Stop Smoking Essay Example | Topics and Well Written Essays - 1750 words

Stop Smoking - Essay Example Apparently one of the top sellers worldwide are tobacco processing companies. Today and on the past decades, people around the globe felt the addiction of nicotine in cigarettes. Some say they smoke for leisure only, to consume free time, to look cool, or to have something on their mouth to ease salivation, maybe some of them fell to cigarette smoking due to influences by the people surrounding them, and sometimes they smoke only for themselves to feel belongingness to a group. â€Å"So why quit?† one common question mostly thrown by those who smoke to people who is convincing them to stop to. Most smokers, although there are some, do not know what they have been doing to their body and the nature around them by smoking. A person smoking needs to undergo smoking cessation, the process of discontinuing the practice of inhaling smoke, in order to be safe for several health risks and problems in public that may have been caused by smoking. In the U.S. one of five deaths are caused or related to cigarette smoking. The effect of cigarette smoking includes several number of health problems like cancers, lung diseases, heart attacks, strokes and blood vessel ailments, risks to women and babies, or even blindness and death (American Cancer Society). In the late 1990’s, the US CDCP (Centers for Disease Control and Prevention) surveys shows that for every year spent smoking lifespan of a person is decreased. In males there is an average of 13.2 years of life that had been lost by smoking and 14.5 among females. However, people who stop smoking enjoy several health benefits and could live more years than those who keep smoking. Illustration from FakhriRamley.com The picture above illustrates the idea of a cause and effect. The text â€Å"Stop smoking or stop breathing† shown above provides the readers or the viewers the idea to hesitate to smoke. It somehow makes them realize something that may happen unto them upon continuing to smoke, death. The skeleton with a cigarette on its mouth implicates the idea of dying; it is because in general people tend to relate death by skeletons symbolically. It gives the readers/viewers the fear to die and hesitate to smoke. (Illustration from FakhriRamley.com) The colors used in t he above illustration were completely bold and compact. The black and white technique used was to provide emphasis and to conduct a direct focus on the part of the reader/viewer. When you look at the picture, you certainly give your focus on the lit cigarette. It strengthens the presentation of the topic which is smoking mainly. While the big letter â€Å"Q† above strikes the idea to the viewer/reader to quit. It is in a bigger size other than any of the elements found on the illustration above. It represents the range of the topic which is to stop smoking. What You Did. What Must You Do.? The above illustrations convey the presentation of the objective of the topic. The readers/viewers were driven to have the contextual idea or concept of thinking that continuing cigarette smoking could have a very strong impact to their health; that it could cause several ailments and health risks, or even death. The bold colors, sizes and shapes of the pictures provide strong impact on uti lizing the main topic. The technique used was to provide the facts and risks of smoking and to drive the readers/viewers to act accordingly in order to prevent those risks from emerging. Effects of Cigarette Smoking Cigarette smoking†¦ Raises blood pressure Suppresses immune function Reduces stamina May cause gum disease May cause emphysema Wrinkles your skin Very addictive Dulls senses of smell and taste Leads to depression and fatigue May cause heart attacks May cause lung cancer May cause DEATH The information graphics used in this stop smoking topic through the above pictures and table that describes the effects of cigarette smoking and the actions to be done to prevent its effects. Information graphics could provide critical thinking of numbers and analysis process without doing calculations and just

The Bauhaus Research Paper Example | Topics and Well Written Essays - 2000 words

The Bauhaus - Research Paper Example Most of these were political in nature, and this is the difference between the German art of this period, and the one that was being advocated by Walter Gropius. Therefore, the principle of Bauhaus was not political, and this was able to appeal to a large group of people, which in turn led to the embrace of these principles of Bauhaus. Furthermore, the influence of Bauhaus is depicted on the works of William Morris. William Morris denoted that there is no need of creating a boundary between function and form, and art should always carter for the needs of the society. This was a major principle and teachings of art that was advocated by the Bauhaus. Another important achievement of Bauhaus is modernism. Modernism was a cultural movement tracing its origins from the late 1880s. For instance, before the set up of the institution, the principles of functionality, mass production, and the merger of arts, and crafts had began in Germany. These are some of the ideals of Bauhaus. In the year 1907, Deutscher Werkbund, a German national designer’s organization had been formed under the leadership of Herman Muthesius to harness and collect the potentials of mass production with the single aim of maintaining Germans economy in its competitiveness with the English economy. Over the first few years the organization came to be known as the authoritative body on design in within Germany and was emulated by many other countries . The Bauhaus was founded when most of the German designers had moved.

