How to Write Finance Term Paper Guidelines for Students

How to Write Finance Term Paper Guidelines for Students Effective written communication skills are of great importance to anyone at university and in a future career. That’s why academic writing is an essential part of the education process and typically, college and university students are assigned lots of different papers in practically all college subjects and finance is no exception. There are different types of written assignments you may need to complete as a part of your coursework in finance, for example, business essay, business reports, case studies, research papers etc. In this finance term paper writing guide, we will concentrate on writing a finance term paper but the principles we discuss here may be applied to other different types of communication. You will learn: what a finance term paper is; how to choose a winning topic; how to structure your finance term paper and organize the writing process; how to edit and proofread your term paper in finance. Besides, you’ll find here a short list of impressive term paper topics that can serve you as great ideas for your inspiration. Keep reading. What Is Finance Term Paper? A finance term paper is a research paper that students who study finance in college have to complete and submit at the end of the term. Term papers typically account for the major part of student grade in a certain course so you need to approach them seriously. Your assignment when writing your finance term paper may be to describe a concept, an event or argue a certain point. You have to discuss a specific finance topic or issue in detail and your term paper must be several pages in length. It goes without saying that this work must be absolutely original and demonstrate your good understanding of the topic and your analytical and critical thinking skills. The key to the success of your finance term paper is getting its structure right. Let’s outline the structure of a basic term paper. The basic structure of a typical finance term paper is the sequence of certain parts: The Title page includes information about the paper title, its author, and the educational institution; The abstract is a very brief summary of the entire paper; it is one paragraph of not more than 250 words in length (often it is even shorter); The introduction sets the scene or lays background or foundation to the term paper. You need to explain what your topic is and why it is worth studying; Methods section gives details on how the research was conducted; Results section describes the paper’s findings; Discussion section gives a summary of the results, their interpretation and explains why the findings are significant; References include a list of books or articles cited in the paper. Your instructor may offer you to complete your finance term paper in a different format so you need to read the assignment guidelines carefully and follow them in your writing. Now you have an idea of what a finance term paper is so let’s discuss another important question – how to select a winning topic. How to Choose a Great Finance Term Paper Topic Typically, the topics for term papers are assigned by instructors but sometimes, students are given the freedom to select a topic on their own. If you are a beginner in studying finance, it can be rather tricky. Here are some easy tips on how you can successfully do it. Pick a topic you are interested in. You are likely to enjoy writing your term paper and your audience will appreciate your enthusiasm and your passion when reading your work. The writing process is long but it is always easier to do something and overcome difficulties if you like what you are doing; You can look for finance term paper topics ideas online, in authoritative newspapers and journals, in databases of your university library etc.; Choose a topic your already know something about. It will be easier to perform research and evaluate your sources; The majority of topics are too broad to cover them in a limited format so you should always narrow your finance topic to a manageable size that will fit your word limit. For example, the topic ‘profitability of banks’ is too broad for a term paper format so you can narrow it to ‘influence of interest rates on the profitability of banks’. Lack ideas for writing your finance paper? Here is a short list of interesting finance term paper topics that can be useful for brainstorming your own ideas. You can also use any of these topic ideas for creating your own term papers in finance. Compare Capital Markets of China and The USA; Future of The Global Financial System; What Was the Effect of The Global Financial Crisis on the Financial System of the United States? Drivers of an Economic Growth in The European Union; How Can We Predict Speculative Asset Bubbles? Analysis of The Profitability Of The USA Banks; How Does Interest Rate Influence Share Price? Aspects of Financial Performance in The Baking Sector; How Does Capital Structure Affect Profitability? Risk Management in an Enterprise. Doing Research If the topic for your research paper was given to you by your instructor, you have to analyze the prompt for keywords that explain the issue or topic, for example, argue, evaluate, discuss, prove, analyze etc. Before you start doing the research, you need to know precisely what you have to do and what content is required. Then, you’ll be able to make an informed choice of your primary and secondary sources. First, you have to plan your research and consider what sources you can use to cover your topic. You have to consult the materials that are available in your university library. You can use books and articles in printed journals or in electronic format, statistics reports, and databases. Create a preliminary list of sources and start reading. To improve your productivity, you can use scanning and skimming techniques. You should also always keep your research question in mind that will help to concentrate only on