...How successfully did James I deal with the problems he inherited James had to deal with major inherited problems such a lack of substantial income, religious divide the three main religious factions; Armenians, Catholics and Protestants, James also inherited a weak foreign policy plagued by war. James inherited from Elizabeth I both a substantial debt of around four hundred and twenty thousand pounds, a crown suffering from the effects of serous long-term under-funding, and a lack of a substantial lack of income due to selling of crown estates. It would not be right to describe James’s financial worries as a small factor in his list of his problems, however, it cannot be seen as the unsolvable problem that many people describe it to be. If one takes into account the fact that the three hundred thousand pounds that Parliament had recently voted Elizabeth had not yet been received at the time of her death, and that another hundred thousand pounds. of the money owed had been collected in the late 1590s as forced loans which nobody realistically expected the crown to repay, it could be argued that Elizabeth died leaving England in not a too bad financial situation as people normally describe. In addition, the effect of the lack of crown estates problem would not be felt in the first reign after Elizabeth’s because James also continued in the practice of selling off royal lands for quick injections of capital thus the problem of a lack of income was negated by this. However, despite...
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...medium-sized, Midwestern financial institution and their management have a good reputation for backing successful deals. Since their profit was decrease, it has caused their management start to renegotiate many loans. Ben Hunt who is the audit partner on the Prairieland Bank was concern to give an opinion on the fairness of their business financial statement. This is because the provision for doubtful loans is too low even they have taken many loans. During the interview to discuss this problem with the CEO and Vice President of finance, he was told that they already know it but they didn’t want to increase the provision as their profit will decrease. In addition, Ben was told that they had approached a company that provided insurance to protect their leased equipment. So, any default on their loans was made up from the insurance company and because of this too they didn’t want to increase their provision loans. Due to this problem, Ben has find James London which his senior partner on his firm to seek consultations from him. They decided that the best course of action was to visit the client and indicate theirs intend to resign, which they did. By coincidence, James meets Jack Lane who held responsibilities similar to his own at one of the competing firm. Jack is actually is a new auditor who replace their position in Prairieland Bank. Issues from the case: The issue from this case is whether James should resign or serve to the Prairieland Bank. If James resigns, this will give...
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...RISK REVIEW SCOPE Review the associated risks for expansion of operations in Queensland and the purchase/re-branding of existing café in Toowoomba covering: * human resources management; * financial operations; * OHS; * supply chain; * local governance and compliance. GOALS OF REVIEW * Meet with staff and current manager at Toowoomba store * Meet with stakeholders and examine current store operations * Identify risks and tabulate * Report on findings to Board, CEO and FARM Committee STAKEHOLDERS Stakeholder | Internal/external | Role in process | Stake in process/concerns | MacVille Board | Internal | Owners | High: potential financial loss/reputation of brand | Paula Kinski | Internal | CEO | High: loss of reputation | F.A.R.M Committee | Internal | Assist with transition and ongoing management | Low | Ron Langford | External | Councillor and landlord | High: loss of tenant | James Mansfield | Internal | Café manager | High: job loss/reputation | Goldsmith Partners | External | Legal | Medium: loss of client income | Accountant/Financers | External | Financial | Medium: loss of client income/financial losses | Employees | Internal | Customer service | High: cut in working hours, job loss, work injuries | Chef | Internal | Food preparation | High: cut in working hours, job loss, work injuries, loss of reputation | Public | External | Customer | High: loss of easily accessible, affordable social venue...
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...1. The primary purpose of the balanced scorecard is to set goals for a well-rounded organizational performance. While financial measures are important in analyzing performance, they do not provide any insight into non-quantifiable measures that can be equally important in performance assessment. According to Jerold Zimmerman (2014), “The balanced scorecard is designed to identify Key Performance Indicators used to focus employees towards those actions required to implement the firm’s strategy.” In other words, the purpose of the performance scorecard is to highlight the importance of a diverse set of measures in achieving the strategic goals. Citibank's strategy in California was to build a profitable franchise by providing relationship banking combined with a high level of service to its customers. Specifically, from Frits Seeger’s point of view, the high service quality strategy and other dimensions were critical to the long-term success of the franchises. As Jerold Zimmerman (2014) writes, “The ultimate objective of for profit organizations is to generate value for the owners…value for owners results from satisfying customers, operating efficiently, and having the infrastructure necessary to accomplish all those activities.” 2. Objective performance measures are those which are directly quantifiable and are not subject to the beliefs and interpretations of the observer. According to Robert Simons’ Performance Measurement & Control Systems for Implementing Strategy...
