agreement. Many contracts of ComfortDelgro contain a lease engaged with a concurrence to obtain or sell other goods or services. It is required to originally be familiar with lease liability for the responsibility to make lease payments and use of right assets to use the underlying asset for the lease term (Parrino, 2015). Use of safe assets is subjected to mutilation testing under IAS 36 Impairment of assets. The new lease rule effect on the gearing ratio of ComfortDelgro as it changes the liabilities of the company, so the debt ratio of the is also changed. Moreover, due to the changes in debt the financial position of ComfortDelgro is also changed. Lessees create the contractibility to reflect concentration and decrease the liability and to imitate on lease payments made. For an individual off balance sheet lease, the expenditure recognized was typically the same in each of the periods throughout the lease term that ComfortDelgro known as operating lease expenses characteristically on a straight line basis. The related use of a true asset is depreciated in agreement with the depreciation requi rements of assets. Lessees premeasured the contract obligation upon the incident of individual actions. Use of right assets presented unconnectedly from the other assets on the balance sheet or disclosed separately in notes (Rayman, 2013). For operating leases, lesser continues to be familiar with the underlying asset. The new standard will require ComfortDelgro to do more than just exchange its obtainable operation lease commitments that expos to reproduce lease assets and liabilities. These actions will need participation from a selection of departments across ComfortDelgro. The cost to put into practice and carry on to meet the terms of new leases standard could be substantial for most lessees. Conclusion The change in the lease standards is representing that the company had to show all the details of the leases in the balance sheet as per the standards of the IFRS 16 (Schroeder, Clark and Cathey, 2011). The pros and the cons of the changes are surrounding the discussion which is revolving around the effect on the financial statements and the effect on the selected company is depicted to be showing that the investors are benefitted by this a lot since, they can have each and every detailed information of the company's assets which will be listed on the balance sheet (Tracy, 2013). The values and classification of the leases will be determined and evaluated by the shareholders. References Arnold, G. (2012).Corporate financial management. Harlow, England: Pearson. Bacon, F. (2010).Corporate financial management. Acton, MA: Copley Custom Textbooks. Besley, S. (2016).Corporate finance. [Place of publication not identified]: Cengage Learning. Correia, C. (2005).Corporate financial management. Cottesloe, W.A.: Skystone Investments. Dauber, N. (2005).2006 Auditing standards. Canada: Thomson. Emery, D., Finnerty, J. and Stowe, J. (2011).Corporate financial management. Morristown, NJ: Wohl Publishing. Helbk, M., Lindset, S. and McLellan, B. (2010).Corporate finance. Maidenhead, Berkshire: Open University Press/McGraw-Hill Education. Horngren, C. (2013).Accounting. Frenchs Forest, N.S.W.: Pearson Australia. Mott, G. (2008).Accounting fro Non-Accountants (7th Edition). London, GBR: Kogan Page, Limited. Oppermann, H. (2009).Accounting standards. Lansdowne: Juta. Parrino, R. (2015).Corporate Finance. Singapore: John Wiley Sons. Rahman, N. (2015).Corporate Finance. North Ryde: McGraw-Hill Australia. Rayman, R. (2013).Accounting Standards. Hoboken: Taylor and Francis. Schroeder, R., Clark, M., and Cathey, J. (2011). Financial accounting theory and analysis. Hoboken, NJ: Wiley. Tracy, J. (2013).Accounting for dummies. Hoboken, N.J.: Wiley. Welch, I. (2014).Corporate finance. Los Angeles: Ivo Welch.

Help with Writing a Management Accounting Cost Classification Essay Essay Example

Help with Writing a Management Accounting Cost Classification Essay Essay A management accounting cost classification essay is a kind of written assignment that presupposes the discussion of a specific aspect of a given topic. While working on the delivery of the explanatory paper, one needs to take a deep insight into the topic and discuss all the issues connected to the given theme. An author has to present a number of persuasive arguments and relevant examples that will help to render one’s position and thoughts to the target reader. Thus, a person facing a task to deliver this type of written assignment should be well concentrated and possess profound writing skills to be able to create an appropriate paper. This kind of assignment is concentrated on such aspects of a topic as managerial costs, cost accounting, conversion management, variable packages, and financial software. It relates to the decision making process and arranging cost apportionment. It also occupies all the counting and methods of control. This aspect of company activity presupposes dealing with the prospects of development and building plans for the future. Cost accounting allows tracing the financial activity as well as conducting an analysis, making the prognosis and building plans. It is necessary to take an eye on all expenditures including financial software and labor product. Professors and teachers of higher educational institutions demand from their students the preparation of management accounting cost classification essay as it allows to examine their critical thinking abilities. What is more, it enables to evaluate the level of perception of the materials discussed during the course. All in all, it is beneficial for all people involved in the business as it allows to familiarize oneself with the fundamentals of accounting management and create a model, which will enable estimating all the pros and cons of the business activity. How to write a management accounting cost classification essay? We will write a custom essay sample on Help with Writing a Management Accounting Cost Classification Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Help with Writing a Management Accounting Cost Classification Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Help with Writing a Management Accounting Cost Classification Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer A delivering process of any academic assignment presupposes preformation of a number of procedures, which allows creating a paper, which is logically built and sense loaded. The same is the process with the delivery of management accounting cost classification essay. Exists an established algorithm, following which an author will finally receive a coherent and cohesive piece of info. Thus, it is possible to divide the preparation procedure into three periods gathering data, writing a text and polishing the version. Each of these stages has its specificities, which a writer should take into account. In the stage of data gathering, an author has to concentrate4 mainly on the topic. Judging from a direction of theme, one should pick a number of credible and reliable sources. A prolific strategy will be to consult the list of references provided be a scholarly supervisor. Bear in mind the fact that it is better to take notes to have easy access to the necessary info. After that, one should compile an outline that will serve as a spine for the management accounting cost classification essay. During the writing stage, a writer should expand the outline compiled beforehand. It is necessary to enhance the basic framework with persuasive supporting arguments allowing the target reader to grasp the main idea of the author. 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The opening part of a paper or the intro is the first part, which the target reader sees. For that reason, I should be effective and attention-grabbing. It should evoke interest in the minds of the audience so that people will have the desire to continue reading a paper. Apart from that, an intro should comprise a thesis. Its purpose is to express the position of the author and at the same time express the idea of the whole writing. The next part is the main body section. It is the core of writing. The task of the author is to provide two-three relevant arguments, which will support the thesis. Bear in mind the fact that examples should enhance each of these arguments. They will illustrate the points and prove their credibility. The last section is the conclusion. Its main purpose is to sum up the main points discussed in the essay. An author has to include the paraphrasing of a thesis. The best argument enhancing the thesis would also be relevant. 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How to Change Your Own Oil