Financial Risk Management in Mauritius Banking Sector

Financial Risk Management in Mauritius Banking Sector During the past 10 years, there have been great changes in the Mauritian banking sector and this is a continuing process that will not stop here. This is mostly because of fast innovations in the financial markets and the internationalization of the financial flows. Other factors like technological development and deregulation have both triggered competitive pressures and also provided new opportunities among banks. But these opportunities are also subject to complex risks that challenge traditional approaches to banking risk management. These factors have influenced the financial world on the international level and the Mauritian banking sector has not been left unaffected. The growth of international financial markets banks have been exposed to a wider access to funds. As a result of which banks have been developing new products, services and techniques. The receipt of deposits and granting of loans, being the traditional banking practice, is today only one part of a banks activities. These new instruments have also drawn interest to areas where financial risks were earlier thought to be relatively unimportant. Hence banks are now exposed to a greater variety of risks and their ability to measure, monitor and steer risks accordingly is becoming a decisive parameter for their survival. The aim of this project is to provide an overview of the management process of financial risks in our Mauritian banking sector as risk is the fundamental element that influences the financial behavior. Banking Risks Banks are faced with a wide array of risks in their course of their operations, as illustrated in the figure below. In general, risks are categorised into three different parts: Financial Risks, Operational Risks and Business Risks. Figure 1: Categories of Banking Risks Banking Risks Financial RisksOperational Risks Business Risks Interest Rate Risk 1) Business Strategy Risk1) Legal Risk. Foreign Exchange Risk 2) Internal System and Operational Risk 2) Policy Risk. Credit Risk 3) Technology Risk 3) Systemic Liquidity Risk 4) Management and Fraud (Country) Risk. Source: Annual Report on Banking Supervision 2000 BOM Financial risk concern the effective management and control of the finances of an organisation and the effects of external factors such as availability of credit, foreign exchange rates, interest rate movement and liquidity risk. For this project only the financial side of Risk Management is going to be considered. Focus will be on the four main types of risks which are: Interest rate Risk is the risk borne by an interest-bearing asset, for example in this case a loan, due to variation in interest rates. Foreign Exchange Risk is a form of risk that crop up due to the change in price of one currency against another. Credit Risk is the risk of loss due to a debtors non-payment of a loan. Liquidity risk is the risk to earnings arising from a banks inability to meet its obligations when they come due. Operational risks are related to a banks overall organisation and functioning of internal systems, including computer-related and other technologies, conformity with bank policies and procedures and measures against mismanagement and fraud. Although these types of risks are important, emphasis will not be put on them in this project. Business risks are associated with a banks business environment, including the macroeconomic and policy concerns, legal and regulatory factors and the overall financial sector infrastructure and payment system. Outline of Chapters Chapter 2:Literature Review This chapter will focus on previous studies and surveys carried out with respect to financial risks encountered by banking institutions around the world. It will also focus on the different techniques used to manage these types of risks. Chapter 3:Overview of the Mauritian Banking Sector This chapter aims at giving an overview of the current Mauritian banking sector and also information pertaining to risk management. Chapter 4:Research Methodology In this chapter an outline of the methods used to collect data and carry out the research is given. The way in which the interview questions have been set and how the data has been analysed using different techniques. Chapter 5: Presentation of findings and Analysis This chapter which is the main one aims at presenting and explaining the answers received from the different interviews and data from the annual reports of banks, in a structured way. Chapter 6: Recommendations and Conclusion This last chapter consists of the suggestions regarding financial risk management for the Mauritian banking sector and also the answer to the main question. 2. LITERATURE REVIEW 2.1 Defining Financial Risks Financial risks in the banking field are the probability that the result of an action or event could bring up unfavorable impacts. Such outcomes could either cause direct loss of earnings or capital or may result in limitations on banks capacity to meet its business objectives. Such constraints pose a risk as these could influence a banks capacity to perform its ongoing business or to take advantage of opportunities to advance its business Risks are frequently defined by the negative impacts on profitability of numerous separate sources of uncertainty. While the types and degree of risks of an organization may be exposed to depend upon a number of factors such as its size, complexity business activities, volume etc, it is believed that generally the banks face Credit, Market, Liquidity, Operational, Legal and Systemic risks etc. 2.2 Definition of Financial Risks as Per Basel II The role of risk management in banking has changed from the simple insurance of identified risks, to a discipline that concentrates on complex econometric and financial model of uncertainty. Financial risk management has been defined by the Basel Committee (2001) as a sequence of four processes: the identification of events into more or broad categories of market, credit, operational and ‘other risks and specific sub-categories; the assessment of risks using data and a risk model; the monitoring and reporting of the risk assessments on a timely basis; and the control of these risks by senior management. The first Basel Accord (1988) analysed only credit risks in the banking book; the Basel Amendment (1996) extended this to market risks in the trading book; and now the new Basel 2 Accord that will be adopted by all G10 and many other countries in 2007 refines credit risk assessments to become more sensitive and extends the calculation of risk capital to include operational risks. 2.3 Distinction between Risk Management and Risk Measurement? Risk measurement is a key part of the general risk management process, but its certainly just one of the parts. Other, similarly key parts include defining risks, setting policy risk limits and guidelines, and taking action when those limits are threatened of being breached. Risk management is as much about people, procedures, and communication, as it is about quantitative methods involved in risk measurement (Suren Markosov, 2001). Risk measurement, however, is important to the success of the risk management process. Part of the risk measurement task is to guarantee that the risk measures being used are suitable to the nature of the risks, and since these risks can be quite various in nature, so can the necessary choices of risk measures. 