...reduce workforce, which resulted in leaving highly educated people without a job. Some of the unemployed people are considered to be over-qualified for jobs where employers are not able to offer high salary, leaving the unemployed jobless for a long time. The issue has caused a negative effect on the economy. The unemployment issue is blamed for the high rate in mortgage foreclosure. When a property is mortgaged, the bank holds the property as collateral on the loan. If the homeowner fails to pay the loan, the bank can take legal action to claim ownership of the home. This action is referred to as a foreclosure. Many homeowners depended on two incomes to manage the monthly bills. The lost wages from an unemployed spouse can create extreme financial hardship, which affects holding on to a home mortgage. With limited choice, these families are forced to walk away from their homes. These once highly skilled workers spend many months, even over a year looking for employment. Usually a bank will give the homeowners a little time to catch up on the missed payments. Eventually, the lender of the home mortgage will step in and foreclose the property after the home owners default on their payments. My proposal will provide a mathematical modeling analyzing the unemployment rate in the state of Florida with relationship to mortgage foreclosure. This model will provide a linear equation that expresses the relationship between the unemployment rate and mortgage foreclosure in Florida. In addition...
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...Integrated Information Management Rosa Martinez Integrated Information Management Developing an integrated information management system for human service organization requires four external and six internal considerations. The four external are economic, sociological, political, and technical factors. The economic field is the way money is handled and invested; this is where they compare with other sources, competitors, and consumers. The sociological field is where the community necessities are taken into consideration and where profiles of people are created to have more control. The political field knows the state laws and regulations Also, knowing the political environment in the community. And lastly, Technological factors in human services organization means being up-to-date and computer savvy and familiarized with equipment, computers, and new technology. The six internal types of data and organization are organizational purpose, planning, operations, human resources, technical resources and financial resources. The organizational purpose means having a good mission statement, one that the organization can back up with proof because this is their logo that represents them and says to the public what they’re about. Planning is about using current information (data) to plan for what’s next such as people’s needs. This will help them provide better services in a more faster and accurate manner. Organizational operations require periodic observations of programs and...
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...definition of the confidentiality. Wikipedia, encylopedia states confidentiality as follows, “Confidentiality has been defined by the International organisation for standardization (ISO) as ensuring that information is accessible only to those authorized to have access” The organisation is legally responsible to collect, manage, use and disclose personal information and to comply with legislative requirements, for instance Data Protection Act 1988, Common Law rules and the organisation’s rules of Ethical Conduct. According to Data Protection Act 1988, any personal data collected in the course of business activities will be treated in accordance with that Act. In an organisation, human resource department holds the information of the employees. The importance of confidentiality procedures which should be followed by a human resource manager will be evaluated. When dealing with some of the areas, for instance, Personnel Records/Files, Credit and Financial Information, Education Information and Wire, Oral and Electronic Communications, there are effects with regard to an employee’s privacy. Staff members must not disclose personal or other information unnecessarily. Protection of confidentiality includes ensuring files and work areas are organised so that information is not inadvertently disclosed. It is a duty of a human resource manager to...
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...priorities and develop your professional capabilities. Competition among people for professional advancement in both position and salary is high and being able to successfully manage your priorities and personal development is a cornerstone in achieving this. Without professional development you will find yourself left behind in the promotion race and missing out on all the 'plum' and challenging roles that you seek. This applies to all types of employees in every facet of business or industry but it is particularly relevant to office-based workers and managers who don't have the strict structures controlling their every task like a process or factory worker does. There are many different things to consider when thinking about managing priorities and professional development but to begin with you need to formulate a plan. The plan should include your performance as a role model, developing your traits as an effective leader, ensuring your work goals and plan reflect the organisation's, meeting your job responsibilities, measuring and maintaining your personal performance, prioritising your work, use of technology, maintaining a work/life balance, meeting competency standards, determining your developmental needs, taking advantage of learning opportunities that best match your personal learning style, seeking and using feedback, using networks and maintaining your competitive edge. Creating, following and updating your plan is an ongoing process that requires constant reflection...
