Essays on Finance

Participative budgeting is a planning procedure where the individuals who are in the lower levels of the board are associated with the spending arrangement process. Not at all like the forced planning process, participative budgeting imparts the duty to bring down level administrators to give them a feeling of proprietorship in the business. Participative budgeting...

Structured planning is key to business growth focussing resources on improving profits, reducing costs, and increasing returns on investment (Drury, 2001). Gowthorpe, (2011) and Hanninen, (2013) recognised that budgeting is a financial interpretation of the business plan and should align with organisational targets, provide scope to control cash flow, allow investment in new opportunities, identify...

Introduction This paper is about the effect of the financial crisis on Italian banks. The financial crisis can be divided into two different phases: the first is the subprime phase from 2007 to 2008, while the second is the sovereign debt and redenomination risk phase from 2010 to 2012. During the first part of the...

In this essay I will advise Joey’s executors Rachel Green and Ross Geller, as to the distribution of his estate according to Joey’s intentions and his will he left behind. I will cover the issues including the Whatsapp conversation between Joey and Phoebe Hannigan, his friend, entrusting him with his will which he sent a...

The purpose of this survey is to show the idea of securitization related to the house equity mortgage. It will explain the reason why Assets Back Securities (ABS) were created and how this was supposed to create a better and efficient market by reducing the risk. Additionally, it will help to acknowledge how ABS base...

Introduction Credit insurance/PPI (payment protection insurance)/credit protection is coverage for your loan in case you fall into a financial crisis and not be in a position to repay fully or partially the remaining debt. Such a situation can arise due to joblessness, accident or demise. It is different from life cover in that, nothing you...

Interest is not allowed in Islam. That is mean that the creditor cannot charge any extra amount to the debtor but on the other hand, the debtor also cannot pay less than the amount borrowed unless the creditor gives discount, which is religiously recommended but it is solely at the creditor’s consideration. If the debtor...

International Business 1. Discussion · The collapse of a large number of economies in such a tragic fashion shows that there were fundamental weaknesses and fragility that policy makers did not understand or ignored before the crisis. There is no doubt about the creative impact of market forces, but the private sector’s pursuit of short-term...

Being a professional comes with a lot of responsibility. Most of the decisions taken by professionals will not only affect them but also the people around them. By telling lies they can undermine their own integrity and loose people’s trust. Actions like using poor quality material and undertaking tasks that a person lacks training and...

Abstract—Credit is a technique that is used to sell goods or services with the buyer having no cash in hand. An automatic way to proffer credit to a client is a credit card. An identifying number is carried by each credit card which speeds shopping transactions. The main problem in the credit card industry is...