there are two fundamentally different perspectives for analysis of financial systems. The institutional perspective takes the institutional structure of the financial system as given‚ and looks to define what can be done to make those institutions perform their particular financial functions more efficiently. In contrast to the institutional perspective‚ a functional approach to designing and managing financial system‚ as proposed by Professor Robert Merton (Harvard Business School) and Professor
Free Economics Investment Financial services
COMMON ACCOUNTING SYSTEM INTRODUCTION 1. Most of the State Cooperative Societies Acts have provisions regarding preparation and submission of financial statements such as Balance Sheet‚ Profit and Loss Account and Trading Account of PACS. However‚ the formats for financial statements of PACS have not been prescribed in many States. The existing formats have evolved over a period of time on the basis of instructions from the RCS‚ Director of Audit‚ etc.‚ There is no uniformity and transparency in
Premium Generally Accepted Accounting Principles Balance sheet Income statement
The purchasing management Purchasing management directs the flow of goods and services in a company and handles all data relating to contact with suppliers. Effective purchasing management requires knowledge of the supply chain‚ business and tax laws‚ invoice and inventory procedures‚ and transportation and logistics issues. Although a strong knowledge of the products and services to be purchased is essential‚ purchasing management professionals must also be able to plan‚ execute‚ and oversee purchasing
Premium Supply chain management Management Inventory
has to be decided. Retained profits- Amount of retained profits has to be finalized which will depend upon expansion and diversification plans of the enterprise. Objectives of Financial Management The financial management is generally concerned with procurement‚ allocation and control of financial resources of a concern. The objectives can be- To ensure regular and adequate supply of funds to the concern. To ensure adequate returns to the shareholders which will depend upon the earning capacity
Premium Finance Corporate finance Investment
What are the Objectives of Psychology? What is psychology? Psychology is a scientific study of human behavior patterns. It‚ therefore‚ dives deeper into the functions of the human mind and studies the stimuli of different kinds of human behavior. It is thus a discipline which dwells in the analysis and understanding of mental functions and the reasons and effects of a particular type of behavior. The people who practice psychology are called psychologists who are specialists in using appropriate
Free Psychology Scientific method
Skeletal System The human skeletal system performs a number of key functions in the human body. The key functions of the human skeletal system are: Support: Our bones provide the rigidity we need to function. Protection: The rigidity of our bones allows them to protect our internal organs from damage for example the rib cage and the skull. Movement: Without the strength of our bones we wouldn’t be able to move our muscles are anchored to our bones. Storage: Our bones are a storehouse for fat
Premium Bone Skeletal system Heart
A person is defined by the past events and people in his or her life. My personality has been shaped by the experiences I’ve had and the individuals involved with my life. Certain events in my life‚ such as my parents’ divorce‚ and the move that followed have helped me develop certain personality traits that I may not have acquired otherwise. When my parents divorced‚ I felt helpless and everything came falling down. My grades started to suffer substantially‚ I began to see a therapist‚ and it was
Premium Divorce Psychology Mother
consequences for specific activities. © 2013 3 The Strategic alignment • Purchasing strategy supports the Business Strategy • And higher strategies • And other Functional Strategies • Strategic alignment occurs when all the strategies in an organisation support each other and work coherently together to achieve the overall mission. © 2013 4 Translating Objectives to Goals • Be a low cost operator – Reduce purchasing costs • Reduce material costs by 15% next year – Reduce administrative
Premium Procurement Purchasing
The Louisiana Purchase took place in 1803‚ by President Thomas Jefferson. It was a huge land deal between France and The United States. In this purchase‚ the United States of America paid fifteen million dollars to get all the land west of the Mississippi River and east of the Rocky Mountains. This historic event doubled the size of the U.S. by one simple signature. The Louisiana Purchase was the best purchase ever made by the United States. The purchase of this land increased the economic resources
Premium United States Louisiana Purchase Mississippi River
March 16‚ 2012 What Defines Us as Americans??? Over the years there have been many events that have taken place. These events not only affected the people and the world of the present at that time‚ but also the future and even the way things are today. Knowing this we must ask ourselves what defines us as Americans? There are series of events that all together add up to define us as Americans such as‚ the Constitution‚ Westward Expansion‚ and the Civil War and Reconstruction. What do you think
Premium United States American Civil War