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...role is relevant Where do you fit? What skills areas do you need to demonstrate? Your mentoring relationship How to record your experience in the logbook The skills guide Personal effectiveness skills Leadership skills Business skills Technical skills 3 4 6 7 8 10 11 12 13 14 15 MICHELLE ROACH CPA 2 Practical experience requirement Did you know? Our studies show that members consistently perform better in their segments when they are enrolled in the practical experience requirement The practical experience requirement of the CPA Program gives you the opportunity to use the knowledge and skills gained in your education and apply them in your workplace. Combining your education with mentored practical experience will give you the opportunity to develop and demonstrate highly sought after technical and soft-skills that will benefit your entire career. Starting your practical experience requirement means that you are one step closer to your goal of becoming a CPA. CPA Australia recommends that you start the practical experience requirement and the professional level segments at the same time, if you are employed in a relevant role. What are the requirements? • complete a minimum of three years of relevant full-time or equivalent part-time work experience • demonstrate competence in 16 personal effectiveness, leadership, business and technical sub-skills to a CPA, FCPA or equivalent full member of an International Federation of Accountants (IFAC) member body What...
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...CPA Program The practical experience guide and logbook If you require further information about the practical experience requirement, or would like to notify us of a change, please contact CPA Australia: practicalexperience@cpaaustralia.com.au or contact your local office – details can be found on the inside back page of this guide. Disclaimer The material used in this booklet has been designed and prepared for CPA Australia’s practical experience requirement. It provides tailored guidance for mentors who are registered in CPA Australia’s practical experience requirement. The booklet and contents should not be used for any other purpose. CPA Australia, the publisher and the author of this booklet take no responsibility for any loss incurred by any person who relies on guidance offered in this booklet. Legal notice Copyright CPA Australia Ltd (ABN 64 008 392 452) (“CPA Australia”), 2010. All rights reserved. Save and except for third party content, all content in these materials is owned by or licensed to CPA Australia. All trade marks, service marks and trade names are proprietory to CPA Australia. For permission to reproduce any material, a request in writing is to be made to the Legal Business Unit, CPA Australia Ltd, 385 Bourke Street, Melbourne, Victoria 3000. CPA Australia has used reasonable care and skill in compiling the content of this material. However, CPA Australia and the editors make no warranty as to the accuracy or completeness of any information in these...
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...Behavioural Finance Financial Risk Management Table of Contents Table of Contents 1 Risk Management Paper ........................................................................................................ 2 1.1 Introduction and interpretation .................................................................................................... 2 1.2 Implementation ............................................................................................................................ 4 1.2.1 Aspects to consider ....................................................................................................................... 4 1.2.2 Implementation Process ............................................................................................................... 8 2 Appendix I – References ....................................................................................................... 10 Date: 24 of May 2012 th i Risk Management Paper 1 1.1 Risk Management Paper Introduction and interpretation If at the beginning of 2011, a highly respected person advised me that I was going to live through three major earthquakes within a year I would have struggled to believe them and justify arguing with the historical and scientific data, which clearly states the converse...
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...1 My humanly generated summary 6 8.2 Tools 4 noobs generated summary 6 8.3 The word cloud 8 8.4 The 140 character summary 8 9.0 Reference 8 1.0 Executive Summary The main purpose of this report is to evaluate Tools 4 noobs generated summary, the Wordle to generate a word cloud and the 140 character (Twitter style) summary by comparing them to my own summary. Information tool is the material basis for the implementation of information management, through the comprehensive information to refine and induct, then analyzed and compared, given the options of the principle of information tools to enable individuals to efficiently carry out information integration, improve the value of the individual in society and the organization (Earl, 2000). 2.0 Introduction There are two requirements to extract information: timely and accurate. Timely means that extracting information is sensitive, and rapidly provide the information needed in management activities (Lansdale, 2001). This includes two aspects: on the one hand, promptly identify and collect information. On the other hand, promptly transmit information. Information requires not only in time, but also must be accurate. Only accurate information enables decision makers to make the right judgments. To ensure the information is accurate, first requires the original information is reliable (Maes, 2002).Second is to maintain...
