Comparing Community in Elizabeth Bowen’s The Demon Lover and Edward Fields A Journey :: Comparison Compare Contrast Essays

The Importance of Community in Elizabeth Bowen’s The Demon Lover and Edward Fields' A Journey It is important to relate and be a part of ones community. When we are able to identify with the people around us we are able to find out who we really are and the difference we make in others lives, as well as, the difference our community makes in our lives. In Edward Fields' poem, A Journey, he relates to his community as he is leaving. It is obvious to the reader that the author feels strongly about his community from the emotions that he displays throughout the poem, the details of the town that he notices on his way to the train station and the way he feels once he gets to his final destination. In the poem A Journey, Edward Field shows great emotion toward his community as he is leaving. The person in the poem is trying not to cry as he walks to the train station and tells us "men didn't walk around crying in that town" (Field qtd. in Schwiebert 41). The man then has to repeat the alphabet over and over at the train station to keep from crying (Field qtd. in Schwiebert 41). I believe that the character in the poem relates to his community the most when he finally begins to cry on the train and feels the reality of leaving. This shows that he has taken in the complete picture of what he is leaving behind and how much it means to him. As the man in the poem continues his journey, he takes time to notice things in detail. This I believe is a way of cherishing what you might not see again. This also shows us that he cares about the community to notice the little things one last time. For example Edward Field describes the "magnolia trees with dying flowers" and the "bright spring day" (qtd. in Schwiebert 41). The man even picked up the local newspaper before he left, this shows that he cares what is going on in the town and feels enough apart of the community to find out what is in the newspaper that day. The author shows us that our communities contribute to who we are as adults through the actions of his character at the end of his journey. It seems that the man in the poem didn't really consider himself a man before he got off the train.

How can we overcome the limitations of financial statements?

Financial statements are an important source of information to multiple groups of people. These people may belong within the organization or they may be outsiders. The internal users of financial statement include managers, financial analysts, CFOs and accountants. Whereas external users may include government agencies, such as tax agencies and the securities and exchange commission, financial consultants, investors, creditors, etc. Now there are certain limitations that financial statements have, and this may cause problems in making intra and inter-company comparisons. In order to minimize or overcome the short-comings of financial statements investors, accountants, CFOs have all developed different analytical tools and techniques. For internal users, especially managers, performance measures have played a significant role in minimizing the effects of these limitations. Analysts now use tools that aid in valuing company’s performance beyond financial results, bringing factors like leadership, patents, specialized workforce, brands and human resources into the picture. Technology has removed a lot of barriers, especially with respect to finance, as companies today are also implementing financial data warehouses the use of which makes it a lot easier for organizations and individuals to make decisions that are logical and in most cases correct. Moreover, some companies are also voluntarily disclosing information about their strategy, key success factors and their management objectives in supplements to their financial statements. This gives the investors, creditors, and other external users of financial statements more of an idea of what the firm is about and where it may be standing in a couple of years from now. REFERENCE Helfert, Erich A. (2001). Financial Analysis Tools and Techniques: A Guide For Managers. McGraw-Hill. Â  

