Who Is the Egyptian God Ptah

Gender Roles in Television Essay - 1068 Words

Introduction It is often said that the media and the arts are an accurate reflection of any given community. This is especially true in American pop-culture, where television shows depict the various stereotypes attributed to men and women and the roles they play in society. House, a highly popular medical drama that revolves around Dr. Gregory House and his diagnostic team, is a particularly good example as it represents the true state of the traditional gender roles in American culture today by, both, redefining and reinforcing them over the course of the show. In Big Baby, the thirteenth episode of the current season, the show highlights these gender roles by centering on the effects the recent adoption of Rachel has had on Dr.†¦show more content†¦In Gender Role Behaviors and Attitudes, Aaron Devor sheds light on this stereotype: Feminine characteristics are thought to be intrinsic to the female facility for childbirth and breast-feeding. Hence, it is popularly believed that the social position of females is biologically mandated to be intertwined with the care of children and a natural dependency on men for the maintenance of mother-child units. Dr. Cuddys confusion and fears over raising her adopted daughter indicates a significant shift from this centuries-old stereotype ascribed to women — a radical redefinition of traditional gender roles. Mr. Sensitive However, this redefinition is not limited to women alone. Dr. Wilson is perhaps the most diplomatic, sensible, and level-headed character in the entire show as he constantly strives to broker a truce between the clashing personalities of Dr. Cuddy and Dr. House. In this episode, he reveals his emotional and sensitive side as he attempts to console a tearful Dr. Cuddy who was struggling with maternity. He returns to her house later on in the episode and attempts to cheer her up by bringing Dr. Cuddy an age-enhanced photograph of a teenage Rachel. He tries to get her to understand that the motherly love develops over time. He then admits that the photograph came with the frame and was not Rachel. Dr. Wilsons genuineShow MoreRelatedTelevision Shows Influence On Gender Roles Essay912 Words   |  4 Pagesour gender is up to us (Eckert and McConnell- Ginet). In the case of television shows, how characters perform their genders is up to the script writers. Media, specifically television shows, plays a sizable role in creating and enforcing gender norms because of its wide range of influence. Many popular television shows tend to exaggerate gender roles by making actors either overplay or underplay the gender that goes with their assigned sex. While the actions of the characters play a large role inRead MoreGender Roles Of The American Film And Television Industry3106 Words   |  13 Pages Gender Slaves The America film and television industry’s excessive use of stereotypical gender roles has negatively influenced society. Stereotypical gender roles are based on standards expected of males and females. Men are considered to be financial providers, career motivated and aggressive. Whereas women have been represented as low position workers, loving wives and mothers. Despite television programs and films that attempt to promote positive concepts about gender, male superiority overRead MoreEssay about Women in Roles on Television665 Words   |  3 PagesWomen in Roles on Television The quality of American television has become a national disgrace. Young women in America who are displeased with their appearance more likely then not can trace those feelings directly back to images from the mass media on television. The unrealistic representations of women that the mass media bombards young women with indicates that the television has become a source for a distorted understanding of gender roles among adolescent women. TheseRead MoreThe Impact Of Television On Television1402 Words   |  6 PagesTelevision has come to define American culture and its youth in very significant ways. What began as a platform for entertainment has branched out into becoming a remarkable and unexpected way for younger children to learn. It is important to note what is being broadcasted on television because of how much influence it has on the youth. It has become the dominant storyteller in homes rather than parents, the church, or schools (Signorielli, 2001). As technology furt her advances, children are generallyRead MoreMass Media And Gender In The 1950s752 Words   |  4 Pagesmedia has influenced gender norms in the United States since the 1950’s when television became a household phenomenon. Per Jacqueline Coombs in an article titled Gender Differences in the Influence of Television on Gender Ideology, she asserts, â€Å"television is a powerful source in disseminating information and shaping opinion, exposing people from many different social settings to the same messages† (207). These messages can influence gender norms and reinforce personal gender identity. ThroughoutRead MoreGender Roles Of Men And Women1749 Words   |  7 PagesRoles of Males and Females in Different Television Programs Americans watch an alarming amount of television starting from a young age. The average American watches five hours of television a day (Koblin 2016). This enormous amount of media input influences perceptions and is connected to cementing many things in people, such as gender roles. Gender roles are thoughts, actions, and feelings learned by a person fitting their gender due to cultural norms (Santrock 2016). Additionally, stereotypes appealRead MoreThe Effects Of Television On Children s Television1306 Words   |  6 Pagesworld, television is one of the most pervasive and influential form of mass communication for children. Children are now born into homes in which for the first time in American history a centralized commercial institution, Television, rather than parents tells them about the way they need to act according to their gender roles (Signorelli, 2001). The more time viewers spend with television the more likely their conceptions about the world and its people will ref lect what they see on television (SignorelliRead MoreGender Stereotypes And Gender Roles1241 Words   |  5 Pagesnever be able to control how gender stereotypes are formed. Gender roles were naturally created as a result of human evolution and the different modes of living that were adopted by humans. Humans, however remain the driving force behind reinforcing gender roles and stereotypes with different mediums. Such as television, art, and writing. In order to understand how gender is portrayed in contemporary American comedy this paper will analyze the characters from the television show, It’s Always Sunny inRead MoreThe Cosby Show, Challenging Gender Ideals1546 Words   |  7 Pagesthe way we view gender roles on television. Television still perpetuates traditional gender stereotypes and in reflecting them TV reinforces them by presenting them as the norm (Chandler, 1). The Cosby Show, challenged the typical gender stereotyping of television, daring to go against the dominant social values of its time period. In its challenge of the dominant social view, the show redefined the portrayal of male and female roles in television. It redefined the gender role in the work placeRead More Gender Roles in The Cosby Show Essay1530 Words   |  7 PagesGender Roles in The Cosby Show On September 20, 1984 a show aired that changed the way we view gender roles on television. Television still perpetuates traditional gender stereotypes and in reflecting them TV reinforces them by presenting them as the norm (Chandler, 1). The Cosby Show, challenged the typical gender stereotyping of television, daring to go against the dominant social values of its time period. In its challenge of the dominant social view, the show redefined the portrayal of male