2.4 Why do Banks manage Risks? The analysis of risk management reported in Santomero (1995) gives us a lists of dozens contributions and at least four separate rationales considered for active risk management. These include managerial self-interest, the non-linearity of the tax structure, the costs of financial distress and the existence of capital market imperfections. Risk is a fundamental part of the banking business, it is not amazing that banks have been using risk management ever since there have been banks the industry could never have survived without it. The only modification is the degree of sophistication now necessary to reflect the new complex and fast moving environment (Laurence H Meyer, 2000). The Asian financial crisis of 1997 has shown us that ignoring necessary risk management can also add to economy-wide difficulties. The long period of extraordinary economic growth and prosperity in Asia had hidden weaknesses in risk management. Many Asian banks did not think about risk or conduct a cash flow analysis before giving way loans, but rather lent on the basis of their relationship with the borrower and the availability of guarantee despite the fact that the security was often hard to seize in the event of default. The result was that loans including loans by foreign banks grew faster than the capacity of the borrowers to repay. Risk management is clearly not free. In fact its expensive in both resources and in institutional disturbance. The cost of delaying or avoiding proper risk management can be extreme: failure of a bank and possibly failure of a banking system (Laurence H Meyer, 2000). 3.4 Determinants of Risks When banks are exposed to risk, this implies that they are vulnerable to financial distress and failure. Determinants of risk are thus causes of problem bank failure. The common causes of bank failure are: Management. Argenti (1984) attributed 17% of his A-scores to management style and composition. He attributed another 71% to accounting deficiencies, poor response to change, over-gearing, over trading and large projects; all of which hinge upon capabilities of management. Arguments that he put forward was that management is the primary and single most important cause of financial distress. Asset quality Loan and advances comprise a substantial portion (50%-80%) of commercial banks total assets and they account for more than 70% of their income. This highlights the banks role as financial intermediary. â€Å"Asset quality is the most important determinant of bank risk exposure†. This was pointed out by Hefferman (2000), Gonzalex-Hermossilo (1999), and Hardy (1998). The asset quality of a bank is affected by various factors such as, over concentration, insider lending and political loans. Over-Expansion Banks that grow quickly tend to have unjustified risks and often find that their administrative and management information system cannot keep up with the rate of expansion. Too much liquidity by way of rapid deposit growth could also be a problem in that management may undertake riskier credit proposals and this will adversely affect the asset quality. Capitalization Capital adequacy ratio is a function of adjusted risk assets. A bank can either maintain this ratio by increasing its capital or reducing of adjusted risk assets. The prime objective of this control is to protect depositors. However Blum (1998) found that with the incentives for asset substitution, capital adequacy requirements may actually increase risk. This was found in the case of J.P Morgan and Deutsche Bank. In Mauritius the BOM has adopted a capital adequacy ratio of 10% to match international standards. Fraud Fraud is one of the key determinants of risk. However it is closely related with the management competence that some fraudulent activities have passed off as incompetence. The BCI and Barings Bank are good examples. 2.5 HOW ARE RISKS MANAGED? As pointed out by Anthony M. Santomero (1997) there need to be essential procedures that must be put in place to carry out satisfactory risk management? In essence, what techniques are employed to both limit and manage the different types of risk, and how are they implemented in each area of risk control? The management of the bank relies on a series of steps to put into operation a risk management system. These can be seen as containing the following four parts: 2.5.1 Standards and reports, 2.5.2 Position limits or rules, 2.5.3 Investment guidelines or strategies, 2.5.4 Incentive contracts and compensation. In general, these tools are used to measure exposure, define procedures to manage these exposures, limit individual positions to acceptable levels, and encourage decision makers to manage risk in a manner that is consistent with the firms goals and objectives (Oldfield and Santomero, 1995). To see how each of these four parts of basic risk management techniques achieves these ends, we elaborate on each part of the process below. 2.5.1 Standards and Reports The first of these risk management techniques involves two unlike conceptual activities, i.e., standard setting and financial reporting (Santomero and Babbel, 1996). They are listed jointly because they are the sine qua non of any risk system. Underwriting standards, risk categorizations, and standards of review are all traditional tools of risk management and control. Consistent evaluation and rating of exposures of various types are essential to understand the risks in the portfolio, and the degree to which these risks must be mitigated or absorbed (Hodgson, 1999). The consistency of financial reporting is the next ingredient. Obviously outside audits, regulatory reports, and rating agency evaluations are necessary for investors to measure asset quality and firm level risk. These reports have long been standardized, for better or worse. However, the need here goes beyond public reports and audited statements to the need for management information on asset quality and risk posture. Such internal reports need similar standardization and much more frequent reporting intervals, with daily or weekly reports substituting for the quarterly GAAP periodicity. 2.5.2 Position Limits and Rules The use of position limits, and minimum standards for participation can be categorized as a second method for internal control of active management. According to Santomero (1995) risk taking is restricted to only those assets or counterparties that pass some prespecified quality standard. Then, even for those investments that are eligible, limits are compulsory to cover exposures to counterparties, credits, and overall position concentrations relative to various types of risks. While such limits are costly to set up and control, their imposition restricts the risk that can be assumed by any one individual, and therefore by the organization as a whole. In general, each person who can commit capital will have a well-defined limit. This applies to traders, lenders, and portfolio managers. Summary reports show limits as well as current exposure by business unit on a periodic basis. In big organizations with thousands of positions maintained, precise and well-timed reporting is difficult, but even more necessary (Lopez, 2003). 2.5.3 Investment Guidelines and Strategies Investment guidelines and recommended positions for the instant future are the third technique commonly in use. Cummins et al (1998) provide that under this means of management control, strategies are shaped in terms of concentrations and commitments to particular areas of the market, the extent of desired asset-liability mismatching or exposure, and the need to hedge against systematic risk of a particular type. The limits described above show the way to passive risk avoidance and diversification, because managers generally work within position limits and prescribed rules. Beyond this, guidelines offer firm level advice as to the appropriate level of active management, given the state of the market and the willingness of senior management to absorb the risks implied by the combined portfolio. Such guidelines lead to firm level hedging and asset-liability matching. In addition, securitization and even derivative activity are rapidly growing techniques of position management open to participants looking to reduce their exposure to be in line with managements guidelines. 