Short Story - 907 Words

She glanced around at the crowd of people, on their faces she could see fear. She couldn’t really blame them, she was also fearful. She knew that at any given second that they could be attacked and killed. She uttered out a sigh as she bit down on her lip.The moment she felt his hand take hold of hers all her fear seemed to melt away. He was the only one that could manage to do that, she wasn’t sure what she would do without him and it frightened her. Giving his hand a gentle squeeze she slowly turned her head to look at him, her dark hues stared into his. Spreading across her face was a smile when she heard him. â€Å"Are you worried about me?† She whispered in a soft voice, she was going to tease him, but the look upon his face told her she†¦show more content†¦Her index finger tapped against it. She made a face when she heard his comment it was enough to make her stomach turn. She was starting to see why Eric didn’t like him. Though she wasnâ⠂¬â„¢t going to let him know what he had just said bothered her. Taking in a deep breath she forced a smile, â€Å"Alright, I’ll go round up as many of them as I can.† She stated with a slight nod of the head. Turning she began to walk opposite of Cain, heading off towards the house associated with the first name on the list. As she walked she passed a yard where a few children played, the sound of their laughter brought a smile to her face. before coming to a stop. They were the reason she was willing to fight for this place. She nodded her head and picked up her pace, within a matter of seconds she stood directly in front of a house. Flipping open the book, she shifted her gaze off the house and down at the book, running her finger straight across to see the health and age of the person. With a nod of the head, she closed the book and turned to look back at the house. â€Å"Here goes nothing.† She mumbled to herself as she walked up the steps to the front door. Extending her arm out towards the door, she allowed her knuckles to collide with the door, knocking not once but twice. As she stood there waiting she tapped the book against her thigh, rocking back and forth. When she heard the creaking of wood growing lowered, she knewShow MoreRelatedshort story1018 Words   |  5 Pagesï » ¿Short Stor ies:  Ã‚  Characteristics †¢Short  - Can usually be read in one sitting. †¢Concise:  Ã‚  Information offered in the story is relevant to the tale being told.  Ã‚  This is unlike a novel, where the story can diverge from the main plot †¢Usually tries to leave behind a  single impression  or effect.  Ã‚  Usually, though not always built around one character, place, idea, or act. †¢Because they are concise, writers depend on the reader bringing  personal experiences  and  prior knowledge  to the story. Four MajorRead MoreThe Short Stories Ideas For Writing A Short Story Essay1097 Words   |  5 Pageswriting a short story. Many a time, writers run out of these short story ideas upon exhausting their sources of short story ideas. If you are one of these writers, who have run out of short story ideas, and the deadline you have for coming up with a short story is running out, the short story writing prompts below will surely help you. Additionally, if you are being tormented by the blank Microsoft Word document staring at you because you are not able to come up with the best short story idea, youRead MoreShort Story1804 Words   |  8 PagesShort story: Definition and History. A  short story  like any other term does not have only one definition, it has many definitions, but all of them are similar in a general idea. According to The World Book Encyclopedia (1994, Vol. 12, L-354), â€Å"the short story is a short work of fiction that usually centers around a single incident. Because of its shorter length, the characters and situations are fewer and less complicated than those of a novel.† In the Cambridge Advanced Learner’s DictionaryRead MoreShort Stories648 Words   |  3 Pageswhat the title to the short story is. The short story theme I am going conduct on is â€Å"The Secret Life of Walter Mitty’ by James Thurber (1973). In this short story the literary elements being used is plot and symbols and the theme being full of distractions and disruption. The narrator is giving a third person point of view in sharing the thoughts of the characters. Walter Mitty the daydreamer is very humorous in the different plots of his dr ifting off. In the start of the story the plot, symbols,Read MoreShort Stories1125 Words   |  5 PagesThe themes of short stories are often relevant to real life? To what extent do you agree with this view? In the short stories â€Å"Miss Brill† and â€Å"Frau Brechenmacher attends a wedding† written by Katherine Mansfield, the themes which are relevant to real life in Miss Brill are isolation and appearance versus reality. Likewise Frau Brechenmacher suffers through isolation throughout the story and also male dominance is one of the major themes that are highlighted in the story. These themes areRead MoreShort Story and People1473 Words   |  6 Pagesï » ¿Title: Story Of An Hour Author: Kate Chopin I. On The Elements / Literary Concepts The short story Story Of An Hour is all about the series of emotions that the protagonist, Mrs. Mallard showed to the readers. With the kind of plot of this short story, it actually refers to the moments that Mrs. Mallard knew that all this time, her husband was alive. For the symbol, I like the title of this short story because it actually symbolizes the time where Mrs. Mallard died with joy. And with thatRead MoreShort Story Essay1294 Words   |  6 PagesA short story concentrates