Parental Control and the Internet - 836 Words

Parental Control and the Internet Probably every parent wants to be a supportive guardian while protecting his child from being exposed to inappropriate web content. The problem is that the subtle line between safeguarding and spying may be difficult to delineate. It seems like many parents, especially those having teenagers, tend to choose a liberal strategy fearing to overdo the monitoring and spoil the relationship their children. However, I believe, a permissive approach can lead to a situation where the Internet use becomes utterly detrimental for a child; therefore, parents should curtail all online activities not relating to education. The broad range of potential risks a child could be exposed to, while surfing the Internet, do not leave a place to even a little compromise. Current Web is much like a real life has its murky side with its crime and fraud. Quite accidentally children end up viewing inappropriate websites containing pornography, gambling, swearing, and violence. While discovering those resources, a child cannot estimate possible future implications which can affect his future. On the contrary, he may think that he is learning about real life and becoming more experienced. For instance, a 12 years old boy will scarcely be able to foresee that watching pornography can translate to a life term addiction and completely ruin his sexual life. Obviously, those certain online encounters can be excessively detrimental for young impressionable minds. PerhapsShow MoreRelatedThe Effects Of Media Violence On Children873 Words   |  4 Pagescommunities, we must make an impact ourselves through leadership. Violence is widespread and easily available through media outlets, causing our children mental harm. We are active caretakers and we can easily protect our youth by the usage of parental controls on television set, mobile devices, and computers. â€Å"Ninety percent of movies, 68% of video games, and 60% of TV shows show some depictions of violence† says Caroline Knorr, a parenting editor for Common Sense Media (cnn.com). A main concernRead MoreWays Of Reducing Risk Of Children And Young People From : Social Networking1148 Words   |  5 PagesTask 24. Describe ways of reducing risk to children and young people from: Social networking Internet use Buying online Using a mobile phone ICT curriculum in schools helps children gain computing skills it also helps children to understand potential risks of using various devices and being on-line. Cyber-bullying is very common threat affecting children in recent years. Arranging Displays, posters, discussions and sharing information about how to use devices safely and protect themselves can reduceRead MoreTechnology : Child s Dream Or Nightmare?974 Words   |  4 Pagesunderstanding a person’s emotions. The technology epidemic is creating negative energy towards children in today’s society; it is changing children’s emotions, influencing obesity, effecting cognitive ability, producing unsafe situations, and disconnecting parental relationship. Emotions generated by Children are broad and are effected by the types of technology they are exposed to. These emotions can consist of motor skills, thinking ability, and interactions with other children. Video games can help fineRead MoreAnalysis of Violent Culture: the Media, the Internet, and Placing Blame660 Words   |  3 PagesAnalysis of Violent Culture: The Media, the Internet, and Placing Blame The author, Darren Beals, did not modify my opinion on the topic of violent culture but he presented evidence from several point-of-views. The media, internet, parents, and television all could be part of the problem Beals did not choose a side he just elaborated on their involvement in the Kipland Kinkelss shooting spree. In 2004 Students age 12-18 were victims of about 88,000 violent crimes at school, compared to aboutRead MoreLack Of Parent And Teacher Perceptions Of Student Achievement And The Home School Partnership Essay1545 Words   |  7 Pagesafter school hours. To some extent, parents can control some of the barriers that make it difficult to become involved in their children’s education. What impact does it have on parent and teacher perceptions of student achievement in the middle school? Problem Statement Parent involvement is a very broad subject with various ways of being defined. It has been touted for years as a viable predictor of student achievement. The common wisdom is that parental involvement and strong schools are inseparable—thatRead More Prevent Internet Censorship, Save Freedom of Speech Essay1293 Words   |  6 Pageslives. However, the negative aspects of the internet have been recently brought into the public eye. Social Networks such as Facebook and Twitter along with other popularly accessed websites such as Reddit, 4Chan, and Pinterest have become the subject of critique after a whirl of internet controversy arose. Public scrutiny of many popularly viewed sites has resulted in the call for restrictions in order to prevent the harmful aspects of the internet. This controversial topic has created a riftRead MoreComparing Explorer Vs. Safari1043 Words   |  5 PagesComparing Explorer vs. Chrome vs. Firefox vs. Safari The internet is part of everyday life for most people. It connects people to information that can be accessed from the web any time, any day of the week. To connect to the internet, an individual needs a thing called a web browser, or browser for short (Beal). A browser is defined as â€Å"a software application used to locate, retrieve, and display content on the World Wide Web, including web pages, images, video, and other files† (Beal). There areRead MoreAnalysis Of Fix Cannot Connect To Itunes Store1239 Words   |  5 Pagescan t connect to iTunes store error, it is mainly due to your internet connection issues (at most times due to a slow network). It can also happen if you try to access the store when it is getting updated. But, other than these two prime issues, there are a few other reasons too for this error. So, let’s take a look into the top 10 ways to fix this issue. How to fix this error on your iPhone/iPad? 1. Disable/Enable the Parental Controls on your Apple Device This method has worked like a magic forRead MoreBenefits Of Cell Phones For Young Children882 Words   |  4 PagesHaving a cell phone in today’s society has become a modicum of what some perceive on an everyday basis, with children younger than the age of 13 not so much. Although, a plethora of people may argue that younger children have the ability to have internet access, and the thought of predators seeking out younger children through their cell phones remains terrifying. Some also believe it remains safer for young children to have a way to communicate with not only the authorities on the other hand alsoRead MoreThe Link Between Parents Perceptions Of The School And Their Responses On School Bullying954 Words   |  4 PagesBetween Parents’ Perceptions of the School and Their Responses to School Bullying: Variation by Child Characteristics and the Forms of Victimization primarily focuses on the parental involvement and influence concerning their children experi encing bullying in school. The article s central premise suggests focusing on parental viewpoints of school environments as an element affecting the response to school bullying and the child’s victimization. #1) The article is composed of the following hypotheses:

Bureaucracy Of Bangladesh An Important Part Of The...