How to Change Your Own Oil Free Online Research Papers Knowing how to change your own oil makes it easier to maintain your vehicle. You will need to get the following items: a jack, a container to drain the oil into, the proper oil filter for your vehicle, know how much oil to get and what kind, oil filter wrench, a wrench to remove the plug from the oil pan. The first step you do after getting your tools and supplies together is to make sure the car has turned off and cooled down because the oil could burn you. Next, you jack the front of the car up to a safe height to get to the oil pan plug. Then, you take the container and place it underneath the plug bolt. Next, you will slowly loosen the bolt to let the oil drain out into the container without dropping the bolt into the oil. After the oil drains out of the oil pan, remove the old oil filter and let it drain into the bucket. Then, put the plug back in the oil pan, and put the new oil filter on with the oil filter wrench. Next, you pour the new oil in the motor through the spot where the cap says â€Å"Oil Here.† After the oil being poured, let it settle through the motor. After about 15 minutes, let the jack down, and start the car making sure the oil pressure is good. After everything checks out ok, put all the tools away, and properly dispose of the oil. Now you have saved time and money by changing your own oil. Research Papers on How to Change Your Own OilHarry Potter and the Deathly Hallows EssayThe Hockey GameBionic Assembly System: A New Concept of SelfWhere Wild and West MeetOpen Architechture a white paperHonest Iagos Truth through DeceptionThe Effects of Illegal ImmigrationGenetic EngineeringStandardized TestingCapital Punishment

Steps and procedures to progulamte an OSHA standard Essay

Steps and procedures to progulamte an OSHA standard - Essay Example All these represent massive expenses to the company and even to the government and as such, each workplace is mandated by the Department of Labor to strictly comply with the OSH Act or the Williams-Steiger Occupational Safety and Health Act (OSHA) which was passed by the US Congress in 1970. The objective of this act is to assure safety and healthy conditions for all workers in all private corporations (Is your company in compliance?). The OSHA Act compels all companies and institutions to protect the health and safety of its workers by providing education and training so that accidents due to carelessness or to failure to give proper instructions or to machine breakdown, be prevented. The reported annual bill due to work-related accidents has already reached almost $50 billion and thus there is urgency that the OSHA Act be strictly complied with (Bittel 1992, p.476). The OSHA Act clearly forces all employers and employees to comply with all standards set down by OSHA and which are contained in the journal called â€Å"Occupational Safety and Health Standards; National Consensus Standards and Established Federal Standards†, published by the Federal Register (Bittel 1992, p.478). These standards include radiation control, materials handling, electrical installations, exits, first-aid services, sort of mini-fire department in the The work of OSHA to regulate health and safety in the workplace is not yet over because according to reports, â€Å"between one half and two thirds of the known workplace carcinogens remain unregulated by OSHA standards† (Paehlke 1995, p. 503). Thus OSHA standards, must be promulgated to address protection of workers against these carcinogens, especially pesticides. The first step to promulgate an OSHA standard is the providing of notice to all parties who may be affected by the OSHA

Written discussions and online discussions Personal Statement

Written discussions and online discussions - Personal Statement Example In the second written discussion, my involvement was in reading the comment on constructivist views of learning and weighing the contents of the post. Although I did not comment to it, my participation was intra-personal wherein I was weighing myself where I stood in the whole of things about skill and challenge and whether I was also getting bored; and if I was, how would I think in terms of rewards or promotions. I was also debating within myself about "enjoying if I reduced my skill" and when do I do that. I guess this means going down to the level of students, but not necessarily reducing my skill. The second point that came to my mind is how "the level of challenges would be increased for teachers." How is that going to happen By administration The post has greatly challenged my thinking. I have been a thinker rather than a talker in most discussions. I don't like speaking in front of many people. I learn the content I learn in class while listening to others verbalizes their ideas. Sometime, it's not clear whether I understand certain content, but after listening to others' personalized examples, it becomes clear. Explain: If there was a 4.5, my degree of enjoyment would be it. First, I cannot afford the face-to-face presence because of some concerns. Second, I don't very much like face-to-face set ups in conversing with other internationals where the language is not mine. c. the degree to which you felt the oral discussions contributed to your learning 1 2 3 4 5 6 7 Contributed Contributed Contributed not at all somewhat greatly Explain: The contribution to my learning of oral discussions is only on the level of 4, considering what I had presented earlier. I don't have the luxury of time, and I am not given to mixing in set-ups with oral concerns. Section 2: For the next questions, consider the WRITTEN (bulletin board) discussions: 3. I am interested first in having you describe how you read and understand the written comments. In particular, describe what you typically do in terms of reading comments in a Blackboard discussion. With written discussions, I open to them and read all,

Utilitarianism Essay Essay Example for Free

