StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Research Paper example - Contemporary Social Concerns

Free
Undergraduate
Research Paper
Finance & Accounting
Pages 3 (753 words)
Download 0
Dr Kallman has identifies seven major techniques that managers should use in managing risks. The first step is to conduct a statistical analysis (Kallman and Maric, 2004). Statistical analysis gives managers the ability to forecast the standard deviations and mean values of the company’s financial ability…

Extract of sample

Managers usually accept the results that emanate from the statistical analysis of the organizations data. This is because the information gathered emanates from the real performance of the organization. The second method that Kallman (2003) advocates for is the analysis of a contract. In a business organization, it is a common practice to sign contracts. There are purchases agreements, insurance contracts, employment agreements, etc. Kallman and Maric (2003) observers that these contracts must be carefully reviewed by risk managers for purposes of ensuring that the organization does not expose itself to contractual risks that are unacceptable. Contractual risks include exculpatory waivers/ clauses, or harmless agreements which are not favorable to the organization. Kallman further denotes that the third step is to use surveys and checklists for purposes of building an organizational risks strategy (Kallman and Maric, 2003). An example of checklists includes the insurance checklists. Insurance checklists are provided for free, and the organization completes them for the insurance company (Johnstone and Bedard, 2003). They help in identifying potential risk areas. Risk management surveys on the other hand are very comprehensive. ...
Download paper
Not exactly what you need?

Related papers

Contemporary Management Practices within the Public Sector
A recent trend in the realms of business management shows that the public sector has shown a gradual shift in its operational perspective, with a greater focus on privatization, and an emphasis on cost saving and increasing efficiency. Comprehending the necessity of outsourcing large-scale work to the private sector for better economic growth and developments, many State governments have started…
112 pages (28112 words)
The concept of corporate social responsibility (CSR)
This study has one vital problem “Is there still relevance for CSR in the 21st Century?” In order to address this question, the researcher will be addressing three key sub-questions. These are: 1. What is the nature of CSR? 2. How does CSR shape or influence the importance of an organization? 3. What is the relationship between CSR and CFP? Corporate Social Responsibility (CSR) is an integral…
23 pages (5773 words)
Contemporary Management Accounting System
Hopwood (1976), in his book ‘Accounting and Human Behaviour” had stated that, “Accountants and other members of the management team searching for means of understanding and improving standard setting and budgeting; must therefore see the process in its entirety and respond to it as a complex human and technical problem rather than one standing in technical isolation.” This implies that…
11 pages (2761 words)
Finance and Accounting Essay: Corporate Social Responsibility
Nonetheless, it is in the last three decades that numerous discourses on CSR happened (Campbell 2007). There is an assumption that the notion of CSR has contributed to the changed nature of modern organizations (Tencati & Zolsnai, 2009). Since, CSR becomes the theoretical basis for organisations to accept the truism that their responsibility is not only to secure and increase profit for the firm…
20 pages (5020 words)
Contemporary Issues in Finance
This paper is a brief article about the financial crisis which was being identified by the end of 2007 till the beginning of 2008. It was due to the ill-effects of the crisis that regulatory reforms were taken by US, UK and EU regions. This paper will thereby focus on the regulatory reforms adopted by these nations in the milieu of the 2008 financial crisis. Regulatory Framework of US Financial…
8 pages (2008 words)
Contemporary
This is because a formal disclosure framework helps to guide regulators, and preparers towards better and more material disclosure. However, while material disclosure is supposed to be free and within a given time frame, there are numerous cases where preparers have failed to disclose significant materials to users or vice-versa. This fact has been associated with the idea that many organizations…
5 pages (1255 words)
How Corporate Social Responsibility and Corporate Reputations Affect Profitability?
POSE 32 3.4.RESEARCH APPROACH 32 3.5.RESEARCH STRATEGY 33 3.6.RESEARCH METHOD 34 3.7.DATA COLLECTION 35 3.7.1.Secondary data collection: 36 3.7.2.Questionnaire For Primary Data 36 3.8.POPULATION AND SAMPLING TECHNIQUE 37 3.9.ETHICAL ISSUES 38 3.10.LIMITATIONS 38 3.11.RELIABILITY AND VALIDITY OF RESEARCH 38 3.12.SUMMARY 39 Chapter 4: Data Analysis 40 4.1.INTRODUCTION: 40 4.2.DATA ANALYSIS: 40…
50 pages (12550 words)