A Bureaucracy is an administrative or social system that relies on a set of rules and regulations, procedures, separation of functions and a hierarchical structure in implementing controls over an organization, government or social system. In the modern world, bureaucracy is the centre of all the work done by the government. It is often misinterpreted and misunderstood as a synthesis of organizational arrangements and as a social institution. Indeed almost every one find the bureaucracy â€Å"a convened whipping boy to explain all varieties of social problems.†(Peters,1981:56) Bureaucracy is an important part of the government. It helps to function all the work of the government quickly andmore effectively. Moreover it also helps to increase the public value in the Public sector. Bureaucracy in Bangladesh: Bangladesh a country which gained independence in 1971, as a result of a great war in which millions of people gave away their lives. Since then the bureaucratic system in Bangladesh is gradually changing. In terms of reforming and upgrading, bureaucracy of Bangladesh has become a more complex, highly expanded hierarchical system and more. The government of Bangladesh has a complicated structure. Here many civil servants work at different grades to serve the public sector. Moreover the bureaucrats help the policymakers to formulate and implement the public policy so that they can reach their particular goal for which they were formulated. Bureaucrats are one of the mostShow MoreRelatedBureaucracy And Its Effect On Society943 Words   |  4 PagesBureaucracy belongs to an important part in administrative science. Because this concept is a universal concept. Bureaucracy impacts on our society. Though it has a positive impact now-a-days it becomes more worsened in our country. It has become more red-tape in our country. Moreover it has many negative externalities such as rigidity, over formality, corruption and so on. WHAT IS BUREAUCRACY? Firstly we have to know whatisthe meaning of Bureaucracy. Bureau = office and cracy = practical usageRead MoreAdministrative Corruption Is Now A Buzzword For The Current Era Essay1360 Words   |  6 Pagesprivate organisation untrustworthy and increase nullification negligence and in society. Corruption has been the problem belonging ever since from the human civilisation.Corruption is not a new phenomenon Bangladesh. It got heavily engaged with the administrative and socio ­political system of Bangladesh. The word Corruption came from the Latin word Rum ­pere which means breaking.†According to the words expression corruption occurs when something (rules,ethics,behavior,norm) is broken†(Mousavi pourkianiRead MoreBureaucracy And Corruption : A Developing Country Of Southeast Asia Essay1092 Words   |  5 PagesBangladesh is a developing country of southeast Asia. It is a country with a population of more than 150 million people. The government system is parliamentary government system. Bureaucracy is a important part of the government which works for the efficient and effective policy Implementation. Now a days corruption is seen every where in the society and for this bureaucracy can t work properly. In this paper,l will try to find out the relationship between bureaucracy and corruption; try to findRead MoreSeminar Paper on Prismatic –Sala Model vs. Bureaucratic Model3996 Words   |  16 Pageshis background in sociological theory, Riggs created the â€Å"fuse d-prismatic-diffracted model.† This model covers a wide range of research. For instance, economic life, social structures, political symbols, and the allocation of power are all part of the analysis of structural function. From the perspectives of heterogeneity, overlapping, formalism, and social transformation, the model observes peculiar characteristics in prismatic society. Prismatic Sala Model F. W. RiggsRead MoreA Report On Prospects and Problems of Telecommunication.1223 Words   |  5 Pagesprospects of the industry, and finally taking marketing strategy for the customers and overall the industry. If Government, authorities, companies will give attention in this sector then whole industry will be benefited as well as general people, country and companies. The main objective of this term paper is to show the problems and prospects of telecommunication. It can be said that the Bangladesh telecom market has a lot of potential to offer considering strategically ignorable or somehow alterableRead MoreNew Public Management And Administrative Philosophy Essay3038 Words   |  13 PagesIntroduction: New Public Management is a management philosophy which is used by the government since 1980s to bring up to date the public sectors. Many developed and developing countries are now testing about the applicability of New Public Management in their context. New Public Management is conceived as administrative argument and administrative philosophy (Hood,1991) where these two concepts were fraternal rather than identical twins. The concept of administrative argument and administrativeRead MoreEconomic Environment In China Case Study860 Words   |  4 Pagesconsumers, bureaucracy, governmental challenges, trade regulations of china (such as tariff rate, import tariff, vat, consumption tax, business tax, and corporate income tax, quota and lice nsing control and free trade agreements with China). In December 2016 Chinese consumers per capita income was as USD 6894.50. The important thing is, this income was three times higher than Bangladesh India whose Per capita income were 1029.60 and 1861.50 respectively (Trading Economics, 2017). Bureaucracy: TheRead MoreThe Causes And Effect Of Resistance On The Government Organizations During The Public And Private Sectors1776 Words   |  8 Pagesreviewed. 1. Anis Khassawneh Khassawneh works considered relevant to the part of this study because it has been investigated and identified the main causes of employee resistance to changes in government organisations in Jordan. He discusssed the causes of resistance to change in developing countries. He cited the experience of Bangladesh in changing the administration, where there has been a rejection that comes from government officials (Khassawneh 2005:19). This experience was the result of researchRead MoreIndia s World For Peace, Prosperity And All Round Development1543 Words   |  7 Pageseyes. The militaristic, political confrontation between these two countries saw the biggest triumph for India, humiliating and unbearable defeat for Pakistan and the creation of a new nation Bangladesh who went through their most horrible days, from the erstwhile East Pakistan. The liberation of Bangladesh from the cruel clutches of Pakistan was the main reason for conflict between India and Pakistan. India being a sandwich between East Pakistan and West Pakistan could not turn his eyes from theRead MoreClass Struggle5630 Words   |  23 Pageseconomism) hardly threatens the status quo. In fact, by applying craft union tactics of excluding other workers from skilled trades, an economistic struggle may even weaken the working class as a whole by dividing it. Class struggle becomes more important in the historical process as it becomes more general, as industries are organized rather than crafts, as workers class consciousness rises, and as they self organize away from political parties. Marx referred to this as the progress of the proletariat

Persians vs. Akkadians Free Essays

The two empires that I am writing about are the Akkadian Empire which was from 2350-1900 B. C. E. We will write a custom essay sample on Persians vs. Akkadians or any similar topic only for you Order Now And the Persian Empire, which was from 2000-330 B. C. E. They were both very powerful and inventive. So first is the Persians. The Persian Empire was from 2000-330 BCE. Though they didn’t begin to, appear in the region east of Mesopotamia until 1300 BCE. The Persian Empire developed in 2000 BCE but at this time the Persians were very nomadic.So they really didn’t establish themselves until they came to Mesopotamia and started become more horticultural. They brought iron working skills with them to Mesopotamia; they were the only empire at the time who knew how to work with iron or even what it was!! They had an awesome administration. They had many great kings, but by far the best in my opinion was Cyrus II, the great. He was a very skilled military leader and the Persian Empire conquered the Medes in 550 BCE, the Lydians in 546 BCE, and finally the greatest conquer of them all the Babylonians in 539 BCE. But the down fall of the Persian Empire was not so simple.Since they fell and then reestablished their empire over and over but the first time they fell was after king Xerxes died in 464 BCE. They fell because they had a failure of leadership. But realistically the Persian cultures and traditions live on in modern day Iran. Matter of fact Iran was called Persia until 1930 CE. The Akkadian