Introduction In the history of banking, there are too many instances of bank suffered in loss and failure, especially at the time of recession. Bank failures have a significant impact on the financial system and country’s whole economy. But, what causes those banks failure during recession time? The answer should be the failure of risk control by banks. Banks are highly geared financial risk-takers.
(http://www.le.ac.uk/economics/research) Organizations of all types are giving increased attention to a common problem of business-employee turnover. Traditionally an accepted consequence of employing people, turnover is a growing concern to managers and researchers alike because of its escalating costs and detrimental impact on productivity. (Lucas G. H et. al.,
(Joseph, 2013). That is the impact of changing consumer habits in the society, especially in the transitional period of our country's economy. if businesses do not have the time to grasp the degree of change which will have difficulties in their business activities, may even lead to bankruptcy, it will directly, or indirectly causing difficulties for bank in operation for on.These really matter requires each bank to have marketing activities effectively and qua.trong phase harsh competition in the economy. c) Influence of technological factors. Technological factors currently very important factor determining the competitiveness on the market for each bank.
Over the last years, organizations have observed vast changes in society and especially in the workplace. Scientist believes that the problem of workplace stress has developed in many countries, and research has helped in establishing the connection between stress and ill health and job stressors and strain outcomes. Occupational stress has been formed and adapted by effective and dominant cultural, political, social and economic forces in which jobs happen and in which individual react to their work experiences. (Kenny&Cooprer, 2003) Stress is psychological and physical reaction to specific life events or circumstances. The development of stress starts with life experience and situation that may cause stress.
Understanding Financial Crisis: Causes, Effect and Prevent measure To most ordinary people, Financial Crisis is a both familiar and unfamiliar topic. There is a range of definition of the Financial Crisis, but in general it is refers to the crisis of financial assets or financial markets or financial institutions. In fact, Financial Crisis is closely related to people’s life, 2007-2008 Global Financial Crisis attracted ordinary people to focus on the financial sector. This essay will argue the financial crisis of 2008 came from the US subprime crisis, which has brought enormous impact on the world economy, and in different societies, the countries have different prevent measures to cope with the crisis. For the aspect of cause, the US subprime
Stress is an unavoidable fact of organisational life today (Greenberg, 2011). In fact, workplace stress is one of the central causes of stress in people’s lives (Greenberg, 2011). Stressors, which are perceived as threatening demands from the environment, cause stress. Call centre environments elicit many stressors which have several adverse impacts on employees (Holman, 2002). To begin with, the leading stressors mentioned in the case-study were long working hours, work timing, insufficient time off, travel time and repetitive work.
Main concerns surrounding the application of fair value accounting to banks and other financial institutions are identifies in this section. Does fair value accounting create difficulties in risk and capital management? In managing risk and capital, the introduction of “fair value accounting” in US GAAP & in IAS 39 was creating difficulties observed by many bankers before the present crisis. Resultant to the shift to fair value accounting, a four way treatment of financial assets was resolute on the following difficulties. Which are held to maturity, loans and receivables, available for sale & trading assets.
INTRODUCTION Background of the study The area of accounting ethics has gained significant interest within the past few years in tandem with the occurrences of various global accounting scandals. Accounting scandals such as the Lehman Brothers and Enron in a series of financial irregularities in the world. After the collapse of Enron, Arthur Andersen, and other similar inferences, the pressure for ethical or moral transparency has increased. Business ethics dilemmas are a result of the need to balance economic and social performance (Easterling, 2009). Determining and maintaining the ‘right’ balance are becoming more difficult as today’s business organizations operate in an environment that is characterized by an unprecedented level of complexity,
Abstract Internal controls provide efficient and effective operations, it’s a way to prevent frauds and abuses, reduce costs of doing business, and they ensure reliability of financial reporting and reduction of operational losses. This paper provides an overview of control system and importance of its absence in banks. It defines the control environment in banks and main features of assessing the effectiveness of internal control system. Introduction The banking industry all over the world has faced considerable bank failures and crises throughout the years. Bank failures happen to Central banks and governments because of its systematic nature and regularly intensify retreats and act as catalyst for financial crises (Basel, 2004).
1. INTRODUCTION Banking sector in Ghana is facing a very fast fluctuating market. This is as a result of emerging new banks from other countries and some financial crises which are facing the country now as a result of poor management by the government. Additionally the effect of financial crises and economic problems amid the financial institutions has created a great challenge for the overall sector in the banking industry. As a result of this situation targeting at customer satisfaction has become a source of worry for majority of the banks.