Essay on Finance - 1807 Words

Finance Wikipedias accurate definition of finance is The activity of finance is the application of a set of techniques that individuals and organizations (entities) use to manage their financial affairs, particularly the differences between income and expenditure and the risks of their investments http://en.wikipedia.org/wiki/Finance. I discuss the importance of keeping track and updating financial reports as well as simple bank statements. These are just some of the essentials that I believe we all as a people should acknowledge. There are several detrimental problems concerning our finance as a people and the side that I will be arguing throughout the duration of this paper is that we as African Americans do not recognize the†¦show more content†¦If we really want to understand our finance and how it works, it is necessary for us to understand how the use of financial assets leads to the better use of real assets. Do we as a people really understand how to levitate our finance? A Prominent tribulation involving finance and the Black culture is establishing the know how of operating and dealing with financial situations. Understanding how the financial division works and how it is related to the real sector is why anyone would study finance. Many important personal decisions are financial. Paying for a home or an automobile are two very large examples, but even day to day decisions such as planning a budget, opening a checking account, or making investments call for a knowledge of finance. This is a issue that I believe should be discussed in any natural home, let alone the home of minorities. Most of the time racially we take finance frivolously and this has become a vast distress on growing and raising children in our society. Learning finance and relating to the history of it should be something that we try to incorporate in our teaching as Black parents. There should be a strong emphasis set on the ability to receive credit cards from national companies to our Black children, instead of nonchalantly letting them keep the cards in their possession to set themselves up for failure. Debt is also a financial situation that ourShow MoreRelatedFinance1352 Words   |  6 Pagesfinancial manager differ from the traditional financial manager? Does the modern financial managers role differ for the large diversified firm and the small to medium size firm? The traditional financial manager was generally involved in the regular finance activities, e.g., banking operations, record keeping, management of the cash flow on a regular basis, and informing the funds requirements to the top management, etc. But, the role of financial manager has been enhanced in the todays environment;Read MoreFinance1074 Words   |  5 PagesCORPORATE FINANCE COURSE CORPORATE FINANCE 2.1 Working Capital Management Sept. 2014 Ir Frank W. van den Berg mba Vrije Universiteit, Amsterdam ALYX Financial Consultancy bv, Aerdenhout FWvdB/2014 1 OUTLINE CORPORATE FINANCE FWvdB/2014 †¢Ã¢â‚¬ ¯ Basics Guiding principles †¢Ã¢â‚¬ ¯ Time value of money + Capital Budgeting †¢Ã¢â‚¬ ¯ Valuation of CF + Bonds †¢Ã¢â‚¬ ¯ Valuation of shares (+ co.’s) †¢Ã¢â‚¬ ¯ Financial Analysis (Ratios) †¢Ã¢â‚¬ ¯ Financial Planning (EFN) †¢Ã¢â‚¬ ¯ à  Ã¯Æ'   Working Cap. Mgt. (A/R,Read MoreThe Finance1054 Words   |  5 Pagesrequires intentional short-term and long-term planning. More importantly, in order for capital management to be deemed successful, it is required that all members of an organization are on board. â€Å"Capital budgeting is not only important to people in finance or accounting, it is essential to people throughout the business organization†lt; /spangt; (Block, Hirt, amp; Danielsen, 2011). As the duration of the investment period increases, and the size of investment increases, the residual risk also increasesRead MoreEquity Finance And Debt Finance823 Words   |  4 PagesStockholders are those entities who provide a company with the risk capital such as preference share owners and ordinary share owners (Freeman and Reed, 1983). Generally, stockholderis one of long-term finance providers with the aim to maximize their wealth.According toBrickleyet al. (1985), long-term finance provi ders are more likely to focus on the matter whether the financial structure in the company is sound or not and the durability of profitabilityrather than temporary profits that a potentiallyRead MoreFinance, Economics, And Finance Essay1245 Words   |  5 Pagesalso studied business, management, economics, and finance. These courses impressed upon me the importance of the financial sector in the economy. Finance professionals have the unique responsibility of managing assets and analyzing risks to ensure the future success of a company or organization. It is difficult to overstate the importance of this role, as the financial crisis of 2009 showed. It is due to my understanding of the importance