Empire was much different though. It was from 2334 BCE till 2279 BCE. The Akkadian Empire had a very good administration until Sargon and his family died out. Sargon ruled for 56 out of 142 years. He had amazing military skills and a military mind set. He put the grounds of military traditions into Mesopotamia.The development of this Empire was very simple. In 2350 they moved from Arabia to Sumer. Conquering Sumer, and all areas connecting Mesopotamia to the Mediterranean Sea. The fall of the Akkadian empire was one of imperial rule. (They fell because of military defeat. ) The neighboring Babylonians wanted their land and took over Akkad by force. Which is also called Dominance. But their traditions were absorbed by the Babylonians because the Akkadian civilization was so advanced. They also used their uniform system of weights and measures. So as you can see these two empires have many similarities and differences.For example they were both from the Mesopotamian region, but were originally from somewhere else. Also the Persian empire fell because of failure of leadership, and the Akkadians fell because of military defeat. They were both developed by river valleys because of their rich soil, fresh water, and agricultural advantages. Their administrations were fairly different though. Akkad’s was highly advanced, and the Persians were very economy based. For example the kings in the Persian Empire were usually worried more about wealth and riches when they conquered another empire than learning their culture and how they ran things.But both Empires had very strong militaries. Though the Persians lasted a lot longer and were a lot larger. That is the basic similarities and differences. So finally, In conclusion the Persian Empire and the Akkadian empire were very different but also very similar in certain ways. They both had good administrations, but they were on completely different pages. They also both had major downfalls, but only the Persian empire rebuilt itself. And finally they developed in similar ways, but with different cultures, and in different places. But they both ended up in Mesopotamia. So that is the Persians Vs. the Akkadians hope you learned a lot. How to cite Persians vs. Akkadians, Papers

Financial Analysis Newmont Mining Corporation

Question: Discuss about the Case Study for Financial Analysis of Newmont Mining Corporation. Answer: Chapter 1: Accounting function of Newmont Mining Corporation William Boyce Thompson is the founder of the Newton Mining Corporation. Newton Mining Corporation (NMC) is the largest gold producers in the world. Consequently, the company has active mines in Nevada, Australia, Indonesia, New Zealand, Ghana, and Peru. Along with this, NMC is the leader in safety and sustainability in the mining industry. The company has been included in SP 500 Index and Fortune 500 (Newmont, 2016). However, high standard and performances of the firm create the value for their shareholders. In this way, the company creates value through portfolio optimization and effective cost optimization for the firm. In current scenario over 28,000 employees are working in the organization. At the same time, the company has delivered the sustainability value for their shareholders and communities, which helps them to make the strong strategy of the firm (Sagebien and Lindsay, 2011). Though, company has an objective to create the value through sustainable mining. Furthermore, Com pany has created the safe environment by focusing on four keys aspects i.e. safety leadership, injury prevention, fatality prevention and health that helps to achieve zero harm workplace (Henisz, 2014). Additionally, Newmont acquired the California empire star mine for increasing their gold production. On the other hand, the company has merged with American gold producers firm Santa Fe Pacific Gold Corporation and Battle Mountain Gold Company. However, Newmont was operating 12 mines in the North America. Earlier company has invested in various resources such as gold, copper, silver, lead, zinc, lithium, uranium, coal, and nickel as well as oil and gas also. Along with this company maintains the strong relationship with the stockholder that helps in economic development (Kotler and Maon, 2016). Nevertheless, the company traded since 1940 on New York stock exchange. Apart from this, key resources of the organization i.e. better workforce, effective technology, physical resources like machinery, financial resource, etc, are helpful in providing a competitive edge (Ennew, et al., 2013). Whereas, the organization has many stakeholders like employees, shareholders, banks, regulatory bodies, tax authority, etc that is helpful in the growth of the business. In this way, the company protects the interest of their shareholder. As a result, an objective of the shareholder is to provide the all legal right in the company decision making, which helps to grow the organization. In addition, the company has followed the corporate governance rules and regulation, which helps them to control the internal activity of the company. Hence, the company increases its productivity. On the other hand, Newmont has achieved their objective effectively with the help of corporate governance. Along with this, effective corporate governance policy also helps to ensure sustainability for the company (Dignam and Galanis, 2013). The Role of accounting is very important for Newmont. It is because it identifies the business activity, financial information, etc. Thus, it is helpful to take effective decision making. Whereas, financial and management accounting play an important role in Newmont business activities, while, financial accounting identifies the financial statements that provide the financial information for the third parties such as stockholders, financial analyst, lenders, etc. Along with this, financial accounting is helpful for Newmonts audit process (Bazley, et al., 2014). Simultaneously, financial accounting is more precise, which follows the Newmont for their effective work. As a result, managers run the business effectively through financial accounting. On the other hand, management accounting provides the Newmont information related to policies, plan, and strategies for effective running the business. As well as, management account is helpful for the company to take a current and future deci sion. However, Newmont managers are provided the financial information of budget, sales, cost, and profit. Therefore, both accounting methods are separated it is because management accounting provides the information and financial accounting prepares the financial statement through financial data. As per above analysis accounting role is more effective for Newmont Mining Corporation. It is because accounting provides the accurate data of companys financial statement. Though, Newmont accounting system is well organized in mining. Consequently, it can be improved through feasibility in company financial data. Newmont has used Ellipse accounting software, which was quite helpful to provide the visible data, global financial reporting, etc. along with this, this software delivers the services like budgeting for distribution, manufacturing, facilities management, which is relatively effective for organization accounting. This software fulfills the unique needs of the organization. At the same time, this software supports the regulatory compliance with the help of SOX, IFRS, and GAAP (Rodgers and Lucas, 2011). Along with this, it is also helpful in corporate, mining and operation communication. Thus, this software is effective for the organization. On the other hand, AMT software determines the precise cost and management capabilities, which is helpful to reduce the risk of the organization. Simultaneously, this software is allocating the resources in different activities for efficient utilization of resources. Moreover, in future AMT software should provide the relevant information regarding strategic management that is helpful to achieve the objectives of the firm. Apart from this, accountants interact with a manager in the annual general meeting of the company. Thus, in meeting an accountant interacts with the manager and third parties, where he discusses the company financial statement and their goals. Similarly, an accountant also interacts with managers at the end of month or year. Apart from this, external accounting increases the feasibility of the organization (Chapman, et al., 2011). It is because external accounting provides the accurate financial statement without any misstatements. Thus, Newmont increases their corporate images through external accounting advice. Similarly, the company also get take the advice through many external accountants for increasing the fairness in financial reports. Chapter 2: A financial accounting analysis of the organisation NMC operates on a global scale and is also listed on New York stock