Diagnosis Related Groups Essay Example | Topics and Well Written Essays - 750 words

Diagnosis Related Groups - Essay Example A patient is assigned this category of DRG when all the operating room procedures performed on this patient are unrelated to the major diagnostic category of the patient's principal diagnosis. DRG 468 thus pays for discharge in which the patient undergoes an operating room procedure entirely unrelated to this admission's principal diagnosis. This is against the PPS classification of discharges of clinically coherent groups. Although this is possible in some cases, DRG 468 can be an example of DRG creep. The attending physician may misspecify the principal diagnosis, secondary diagnosis, or the procedure on the attestation sheet. It can also be the result of miscoding, where the hospital assigns an incorrect numeric code to the diseases or procedures which had been correctly attested by the physician in charge. In some cases to avoid investigation, the hospital may substitute a secondary diagnosis for the correct principal diagnosis. Therefore for appropriation of facts, auditing and review is necessary that would identify discharges in which coding rules are either ignored or not applied appropriately. DRG 468 is assigned when all the operating room procedures are unrelated to the major diagnostic category for which the patient had been admitted. Most often, these patients are admitted with a principal diagnosis that does not need any surgery. ... To assess the appropriateness, the ICD-9-CM coding guidelines should be applied to do the initial coding and for auditing if such has been used. The principal diagnosis is always the reason for admission, which should be backed by records indicating circumstances at admission, diagnostic workup, and therapy provided. The scenario is not an admission of the patient to treat two conditions, it is rather two conditions present during admission. While auditing and reviewing, it is to be determined whether the principal diagnosis was the reason for admission and treatment. If at admission, there were more than one diagnoses, use of guidelines for selecting the principal diagnosis would be used with consideration of circumstances at admission, diagnosis workup, and the therapy provided. The principal procedure must be performed for definitive treatment, not for diagnostic purposes, exploratory purposes, or for a complication. If there are two procedures done, then the one most related to t he principal diagnosis would be selected as the principal procedure. The procedure must be significant as defined by the Uniform Hospital Discharge Data Set would be used, and for this to qualify, it must be surgical under anesthesia with the operator being specially trained. The audit must look at the detailed documentation in the medical record. There must be enough proof and substantiation that it was medically necessary. The coding should be done from the narrative description of the procedure, not from the written title of the procedure. The approach and closure of the procedure are integral part of one significant procedure, not two separate

My Mother Essay Example for Free

My Mother Essay The film centers on Manuela, a nurse who oversees donor organ transplants in Ramà ³n y Cajal Hospital in Madrid and single mother to Esteban, a teenager who wants to be a writer. On his seventeenth birthday, Esteban is hit by a car and killed while chasing after actress Huma Rojo for her autograph following a performance of A Streetcar Named Desire, in which she portrays Blanche DuBois. Manuela has to agree with her colleagues at work that her sons heart be transplanted to a man in A Coruà ±a. After traveling after her sons heart, Manuela quits her job and journeys to Barcelona, where she hopes to find her sons father, Lola, a transvestite she kept secret from her son, just as she never told Lola they had a son. see more:speech about my mother In Barcelona, Manuela reunites with her old friend Agrado, a warm and witty transsexual prostitute. She also meets and becomes deeply involved with several characters: Rosa, a young nun who works in a shelter for battered prostitutes and is pregnant by Lola; Huma Rojo, the actress her son had admired; and the drug-addicted Nina Cruz, Humas co-star and lover. Her life becomes entwined with theirs as she cares for Rosa during her pregnancy and works for Huma as her personal assistant and even acts in the play as an understudy for Nina during one of her drug abuse crises. On her way to the hospital, Rosa asks the taxi to stop at a park where she spots her fathers dog, Sapic, and then her own father, who suffers from Alzheimers; he does not recognize Rosa and asks for her age and height, but Sapic is cleverer and knows Rosa. Rosa dies giving birth to her son, and Lola and Manuela finally reunite at Rosas funeral. Lola (whose name used to be Esteban), who is dying from AIDS, talks about how she always wanted a son, and Manuela tells her about her own Esteban and how he died in a car accident. Manuela then adopts Esteban, Rosas child, and stays with him at Rosas parents house. The father does not understand who Manuela is, and Rosas mother says its the new cook, who is living here with her son. Rosas father then asks Manuela her age and height. Manuela introduces Esteban (Rosas son) to Lola and gives her a picture of their own Esteban. Rosas mother spots them from the street and then confronts Manuela about letting strangers see the baby. Manuela tells her that Lola is Estebans father; Rosas mother is appalled and says: That is the monster that killed my daughter?! Manuela flees back to Madrid with Esteban; she cannot take living at Rosas house any longer, since the grandmother is afraid that she will contract AIDS from the baby. She writes a letter to Huma and Agrado saying that she is leaving and once again is sorry for not saying goodbye, like she did years before. Two years later, Manuela returns with Esteban to an AIDS convention, telling Huma and Agrado, who now run a stage show together, that Esteban had been a miracle by not inheriting the virus. She then says she is returning to stay with Estebans grandparents. When asking Huma about Nina, she becomes melancholic and leaves. Agrado tells Manuela that Nina went back to her town, got married, and had a fat, ugly baby boy.

Environmentalism in Watership Down by Richard Adams Essay -- essays re

The small group of rabbits that left their original warren, Sandleford, to find a new home often uses their little spare time to listen to stories generally told by Dandelion. These stories are often about the Thousand Enemies and how they are a threat to the rabbits, especially El-ahrairah. Humans are presented as one of the â€Å"Thousand.† The author of the book, Richard Adams, displays man in a negative way because of this. Man is portrayed as violent, nonsensical, and abusive to the natural way of life. In the book, Watership Down, Richard Adams portrays the life and style of man in a negative way. In both their old warren and on their journey, the group of rabbits encounters urban development and the city life which relentlessly interfere with their plans. The inciting point is the cause of sub-division development ("Literature in Brief Information about Watership Down.") and humans post a notice in the field where the rabbits live that says: â€Å"THIS IDEALLY SITUATED ESTATE, COMPRISING SIX ACRES OF EXCELLENT BUILDING LAND, IS TO BE DEVELOPED WITH HIGH CLASS MODERN RESIDENCES BY SUTCH AND MARTIN, LIMITED, OR NEWBURY, BERKS† (Adams 8). This residential construction ignites Fiver’s â€Å"visions† which causes the group to leave Sandleford Warren. In a later chapter, Holly and Bluebell seek out Hazel and his group and voice their willingness to join. At the same time, Holly relays the story of what happened in their old warren, Sandleford. Men with the white sticks in their mouths and made the air turn bad to kill the rabbits. Soon after, bulldozers flattened the area, with no regard whatsoever for the well-being of the rabbits. Richard Adams could be seen as taking use of development to get his rabbits to a better place, but such vio... ... them technically part of the man. Because of their connection to man, Richard Adams exposes animals like cats and dogs, which are man’s possessions, in a distasteful way. All in all, Richard Adams has a very negative view when it comes to man: human development and their creatures. His writing really gets into the mind of a rabbit, and through these rabbits he celebrates the natural, undisturbed world in which the rabbits live ("Literature in Brief Information about Watership Down."). Whether the rabbits simply hear about humans or even encounter them, they are generally displayed in a bad way. There may be a few times when there is a caring human, or a courteous animal, but that occurs very rarely. Richard Adams, in his book Watership Down, celebrates the natural created world before humans â€Å"destroyed† it. Websites used: www.answers.com/topic/watership-down-2

John Wayne :: essays research papers

The Duke takes his place in history.   Ã‚  Ã‚  Ã‚  Ã‚  John Wayne, one of America’s greatest actors and directors of all time. His fame and superstardom led to many problems in his career. His image as an icon of American individualism and the frontier spirit has overshadowed his career to such an extent that it is almost impossible for the fans and writers to separate Wayne the legend from Wayne the actor and Wayne the man.   Ã‚  Ã‚  Ã‚  Ã‚  Before the start of his movie career he played football at USC under his birth name, Marion Michael Morrison. He held many behind-the-scene jobs at Fox before moving in front of the cameras in the late 1920’s in a series of small roles. Director John Ford, who befriended “ the Duke';, recommended him for the lead role in Raoul Walsh’s western epic, The Big Trail. Wayne did not let the stardom go to his head. He spent the rest of the decade making his way through a series of low budget films whose failing budgets and quick shooting schedules did little to advance his career.   Ã‚  Ã‚  Ã‚  Ã‚  In 1939 John Ford gave Wayne another break by casting him as the Ringo Kid in Stagecoach. The roll threw Wayne into the top ranks of the movie stars and finally, in the 1940’s, his legend began to take shape. Relieved from military duty due to physical problems, Wayne became the film industry’s hard-core soilder, but had that compassionate side. Movies released during the war, such as Flying Tigers (1942), The Fighting Seabees (1944) and Back to Bataan (1945) left Wayne with some pretty big shoes to fill.   Ã‚  Ã‚  Ã‚  Ã‚  The movies that he made at the end of the decade were the ones that established him as an actor of merit. Howard Hawks emphasized the willful side of Wayne’s screen persona by giving him the part in Red River (1948). He played the part of Tom Dunson, a difficult, unlikeable yet compelling character. Two other films directed by John Ford quickly followed. Fort Apache (1948) and She wore a Yellow Ribbon (1949).   Ã‚  Ã‚  Ã‚  Ã‚  For a good part of the 50’s and 60’s Wayne took part in several small pictures. Standard western and action movies but nothing too dynamic. Because of the numerous films though he was financially in good setting. In 1969 he won Best Actor Oscar for True Grit, a light-hearted if not particularly impressive performance. Wayne’s final role was surely his best of the decade. In the Shootist, he played a dying gunman who is just beginning to understand his own life and legend. What a man.   Ã‚  Ã‚  Ã‚  Ã‚  John Wayne, you either love him or you hate him. Although there are not many people that dislike him.

Inventory Introduction Essay

An Undergraduate Thesis Manuscript submitted to the faculty of the Department of Communication Studies of Cavite City Campus, Cavite State University, in partial fulfillment of the requirement for ITEC200A- Undergraduate Thesis Part 1 for the degree of Bachelor of Science in Information Technology. Contribution no.___ Prepared under supervision of Mr. Norman Duarte. INTRODUCTION Nowadays, there are major changes that happened in our everyday lives. Since most of the changes are caused by the advances in technology, it is necessary for us, people to be familiar with the technological developments encountered today. Changes are inevitable and one should be able to go with the flow to stay in the business. Technology made a large contribution in the improvement of our life. Many businesses are engaging with the use of advance technology in order to become competitive. Through the use of modern technology, the work of an individual becomes easier and more accurate. The business world is fast changing that is imperative to stay ahead of the competition and empower your people with the tools and advancement that is available. The proponents noticed that the company named Homemart Builder’s Center Inc. is using the manual way for inventory of their items. Inventory system is one of the hardest and most important task in business or school transactions. Everything should be clearly and correctly stated based on the record of the company. This company which is located at Talaba IV Bacoor, Cavite started since the year of 1995. It takes time for them to search some files for the sales report because they have to do it manually. They find it hard also to retrieve those files stored in their file cabinets which they might lost because of certain chaos. See more: how to write an introduction paragraph for an essay Statement of the Problem This study seeks to create a system that would be used by businesses with regards to faster inventory transactions. This study tried to answer the following questions: 1. How to make an inventory transaction faster and more sufficient? 2. How they monitor the business performance? 3. How to make inventory of items much easier through the use of computerized inventory system? The system would help the staff of the company in terms of inventorying for much faster and efficient. It would be both beneficial to the owner especially for the buyer. To the owner, there will be a quick flow of business transactions. Significance of the Study The owners could easily check the increasing and decreasing items. The performance of the Company can also monitor through its sales report anytime needed. In addition, the program would help the owner with regards to their inventory since the monitoring stocks would be easier. Objectives of the Study Generally, the study aims to develop a system for Homemart Builder’s Center Inc. Specifically it aims to: 1. Create a Computerized Inventory System for the owner and employees of the company; 2. Make it easy monitoring the transaction and information of items. 3. Aimed to develop a Computerized Inventory System to increase a speed of service in terms of inventorying the items. 4. Monitor the performance of the company and also help the owner of the company on inventory of items in an easy and fastest way. Scope and Limitation The system was created only for the business of Homemart Builder’s Center Inc. The items will be inputted to the program through Item number. Price and quantity should also be inputted manually .It can update, delete and search information about the items. Have security featured specially to the owner’s file. The program will not include for other company’s use. The software can’t work without computer and electricity. It may not be applicable on items that do not have an Item Number or code. On the other hand, the items that do not have code will be manually inputted. Time and Place of the Study The study was conducted at Cavite State University Cavite City Campus from November 2012 to March 2013. Definition of Terms Inventory – It is the amount or value of a firm’s current assets that consist of raw materials, work in progress and finished goods; stock. System – a group or combination of interrelated, interdependent, or interacting elements forming collective entity; a methodical or coordinated assemblage of parts, facts, concept etc. Human Resource – the workface of an organization. Database – a systematized collection of data that can be accessed immediately and manipulated by a data- processing system for a specific purpose. Hardware – It is a business that has metal tools, implements etc.esp cutlery or cooking utensils.