relevant sources. Reading broadly can help you get a general understanding of your topic and formulate your perspective on the topic. After that, you can focus your reading on more detailed works. You can search for texts that provide details on the issue using library databases and catalog and reference lists in journal articles. When you finish your reading, you should have a strong position on the issue that will help you create a convincing argument and write coherently. Now you can make an outline and start writing the first draft. An outline will help you keep your writing organized so you won’t miss anything and effectively present all the information you have gathered during your research. Writing Your Term Paper When you have gathered the substantive information for your term paper, you should start writing, taking into account 4 critical elements of writing – organization, documentation, style, and revision. We have already explained that all the components of a finance term paper are divided into sections – introduction, literature review, methodology, findings, discussion, and conclusion. You need to use headings and sub-headings in sections to help your readers follow your presentation. As for the style, your writing should be clear and organized. You should present facts, analysis, and theories using simple declarative sentences. You’d better avoid complex constructions that are hard to follow. As for the documentation, you must attribute all quotations and paraphrasing to the original author. You need to precisely specify data sources to help your readers find them if they would like to read more on your topic. There different formats for documenting sources – APA, MLA, Chicago, Harvard etc. When writing your project, you should follow the format specified by your instructor. Typically, the author-date-page method is used to reference in the text because it is rather simple. Revision is the final key to the success of your finance term paper. You should always reread your first draft with a critical eye and make changes to improve it. Start writing your first draft to get ideas from your brain onto paper and pay attention to these critical elements while working on the term paper sections. Tips to Writing Finance Term Paper Sections: Pieces of Advice from Our Writers In the introduction, you have to state the main research problem and the thesis argument. You should identify the topic of your research and explain why it is important. You should also outline the key points that you are going to present. In the Methods section, you have to discuss the specific research methodology you have used and how you gathered data. In finance, researchers use a variety of qualitative and quantitative methods and you need to explain why you have chosen specific methods for performing your research. In the literature review, you need to provide the context of the existing knowledge in your field. You have to discuss what is known about the subject of your finance term paper. In the Results section, you have to report on data collection and present the main findings. In the Discussion section, interpret your results and discuss your findings by comparing them with the previous research. In the conclusion, you need to give an answer to the research question and offer perspective for future investigation. An abstract is written after you have completed the entire text of your finance term paper and is required when your paper is long and complex. Its length is between 100 to 300 words. You have to describe the essence of your paper and include information about the research question, methods, and key findings. Your instructor will read this part of your term paper first so you should do your best to impress him/her. How to Edit a Finance Term Paper No matter how much outlining and planning you do before you start writing, your first draft just presents raw material and you need to spend some time to make improvements in content, logic, flow, and style. Effective editing of your finance term paper could mean the difference between a good grade and an excellent one so you should devote enough time to editing your term paper. But before you start doing it, just puts your paper aside for some time so that you could edit it with fresh eyes. Editing your own paper is not easy because you have spent so much time doing research and writing your draft that you got used to your term paper and may experience the so-called writers’ blindness. But editing is a vital step in creating an impressive term paper that can get you a high grade. Here are some useful editing tips to help make your finance term paper perfect. Start the editing process by looking at your finance term paper structure. You may need to rearrange your paragraphs to make your structure more logical; Edit long sentences and paragraphs because they are more difficult to read; Improve your word choice and check overly complicated language. Try to use simple words and phrases and aim for clear and concise language; Fix the repetition of words in the same paragraph or sentence. You can rephrase them or use synonyms. Common words should be used only once in a paragraph; Don’t rely on the spellcheck because it can highlight some misspelling and typos but it can’t detect using the wrong words; Omit unnecessary words that just add to the word count to your term paper but they don’t provide any meaning; Take measures to ensure the consistent spelling of the words that have more than one correct spelling; Check the sentences and put commas where you would pause when speaking aloud; Get rid of ellipses and remove tautologies; Ensure consistent formatting that can make your paper look professional. When you edit your finance term paper and make improvements, read your paper aloud. This technique is often used by experienced writers who use it to find and fix some typical mistakes and typos. Use our easy finance term paper writing tips to achieve better grades and results.