Utilitarianism Essay Essay Utilitarianism is an ethical theory which acts as a guideline on how people should act in certain situations and was first introduced by a hedonist (pursuer of pleasure) named Jeremy Bentham who put forward the ‘Principle of Utility’ which said â€Å"The greatest happiness for the greatest number†. Utilitarianism is a theory which bases on the end purpose (teleological) of achieving pleasure, our decisions should be based on consequences in pursuit of the principle of utility (consequentialist) and is a theory which judges each situation independently (relativistic). Jeremy Bentham was the first contributor and developer for Utilitarianism and was most famous for his version of ‘Act’ Utilitarianism which focused applying the Principle of utility to each individual act to each unique situation. Bentham believed that happiness was the first thing to consider when making a decision, and our pleasure helped us achieve the most happiness. Bentham said that ‘Nature has placed mankind under two sovereign masters, pain and pleasure and it is them that will determine what we ought to do’ meaning the right moral decision will come about through the considerations of pleasure and pain. He devised the ‘Hedonic calculus’ (hedonic meaning pleasure) which was a piece of apparatus which helped him quantify happiness. The Hedonic calculus holds seven aspects which need to be considered: Duration (How long the pleasure will last), Remoteness (How close is the happiness), Purity (How free from pain is the pleasure), Richness (How likely will the pleasure lead to more happiness), Intensity (How strong the pleasure is), Certainty (How sure the act will produce happiness) and Extent (Will other people be affected by the pleasure). It’s these factors which a person must consider and weigh up in terms of pain and pleasure in order to find the most moral and ethical decision to make, if the calculus totals up in more pain over pleasure then this defines it as the wrong choice to make. Bentham says that you must choose the act which maximises the amount of pleasure for the most amounts of people to ensure happiness. Bentham believed that all people were entitled to happiness, and thus each to count as one and no-one as more than one. However, there were many obvious faults in this theory; for example, eating a chocolate bar is subjective to people who like and dislike chocolate therefore not every action has equal pleasure and pain for every person. John Stuart Mill, a fellow colleague of Jeremy Bentham criticised him for developing a ‘Swine theory’ as it encouraged people to be selfish and recognizes no higher purpose for life other than the mere pursuit of pleasure. Mill was concerned that one person’s unhappiness could be entirely overlooked if the majority were happy. Unlike Bentham, Mill focused on differentiating the quality of pleasure and thus introduced a new theory of utility called ‘Rule’ Utilitarianism which acted as a general guideline that achieved happiness without discriminating. Mill’s definition of happiness was tended to the spiritual and culture side rather than just physical. He distinguished between Higher and lower pleasures, higher pleasures were in pleasures in tune with the mind such as reading and poetry and lower pleasures tended to physical needs to do with the body like sex and eating. Mill stated that lower pleasures are more easily accomplishable and thus have to be completed before satisfying the intellectual needs of the mind. He famously wrote ‘It is better to be a human satisfied than a pig satisfied, it is better to be Socrates dissatisfied than a fool satisfied’ this meant that humans were able to feel much more rewarding emotions far above the magnitude of the feelings of the pig, regardless of dissatisfaction. Two types of rule utilitarianism have been identified in modern times, strong rule and weak rule utilitarian. Each still focuses on the application of a general rule to achieve happiness, but strong rule utilitarianism defines the rule as absolute and must not be broken, an example of this is ‘Do not kill’ which is created through the principle of utility. Weak rule utilitarianism offers a person the choice to break certain rules in order to achieve the greater good as an exception, for example the rule of ‘Do not kill’ could be broken if the opportunity to kill Hitler to prevent more pain from occurring. Mill was defined by some scholars as a weak Utilitarian.

Animal Farm, by George Orwell :: Animal Farm Essays

Animal Farm Essay by George Orwell   Ã‚  Ã‚  Ã‚  Ã‚  In the book Animal Farm, by George Orwell, the idea of how power can corrupt is depicted in the novel. The theme of the novel is â€Å"Power corrupts and absolute power corrupts absolutely†. When one receives to much power, such as the character Napoleon, it forms a dictatorship like government in which all decisions are made by one man. When a revolution happens, or a sudden change occurs people begin to grow unhappy while working for their government with no say in any political decisions.   Ã‚  Ã‚  Ã‚  Ã‚  When the animals of Animal Farm took over there main beliefs were based on their made up commandments called Animalism. The beliefs derived from this law were basically that â€Å"man is our enemy†, â€Å"all animals are comrades†, â€Å"do not become like man†, and â€Å"no animal should be more powerful then another†. These views were from Old Major, who had given a speech to stir the animals into rebellion. Old Major’s dream was for the earth to be ran by animals. When Old Major died, Snowball, Napoleon, and Squealer replaced him. At first things started off pretty well; the harvest was very good the first year and the reading and writing system had helped some, but had limited success on others. Napoleon soon shared his view on education and took the puppies into his home and started teaching them. In time the leaders of animal farm started to have mixed feelings. Snowball said the animals only had to work three days a week, but Napoleon said it would only result in the animals starving to death. Napoleon then had the dogs kill off Snowball. Napoleon had eliminated Sunday morning meetings. The committee of pigs were now the leaders and there were no more debates. Napoleon soon started brainwashing the lower class of animals to believe him. The traditions of Old Major were soon forgotten, it was now Napoleons plans. Under new leader Napoleon the work week had been extended so that each animal had to work 60 hour weeks. Napoleon also hired Mr. Whymper as a go between for trade. Napoleons hiring of Mr. Whymper had gone against Animal Farms motto. The pigs now lived in the house and changed some of Animal Farms laws such as â€Å"no animal shall sleep in a bed† was now changed to â€Å"no animal shall sleep in a bed with sheets†. The laws were changed to fit Napoleons needs. Napoleon had changed around their seven commandments One was â€Å"no animal shall kill another†,this was changed to â€Å"no animal shall kill another without

Introduction to Axis Bank

INTRODUCTION TO AXIS BANK Commercial banking services which includes merchant banking, direct finance infrastructure finance, venture capital fund, advisory, trusteeship, forex, treasury and other related financial services. As on 31-Mar-2009, the Group has 827 branches, extension counters and 3,595 automated teller machines (ATMs). Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established.The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i. e. National Insurance Company Ltd. , The New India Assurance Company Ltd. , The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank today is capitalized to the extent of Rs. 359. 76 corers with the public holding (othe r than promoters) at 57. 79%. The Bank's Registered Office is at Ahmadabad and its Central Office is located at Mumbai.The Bank has a very wide network of more than 853 branches and Extension Counters (as on 30th June 2009). The Bank has a network of over 3723 ATMs (as on 30th June 2009) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. HISTORY OF AXIS BANK In 1993, the Bank was incorporated on 3rd December and Certificate of business on 14th Dece11mber.The Bank transacts banking business of all description. UTI Bank Ltd. was promoted by Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. The bank was the first private sector bank to get a license under the new guidelines issued by th e RBI. In 1997, the Bank obtained license to act as Depository Participant with NSDL and applied for registration with SEBI to act as `Trustee to Debenture Holders'. Rupees 100 crores was contributed by UTI, the rest from LIC Rs 7. 