2.5.4 Incentive Schemes Banks can enter incentive compatible contracts with line managers and make compensation linked to the risks assumed by these individuals, and then the need for complex and costly controls is decreased. However, such incentive contracts require precise position valuation and proper internal control systems. Such tools which include position posting, risk analysis, the allocation of costs, and setting of required returns to various parts of the organization are not irrelevant. Despite the complexity, well designed systems align the goals of managers with other stakeholders in a most desirable way. In fact, most financial debacles can be traced to the absence of incentive compatibility, as the cases of the deposit insurance and so clearly illustrate. The association of managerial compensation to book earnings can bring about acquisition of investments with negative convexity, duration mismatch risk, liquidity risk and credit risk, whose book profits are higher than their expected return (Cummins et al., 1998). STRATEGIES USED BY BANKS TO MANAGE RISKS INTEREST RATE RISK All banks face interest rate risk. This type of risks occurs when long term mortgages are funded by short term deposits. Interest rate risk is like the â€Å"blood pressure for banks and is vital for their survival.†(Ron Feldman and Jason Schmidt) Furthermore, according to the Basel Committee (2001) â€Å"interest rate risk is the exposure of a banks financial condition to adverse movements in interest rates. Accepting this risk is a normal part of banking and can be an important source of profitability and shareholder value.† According to the Bank of Jamaica each banking institution needs to establish explicit and prudent interest rate risk limits, and ensure that the level of interest rate risk exposure does not exceed these limits. Interest rate risk limits need to be set within an institutions overall risk profile, which reflects factors such as its capital adequacy, liquidity, credit quality, investment risk and foreign exchange risk. Interest rate positions should be managed within an institutions ability to offset such positions if necessary. Gap analysis, duration analysis and stimulation models are interest rate risk measurement techniques used by the Bank of Jamaica (2005). Each technique provides a different perspective on interest rate risk, has distinct strengths and weaknesses, and is more effective when used in combination with another. Gap Analysis A simple gap analysis measures the difference between the amount of interest-earning assets and interest-bearing liabilities (both on- and off-balance sheet) that reprice in a particular time period. Duration Analysis Duration is the time-weighted average maturity of the present value of the cash flows from assets, liabilities and off-balance sheet items. It measures the relative sensitivity of the value of these instruments to changing interest rates (the average term to repricing), and therefore reflects how changes in interest rates will affect the institutions economic value, that is, the present value of equity. In this context, the maturity of an investment is used to provide an indication of interest rate risk. The longer the term to maturity of an investment, the greater the chance of interest rates movements and, hence, unfavourable price changes. Simulation Models Simulation models are an important complement to gap and duration analysis. Simulation models analyse interest rate risk in a dynamic context. They evaluate interest rate risk arising from both current and future business and provide a way to evaluate the effects of strategies to increase earnings or reduce interest rate risk. Simulation models are also useful tools for strategic planning; they allow a banking institution to effectively integrate risk management and control into the planning process. FOREIGN EXCHANGE RISK It is the current risk to earnings and capital arising from negative movements in currency exchange rates. It refers to the impact of adverse movement in currency exchange rates on the value of open foreign currency position. The use of hedging techniques by the Bank of Jamaica is one means of managing and controlling foreign exchange risk. Many different financial instruments can be used for hedging purposes, the most commonly used, being derivative instruments. Examples include forward foreign exchange contracts, foreign currency futures contracts, foreign currency options, and foreign currency swaps. Generally, few banks will need to use the full range of hedging techniques or instruments. Each bank should consider which ones are necessary for the nature and extent of its foreign exchange activities, the skills and experience of trading staff and management, and the capacity of foreign exchange rate risk reporting and control systems. CREDIT RISK Credit risk is the oldest and important risk which banks exposure and important of credit risk and credit risk management are increasing with time because of some reasons like economic crises and stagnation, company bankruptcies, infraction of rules in company accounting and audits (Dr.Adem Anbar, 2006). For the Norinchukin Bank in Japan (2006), transactions involving credit risk are one of the most important and strategic sources of earnings. In addition to assessments of the risks present in individual loans and other assets, the bank conducts comprehensive risk management from the perspective of its overall credit risk portfolio. In this way, the bank works to generate earnings proportionate with the level of credit risk it takes. While frequently strengthening its credit analysis capabilities, the bank conducts expert checks on the standing of borrowers, taking due account of their characteristics as cooperatives, private corporations, public entities, or non-residents. To conduct credit analysis on private corporations and public corporations, the bank has established the Credit Risk Management Division, which is separate from the Corporate Business Management Strategy Division, to prepare credit analyses by industry, drawing fully on the expertise the bank has historically acquired. To achieve greater accuracy in assessments, each senior credit analyst in charge of a certain industry assesses each client and business through comparisons with competitors in the same business, making use of industry research capabilities. Credit risk is measured for loans, guarantees, foreign exchange and securities, such as corporate bonds, as well as for swaps and other off-balance transactions. Measurement of risk volumes are conducted according to types of transactions partners, including domestic and overseas corporations and financial institutions. Based on estimates of the total credit extended, the bank uses information related to credit risk— such as rating transition ratios that measure the probability of rating changes and are computed based on background history and future business prospects, default ratios by rating, recovery ratios in the event of default and correlations among the creditworthiness of corporations and other entities to conduct tens of thousands of simulated scenarios, under various assumptions regarding defaults and rating changes for its customers and their products—to determine the distribution of potential losses. For the estimated potential losses, the bank calculates two risk volumes: the â€Å"expected loss† that corresponds to the loss that can be expected on average over the next year and the â€Å"probable maximum loss,† which is defined as losses that can be expected under the worst case scenario. This enables the bank to check expected profitability against risk and determine the risk