of finance and investment, coupled with my longstanding interestRead MoreFinance : Finance A Carry Trade1144 Words   |  5 PagesIn finance a carry trade is a strategy that consists of borrowing at a low interest rate currency to fund investment in higher yielding currencies. (Moffett) Th e country in which the investors borrow from is called the funding country and the country where the investment occurs is called the target country. (4) Carry trade is also termed currency carry trade; this strategy is speculative in that the currency risk is present and not managed or hedged. (Moffett) Although there are several complicatedRead MoreFinance, Banking And Finance Industry2170 Words   |  9 Pagescomplete your transaction and move on with your day. The last thing on your mind is how that transaction is taking place. You don’t care what happens behind the scenes as long as your money is where it needs to be and is safe. As the banking and finance industry has transformed, so has the process of how your money is handled. To accompany those changes, regulators and lawmakers create laws designed to protect consumers, banks, and the economy as a whole. As you will learn, the history of the bankingRead MoreFinance : Finance A Carry Trade Essay1144 Words   |  5 Pages In finance a carry trade is a strategy that consists of borrowing at a low interest rate currency to fund investment in higher yielding currencies. (Moffett) The country in which the investors borrow from is called the funding country and the country where the investment occurs is called the target country. (4) Carry trade is also termed currency carry trade; this strategy is speculative in that the currency risk is present and not managed or hedged. (Moffett) Although there are several complicatedRead MoreFinance998 Words   |  4 PagesPlant Improvements Total Investments: total investment in plant and equipment brought forward from the Production spreadsheet. Sales of Plant and Equipment : total sales of plant and equipment brought foraad from the Production spreadsheet. Common Stock * Shares Outstanding: The number of shares of common stock in the hands of shareholders. Reflect any issue/ retire stock transaction at the beginning of this year * Price Per Share: stock price as of yesterday’s close. Stock will be issuedRead MoreInternal Sources Of Finance And Finance Essay2349 Words   |  10 PagesInternal sources of finance: Internal sources of finance are funds that arise from within the business such as profits as they can be retained to grow the finance and selling assets. Retained profit Retained profit is the money kept in the company after paying dividends. It is used to reinvest in the business or to pay debt. It comes by a business after it makes profit and is kept separate to use in other ways such as expanding the business by developing new buildings or certain areas, buying new

The Cask Of Amontillado By Edgar Allan Poe - 906 Words

â€Å"The Cask of Amontillado† â€Å"The Cask of Amontillado† was written in 1846, by Edgar Allan Poe. Born in 1809, Poe never knew any of his parents. At the age of three, his mother died of tuberculosis, and his father deserted the family before he was born. Taking care of him was his foster parents in Richmond, Virginia. They loved Poe, but were not supportive of his decisions and kept Poe poor. Having debt and not being able to provide food and clothes for himself caused Poe to quit school. Later, he worked as a magazine editor and soon became a literary critic. Come 1836, Poe married his sick cousin. During this time, many of his successful literature were developed. However, Poe was never able to remain financially stable. In 1847, Poe’s wife died. Not even two years after her death, Poe was found half-dead on a Baltimore street. At the age of forty, Poe had died. It is still unknown the cause of his death. Poe’s â€Å"The Cask of Amontillado† takes place in the catacombs of the Montresor during the 1800’s. The protagonist, Montresor is a man who does not stand to be insulted. He is through with Fortunato’s â€Å"thousands† of insults and vows revenge on him. However, he is usually a person who would never threaten anyone. Just like Fortunato, he is also a skillful wine taster. Montresor, the narrator of this story, is the protagonist because the story revolves around him seeking revenge on Fortunato. In a way, I guess we could say he is the â€Å"hero†. This is because at the end of theShow MoreRelatedThe Cask of Amontillado by Edgar Allan Poe888 Words   |  4 PagesThe Cask of Amontillado by Edgar Allan Poe In ?The Cask of Amontillado?, Edgar Allan Poe takes us on a trip into the mind of a mad man. Poe uses certain elements to convey an emotional impact. He utilizes irony, descriptive detail of setting, and dark character traits to create the search of sinful deceit. Poe also uses first person, where the narrator is the protagonist who is deeply