5 crores, GIC and its four subsidiaries Rs 1. crores each. In 1998, the Bank has 28 branches in urban and semi urban areas as on 31st July. All the branches are fully computerized and networked through VSAT. ATM services are available in 27 branches. The Bank came out with a public issue of 1,50,00,000 No. of equity shares of Rs 10 each at a premium of Rs 11 per share aggregating to Rs 31. 50 crores and Offer for sale of 2,00,00,000 No. of equity shares for cash at a price of Rs 21 per share. Out of the public issue 2, 20,000 shares were reserved for allotment on preferential basis to employees of UTI Bank.Balance of 3, 47, 80,000 shares were offered to the public. The company offers ATM cards, using which account-holders can withdraw money from any of th e bank's ATMs across the country which is inter-connected by VSAT. UTI Bank has launched a new retail product with operational flexibility for its customers. UTI Bank will sign a co-brand agreement with the market, leader, Citibank NA for entering into the highly promising credit card business. UTI Bank promoted by India's pioneer mutual fund Unit Trust of India along with LIC, GIC and its four subsidiaries.In 1999, UTI Bank and Citibank have launched an international co-branded Credit card. UTI Bank and Citibank have come together to launch an international co-branded credit card under the MasterCard umbrella. UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar here, taking the total number of its off site ATMs to 13. m In 2000, the Bank has announced the launch of Tele-Depository Services for Its depository clients. UTI Bank has launch of `iConnect', its Internet banking Product. UTI Bank has signed a memorandum of understanding with equitymaster. om for e-broking activiti es of the site. Infinity. com financial Securities Ltd. , an e-broking outfit is Typing up with UTI Bank for a banking interface. Geojit Securities Ltd, the first company to start online trading services, has signed a MoU with UTI Bank to enable investors to buysell demat stocks through the company's website. India bulls have signed a memorandum of understanding with UTI Bank. UTI Bank has entered into an agreement with Stock Holding Corporation of India for providing loans against shares to SCHCIL's customers and funding investors in public and rights issues.ICRA has upgraded the rating UTI Bank's Rs 500 crore certificate of deposit programmed to A1+. UTI Bank has tied up with L&T Trade. com for providing customized online trading solution for brokers. In2001, UTI Bank launched a private placement of non-convertible debentures to rise up to Rs 75 crores. UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across t he country to 355. UTI Bank has recorded a 62 per cent rise in net profit for the quarter ended September 30, 2001, at Rs 30. 5 crore. For the second quarter ended September 30, 2000, the net profit was Rs 19. 08 crore. The total income of the bank during the quarter was up 53 per cent at Rs 366. 25 crore. In 2002, UTI Bank Ltd has informed BSE that Shri B R Barwale has resigned as a Director of the Bank w. e. f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, also retired from the bank’s board in the third quarter of last year. His place continues to be vacant. M Damodaran took over as the director of the board after taking in the reins of UTI.B S Pandit has also joined the bank’s board subsequent to the retirement of K G Vassal. UTI Bank Ltd has informed that Shri Paul Fletcher has been appointed as an Additional Director Nominee of CDC Financial Service (Mauritius) Ltd of the Bank. And Shri Donald Peck has been appointed as an Additional Director (nom inee of South Asia Regional Fund) of the Bank. UTI Bank Ltd has informed that on laying down the office of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank.In 2002, B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank. UTI Bank Ltd has informed that in the meeting of the Board of Directors following decisions were taken: Mr Yash Mahajan, Vice Chairman and Managing Director of Punjab Tractors Ltd were appointed as an Additional Director with immediate effect. Mr. N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect. ABN Amro, UTI Bank in pact to share ATM. UTI Bank Ltd has informed BSE that a meeting of theBoard of Directors of the Bank is scheduled to be held on October 24, 2002 to consider and take on record the unaudited half yearly/quarterly financial results of the Bank for the half year/Quarter ended September 30, 2002. UTI Bank Ltd has informed that Shri J M Trivedi has been appointed as an alternate director to Shri Donald Peck with effect from November 2, 2002. In 2003, UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. UTI Bank, the private sector bank has opened a branch at Nellore. The bank's Chairman and Managing Director, Dr P. J. Nayak, inaugurating the bank branch at GT Road on May 26. Speaking on the occasion, Dr Nayak said. This marks another step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have decided the following: 1) To appoint Mr. A T Pann ir Selvam, former CMD of Union Bank of India and Prof.Jayanth Varma of the Indian Institute of Management, Ahmedabad as additional directors of the Bank with immediate effect. Further, Mr. Pannir Selvam will be the nominee director of the Administrator of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible Unsecured Redeemable Debentures up to Rs. 100 crs, in one or more tranches as the Bank's Tier – II capital. -UTI has been authorized to launch 16 ATMs on the Western Railway Stations of Mumbai Division. -UTI filed suit against financial institutions IFCI Ltd in the ebt recovery tribunal at Mumbai to Recover Rs. 85cr in dues. -UTI bank made an entry to the Food Credit Program me; it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nominee of UTI has resigned as the director of the bank. - Banks Chairman and MD Dr. P. J. Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid travel card ‘Visa Electron Travel Currency Card' -Allotment of 58923 equity shares of Rs 10 each under ESOP. UTI Bank ties up with UK govt fund for contract farm in -Shri B S Pandit, nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I) has resigned as a director from the Bank wef November 12, 2003. -UTI Bank unveils new ATM in Sikkim. In 2004, Comes out with Rs. 500 mn Unsecured Redeemable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI – I) has been appointed as an Additional Director of the Bank w. e. f. January 20, 2004. UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shriram Group Cos -Unveils premium payment facility through ATMs applicable to LIC UTI Bank customers –Metal junction (MJ)- the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold Incorporated, has secured a major contract for the supply of ATMs an services to UTI Bank -HSBC completes acquisition of 14. 6% stake in UTI Bank for . m -UTI Bank installs ATM in Thiruvananthapuram -Launches Remittance Card' in association with Remit2India, a Web site offering money transfer services In 2005, UTI Bank enters into a banc assurance partnership with Bajaj Allianz General for selling general insurance products through its branch network. -UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in Karnataka at Mangalore. In 2006, UBL sets up branch in Jaipur -UTI Bank unveils priority b anking lounge. MANAGEMENT OF AXIS BANK Promoters: Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI.The Bank was set up with a capital of Rs. 115 crore, with UTI contributing Rs. 100 Crore, LIC – Rs. 7. 