15 Tactics To Improve Your Brands Pinterest Engagement - CoSchedule

15 Tactics To Improve Your Brands Pinterest Engagement Pinterest isnt just an awesome place to find new recipes or inspiration for a clever DIY project. Its also a great place for sharing content and marketing your brand. To connect with  your audience on Pinterest, you need to know the right tactics to drive the most engagement possible. In social media terms, engagement refers to the use of strategic, resourceful content to create meaningful interactions over time. If you search Google for  Pinterest Engagement you might find yourself looking at endless photos of engagement rings, but not here. Here you will learn  15 ways you can skyrocket your Pinterest engagement. If your brand isnt on Pinterest, it might be worth making an account. Pinterest was once known as that social media network that was all about housewives and pretty pictures, but now its comfortably taking on the big three (Facebook, Twitter, and Instagram) of social media. While 80% of users are female, men are starting to catch the Pinterest bug. In the past year, the number of male users has doubled, making them Pinterest’s fastest growing demographic. This means Pinterest has the ability to bring in a high engagement rate. But how? Lets get started and find out! Optimize Your Pinterest Posting Schedule For Maximum Engagement Optimize your Pinterest schedule (and all your other social media), with this free resource bundle. 1. Create Multiple Boards Related to Your Brand Creating multiple boards on Pinterest gives your brand more opportunity to catch your audience's attention. If you have one or two boards with 500+ random Pins, no one is going to take the time to look because your profile will look barren. On the other hand, if you have several well-organized boards that have distinct categories, your audience will be more likely to check them out. Social Media Examiner does a great job at keeping their boards organized by category: The names and descriptions of your Pinterest boards are important. Not only do they tell  users exactly what they can expect, they also assist users  in finding your content. Try to keep the names of your boards short and simple for easy readability. To create a Pinterest board, click the  Create Board  icon: Then decide the title of the board, add an optional description, and categorize what type of board you'd like: Click  create and wallah! Repeat these steps for each new Pinterest board you create. Create multiple boards on Pinterest for easy categorization.2. Repin Valuable Content From Other Accounts Just like with any social media platform, sharing others’  content is one of the best ways to show that you’re not all about you, and that you value a variety of perspectives beyond your own. The same goes for Pinterest. According to Social Marketing Writing, 80% of Pins on Pinterest are repins. To find content for repinning, follow these steps: 1. Use Pinterest's search bar to locate keywords relating to your brand. 2. After finding a Pin you want to repin, select Save: 3. Select which board of yours you want the repin to be placed on: See something great on #Pinterest? Repin it!3. Use Appealing Cover Photos for Pinterest Boards Just like Facebook, you can create cover photos for Pinterest. At , we have five distinct boards that have their own cover image to help our audience better find our content. Creating cover photos for your boards is an excellent way to establish branding. Including branding images  such as colors, logo, and style allows users to become more familiar with your visual message. Be sure to choose one or two short words that describes what type of content your board includes. To create a cover photo for your Pinterest boards, start by designing a graphic that fits with your company's branding  and is  217 X 147 pixels. Locate the board you want the image to be placed and click the  edit button: Under  Cover in the edit settings, click  Change. Select the graphic you just added to be your cover photo. Once you've selected the photo, click  Save Changes. Repeat these step for each of your Pinterest boards. Give your #Pinterest boards creative cover images.4. Use Long Images  To Stand Out On Boards Don't be a square, be a rectangle when it comes to Pinterest images. Pinterest is a visual playground for your audience, so it's important that your Pin stands out above the rest. Tall images are proven to be more eye-catching and easier to read than wide ones because it's much easier to scroll vertically than horizontally. Taller images- those containing more "content"- tend to get more repins than shorter images. Think infographic-style image like this Pin: Here's a few fun facts about Pinterest images from Design School: Images with multiple dominant colors have 3.25 times more repins than images with only a single dominant color. Images containing less than 30% background are repinned the most. Images with less than 10% background receive between 2-4 times more repins than images with more than 40% background. Red, orange and brown images get twice as many repins than blue images. Less than 1/5 of images on Pinterest are of faces. Similarly, a brand image is 23% more likely to be repinned if the image does not have a face in it. The next time you design an image for Pinterest, try making it the ideal size of 725 pixels wide x 1102 pixels high. Recommended Reading: How To Get More Followers On Pinterest With 21+ Tactics That Will Grow Your Following 5. Have Conversations and Say 'Thank You' Pinterest is a social media platform after all, so it's time to get social! Pinterest allows users to have conversations with