on creating a single dynamic effect and is limited in character and situation. It is a language of maximum yet economical effect. Every word must do a job, sometimes several jobs. Short stories are filled with numerous language and sound devices. These language and sound devices create a stronger image of the scenario or the characters within the text, which contribute to the overall pre-designed effect.As it is shown in the metaphor lipstick bleeding gently in CinnamonRead MoreRacism in the Short Stor ies1837 Words   |  7 PagesOften we read stories that tell stories of mixing the grouping may not always be what is legal or what people consider moral at the time. The things that you can learn from someone who is not like you is amazing if people took the time to consider this before judging someone the world as we know it would be a completely different place. The notion to overlook someone because they are not the same race, gender, creed, religion seems to be the way of the world for a long time. Racism is so prevalentRead MoreThe Idol Short Story1728 Words   |  7 PagesThe short stories â€Å"The Idol† by Adolfo Bioy Casares and â€Å"Axolotl† by Julio Cortà ¡zar address the notion of obsession, and the resulting harm that can come from it. Like all addictions, obsession makes one feel overwhelmed, as a single thought comes to continuously intruding our mind, causing the individual to not be able to ignore these thoughts. In â€Å"Axolotl†, the narr ator is drawn upon the axolotls at the Jardin des Plantes aquarium and his fascination towards the axolotls becomes an obsession. InRead MoreGothic Short Story1447 Words   |  6 Pages The End. In the short story, â€Å"Emma Barrett,† the reader follows a search party group searching for a missing girl named Emma deep in a forest in Oregon. The story follows through first person narration by a group member named Holden. This story would be considered a gothic short story because of its use of setting, theme, symbolism, and literary devices used to portray the horror of a missing six-year-old girl. Plot is the literal chronological development of the story, the sequence of events

Problems of the Food System Essay - 2113 Words

We live in an age in which we have come to expect everything to be instantaneously at our fingertips. We live in an age of instant coffee, instant tea, and even instant mashed potatoes. We can walk down the street at 5 in the morning and get a gallon of milk or even a weeks worth of groceries at our discretion. Even though it is great that food is now readily available at all times, this convenience comes at a price, for both the producer and the consumer. Farmers are cheated out of money and are slaves to big business, workers and animals are mistreated. And, because food now comes at a low cost, it has become cheaper quality and therefore potentially dangerous to the consumer’s health. These problems surrounding the ethics and the†¦show more content†¦Additionally, big business controls the farmers by capitalizing on widely used commodities. For example, the company Monsanto which is based in St. Louis, Missouri protects its dominance over the genetically modified crops such as the soy bean with the use of a patent law. Because of this, Monsanto’s patented genes â€Å"account for 95 percent of all soy beans and 80 percent of all corn grown in the U.S.,† (Associated Press). Although genetically modifying the soy bean crop has made it more readily available and more sustainable, this comes at a high price to farmers. Monsanto continues to raise their prices, which forces farmers to accrue even more debt, and there is no sign of the rise in the seed prices stopping. Since a lot of the farmers are under contract with Monsanto, there is nothing they can do about this unethical policy in fear of losing their job. If you think being a farmer is bad, try working in a slaughter house. â€Å"Knocker, Sticker, Shackler, Rumper, First Legger, Knuckle Dropper,† these are just a few of the positions the workers at a slaughterhouse get assigned to. Simply reading the names of the above job positions induces a sense of nausea and hints a t the inherent brutality that these positions demand (Schlosser, 172). Because the weight and size of cows are unpredictable, most of the labor in the slaughterhouse must be done by hand. On the kill floor of a slaughterhouse,Show MoreRelatedQuality Control : Quality Of A Product And Service1268 Words   |  6 Pagesfor employees to become involved in the quality process; effective leaders successfully communicate this to employees. Restaurant should be focusing on quality goal. And with employees in restaurant, helps to they create good ideas that every solve problems. Restaurant should give staff with the training, use technique because present, most restaurants have loaded the technique equipment, and sources to ensure they have the required skills and abilities to take responsibility for their roles and moveRead MoreWhat Are the Main Causes of Food Insecurity in the World Today?1656 Words   |  7 PagesWhat are the main causes of food insecurity in the world today? Outline an d evaluate 2 or 3 possible solutions to food insecurity problems Currently, millions of people across the globe suffer from under-nutrition and hunger. In 2007, the UN (United Nations) estimated that there are approximately 850 million people who suffer undernourishment in the world today. It also reported that 799 million undernourished people live in developing countriesRead MoreSustainability of The Global Food System1104 Words   |  5 Pagesneed to consume food to supply nutrient-needs for our