exchange. Hence, to perform well to meet its shareholders expectations is one of its prerequisites. On the basis of financial statements the business is growing as well as performing well as compare to previous year. While a close look into its financial data states that even though the companys net income has decreased to $220 million from $508 million in 2014, it earned good revenue in the year 2015. While balance sheet states that the companys performance has slightly improved as the total assets increased to $25,136 million from $24,916 and total liabilities decreased to $13,786.00 from $14,642.00. This indicates an improvement in companys liquidity performance. Similarly net cash flows of the company decreased to $379 million from $848 million. Companys operating and financing activities is slightly improve and Investing activities has declined. Overall company performance is not good (Google Finance, 2016). The company finances itself through its reserves, cash inflows from operations, loans and issue of shares (AFM, 2016). Capital gearing ratio of NMC declined in 2015 to 53.22% from 63.07%in 2014 as a result of repayment of debt amounting to $454 million. It seems that the companys structure and financial analysis is good and maintaining good level of dividends for stockholders even in times of low profits (Accounting Tools, 2016). Additionally, the company follows an efficient working capital management policy for sound operations. Working capital is the difference between the current assets and current liabilities. As per the financial statements, the working capital management of company is good. The current assets amounting to $4,983,000 and current liabilities of $1,416,000 in the year 2015 indicates that the company has enough assets to pay off its liabilities at the time of risk. Trends in liquidity ratios reveal that the liquidity position of company is better as compared to pr evious year and company is capable enough to pay off its short term debts. And profitability ratio is good as company has earned good profits as compare to previous year (Nasdaq, 2016). Recent profitability trends suggests that the company is earning gross margin of 44% and operating margin of 15% indicating that the financial health of the company is normal and company is paying enough to all its expenses and debts. On the basis of gross margin ratio company can make pricing strategy in future. Similarly profit margin of the company seems less it shows that the company is not derived good net profits from total sales. Pretax margin is normal as company needs to generate more profits before tax. Return on equity seems not so good which shows that the company is not using their investments well to generate greater earnings (Newmont, 2016). Other key ratios calculation below: Hereby, above liquidity ratio of the company indicates that it is increased as compare to previous year like company has a good liquidity and it is capable to pay off its liability. Liquidity position of company has increased as compare to previous year. Gross profit margin of the company is increased as compare to previous year it means that the company is going to earn more profits and its manufacturing and distribution process is improved. Return on total assets indicates decrease as compare to previous it means that the company has not generating more returns on assets this it will lead to the financial loss and affect to the growth of the company. Similarly gearing ratio is low in this year it shows that the financial condition of the company is stable and it will give the good returns to its investors (Google Finance, 2016). If the companys performance is compared to its competitor AngloGold Ashanti Ltd., it can be seen that market capitalization of company is 18.78 billion. It has good market value of its equity compared to its competitor but compared to industry average is 54.67M it is much higher. In terms of revenue, NMC generates higher revenues as compared to its competitor. But overall industry average it is very low. Similarly, net income of the company is higher than its rival indicating that companys financial growth is good and it will give adequate returns to its shareholders (Yahoo Finance, 2016). The company seeks to maintain transparency in its operations and as a result also uses non-GAAP measures to access its performance. It uses All-in sustainable costs evaluate operating performance and also adjustments in net income (loss), free cash flow to analyse the position of company to its competitors. Financial statements are required by the many people for information like directors require statements for making strategies and decisions in management. Shareholders or investors required for the profits and dividends. Auditors requires for the reconciliation of the data for transparency. So, there is no misleading or fraud can be generating in the company. Financial institutions requires for granting loans and credit on the basis of company financial position. Government requires statements to check the authenticity of tax returns whether it is correct or not (Accounting-Simplified, 2016). Additionally, the company gets its accounts audited by Ernst Young LLP and Pricewaterhouse Coopers LLP to assess the accounting principles used and check the authenticity of financial information provided to various decision makes. As per the auditors opinion, the financial information disclosed by the company is fair and conforms to U.S. GAAP (Annual Report, 2015). Not only financial measur4es but qualitative factors like safety of employees, environment safety, etc. also require NMC to invest its time and money. Qualitative factors like cost is associated with sales like extracting of metal and convert into ore. It should be consider on statements. Project exploration cost should be including like expenses related to explore the resources for production of gold it should be included. General expenses like, as a public company to support the structure of the corporate and treatment and refining cost for produce the metal. Yes it affects on resources like land is use for mining which is affected similarly air and water is polluted due to whole operations. Also NMC is dedicated to CSR towards environmental policies. They are taking care into water management like they recycle the most of the water, waste management, Bio diversity, and cyanide management and reduce the impact on air quality and climate. They also work on ethical and governance norms and follows code of conduct (Newmont, 2016). Chapter 3: A management accounting analysis of the organisation For any organization to function properly, it is necessary to manage its accounts to generate reliable and usable information for different stakeholders like managers, suppliers, shareholders, employees, etc. This further generates a need to have a structured accounting system in place to meet the information requirements. At Newmont Mining Corporation, there exists a structured accounting system consisting enterprise resource planning (ERP) software that links the corporations financial, accounting, human resource and asset management functions. Additionally, it is also helpful in reducing the transaction costs of the firm and improving its productivity, and profitability (Beheshti and Beheshti, 2010). Newmont Mining Corporation uses SAP ERP in its organizational structure to carry out a structured and effective management of its financial and other related data. The NMC replaced Ellipse in the year 2011-12 with SAP to integrate AMT software as a value added offering to complement SAP that provides specialized budgeting and decision support asset management functions that was not provided by their earlier ERP, Ellipse (iSolution, 2011). Budgets at NMC are prepared regularly for overlooking the maintenance of the fixed assets of the firm, life of mine, project feasibility and planning for acquisition of new mining sites and firms. The company uses ATM Focus: Maintenance Budgeting along with its ERP to assist in achieving time and money bound targets. The budgeting helps NMC to review its maintenance, finance and operations to optimize cash flow, identify cost saving opportunities, highlight its potential risks and cost centers, forecast future expenses and improve profit generation opportunities for the firm (iSolutions, 2013). To ensure accuracy and quality in its budgeting process, NMC uses participative approach to budgeting to streamline all the objectives of all the functional areas of the organisation by using updated information from the enterprise accounting system. Additionally, the firm uses dynamic life cycle costing to create sophisticated zero-based maintenance budgets from ERP maintenance plans that are fed all the relevant data pertaining to the organisation. Thus, aligning the budgeting process with SAP ERP enables NMC to produce up-to date budgets that are both