Top 12 Resume Writing Tips for 2012

Top 12 Resume Writing Tips for 2012 In February 2012, the Career Thought Leaders Consortium published their Findings of the 2011 Global Career Brainstorming Day: Trends for the Now, the New the Next in Careers. My particular interest lies in resume trends, and you as my readers expect me to be up to date on these matters!   Here are the Top 12 findings in the resume category from the best of the best in the career industry: 1. Resumes are not dead! Every job seeker still needs one to present to employers, recruiters and network contacts. That said, the LinkedIn profile is becoming as important if not more important as an entry point and must be crafted to complement, NOT duplicate, the information in the resume. 2. Brevity Reigns The 3-page resume, however, is going extinct. Keep your resume succinct and preferably to one or two pages, even if you are a high-level executive. This means concise writing, short paragraphs, brief lists of bullet points, and good organization and branding to assist the reader in quickly assessing your strengths. The top third of the first page is prime real estate. 3. Extra Extra! Leverage Addenda Addenda are welcome attachments to short resumes when you have additional accomplishments to convey that did not make it onto the two-pager. 4. Keep it Chronological Stay away from functional resumes. Hybrids are okay but reverse-chronological resumes are still the preferred format for recruiters and hiring managers. 5. Smart-phone Savvy Keep in mind that some people will be reading your resume on their phones. This means you need good headlines and a compelling top third to half of the resume to encourage scrolling down. 6. RoboResumes Keep ATS systems in mind. Make sure your resume is formatted properly to make it through the system. For more on ATS formatting, check out my article, How to Write a Resume that Beats the Computers. 7. Retro Resumes Resume paper is still in style for when you present your resume in person! And it’s â€Å"retro† – you can send your resume in an actual envelope and perhaps get some positive attention for taking the time to do so in this email-centric world. 8. Hyperlink it! Put links on your resume. QR codes are becoming popular, as well as other URLs that link to additional material about the job seeker. 9. Be human Don’t skip the community service, continuing education, civic background, etc. Your character is being evaluated more than ever! And you are encouraged to put a testimonial on your resume. Why say it yourself when you can have someone else say it for you? 10. There’s no one-size fits all. You need a different resume for each position you apply for, and then you need separate versions for the recruiter, the hiring manager, and the ATS software. How overwhelming can that be? That’s what career professionals and resume writers are here for. Hopefully we can make the process just a bit less overwhelming. 11. Vital Stats You don’t need to include your street address in your resume header anymore! DO include your LinkedIn URL, web address if you have one, your city and state, ONE phone number and ONE email address. 12. Ever heard of Twitrez? If you are media-savvy, you may have used the Twitrez tool to communicate your value proposition in a series of 10 tweets, 140 characters each. The idea is that each message can stand on its own and the combined 1400 characters â€Å"create a cohesive overview of a candidate’s core qualifications and value.† Or maybe you’ve tweeted your twesume? I can see what’s next for The Essay Expert – it’s writing Twitter resumes!   Stay tuned†¦

3 Examples of How Missing Words Cause Confusion

3 Examples of How Missing Words Cause Confusion 3 Examples of How Missing Words Cause Confusion 3 Examples of How Missing Words Cause Confusion By Mark Nichol In each of the following sentences, the absence of a word or phrase is an obstacle to clarity. Discussion after each sentence explains the problem, and a revision provides the solution. 1. The naturally occurring electrolytes are significantly higher than other brands. The comparison in this sentence is not between electrolytes and other brands; it is between electrolytes in a product marketed under one brand and electrolytes in a product marketed under other brands. This revision uses a pronoun and a preposition to communicate the true equivalency: â€Å"The naturally occurring electrolytes are significantly higher than those in other brands.† 2. The contraception app has become a popular alternative because it doesn’t involve taking any medicines, inserting devices, or hormone patches. Three older contraceptive methods are listed in counterpoint to a newer one, but while the sentence structure requires a verb to precede the word or phrase for each method, â€Å"hormone patches† lacks one. This revision inserts a verb: â€Å"The contraception app has become a popular alternative because it doesn’t involve taking any medicines, inserting devices, or using hormone patches.† 3. Financial institutions are no longer required to implement the rule and retain the option of including mandatory arbitration clauses in their contracts. This sentence is structured as if it consists of a single main clause, but logic requires that it be constructed of two independent clauses. It reads as if â€Å"implement the rule† and â€Å"retain the option . . .† are equivalent, but the complementary phrases are â€Å"are no longer required to implement the rule† and the entire portion of the sentence following the conjunction, so a noun or pronoun must be inserted after the conjunction (along with a comma before it) to form the second independent clause: â€Å"Financial institutions are no longer required to implement the rule, and they retain the option of including mandatory arbitration clauses in their contracts.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:"Latter," not "Ladder"25 Idioms with Clean

Perfectly Inelastic Collision Definition in Physics

Perfectly Inelastic Collision Definition in Physics A perfectly inelastic collision is one in which the maximum amount of kinetic energy has been lost during a collision, making it the most extreme case of an inelastic collision. Though kinetic energy is not conserved in these collisions, momentum is conserved and the equations of momentum can be used to understand the behavior of the components in this system. In most cases, you can tell a perfectly inelastic collision because of the objects in the collision stick together, sort of like a tackle in American football. The result of this sort of collision is fewer objects to deal with after the collision than you had before the collision, as demonstrated in the following equation for a perfectly inelastic collision between two objects. (Although in football, hopefully, the two objects come apart after a few seconds.) Equation for a Perfectly Inelastic Collision:m 1 v1i m2 v2i ( m 1 m 2) vf Proving Kinetic Energy Loss You can prove that when two objects stick together, there will be a loss of kinetic energy. Lets assume that the first mass, m1, is moving at velocity vi and the second mass, m2, is moving at velocity 0. This may seem like a really contrived example, but keep in mind that you could set up your coordinate system so that it moves, with the origin fixed at m2, so that the motion is measured relative to that position. So really any situation of two objects moving at a constant speed could be described in this way. If they were accelerating, of course, things would get much more complicated, but this simplified example is a good starting point. m1vi (m1 m2)vf[m1 / (m1 m2)] * vi vfYou can then use these equations to look at the kinetic energy at the beginning and end of the situation.Ki 0.5m1Vi2Kf 0.5(m1 m2)Vf2Now substitute the earlier equation for Vf, to get:Kf 0.5(m1 m2)*[m1 / (m1 m2)]2*Vi2Kf 0.5 [m12 / (m1 m2)]*Vi2Now set the kinetic energy up as a ratio, and the 0.5 and Vi2 cancel out, as well as one of the m1 values, leaving you with:Kf / Ki m1 / (m1 m2) Some basic mathematical analysis will allow you look at the expression m1 / (m1 m2) and see that for any objects with mass, the denominator will be larger than the numerator. So any objects that collide in this way will reduce the total kinetic energy (and total velocity) by this ratio. We have now proven that any collision where the two objects collide together results in a loss of total kinetic energy. Ballistic Pendulum Another common example of a perfectly inelastic collision is known as the ballistic pendulum, where you suspend an object such as a wooden block from a rope to be a target. If you then shoot a bullet (or arrow or other projectile) into the target, so that it embeds itself into the object, the result is that the object swings up, performing the motion of a pendulum. In this case, if the target is assumed to be the second object in the equation, then v2i 0 represents the fact that the target is initially stationary.   m1v1i m2v2i (m1 m2)vfm1v1i m2 (0) (m1 m2)vfm1v1i (m1 m2)vf Since you know that the pendulum reaches a maximum height when all of its kinetic energy turns into potential energy, you can, therefore, use that height to determine that kinetic energy, then use the kinetic energy to determine vf, and then use that to determine v1i - or the speed of the projectile right before impact. Also Known As: completely inelastic collision

Accounting Assignment Example | Topics and Well Written Essays - 250 words - 13

Accounting - Assignment Example The healthcare sector represents a major part of America’s economy. Current expenditure on healthcare exceeds 15% of the GDP and Economists project it to hit $4.2 trillion or 20% of the GDP by 2016. Yet according to Commonwealth Fund’s analysis of World Health Organization data, America ranks last among developed nations in preventable mortality with over 47 million Americans lacking health insurance. Additionally, healthcare continues to be one of the fastest growing components of the economy, growing at a faster rate than the GDP. Health related expenditure is a large and growing segment of government budgets. Last year, healthcare expenditure accounted for one quarter of federal spending. From the public interest point of view, the economic stakes in healthcare reform is high. However, it is wise to note that for all the problems, the United States healthcare system has much strength and policy makers should not lose the good while addressing the bad. The major financial challenge of healthcare reforms is controlling the costs. The problem here is not the high level of spending on healthcare but rather the rapid growth of spending on healthcare. The per capita spending in America continues to increase at a faster rate than per capita income. Economic projections indicate that persistence of this trend would lead to a relentless rise in income devoted to healthcare expenditure. A large portion of state and federal spending goes towards subsidization of health insurance. In 1975, federal expenditure on Medicaid and Medicare accounted for 6% of total non-interest federal spending. Today, this figure stands at 23%. Due to the increases in cost of healthcare, the CBO projects that, without reform, Medicaid and Medicare will account for about 35% of non-interest federal spending in 10 years’ time. This trend points toward

Business application of mathematics Essay Example | Topics and Well Written Essays - 750 words

Business application of mathematics - Essay Example A simple formula is then derived to select the best five funds from each sector. For low risk investors, the 1st, 3rd and 5th year cumulative performance to the last quarter columns and fund size were used as metrics to decide the best 5 funds from each sector. Basic financial theory states that outsized returns can be generated only by taking risks, so although a fund may exhibit excellent returns, an investor should incorporate risk into the analysis to determine the risk-adjusted performance of the fund and how it compares to other investments. There are several metrics to use when analysing funds, one can decide to use kurtosis, skewness, standard deviation, mean, minimum and maximum functions, value at risk or any other metric or any combination of these metrics. Combining many of these metrics in the analysis of funds is an intensive way of getting the best funds. The metrics used to analyse the funds sometimes give different funds as the best. Most people however use fund size and 1st, 3rd and 5th yearly cumulative values to easily select the best funds. Skewness is a measure of the asymmetry of data in this case, the returns. Positive skewness means mean>median>mode. Negative skewness indicates the probability of a very high risk even if the probability is low. Kurtosis measures the level of flatness of a distribution. Negative kurtosis, indicates a lower probability of results around the mean, and lower probability of extreme values. A positive kurtosis indicates a higher probability of results near the mean, but also a higher probability of extreme values.   The idea of thought behind this criterion is that the yearly cumulative performance to the last quarter is a vital metric that indicates fund performance in the market. Another important metric that investors look at is fund size. Among the yearly cumulative performance columns, a fund that will

Countries in the World that Have Equally Alarming Debt Movie Review

Countries in the World that Have Equally Alarming Debt - Movie Review Example However, it is sometimes worth asking if people really mean they say America has a debt problem. The documentary the Overdraft analyzes the United States’ federal budget records, it is apparent that the insurmountable debt load of the United States has piled up. In fact, the 2008 financial crisis exacerbated the situation; however, there are needs to solve the situation before it becomes a crisis. Therefore, the documentary has provided compiled views of Americans from different professions and social settings on financial and economic effects of the America’s debt load /on America and the rest of the world. Despite these views providing means and ways forward for addressing this issue, some of the views are inappropriate. However, Jay Fishman’s ideas on the future effects of current America’s debt on the citizens is true since unless the debt is paid, it will continue to accumulating thereby passing the burden to the generations to come. Fishman said, â€Å"The inevitable impact of demographic trends in the U.S. will result in additional federal spending of $1 trillion more in 2020 than today's level. Absent action, the cumulative effect of this trend has the ability to compromise America's future significantly (overdraft, 00:26:00.)† However, the sentiments of Herbert Hoover could not be taken seriously for this matter when claimed that the young generation is blessed since they were only to inherit the nation's debt. How can someone be blessed when he or she is actually inheriting a problem? He said, â€Å"Blessed are the young because they will inherit the natio nal debt (overdraft, 00:49:00).† Adding on Fishman contributions, it true that when the problem of debt is addressed in time, the nation that the country will take the country hostage especially when their debts have grown to high or unplayable by the national government. The new lessons learned from the documentary include that idea that the national debts can crow to a level that the national  government can never be able to pay.  