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...How successfully did James deal with parliament during the period 1603 – 1616? * James faced many difficulties with Parliament during his reign in England. The king and parliament followed two mutually, extended exclusive views about the nature of their relationship. James believed that he owed his authority to God-given right, that the laws in his kingdom were only an extension of his royal prerogative, and that parliament was in essence a lower court to him, its laws and opinions always subject to his oversight and review; and that he was free to revise or overrule them completely whenever he wished. However, parliament believed that its rights were equal to those of the king. They also believed that in return for grants and subsidies to the crown, the king should take its views on policy formulation and execution into account. The end result of this fundamental disagreement was a series of difficult parliaments, two of which James dissolved in frustration. The first parliament brought in the idea of ‘The Great Contract’. This meant that they wanted James to give up the right to feudal dues, such as wardship and purveyance, in exchange for a fixed sum per annum to be raised in taxation. They offered him £200,000 after a lot of argument. They didn’t want to give him too much money because he wouldn’t need to call parliament. James didn’t like this idea as he thought that £200,000 wouldn’t be enough. The contract was finally sunk when James made a demand for another £200,000...
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...The Global Financial Crisis and Its Impacts on Developing Countries Student’s Name Professor’s Name Institution Dates Page no. 1.0 Origin of financial crisis………………………………………………………………… 3 2.0 causes of the financial crisis …………………………………………………………. 3-4 3.0 Channels of Transmitting Financial crisis ……………………………………………… 4 3.1 Transmission through financial flows ……………………………………….. 4-6 3.2 transmission through trade ……………………………………………………… 6 4.0 responses to the crisis by developing countries ………………………………………. 6 4.1 fiscal stimulation measures ………………………………………………….. 6-7 4.2 money policies ………………………………………………………………….. 7 5.0 reference ………………………………………………………………………………… 8 The Global Financial Crisis and Its Impacts on Developing Countries Origin of Financial Crisis The financial crisis originated form the United States’ economy. In the year 2007 during summer after two Bear Stearns Hedge Funds collapsed resulting to subprime mortgage crisis. This financial crisis reintroduced private defaults, bank failures, massive layoffs and credit crunch to the world. The financial crisis was as a result of too much foreign money from Asian countries like China flowing into the economy of US (Savona, Kirton, & Oldani, 2011). Causes of the Financial Crisis Creation of too much money by the banks had led to the crisis. New money is created when the banks give loans to the public. By giving loans, the banks created a large sums of money during the run up to the financial crisis. Many people had...
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...needed to be formed, with the Allies, most importantly America, leading the way. As Robert Skidelsky(2004) puts it in his biography of John Maynard Keynes the U.S wanted to 'destroy Britain’s pre-war financial and trading system, based on the sterling area and imperial preference' and create a new monetary order to regulate the worlds economy. So on the 1st of July 1944, 44 Allied nations met for the Bretton Woods conference, during which the new neo-liberal policies were formed in order to open markets and lower trade barriers and movement of capital. The bretton woods system had three main features- fixed exchange rates(”par values” agreed with the international monetary fund and changed only in consultation with it); currencies that were freely converitble into each other or into gold; and freedom from exchange restrictions, at least on current payments. Controls on capital movements were permitted (Garritsen de Vrie, M. n.d) The Bretton Woods system had two governing bodies, the IMF which was there to give permission to countries to change there currency exchange rate and hand out loans for countries to sort out there current account deficit, and the IBRD which was there to give out loans to encourage growth after the disastrous effects of the World War II. In this essay I intend to evaluate the factors which led to this new...