capital to be allocated for each business category. LIQUIDITY RISK Liquidity risk is the risk that could occur if an institution does not have enough funds accessible to meet all its cash outflow obligations as they become due. Liquidity risk management ensures that funds will be available at all times to honour the institutions obligations (Bank of Mauritius). A liquidity risk management involves not only analyzing banks on and off-balance sheet positions to forecast future cash flows but also how the funding condition would be met (Bank of Pakistan). The latter involves identifying the funding market the bank has access, understanding the nature of those markets, evaluating banks current and future use of the market and monitor signs of confidence erosion. Banks use a variety of ratios to quantify liquidity. These ratios can also be used to create limits for liquidity management. However, such ratios would be meaningless unless used regularly and interpreted taking into account qualitative factors. Ratios should always be used in conjunction with more qualitative information about borrowing capacity, such as the likelihood of increased requests for early withdrawals, decreases in credit lines, decreases in transaction size, or shortening of term funds available to the bank. To the extent that any asset-liability management decisions are based on financial ratios, a banks asset-liability managers understand how a ratio is constructed, the range of alternative information that can be placed in the numerator or denominator, and the scope of conclusions that can be drawn from ratios. Because ratio components as calculated by banks are sometimes inconsistent, ratio-based comparisons of institutions or even comparisons of periods at a single institution can be misleading. Cash Flow Ratios and Limits. One of the most serious sources of liquidity risk comes from a banks failure to roll over a maturing liability. Cash flow ratios and limits attempt to measure and control the volume of liabilities maturing during a specified period of time. Liability Concentration Ratios and Limits. Liability concentration ratios and limits help to prevent a bank from relying on too few providers or funding sources. Limits are usually expressed as either a percentage of liquid assets or an absolute amount. Sometimes they are more indirectly expressed as a percentage of deposits, purchased funds, or total liabilities. Other Balance Sheet Ratios. Total loans/total deposits, total loans/total equity capital, borrowed funds/total assets etc are examples of common ratios used by financial institutions to monitor current and potential funding levels. EMPIRICAL EVIDENCE ON FINANCIAL RISK MANAGEMENT TECHNIQUES USED BY BANKS CREDIT RISK MANAGEMENT Credit operations are traditionally the main source of income as well as risks for banks. I am going to elaborate on the result and analysis of market central bank meeting participants carried out by Ramon Moreno in 2005. It was found that 40% of the respondents to his survey cited credit to household as an important source of credit risk. According to Moreno, a distinct increase in credit to the household sector has altered risk exposures and he also found that in some countries there is significant credit risks on the banking book associated with asset price fluctuation for example lending for residential real estate accounts for around 25% of total loans in Hong Kong and Korea, around 19% in Hungary, Poland and Israel, but lower in Colombia and Mexico. Another study carried out by Santomero in 1997 found that banks usually use a credit rating procedure to evaluate investment opportunities in order for credit decisions to be made in a consistent manner and to limit credit risk exposure. By using such a procedure banks were able to monitor the quality of its loan portfolio at any time. It was found that the credit quality report signals changes in expected loan losses, if the system is meaningful. Also many banks are starting to develop concentration reports, indicating industry composition of the loan portfolio. Moody had developed a system of 34 industry groups that may be used to report concentrations. Reports such an industry grouping to illustrate the kind of concentration reports that are emerging as stand in the banking industry. Moreover a credit risk survey study was done in the Turkish Banking by Dr Adem ANBAR, where he found that there is main quantitative credit risk measurer. There are expected loss (EL), unexpected loss (UL) and credit value at risk (CVAR). Although these credit risk measures are used for measuring credit risk of one asset, particularly they are used for measuring portfolio credit risk. Only 35% of the bank used these measures. According to Dr Anbar, 30% of the banks said they measured credit risk using a portfolio credit risk model and software developed mostly by them. Furthermore 95% of the bank used internal credit rating system and a credit scoring model in credit risk analysis. This technique was used to determine credit limits, to determine problematic credit and credit risk measurement. According to the study there are 3 approaches in Basel II for credit measurement. These are Standardised Approach (SA), Foundation Internal Ratings Based Approach (FIRBA), and Advanced Internal Rating Based Approach (AIRBA). It was found that 60% of the banks used the first method and 20% the FIRBA and 20% the AIRBA. Dr Anbar found that in general the tools which are used by Turkish banks are collateral, credit limits and diversification but they dont use methods like loan selling, securitization, credit insurance for transferring credit risk. One reason for that was that these types of methods havent been developed in Turkish sector yet. INTEREST RATE RISK MANAGEMENT The tradition has been for the banking industry to diverge somewhat from other parts of the financial sectors in the treatment of interest rate risk. According to Santomero (1997) institutions that do not have active trading businesses, value-at-risk has become the standard approach. Many firms use this model but in some cases it is still in an implementation process. According to his analysis, commercial banks tend not to use market value reports and guidelines but rather, their approach relies on cash flow and bank values. This system has been traditionally been known as the GAP reporting system. This system has been supplemented with a duration analysis. (Hempel, Simonson and Coleman, 1994) Most banks, however have attempted to move beyond this gap methodology, they have concluded that the gap and duration reports are static and do not fit well with the dynamic nature of the banking market. Furthermore, according to the survey, many banks are using balance sheet simulation models to find the effect of interest rate variation on reported earnings overtime. This system requires relatively informed repricing schedules as well as estimates of prepayments and cash flows. The simulation system being completed, reports the resultant derivations in earnings associated with the rate scenarios considered. Officials then make use of cash, futures and swaps to reduce this risk. 2.7.3 LIQUIDITY RISK MANAGEMENT The liquidity risk that does present a real challenge is the need for funding when and if a sudden crisis arises. Standard reports on liquid assets and open lines of credit, which are germane to the first type of li

Adavantages of Management Accounting Information