Governance and Sustainability Essay Example | Topics and Well Written Essays - 1500 words

Governance and Sustainability - Essay Example Tesco PLC Tesco is the leading food retailer in the UK and operates globally in excess of 2318 stores located in different countries across the globe. It is worth mentioning that Tesco operates in more than 1878 stores alone in the UK. Apparently, it can be stated that the UK is the largest market of the company. At the same time, the company engages more than 326,000 people globally. Primarily, the company has been viewed to operate under four operating divisions namely Superstore, Metro, Extra and Express that does not deal only in selling food products but also involved in selling of various non- food products (Dataminotor, 2004). Additionally, Tesco’s envisages establishing itself as greatly valued company by its customers and the communities where it operates. The company intends to be highly valued not only by its customers but also from its employees and shareholders perspective. Furthermore, it is expected that the market share of Tesco shall expand at a significant ra te in the UK and other parts of the world (Tesco, 2013). Hence, due to the steady growth in its international business, it has been estimated that the company will significantly strive to increase its overall profitability as well as consolidate its strengths in Asian and European nations (Datamonitor, 2004). Moreover, the company constitute the world’s biggest online market with the total annual sales of over ?577million. On the other hand, the profit of the company has also viewed to be increased steadily over the years. Evidently, during the fiscal year 2010-11, the profit before taxation of Tesco stood at 12.3%, which is quite greater as compared to the previous year i.e. 2009-2010. At the... This paper stresses that Tesco along with its competitors like Sainsbury are duly engaged in conducting various important CSR activities. Additionally, the analysis of CSR activities of Tesco and Sainsbury illustrates that the involvement and the accountability of all the stakeholders like customers, suppliers, communities, shareholders, investors and environmentalists towards ensuring sustainable business performance are crucial for the success of an effective CSR strategy. This report makes a conclusion that CSR activities are considered to be one of the important factors for the success of the businesses of different organisations. Evidently, CSR activities are not associated with earning substantial profit from the business operations; rather it deals with ensuring healthy environment and steady community development as well. In relation to CSR activities, Tesco, the UK based leading retail company has undertaken significant approaches towards improving and facilitating enhanced social and environmental development. It is worth mentioning that the business operations of Tesco is not limited within the UK only but scattered throughout the globe. The company strictly follows GRI framework for the preparation of its sustainability reports. Furthermore, the company has shown its firm commitment towards diminishing carbon footprint and other measure relating to CSR. Similarly, the efforts of its one of the major competitors like Sainsbury cannot be overlo oked.

INSTRUMENT REVIEWED IN MMY Essay Example | Topics and Well Written Essays - 1000 words

INSTRUMENT REVIEWED IN MMY - Essay Example Similarly, studies done using Bern Sex Role inventory has showed a similar trend among the girls who participated in the study. Further, the results showed a comparative masculinity scores depending on the number of years the participants resided in United States. The participants will help evaluate how gender role identity affects an individual in terms of sense of belonging, devotion to one religion, and exposure to foreign cultural values on one’s life. The research will use BSRI rating scores. BSRI is acronym for Bem Sex Role Inventory that measures gender roles and masculinity-femininity. BSRI was developed and published in 1974 by Sandra Bem and have evolved to a phenomenal gender role identity tool (Beere, 2008). The tool evaluates how individual identify themselves psychologically. The efforts came from concerted effort to measure androgyny. Stereotypical feminine and masculine traits were found by conducting a survey among 100 Stanford undergraduates students on which characters were believed to be desirable for either of the sex. The test is made of 60 varied personality traits which those participating rate themselves on a 7 Likert scale. Traits that constitute part of the scale are evenly dispersed ranging from 20 feminine, 20 masculine and 20 filter traits that are more gender neutral (Bem, 2005). All individual personality traits in BSRI are optimistically valued personality aspects. Bem Sex Role inventory involves 60 set of questions on feminine and masculine traits. Normative data was obtained from the samples that were done in Stanford University between 1973 and 1978 (Beere, 2008). According to the author, the objective for the test was to assess psychological androgyny and provide empirical evidence to prove the benefits of a shared feminine and masculine personality compared to that of sex-typed classification. Participants are required to rate themselves on each of the 60 traits using

Governance and Sustainability Essay Example | Topics and Well Written Essays - 1500 words

Governance and Sustainability - Essay Example Tesco PLC Tesco is the leading food retailer in the UK and operates globally in excess of 2318 stores located in different countries across the globe. It is worth mentioning that Tesco operates in more than 1878 stores alone in the UK. Apparently, it can be stated that the UK is the largest market of the company. At the same time, the company engages more than 326,000 people globally. Primarily, the company has been viewed to operate under four operating divisions namely Superstore, Metro, Extra and Express that does not deal only in selling food products but also involved in selling of various non- food products (Dataminotor, 2004). Additionally, Tesco’s envisages establishing itself as greatly valued company by its customers and the communities where it operates. The company intends to be highly valued not only by its customers but also from its employees and shareholders perspective. Furthermore, it is expected that the market share of Tesco shall expand at a significant ra te in the UK and other parts of the world (Tesco, 2013). Hence, due to the steady growth in its international business, it has been estimated that the company will significantly strive to increase its overall profitability as well as consolidate its strengths in Asian and European nations (Datamonitor, 2004). Moreover, the company constitute the world’s biggest online market with the total annual sales of over ?577million. On the other hand, the profit of the company has also viewed to be increased steadily over the years. Evidently, during the fiscal year 2010-11, the profit before taxation of Tesco stood at 12.3%, which is quite greater as compared to the previous year i.e. 2009-2010. At the... This paper stresses that Tesco along with its competitors like Sainsbury are duly engaged in conducting various important CSR activities. Additionally, the analysis of CSR activities of Tesco and Sainsbury illustrates that the involvement and the accountability of all the stakeholders like customers, suppliers, communities, shareholders, investors and environmentalists towards ensuring sustainable business performance are crucial for the success of an effective CSR strategy. This report makes a conclusion that CSR activities are considered to be one of the important factors for the success of the businesses of different organisations. Evidently, CSR activities are not associated with earning substantial profit from the business operations; rather it deals with ensuring healthy environment and steady community development as well. In relation to CSR activities, Tesco, the UK based leading retail company has undertaken significant approaches towards improving and facilitating enhanced social and environmental development. It is worth mentioning that the business operations of Tesco is not limited within the UK only but scattered throughout the globe. The company strictly follows GRI framework for the preparation of its sustainability reports. Furthermore, the company has shown its firm commitment towards diminishing carbon footprint and other measure relating to CSR. Similarly, the efforts of its one of the major competitors like Sainsbury cannot be overlo oked.

Capstone Essay Example | Topics and Well Written Essays - 750 words

Capstone - Essay Example Special academic programs serve the purpose of arming nurses with tailor made skills meant to enhance workplace related competence. Upon acquiring the required theoretical knowledge, nursing students may demonstrate their ability to articulate the acquired skills in duties within actual healthcare facility settings. At this juncture, I will examine my professional and intellectual growth upon completion of the nursing program. A nurse is free to choose any project as long as it addresses practical, real world challenges using the knowledge and skills gained while pursuing their graduate program. A capstone project entails a paper and presentation which uses the nurse’s experience to address a particular challenge identified in a proposal. A capstone program aims to evaluate nurse’s ability to identify a problem, formulate a relevant research question, use correct methods to tackle the research question and identify how their knowledge relates to current scholars and stu dies. The nurse should also be able to demonstrate the ability to organize information, interpret significance, write a good prose and use evidence and example to develop his study. Capstone portfolio is a benchmark assessment for the program and provides an opportunity for assessment by multiple parties. It help an individual assess himself as a nurse and long time learner and professional (Huba and Freed, 2000) because after graduation, the individual is involved in a process of continuous reflecting, self-assessment and self-guided scholarly and professional growth. When information from your capstone portfolio is used, it provides a forum for assessment by employers or other people from whom the individual seeks specific opportunities. Assessment plan for capstone portfolio is comprehensive as there is minimum requirement (average grade point) to qualify for the program and other qualifications an individual is supposed to meet like the need to provide finger prints, check of cr iminal records and computer competency. Then in the course of the program there is constant assessment by instructor on the courses undertaken and grades earned in return. In other cases a nurse is expected to pass a certain specified course before they can be allowed to undertake another course. This could also apply in courses where one needs to pass in the theoretical classes before they can be allowed into the field for practical work or internship. Classroom experience provides a basic framework before you are allowed into the field which is used as a forum to assess how good one has gripped the concepts that were taught. Upon completion of the program, I have acknowledged importance of acquiring informed consent from clients during clinical and social care procedures. Professional conduct of nursing involves explicitly defined guidelines concerning ethical practices. In addition, the program emphasizes the importance of nursing professional conduct towards the cultural require ments in a nurse-client relationship. In my practical encounter with geriatrics patients, I have learned that clients may refuse to undertake certain clinical procedures, even if those procedures are beneficial to their wellbeing. Throughout the course, I appreciate the fact that clients have a right to decline treatment. As a nurse, I will only be able to administer clinical procedures after acquiring voluntary and informed consent from a patient. According to Heartfield and Andre (2011), this relates to