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...French Government. Richelieu succeeded in further strengthening the power of the monarch by 1) destroying the castles of the nobility and 2) crushing the political power of the Huguenots, who surrendered their fortified cities, military and territorial rights for religious toleration via the Peace of Alais (1629). 3) Finally, Richelieu transferred power from the nobility to royal elected officials through his creation of the intendant System. Louis IX – was assigned Cardinal Mazarin at the age of 3 as his personal and financial advisor and Prime Minister at the request of Louis’ mother, Queen Anne. Cardinal Mazarin lacked the political shrewdness of Cardinal Richelieu and his attempt to increase royal revenue led to the Fronde – civil wars between the Monarch and advocates of anti-royal government policy. Eventually, Louis IX 1) got rid of Mazarin, 2) declared himself king by “Divine Right,” and took absolute control of France. 3) Louis then hired an able financial advisor...
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...Management Policy and Risk Management Strategy Written Report Keeley Lassig SCOPE To become a water wise cafe, implementing policies and procedures in order for the cafe to run effectively. Upgrade toilet and dishwasher. Purchase frozen par-bake cooking system. GOALS * Serve competitive high quality coffee and food. * To have friendly well trained staff who provide great customer service. * Be Water wise * Be a profitable establishment with ongoing growth STAKEHOLDERS Stakeholder | Internal/External | Role in Process | Stake in Process | Macville Pty Ltd | Internal | Owners | High | Me | Internal | Manager, Finance, Audit | High | James Mansfield | Internal | 2nd in Charge | High | Paula Kinski | Internal | CEO | High | Goldsmith Partners | External | Legal Advisers | Medium | Ron Langford | External | Landlord | High | Public | External | Customers | High | Staff | Internal | All Roles | High | Suppliers | External | Supplying Stock | High | ANALYSIS PEST Policies and Procedures – to include Human Resources Policy Financial Policies Corporate Governance Policies Business Planning and Budgeting External Audit Risk Management Reviews Monthly Planning Taxation Economic Growth Computers Water Policy Establish own products Employee Confidentiality Wage and Super Records National Broadband Network Footpath Dining Incedent reports SWOT Staff Customers Profit Margins Market Position Financial Resources Sales ...
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...| | |Financial Statement Fraud | |Navistar International Corporation | | | TABLE OF CONTENTS |Introduction |3 | |How the Fraud was Perpetrated and Concealed |4 | |Start Up Costs |4 | |Estimated Warranty Expense |4 | |Rebates |5 | |Tooling Buyback Arrangements |6 | |Auditor Misconduct & NFC Overstatement...
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...Paper on Burnout Matthew Bradley BSHS 462 January 9, 2012 Patti Williams Paper on Burnout Professional burnout is defined as “the state of physical, mental, and emotional exhaustion caused by long-term involvement in emotionally demanding situations” (James, 2008, p. 531). The service provider may have a variety of physical, mental, and emotional signs and symptoms signaling the onset of burnout. The physical symptoms may include feelings of depletion and exhaustion without underlying illness, lowered immune responses, and increased episodes of headaches and minor illnesses. Emotionally the provider may have feelings of hopelessness and helplessness, poor self-efficacy and self-image, and overall pessimism that were not present before. James (2008) reports 6 main individual, cultural, organizational, supervisory and social support factors that set service providers on the course for burnout: role ambiguity, role conflict, role overload, inconsequentiality, isolation, and autonomy. Providers, supervisors, and organizations may create role ambiguity by not clearly establishing the providers’ rights, responsibilities, procedures, goals, status, and accountability measures. Cultural expectations may blur these lines for individuals, as well. Cultural and moral upbringing may also cause role conflicts when the expectations of supervisors, organizations, or society conflict with the provider’s values and ethics. When providers have excessive service demands in the areas of...
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...Washington was the first President of the United States and he chose two men with contrasting views on what the fate of the United States should be as part of his advisory board. Thomas Jefferson was chosen by Washington as the head of Department of State. Jefferson was a Virginian and diplomat, known for his views on small national government and representing the small planters and western farmers of America. George Washington then chose Alexander Hamilton as his secretary of the Treasury. Born and raised in the Caribbean, he worked for Washington as his aid during the revolutionary war and was a lawyer. Hamilton was known for his views on a strong national government. He favored merchants and financiers by implementing bold financial policies which gave the national government more authority. (1) As secretary of the Treasury, Hamilton submitted to Washington and Congress three major proposals which shaped American Treasury forever. The first was for a national public credit which helped fund the United States debt both nationally and internationally. The second was for the creation...
