Contemporary Social Concerns

Contemporary Social Concerns Research Paper example
Undergraduate
Research Paper
Finance & Accounting
Pages 3 (753 words)
Download 0
Name: Professor: Course Code: Date of Submission: 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…

Introduction

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
ement process 85 6.3 Impact of KPIs on performance measurement 86 6.4 Use of SAP ERP/SRM and information system to improve efficiency of GPP 87 6.5 Summary 87 Chapter 7 88 Conclusion 88 7.1Contributions of the Thesis 92 7.2 Implications of the Thesis 92 7.3 Limitations 93 Bibliography 94 Appendix I Transcribed data from interviews to BPI 105 Appendix II Transcribed data from interviews to SCOR 106…
The concept of corporate social responsibility (CSR)
Nonetheless, despite the debates and discourses about CSR, corporate social responsibility still requires further clarification (Dahlsrud, 2008). In addition, the current global economic downturn, which begun in 2007, has started the seeds of doubt regarding the relevance of CSR in the current global economic market (Lin-hi, 2009; Ludescher and Mahsud, 2010; Reis, Betton and Petana, 2005). This…
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…
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…
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…
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…
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…