Case Study Analysis on an Organisation Essay Example for Free

Case Study Analysis on an Organisation Essay Organisational change is something that occurs throughout an organisation’s life cycle and effects the entire organisation rather than one part of it. Employing a new person is one example. Change is increasing due to a number of forces including globalisation led by rapidly advancing technologies, cultural diversity, environmental resources and the economy; therefore the ability to recognise the need for change as well as implement change strategies effectively, in a proactive response to internal and external pressures is essential to organisational performance. Internal changes can include organisational structure, process and HR requirements and external changes involve government legislation, competitor movements and customer demand (Wood et al, 2010). Change does not need to be a painful process, as it may seem when observing the amount of failed change management initiatives with reports as low as 10% of researched success rates (Oakland Tanner, 2007), when successful change management strategies are utilised and planned, including effective communication strategies, operational alignment, readiness to change and implementation, which all lower and overcome resistance (Wood et al, 2010). There is a great amount of literature on the negative aspects and difficult management with employees resisting change, however Wood et al (2010) challenge this notion by questioning the change management process as people do not resist change itself but aspects of the change that affects them personally such as fear of the unknown, status, remuneration and comfort. Resistance to these changes is a healthy reaction and can be managed effectively in the beginning by ensuring communication and using one of the change initiatives described here. Background Information Truelocal is based in Sydney, with small sales branches in Brisbane and Melbourne. It employs over 150 staff, an increase of approximately 50% over the past two years. It was founded in 2005 by NDM as part of an expanding operation of online websites to provide across the board consumer services, including news and magazine websites; online sport and weather information; and shopping comparison search engine, web-based recruitment, and travel search engine solutions [http://www. ewsdigitalmedia. com. au, accessed 25/08/2010]. As the world shifted into what is often referred to as the ‘digital info age’, consumer demand for online media as a way to source information significantly increased and demand for printed media decreased putting pressure on newspaper companies to expand to producing news and information online in digital format. This included News Corporation which decreased its newspaper operations and increased its digital expansion. As an employee at Truelocal for over six years, I have acquired this information presented here through interviews with management, company information and my own observations internally within the organisation’s sales department working in the roles of sales executive, account manager and senior retention account manager. The Need for Change – Management Structure Truelocal needed to align its culture, values and structure with the parent company in order to meet strategic growth goals not long after it was founded. Wood et al (2010) describe the work of an author, Noel Tichey on managing strategic change. Experts use three fundamental sets of change in their approach; technical design, political allocation and culture/ideological mix problems. It is one of these problems that become a pressing issue at any one time of which then initiates the change. In Truelocal’s case there were a number of changes evolving and at this time it was culture problems. NDM has been growing in size since its establishment in 2006 with a number of acquired website operations, each operating as a separate business unit with the support of HR, Finance, IT, Commercial Operations and other support services provided by the parent company (NDM). A decision was made to align the organisation in terms of operations, culture and strategy so it could concentrate on innovation and performance to achieve its goal of becoming the number one provider of online information in Australia. As a result NDM redesigned its organisational structure as Truelocal and most of the other business units merged together in one location. Not long after this relocation, Truelocal began flattening out the company structure lead by a new management team and CEO. It has since been under constant change to achieve it’s goal to continue growth (both in number of staff and performance) and excel as a high performing and innovative company with an agenda of being the second largest online directory service in Australia after it’s competitor Sensis (Yellow pages online). Wood et al (2010) explain the performance gap is a desire to move from one less desired state to another. This can be seen by the increased performance after the change occurred and culture change was implemented. What changed Fundamental changes that occurred were a shift from the existing vertical, bureaucratic structure to a horizontal structure and change in specialist functioning of divisions creating a professional, corporate environmental culture that was customer focused. The existing culture was a casual attitude towards dress requirements, starting and finishing times, breaks, informal communication expression and channels and many staff were employed as friends of existing staff rather than based on competency and job skills. Some managers had their partners working for them and a few were family members. There didn’t appear to be any dress code and people came and left work at varying times. Additionally management employed more skilled staff, retrained existing staff and created processes of which procedures were then put in place. One of the ways these objectives were achieved was by the reduction of management layers resulting in more direct reporting. Wood et al (2010) explain as organisational size increases, the more interconnections and less direct communication between people takes place (Wood et al, 2010). Change Process When management at Truelocal uplifted existing management and reporting structures, staffs were initially left without direction, reporting channels, processes and goals were not clearly communicated causing a lot of uncertainty. Consequently many staff resigned as they felt upset and confused about what was happening. Truelocal however, retained some of the more experienced staff with new career development propositions and new managers were encouraging and open about future improvements that were to take place within the organisation. One of the ways Truelocal could have managed this change is by using the Freeze/Unfreeze concept; Wood et al (2010) explains Kurt Lewin, a famous organisational Psychologist’s three-force phase, which is needed for any organisation to be motivated to bring about the change of which are; 1) Unfreezing focuses on preparing people for change. This is a critical part of the change phase prior to implementation by analysing and influencing resistance and need to change. A common tool that is used at this stage is called Force Field Analysis, this measures these forces. ) Changing of people; tasks; structure; technology. Ideally the organisation will be completely unfrozen, ready for change and its goals made clear. It is recommended that staff are not perceived to have a sense of high or low security at this stage in order to avoid resistance. 3) Refreezing is the evaluation and reinforcement of the changes that took place. The new managers were recruited by Truelocal for their exp erience in organisational transformation within the type of professional, high performing, corporate environment the organisation desired and who worked at their competitor company. These managers were expected to manage the entire change process themselves. Change agents are people or groups who take responsibility for the change of behaviours and existing patterns in a supportive manner (Wood et al, 2010). The perceived risks however, are the responsibility of the organisation’s leader who decides on the direction of the change (Oakland Tanner, 2007). Planned changes that took place were; Structure – change in organisational design by reporting systems, operational processes and size of teams, while roles were redefined by definition, job title and remuneration. Tasks – Most jobs were redesigned including more responsibility for staff in management roles and multi functional tasks for other staff. One of these job designs is called job enrichment, which is the increase and deepening of motivating factors built into a job (Wood et al, 2010). Some of these enrichments used by new management were increased responsibility and accountability, less control and more freedom in the job and more recognition. People – improvement of recruitment and selection process by advertising formal job vacancies on the organization’s intranet and incentives for staff to nominate candidates who were then formally interviewed by a number of managers. Additionally training sessions for new staff, coaching and certification courses were made available. Carless (2005) describes her research on the compatibility of job-person-organisation-environment fit. She believes a person must assess their attributes and personality with the job and organisational characteristics, which is likely to improve job satisfaction and adjustment to the environment. Culture – organisational values and beliefs were communicated from the parent company of which staff was rewarded when their behaviour displayed these values. Recognition was given in addition at meetings and performance appraisals. This is the observable culture, however as Wood et al (2010) explain, shared meanings and stories are other powerful aspects of culture and this can be observed at Truelocal by the high turnover of staff by both stories and norms that communicate the need to work hard to perform in the job or leave. Cultural symbols include trophies for ‘employee of the month’ awarded to the highest performer. These symbols serve to transmit cultural meaning (Wood et al, 2010). In the sales department a large subculture can be observed. Wood et al (2010) explain strong subcultures are often found in high performance task forces where people share similar values and backgrounds. This subculture included men between the ages of 22-30 yrs that have no formal education, drink alcohol excessively, and are passionate about technology, highly materialistic and view women as sex objects, which can often be observed by their language and behaviour. Moreover this culture is likely to be influenced by the national culture of which the organisation is embedded (Wood et al, 2010). In fact this subculture existed in the old culture before the restructure of which the company held ‘diversity training’ focused on discrimination and fairness within the workplace resulting in terminations. According to The Economist (2008), in the economic downturn companies need ‘Generation Y’ as hungry 25-35 year olds without commitment, for marketing and product innovation with emerging technologies, able to put in the time and energy to help them deal with recession hazards, especially in sales. Strategy – operations and planning were clarified at monthly and quarterly meetings including product changes. These were addressed by department managers regularly and CEO meetings irregularly, to engage staff. Wood et al (2010) explain leadership has changed from the traditional trait and behaviour approaches to transformational, charismatic, visionary focus and is separate from management. The leadership team at Truelocal formally includes the CEO and parent company (NDM) leaders. Their leadership function can be observed by their language and behaviours they use a transformational and visionary change approach. Objectives – specific performance targets were set allowing staff to earn a higher commission by overachieving set targets, recognition and prizes to increase motivation consistently. Purpose – both the CEO and the parent company made organisational goals clearly communicated vision and clarified progress regularly. Recognition was given for the contribution of each department and each business unit to the overall success of the organisation. These changes were managed by senior staff using a combination of change strategy approaches as explained by Wood et al (2010) that include a forced approach of top down command, one way communication, coercive reward and punishment approach, rationalisation approach and shared decision making, empowered approach. Of these approaches no single approach was concluded best by researchers on organisational change and it is advised that more commonly a combination will occur, however guidelines are offered to change agents and managers (Wood et al, 2010); consider use of expert consultants communicate the need for change feedback from employees avoid changing for the sake of change study organisational change and structures From this perspective Truelocal management took the right approach by varying the way they managed the change. Change Results The facilitation of clearer and faster communication channels enabled staff to work more efficiently and get things done faster, along wit h improved technology. Further benefits of this structure were people collaborating in teams, using initiative and increased spontaneous communication while rules, procedures and close supervision were reduced as described in (Tushman, Anderson O’Reilly, 1997). Wood et al (2010) describe the matrix structure is common in large organisations wanting to improve customer responsiveness. Truelocal’s reporting structure utilised this organisational design as part of the change, for example the finance manager reports to the CEO of Truelocal and to the Commercial Director of NDM, however Wood et al (2010) note each organisation’s structure is unique and there is no single observed design. This change is described by Wood et al (2010) as radical. Radical changes are fundamental reorientations and transformational, often initiated by the arrival of a new CEO. Culture Performance Change Since the change occurred, Truelocal’s sales department recorded a growth rate of 15% per full time employee (FTE). Some strategies used were; Performance appraisal review (PAR) – staff are asked to grade themselves on their performance and their use of company values of which are discussed by their managers. For example one of the values is ‘Impact’ and an employee is asked how much impact they contributed to the organisation since the last performance review and they are required to give examples of this behaviour. These PARs are held quarterly and annually. Reward and remuneration – staff are given targets according to their job level and experience with incentives to over achieve. These targets are called Key Performance Indicators (KPIs). The person’s job is broken into task components of which each component consists of a target behaviour that is rewarded. Remuneration is based on the overall percentage of KP I achievement. Recognition – employee of the month award was created by encouraging staff to use an online submission for their preferred co-worker who had gone over and above their job requirement displaying one of the company values. In addition the company awards the sales department with the person with the highest dollar value in sales and yearly a larger reward of which one year was a new car. Similarly a newsletter recognises new sales people who achieve early in their job. All of these reinforcements are called extrinsic which are rewards given to someone by another person’s valued outcome and because they are environmentally impactful are valued in influencing behaviour through the law of effect (Wood et al, 2010). Cultural change can take years according to Wood et al (2010); however effective cultural change strategies can be used to shorten the timeframe. One of which is explained by Oakland Tanner (2007), it is important to align the culture to support the desired change in behaviour. For example Truelocal needed a professional, customer focused culture which required staff to develop professional skills and behaviour. The result was all departments undertook a full training programme designed to increase awareness in communication, with a focus on questioning and empathy. Conclusion Truelocal is a young company and part of the larger and still relatively new parent organisation, NDM, operating under the global News Corporation. The industry it operates in, digital media is one of the fastest growing and changing environments globally. It changed from a structure and culture of casual, unprofessional work practices managed within a more bureaucratic structure that was under performing to a transformational, high performing, innovative and professional culture that is customer focused. Truelocal achieved its goal of growth, productivity and change in culture, however many staff were lost in the process and not much planning appeared to be in place. It is unclear as to the lack of planning, communication or use of external consultant in the case of radical change that occurred. One assumption might be due to budgetary restrictions as the company has been running at a loss since it started, reporting a loss this year of over one hundred million. Apart from the successful change management strategies that were used by the change agents, in particular the motivational strategies used by nominated change managers, numerous other approaches were identified that may benefit the organisation for managing future changes more effectively. Reference List Carless, S. A. (2005). Person-job fit versus person-organisation fit as predictors of organisational attraction and job acceptance intentions: a longitudinal study. Journal of Occupational and Organisational Psychology. 78 (3), 411-429. Generation Y goes to work (2008, December 30). The Economist (US). Retrieved from http://www. economist. com/business/displaystory. cfm? story_id=12863573 Oakland, J. S. , Tanner, S. (2007). Successful change management. Total Quality Management, 18 (1-2), 1-19. Tushman, M. L. , Anderson, P. C. O’Reilly, C. (1997). Technology cycles, innovation streams and ambidextrous organisations: organisaiton renewal through innovation streams and strategic change. Managing strategic innovation and change. Oxford University Press, NY. 2-23. Wood, J, Zeffane, R. , Fromholtz M. , Wiesner R. , Creed A. , Schermerhorn J. , Hunt J. , Osborn R. , (2010). Organisational Behaviour, Core concepts applications. 2nd Ed. John Wiley Sons, Australia, Ltd. Milton Qld.