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...Social Media Policy Social Media pertains to user-created audio, video, text or multimedia works that are shared in an electronic environment, such as Facebook, Twitter, email, personal blogs or instant messages. In as such, the policy of our company is that employees may use Social Media for their personal use while off the clock and in compliance with our company’s terms related to Social Media. Please note that conduct that is illegal or in direct violation of the company’s policy on Social Media will still be deemed a violation of policy or illegal if it occurs online. Employees are entitled to express their opinions and ideas, but have a responsibility not to violate the company’s policies or negatively reflect on the organization. When communicating online employees should never speak on behalf of the company or about the company without prior authorization from management or marketing, or hold a position that has been approved to speak on behalf of the company. The company reserves the right to restrict and monitor employee’s use of social media. The employee should remember to: Be respectful; Be authentic and always state your name; Be careful and protect your personal information; Be responsible and act with integrity. The employee should never disclose confidential information. The employee should never disclose patient information. The employee should never disclose personnel information. The employee should never disclose legal information. The employee should...
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...Class of: 2013 Course Title: Financial Risk Management (FRM) Semester: III Credits: 3 Course Objective & Learning Outcome: This course gives students a working knowledge of derivative instruments and their applications in managing various types of financial risks. While doing so, students would understand the organizational aspects of those risk functions and their roles & responsibilities. The emphasis is on mechanics, properties and valuation of forwards, futures, options and swap instruments. In covering these instruments, cases, examples and notes would be sought from markets so as to provide a holistic view of the financial market structure i.e., currency, fixed income, equity and money markets. Cases discussed in the class would be contemporary in nature drawn from international experience. Pre-requisites: Students are advised to be through with Financial Management I, Financial Management II and Quantitative Methods. Students are expected to go through all the reading prescribed before every class and make a meaningful contribution through active class participation. The course is delivered through a combination of case discussions, problem solving, real life risk reports and simulation. The course would have an analytical and numerical flavor and hence students are required to bring their calculators/laptops to every class. Text Book: 1. Hull, John C. & Basu, S., Options, Futures, and Other Derivatives, 7th Edison, Prentice-Hall...
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...The role of writing in financial field Abstract As far as we are known, writing plays an important role in our daily life and is essential to all people from all walks of lives. Writing can prompt the fast development of the individual progress as well as their professional capacity as well. I am willing to come true this aim in the way of writing, so I do my best to interview a person, her name is Doris. We have the opportunity to pick up some techniques and significant skills in the way of giving question-- how to write in an appropriate way in some degree. Now, Doris is working in financial field. There is no doubt that we can learn some key points of how to write something in this field from her useful and important experiences. This assignment which is an informational report aims to give a brief introduction about the different genres of writings, then provide some useful instructions to her expected audience, what’s more, making those audience known that writing can convey unexpected reflection of our daily life in reality. The importance of writing in financial I have acquire that writing could promote her to achieve a lot of things during the process of her career such as data analysis, strategy decision making, and more about the international business. Moreover, Doris has spent 3 more years working in this field. And everyday, she takes one and a half to write. Meanwhile, she will try her best to finish her tasks, no matter how difficult the tasks are, she...
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...analytical and educational background Management experience Diverse work and life experience Experience 02/2010 – present Raiffeisen Bank International AG, Austria Credit management corporate, Director Counterparty credit risk and underwriting management in European emerging markets with special focus on Russia and Ukraine. 12/2008 – 01/2010 Structuring complex corporate credit transactions such as LBOs and investment loans. Developing an advanced internal tool for calculating Risk weighted assets under both standardised and IRB approaches. Developing and implementing industry concept in credit risk management. Reporting large and complex transactions to the bank’s Credit committee and Management board. Exercising my own approval competences for approval of credit transactions. Mentoring junior professionals and trainees in the department. Raiffeisenbank AD, Bulgaria Corporate credit risk, Head of department Managed a credit risk department of 10 risk professionals responsible for the largest corporate credit risk exposures. Was a voting member of the bank’s credit committee with own approval authorities. Steering the credit committee meetings. Participated in risk related projects originated in head office improvement, Data Quality management, Regular risk reporting). Met National Supervisory in terms of IRB application status of the bank. (Rating model 06/2008 – 11/2008 EFG Eurobank AD, Bulgaria Credit risk management, Head of department Managed...