5 Crore and GIC and its four subsidiaries contributing Rs. 1. 5 Crore each SUUTI – Shareholding 27. 02%Erstwhile Unit Trust of India was set up as a body corporate under the UTI Act, 1963, with a view to encourage savings and investment. In December 2002, the UTI Act, 1963 was repealed with the passage of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 by the Parliament, paving the way for the bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from 1st February 2003.In accordance with the Act, the Undertaking specified as UTI I has been transferred and vested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who manages assured return schemes along w ith 6. 75% US-64 Bonds, 6. 60% ARS Bonds with a Unit Capital of over Rs. 14167. 59 crores. The Government of India has currently appointed Shri K. N. Prithviraj as the Administrator of the Specified undertaking of UTI, to look after and administer the schemes under UTI where Government has continuing obligations and commitments to the investors, which it will uphold.MEANING OF WHOLE BANKING OPERATION The Wholesale Banking contains products sold to large and middle market commercial companies, as well as to consumers on a wholesale basis. This includes lending, treasury management, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and investment banking through Wells Fargo Securities. The company also owns Baring ton Associates, a middle market investment bank.Wells Fargo historically has avoided large corporate loans as stand-alone products, instead requiring that borrowers purchase other products along with loans which the bank s ees as a loss leader. One area that is very profitable to Wells, however, is asset-based lending: lending to large companies using assets as collateral that are not normally used in other loans. This can be compared to subprime lending, but on a corporate level. The main brand name for this activity is â€Å"Wells Fargo Foothill,† and is regularly marketed in tombstone ads in the Wall Street Journal.Wells Fargo also owns Eastdil Secured, which is described as a â€Å"real estate investment bank† but is essentially one of the largest commercial real estate brokers for very large transactions (such as the purchase and sale of large Class-A office buildings in central business districts throughout the United States). The wholesale banking operations consist of the following transactions: 1. Opening of Account 2. Issue of Check book 3. International Debit / Credit Card 4. Issue of Demand Draft (DD) 5. Net banking 6. e-mail statement 7. phone banking 8.Insta Query 9. Insta Alert 10. Bill pay 11. Passbook 12. Quarterly Account Statement 13. Loan Facility definitions of banking * A bank is a financial institution licensed by a government. Its primary activity is to lend money. Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds. * Banking can also be defined as engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit. Transacting business with a bank; depositing or withdrawing funds or requesting a loan. * Bank – a supply or stock held in reserve for future use (especially in emergencies) MEANING of BANK An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.PRADUCT OF AXIS BANK * Easy Access Saving Account * Saving Account for Women * Prime Saving Account * Senior Citizens Saving Account * Priority Banking * Corporate Salary Account * Trust /NGOs Saving Account * Resident Foreign Currency Account * Online Trading Account * Current Account * Term Deposits * Locker Facilities * NRI Services * Depository Services * Financial Advisory Services * Wealth Management Services * Insurance Solutions – Life and General * Retail Loans * Credit Loans * Travel Currency Cards * Remittance Cards CUSTOMER SERVICE IN BANKING OPERATION CHEQUE DROP BOX FACILITY: – RBI's Committee on Procedures and Performance Audit on Public Services have recommended that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customers and no branch sh ould refuse to give an acknowledgement if the customer tenders the cheques at the counters. * ISSUE OF CHEQUE BOOK: – The Committee has observed that some banks do not allow depositors to collect their cheque book at the branch but insist on dispatching the cheque book by courier to the depositor.Further, it is stated by the Committee that the depositor is forced to sign a declaration that a dispatch by the courier is at the depositor's risk and consequence and that the depositor shall not hold the bank liable in any manner whatsoever in respect of such dispatch of cheque book. Committee has observed this as an unfair practice and advised banks to refrain from obtaining such undertakings from depositors. Banks should also ensure that cheque books are delivered over the counters on request to the depositors or his authorized representative. STATEMENT OF ACCOUNT / PASS BOOK: – The Committee has noted that banks invariably show the entries in depositor’s passbooks / statement of accounts as â€Å"By Clearing† or â€Å"By Cheque†. Further, in the case of Electronic Clearing System (ECS) and RBI Electronic Funds Transfer (RBIEFTR) banks invariably do not provide any details even though brief particulars of the remittance are provided to the receiving bank. In some cases computerized entries use sophisticated codes which just cannot be deciphered.With a view to avoiding inconvenience to depositors, banks are advised to avoid such inscrutable entries in passbooks statements of account and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of account. Banks may also ensure that they adhere to the monthly periodicity prescribed by us while sending statement of accounts. TRADITIONAL BANKING ACTIVITIES Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts .Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM. Banks borrow money by accepting funds deposited on current accounts, by accepting term deposits, and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current accounts, by making installment loans, and by investing in marketable debt securities and other forms of money lending. Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments.Non-banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account. Banks borrow most funds from households and non-financial businesses, and lend most funds to households and non-financial businesses, but non-bank lenders provide a significant and in many cases adequate substitute for bank loans, and money market funds, cash manag ement trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks. ACCOUTING FOR BANK ACCOUNTBank statements are accounting records produced by banks under the various accounting standards of the world. Under GAAP and IFRS there are two kinds of accounts: debit and credit. Credit accounts are Revenue, Equity and Liabilities. Debit Accounts are Assets and Expenses. This means you credit a credit account to increase its balance, and you debit a debit account to increase its balance. This also means you debit your savings account every time you deposit money into it (and the account is normally in deficit), while you credit your credit card account every time you spend money from it (and the account is normally in credit).However, if you read your bank statement, it will say the opposite that you credit your account when you deposit money, and you debit it when you withdraw funds. If you have cash in your account, you have a positive (or credi t) balance; if you are overdrawn, you have a negative (or deficit) balance. The reason for this is that the bank, and not you, has produced the bank statement. Your savings might be your assets, but the bank's liability, so