Medea, by Euripides: Betrayal and Loyalty

Medea, by Euripides: Betrayal and Loyalty Throughout Greek dramas there is always an underlying message of opposing values. This message allows the audience to learn about human nature, and life lessons. The play Medea, by Euripides, is no exception to this overall pattern in Greek dramas. The play exhibits the conflict between the opposing values betrayal and loyalty through characters and their shifting sympathies. Euripides seems to value loyalty over betrayal through his demonstrations of the dangers of one who lets their emotions take over reason in his tragedy Medea. He shows this through elucidation of secondary characters, a vivid pathos, and clear logos. The play uses pathos, or emotional appeal, to emphasize the importance of loyalty. Medea, in the beginning of the play, was suffering, because Jason did not have the loyalty to stay with her, so the people felt sympathy towards her. Her emotional state was caused by how important loyalty was to her, and now she is completely broken psychologically, Oh I wish That lightning from heaven would split my head open (6). That quote reflects how she is truly feeling, hopeless. Emotionally, Medea brings up the fact that she betrayed her country, her father, and killed her own brother to how emotionally connected she is with her loyalty to Jason, Oh, my father! Oh, my country! In what dishonor I left you, killing my own brother for it (6). From that quote, Medea does not use any words of retribution, which has given her enough emotional appeal that the chorus truly believes that she is the victim of the situation. Logos, or logical appeal, is used in the play to show that Medeas acts of violence were centered more on revenge rather than the prosperity of her children. Medea has had numerous opportunities to obtain a secure lifestyle for herself and her children. Medea is faced with an opportunity to make her and her childrens life better from Jason, and she turns him down saying she doesnt want his pity, I shall never accept favorsà ¢Ã¢â€š ¬Ã‚ ¦ Nor take a thing from youà ¢Ã¢â€š ¬Ã‚ ¦ There is no benefit in the gifts of a bad man (20). Jason was making a logical argument, but Medea lets her emotions cloud her judgment and refuses Jasons offering, But you refuse what is good for youà ¢Ã¢â€š ¬Ã‚ ¦ You are sure to suffer for it (20). This is showing that Medea is more focused on betraying Jason than her childrens well being, because Jason had offered a logical argument that would have benefited her. If she had accepted Jasons offer, her children would have had some kind of support when they go t into exile. Furthermore, if Jason had been able to marry again, her children would have been considered royalty and would have had a claim for the throne. Medeas avaricious hunger for revenge eventually brings her to slaughter her children. She kills them out of her own benefit not their own, because she is blinded by her own emotions, I know indeed what evil I intend to do, But stronger than all my afterthoughts is my fury, Fury that brings upon mortals the greatest evils (35). That quote reveals her true desires when she is on stage alone. The logical argument here comes from the chorus whose position is that there is no reason good enough for her to slaughter her own children. The chorus eventually had to beg the Gods for Medea to stop and have her reconsider logically about her decision to murder her children, O heavenly light, hold her hand, Check her, and drive from out the house The bloody Fury raised by fiends of Hell (41). That quote shows that Medea has truly gone mad in that she has thrown away all of her sense of reasoning, and is focused entirely on getting revenge. Through logos, Euripides shifts the audiences sympathies from Medea to the victims of her plans. This shows that Loyalty is being emphasized more, because of Jasons offering of help, and the chorus plea to help the children. Some would argue that Euripides makes a strong case for the dangers of betrayal, and that there is not a case for loyalty. They may claim that Medea killed her children because she wanted to betray Jason. Another claim would be that the chorus betrayed Medea because she was going to kill her children. Though, that argument fails when the audience looks at the emotional and logical claims presented by the chorus and Jason. Despite the arguments the Jason presented were callous and anti feminist, the truth is that they support the value of loyalty. Jason believes that Medeas suffering was caused by her own hand, and that if she had been loyal and less emotional the whole epidemic could have been averted. An example would be Medeas exile, which was caused by her cursing the royal family, and thirst for revenge and betrayal, You called down wicked curses on the Kings family (20). Another example would be the death of the princess, which was justified by the chorus whose still loyal to Me dea, Heaven, it seems on this day has fastened many Evils on Jason, and Jason deserved them (40). During the entire play of Medea, Euripides is advocating loyalty by displaying the dangers of uncontrollable betrayal. Through the use of elucidation of secondary characters, a vivid pathos, and clear logos Euripides demonstrates the consequences of one who lets their emotions interfere with their reasoning. He is able to presents that by chasing loyalty, one could never their eyes on the path of retribution. Technological Progress Essay | IT in the Last Decade Technological Progress Essay | IT in the Last Decade Some technological inventions have affected our life greatly for the past decades, especially computers. Its true that computers really provide us more convenient life. With computers, we can deal with many documents even faster, we can use computer to control machines to work, and we can also buy what we want through the Internet on computers. Nevertheless, computers also brought some bad effects to our life; here are some examples of the bad effects that computers have brought to us. One of the bad effects is the impact for art. There are more people tend to create art works by computers, for, those created by computers are neat and tidy. In my opinion, however, they are only squares, straight lines, and other boring things, which are supposed to be called art works. From art works, we can see what an artist wants to deliver to us; we can feel the passion, the eager or even the suffer just like what the artist felt from his/her work. For example, in Renoirs paintings, we can easily find the tenderness and his pity for people because he had given his spirits to his paintings. Even though computers can also make paintings in Renoirs style, we cant see any emotion or spirit in them at all since computers can only imitate rather than create. Another bad effect is that computers have brought much solitude into peoples life. For instance, there are more and more people would like to stay home using computers rather than going out to have interaction with people. This is because these people are poorly educated in a holistic manner. Thus, your viewpoint has caused some misunderstanding. Its not a good phenomenon, for everyone has to know how to get along with others; theres no one can live on his/her own. Whats more, we cant deny that, with the help of computers, we become lazier than we used to be. For example, many students tend to find information simply on the Internet instead of going to libraries for their homework, and if their teachers ask them to hand their homework in type form, the only thing they have to do is copy the information. Therefore, students wont get anything from their assignments. When it comes to technology, some people will lose the original treasure in human beings, like diligence and sociability. We cant rely on technology too much. After all, technology is used to help us. We should take advantage of technology instead of being taken advantage of by technology. References: Karsten Bjerring Olsen, 2006. Productivity Impacts of Offshoring and Outsourcing: A Review, OECD Science, Technology and Industry Working Papers 2006/1, OECD, Directorate for Science, Technology and Industry. Robert J. Barro Jong-Wha Lee, 2000. International Data on Educational Attainment Updates and Implications, NBER Working Papers 7911, National Bureau of Economic Research, Inc. Other versions: Robert J. Barro Jong-Wha Lee, 2000. International Data on Educational Attainment: Updates and Implications, CID Working Papers 42, Center for International Development at Harvard University. Barro, Robert J Lee, Jong-Wha, 2001. International Data on Educational Attainment: Updates and Implications, Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-63, July. Dale W. Jorgenson Khuong Vu, 2005. Information Technology and the World Economy, Scandinavian Journal of Economics, Blackwell Publishing, vol. 107(4), pages 631-650, December. Mary Amiti Shang-Jin Wei, 2005. Fear of service outsourcing: is it justified?, Economic Policy, CEPR, CES, MSH, vol. 20(42), pages 308-347, 04. Other versions: Mary Amiti Shang-Jin Wei, 2004. Fear of Service Outsourcing: Is it Justified?, IMF Working Papers 04/186, International Monetary Fund. Mary Amiti Shang-Jin Wei, 2004. Fear of Service Outsourcing: Is It Justified?, NBER Working Papers 10808, National Bureau of Economic Research, Inc. Sà ©bastien Jean Giuseppe Nicoletti, 2002. Product Market Regulation and Wage Premia in Europe and North America: An Empirical Investigation, OECD Economics Department Working Papers 318, OECD, Economics Department. Dale W. Jorgenson Khuong Vu, 2005. Information technology and the world economy, Proceedings, Federal Reserve Bank of San Francisco. Anne O. Krueger Andrew Berg, 2003. Trade, Growth, and Poverty: A Selective Survey, IMF Working Papers 03/30, International Monetary Fund. Gene M. Grossman Esteban Rossi-Hansberg, 2006. The rise of offshoring: its not wine for cloth anymore, Proceedings, Federal Reserve Bank of Kansas City, pages 59-102. Andrea Bassanini Romain Duval, 2006. Employment Patterns in OECD Countries: Reassessing the Role of Policies and Institutions, OECD Social, Employment and Migration Working Papers 35, OECD, Directorate for Employment, Labour and Social Affairs. Other versions: Andrea Bassanini Romain Duval, 2006. Employment Patterns in OECD Countries: Reassessing the Role of Policies and Institutions, OECD Economics Department Working Papers 486, OECD, Economics Department. Katz, Lawrence F. Autor, David H., 1999. Changes in the wage structure and earnings inequality, Handbook of Labor Economics, in: O. Ashenfelter D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 26, pages 1463-1555 Elsevier. Olivier Blanchard, 1998. Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices, NBER Working Papers 6566, National Bureau of Economic Research, Inc. Other versions: Blanchard, Olivier, 1998. Revisiting European Unemployment : Unemployment, Capital Accumulation and Factor Prices, Research Series, Economic and Social Research Institute (ESRI), number GL28. repec:rus:hseeco:123073 is not listed on IDEAS Douglas Gollin, 2002. Getting Income Shares Right, Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April. Other versions: Douglas Gollin, 2001. Getting Income Shares Right, Department of Economics Working Papers 192, Department of Economics, Williams College. Irina Tytell Shang-Jin Wei, 2004. Does Financial Globalization Induce Better Macroeconomic Policies?, IMF Working Papers 04/84, International Monetary Fund. J. Bradford Jensen Lori G. Kletzer, 2005. Tradable Services: Understanding the Scope and Impact of Services Outsourcing, Peterson Institute Working Paper Series WP05-9, Peterson Institute for International Economics. Slaughter, Matthew J., 2001. International trade and labor-demand elasticities, Journal of International Economics, Elsevier, vol. 54(1), pages 27-56, June. Young, Alwyn, 1995. The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience, The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 641-80, August. Fajnzylber, Pablo Lederman, Daniel, 1999. Economic reforms and total factor productivity growth in Latin America and the Caribbean (1950-95) an empirical note, Policy Research Working Paper Series 2114, The World Bank.

Pie Charts Essay examples -- essays research papers

Pie Charts An important part of decision making is having a clear understanding of the information used to base decisions from. Charts can be valuable when a need to represent numerical data would benefit communicating information visually. Some of the most important aspects of a good chart are to select the right type of chart (or graph) that can best characterize the data, also, to keep the design simple in order for an audience to easily understand the information. One of the most popular types of charts is the pie chart. The pie chart is used to visually represent the proportional value of individual parts to the whole. As the name describes, this is done by representing the numerical equivalence of each part as a piece of the whole pie, which in total equates to 100%. The Pennsylvania Department of Health (2001) says that pie charts are a good choice when a relatively small amount of parts, perhaps 3 to 7, need to be represented. With any more it becomes difficult to notice the differences in magnitude; thus, the pie chart loses its simplicity and impact. They can only be used when a total amount is known, one such example would be an election where the total of votes received by all candidates equals 100% of the votes. Or a budget where the total amount spending is divided in to categories such as labor, facilities costs, advertising, etc†¦ which always are a part of the total. However, according to McBride (2003), the pie chart could n ot be used to show a change in spending through out a period. A pie chart shows data at one instance, like a snapshot and cannot be used to show change in data over time (para. 4). With the advent of computers, 3D graphs have become somewhat popular, unfortunately a negative aspect is that they add complexity to the image and can distort visual proportional value. It is recommended to stick with flat â€Å"2D† charts (para. 6). Pie charts these days are typically generated by computer software, as a result people forget that there is actually a little math involved. To create a pie chart Concordia University (2000) explains that you have to find the total value for the entire category being studied and calculate the percentage for each segment or part. Convert the percentage values for each segment into degrees relative to the 360 degrees in the circle. (For example, 12% X 360 degrees = 43 degrees). Then, Draw a circle and d... ...chart should look like with the exception of one rule, the pieces were not arranged from largest to smallest in a clockwise manner. The sizes are mixed, making less clear the relative proportions of the pieces. Pie charts can be an excellent tool for presenting information in a simple, visual and comprehensible manner. If used in the right situation and best practices are followed, the pie chart may be the tool that most influences a decision. References Pennsylvania Department of Health. (2001). Pie charts and pictographs. Retrieved January 24, 2005 from, http://www.health.state.pa.us/hpa/stats/ techassist/piechart.htm Concordia University. (2000). Pie chart. Retrieved January 31, 2005 from, http://web2.concordia.ca/Quality/tools/21piechart.pdf Sykes, A., & Smith, B. (1999). Getting started – A simple pie chart. Retrieved January 31, 2005 from, http://www.causeway.co.uk/tutorial/rainpro/apl99/dyalog/start.htm Hodges, M. (2004). Grandfather economic report series. Retrieved January 31, 2005 from, http://mwhodges.home.att.net/fed_budget.htm Perlman, H. (2003). Where is earth’s water located? Retrieved January 31, 2005 from, http://ga.water.usgs.gov/edu/earthwherewater.html

J.M. Coetzees In the Heart of the Country Essay -- Coetzee Heart Coun

J.M. Coetzee's In the Heart of the Country In the novel In the Heart of the Country, by J.M. Coetzee, the main protagonist Magda lived isolated from almost any human interaction. Due to this isolation from everything outside ‘the country’ in which she resided, combined with her inherent introvertedness and father’s callousness, her view of life was slanted according to the rare exchanges she did muster. As she was prone to bouts of incoherent thoughts and depression, any positive conversation between her and her father, Hendrik, or Klein-Anna served to maintain her sanity. An impolite few words intensified her feelings of seclusion. Likewise a neutral chat ignited optimistic plans for her life, and a favorable stance on ‘the country’. Therefore, Magda based her fluctuating attitude toward ‘the country’ (her life) on the quality of the communications with the three people she knew: her father, Hendrik, and Klein-Anna. The way in which her father regarded her had the greatest influence on her ensuing moods. For example, after trying to help him up onto the bed, begging him to respond and acknowledge her presence, he says only, â€Å"‘Water’†(67). Taking this as a declaration of her worthlessness, she became convinced that she â€Å"[was] an idea [her] father had many years ago and then, bored with it, forgot†(69) about. Locked in self-pity after his reply, she continued questioning the point of her being, feeling insignificant and wanting to â€Å"annihilate [herself]†(71). In fact, that he does not seem to notice her is also a contributing part of her disposition: after taking to bed with a migraine she comments, â€Å"I was not missed. My father pays no attention to my absence† (2). Her resentment of him grew to be so automatic that it envel... ...istress into fits of despair. Magda’s perception of ‘the country’, which was the only home and consistent companion ever known to her, varied depending upon the interactions with the only humanity she came into contact with: her father, the servant Hendrik, and his wife Klein-Anna. Each relationship affected her perception differently, and her moods were constantly volatile. Through this learned dependency on the minimal human contact she experienced, Coetzee suggests that validating one’s life based upon the actions of others is a risky and foolish lifestyle. Magda’s incessant, acidic thoughts ate at her soul until she valued herself at nothing, not unless someone was paying her attention. In the Heart serves as a warning against diminishing one’s own worth for petty and often fleeting, emotions, and lackluster validation from those with ulterior motivations.

HCL Corporate Ethics Essay

* Code of ethics statement:- HCL Core Values: * To uphold the dignity of the individual: In line with HCLT ‘s â€Å"Employees First† philosophy, wherein employees are the organization main focus, they place significant emphasis on the respect and dignity of every HCLT employee. HCLT employees are empowered to drive innovation, transforming client engagements and markedly improving client satisfaction. HCLT believes in valuing employees as individuals (not resources), upholding the dignity of all people and displaying tolerance and respect. * To honor all commitments: They keep their commitments to each other and with every stakeholder. * Commitment to quality, innovation and growth in every endeavor: HCLT is committed to supporting quality processes and employee productivity through a working environment and culture in which they feel appreciated and allow innovation to thrive. * To be responsible corporate citizens: They believe in encouraging a sense of social responsibility and to give back to society. They take pride in being a company with a strong social conscience. They firmly believe that every drop counts and every step aimed at helping the community is an important step. Their commitment to making a positive difference to the community and the environment in which they operate is a sustained effort and not just a one-off initiative. EFCS culture at HCL: They create value in a specific place, the interface between their HCLT employees and their customers. This is called the â€Å"value zone.† The â€Å"Employees First, Customers Second† (EFCS) philosophy is about placing the employees first and customers second to activate the value zone – the place where the frontline employees interact with customers and create real value for them. This recognizes employees as the strategic elements, turns the management structure upside down and democratizes HCLT‟s functions and way of working. Every employee who works in the value zone is capable of creating more or less value. The whole intent of EFCS is to do everything that can enable those employees to create the most possible value. This approach has led us to take a number of actions to turn the organizational pyramid upside down. In other words, they want management to be as accountable to the people in the value zone as the people in the value zone are to management. Their recruitment and promotion policies are based on meritocracy and ability to learn, adapt and assimilate change. They ensure equal opportunities irrespective of gender, nationality, disability, sexual orientation, religion or ethnicity in hiring, pay and/or career advancement. They focus on promoting workplace diversity and have specific supplier vendor diversity programs.