effective and efficient. Being in the mining industry, it is difficult for the company to exactly estimate the total budgeted production as the extraction of the exact quantity of metal is subject to many constraints. Thus, the company uses three-dimensional Resource models that represent the mineral deposits form in the mines and are also used to support exploration decisions, project evaluation and business plan development. However, the data so generated may be subject to errors due to uncertainties. To reduce these risks and uncertainties, Newmont has developed a systematic process of identifying, analyzing and addressing resource risk which is now embedded into their business planning cycle. The process allows the company to narrow the gap between the estimated and actual tonnages, grades, metallurgical recoveries, costs and productivity. Moreover, the management with the help of financial information so generated plays a crucial role in bringing projects online, on time, on budget and meeting project e xpectations thereby providing a major competitive advantage for the company (Newmont, 2016) Newmont uses a mix of GAAP and Non-GAAP measures for identifying and reporting its financial data. The historical data forms the basis for various accounting based assumptions and estimates (Annual Report, 2015). Additionally, the organisation uses a Non-GAAP metric of All-in sustaining cost framework as suggested by The World Gold Council (WGC) to bring transparency into the costs associate with gold production. The presently used framework expands on the GAAP measures like cost of goods sold and non-GAAP measure like costs applicable to sales per ounce, to provide better understanding of the mining operations and costs, profitability and cashflows related to it (Annual Report, 2015). Thus, the new framework is helpful not only from accounting perspective by also for providing adequate and relevant information to stakeholders like investors, government, local communities, etc. in understanding the economics related to mining operations (Whelan, 2013). In addition to using budgeting and costing practices, the company also uses break-even analysis to identify the production scale at which its total expenditures are equal to its revenues obtained from the sale of its extracted metal. The production costs consists of fixed costs that are assumed to be constant per ton on metal extracted and variable costs that varies in direct proportion to the volume of metal extracted. Additionally, to determine the break-even point, the cost data taken from the accounts are subject to sorting and processing to clearly demarcate different types of costs into direct costs, fixed cost of production, fixed cost of administration, etc. Once the costs and revenues are clearly identified, the break-even point can be calculated using arithmetic or graphical method during the planning stage. Additionally, the breakeven can be calculated at the level of mining operation, the place of expenditure or cost centre-production sector, at product group level or for each product (Briciu, Capusneanu, Boca, and Topor, 2014). Earlier, the companies operating in the mining industry segment have had business to business mentality around communications but this attitude is shifting as the world is becoming more transparent and driven by digital age. The company recognizes the need to establish a two-way dialog with its stakeholder including shareholders, government, local community, etc. Thus, the company in addition to publishing its annual reports and quarterly information for financial results has also setup communication teams to serve as nerve centers to coordinate and integrate information along with disseminating information to its stakeholders through investor road shows, mine site tours, analyst days, annual meeting and websites and mailings. These teams also manage the companys business to customer relationships. Additionally, NMC also invites its stakeholders to a mining boot camp where people are engaged and made to work on site for week. This helps in disseminating information of not just financ ial relevance, but also informs them about the work ethics and culture followed at NMC (IFC, 2014). Along with this, the employees at different levels of the organisation are well equipped with the information that is required for their day-to-day activities through a proper chain of command followed by the organisation. Additionally, they have an access to a company specific internal communication platform for timely sharing of required information. Overall the management accounting system used in NMC is very effective in generating and disseminating the required information to its important stakeholders. It seeks to effectively collect data and produce reliable results that can be further used for decision making process. As NMC has recently adopted SAP ERP, it seems rather distant thought to bring about any changes in its systems. However, the company can improve its systems by continuously identifying the gaps in its processes, especially resource mapping, so as to eliminate waste in terms of time, material and efforts. This will help in improving the efficiency of its operations and effectiveness of its management accounting systems (Needles, Powers and Crosson, 2010). Chapter 4: A financial management analysis of the organisation Being a global company, NMC aims to create shareholder value by improving its underlying business and delivering profitable growth. One of the aspects of achieving this aim is strengthening its portfolio of assets. NMC engages in exploration and acquisition of gold and copper properties to replenish its depleting reserves. It also ventures with other well-established companies to diversify its area of work (Annual Report, 2015). NMC has a strong pipeline of projects that consists of recently acquired Cripple Creek Victor (or CCV) mine while Merian, Long Canyon Phase 1, and Tanami Expansion, are in their execution phase. There are additional projects, such as the Ahafo mill expansion, Subika Underground, and NW Exodus, which are in their feasibility stage and could be approved by later half of 2016 based on their feasibility results (Gilroy, 2015). To successfully and profitably undertake these acquisitions and diversification strategies, NMC needs to effectively manage its financial strategies. Financial management is an approach that links financial tools to strategic decision making to ensure profitable growth and sustenance of the company. The companys financial management strategies relate to its investment decisions and working capital management decisions. Additionally, its financial management is also aimed towards maintaining a balance between its cost and capital structure, accelerate debt repayment to reduce the cost of capital and pay higher dividends in line with its shareholders value creation policy (Gilroy, 2015). As a part of its financial management policy and owing to the latest revisions in its credit rating by Standard Poors Rating Services or Moodys Investors Service, NMC has successfully reduced its financial leverage by 35% by repaying $330 million of debt out of a target of $750 million for 2015. This has helped in increasing the amount of free cash flow and to maintain a comfortable liquidity profile (Gilroy, 2015). Capital budgeting forms a crucial part in taking investment related decisions for the company. The company uses financial tools like net present value (NPV), internal rate of return (IRR), payback period, cost-benefit analysis, real option, etc. to assess the value and identify the feasibility of its investment projects. The rationale behind using these methods is that NPV takes into account the time value of money, while IRR is helpful in ranking the projects based on the cashflows that will be generated throughout the life of the project and payback period is used owing to the fact that it is simple to understand and calculate (Maroyi and van de r Poll, 2012). Additionally, the Company has an independent third-party appraiser to assist in the valuation. In valuing acquired assets and assumed liabilities, fair values were based on market prices, expected future cash flows; current replacement cost for similar capacity for certain fixed assets; market rate assumptions for contractual obligations; and appropriate discount rates (Annual Report, 2015). As a part of exercise to strengthen its portfolio, the company timely examines investment opportunities for acquisitions. The success of any acquisition depends of factors like identifying suitable candidates, negotiating terms and conditions, obtaining an approval from regulatory authorities and shareholders, implementing the control, procedures and policies in the acquired firm, etc. in addition to financial profits and synergies expected from them (Annual Report, 2015). On the risk side, the management assesses the