each other through direct messages. To send a direct message, simply click the paper airplane icon and type in the name of the user you want to send the Pin to. To use direct messaging for Pinterest marketing, Positionly  offers the following advice: Reach out to fans who have liked a product offering them assistance in purchasing the item. Offer thanks to followers through a personalized message for re-pinning one of your pins. Send out personalized coupons or gift cards to star re-pinners and get them to transact on your site. Set up group conversations with like-minded followers. Help them connect with each other and your brand on topics of mutual interest. Another way to interact with your audience on Pinterest is by saying thank you. When someone retweets you on Twitter, you thank them for mentioning you. When someone shares your post on Facebook, you comment thanking the user for sharing. On Pinterest it is no different. If you see someone has repinned your Pin, then make the effort to go to their Board, and make a comment saying â€Å"thanks† for repinning.  This tactic is  overlooked on Pinterest, and by doing it, you could bring yourself some great engagement with other Pinners. To thank a user: Find the Pin you want to comment on. Click  comments  on the bottom left corner of the Pin. Type your 'thank you' message and click the red comment button. See someone repin your content on #Pinterest? Be sure to thank them.6. Add Group Boards  for More Exposure Creating your own Group Board gives you the upper hand in deciding many things, including who you want to add as collaborators. This also provides you with access to the group’s analytics. By creating a group board, you are allowing collaborators of your choice to add Pins and share ideas.  Your audience may already be liking, commenting and sharing your content with their followers on Pinterest, but inviting them to pin to your brand’s group board will get them more engaged and involved in your online conversation. To make your own Group Board: Click the first tab with the plus-sign symbol on it- this creates a new board. Add keywords to the group’s name for better visibility in the search results. Add a brief description about the group board and its goals. Also include the rules for users that seek membership in your group within your description. Add the usernames or email IDs of any users interested in contributing to your board. Recommended Reading: How To Increase Visibility With Social Media Optimization 7. Use Pinterest Analytics to Find What Your Audience Wants Want to know how your content is performing? Use Pinterest’s built-in analytics  to check what boards have the most impressions, clicks, and repins. In oder to build engagement with your followers, you need to have a basic understanding of what's working and what's not. This video from Pinterest will show you how to get started with Pinterest Analytics: Get the most out of your Pins by understanding analytic data. Maybe you'll find out that you're posting at the wrong times or not posting enough. Pinterest has it's own analytics system to ensure you're doing all the right things. Be sure to check out your reach in Pinterest Analytics, this metric matters most for engagement. It will be purple in color: You can locate your brand's Pinterest analytics in the top left corner of the Pinterest homepage. Recommended Reading: How To Use Social Media Analytics To Create The Best Content 8. Schedule Pins at the Best Possible Times If you want to max out your engagement scale, then you need to make sure your audience can see your content. After doing some research on the best times to post on Pinterest, these are the results: Saturdays are your best bet for reaching Pinterest users- and later at night. Saturdays at 8–11 p.m. Fridays at 3 p.m. General awesome times to Pin to  Pinterest: 8–11 p.m. with 9 p.m. peak 2–4 a.m. and 2–4 p.m. 1–3 p.m.Are you scheduling #Pinterest pins at the best times?You can use Pinterest analytics to analyze the days of the week when you typically get the best results. Recommended Reading: What 16 Studies Say About The Best Times To Post On Social Media 9. Use Rich Pins to Include More  Detailed Information First of all, what the heck is a Rich Pin? Rich Pins are Pins that include extra information right on the Pin itself. There are 6 types of Rich Pins: App Movie Recipe Article Product Place This pin from Whole Foods  (shared in another post by Social Media Examiner) is an example of a Recipe Rich Pin: And here is an example of a Movie Rich Pin: Rich Pins require more work than the other Pinterest strategies above because you’ll need to add meta tags to  your website and then apply to have Rich Pins  enabled,  but these Pins stand out and make the whole user experience better. If necessary, talk to a developer to help implement the right meta data. Use rich pins to make your #Pinterest content stand out.10. Create Pinterest Promoted Ads The quickest way to boost your Pinterest engagement rate is to create an ad. You can decide how long you want the ad to run for, how much you want to spend, and who you want to target. You are in complete control. To create a Pinterest ad: Pick a Pin. Promote your best Pins so they appear in the most relevant places. Decide who sees it. Set up targeting so the right people see your Promoted Pin. Pay for results. Choose to pay for engagement or visits to your site. Track what's working. Pinterest ads will show up with the words "Promoted Pin" in the bottom left corner. Be sure to use a stunning image to catch your reader's eye as they scroll through their Pinterest feed and keywords for maximum reach. Promote pins to reach more people and drive higher engagement.11. Include a Call-to-Action Adding a call-to-action is a quick way to get your readers to engage with your content. According to Quicksprout,  Ã¢â‚¬Å"there is an 80% increase in engagement for pins that contain a call to action.