An Evaluation of Enterprise Risk management value to banking sector of Assignment

An Evaluation of Enterprise Risk management value to banking sector of Zimbabwe - Assignment Example Population and Sample 20 7.3. Data collection instruments, sources and procedures 21 7.4. Data analysis and procedure 23 8. Time Frame and Budgetary Consideration 24 References 26 Bibliography 29 1. Introduction and Background to the Research The Zimbabwean economy has faced tremendous challenges in the banking sector after the liquidity crisis of 2003. The consequences of liquidity crisis declined the purchasing power of Zimbabwean currency at the level of 1953. As a consequence, the people who were extremely poor had to pay with their lives due to inability to cope with persistence economic shock. The Government of Zimbabwe has often been found to make the drought or the macro-economic factors responsible for the liquidity crisis. According to the Reserve Bank the main causes that triggered solvency and liquidity crisis were poor corporate governance, inadequate risk management, rapid expansion, overstatement of capital, creative accounting, speculative trades, high level of non-pe rforming assets, and unsustainable earnings. At the beginning of the year 2009, the multi currency system was adopted by the Government of Zimbabwe that preferred Pound, US$, and Rand as means of transaction by business entities and public. This was mainly because the local currencies had become almost useless since the year 2008. The gradual shift from local currencies to convertible currencies brought more stability in business with the financial statements and budgeting. But these changes have also been found to create severe implications in the field of accounting. The most important business implication is conversion of Zimbabwean Dollar in US$. These challenges of opening of economy for trading in convertible currencies would require adoption of global accounting standards such as need of consulting IFRS or IAS. Other issue including revenue recognition and measurement, financial instruments, and impairment of assets makes the business enterprises vulnerable to significant ris k. The concept of Enterprise Risk Management and its value addition will help the researcher to reveal as to why and how much important is evaluation Enterprise Risk Management value to banking sector of Zimbabwe in today’s competitive and globalised markets. The purpose of the study will be evaluation of Enterprise Risk Management value to banking sector of Zimbabwe which can be achieved by conducting online based questionnaire and interviews through video calls in case the face to face interview is not possible. The researcher may choose appropriate representatives of sample companies and hence conduct the interviews. The most desirable target interviewee is probably the senior management of the sample companies representing banking sector of Zimbabwe. This is because all strategic decisions are implemented at the top level of management. The three basic reasons for which the study topic can be considered as important are as follows: The concept of traditional risk manageme nt has evolved during the years and it is necessary for every academician and professional to be acquainted with the current changes that are applicable The multi-currency system of Zimbabwe and implications in the banking sector after adapting convertible currency for business transactions The impact of gradual shift from local currency to globally convertible currencies in the banking sector of Zimbabwe The study will help the researcher to address all the motivating factors listed above that created an interest for the research. It will further help the

The Breakfast Club Essay Example for Free

The Breakfast Club Essay The plot follows five students at fictional Shermer High School in Shermer, Illinois as they report for Saturday detention on March 24, 1984. While not complete strangers, the five teenagers are each from a different clique or social group. The five students Allison, Andrew, Bender, Brian, and Claire who seem to have nothing in common at first, come together at the high school library, where they are harangued and ordered not to speak or move from their seats by the antagonistic principal, Richard Vernon (Paul Gleason). They are to remain for a period of eight hours and fifty-four minutes (from 7:06 A.M. to 4 P.M., the only indication of time being on a clock that is 20 minutes fast). He assigns a 1,000 word essay (in which each student must write about who he or she thinks they are) and then leaves them mostly unsupervised, returning only occasionally to check on them. Bender, who has a particularly negative relationship with Mr. Vernon, disregards the rules and riles the other students; mocking Brian and Andrew, and sexually harassing Claire. Allison remains oddly quiet except for the occasional random outburst. The students pass the hours in a variety of ways. Gradually they open up to each other and reveal their inner secrets (for example, Allison is a compulsive liar, Bender comes from an abusive household and Brian and Claire are ashamed of their virginity). They also discover that they all have strained relationships with their parents and are afraid of making the same mistakes as the adults around them. However, despite these developing friendships the students are afraid that once the detention is over, they will return to their very different cliques and never speak to each other again. At the request and consensus of the students, Brian is asked to write the essay Mr. Vernon assigned earlier (the subject of which was to be a synopsis by each student detailing who you think you are), which challenges Mr. Vernon and his preconceived judgments about all of them. Brian does so, but instead of writing about the actual topic he writes a very motivating letter that is in essence, the main point of the story. He signs the essay as The Breakfast Club and leaves it at the table for Mr. Vernon to read when they leave. There are two versions of this letter, one read at the beginning and one at the end, which are slightly different; illustrating the change in the students judgments of one another and their realization that they truly have things in common.