Advantages of management accounting information The provision of management accounting information are for the intention of planning, control and decision making which may contribute to the success of an organization. Management accounting is the process of gathering information about economic activity that will be advantageous for the organization.For the planning of an organization, the manager can use the historical, present and future information obtained from management accounting which based on the organization’s situation and position in predicting organization’s future needs, setting clearer objective and implementing specific strategies that can bring achievement to the organization. After interpreting relevant management accounting information provided, it will be more efficient for the organization to apply and realize their planning and objective that had been set earlier.For the planning of an organization, the manager can use the historical, present and fu ture information obtained from management accounting which based on the organization’s situation and position in predicting organization’s future needs, setting clearer objective and implementing specific strategies that can bring achievement to the organization. After interpreting relevant management accounting information provided, it will be more efficient for the organization to apply and realize their planning and objective that had been set earlier.Management accounting able to assists the manager in controlling organization’s cash flow and improve financial stability which included the costs and business operational expenses. With the management accounting information obtained, the manager is able to review the cost of economic resources and other business operations. Therefore, the manager is clearer and familiar with the estimation of cost needed to run the business. Manager can analyze the quality of economic resources consumed in producing goods by us ing the management accounting information.As an example, if the overall quality of product would not be affected significantly by replacing with cheaper raw material, the manager can change towards a reduction of production costs. Budgeting is considered as major part of management accounting. To create an effective financial plan with lower operational expenses, manager able to analyze necessary and unnecessary business expenses based on the budget plan obtained from management accounting information in the pathway of saving money for the organization. In ontrast, there is also some limitation of management accounting information which based on financial and cost accounting. The interpretation of financial information usually depends on the interpreters’ judgments. The accuracy of decision mostly will be affected by their personal bias or prejudices. Manager usually uses management accounting information as a decision-making tool. This is because management accounting inform ation consists of specific and accurate details related to different competitors, market and industry the organization involved.With the analyzed data such as competitive advantages, consumers’ demand, potential sales and consumers’ response to price change, manager is able to make decision among all other business opportunities. In contrary, there are some limitations of the management accounting information. The quality of the information is restricted with the proper understanding and knowledge of the management accountants who provided the information.They may be lack of knowledge in related subject such as Statistic and economics, thus it will lead to inaccurate management accounting information. In conclusion, it is foreseeable that management accounting information is important and can be known as a business tool for the organization although it may has some limitations. But, it can also overcome by applying expertise and professional training for every level of management in the organization.Therefore, the information still able to assists in internal operation management of an organization. Furthermore, all decisions of the organization rely heavily management accounting information due to the reason it identifies all the factors that will affect the organization to succeed. ABMC 2023 MANAGEMENT ACCOUNTING FUNDAMENTALS TUTORIAL GROUP: 2DAC4 WORD COUNT: 2997 NAME| STUDENT ID| KHOR SEONG SENG| 11PBD05485| KHOR PEI CHIEN| 11PBD03114| KHOR SHER LEE| 11PBD06416| ONG KAR SIN| 11PBD03057| YE YUN SHENG| 11PBD04700|

Top Topics for a Short Essay for Older Writers Reviews!

Top Topics for a Short Essay for Older Writers Reviews! Up in Arms About Topics for a Short Essay for Older Writers? You are unable to compose an essay if you don't experience an idea about what purpose that you want to pursue. Even though you may not use all the sources you'll find, read a great deal of material so that you can quickly formulate an essay based on an excellent notion, with supporting evidence. Assess the significance of omission for a technique in the job of two short story writers you have studied on the training course. This example demonstrates that even for an engineer with years of experience in the area, the basics of private essay writing remain the exact same. To begin, make sure you have interpreted the question correctly. The omission inside this question appears to refer to two unique techniques in writing, each of which are quite beneficial to and prevalent in the brief story genre. The topic ought to be interpreted in a variety of ways, and there's no obvious explanation for it. It has to be centered on the major issue. There isn't a cure for curiosity. A child should be loved and provided for in the easiest way possible and that's where adoption comes in and helps children. In spite of the shortness, the topic has to be reflected as large as it's possible. Women's health issues topics provide an assortment of research subjects. The Hidden Treasure of Topics for a Short Essay for Older Writers You don't need to stick to the guidelines you describe though adding personal touches might win you some more points. Utilizing personal experiences is frequently a great idea. You might find that lots of the topics can be adapted to suit almost any type of writing assignment. Be aware the key points and ideas. If you would like to be part of the group, you must step about your principles. Before you join a writers association or organization, be certain to ask a good deal of questions to ensure that the group is right for you! Dwell on your target and make a decision as to what information you are likely to cover in every one of them. If you are in need of a website that will supply you with an all-inclusive collection of samples, then you're at the appropriate place. Short essay As a high school student, learn how to compose a brief essay well High school might be a breeze if you had the proper type of professionals to assist you in your academic tasks. The introduction needs to be catchy. Characteristics of a quick essay Whether it's a short or a long one, these are the elements of all essays. Let's figure out some suggestions that can help you to receive higher grades. It's a practical exercise before writing your upcoming thesis. If you wish to locate national writing associations, look no more! Writing is a rather strong tool. Utilize plagiarism, completely free grammar check, never submit an essay that is not correctly edited. Thus, there are various ways an essay can be written. You may think that writing a brief essay is a simple job. Making an essay isn't an easy job. Of all Of the varieties of essay, writing a quick essay may appear to be the easiest. Before starting an essay, it is necessary to understand what you're writing for. Short essays, as its name implies, needs to be concise and succinct. There're various kinds of essay topics that you may pick from for your essay. You are unable to compose an essay if you don't have a notion of what things to write about. As far as you are able to see, there are plenty of great essay topics based on ageing. Along with that, you're want to locate a topic for your essay. Following that, you would want to choose the subject of your essay.