social and economic risk, political and geopolitical risk, and technical risk associated with the projects to determine their attractiveness (Gilroy, 2015). The company funds its projects through various resources available at its disposal including cash generated from its core activities, issue of shares, companys reserves and cash proceeds from divestments like Waihi, Midas, Jundee and Penmont (Gilroy, 2015). The management of the company aims to allocate its funding to the projects with highest returns, reducing its debt and shareholders dividend. This will provide the company with the advantages associated with using internal sources of fund like reduce cost and obligations (Atrill and McLaney, 2012). Additionally, the company was able to increase its operating cash flows by practicing all-in sustainable costs and other productivity improvement (Annual Report, 2015). NMC being a large company has many options available that are suitable for investment purposes. It selects projects that have positive NPV and return of capital employed. However, it faces problem where the company has insufficient funds available to undertake all those options that possess a positive NPV. Under such conditions, the company follows capital rationing wherein a budget ceiling or market constraint is imposed on the amount of funds that can be invested during a particular period of time (Drury, 2011). While accounting for capital rationing, the company has to take care of the costs not only for investing in the project but also that is being incurred during its normal course of operations and from its financing activities. The company has to ensure that it invests its profits in a fruitful manner. In such a case, the company evaluates and ranks its projects of the basis of its NPV, IRR and profitability index. It then selects the project in descending order of their prof itability till the capital budget exhausts. Finally, the results of each technique are compared with total NPV and the best project out of the available options is selected. The unfunded projects are considered later when funds are available (Warren, Reeve and Duchac, 2013). Thus, the financial management system of NMC is very efficient in meeting the goals of the company by managing its portfolio and assets. Its system employs the industry best practices for determining the feasibility of proposed investments and is effectively integrated with its cost and profit centers to ensure that the investment decisions do not interfere with the day-to-day operating needs of the company. Additionally, it also implements risk minimizing strategies that acts as a cushion for NMC from financial shock and surprises. Chapter 5: Conclusions and SWOT analysis Thus, it can be concluded that the company has in place a strong structure to manage its accounting and financial data. This helps the company in effective decision making taking into considerations the financial risks, costs and benefits. The company uses ERP software like SAP, AMT Focus, etc. to manage its data. Also, the company makes sure that the data so generated is disseminated to the relevant stakeholders for decision making. However, the company can still improve its system structure by identifying the gaps and working to reduce it for efficient and effective decision making. In addition to its accounting and financial management system, NMC has in place a strong corporate structure with best in industry corporate social responsibility practices. The company very well understands the social and environmental impact of its operations on its immediate surroundings and hence aims to achieve sustainability in all its endeavors. This is also reflected in its purpose, mission and vision. The company aims to minimize and mitigate environmental impacts by better water management, reducing energy consumption and managing the discharge of waste and effluents in the environment. Its corporate governance structure address six key areas that include health and safety, operations and resource development, asset value protection, business integrity, people and sustainability and stakeholder engagement (Newmont, 2016). Additionally, as a part of its corporate governance, environmental stewardship and community engagement initiative, NMC participates in organizations like International Council on Mining and Metals (ICMM) Sustainable Development Framework, United Nations Global Compact, Carbon Disclosure Project (CDP), International Cyanide Management Code (ICMC), Global Reporting Initiative (GRI), etc. to inform its sustainability programs and improve its performance (NMC, 2014). These practices on the part of the company exercise a strong influence on its stakeholders by positioning the company as ethically and socially responsible business unit. However, the scope of the companys CSR practices will keep of increasing with increase in its assets and resources. Thus the company will need to maintain a vigilant stance on the impact areas and keep improving for effective operation of its corporate governance structure. From the discussions, it can be concluded that Newmont Mining Corporation is one the worlds leading gold and copper producer. The scale of its production provides it with economies of scale advantages, while its reserves amounting to 73.7 million ounces of gold places it in a strong position to take advantage of rising demand. The following is the NMCs SWOT analysis: Strengths NMC has competitive advantage in terms of its high quality assets viz. resources, machinery, technology and employees. Its operations span over major continents including America, Australia/New Zealand, Africa, and Indonesia allowing it to expand its operations and develop its business. Additionally, its strong and well structured financial and accounting systems provide efficiency in its operations and taking well planned decisions at right time considering the risks. Also, its strong hold on its corporate governance and CSR practices positions it as sustainable and responsible company. Weaknesses NMCs weakness stems from its heavy dependence on contractors undertaking its operations and construction projects. This exposes the company to the third party risks that arise from its contractors actions and negligence. Additionally, the loss of control on operations may also land NMC in trouble. Along with this, different credit rating agencies have downgraded NMCs credit ratings that can adversely affect the availability of new financing and increase their future borrowing costs. Opportunities NMCs goal of strengthening its portfolio is backed by a strong strategic project pipeline. This will help the company to not only replenish its depleting metal reserves but will also help to maintain flexibility in the operations to increase its productivity and address the development risks associated with the projects. Over all these projects will help in increasing the production and enhance the companys market position on a global scale. Moreover, the companys expansion projects will help it to leverage the growing demand for gold and increase its revenues. Also, the reduced fuel price is beneficial in reducing the companys cost thereby increasing its cashflows. Threats NMCs mining and operations are regulated in all the countries of its operations under various federal, state and local laws. These laws related to protection of environment and local people. Any delay in obtaining permission from the government bodies poses an adverse impact on its operations. Additionally, stringent regulations negatively impact the companys profitability. Moreover, security risks impact companys operations while currency risks impact the companys cost of operations. References Accounting-Simplified (2016) Purpose of Financial Statements. [Online]. Available at: https://accounting-simplified.com/purpose-of-financial-statements.html (Accessed: 4 June 2016). AccountingTools (2016) Gearing Ratio. [Online]. Available at: https://www.accountingtools.com/gearing-ratio (Accessed: 1 June 2016). AFM (2016) Capital gearing ratio. [Online]. Available at: https://www.accountingformanagement.org/capital-gearing-ratio/ (Accessed: 1 June 2016). Annual Report (2015) Newmont Mining Corporation. [Online]. Available at: https://s1.q4cdn.com/259923520/files/doc_financials/annual/2015/newmont-2015-AR.pdf (Accessed: 2 June 2016). Atrill, P. and McLaney, E. (2012) Accounting and Finance for Non-Specialists. 