involved. The purpose is to get the reader to no longer be the observer. He wants them to see with MontressorRead MoreThe Cask of Amontillado by Edgar Allan Poe836 Words   |  3 Pagesqualities in the story. In the story many things are used as symbols such as the actual cask of amontillado, the trowel, the jester costume and the setting in which there is two in the story. Another literary technique used significantly in the story is irony. Irony is the expression of ones meaning by using language that normally signifies the opposite. In the short story â€Å"The Cask of Amontillado,† Montresor a very troubled man who plans to seek revenge on another man named FortunatoRead MoreEdgar Allan Poe And The Cask Of Amontillado1384 Words   |  6 PagesWhat makes Edgar Allan Poe work unique? Other than being a strange individual, Poe has become a remarkable literature writer. The Raven, Annabel Lee, and The Cask of Amontillado are just a few of Poe’s work that staples the theme of gothic literature. This essay will allow you to see the gothic elements Edgar Allan Poe uses through his most common poems. Gothic literature has many elements which play into its definition. The actual definition is a style of writing that is characterized by elementsRead MoreThe Cask Of Amontillado By Edgar Allan Poe920 Words   |  4 Pageswhen that trust no longer exists? In â€Å"The Cask of Amontillado† written by Edgar Allan Poe, Fortunato is about to find the answer to this question. On the surface, Montresor seems friendly with Fortunato, but deep down he feels nothing but hate for him. Could this hatred have an irrationality that only Montresor understands? In different ways, both of these men are proud and affluent, yet both have downfalls that will lead to a tragic ending. Edgar Allan Poe’s use of language contributes to the understandingRead MoreThe Cask Of Amontillado By Edgar Allan Poe1555 Words   |  7 PagesIn his writing, Edgar Allan Poe has multiple uses of direct and indirect characterization. In The Cask of Amontillado, Montresor had rules such as â€Å"I must not o nly punish but punish with impunity. A wrong is unredressed when retribution overtakes its redresser. It is equally unredressed when the avenger fails to make himself felt as such to him who has done the wrong† (Poe, 2). Poe used indirect characterization to show the reader that Montresor is an unreliable narrator because he justified hisRead MoreThe Cask Of Amontillado By Edgar Allan Poe1303 Words   |  6 PagesIn Edgar Allan Poe’s â€Å"The Cask of Amontillado,† the narrator recalls an extremely significant time in his life, and takes the reader along with him. Throughout the story, one experiences a perfectly planned murder which took place over fifty years ago, and still no one has discovered what truly happened to poor Fortunato as he was chained to a wall in a room that was then closed off, and torched to death due to all the nitre in the walls. As the story goes on, the reader can see some of Poe’s unfortunateRead MoreThe Cask Of Amontillado By Ed gar Allan Poe1076 Words   |  5 PagesThe short story, The Cask of Amontillado, written by Edgar Allan Poe is a story of terror and betrayal. Like many of Poe’s literary works, the story has a dark undertone with a theme of terror and depression. More than half a century ago, Marshall McLuhan argued that though Poe was fascinated by evil, the evil that he had in mind was not that of Calvinism, but that of the split man and the split civilization. In general, McLuhan was right, but in this instance Calvinism, and its God, provided a darkRead MoreThe Cask Of Amontillado By Edgar Allan Poe707 Words   |  3 PagesIn the short story of The Cask of Amontillado, Edgar Allan Poe writes in first person point of view from the perspective of Montresor who seeks revenge against Fortunato. Montresor began to develop the perfect plan for revenge. During the carnival season, Montresor meets with Fortunato and decides to implement his plan carefully through irony. Poe s story describes t he murderer s mind which has lived as a memory of Fortunato s death for fifty years. Poe uses different types of irony and symbolismRead MoreThe Cask Of Amontillado By Edgar Allan Poe985 Words   |  4 PagesEdgar Allen Poe is a well known author of short stories and poetry from the 19th century. He is known especially for his stories of horror and suspense. The Cask of Amontillado is one of his more famous pieces. The story follows the narrator, Montresor, as he exacts revenge on Fortunato. Montressor draws Fortunato into the wine cellar where eventually he chains Fortunato to the wall and encloses him inside it. Throughout the story the narrator continually proves that he is not the most reliable sourceRead MoreThe Cask Of Amontillado By Edgar Allan Poe1575 Words   |  7 Pagescommitted the perfect murder in just such a tale, â€Å"The Cask of Amontillado.† Montresor plots and kills an unwary friend/foe during carnival time for motives that are unclear. The author of thi s tale, Edgar Allan Poe, influenced by his somewhat tragic life and one of the most influential Gothic writers, uses symbolism and irony to show the multitude of complicated motives of the narrator in his famous horror story. Upon examining Edgar Allan Poe’s life, one is not surprised that he chooses to write