they are credit accounts (which should have a positive balance).Conversely, your loans are your liabilities but the bank's assets, so they are debit accounts (which should have a also have a positive balance). Where bank transactions, balances, credits and debits are discussed below, they are done so from the viewpoint of the account holder which is traditionally what most people are used to seeing. ECONOMIC FUNCTION * ISSUE OF MONEY: – In the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par.They are effectively transferable by mere delivery, in the case of banknotes, or by drawing a cheque that the payee may bank or cash. * NETTING AND SETTELEMENT OF PAYMENT: – Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economies on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables the offsetting of payment flows between geographical areas, reducing the cost of settlement between them. * CREDIT INTERMEDIATION: –Banks borrow and lend back-to-back on their own account as middle men. * CREDIT QUALITY IMPROVEMENT: – Banks lend money to ordinary commercial and personal borrowers (ordinary credit quality), but are high quality borrowers. The improvement comes from diversification of the bank's assets and capital which provides a buffer to absorb losses without defaulting on its obligations. However, banknotes and deposits are generally unsecured; if the bank gets into difficulty and pledges assets as security, to rise the funding it needs to continue to operate, this puts the note holders and depositors in an economically subordinated position. MATURITY TRANSFORMATION: – Banks borrow more on demand debt and short term debt, but provide more long term loans. In other words, they borrow short and lend long. With a stronger credit quality than most other borrowers, banks can do this by aggregating issues (e. g. accepting deposits and issuing banknotes) and redemptions (e. g. withdrawals and redemptions of banknotes), maintaining reserves of cash, investing in marketable securities that can be readily converted to cash if needed, and raising replacement funding as needed from various sources (e. g. wholesale cash markets and securities markets).BANKING CHANNELS Banks offer many different channels to access their banking and other services: * A branch, banking centre or financial centre is a retail location where a bank or f inancial institution offers a wide array of face-to-face service to its customers. * ATM is a computerized telecommunications device that provides a financial institution's customers a method of financial transactions in a public space without the need for a human clerk or bank teller. Most banks now have more ATMs than branches, and ATMs are providing a wider range of services to a wider range of users.For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the bank's account by feeding in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank. * Mail is part of the postal system which itself is a system wherein written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send or ders to the bank to pay money to third parties.Banks also normally use mail to deliver periodic account statements to customers. * Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normally includes bill payments for bills from major billers (e. g. for electricity). * Online banking is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website. * Mobile banking is a method of using one's mobile phone to conduct simple banking transactions by remotely linking into a banking network. Video banking is a term used for performing banking transactions or professional banking consultations via a remote video and audio connection. Video banking can be performed via purpose built banking transaction machines (similar to an Automated teller machine), or via a videoconference enabled bank branch. TYPES OF INVESTMENT BANK * Investment banks â€Å"underwrite† (guarantee the sale of) stock and bond issues, trade for their own accounts, make markets, and advise corporations on capital market activities such as mergers and acquisitions. * Merchant banks were traditionally banks which engaged in trade finance.The modern definition, however, refers to banks which provide capital to firms in the form of shares rather than loans. Unlike venture capital firms, they tend not to invest in new companies. MORTGAGE BANKING Mortgage banking deals primarily with originating mortgage loans and servicing them. Read more about it here as well as about what a career in mortgage banking involves. Mortgage banking is meant for a single purpose, to service the real estate finance industry. Mortgage banking deals specifically with originating mortgage loans as well as servicing them.Mortgage banks are state-licensed entities from which consumers can get mortgage loans directly. Usually, mortgage banks avail funds from the Federal National Mortgage Association, or FNMA, also known as Fannie Mae, the Federal Home Loan Mortgage Corporation, or FHLMC, also known as Freddie Mac, or any other large companies that service mortgages, which are related to the secondary mortgage market. Here are a few pointers about the nitty-gritty of mortgage banking. * MORTGAGE BANK SPECIALIZE IN MORTGAGE LOANS: – Unlike a savings bank that is federally chartered, in general mortgage banks specialize in only providing mortgage loans.Hence, customers do not deposit their money in these banks. As has been mentioned above, the secondary wholesale market is their primary source of funds. Freddie Mac and Fannie Mae are examples of the lenders in the secondary market. * MORTGAGE BANKS DIFFER IN SIZE: – While some mortgage banks can be nationwide, others can originate a volume of loan that can exceed that of a commercial bank that is nationwide. Many of these mortgage banks utilize specialty servicers like Real T ime Resolutions to carry out tasks like fraud detection work and repurchase. MORTGAGE BANKS HAVE TO SOURCES OF RAVENUE: – The two main sources of income are from loan servicing fees (if they are into loan sevicing0, and fees from loan origination. Mortgage bankers, by and large, are choosing not to service the loans they have originated. That is because they are entitled to earn a service-released premium by selling them soon after the mortgage loans are closed and funded. The investor in the secondary market that purchases the loan has the ability of earning revenue for providing servicing of the loan every month the borrower keeps the loan. DEFFERENT BANKING LAW APPLY TO MARTGAGE BANK: – Mortgage banks usually operate under banking laws that are quite different, according to the state they operate in. You will need to check each individual state’s financial department or state banking in order to get list of mortgage bankers in each state. While federal laws a pply to the operation of a federal bank, in terms of consumer protection, usually consumers have additional rights, which are applicable according to each state. * MORTGAGE BANKERS CAN BE MORE COMPETITIVE: –Since they only specialize in lending and do not have to subsidize any of the losses that other departments may have incurred, as in regular banking, mortgage bankers have the ability of being really competitive when lending for mortgage. However, they usually do not have the advantage of accessing adjustable rate mortgages that are low cost, which federal banks are typically associated with, and federal money access. * A CAREER IN MORTGAGE BANKING: – Professionals in mortgage banking in the job market today need to have a college degree in business or finance, or some specific experience or training related to the field.Skills in good customer service, an inherent ability with numbers, and