† Try adding relevant descriptions that ask for clicks, repins, or comments. Include a call-to-action either in the image or in the description. Some simple call-to-actions include: Share this post Pin it for later Click here for your free download Register today RSVP here Sign up here Don't be shy to create call-to-action images to your Pinterest profile. You can't argue with an 80% increase in engagement! Recommended Reading: How To Write A Call To Action In A Template With 6 Examples 12. Install the Pin It Button Want to drive engagement from your website or blogs to Pinterest? Then you need the Pin It button! This Pin It button is  a button that allows users to pin an image in a few clicks, making the process faster and easier.  The BEST part about the Pin It button is that once you install it, your work is done! Your website visitors and readers can Pin your content for you, and their followers will see the activity on Pinterest. 62% of brands have Pin It buttons, including us! All of our blogs include the Pinterest Pin It button: Learn how to install  your Pin It button here. Recommended Reading: The Ultimate Guide On How To Use Pinterest For Marketing 13. Write Killer Social Messages Let your readers know what you're sharing. Pin descriptions between 100 and 200 characters get repinned the most, according to Social Marketing Writing. You should write a brief social message to describe the image or the blog post the image will lead to. Pin descriptions between 100 and 200 characters get repinned the mostYour social message is a good indicator of what readers can expect when they click on your Pin. Try asking a question, sharing a quick tip, or providing a benefit. Here are some ways you can write better Pinterest descriptions: Create  a keyword-rich description. Share helpful details. Don't include hashtags. Keep it short -  only about 75-100 characters of your description will appear in grid view. Recommended Reading: This Is How To Write For Social Media To Create The Best Posts 14. Create  Tutorials and Guides to Show Your Audience How to Get Something Done Remember that part about creating long images for Pinterest? You can use this to your advantage by creating a visual step-by-step guide for your users. Tutorials and guides have 42% higher click through rates than other Pins. To create a step-by-step guide: Plan out each step. Write your image copy. Assemble images together that match your image copy. Include steps, copy, and images into one Pin. Show your users exactly how to do something on Pinterest by using images and text. You can even upload a video to Pinterest for a quick demonstration. ProBlogger  shared these tips to uploading a  video from your YouTube account: Make sure you have an active YouTube channel. Make sure your videos are branded (have a similar theme so users can easily recognize). Create a Pinterest board specifically for your YouTube channel. Grab your YouTube embedded link. Upload a new Pin. Select the appropriate board. Add a description. You can locate the embedded code by  Share  button on a YouTube video, then selecting the  Embed option. You can also Pin directly from YouTube by clicking on the Pinterest icon under the  Share option: Recommended Reading: 5 Teaching Theories That Will Improve Your Educational Content Marketing 15. Pin Often (And Pin Consistently) Want to increase your Pinterest engagement by 150%? Then you need to post Pins often, roughly 10 times a day. Decide what Pins you want scheduled and let do the work for you. We'll even use our Best Time Scheduling feature to make sure your Pins go out at the peak times. You'll never have to worry about Pins not posting or  your audience seeing 10 pins in a row with . Studies have shown that users who pin 15 to 30 times a day get the best results. These should be spread throughout the day. Schedule your Pins to go out approximately every hour. Recommended Reading: This Is The Social Media Posting Schedule That Will Boost Your Traffic By 192% What Are Some of Your Favorite Pinterest Engagement Tactics? Pinterest is a great social media platform for marketing use and a huge potential source for traffic. Take advantage of  these tactics the next time you log into Pinterest. Get ready to create some awesome Pins for your users and get that engagement rate up! P.S Have you heard!? has Pinterest integration. Save time and get organized today for FREE:  http://.com/signup

Choose one of the theorists of power discussed in Week 3, and discuss Essay

Choose one of the theorists of power discussed in Week 3, and discuss the extent to which their ideas are relevant to understand the distribution and exercise o - Essay Example Going further it is very clear from the review of the literature that these thinkers were influenced by the events that shaped their world and also by the contribution of the previous generation of philosophers. Thus it is important to remember that their views can be only understood in the context of these experiences. Since, there is a progressive development in their ideas as time progresses, there is no point of comparison. Yet if one is asked to choose which among them is more relevant to understanding the present system of governance or the various leadership models found in the modern world, then there must be no hesitation to choose the classical theorist Max Weber. The following reasons supports this view. Using these three