Definition of Hrm Free Essays

Definition of HRM Administrative activities associated with human resources planning, recruitment, selection, orientation, training, appraisal, motivation, remuneration, etc. HRM aims at developing people through work http://www. businessdictionary. We will write a custom essay sample on Definition of Hrm or any similar topic only for you Order Now com/definition/human-resource-management-HRM. html Definition of personnel Management The part of management that is concerned with people and their relationships at work . Personnel management is the responsibility of all those who manage people, as well as a description of the work of specialists. Personnel managers advise on, formulate, and implement personnel policies such as recruitment, conditions of employment, performance appraisal, training, industrial relations, and health and safety. There are various models of personnel management, of which human resource management is the most recent. http://dictionary. bnet. com/definition/Personnel+Management. html Comparison Personnel management is administrative in the way it deals with payroll employment laws etc. PM is reactive responding to demands and problem when they arise were HRM is planning and anticipating changes and demands continuously. PM is the sole responsibility of the personnel department and HRM is the concern for all managers and is aimed at improving capabilities of all line managers to carry out the personnel functions. The scope of PM is relatively narrow with a focus on administering people. The scope of HRM views the organization as a whole and lays emphasis on building a dynamic organisational culture. The Role of Human Resource Practitioners The human resource practitioner advises management on the human resource policies.They develop work procedures, job evaluation techniques and also current and prospective job vacancies. The Hrp design, implement and administer ways to find and keep the right employees for their companies. They recruit new employees by developing lists of potential candidates and then they coordinate and participate in groups to evaluate applicants and select the best person for the job. Hrp also advises management on how to deal with grievances and disciplinary procedures and resolve staff problems n areas such as employee performance or absenteeism. They also provide advice to help solve personal problems or work related problems for employees. Task 5 After a full evaluation of the HR policies and practices within Flairwear the following findings were analysed and I have made the following recommendations and suggestions. I have obtained my findings through the mediums of, Interviews with both management and regular staff, Surveys and by comparing qualitative facts with competitors in the same market and other organisations in similar markets.Findings * Staff turnover is at 25%, this is a rise of 15% on last year’s figures and is 14% higher than your average competitor. * Motivation amongst staff particularly lower level staff is very low * Morale is low probably due to the rate of staff turnover * Job satisfaction is low. * Most lower level employees leave during the first 3 months * Most employees that leave are under the age of twenty five. * Recruitment cost â‚ ¬350000 last year * Poor communication SuggestionsTo try and keep staff with the company for longer loyalty bonuses should be introduced for example after 3 months of service a staff member could be rewarded with something like vouchers, days off, or even consumer electronics like digital cameras that could be bought in bulk to reduce the cost. To increase motivation commission could be introduced or set sales targets for individual stores and if targets are met all staff get rewarded this could also boost morale and could have a positive effect on job satisfaction.Another way to approve on job satisfaction would be to have regular performance appraisals because if staff feel that what they do is recognised they will feel more important and therefore satisfied with their job. Hello my name is Daniel Cahalin; I have recently retired from position as HR manager for Macrohard ltd. I have over 15 experience as a HR manager and now I’m acting as a HR consu ltant and have a wide range of experience of many different companies varying in size aims and markets. The aim of this report is to help Flairwear to achieve a lower percentage of staff turnover and to improve on staff morale and motivation. How to cite Definition of Hrm, Papers