bodies. As the global population increased, the demand for food also increased. Increased population led to mass production of foods. However, even with this mass production, in under-developed countries, people are still undernourished. On other hand, in developed and developing countries, people are overfed and suffering from obesity. In addition, the current methods of industrial farming destroy the environment. These problems raised a questionRead MoreThreats to Global Food Supplies Essay621 Words   |  3 Pages There are many threats to global food supplies. Explain the problem, identity possible solutions, and assess the implications of implementing these solutions. Because of the increasing world population and the growth of the environmental problems such as global warming and acid rain, global food supplies meet great challenges to feed so many people especially those in economically richer areas wasting foods. A series of problems following food supply shortage like the competition of landRead MoreUnderstanding The Impact Of Junk Food Essay1510 Words   |  7 Pages: Understanding the Impact of Junk Food INTRODUCTION Junk Food is that type of food which doesn’t contain nutritional value. It do not contain high level of calories and has little protein, vitamins and minerals. Such foods are also not good for health and has negative effects after consuming them. Why there is a More Demand of Junk Food? There are following reasons which shows that why people are attracted towards junk food:- â ¦  Preparation of junk food doesn’t take so much time and it isRead MoreThe Current Food Of Food707 Words   |  3 PagesThe current food system is highly market oriented and has many flawes that impact people in negative ways. The system contains problems starting form the production stage (farm labor issues) to the distribution ( food insecurities ). The current food system is primary driven by commodity rather than what people in communities want or need. In other words, because of globalization the food system provides customers with goods without asking the needs and want of the people. For instance, many citiesRead MoreOverpopulation Is The Scarcity Of Food Supplies1408 Words   |  6 PagesEarth can hold (ConserveEnergyFuture, 2013). When overpopulation occurs, the number of resources on Earth cannot support the total population, thus resulting in various problems that conflict with the world’s peace and harmony. One major problem that is caused by overpo pulation is the scarcity of food supplies. There is not enough food being produced to feed the mouths of the endlessly increasing population. Therefore, many people all over the world starve and are malnourished, which is why many armedRead MoreThe Food System Is Essential For Sustaining Human Life1345 Words   |  6 PagesThe food system is essential to sustaining human life, yet it often gets overlooked. Feeding a city comes with a lot of issues, especially feeding the Halifax Regional Municipality (HRM) at a population of 414,000 (Statistics Canada, 2015). Although food is required to sustain humans, it has not always been produced sustainably in Halifax. Food sustainability is not only concerned with the food people consume, but rather looks at the whole system, interconnecting social, economic, and environmentalRead MoreFood Security Movement And The Global Food Supply Initiatives977 Words   |  4 Pageslocal and global food systems controlling most of production, processing , distribution, marketing and retailing of food. This gives big businesses the power to eliminate competition and dictate their own terms to their suppliers forcing farmers and consumers into poverty and malnutrition. As a result, movements such as food security, global food supply initiatives and Food Sovereignty have been created to combat the damage big corporations have caused on farmers and communities. The food security movementRead MoreChief General Of The Un Food And Agriculture Organization1428 Words   |  6 PagesFormer Director-General of the UN Food and Agriculture Organization (FAO), Jacques Diouf, once commented, Defeating hunger is a realistic goal for our time, as long as lasting political, economic, financial, and technical solutions are adopted. In his speech, Diouf referred to a sustainable development issue known as food security, an international issue that involves the availability, access, utilization, and stability of food. With recent global attention directed towards seemingly more

Financial Accounting Theory Share Price

Question: Discuss about theFinancial Accounting Theoryfor Share Price. Answer: The methodology that will help me determine whether the movement of the share price is related to the new announcement is the event study. The treatment of the date of event is as day of declaration. The seven-day period is chosen because of the need for exploring the investor's responses in the short run via the probability of the result misrepresentation triggered by the days without trading activities being incorporated into an event delay. The disruption is eliminated by incorporating announcement into the investigation is set whereby each even interval of negative six; positive six days is mandated to cover solely a single declaration which might be linked to the equivalent classification. For changes in the price of stock evaluation dictated by the announcement, the abnormal returns, and absolute returns are estimated (Basu 2007). The Average Absolute Return (AAR) is computed as arithmetic mean, but they does not eliminate the markets impact. Therefore, abnormal returns (AR) are also calculated as ARi=Ri-E (Ri). In