JFK assassination Essay -- essays research papers

â€Å"In a few days people will forget and there will be a new President.† Lee Harvey Oswald It was a hot day in Dallas, Texas. President Kennedy sat in the rear seat on the right side of the car. His wife, Jacqueline, sat on his left. Texas Governor John B. Connally sat in a "jump" seat in front of the president, and Mrs. Connally sat to her husband's left. They were in a motorcade when an unimaginable sound was heard. It was 12:30 p.m., the cars approached an expressway for the last leg of the trip. Suddenly, three shots rang out and the president slumped down, hit in the neck and head. Connally received a bullet in the back. John Fitzgerald Kennedy was shot. Mrs. Kennedy didn’t know what to do, â€Å"I was looking to the left and I heard these terrible noises†¦and my husband never made a sound†¦I could see a piece of his skull†¦and then I remember falling on him saying, ‘Oh, no, no, no,’†¦it just seemed an eternity.† The limousine raced to nearby Parkland Hospital. Doctors worked desperately to save the preside nt, but he died at 1:00 p.m. without regaining consciousness. Doctors said that Kennedy had no chance to survive when brought into the hospital. Governor Connally, although seriously wounded, later recovered. President Kennedy, A.K.A. JFK, was in Texas to gain support for his re-election. Kennedy came to Texas accompanied by his wife and Vice President and Mrs. Lyndon B. Johnson. The purpose of his trip was to heal a split in the Texas Democratic Party before the 1964 presidential campaign in which Kennedy planned to run for a second term. Dallas had a reputation as a center for people who strongly opposed Kennedy. The assumed assassin was a 24-year-old ex-U.S.Marine, who from the beginning had emotional problems and difficulties. His father died had before he was born and his mother was not much support. He was discharged from the Marines in September 1959 and went to the Soviet Union a month later. He tried to become a Soviet citizen but was turned down. He also had been active in the Fair Play for Cuba Committee, a group that supported Cuba's Communist dictator Fidel Castro. He returned to the U.S. with his wife Marina, and baby daughter. No one saw Oswald shoot the President. The high-powered Italian rifle said to have killed the President was traced to Osw... ...nedy for not throwing the full weight of his air force behind the Bay of Pigs affair and he came to an agreement with the Soviets over Cuba. The Dallas police were also widely investigated. Concluding they were at fault for Oswald’s death. In 1982, the National Research Council, a scientific research organization, disagreed with the House committee's finding. There was also a â€Å"single bullet theory† in which only one shot was fired killing Kennedy, leaving his neck and entering Governor Connelly’s back. Though Connelly disagrees saying, â€Å"the bullet that entered Kennedy wasn’t the same as the one for my wounds.† Others say there were four or five bullets. No one knows for sure how many bullets there were or how many actual people were involved with the killing of President John Kennedy. â€Å"Clearly there was an attempt by Federal and local authorities to conceal the facts as contained in the evidence. The cover up is all to obvious.† The world is still in mourning because of the loss of a beloved President. Those who witnessed the killing of Oswald were forever changed as well. Seeing two deaths in two days was shocking. But who really knows who really killed John Fitzgerald Kennedy?