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...Study: Coca-Cola HBC Treasury Takes Control of Commodity Risk Management Dimitris Papathanasiou, Coca-Cola HBC - 11 Sep 2013 Coca-ColaHellenic Bottling Company standardised its approach to risk management by transferring commodity risk management into treasury, so this central and vital business process could be managed by experts on an integrated basis with other financial risks and overseen by the financial risk management committee. This case study explains how organisational changes, combined with the introduction of risk management technology, enabled the organisation to plan and execute a consistent, cost-effective hedging strategy, with reduced counterparty risk exposure levels, improved transparency and stronger levels of control. Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) is the world’s second largest bottler of the Coca-Cola Company’s products and the largest in Europe. Net sales revenue for fiscal 2012 was €6.8bn. Coca-Cola HBC is headquartered in Zug, Switzerland, and has a premium listing on the London Stock Exchange and a secondary listing on the Athens Exchange. It serves approximately 581m people in 28 countries. The company decided to concentrate its commodity market risk management within the treasury department, in response to high levels of profit and loss (P/L) volatility and the relatively high credit risk with its suppliers. The ensuing project involved change management for transfer of the company’s commodity risk hedging to treasury...
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...A risky business Dodie: We are all here now. As you know that Zelal Sulen is our new boss now. After she took up the official post, she found that Hi-Style is out of touch with its target consumers and is losing direction. As the member of manager consultants, for this point, today we need to think out at least two options to advise her to improve the situation. Am I understood? And think a while... Okay, let's make a start. Who want to speak first? Lily: Well, in my opinion, Hi-Style could allocate £10m to new investment in the business. For example, it could improve distribution and sales through an exclusive agreement with a major retailer, which could provide a steady marketing channel. Second, to launch new product ranges with major advertising campaigns. Thus, new products will be known to customers. Hi-Style could definitely reach wide publicity. Thirdly, to employ brand development consultants so as to improve its image. Brand development consultants are more professional so that better brand image will be built, leading to its properous future. Fourthly, to hire a top retailing executive to run the business. Therefore, the business will be more smooth and sales will be increased. The last one is to commission City Associates to do a thorough review of all Hi-Style's activities, from which Hi-Style could catch a better understanding of the whole business to control its operation. Dodie: Good.Thanks. Lily. And what's your opinion, Serena? Serena: Well, I prefer the...
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...the problem of household financial management. It discusses the relationship between mothers spending behavior and their knowledge in financial management. Related literature According to Lusardi and Mitchell, 2009 financial knowledge is Increasing knowledge about the financial matters that enhances an individual’s ability to make informed decisions about how to control and manage their finances. Financial knowledge has implications for how individuals spend, save and invest money, as well as how they budget and set monetary goals. Research shows that lack of financial knowledge is related to debt (Norvilitis et al., 2006) and increased knowledge can lead to individuals engaging in positive financial practices and fewer risky ones (Borden et al., 2008; Hilgert, Hogarth, & Beverly, 2003). Adults with better financial knowledge are more likely to plan for retirement and engage in financial practices that lead to asset accumulation. Normally, gains in financial knowledge can be tested immediately upon completion of the program, by asking participants a set of questions that cover a range of personal finance topics. Ideally, both pre and post-tests should be implemented to effectively assess a program’s impact on individuals’ financial knowledge, assuming that participants have had long enough exposure to program interventions (NEFE, 2013). Borden et al., 2008 attitude toward financial matters and practices is an important predictor of financial behavior. Attitudes, values...
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