questions as guidelines, it would be beneficial to have an overview of the different theories by the other philosophers to provide a point of comparison. By looking at their respective historical we see a linear development from Medieval period up to the more recent era. Max Weber continued writing even up to the 20th century and undoubtedly his ideas were shaped by the leapfrogging developments in politics and social sciences at the turn of the century. Contrast Webers background and experiences to Niccolo Machiavelli who lived in a period commonly known as the Dark Ages. This is a time before the Reformation, Renaissance and age of scientific progress. His magnum opus, a book entitled The Prince was written in 1515 AD, in the midst of a society where despots and authoritarian rulers are a norm (Wheeler, 2006, par.3, â€Å"The Prince†). Thomas Hobbes on the other hand was born a mere century after Machiavelli and his theory of power was based on the understanding of a world ruled by kings, queens and popes. His ideas supported the necessity of a monarchical government and even assert that order can be attained by following this type of rule. Hobbes was forced to support monarchy only

Project 3 plan Essay Example | Topics and Well Written Essays - 250 words

Project 3 plan - Essay Example Furthermore, information pertaining to the hazards brought about by highly hazardous chemicals in the process is also to be explored. This information includes permissible exposure limits, the reactivity and corrosiveness of the chemicals, toxicity, and data on thermal and chemical stability. Process flow diagrams and charts such as those revealed by ReVelle (2003) are also essential in conceptualizing process safety management. Process safety information in PSM should cover the information pertaining to its technology and equipment. This is to involve construction materials diagrams on how the implementation of piping and other instruments are to be laid, electrical classification and design basis alongside other vital information. In this project we will also cover the process hazard analysis procedures used in PSM as discussed in the DOE Handbook (2004). The process is to involve identification, evaluation, and control of the hazards involves in it. This project is important as it will also reveal some of the ways in which previous incidents which had the potential of causing catastrophic consequences can be prevented in workplaces. This is achievable through identification of engineering and administrative controls applicable to the hazards. In this context, it is necessary to identify and describe major training requirements, major safety systems and their functions, and major steps of operating procedures. Most of these involve employees as they are the ones likely to fall victims. Should this project be done, ways through which catastrophes can be minimized or prevented shall be revealed. Besides that, safety and health considerations against highly hazardous chemicals shall also be

Homeostatic Balances Essay Example for Free

Homeostatic Balances Essay

Nazi Prosecution :: essays research papers fc

What has been achieved by prosecuting Nazis alleged to have committed crimes against the Jews? "While fighting for victory the German soldier will observe the rules for chivalrous warfare. Cruelties and senseless destruction are below his standard" , or so the commandment printed in every German Soldiers paybook would have us believe. Yet during the Second World War thousands of Jews were victims of war crimes committed by Nazi's, whose actions subverted the code of conduct they claimed to uphold and contravened legislation outlined in the Geneva Convention. It is this legislature that has paved the way for the Jewish community and political leaders to attempt to redress the Nazi's violation, by prosecuting individuals allegedly responsible. Convicting Nazi criminals is an implicit declaration by post-World War II society that the Nazi regime's extermination of over five million Jews won't go unnoticed. Many of the alleged Nazi war criminals that were captured had attempted to evade prosecution shortly before the end of the war. Some opted for suicide, rather than risk capture while others used the Austrian and German Underground offers of fake passports and other means of forged identification to assume a new identity . A choice opted for by many, that virtually guaranteed them a new life with remote chance of detection was to travel to the Anglo-American countries after immigration quotas were raised. Over 4000 Nazi criminals sought refuge in Australia . Many lied about their history to gain entry into their new home and proceeded to blend in, unnoticed by our government. They were no longer Nazi criminals but new citizens with a hidden past. Lists of suspected criminals were compiled and alleged perpetrators systematically captured and put to trial. In 1943, under Soviet leadership the first war crime trials were conducted, however the first trial to involve the Allied powers was the Nuremburg International Military Tribunal in 1945 . The International Military Tribunal (IMT), set out to prosecute 22 defendants comprising largely of the administration arm of the Third Reich . The American's initially wished to indict whole Nazi organisations for their crimes. This focus was soon altered to determine the accountability of particular individuals. The accused were tried under at least two of the following four headings devised for indictment. The first count was the "formulation of a common plan or conspiracy"; two, "crimes against peace (planning and waging a war of aggression

Working Capital Managment