Freedom of speech :: essays research papers

Do Americans take the First Amendment for granted, or use it, as a clutch to say what they feel is appropriate. The First Amendment states that Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. (Siegel 3) But what is Freedom of Speech? It is our ability to say what we want, when we want and to whom we want? But there are even restrictions on what we want to say for example a person cannot yell fire in a crowded movie theater. Like all situations there will be persons to disagree? The past presidential election put the nation in an uproar, as do all elections. But, non as controversial as this one. In this election the issues that were addressed split the county in two, half of the country having liberal views and the other half having conservative views. That was mainly the focus of the entire campaign. What is being liberal or being conservative? Liberals favor gradual reform, especially political reforms that extend democracy, distribute wealth more evenly, and protect the personal freedom of the individual. On the other end of the spectrum, conservatives are in favor of preserving the status quo and traditional values and customs, and against abrupt change(msn. Encarta) This seems to make Americans look weak to the rest of the world. That we don’t even have a common ground on the issues of the nation . This great nation that is seen as the mother country to the rest of the world is spilt right down the middle with labels that divide people. And that’s where it really gets ugly. Will Americans ever put these labels aside and come together so that America can be a better place to live? By being a graduating senior looking at the nation as either being liberal or conservative has made me really take a look at myself and my beliefs on the issues .

McCarthyism and the Red Scare Essay

Have you ever had that moment in your life when you thought to yourself, â€Å"Why would he do that, or why would that happen?† Well, that is just what many people thought about McCartyism and the Red scare after that time period had passed. The Red Scare was a point in time when many Americans believed that the uprising of communism would be among them. These waves of the Red Scare happened twice, once after World War One, and the second time, which was more significant, after World War Two. During this time period many people were extremely afraid of communism, so the ideals of McCarthyism rose up. McCartyism was named after Joseph McCarthy, who was the Senator of Wisconsin at the time. Joseph McCarthy’s actions, as well as The House Un-American Activities Committee, and Congress were not justified. It was breaking people’s Constitutional rights, ruining many peoples lives and careers, and because they interrogated hundreds and thousands of people who didn†™t even believe that communism should exist in our country. One of the main reasons to prove that the actions during the Red Scare weren’t justified was because it broke people constitutional rights. During a speech Senator Margaret Smith of Maine said this inspiring quote, â€Å"The right to criticize; The right to hold unpopular beliefs; The right to protest; the right of independent thought.† Now, to some this might just look like a list of rights an American has. But to many, this is an inspiring quote of the things great about America and the things that McCarthy, Congress, and the HUAAC attacked. This shows that McCarthyism broke many of the rights that they as Americans had and deserved to keep. Another important reason why the actions of McCarthyism weren’t justified was that they ruined many people’s lives and careers. One group collected and published the names of people in the world of the arts and entertainment thought to be un-American in their politics (Picture seen in back). The most famous victims were able to successfully fight off such attacks, but Red Channels, radio stations, weren’t destroyed for many years. Red Channels reported on possible Communists and they faked information in order to keep their stations alive. These Channels ruined and/or harmed many people’s  careers. The last major reason why all this was not justified is because they interrogated hundreds and thousands of innocent people who didn’t even believe that communism should exist in our country. Refusal to cooperate with the HUAAC could ruin careers. If a witness refused to testify about past political associations, relying on the First Amendment to the U.S. Constitution, the witness would be cited for contempt of Congress. The government would then prosecute the witness for criminal contempt of Congress. Some people were convicted and sent to federal prison for several years. Mcartyism was not justified because it broke many constitutional rights, ruined people’s careers, and led to a state of panic throughout America. So next time your in a situation where you dont know what to do or what to say. Think about how it will affect others, not just yourself.