Askari Bank Report

Company Profile |Products |Sell Offers |Buy Offers |Contact Details | |Askari Bank, one of the leading banks of Pakistan. The bank was founded in 1992, and in the 18 years since, our growth and success patterns have far outgrown industry standards. Askari Bank has expanded into a nationwide presence of 150 branches, and an offshore banking Unit in Bahrain. A shared network of over 1,100 online ATMs covering all major cities in Pakistan supports the delivery channels for customer service. As on December 31, 2007, the bank had equity of PKR 12. 27 billion and total assets of PKR 182. 17 billion, with over 800,000 banking customers, serviced by 6,808 employees. We have reinforced our products with new deposit schemes bearing competitive rates of return and packed with excellent service of first choice. Our modern electronic banking services have been developed with hard work, feedback from stakeholders and research providing better banking solutions. Askaribank continuous growth over the years is based on service to communities and customers by friendly, professional and experienced bankers trained to deliver exceptional banking services. [pic] Corporate Information Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operation on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and Agricultural banking. Corporate Social Responsibility is an integral part of the way we do business. In order to fulfill our CSR objectives, we attempt to promote public interest by encouraging community growth and development through sponsoring social service events, supporting education, sports, and environment and also contribute in socio-cultural activities. Awards and Achievements    |   | | » |â€Å"Best Retail Bank in Pakistan† by The Asian Banker. | |   |   | | » |†1st Consumer Choice Award† by the Consumer Association of Pakistan. 2004 | |   |   | | » |†Corporate Excellence Award† by the Management Association of Pakistan (MAP). 002, 2003 & 2004. | |   |   | | » |â€Å"The Best Bank in Pakistan† by Global Finance magazine. 2 001 and 2002. | |   |   | | » |â€Å"Best Consumer Internet Bank† Global Finance magazine. 2002 and 2003. | |   |   | | » |†Euromoney and Asiamoney Awards† 1994, 1996 and 1997. | |   |   | | » |â€Å"Best Presented Annual Accounts† by (ICAP) and (ICAMP). 000, 2001and 2002. | |   |   | | » |â€Å"The Best Presented Annual Accounts† by South Asian Federation of Accountants (SAFA), in the SAARC region. | |   |   | | » |â€Å"The Best Consumer Banking Award 2006† by the Consumer Association of Pakistan. 007 | |   |   | | » |â€Å"The Best Retail Banking Award 2008† by Pakistan Guarantee Export Corporation Ltd. 2008 | |   |   | | » |†Best Corporate Report Award for the year 2008†³ by ICAP & ICMAP. 008 | |   |   | | | | | | | | | | | | | | | |  [p|Branch network | |ic]| | |   | | [pic] | | | | » | |All Branches: | |202 | | | |[pic] | | | | » | |North Region: | |68 | | | |[p ic] | | | | » | Center Region: | |66 | | | |[pic] | | | | » | |South Region: | |68 | | | |[pic] | | | [pic][pic][pic][pic] Top of Form [pic][pic] Bottom of Form †¢ Home †¢ Reports o Accounting o Management o Marketing †¢ Articles †¢ Internship †¢ Presentations Askari Bank Internship Report Posted by reports On September – 22 – 2010 Comments Off EXECUTIVE SUMMARY: The Department of Administrative Sciences offers Masters degree in Business Administration. They are giving the best education and are offering for specialization, financial management, marketing management, human resource management and computer application to business. An important program is six to eight weeks internship with any recognized institution. I decided to take up Askari Bank Limited for my internship because it is a competing Bank nowadays and gives a good training to the internees. So in order to learn more this was my choice. This report is about my internship that I have undergone at Askari Bank Limited Multan Branch from 2nd June 2008 to 18th July 08. During my internship I am able to learn practical aspect of business, and get good working experience. On the very first day of my internship I reported to Operation Manager Mr. Noor ul Islam. He gave me small introduction of the Bank and introduced me to the staff of the Bank. Every internee is rotated among the Bank’s departments and so was I. This rotation is done in order to have general concept regarding Bank’s functions, operations and policies. In this rotation the stay in department is usually a week. I have learned more about the Basic Banking, Credits and Foreign Trade department and have given below the caption of activities I was involved in during the period of six weeks. During my internship I found that Askari Bank is a best Bank in Multan because most of the Exports and Imports in Multan are done through this Bank. Multan is one of the cotton growing cities of Pakistan. Most of the businesses in Multan are directly or indirectly linked to cotton that is also the case with Askari Bank’s clients. Because Multan is an Agricultural City, and its major export is Cotton and Mango. So its export is done on seasonal basis. In the season of cotton and Mango export Askari Bank get its target easily but difficult for it to get its target in the off season. Low profit rates used to be one of the major reasons for not meeting the deposit targets. The profit rates on Askari deposit schemes were quite low when compared with other Banks especially with the National Saving Centers, but now Askari Bank is giving a comparatively high profit rates to its customers. In today’s every customer is a rational customer, he knows the value of money and wants a best return on his money. INTRODUCTION TO BANK: Askari Bank Limited (AKBL) works as a Unit of Army Welfare Trust was established for the Welfare of Army Officials. The office of Army Welfare Trust is situated at AWT Plaza, Rawalpindi. AWT offers the â€Å"AWT Saving Scheme† to the army officials only. AWT has its units as under: †¢ Askari Associates. †¢ Askari Leasing. †¢ Askari General. †¢ Private Business. †¢ Textile Mills. †¢ Cement Industry. †¢ Askari Commercial Bank. Askari Bank Limited was incorporated on October 9, 1991, as a Public Limited Company, and is listed on Karachi, Lahore and Islamabad Stock Exchanges. The Bank obtained business commencement certificate on February 26, 1992 and started operations form April 1, 1992. Askari Bank is scheduled Commercial Bank and is principally engaged in the business of Banking as defined in the Banking Companies Ordinance 1962. Askari Bank Limited continues to scale new heights in all areas of its operations. The safety and security of depositor’s funds, high productivity and optimum use of technology are the hallmarks of its corporate strength. In 1994, AKBL earned international recognition as Asia Money Award and the title of â€Å"Best Commercial Bank of Pakistan† for the year 1994, while Euro money declared the Bank as best domestic Bank of Pakistan for the year 1995. ASKARI BANK LIMITED MULTAN Askari Bank Limited Multan was inaugurated on December 28,1994. It is located on Abdali Road Opposite to PIA Office. The location is connected to all the main trade centers in Multan. It is a prosperous branch streaming towards great achievements. At the time of its establishment the factored who were considered are as follows †¢ Multan is zone covering a large population. †¢ Multan City is linked to many big cities. Agro based area constituting growers and gainers †¢ Army Offices & Fort Colony †¢ Educational Institution DEPARTMENTS: The bank has following department: †¢ Account Opening department †¢ ATM Department †¢ Credit Card Department †¢ Account Department †¢ Credit Department †¢ Remittance Department †¢ Foreign Trade Department †¢ Cash Department ACCOUNT OPENING DEPARTME NT Borrowing funds from different sources has become an essential feature of today’s business enterprises. But in the case of a bank borrowing funds from outside parties is al l the more vital because the entire banking system is based on it. The borrowed capital of a bank is much greater their own capital. Banks borrowing is mostly in the form of deposits. These deposits are lent out to different parties. Such deposit creation is done through opening an account in the Bank. In AKBL Multan Mr. Sheeraz Hassan is operating the account opening department along with performing some auxiliary functions of Check Book Issuing TYPES OF ACCOUNTS In AKBL, there are the following types of accounts: †¢ Current account. †¢ Saving Account. †¢ Askari Special Deposit Account. (ASDA) †¢ Basic Banking account †¢ Term Deposit. CURRENT ACCOUNT In current account there is no interest on it. It is for only transaction purposes. They are paid on demand. When a banker accepts a demand deposit, he incurs the obligation of the paying all cheques drawn against him to the extended of the balance in the account. As there is no profit paid on this account it is also called chequing account because cheques can be drawn on it. Current account is mostly opened for business. SAVING ACCOUNT The purpose of this account is to induce the habit of saving individuals in the neighborhood. The minimum deposit for opening the account is Rs. 1050/- (as obvious in the Annexure). Though individuals open such accounts for saving purpose, persons belonging to Armed forces and different military institutions are free to use this account on current basis. ASKARI SPECIAL DEPOSIT ACCOUNTANT ASDA account is an interest bearing current account interest is paid. The payment of return is monthly, where as the rate of return with aspect to the amount of minimum deposit clear from deposit schedules in following table). It is also chequing account because cheques can be drawn on it. It is necessary for this account that the client must maintain a minimum balance of Rs. 0,000 at the end of the month. That’s why it is similar to current account. It is mostly opened by Business but individuals too open this account. Tax of 0. 3% would be deducted on ASDA if withdrawals are more than Rs. 25,000. TERM DEPOSITS A term deposit is a deposit that is made for a certain periods of time at the end of the specific period. the customer   is allowed to with draw the principle a mount . AKBLs Term deposits are of types clear in the deposit scheme in the table). One of them is â€Å"Askari† Advantage one month. The rate of return on this account is set by head office. The term deposit account vary one month to 1 year for all following accounts (as clear from Deposit Scheme in the table). †¢ The amount of profit is given to depositors in three ways: †¢ By cash †¢ By sending a bank Draft to depositors Home address or Officers or whichever is specified as mailing Address. †¢ The amount is credited in any one of the checking Accounts of the depositor. ACCOUNT OPENING PROCEDURE Fro the chequing accounts (C/A, ASDA, SAVING), there are different types of account holders are required for all these types of account holders. The operation /procedure requirement that is needed for † Individual Account † differ greatly from † Joint account † proprietorship â€Å"Partner ship â€Å", â€Å"Limited Company† and â€Å"Club society   or Association † as explained below. INDIVIDUAL’S ACCOUNT When a single man or women opens an account in his/her own name and has the right to operate it is called individual Account. DOCUMENTATION REQUIREMENT For literate person copy of National Identity Card is required as a primary requirement. For illiterate person and Veiled Women, along with the copy of National Identity Card requirement he or she must come in person for opening the account. OPERATION †¢ The person place a â€Å"Check Mark † in the type of account and type of operation required †¢ He/She fills in part-I of the form , a fix his /her either two or four similar signature   (or thumb expression   in the signature space and get it introduced and signed by a person   who already has an account with the bank and write his account no in the specific rows in a specific space. †¢ The person fills in â€Å"next of Kin † position where he/she father, mother, husband/wife or any other relative’s name, his /her address, phone no and affix his/her signature to certify this requirement. This requirement is needed because in his/her absence bank can have correspondence with the specific person. †¢ The person put her /his signature († or thumb expression) on the signature Specimen Card (SS CARD) similar in the area on the form. One the back of S. S card mailing address, telephone no, Person to contact and introducer space is filled in. All these requirement are necessary for future †¢ The person deposits the initial amount for opening account on to the cash counter. The person put his signature on form -A (check book requisition) on two places in â€Å"authorized signature† and fills in the â€Å"Title of Account space by writing his name. †¢ If the person put his signature in Urdu or any language other than English, he signed a â€Å"Vernacular form† where under take that affixed signature are original and his own signature and two postal size photos are needed. †¢ The next day is the opening of account. JOINT ACCOUNT When two or more persons, neither partners, nor trustees, open an in their name is called joint Account. Husband and wife or two persons of same sex can open joint account. DOCUMENTATION For joint account copy of National Identity Card of all the persons is obtained other things remaining same as in individuals account. OPERATION †¢ The person checks the type of amount and type of operation required in the respective box on the form. †¢ The persons fill in the Part-I and part-II in the form. †¢ Signatures of both persons are obtained on the form in the area specified for signature and S. S. Card. †¢ In the title of account space names of all the persons are mentioned. †¢ Accounts holder specified in the form that they will operate the form singly or jointly. PROPRIETORSHIP ACCOUNT When an owner of a firm operating singly, opens an account in his firm name, this account is called a proprietorship Account the proper himself liable for all his acts. DOCUMENTATION REQUIRED For this kind of account, an application for opening the account on the firm letter -pad (having the firm name) is required along with the NIC Card of proprietor. OPERATION All operation remains the same except that the firm name is written in the â€Å"Title of the Account† area and signature of the proprietor are affixed in the S. S. Card and the area specified for signatures on the form. PARTNER SHIP ACCOUNT The account is opened in the firm name and all partner designate one two persons to act on behalf of the partner ship firmer all acts on behalf of firm. The partners in the partnership firm are liable for the acts of the firm jointly and severely. Every partner has in a firm has an implied authority bind his co. partners by drawing and enclosed cheques. DOCUMENTATIONS †¢ Copy of N. I. C card of all partners †¢ Application to open the account on the firm letter pad. †¢ Partner ship deed in case registered partnership firm. †¢ Letter showing the implied Authority of one or more partners to act on behalf of the firm. In case of non -registered partnership firm, understanding on behalf of the firm to remain liable for all acts of the firm. †¢ Name, address of all partners is written on the pad. OPERATION All