Management Of Working Capital Introduction Working Capital-Definition Working Capital is the cash needed to pay for the day to day operation of the business. Along with long term investments , business also needs funds for short-term purposes to finance current operations. Investment in short term assets like cash, inventories, debtors etc. , is called ‘Short-term Funds’ or ‘Working Capital’. Hence, the management of Working Capital is very important for the smooth running of business. Calcution of Working CapitalWorking Capital of a company is the difference between the Current Assets and the Current Liabilities of the company. Working capital=Current Assets-Current Liabilities Current Assets: Assets of the business held in the form of cash(e. g cash at the bank) or that can be quickly turned into cash. Current Assests Stocks Cash Debtors Investments Current Liabilities: Money owed by a business organization which is to be paid within next 12 months Current Liabilities Trade Creditors DividendsTaxation Short term loans Circulating capital – working capital is also known as circulating capital or current capital. ’ â€Å"The use of the term circulating capital instead of working capital indicates that its flow is circular in nature. † Structure of Working Capital The different elements or components of current assets and current liabilities constitute the structure of working capital which can be illustrated in the shape of a chart as follows: Working Capital Cycle makes it clear that the amount of cash is obtained mainly from issue of shares, borrowing and operations.Cash funds are used to purchase fixed assets, raw materials and used to pay to creditors. The raw materials are processed; wages and overhead expenses are paid which in result produce finished goods for sale. Working Capital circulation is like the blood circulation in the human body as once it stops the whole business becomes lifeless. Classification of Working Capital Working Capital can be classified in various ways. Conceptual classification – There are two concept of working capital viz. , quantitative and qualitative.The quantitative concept takes into account as the current assets while the qualitative concept takes into account the excess of current assets over current liabilities. Deficit of working capital exists where the amount of current liabilities exceeds the amount of current assets. The above can be summarized as follows: (i) Gross Working Capital = Total Current Assets (ii) Net Working Capital = Excess of Current Assets over Current Liabilities (iii) Working Capital Deficit = Excess of Current Liabilities over Current Assets. Classification on the basis of financial reports – The nformation of working capital can be collected from Balance Sheet or Profit and Loss Account; as such the working capital may be classified as follows: (i) Cash Working Capital– This is calculated from the informat ion contained in profit and loss account. This concept of working capital has assumed a great significance in recent years as it shows the adequacy of cash flow in business. It is based on ‘Operating Cycle Concept’s (ii) Balance Sheet Working Capital– The data for Balance Sheet Working Capital is collected from the balance sheet. On this basis the Working Capital can also be divided in three more types, viz. gross Working Capital, net Working Capital and Working Capital deficit. Classification on the Basis of Variability – Gross Working Capital can be divided in two categories viz. ,(i) permanent or fixed working capital, and (ii) Temporary, Seasonal or variable working capital. Such type of classification is very important for hedging decisions. (i) Temporary Working Capital – Temporary Working Capital is also called as fluctuating or seasonal working capital. This represents additional investment needed during prosperity An favorable seasons. It i ncreases with the growth of the business. Temporary working capital is the additional assets required to meet the variations in sales above the permanent level. † This can be calculated as follows: Temporary Working Capital = Total Current Assets – permanent Current Assets (ii) Permanent Working Capital – It is a part of total current assets which is not changed due to variation in sales. There is always a minimum level of cash, inventories, and accounts receivables which is always maintained in the business even if sales are reduced to a minimum. Amount of such investment is called as permanent working capital. Permanent Working Capital is the amount of working capital that persists over time regardless of fluctuations in sales. † This is also called as regular working capital. Importance of Working Capital Management For smooth running an enterprise, adequate amount of working capital is very essential. Efficiency in this area can help, to utilize fixed a ssets gainfully, to assure the firm’s long- term success and to achieve the overall goal of maximization of the shareholders, fund. Shortage or bad management of cash may result in loss of cash discount and loss of reputation due to non-payment of obligation on due dates.Insufficient inventories may be the main cause of production held up and it may compel the enterprises to purchase raw materials at unfavorable rates. Like-wise facility of credit sale is also very essential for sales promotions. It is rightly observed that â€Å"many a times business failure takes place due to lack of working capital. Adequate working capital provides a cushion for bad days, a concern can pass its period of depression without much difficulty. The significance of adequate working capital is â€Å"to avoid interruption in the production schedule and maintain