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To create an effective organizational structure is one of the most important tasks for top managers of any company. If everyone in a company is and knows his duties, if there are rules of interaction between departments, company's activities will remind a tuned mechanism which works with maximum results and minimal costs. Organizational structure - is a scheme consisting of units and individual officers of the company, located by levels of importance and responsibility, which contains the rel...

Financial Objective Financial Objective means the financial requirements or goals that a company or an organization plan for the future. In simple words it means to set a target how to achieve profit and make more money .But sometimes it also includes the amount of money that is required for a specific goal, the timeframe in which that task must be finished and how to spend the money. Strategic Objective Strategic objectives are one of the most important and an exciting mission of an organisa...

Finance is the basic ingredient of a business. Insufficiency or absence of cash can pose a threat for a business. Without cash a business is unable to survive. Various sources of finance help to fulfill the needs of wages, advertising, expansion, payment of interests etc. (Pride et.al, 2009). Different sources of finance are used depending upon their maturity period. Each source has its advantages and disadvantages. Sources of finance The sources of finance are broad classified into the follo...

An ethical issue is defined as a problem, situation or opportunity that requires an individual group or organisation to choose among several actions that must be evaluated as right or wrong, ethical or unethical. Businesses and industries increasingly find themselves facing external pressure to improve their ethical track record. This external pressure is exerted by stake holders. Stakeholders can be defined as all those who have a stake or claim in a business. These include employees, custom...

Types of Risk an International Multinational Company Face To begin with, it needs to identify and briefly describe the main sources of risk an international multinational company might face. The main type of risk a multinational company might face is that of foreign exchange risk. This is the risk that trading in another country might be more or less profitable depending on the strength of the two countries currencies. For example, if a UK company was trading in Malaysia then on that day the ...

There are several factors and considerations which make the capital budgeting decisions as the most important decision of finance manager. The relevance and significance of capital budgeting may be stated as follows: Long term effect: Perhaps, the most features of a capital budgeting decisions and which makes the capital budgeting so significant is that these decisions have a long terms effects on the risk and return composition of the firm. These decision affect the future position of the fi...

A financial institution is a channel that transferring the funds between the savers and the borrowers. Financial institution is only focuses on the financial transaction such as loan, bonds, debentures, insurance, investment and other various types of financial activities. The financial institutions are included insurance companies, banks, credit unions, stock brokerage firms, non banking financial institutions, building societies, and asset management firms. There are three different ways fo...

Advantages and Disadvantages of Principles-Based Accounting Standards Advantages of Principles-Based Accounting Standards The primary advantage of principles-based accounting rests in its broad guidelines that can be applied to numerous situations. Broad principles avoid the pitfalls associated with precise requirements that allow contracts to be written specifically to manipulate their intent. A 1981 study sponsored by FASB found evidence that managers purposefully try to structure leases as...

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Introduction to PEST Analysis PEST analysis could be defined as a process of analyzing the external factors that affects the operations and the performance of a firm. Most factors considered under the PEST acronym include the external macro-environmental factors. The P.E.S.T acronym stands for political, Economic, Social, and Technological factors that affect the performance of a firm. Indeed, PEST analysis is critical in determining external threats that are likely to affect the operation an...

Introduction Employees get into a contract when hired by an employee, and both the employer and employee are expected to observe the terms of the contract. For instance, statutory rights and the contractual rights are essential in guiding how employee and employer relate. Statutory rights are some of the rights that are based on the laws that are passed by the Parliament to offer employees a legal right when dealing with the employer [1]. On the other hand, contractual rights are known as tho...

Capital Budgeting Process Organizations that decide to issue bonds generally go through a series of steps. Discuss the six steps. In order for an organization to issue bonds, there are six steps to be followed. In this case, the borrower i.e. the health care needs to analyze its debts capacity, drafts the capital plan with up to date data, and gets its house together i.e. the borrower (the health care) decides the parties who are to be included in the bond issuance. Once the decision is made,...

Introduction The economy consists of various aspects of the market such as specificity, forms of competition and development trends. These market arms are crucial in understanding the economic landscape within a country. Specificity argues that economic problems need viable solutions by analyzing the source of the problem as opposed to looking at the mere problem. Therefore, the government considers the cause of an economic distortion to allow it to deal with the issue effectively. The forms ...

Becoming an attorney Francis, Timothy B, Walter C. Jones, and Lisa J. Johnson.So You Want to Be a Lawyer: The Ultimate Guide to Getting into and Succeeding in Law School. New York: Skyhorse Pub, 2012. In this book, the authors provide the reader with essential guidelines anybody inspiring to pursue any legal career should read irrespective of their present level of education. The authors argue that for a law student to become a successful attorney, there is the need for hard work and commitme...