other requirement remain same except that the form is dully signed by all partners cards are signed by all those partners who will act on behalf of the firm and along filling part-I , Part-Iv is also filled. LIMITED COMPANY ACCOUNT This account is for limited companies. In order to facilitate their transaction with outside parties, bank provides many facilities. DOCUMENTATION REQUIRED Memorandum of Association. †¢ Articles of the Association †¢ Resolution of the Board of Director. †¢ Certificate of Incorporation. †¢ Certificate of commencement of business †¢ N-I-C OPERATION The persons authorized in the Resolution of the Board of Directors put their signatures on S. S Cards. Next of kin â€Å"requirement â€Å"is not need in case of a Limited Company. After completing each and every formality, introducer signature is verified by S. S card and is stamped â€Å"Verified† customer signatures are admitted by stamping â€Å"Admitting† near signature and again signatures on S. S card are admitted in the same way. The same process of verification and admission of the signatures is repeated on Form-A and next of Kin area. After completing each and every formality, Accountant is open in the computer by writing name, address, A/C Number etc. LETTER OF THE THANKS At the start of the letter 2nd day, AKBL issues letter of thanks to â€Å"Account opener† and â€Å"account opener† and † Account Introducer † for the trust the have on AKBL. CHECK BOOK ISSUING Check books are issued only for checking account such as current Account, saving Account and ASDA Account. They are not issued for other fixed and term deposits because of their Long term Accounts â€Å"nature. † ISSUING PROCEDURE †¢ Signatures on cheque – book requisition are verified by matching with signatures on SS. †¢ Cheque – book leaves number, account number, account holder’s name are mentioned in the cheque- book is made by mentioning the and the total of sum of excise duty and provincial tax. †¢ The name of A/c holder and date of cheque – book issuance is written on cheque – book requisition the account-opening officer puts his initials on requisition leave. A/c number is stamped over the leaves of cheque – book and finally authorized person affix his   signature over the debit voucher   and he voucher is attached from the cheque book and is handed   over to the customer . RECEIVING INWARD CHEQUES Another responsibility and function of account Opening Department is to receive Inward cheques for collection of o ther Banks as well as of AKBL . Then these cheques are sent to clearing official who clears these checks at SBP from other banks. ACCOUNT CLOSING Account is closed on the written request of the customer AKBL free of cost. But to surrender the cheque book yet if some leaves are yet to be write to the bank as a necessary requirements for closing the account. PROCEDURE †¢ The customer for individuals account write an application to the manager of the bank an a simple paper about the closing of his account with the bank (In case of proprietor ship partnership and limited company account the application should be written an firm or company letter –head) †¢ The individual or in case of other type- proprietor firm and company surrender the cheque book to the bank. The cheque book is then torn from one side and is attached with the application. †¢ In case of Ltd. Company account resolution of the board of directors is also obtained to attach it with the application. †¢ The account opening form of the account holder is taken from the account-opening file, and the application, cheque book, and resolution of board of directors in case of limited company account are attached with the fo rm. †¢ Lastly, it is written in â€Å"Red Ink on the form that account closed† and â€Å"Date of account closing. † EVERYDAY POSTING Following transaction of cheque book is posted:- Dr_____________ party A/c  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   50(for 10 leaves) Rs 5/leave. ATM- CARDS DEPARTMENT This department deals in issuing   ATM-Card, term deposits and Askari Bachat Certificate. Mr. Sheeraz Hassan deals this department. ATM CARD ATM – Cards are only issue to Account Holder ISSUING PROCEDURE †¢ The person, first open the account within the blank. †¢ Then he fills the ATM application form in which name of account holder, Fathers name account number and   N. I. Card number are mentioned. †¢ A copy of N. I. card is also attached with the application form. After completing this process, the application package is sent to head office †¢ ACBL head office takes a period of 3-4 weeks for preparing and processing of ATM – cards. First, list of card holder is issued and then after 15 days cards are send to ACBL’s issuing branch. The card and list are not sent si multaneously in order to avoid any mishandling. †¢ ACBL takes Rs. 350/- for 1st time issuance as charges for a card †¢ Biannually takes Rs 75. ACCOUNTING DEPARTMENT Accounts department is a department which deals and checks all the activity of all the department . It also deals in expression of finance of the bank. Salary payment is also one function of the bank. CHECKING BANK’S DAILY ACTIVITY Accounts department deals and checks the entire working of the Branch; all the vouchers that have been posted at the computer are scrutinized in accounts department. The â€Å"End of Day† i. e. computer print is also received from the computer. The next day the activity is separated some statements from the â€Å"End of Day†. Then next day activity separated some statements from the â€Å"End of Day†. The vouchers are sorted   out head wise. The vouchers are matched with the entries in the statements. Any abnormality if occurs, is immediately dealt with. All the vouchers and instruction are checked individually are checked individually against the computer printouts. After checking they are signed by Mr. .Naeem Shehzad and the internal auditor Mr. Shafiq. OTHER ACTIVITIES †¢ Preparation of daily bank positions statement †¢ Payment of salaries †¢ Preparation of the statements †¢ Depreciation calculation †¢ Lockers Issuance REMITTANCE DEPARTMENT: The need of remittance is commonly felt is commercial life particularly and in everyday life generally. The main function of the remittance department is to transmit money from one place to another. By providing this service to the customer, Bank earns a lot of income. Also customer is able to meet its day to day financial requirements. Demand Draft: It is an instrument payable on demand for which value has been received, issued by the branch of the Bank drawn i. e. payable at some other place (branch) of the same Bank. If two Banks are involved then the DD is sent to other Bank but in other case it is handed over to the applicant. Issuance Procedure: A demand draft application is given to the customer, he fills in relevant information and signs it. †¢ The officer checks the information form. †¢ The Bank charges such as commission, excise duty is charged as per effective schedule of charges. If he fills the tax exemption form, tax is not charged. †¢ In case of cash deposit, the cashier counts the amount and signs the DD application and enters it in the register. †¢ Then the officer of remittance department signs it and operation manager counter signs it. †¢ The entry is made in the DD issuing register, DD is given to the customer. Vouchers are prepared and posted. †¢ DD advises are printed and mailed to the respective branch. Payment Procedure: †¢ The Bank receives DD. †¢ The DD credit advice is received through mail. The numbers are checked and signatures are verified. †¢ An entry is made on the DD payable register and the vouchers are made. †¢ DD credit is attached with the vouchers and given for posting to the computer. †¢ When DD is received the test numbers are checked and the payment is made. †¢ Vouchers are given for posting and the entry that was made in the register is closed i. e. DD payable is Nil. Pay Order: It is an instrument issued for payment in same city. Pay order issued from on e branch can only be payable from the same branch. It is normally referred to as Banker’s cheque. It is also called confirmed cheque, because   Bank issues this on it own guarantee. Issuance Procedure: †¢ The standard form is given to the customer. He fills in the details and signs it. †¢ The concerned officer checks the form. †¢ Bank charges (or commission) as per the schedule of charges and the withholding tax of 0. 3% are applied. †¢ The cash amount of the pay order is received. A cash memo is signed, stamped and handed over to the applicant as a receipt. †¢ Then the pay order receipt is filled accordingly. †¢ Counter foil is also filled. †¢ An entry is made in the pay order issue register. †¢ Then the authorized officer signs it after checking the pay order. †¢ The order is then handed over to the applicant after obtaining his signature on the PO Form. †¢ A voucher is also made and posted at the computer. Payment Procedure: †¢ On presentation of the pay order receipt, two authorized officers of the branch sign the receipt. †¢ PO entry is made in the PO issue register. Then the amount is credited to the account of the customer or pain in cash. †¢ PO is posted at the computer. Outward Bills for Collection: The bills, which are received by the Bank and sent to other cities (branches) for the local clearing in that city, are called Outward Bills for Collection. Procedure: †¢ The cheques that are of other cities are separated. †¢ They are entered in the OBC Register and OBC numbers are given to them. †¢ The OBC forwarding schedules are prepared for different branches. †¢ The respective cheques are attached with the schedule. †¢ The office copy is filled and original schedule is mailed. On clearing, the respective Banks send back the OBCs along with the IBCA (Inter Branch Credit Advice). †¢ The OBC numbers are checked from the OBC register, after that entries are made. †¢ Commission charges are deducted from the account. Inward Bills for Collection: The bills, which are received by the Bank from other branches out of the city for local clearing are called Inward Bills for Collection. Procedure: †¢ The OBC of other branches will be the IBC of this branch. So an OBC forwarding schedule is received by mail. †¢ The cheques are entered in the IBC register. The IBC numbers are allotted to them. †¢ The cheques are lodged for clearing. †¢ After realization, an IBCA is prepared and mailed to the branch from where the cheque was received. †¢ At the end of the day, two vouchers are prepared and posted. FOREIGN TRADE DEPARTMENT Foreign trade department deals in: †¢ Foreign currency account †¢ Exports †¢ Imports FOREIGN CURRENCY ACCOUNT Mainly this account deals in individual, personal and companies account CRITERIA FOR OPENING FOREIGN CURRENCY ACCOUNT There are not hard and fast rules for becoming the Foreign Currency Account holder. Bank wants only introduction of the Client and very little about the background. I. D card is also not necessary, if someone has; well and good, otherwise no restriction will be there for him. FEATURES OF FOREIGN CURRENCY ACCOUNTS †¢ There will be legal protection for the account holders. †¢ According to foreign exchange rules and regulation every citizen of Pakistan, either within the Pakistan or outside the Pakistan, can open the foreign currency account. †¢ Resident firms and Resident Companies including investment Banks can open Foreign Currency Accounts. All foreign nationals and foreign Companies in Pakistan or abroad can open Foreign Currency Accounts. †¢ Opening of Foreign Currency Accounts in the joint names of residents/non-residents is permissible. Foreign Currency can be deposited by: †¢ Remittance received from abroad †¢ Foreign Currency Notes †¢ There will be no restriction and questioning to him about the currency, which he wants to d eposit that from where he got that money. †¢ No Zakat will be deducted on these accounts; no Income Tax deduction, no Wealth Tax deduction will be there. These incentives reinforce and motivated the people to invest in foreign currency accounts rather to keep the foreign currency idle. †¢ Foreign currency accounts can easily be transferred from one person to another, one place to another, with in the ACBL Branches or in other Bank. †¢ The account holder can transfer the funds freely, in any currency to any part of the world. †¢ Foreign currency Accounts can be used for payment of purchases at Duty Free shops. FACILITIES This account provides following facilities: †¢ Traveling quota †¢ Out ward remittances †¢ In ward remittances receiving To make remittances procedure flexible EXPORT Mainly export deals in: †¢ Negotiation of documents †¢ Sending the documents for collection †¢ Pre-shipment financing †¢ Post-shipment financing â⠂¬ ¢ Remittance against agent commission †¢ Forward covered booking †¢ Handling the documents for negotiation according to the UCP 500 (uniform custom and practices) †¢ Handling the documents for collection according to URR (uniform rules for collection) †¢ Submission of monthly returns to SBP regarding the export on form A-2/O-2 IMPORT †¢ Opening the letter of credit Scrutinize the documents receive from flowing bank under letter of credit. Account to UCP 500 and extending the credit facility to the importer informs FIM (finance against imported merchandise) FATR (finance against trust receipt). †¢ Arrange forward cover booking regarding import payments †¢ Also arrange forward cover booking for letter of credit open other then ACBL †¢ Submission of monthly returns to SBP regarding the import on form I SWOT ANALYSIS SWOT (Strength, Weaknesses, Opportunities & Threats) analysis of AKBL is described below: Strengths: AKBL has got a well-develope d on-line system in most of its branches. Remittance Department is working very efficiently in transferring the funds of people due to this system. †¢ The Bank has also started ATM facility in most of its branches. 24-hour Banking is new trend in Pakistan and AKBL has also taken apart in this trend. †¢ One distinctive feature of the Bank is that it is the only Bank working for the welfare of army officers, which was established by Army Welfare Trust. †¢ The productivity of the Bank is very good. Bank is providing a high quality service to its customers. AKBL have strength that most of the imports which are done in Multan are handle by AKBL Multan. Weaknesses: †¢ AKBL has lesser number of branches as compared to many other branches. Due to this problem, army officers can not avail the benefits of their own Bank. †¢ The human resource department is not performing the function of selection and recruitment very effectively. Selection process is not on merit due to which competent persons cannot be selected. †¢ Bank should boost the product development and increase the range of facilities offered for customers. Bank is weak in its credit management. Bank should lend to very sound parties and increase its payment rate. Opportunities: †¢ Govt. is taking very bold steps to promote IT in Pakistan. AKBL has an opportunity to improve in technology. †¢ AKBL is surrounded by many competitors. It has an opportunity to do aggressive marketing to increase its business. †¢ AKBL may increase its branches in competitive areas Threats: †¢ AKBL has many competitors, which are continuously increasing its products and marketing aggressively. It may cause its customers to shift to competitors. Some other Banks have competent taskforce, which is also a threat for AKBL. Because human resource is the most valuable resource. †¢ Due to the increased bad situation of Pakistan in which army is considered to be involved increase the freq uency of withdrawals, which would decrease deposits. Financial Analysis: Financial Highlights The current year’s profit (2007) after taxation of the bank stood at Rs. 2,681,012 as compared to Rs. 2,249,974 for last year. The deposits decreased by 16. 