sales, a concern equires funds to finance inventories and receivables. † The adequacy of cash and current assets together with th eir efficient handling virtually determines the survival or demise of a concern. An enterprise should maintain adequate working capital for its smooth functioning. Both, excessive working capital and inadequate working capital will impair the profitability and general health of a concern. The danger of excessive working capital are as follows: Heavy investment in fixed assets –A concern may invest heavily in its fixed assets which is not justified by actual sales.This may create situation of over capitalization. Reckless purchase of materials- Inventory is purchased recklessly which results in dormant slow moving and obsolete inventory. At the same time it may increase the cost due to mishandling, waste, theft, etc. Speculative tendencies – Speculative tendencies may increase and if profit is increased dividend distribution will also increase. This will hamper the image of a concern in future when speculative loss may start. Liberal credit – Due to liberal credi t, size of accounts receivables will also increase.Liberal credit facility can increase bad debts and wrong practices will start, regarding delay in payments. Carelessness – Excessive working capital will lead to carelessness about costs which will adversely affect the profitability. Paucity of working capitalist also bad and has the following dangers: 1. Implementation of operating plans becomes difficult and a concern may not achieve its profit target. 2. It is difficult to pay dividend due to lack of funds. 3. Bargaining capacity is reduced in credit purchases and cash discount could not be availed. 4.An enterprise looses its reputation when it becomes difficult even to meet day-to- day commitments. 5. Operating inefficiencies may creep in when a concern cannot meet it financial promises. 6. Stagnates growth as the funds are not available for new projects. 7. A concern will have to borrow funds at an exorbitant rate of interest in case of need. 8. Sometimes, a concern may be bound to sale its product at a very reduced rates to collect funds which may harm its image. Meaning of Working Capital Management The management of current assets, current liabilities and inter-relationship between them is termed as working capital management. Working capital management is concerned with problems that arise in attempting to manage the current assets, the current liabilities and the inter-relationship that exist between them. † In practice, â€Å"There is usually a distinction made between the investment decisions concerning current assets and the financing of working capital. † From the above, the following two aspects of working capital management emerges: (1) To determine the magnitude of current assets or â€Å"level of working capital† and (2) To determine the mode of financing or â€Å"hedging decisions. Significance of Working Capital Management Funds are needed in every business for carrying on day-to-day operations. Working capital f unds are regarded as the life blood of a business firm. A firm can exist and survive without making profit but cannot survive without working capital funds. If a firm is not earning profit it may be termed as ‘sick’, but, not having working capital may cause its bankruptcy working capital in order to survive. The alternatives are not pleasant. Bankruptcy is one alternative. Being acquired on unfavorable term as another.Thus, each firm must decide how to balance the amount of working capital it holds, against the risk of failure. † Working capital has acquired a great significance and sound position in the recent past for the twin objects of profitability and liquidity. In period of rising capital costs and scare funds, the working capital is one of the most important areas requiring management review. It is rightly observed that, â€Å"Constant management review is required to maintain appropriate levels in the various working capital accounts. †Mainly the success of a concern depends upon proper management of working capital so â€Å"working capital management has been looked upon as the driving seat of financial manager. † It consumes a great deal of time to increase profitability as well as to maintain proper liquidity at minimum risk. There are many aspects of working capital management which make it an important function of the finance manager. In fact we need to know when to look for working capital funds, how to use them and how measure, plan and control them. A study of working capital management is very important for internal and external experts.Sales expansion, dividend declaration, plants expansion, new product line, increase in salaries and wages ,rising price level, etc. , put added strain on working capital maintenance. Failure of any enterprise is undoubtedly due to poor management and absence of management skill. Importance of working capital management stems from two reasons, viz. , (i) A substantial portion o f total investment is invested in current assets, and (ii) level of current assets and current liabilities will change quickly with the variation in sales.Though fixed assets investment and long-term borrowing will also response to the changes in sales, but its response will be weak. Conclusion Although some companies began the process of improving their working capital management five or even 10 years ago, many others were driven to focus on the issues by funding disruptions and cash shortages brought by the global crisis. The effects of the many challenges faced by large companies during that period are evident today in both operational practices and strategic priorities.