30 Prompts for a Persuasive Paragraph, Essay, or Speech

30 Prompts for a Persuasive Paragraph, Essay, or Speech When considering topics  for a persuasive paragraph, essay, or speech, focus on those that genuinely interest you and that you know something about.  Any one of the 30 issues listed here may serve as a good starting point, but feel free to adapt the topic to meet the needs and concerns of your audience.   30 Persuasive Writing Topics In an essay or speech addressed to your boss, explain why you deserve a raise in pay. Be sure to provide specific information to justify the proposed pay increase.Some people dismiss science fiction or fantasy as a purely juvenile form of amusement, an escape from problems and issues in the real world. Referring to one or more particular books, movies, or television programs, explain why you agree or disagree with this observationWhen the Credit Card Accountability, Responsibility, and Disclosure Act was put into practice in 2010, it limited the ability of anyone under the age of 21 to qualify for a credit card. Explain why you support or oppose the restrictions that have been placed on students access to credit cardsThough texting is a valuable way of communicating, some people spend too much time sending messages by phone instead of interacting with others face to face. Addressing an  audience  of your peers, explain why you agree or disagree with this observation.Most of the s o-called reality programs on television are highly artificial and bear little resemblance to real life. Drawing on one or more specific programs for your examples, explain why you agree or disagree with this observation Online learning is not only convenient for students and teachers but often more effective than traditional classroom instruction. Addressing an audience of your peers, explain why you agree or disagree with this observationSome educators favor replacing the letter-grade method of evaluating student performance with a pass-fail grading system. Explain why you support or oppose such a change, drawing on examples from your own experience in school or collegeLaws should be enacted to restrict the bonuses that can be given to the CEOs of companies that are debt-ridden and losing money. With reference to one or more specific companies, explain why you agree or disagree with this proposalTeachers and administrators in many American schools are now authorized to conduct random inspections of students lockers and backpacks. Explain why you support or oppose this practiceExplain why you do or do not favor a major reform of English spelling so that each sound is represented by only one letter o r one combination of letters ï » ¿Because electric cars are costly and dont do enough to protect the environment, the government should eliminate subsidies and incentives for manufacturers and consumers of these vehicles. With reference to at least one particular vehicle that has been supported by federal subsidies, explain why you agree or disagree with this proposalTo save fuel and money, Friday classes should be eliminated on campus and a four-day work week implemented for all employees. With reference to the effects of reduced schedules at other schools or colleges, explain why you support or oppose this planIn a speech or essay directed at a younger friend or family member, explain why dropping out of high school to take a job before graduation is or is not a good ideaExplain why you do or not favor the enforcement of a mandatory retirement age so that more job opportunities can be created for young peopleNot all recycling projects are cost-effective. Explain why you agree or disagree with the principle th at any community recycling project must turn a profit or at least pay for itself In a speech or essay addressed to the head of your school or college, explain why snack and soda vending machines should or should not be removed from all classroom buildings on your campusOver the past 20 years, more and more public schools have implemented policies requiring students to wear uniforms. Explain why you support or oppose mandated school uniformsThe city council is now considering a proposal to allow construction of a shelter for homeless individuals and families. The proposed site for the homeless shelter is adjacent to your campus. Explain why you support or oppose this proposalResearch has shown that a short afternoon nap can promote physical well-being and improve mood and memory. Explain why you support or oppose a proposal to adjust schedules so that napping will be encouraged at your school or workplace, even if this means a longer work dayMany states now require proof of U.S. citizenship before admitting a student to a public college or university. Explain why you support or oppose this requirement Rather than lay off workers in bad economic times, some companies have chosen to reduce the length of the work week (while also reducing pay) for all employees. Explain why you support or oppose a shorter work weekThe introduction of new digital technologies has radically altered peoples reading habits over the past 25 years. In light of this change, explain why students should or should not be required to read lengthy textbooks and novels in their classesIn some school districts, children are bused to schools outside their neighborhood in an effort to achieve diversity. Explain whether you favor or oppose compulsory busing of schoolchildren.Explain why doctors and school nurses should or should not be allowed to prescribe contraceptives to children under the age of 16Your state legislature is now considering a proposal to allow drinking by 18- to 20-year-olds after they have completed an alcohol education program. Explain why you support or oppose this proposalSome school authoritie s have the power to remove from libraries and classrooms any books that they consider inappropriate for children or teens. Pointing to specific examples of how this power has been exercised, explain why you support or oppose this form of censorship To reduce unemployment among young people, legislation has been introduced to repeal all minimum-wage laws. Explain why you support or oppose such legislationThere have recently been movements to boycott products imported from countries that tolerate the exploitation of underage workers. Using specific examples, explain why you support or oppose such boycottsIn your school or college, instructors have the right to ban cell phones (or mobiles) in their classrooms. Explain why you favor or oppose such a banIn some cities, traffic congestion has been reduced by the creation of toll zones. Explain why you do or do not favor the imposition of mandatory fees on drivers in your city.