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...together under the crown. However, during the rule of James-I and Charles-I tension began to build. By then, the new landed gentry and traders wished to settle down. As their income from land reduced, the feudal gentry became more dependent on the courts for jobs. Moreover, as the Stuart monarchy became less useful to the bourgeoisie, it became more important to the aristocracy and courtiers, becoming their only means of economic survival – hence becoming the main reason to fight for it in the Civil War, since the monarchy was bound by the feudal order, the king himself was the greatest feudal lord. In the early sixteenth century the alliance between the crown and the parliament had been genuine. The monarchy had used the bourgeoisie as an ally against the other great feudal houses. The Parliamentary franchise was very restricted and the House of Commons represented the landed class and the merchants exclusively, while the House of Lords remained the more important chamber until the Commons seized the initiative in James I’s reign. However, by the last decade of the sixteenth century the bourgeoisie ceased to depend on the crown for protection. The crown was also becoming increasingly aware of the dangers of the growing wealth of the bourgeoisie. This clash became evident within the parliament of James-I and Charles. James formulated policies of divine right of the King. However, the real core of the problem was financial. Prices were rising and the wealth of the bourgeoisie...
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...Citibank: Performance Evaluation Case Analysis November 21, 2010 James McGaran’s Performance Evaluation. Doing the year-end performance evaluation for James McGaran, the branch manager of the flagship office in the Los Angeles area, was probably one of the most difficult experiences in all my years with Citibank in the capacity of area manager. James has been not just an exemplary employee in our area, but really someone who other branch managers could always look up to. His career with Citibank has been a quick progression through the ranks from the assistant branch manager to the manager position at the most important of all the bank branches in the Los Angeles area – the Financial District office. Until this year his performance exceeded expectations in every single year. His financial results have been truly impressive. However with the introduction of the new performance scorecard which reflected the company’s broadening of the evaluation scope to customer satisfaction score, it became obvious that this was essentially the only area where James’ performance was lacking. At the same time Frits Seegers, President of Citibank California, was convinced that customer satisfaction indicator was important not only for meeting ever-increasing expectations of highly-sophisticated clients, but also for achieving strategic goals of the division, and staying competitive. Since five of the six performance measures in James’ year-end evaluation were “above par”, the customer satisfaction...
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...Article Writing,Assignments,Research Work,Home Work MenuSkip to content Home How We Work ? Refund Policy How to Order ? Disclaimer Contact Us Finance Cases List POSTED ON MARCH 8, 2013 Hello, If u want us to solve any case study from below list, do contact us anytime, We are here to provide the experience, expertise, and professionalism that you are looking for , Our tutors are available 24/7 to assist you what you need, Click Here to submit your Order. ======================================================================================= Acquisition of Consolidated Rail Corp. by Benjamin C. Esty Airbus A3XX: Developing the World’s Largest Commercial Jet by Benjamin C. Esty American Chemical Corp.by William E. Fruhan, John P. Goldsberry American Home Products Corp.by David W. Mullins AQR’s Momentum Funds by Daniel B. Bergstresser, Lauren H. Cohen, Randolph B. Cohen, Christopher Malloy Arundel Partners: The Sequel Project by Timothy A. Luehrman AXA MONY by Andre F. Perold, Lucy White Beta Management Co. by Michael E. Edleson Butler Lumber Co. by Thomas R. Piper Cartwright Lumber Co.by Thomas R. Piper Citigroup 2007: Financial Reporting and Regulatory Capital by Edward J. Riedl, Suraj Srinivasan Clarkson Lumber Co. by Thomas R. Piper Cooper Industries, Inc. by Thomas R. Piper Cost of Capital at Ameritrade by Erik Stafford, Mark L. Mitchell Debt Policy at UST, Inc. by Mark L. Mitchell Dell’s Working Capital by Richard S. Ruback DermaCare: Zapping Zits...
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