A Case Study Traumatic Brain Injury - 2029 Words

A Case Study: Traumatic Brain Injury Jennifer Buechler University of San Diego Traumatic Brain Injury Introduction Traumatic brain injury, or TBI, occurs when there is a sudden, direct injury to the head. This type of wound can result from a bump, blow, or jolt to the cranium. It may even result from the penetration of a foreign object into the brain tissue. Most TBI’s result from car accidents, sports injuries, blunt trauma, unintentional injuries and falls, with falls accounting for about 40% of all TBI injuries. Much like stroke patients, individuals suffering from traumatic brain injuries may have to live with a variety of detriments based on the location and extent of their injury. For example, patients can experience impaired sensation, vision, hearing, memory, processing skills or even emotional and behavioral functioning (Injury Prevention Control: Traumatic Brain Injury.†) The purpose of this paper is to provide information regarding the pathophysiology, treatment and medical management of traumatic brain injuries, as well as to educate health care providers of the a dditional ways in which support can be provided to both patients suffering from these types of injuries and their families. A case study will be supplied to facilitate discussion of the topic. Pathophysiology The pathophysiology of traumatic brain injuries can be slightly different depending on the type of injury that has occurred. For example, injuries can result fromShow MoreRelatedSymptoms And Symptoms Of A Concussion1312 Words   |  6 Pageslong-term brain damage and cognitive impairment later in life. A concussion is a subset of a Traumatic Brain Injury (TBI) and results from shaking the brain within the skull. The American Association of Neurological Surgeons (the â€Å"AANS†) has defined a concussion as â€Å"a clinical syndrome characterized by an immediate and transient alteration in brain function, including an alteration of mental status and level of consciousness, resulting from mechanical force or trauma.† (Sports-related Head Injury) TheRead MorePhineas Gage Suffers a Traumatic Brain Injury1289 Words   |  6 Pagesfrom a traumatic brain injury. While working at a railroad site, an iron tamping rod (43 inches long, 1.25 diameter) went through his left cheek , through his brain, and out the skull. He surprisingly ended up surviving this traumatic injury. After a month in the hospital, he was back out on the street. Once a nice, caring person, Phineas turned into an aggressive man who could not even keep a job. Just like Phineas Gage, a TBI can potentially change everything. Brain studies on traumatic brain injuriesRead MoreTraumatic Brain Injury Essay1284 Words   |  6 Pages Traumatic brain injury (TBI) is the result of an external force against the head that causes displacement of the cranial structures, either through impact with an object or through acceleration and deceleration. TBI is not isolated to a single ethnic group, socioeconomic class, or region (Berquist et al., 2009; Jang et al., 2013). In 2002, the United States had the highest incidence of reported TBI cases of any developed country. The incidence of hospital admissions due to closed head injuriesRead MoreTraumatic Brain Injury Issues Regarding Causes, Symptoms, And The Public s Awareness1304 Words   |  6 Pages Traumatic Brain Injury Issues Regarding Causes, Classifications, Treatment, Symptoms, and the Public’s Awareness Camilo J. Montoya Thomas Nelson Community College Traumatic Brain Injury Issues Regarding Causes, Classifications, Treatment, Symptoms, and the Public’s Awareness Research Findings: Traumatic Brain Injury (TBI) has continually garnered concern from the public. Effects of a TBI range from headaches to loss of motor functions in more severe cases. Normally when one hears thatRead MoreSelf Reported Pain And Pain Management Strategies Among Veterans With Traumatic Brain Injury1593 Words   |  7 Pages The authors of the pilot study all have remarkable educational backgrounds. To begin, with, I discovered P.R.King, G.P. Beehler, and M.J.Wade all had limited amount of experience due to only writing one or two articles that were published, but King Beeler, and Wade all have PHD’s. The article was clearly identified as a quantative study by the authors using a pilot study. The variables of the study are the self-reported pain and pain management strategies. The study was gathered included a groupRead MoreA Traumatic Brain Injury 1708 Words   |  7 PagesA traumatic brain injury (â€Å"TBI†) occurs when the brain is somehow injured, rattled, or wounded from an external source of force. The means of acquisition and the severity of TBIs are unique to each patient; therefore, symptoms and rehabilitation can vary greatly depending on the patient’s condition following the incident and how they sustained the injury. The severity of a TBI is generally classified into one of three categories: mild, moderate, or severe, and this type of diagnostic criteria influencesRead MoreLong Term Effects Of Concussions On Athletes1489 Words   |  6 Pagesrecollection of the murder-suicide case executed by the 25 year old football player paints him as a monstrous an d willfully violent man but what if one was to acclaim all of these fatal incidents to too many bumps in the head? Well it has been. Years after this incident, after medical examiners conducted an autopsy on Belcher and they found that his brain showed signs of CTE, chronic traumatic encephalopathy, a disease caused by repetitive traumatic head injuries, also denoted as concussions. ThereRead MoreThe Study Of The Pilot Study All Have Remarkable Educational Backgrounds1607 Words   |  7 PagesThe authors of the pilot study all have remarkable educational backgrounds. To begin, with, I discovered P.R.King, G.P. Beehler, and M.J.Wade all had limited amount of experience due to only writing one or two articles that were published, but King Beeler, and Wade all have PHD’s. The article was clearly identified as a quantitive study by the authors using a pilot study. The variables of the study are the self-reported pain and pain management strategies. The study was gathered, included a groupRead MoreEssay On Traumatic Brain Injury1030 Words   |  5 PagesAbstract Patients who present with a traumatic brain injury (TMI), are at greatest risk of developing respiratory distress syndrome (RDS), which increases their death rate. The study of this article is to show the comparison of respiratory mechanics and the death rate with patients who present with a TMI and RDS with those patients who have RDS without a TMI, but other medical causes of the RDS. This study was performed in a 14-month period in a general intensive care and teaching unit in BrazilRead MoreTraumatic Brain Injuries772 Words   |  4 PagesEffects may be long term or short term, depending on the gravity of the incident. Traumatic Brain Injury (TBI) is a serious public health problem in the United States. Based on recent studies, on average, 1.7 million people endure a traumatic brain injury each year. The leading causes of Traumatic Brain Injuries are falls, motor vehicle accidents, struck by or against objects, and assaults. The initial blow causes the brain to bounce around and twist hitting the bony interior wall of the skull or an

Child Study Report - 1887 Words