49% to Rs. 11,197,424 as against Rs. 13,044,593 as on 31 Dec 2006. The loans and advances figure stood at R. 5,521,030 reflect on the improving market image of Askari Bank as a formidable financial institution. Ratio Analysis The information contained in the four basic financial statements is of major significance to various interested parties who regularly need to have relative measures of the company’s operating efficiency. Relative is the key word here, because the analysis of financial statements is based on the use of ratios or relative values. Ratio analysis involves methods of calculating and interpreting financial ratios to analyze and monitor the firm’s performance. The basic inputs to ratio analysis are the firm’s income statement and balance sheet. |Ratios |2007 |2006 | |Current ratio |1. 03 |1. 04 | |Total asst turnover |0. 11 |0. 09 | |Debt ratio |0. 93 |0. 3 | |Gross Profit margin |0. 11 |0. 22 | |Operating profit margin |0. 21 |0. 12 | |Net profit margin |0. 22 |0. 26 | |ROA |0. 02 |0. 02 | Earning asset to total assets Earning assets are the assets which are very important for any company for the bank earning assets are the assets on which bank can earn its profit which may includes loans, advances, operating fixed assets and other assets on the loans and advances bank can make profit by giving or investing in some where so Askari Bank has increased it’s earning assets in the year 2007 as compared to the previous year that show the good trend in the profitability of the Askari bank and the customer believe on the Bank. Ratio tells that on what percentage earning assets contribute the total assets. Well bank also has increased it’s earning assets ratio shows the more profitability of the bank as it can be shown by the profit and loss account of the 2007 that shows the net mark up income more for the year as compared to the previous year so bank is going gradually to the more profitability by giving more advances and loans. Earning assets ASSETS |2007 | | | | |Cash |13356055 | |Balances with other banks |3497054 | |Lending |14444143 | |Investments |39431005 | |Advances |100780162 | |Operating fixed assets |5128428 | |Total earning Assets |176636847 | |Other assets |5535038 | | | | |TOTAL |182171885 | Total Earning Assets:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Rs. 176636847 Formula: Earning Assets / Total Assets = 176636847 / 182171885 = 0. 969616 Return on earning asset This ratio indicates the how much of earn ing assets take part in making of the profit before taxation. This ratio is decreased during the year. Why   is it so it has different reasons these are as follows Profit before taxation was more in the previous year as compared to the year 2007 because bank has low expenses and less provision for the bad debts and also bank has small investments and limited loans and advances but in 2007 situation has changed and bank increased its loans and advances. Earning assets were also low in the previous year as compared to the 2007 so overall ratio has been decreased but shows the good trend for the making of long term planning Formula: Profit after tax / earning assets = 2,681,012 / 176636847 = . 015 Loan loss coverage ratio This important figure is a reserve account to cover unexpected defaults on loans by borrowers. These are generally referred to as no performing loans. The higher the no performing loan and charge-off percentages, the higher the provision for loan losses should probably be. Consequently, this would reduce net income and earnings per share. Well in the year 2007 bank’s this ratio has been increased to a great extent due to different reasons theses are as follows. Profit before taxation is low for the 2007 due to more expenses because bank is in expanding mode that’s why its expenses are increasing day by day. Provisions and bad debts also increased in the year 2007 because bank also has invested more in this year and ad more also granted more loans. Formula: Provision against non-performing loan and advances / profit (loss) before tax = 3,920,240 / 2,299,785 = 1. 70 Loan to deposit Well there is a concept that bank’s loans are its assets while its deposits are liabilities. But if a bank has low deposits then obviously it will give low loans because bank gives it’s loans by the deposits and earn on the loans then pay mark up on the deposits to the customers. Well bank has increased its loans to deposits ratio in the year 2007 showing its more deposits as well more loans and that is good for the bank to remain in the market and to penetrate in the market. But profit has not increased with the same ratio because Bank has low mark up rates Bank has more capacity for provisions Formula: Loans / deposit = 14444143 / 11,197,424 = 1. 289 Current ratio This ratio indicates the liquidity of the bank. Well this ratio has been decreased but nt much decreased during the year to a small extent due to Bank has increased its deposits so liabilities have been increased. Bank has increased its assets as well to overcome the liabilities. So overall we can say bank is the liquid enough to pay its liabilities Formula : Current assets / current liabilities = 171508419 / 166214583 = 1. 03 Debt Ratio: Debt ratio remained the same in previous year it was . 93 and in 2007 its again 0. 93. Bank has not decreased its debt ratio in 2007. Net Profit Margin: Net profit margin of a bank has been increased from 0. 12 to 0. 21. Horizontal and vertical analysis Comparing analytical data for a current period with similar computations for prior years affords some basis for judging whether the condition of the business is improving or worsening. This comparison of data over time is called as horizontal or trend analysis, to express the idea of reviewing data for a number of consecutive periods. It is distinguished from vertical analysis or static analysis which refers to the review of the financial information of only one accounting period. HORIZONTAL ANALYSIS Balance sheet accounts | |2007 | |2006 | |%age | |ASSETS | | | | | | | | | | | | | | | |Cash | |13356055 | |14879230 |-1523175 |-10. 2369 | |balances wid other banks | |3497054 | |7333002 |-3835948 |-52. 3107 | |Lendings | |14444143 | |8392950 |6051193 |72. 9852 | |Investments | |39431005 | |28625915 |10805090 |37. 74583 | |Advances | |100780162 | |99179372 |1600790 |1. 614035 | |o. fixd assets | |5128428 | |3810331 |1318097 |34. 59272 | |defferd tax assets | | | | | | | |other assets | |5535038 | |3812788 |1722250 |45. 7036 | | | | | | | | | |TOTAL | |182171885 | |166033588 |16138297 |9. 719899 | | | | | | | | | |LIABILITIES | | | | | | | | | | | | | | | |bills payable | |2627051 | |1839077 |787974 |42. 4617 | |Borrowings | |17553525 | |14964087 |2589438 |17. 30435 | |deposits&other acc | |143036707 | |131839283 |11197424 |8. 493238 | |sub-ord loans | |2997300 | |2998500 |-1200 |-0. 04002 | |liabl against assets | | | | | | | |deferred tax liab | |471519 | |736298 |-264779 |-35. 608 | |other liab | |3219796 | |2603113 |616683 |23. 69021 | | | | | | | | | |TOTAL | |169905898 | |154980358 |14925540 |9. 630601 | | | | | | | | | |Net assets | |12265987 | |11053230 |1212757 |10. 97197 | PROFIT and loss accounts |2007 | |2006 | |%age | | | | | | | | |interest earned |15143241 | |12596921 |2546320 |20. 213 83 | |interest expensed |8685624 | |6977313 |1708311 |24. 48379 | | | | | | | | |net mark up/interest income |6457617 | |5619608 |838009 |14. 1223 | | | | | | | | |loans & advances |3920240 | |1128137 |2792103 |247. 4968 | |value of investment |1501 | |376 |1125 |299. 2021 | |bad debts written off | | | | | | | |3921741 | |1128513 |2793228 |247. 14 | | | | | | | | |interest income after provision |2535876 | |4491095 |-1955219 |-43. 5355 | |Non markup/interest income | | | | | | | | | | | | | |fee,comm,brockerage income |1072868 | |1013660 |59208 |5. 41012 | |dividends income |137079 | |109326 |27753 |25. 38554 | |income from dealing in for curr |655761 | |584344 |71417 |12. 22174 | |gain on sale of inv |2361251 | |112474 |2248777 |1999. 375 | |unleasing gain |1728 | |-2308 |4036 |-174. 87 | |other income |336809 | |321758 |15051 |4. 77739 | | | | | | | | |total non markup/interest income |4565496 | |2139254 |2426242 |113. 4153 | | | | | | | | | |7101372 | |6630349 |471023 |7. 104045 | |Non markup/interest expense | | | | | | |admin exp |4789536 | |3277353 |1512183 |46. 4038 | |other pro/write offs | | | | | | |other charges |12051 | |6141 |5910 |96. 2384 | | | | | | | | |total non markup/interest expense |4801587 | |3283494 |1518093 |46. 23407 | | | | | | | | | |2299785 | |3346855 |-1047070 |-31. 852 | | | | | | | | |Profit before taxation | | | | | | | | | | | | | |current yrs |98535 | |983875 |-885340 |-89. 985 | |prior yrs |-233950 | | | | | |Deferred |-245812 | |113006 |-358818 |-317. 21 | | | | | | | | | |-381227 | |1096881 |-1478108 |-134. 756 | |Profit after taxation |2681012 | |2249974 |431038 |19. 15747 | | | | | | | | |profit brought forward |1799979 | |1617597 |182382 |11. 7487 | | | | | | | | |profit available for appr. |4480991 | |3867571 |613420 |15. 8606 | VERTICAL ANALYSIS balance sheet accounts | | |2007 | |2006 | | |ASSETS | | | | | | | | | | | | | |cash | |13356055 |7. 331567657 |14879230 |8. 961578 | |balances wid other banks |3497054 |63. 8030698 |7333002 |4. 416577 | |lendings | |14444143 |7. 928854115 |8392950 |5. 054971 | |Investments |39431005 |21. 64494538 |28625915 |17. 24104 | |advances | |100780162 |55. 32146851 |99179372 |59. 73452 | |o. fixd assets |5128428 |2. 815158881 |3810331 |2. 294916 | |defferd tax assets | | | | | |other assets |5535038 |3. 038360173 |3812788 |2. 296396 | | | | | | | |TOTAL | |182171885 | |166033588 | | | | | | | | | |LIABILITIES | | | | | | | | | | | | |Bills payable |2627051 |1. 442072689 |1839077 |1. 107654 | |Borrowings |17553525 |9. 635693784 |14964087 |9. 012687 | |deposits&other acc |143036707 |78. 51744357 |131839283 |79. 40519 | |Sub-ord loans |2997300 |1. 645314259 |2998500 |1. 80596 | |liabl against assets | | | | | |deferred tax liab |471519 |0. 258831927 |736298 |0. 443463 | |other liab | |3219796 |1. 767449461 |2603113 |1. 67823 | | | | | | | | |TOTAL | |169905898 | |154980358 | | | | | | | | | |Net assets |12265987 | |11053230 | | Findings on the basis of analysis By the horizontal or comparative analysis in which base year is taken as 2006 certain changes are measured in the Bank’s performance. Cash with other banks and balances with other banks gradually increased in the time line showing the bank’s good performance and this indicate that bank can earn more by making balances with the other banks. Lending to financial institutions not done in the last year due to more investments done by the bank and by giving more and more advances to the customers but this also has increased the bad debts and provisions of the bank as compared to the previous years. Operating assets has been decreased so that is in favor of the bank. On the liabilities side bank also has increased it’s bills payable that shows that bank has certain increased in the liabilities as well bank’s deposits also increased showing the great penetration in the market place as well customer’s believe on the bank to make deposits that’s why bank’s mark up expense has been increased. Equity also increased in the previous year but bank’s profit has been decreased because bank has invested so much and in the development process so increased in the expenses. Overall bank’s financial position in the marketplace has been increased in terms of deposits and advances. All these reasons are favorable to the bank in year 2006 because at one side bank’s assets have been increased in the form of advances and at other side markup income increased due to deposits because bank can more invest it Balance Sheet’s one portion that is Assets shows certain changes during the year. e. g Cash & balances with treasury banks have been increased that shows the bank has fulfilled and improved SBP requirements because of maintenance of foreign currency as well as Pakistani currency with other banks due to this balances with the other banks whether outside the Pakistan or inside the Pakistan have been increased. While investment have been decreased due to making balances with the other banks and so advances increased by giving more to the customers so earning power also increased. In 2007 bank not lend money to the financial institutions. Bank’s operating fixed assets have been decreased to a small extent due to this profit also is increased because bank is the service organization and for service organizations no need of more operating fixed assets. Bank’s deposits and other accounts have not been increased to the same extent as bank is giving advances. Well that shows a positive trend because bank expenses would be automatically decreased that are due to cash management. Bank’s net assets have been decreased because of less operating fixed assets and also due to increase in liabilities. Balance Sheet shows the assets are more contributed by the Advances and liabilities are more contributed y the Deposits that are favorable for the Bank. Overall result is less profit for 2007 as compared to 2006. But this has certain different reasons these are as follows Increase cash and balances with the other banks More advances Increase in deposits All these reasons are favorable to the bank in year 2007 because at one side bank’s assets have been increased in the form of advances and at other side markup income increased due to deposits because bank can more invest it. Applications of Class Room Concept: In Accounts department there was an implementation of   Financial Accounting in making balance sheets, income statements, calculation of depreciation etc †¢ In credits department there was an implementation of different categories of loans l ike personal loans, corporate loans etc which was studied in Financial Management. Recommendations: Already the bank is having a good infrastructure not much recommendations are needed as a manager but few can work :- †¢ Customers should be given some sort of facilities which can convince people for investment and go for Askari bank for Exports n Imports. †¢ Fist floor of bank is much congested, there is needed to work on that. †¢ There is not a proper environment of customer dealing on that floor that’s why customer feels difficulty in that. Accounts department was much congested, so area of that department should be extended. †¢ After biannually closing of bank there should be a get together of all the employees of bank which can give them a healthy atmosphere to work. †¢ Few of the employees used to interfere in others work so they should be strictly advised to perform their own duty well. Categories: Internship Comments are closed. 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