computer skills are also essential requirements for mortgage banking jobs. A mortgage banking professional’s job involves reviewing credit scores, determining the kind of loan that is most beneficial for the customer and guiding them through the process of application as well as closing. The loan officer has to be very organized and detail oriented, and need to be able to handle the large amounts of paperwork and reporting that are required for getting loans approved, up to the closing.A mortgage banking professional also has to have thorough know-how about the regulations associated with federal mortgage as well as the various types. KYN (KNOW YOUR CUSTOMER) As per KYC guideline the RBI has advised banks to follow KYC guidelines of RBI mandates banks to collect three proofs from their customers they are 1 Photograph 2 Proof of Identity 3 Proof of address Accordingly, Axis bank has framed its KYC procedure according to which, a photograph and documentary proof of personal identification and address proof are required t be provided.The account Opening form provides the nature of documents required / procedure to be followed for opening a new account. You may also log in to our website www. axisbank. com for such information which is displayed product-wise. ORGANIZATION STRUCTURE OF AXIS BANK SAVING ACCOUNT INFORMATION Definition: A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing. * TYPE OF SAVING ACCOUNT IN AXIS BANKING * * ZERO BALANCE SAVING ACCOUNT: – At Axis Bank it has been constant endeavor to create products specifically catering to your needs.The account while offering a whole range of services also addresses your latent need of having an account without the hassle of maintaining an average quarterly balance. * FEATURES: – 1. No Average Quarterly Balance requirement 2. Free International Debit Card with an Accidental Insurance cover up to Rs. 2 lakhs* (charges for the primary holder are waived) 3. Free mobile banking facility 4. Access through more than 825 branches and more than 3595 ATMs 5. At-Par cheque facility with the clearing limit of Rs 50,000 6. 24Ãâ€"7 Tele banking & Internet banking . Free quarterly statements 8. Free monthly e-statement * CONDITION APPLY: – 1. Initial funding of Rs. 5,500. 2. Account maintenance fee of Rs. 500 per annum * KRISHI SAVING ACCOUNT (KHETI HO KHUSHAHALI KI): – Axis Bank offers a unique savings account which is easy to operate and allows you to transact immediately. This product has been specially designed keeping in mind the unique requirements of a farmer and true to its nature has been called the Krishi Savings Account. Some of the features of our new product are: * AVERAGE BALANCE REQUIREMENT: –This account is offered with the requirement of maintaining the half-yearly average balance of Rs 1000 only. * INTERNATIONAL MASTER DEBIT CARD: – The Krishi Savings Account entitles you to an International Master Debit Card with which you can access your account an ytime through the Axis Bank ATM network free of cost. This card comes with a cash withdrawal limit of Rs 25,000 per day. Free Accident Insurance cover of Rs 2 lacks. * ANYWHERE BANKING: – Being a Krishi account holder, you are entitled to access our wide network of more than 825 branches and 3595 ATMs across 440 cities.You can now easily carry out your transactions through any of the branches or ATMs. * AT PER CHEQUE BOOK: – Your Krishi Savings Account comes with the At-Par Cheque facility. This facility enables you to en cash the cheques as local instruments at any of the 440 centers where the Bank has its presence, at no extra cost. Moreover, you can also issue cheques at other centers up to the limit of Rs 50,000. * EASSY ACCES SAVING ACCOUNT(BANKING MADE EASY): – * A :Accessibility * C :Convenience * C :Comfort * E :Earnings * S :Speed * S :Service Want a savings account that transcends geographical boundaries?Presenting, Axis Bank's Easy Access Savings Acco unt. The account is an endeavor by the Bank to understand the consumers' needs and redefine banking to suit your requirements for a truly comfortable banking experience. Easy Access Savings Account gives you instant access to your money anywhere, anytime. Possessing a range of unmatched features, it has been devised to better suit the convenience of our eclectic client base. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. ,500 in semi urban centers and Rs. 1,000 in rural centers. * At-par cheque * ATM Network * Anywhere Banking * Tele banking * iConnect * Mobile Banking * Quarterly account statement * Quarterly interest @ 3. 5 % per annum * Free monthly e-statement. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000 in rural centers. * CORPORATE SALARY ACCOUNT: – Our Corporate Salary Power Offe ring is designed to offer payroll solutions through in a 24 X 7 environment.We leverage on our extensive network of distribution channels spread across 450 centers through a network of more than 827 branches and 3595 ATMs besides our superior service delivery model and product features, as a strong differentiator, to provide value to the end user. * BENEFIT TO EMPLOYERS: – * Efficient salary disbursal. Web Upload – Transfer salaries/reimbursements directly from your current account with Axis Bank to your employee's accounts using I Connect from your office. * Single-instruction salary credit – Same day salary credits for all companies having Corporate Account with Axis Bank.Dedicated Relationship Manager at metro locations to understand the financial requirements of your employees. * BENEFIT TO EMPLOYEES: – * No minimum balance criteria. * Unparalleled Access – Anywhere banking facility through our network of Branches, ATM and Internet banking faci lity. * AT Par cheque books payable locally at all Axis Bank locations. * International Debit cum ATM cards with enhanced Cash withdrawal facility and other value add ones. * Online Banking with funds transfer, online shopping and bill payment options. * Depository services with free online trading accounts. Meal Cards on a master card platform. * Employee Reimbursement accounts as a savings account variant. Preferential pricing on loan products and credit cards and other banking products ; services. CURRENT ACCOUNT INFORMATION * CHANNEL ONE: (FOR SUCCESSFUL BUSINESSES) The ‘Channel One’ Current Account is an effort in that direction where we take care of your day to day banking requirements leaving you with more time for your business. Channel One Current Account is most appropriate choice of successful businesses. At a monthly Average Balance (MAB) of Rs. 10 lacks. FEATURES: 1.Relationship Manager 2. Doorstep Banking 3. Anywhere Banking 4. Free Internet Banking 5. Fre e 24 hour Tele banking 6. Mobile Banking Service 7. International debit card 8. cheque Protection Facility 9. Free 24 – hour cheque deposit facility 10. Payment of Government Taxes/ Dues 11. Foreign exchange services. * ZERO HASSLE BALANCE Small businesses rising on the growth graph need the right of nurturing and appropriate solution for their growing banking requirements. Recognizing these needs, Axis Bank present you the Local Current Account geared to answer all kinds of local business requirements.At a monthly Average Balance (MAB) of Rs. Nil. FEATURES: 1. Zero Balance facility 2. 