Analysis of the Greek Banking Markets - Free Essay Example

Sample details Pages: 4 Words: 1152 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? The word bank is derived from the Greek word banque or the Itlian word banco both meaning a bench at which moneylenders and moneychangers used to display their coins and transact their business in the market places. A bank is a profit seeking firm dealing in money and credit. It accepts deposits and keeps it under safe custody. Don’t waste time! Our writers will create an original "Analysis of the Greek Banking Markets" essay for you Create order Commercial banks are institutions that primarily accept deposits and extend credit to serve consumer and corporate needs for capital. It creates credit by making advances out of funds received and thus mobilizes the savings in the economy. Under the Banking Regulation Act 1949, banking includes accepting deposits from the public, for the purpose of lending or investment; and repayable on demand or otherwise withdrawable by cheque, draft, order or otherwise. Banks are a kind of depository institution. They play a crucial role in channelizing the savings into the economy and thereby provide scope for the economic growth of the country. Commercial banks and savings banks hold a large share of nations money stock in the form of various types of deposits and provide for their transfer to effect the payments. They lend these funds to consumers and businesses for a full range of purposes. Types of financial assets: Deposits Stocks Debt DEPOSITS: deposits can be made either with banking or non-banking firms. In return, the lender receives a certificate in case of fixed deposits and a checking account in case of savings/ current deposit. Interest is earned on such these savings deposits. STOCKS: Financial assets in the form of stocks represent ownership of the issuing company. This right gives the holder of stocks a share in the firms profits. DEBT: Financial assets in the form of debt create a financial obligation on the borrower to repay back the amount borrowed. The debt instrument is a contract entered into by the borrower of funds with the lender of funds, to repay the amount borrowed after a predetermined period and at a certain rate of interest. If an asset serves as a collateral to the borrowing, then the holder of the debt instrument will have a priority claim on the asset. CORPORATE BANKING: Corporate banks or wholesale banks normally supply capital for business ventures and construction activities on a long term basis. the products provided by these banks to their corporate customers can be broadly classified as: Fund based credit/ commercial credit: requiring immediate outlay of cash such as term loan, working capital loan, export packing credit etc. Non-fund based credit/ fee-based services: only in the absence of fund based credit does non-fund based gets converted into non-fund based. Thus, not requiring any immediate outlay of cash. CREDIT POLICY OF BANKS: The credit policy of a bank guides the lending activities of the bank. It lays down the rules and regulations that guide the sanctioning of loans. The policy is laid down by the top management and deals with the following: Exposure levels Credit risk assessment Credit appraisal standards Documentation standards Delegation of powers Pricing Review and renewal of standards Takeover of advances Besides the above, the policy deals with credit facilities to companies whose directors are in the defaulters list of RBI. The policy also lays down the norms of major and minor deviations and the authority for sanctioning/approving them. The policy also discusses different kinds of advances such as personal loans, export credit, advances to priority sector and maturity period of the banks advances. LENDING ACTIVITY OF THE BANKS Credit is the mainstay for any financial institution particularly banks. Almost 60% of the assets side of the banks balance sheet is credit. Credit management has two facets: Credit appraisal Credit monitoring Credit management is an embodiment of the banks approach to sanctioning, managing and monitoring credit risk with the aim of making the systems and controls effective. Banks are required to monitor the loans and also ensure that the loans do not turn bad. This is done by following the principles of credit management. Basic requirements for lending: Borrowers Constitution: The requirements of the borrower will sometimes be typical depending on the constitution of the borrowers account. The types of customers who happen to be borrowers could be individuals, partnership firms, companies, governments etc. Documentation: As part of the initial exercise during post sanction phase, the bank hass to obtain the details regarding the customer so as to bind him/them legally and enforce the charge. This is possible only if the bank keeps in force the documentation for the loan granted to the customer. Without keeping the proper documents in force, banks would not be in a position to defend their claims against customers in courts of law. But with the proper documentation in force, there will not be any problem in enforcing a claim by the bank against the customer in case of any default in repayment of loan or in the wake of any other legal issues. Credit Monitoring: The post disbursal period is very important for the banker since t he health of the asset is determined during this phase. Banks are required to keep a constant watch on the unit through the loan account after sanctioning the loan in order to ensure that amount sanctioned to the unit is safe, generates income and does not turn out to be sick. This process is termed as Credit Monitoring. The Legal Remedy: In the event of breach of terms, the banker will have the same remedy which is available to any other contracting person as the terms of sanction are enumerated when the banker grants financial facility to its customer under a valid contract. Such a remedy is none other than the enforcement through a competent court of jurisdiction. Credit Information: Specialized institutions known as Credit Information Bureau(CIB) (also known as credit referencing agencies) have been set up to function as a repository of credit information- both current and historical data on existing and potential borrowers. CREDIT APPRAISAL: Credit appraisal refers to the appraisal of the creditworthiness of a prospective borrower in terms of technical, economic, managerial and financial feasibility. Credit appraisal is mainly undertaken by banks in order to ascertain the repaying capacity of the borrower with respect to the installment of loan amount as well as the interest required to be paid on it. The main purpose of carrying out credit appraisal by banks is to keep their risk exposure in check. While lending loan to a prospective borrower there is a possibility that he might default in repaying back the required amount to the bank. Thus, credit appraisal assures the bank that the borrower has the capacity to repay back the money in time. Also, on the basis of the credit appraisal carried out by the banker the bank can change the limits to be sanctioned accordingly i.e. a borrower not having a very good track record might not be sanctioned the desired limits and rather lower limits.