Child Study Report Introduction Early childhood educators play an important role in observing, recognizing, and supporting children’s development (Charlesworth, 2014). In this report, child E has been chose to be observed with different observing methods including running record, anecdotal record and learning story. Child E is a 3 years old boy. His father is a New Zealander, and his mother is from China. He is the only child in his family. Child E dose not speak Chinese but only English, this is due to the reason that both his parents speak English at home and his mother does not want him to learn Chinese. Child E was born in New Zealand and he dose not know much about Chinese cultural. He attends at the center five days per week. His†¦show more content†¦A child’s family vale and believe will influence the child. For instance, in observation two, child E left all the vegetables and only ate the rice and meat. Teachers already talked to his mother about this, and his mother believes the chil d know what to eat or not. She dose not want to encourage him to eat more vegetables. Instead, she asked teachers to give child E more meat. I also found that in the morning, when child E’s mother drops him at the center, E often has a chocolate muffin or other food high in sugar and fat as his breakfast. A current New Zealand research (Theodore, Thompson, Wall, Becroft, Robinson, Clark, Pryor, Wild Mitchell, 2006) found that an unhealthy diet would lead problems like diabetes, obesity, asthma and heart disease in young children, which will influence them a life-long time. Also, an unhealthy and unbalanced diet would cause undernourished problem of children. It has a huge impact on children’s physical development (Berk, 2013). The physical development is closely associated with other development domains. In terms of cognitive development, while children develop their fine and gross motor skills, the brain is stimulated and developed as well (Gordon Browne, 2014). Take observation three as an example, while child E was finding his balancing with the motor skills, he also used his brain to control his gross and fine motor. Moreover, in the activity, he also used words like ‘move’ and ‘stop’ with his physical movements.Show MoreRelatedChild Protective Services Essay1299 Words   |  6 PagesChild Protective Services For 30 years, advocates, program administrators, and politicians have joined to encourage even more reports of suspected child abuse and neglect. Their efforts have been successful, with about three million cases of suspected child abuse having been reported in 1993. Large numbers of endangered children still go unreported, but a serious problem had developed: Upon investigation, as many as 65 percent or the reports now being made are determined to be unsubstantiatedRead MoreHow Stressful Life Experiences Affect A Child s Emotional Development Essay1655 Words   |  7 PagesThis annotated bibliography covers six journal, reports and articles associated with the subject of how stressful life experiences can affect a child’s emotional development, what role the schools play in a child’s emotional development and how there is a need for the Department of Education to commission a sector body to develop a framework of core content for initial teacher training (ITT), wh ich should include child and adolescent development. A child’s emotional development is a complex, multifacetedRead MoreParent Child Agreement On Reports Of Child Exposure On The 9 / 11 World Trade Center Attack Essay1718 Words   |  7 PagesParent-child agreement on reports of child exposure to the 9/11 World Trade Center attack Mass traumatic events including natural and manmade disasters affect a significant proportion of the world population each year (The International Disaster Database http://www.emdat.be/, Global Terrorism Database https://www.start.umd.edu/gtd/, Shulz 2014 Mass Shootings ). In the United States an estimated 14% of children and adolescents have experienced one or more natural or human caused disaster (Beckler-BleaseRead MoreParental Beliefs : Preventive Measures For Childhood Obesity973 Words   |  4 Pageswhile it has been identified that parental support of health promoting behaviors can impact positively on child overweight and obesity, research shows that parents may not recognize the detrimental health consequences of their children being overweight. Huang (2009) also reports that parents often feel confused by numerous strategies for addressing childhood obesity problems. Dyson (2008) reports that family is the primary source impacting children. Parents are significant i n informing schools andRead MoreBackground And Consequences Of Child Sexual Abuse1585 Words   |  7 Pagesto draft this report data and information obtained from different surveys and research papers have been considered. Statistical facts relevant to subject of report also become part of this report. Thorough discussion has been done in order to elaborate the topic in question. Facts have been brought through interviews, questionnaires and internet browsing. Relevant sources have been properly referred. This report is presented to bring the harsh facts regarding Social Responses to Child Sexual AbuseRead MoreDomestic Violence And Child Abuse Essay1311 Words   |  6 PagesI chose to do my research on domestic violence and child abuse for many different reasons. As a young woman and hopefully a future mother, I wanted to be well educated on domestic violence and child abuse so that I can hopefully prevent these from happening to me of my future children. By researching domestic violence and child abuse I was able to learn about warning signs, as well as other useful information regarding these topics, such as where to seek help. Also, as someone who wants to be a teacherRead MoreSex Pregnancy Assignment1209 Words   |  5 Pagesthe agency to provide study information to all adult children of lesbian, gay or heterosexual parents, typically in the form of a flyer inviting them to participate in the study. We will also recruit participants using the method of snowball sampling. Intere sted Lesbian or gay parents can invite their adult child to participate in the proposed research study. A total of 325 adult children participants will be recruited, similar to the number used in Chang et al. 2003 study (2003). However, they usedRead MoreParent Influences On Early Childhood1207 Words   |  5 PagesThis study is introduced with a unique hypothesis and states the reason it is important in the abstract section. The article is titled â€Å"Parent influences on early childhood internalizing difficulties†. The main focus of the study was the concern that children s internalization of mental illness is a major concern for parents and society in general. However, this is due to the significant increase in health issue over a long period of time. This study in particular is important because the researchersRead MoreThe Importance Of Improving Social Skills For Children1350 Words   |  6 Pagesspecific social skills training program that lasted for 12 weeks and wer e either 60 to 90 minutes long. Both had parent-implemented training group sessions while their child was in a different group session happening at the same time. Both of these studies developed a curriculum for both the child and their parent. In the session for the child, a social skill/topic was introduced followed by a discussion and practice and role-play of the social skill. For the parents, their session focused on identifyingRead MoreEvaluation Of The Employee Retention Rate At The Greater Minneapolis Crisis Nursery1496 Words   |  6 Pagesgive you a detailed report of the employee retention rate at the Greater Minneapolis Crisis Nursery as well as the retention rate at similar organizations across the nation. As you know, the Greater Minneapolis Crisis Nursery’s employee retention has been an on going problem for the Nursery. With the employee turnover rate averaging as a high as 84% in Children’s Services, children coming to the Nursery are in continuously changing hands (Joel Bergstrom, 2011-2016, Employee Report). The Nursery isn’t