75 free transactions every month 3. Rebate on Annual Charges 4. Up front Annual Fee 5. Mobile Banking 6. ATM cum International Debit Card 7. Free Internet Banking 8. Tele banking 9. Free Monthly Account Statement * BUILDERS AND REAL ESTATE Axis Bank understands the increasing demands on businesses in this segment . Here’s presenting the Axis Bank Builder ; Real Estate Current Account a c urrent account with unparalleled product features built to suit Builders ; Realtors exclusively.This account offers you unmatched convenience while adding financial value to your businesses spread over geographies. . At a monthly Average Balance (MAB) of Rs. 5 Lacks this account comes loaded with special facilities and benefits, most appropriate for your business. FEATURES: 1. Home Branch Cash Deposit 2. Non – Home Branch Cash Withdrawal 3. Free Anywhere Banking 4. Cluster facility 5. Zero Balance account for Vendors and Suppliers 6. Franking Facility 7. Customer cheque printing 8. Internet Banking 9. Free 24-hour Phone banking 0. Mobile Alerts 11. ATM cum Debit Card 12. Free Monthly Account Statement TRAINING AND WHOLE BANKING OPERATIONS * CORPORATES Corporate Banking reflects Axis Bank's strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. We achieve this through innovative product development and a well-integrated approach to relationship management. * Funded Services: Working Capital Finance, Bill Discounting, Export Credit, Short Term Finance, Structured Finance, Term Lending. Non Funded Services: Letter of Credit, Collection of Documents, Bank Guarantees. * Value Added Services: Syndication Services , Real Time Gross Settlement, Cash Management Services, Corporate Salary Accounts, Reimbursement Account, Bankers to Right/Public Issue, Forex Desk, Money Market Desk, Derivatives Desk, Employees Trusts, Cash Surplus Corporate, Tax Collection. * Internet Banking: Supply Chain Management, Corporate Internet Banking. SMALL AND MEDIUM ENTERPRISES At Axis Bank we understand how much of hard work goes into establishing a successful SME.We also understand that your business is anything but â€Å"small† and as demanding as ever. And as your business expands and enters new territories and markets, you need to keep pace with the growing requests that come in, which may lead to purchasing new, or updating existing plant and equipment, or employing new staff to cope with the demand. That's why we at Axis Bank have assembled products, services, resources and expert advice to help ensure that your business excels.Solutions are designed to meet your varying needs. The following links will help you identify your individual needs. Funded Services: Funded Services from Axis Bank are meant to directly bolster the day-to-day working of a small and a medium business enterprise. From working capital finance to credit substitutes; from export credit to construction equipment loan we cater to virtually every business requirement of an SME. Click on the services below that best define your needs Non-Funded Services: Under Non-Funded services Axis Bank offers solutions that act as a catalyst to propel your business.Imagine a situation where you have a letter of credit and need finance against the same or you have a tender and you need to equip yourself with a guarantee i n order to go ahead. This is exactly where we can help you so that you don't face any roadblocks when it comes to your business. The following are the services that will precisely tell you what we can do Business Accounts, Letters of Credit, Collection of Documents, Axis Bank Trade, Guarantees, Cash Management Services, Money Market Desk, Derivatives Desk, Services to Cash Surplus Corporate, Services to Employee Trusts, Bankers to Rights/Public Issue, Tax Collection.Specialized Services: Axis Bank is one of the most trusted entities when it comes to specialized services like selling of precious metals to customers. Under specialized services you can also avail customized control of your value chain through our internet banking platform. Value Added Services: There is a plethora of services that we offer under value added services. There's corporate salary account which ensures smooth payment methods to your staff. You can avail an assortment of credit cards and debit cards from our merchant services.The following are the highlights of this service: Real Time Gross Settlement, Reimbursement Account, Custody Services, Corporate Salary Accounts, Merchant Services, Axis Bank Gold Business Credit Card. Internet Banking: Internet banking is a revolutionary service under the banking sector and Axis Bank is a forerunner in providing you with this service. We provide state-of-the-art payment gateway services to industries and companies in order to ease transaction processing. This in turn enhances the credibility of your business and makes banking extremely cost-efficient.GOVERNMENT SECTOR: Axis Bank acts as an active medium between the government and the customers by means of various services. These services include : * Tax Collection wherein customers can directly pay their taxes like Direct taxes, Indirect taxes and Sales Tax collections at their local Axis Bank * E-Ticketing – Helps the customer by providing him a direct access to book a Railway Ticket onli ne and get it home delivered * * Opening of L/C's is done by the bank on behalf of Government of India, Mints and Presses, thus facilitating imports for the Government. Collection of levies and taxes on behalf of Municipal Corporations i. e. Kalyan -Dombivli Municipal Corporation, is undertaken by the Bank. * Disbursement of Pension to retired Employees of Central Govt and Defense is directly done by Axis Bank along with the disbursement of pension to the members of EPFO (Employees Provident Fund Organization) * Electronic Collection of fees on behalf of DGFT is done by the bank too * Ministry of Corporate Affairs – Collection of ROC fees for the Ministry through authorized Branches and Net Banking.Collection of Property Tax through Selected Branches on behalf of Municipal Corporation of Delhi. FINDINGS AND SUGGESTIONS * FINDINGS: – 1. Bank is having 853 branches all over the country. 2. The number of branches should be increased. * SUGGESTIONS:- 1. Number of Branches should be increased covering a wider area in various states. 2. A wide publicity to be given about the organization and its products through various means of communications to keep growth moments. 3. More number of training and educational programmers’ should be included in Banks schedule. . Developing a learning culture through continuous learning process. COMPETETIORS * ICICI Bank Ltd. * HDFC Bank Ltd. * State Bank of India * HSBC Bank * RBS (Royal Bank of Scotland) * Maharashtra Bank of India * Canara Bank * Andhra Bank * IDBI bank * Bank of India * Punjab National Bank * Central Bank * Allahabad Bank * ING Vysya * Centurion Bank CONCLUSION Axis bank has developed manifold in short period of time due to facilities and services provided to their customer and this growth rate can be keep it up if they start to go in semi-urban areas.In last couple of years they have opened new many branches and they should open many more. The working staffs are very co-operative in nature an d due to that the bank will also get good benefit. Axis Bank has provided their customer Net-banking facilities and due to that transactions are done fast. Charges at Axis Bank are on lower side when we compare it with other Banks BIBLIOGRAPHY SR. NO. | REFERENCE| 1| * A New Beginning : The Turnaround Story Of Indian Bank| 2| * Bank Marketing : Concepts And Applications| | Banking And Finance| 4| Banking Developments in India| 5| Basics of Banking| 6| Bank leaflet and Boucher| 7| Internet| CONTENTS * INTRODUCTION TO AXIS BANK * HISTORY OF AXIS BANK * MANAGEMENT OF AXIS BANK * DEFINITION OF BANK * PRODUCT OF AXIS BANK * CUSTOMER SERVICE IN BANKING OPERATION * TRADITIONAL BANKING ACTIVITIES * ACCOUNTIG FOR BANK ACCOUNT * ECONOMIC FUNCTION * BANKING CHANNELS * TYPES OF INVESTMENT BANK * MORTGAGE BANKING * ORGANISATION STRUCTURE * FINDINGS AND SUGGETIONS * COMPETETIORS * CONCLUSION * BIBLIOGRAPHY