8th edn. UK: Pearson. Bazley, M., Hancock, P. and Robinson, P. (2014) Contemporary Accounting. Australia: Cengage Learning Australia. Beheshti, H.M. and Beheshti, C.M. (2010) Improving productivity and firm performance with enterprise resource planning, Enterprise Information Systems, 4(4), pp.445-472. [Online]. Available at: https://www.tandfonline.com/doi/abs/10.1080/17517575.2010.511276 (Accessed: 2 June 2016). Briciu, S., Capusneanu, S., Boca, I.S.R. and Topor, D.I. (2014) Cost Analysis and Reporting the Performances of Companies in the Mining Industry. In Proceedings of the 6th International Conference on Applied Economics, Business and Development, pp. 51-56. [Online]. Available at: https://www.wseas.us/e-library/conferences/2014/Lisbon/AEBD/AEBD-07.pdf (Accessed: 2 June 2016). Chapman, C.S., Hopwood, A.G. and Shields, M.D. (2011) Handbook of Management Accounting Research. UK: Elsevier. Dignam, A. and Galanis, M. (2013) The Globalization of Corporate Governance. UK: Ashgate Publishing, Ltd. Drury, C. (2011) Management and Cost Accounting, 7th edn. USA: Cengage Learning. Ennew, C., Waite, N. and Waite, R. (2013) Financial Services Marketing: An International Guide to Principles and Practice. 2nd edn. UK: Routledge. Gilroy, A. (2015) How is Newmont Positioning in the face of volatile gold prices?, Market Realist. [Online]. Available at: https://marketrealist.com/2015/12/newmont-positioning-face-volatile-gold-prices/ (Accessed: 3 June 2016). Gilroy, A. (2015) How is Newmonts project pipeline looking?, Market Realist. [Online]. Available at: https://marketrealist.com/2015/01/newmonts-project-pipeline-looking/ (Accessed: 3 June 2016). Gilroy, A. (2015) Is Newmonts Financial Leverage Expected to Fall Further?, Market Realist. [Online]. Available at: https://marketrealist.com/2015/12/newmonts-financial-leverage-expected-continue-declining/ (Accessed: 3 June 2016). Gilroy, A. (2015) Is the Value over Volume Strategy Working Well for Newmont?, Market Realist. [Online]. Available at: https://marketrealist.com/2015/12/value-volume-strategy-working-well-newmont/ (Accessed: 3 June 2016). Google Finance (2016) Newmont Mining Corp. [Online]. Available at: https://www.google.com/finance?q=NYSE%3ANEMfstype=iiei=iWdOV-GMG4KsuATI1ry4BQ (Accessed: 1 June 2016). Henisz, W.J. (2014) Corporate Diplomacy: Building Reputations and Relationships with External Stakeholders. UK: Greenleaf Publishing. IFC (2014) Changing the Game: Communications and Sustainability in the mining industry. [Online]. Available at: https://commdev.org/userfiles/Changing%20the%20game%20-%20communications%20and%20sustainability%20in%20the%20mining%20industry.pdf (Accessed: 2 June 2016). iSolutions (2011) Newmont Mining approves global roll out of AMT and Asset Management Services, iSolution News. [Online]. Available at: https://isipl.com/2011/04/17/newmont-mining-approves-global-roll-out-of-amt-and-asset-management-services/ (Accessed: 2 June 2016). iSolutions (2013) ATM Focus: Maintenance Budgeting. [Online]. Available at: https://isipl.com/maintenance-budgeting-amt-focus/ (Accessed: 2 June 2016). Kotler, P and Maon, F. (2016) A Stakeholder Approach to Corporate Social Responsibility: Pressures, Conflicts, and Reconciliation. UK: Routledge. Maroyi, V. and van de r Poll, H.M. (2012) A survey of capital budgeting techniques used by listed mining companies in South Africa. African Journal of Business Management, 6(32), p.9279-9292. [Online]. Available at: https://uir.unisa.ac.za/bitstream/handle/10500/6406/Maroyi%20and%20van%20der%20Poll.pdf?sequence=1isAllowed=y (Accessed: 3 June 2016). Nasdaq (2016) NEM Company Financials. [Online]. Available at: https://www.nasdaq.com/symbol/nem/financials?query=ratios (Accessed: 1 June 2016). Needles, B., Powers, M. and Crosson, S. (2010) Financial and Managerial Accounting, 9th edn. USA: Cengage Learning. Newmont (2016) [online]. Available at: https://www.newmont.com/about-us/ (Accessed: 3 June, 2016). Newmont (2016) Accurately Estimating Gold Resources. [Online]. Available at: https://ourvoice.newmont.com/2016/05/26/accurately-estimating-gold-resources/ (Accessed: 2 June 2016). Newmont (2016) Annual Reports. [Online]. Available at: https://www.newmont.com/investor-relations/financial-reports/annual-reports/default.aspx (Accessed: 1 June 2016). Newmont (2016) Beyond the Mine Ethical Conduct. [Online]. Available at: https://sustainabilityreport.newmont.com/2015/ethics-and-governance/ethical-conduct (Accessed: 4 June 2016). NMC (2014) Beyond the Mine Sustainability Report. [Online]. Available at: https://sustainabilityreport.newmont.com/2014/_docs/newmont-beyond-the-mine-sustainability-report-2014.pdf (Accessed: 3 June 2016). Rodgers, R. and Lucas, P. (2011) Bookkeeping and Accounting Essentials. UK: Cengage Learning. Sagebien, J. and Lindsay, N. (2011) Governance Ecosystems: CSR in the Latin American Mining Sector. UK: Springer. Warren, C., Reeve, J. and Duchac, J. (2013) Financial Managerial Accounting, 12th edn. USA: Cengage Learning. Whelan, T. (2013) All-in sustaining costs and All-in costs, Ernst and Young. [Online]. Available at: https://www.ey.com/Publication/vwLUAssets/EY_-_All-in_sustaining_costs_and_all-in_costs/$FILE/ey.com_gl_cost%20per%20ounce.pdf (Accessed: 2 June 2016). Yahoo Finance (2016) Competitors. [Online]. Available at: https://finance.yahoo.com/q/co?s=NEM+Competitors (Accessed: 4 June 2016).

Global Financial Crisis on Rabobank Free-Samples for Students

Question: Write a report analysing a Global Financial Institution (bank). Answer: Impact of global financial crisis on Rabobank: Rabobank survived the financial turbulence of 2007 to 2010 without receiving any assistance from government. Due to credit crisis, bank did not fall out from escape of financial crisis. Regulatory environment and business of banking industry changed drastically due to triggering of economic recession caused by credit crisis. At the end of financial year 2013, due to involvement of Rabobank in Libor affair incurred reputational damage. Bank has achieved higher net profit than previous year and this was the tradition of before 2009. Such tradition was broken due to poor economic recession in Netherland rather than writing off resulting credit crisis (Anginer Demirgu, 2014). The loan portfolio has result in bad debt ratio cost due to economic downturn. Due to strong competition in this field, low margin on savings were faced by bank. In year 2010 after the climax of crisis, bank experienced bouncing back of profits to an all-time high. This high figure was mainly attributable to interest rate development, lower loss of credits and resulting higher revenues from global financial market activities. There was written down of operations of rabobank and some specific losses and the profits will remain subdued for years to come. After and before the global financial crisis, Rabobank was paralyzed by its own good performance and it was reported than bank is acting with arrogance. Bank has written down around six percent of its total equity due to global financial crisis. In the face of financial turmoil, credit rating and high capitalization rate of bank has proved to be powerful assets for surviving crisis. Bank was having capital buffers and solid liquidity and this reason was attributable to retaining good access to professional fundin g (Goldbach, 2015). There was negative impact on bank due to loss of confidence and an environment of low interest in the wake of global financial crisis. Recovery of Rabobank: The financial solidity of Rabobank was never questioned due to difficulties faced after the global financial crisis. In light of challenges faced by Rabobank due to global financial crisis, some fundamental measures were taken by bank for coping up with such challenges. Bank took actions to increase the reservation capacity and visualization of services and products. Bank recovered from this crisis, by securing solid financial profile and strengthening distinctive cooperative nature. Rabobank structured new corporate governance that was intended to maintain trust of external and internal stakeholders (Minoiu Reyes, 2013). Bank operated with lower cost to income ratio in after the global credit crisis. In the dead hand of Rabobank, the maximization of equity is done by calling for profit. Organization has embarked on new visualization program that has resulted in loss of jobs in many cases. The wholesale business of bank was refocused toward the activities that are customer oriented and they mostly concentrated on international activities. Organization has financed its expansion through issuing hybrid capital instruments and it did not compromise its solvency position by member certificates (Hale et al., 2016). A growth plan was formulated by moderating the growth of assets and reservation capacity. Reference: Anginer, D., Demirguc-Kunt, A. (2014). Has the global banking system become more fragile over time?.Journal of Financial Stability,13, 202-213. Goldbach, R. (2015). Global Financial Instability and the Evolution of Global Banking Regulation. InGlobal Governance and Regulatory Failure(pp. 20-44). Palgrave Macmillan UK. Hale, G., Kapan, M. T., Minoiu, M. C. (2016).Crisis transmission in the global banking network. International Monetary Fund. Minoiu, C., Reyes, J. A. (2013). A network analysis of global banking: 19782010.Journal of Financial Stability,9(2), 168-184.