Standard Courses for 11th Grade Students

Standard Courses for 11th Grade Students As they enter their junior year of high school, many students are starting to think about life after graduation. If they are college-bound, 11th graders will begin taking college entrance exams and focus on getting academically and emotionally prepared for college.  If they are following a different path, such as entrepreneurship or entering the workforce, students may begin to refine their elective studies to prepare for their specific field of interest.   Language Arts A typical course of study for 11th-grade language arts will focus on developing higher level skills in the areas of literature, grammar, composition, and vocabulary. Students will refine and build on the skills they have previously learned.   Colleges expect students to have earned four language arts credits. In 11th grade, students will likely study American, British, or World literature, completing whichever course they did not complete in 9th or 10th grade.   Homeschooling families may wish to combine literature and history, so an 11th-grade student taking world history would choose world literature titles.  Ã‚  Families who dont want to tie literature into their history studies should work with their student to select a robust and well-rounded reading list. Students should continue to gain writing practice in a wide variety of composition types such as how-to, persuasive, and narrative essays and research papers. Grammar is not typically taught separately in 11th grade but is incorporated in the writing and self-editing process.   Math A typical course of study for 11th-grade math usually means geometry or Algebra II, depending on what the student has previously completed. High school math is traditionally taught in the order Algebra I, geometry, and Algebra II to ensure that students have a solid understanding of geometry for college entrance exams.   However, some homeschool curriculum follows Algebra I with Algebra II before introducing geometry. Students who completed pre-algebra in 9th grade may follow a different schedule, as will those who completed Algebra I in 8th grade.   For students who are strong in math, 11th-grade options may include pre-Calculus, trigonometry, or statistics. Students who are not planning on going into a science- or math-related field may take courses such as business or consumer math. Science Most students will study chemistry in 11th grade after having successfully completed the math courses necessary for understanding how to balance chemical equations. Alternative science courses include physics, meteorology, ecology, equine studies, marine biology, or any dual-enrollment college science course. Common topics for 11th-grade chemistry include matter  and its behavior; formulas and chemical equations; acids, bases, and salts; atomic theory;  periodic law; molecular theory; ionization and ionic solutions; colloids, suspensions, and emulsions; electrochemistry; energy; and nuclear reactions and radioactivity. Social Studies Most colleges expect a student to have three credits for social studies, so many 11th grade students will be completing their final social studies course.  For homeschooled students following a classical education model, 11th-grade students will study the Renaissance. Other students may be studying American or world history.   Common topics for 11th grade social studies include the  Age of Exploration and Discovery; the colonization and development of America; sectionalism; the  American Civil War and Reconstruction; World Wars;  the Great Depression;  the Cold War and the nuclear era; and civil rights. Other acceptable courses of study for 11th-grade social studies include geography, psychology, sociology, anthropology, civics, economics, and dual enrollment college social studies courses. Electives Most colleges expect to see at least six elective credits. Even if a student is not college-bound, electives are an ideal way to explore areas of interest that may lead to a future career or a lifelong hobby. A student can study just about anything for elective credit. Most colleges expect a student to have completed two years of the same foreign language, so many 11th graders will be finishing their second year. Many colleges also like to see at least one credit in the visual or performing arts. Students can earn this credit with courses such as drama, music, dance, art history, or a class like painting, drawing, or photography. Other examples of elective credit options include digital media, computer technology, creative writing, journalism, speech, debate, auto mechanics, or woodworking. Students can also earn credit for test prep courses, which can be useful in helping them meet their elective credit requirements and approaching entrance exams with more confidence.