this equation, ARi is the abnormal return linked to a given company (i) on day seven. The Ri is the real return for firm (i) on day seven while E (Ri) is the anticipated return for the firm (i) on day seven. The modest form is employed in this study to remove the projected return whereby it is the real return of the pertinent index of the market. The eventual computation of abnormal returns (AAR) will be done as the arithmetic mean. Further, dissimilar computation of average abnormal as well as absolute returns for the individual groups of announcement alongside sentiment in the two price of stock variations done. The ranges of stock price are distinct as follows, the lowest being from 0.01 to 1,00litas, median being from 1.01 to 10.00 litas while the uppermost is ranges between 10.00 and 100.00 litas. The findings would be relevant to newspaper editors during their determination of the particular stories to publish. This is because the editors are very key in the capital market or stock exchange market. They are the people who spread the announcement in share prices changes which trigger various reactions of the investors. The editors, therefore, must scrutinize the reported findings and only publish those that are facts so not to destabilize the market and make investors lose their money (Bies 2005). The editors will, in this case, show the correlation between announcing and share price changes and relate it to the emotional intelligence. They need to explain the need for high scores of emotional intelligence among the investors since it is related to behaviors that correlate with good investment performance. However, they will need to stress the need to help the investors who find it increasingly hard to overcome the fear when the share prices are declining. In so doing, they well restore confidence among such investors making them escape the irrational buying of too little shares which make them subject to greed where the price rises by selling too little and holding too long. The findings reported in this article will be increasingly relevant both securities exchanges and corporate regulators. The securities exchanges will get to understand the various emotionally laden decisions and their impacts on investing. They will be able to make rational decisions when it comes to the level of active management required, the frequency of trade, and the degree of concentration of a given portfolio, the extent to utilize risky or novel strategies as well as the much to save and invest against consumption. The regulators will also benefit from the information presented in the extract to undertake their regulatory duties. The information relating to the decision by John Neal to cut about 700 jobs in Australia to save $US200 million by 2014 would be the point of interest for the regulators. Cutting jobs is not good for the economy and, therefore, the regulators will come in to understand the rationale behind this unfortunate decision. The regulators will help explain that this is just a knee-jerk investing at its worst as Chanticleer reckons and explain that it is just due to lack of proper understanding of the major profit drivers of both companies. The regulators will, therefore, warn the buyers against the proven dangers attached to impulsive buying of shares. I think that the market inefficiency was the main reason that Dr. Chu and Mr. Lama managed to avoid losses by trading on insider information. There was an information asymmetry in the market as only the two people knew the information. If this information was present in the market, many people could have avoided their shares and hence made the two to lose their investments. The market was not semi-strong-form market efficient since the information they reflected in the security prices was not all publicly available. The capital markets research assumes that the markets are always semi-strong-form efficient and this was not the case here. The semi-strong-form efficiency suggests that security price will alter when unexpected earnings results, cash flows result, and earning results are announced. Semi-strong-form efficiency means that all the public information is computed into the current share price of the stock. This means that neither fundamental nor technical analysis is usable to accomplish superior benefits. The hypothesis only suggest that information that is not publicly available can benefit the investors who seek to earn abnormal returns on investment. All the information is accounted for in the price of the stock and no amount of technical or fundamental analysis accomplishes superior benefits If assume a no share price movement when GTx publicly announced the blood clot worries, I think that such information would be irrelevant to the market. The capital market research assumes a correlation between the public announcement and the share price movement and hence a relevant announcement should follow the sam e pattern. I agree with the statement that India needs to adopt the new accounting standards based on IFRS which suits the legal environment and context of India. The theory of public interest can support the adoption of the IFRS in India. I choose this theory to explain how the public interest will be guaranteed in India by adopting the IFRS. IFRS has been created by the IASB to make sure that stricter control as well as regulation alongside control are in place so that organizations and are unable to mislead their respective stakeholders. This is in line with the theory of public interest which require firms to consider public interest in their operations. IFRS, therefore, ensure a greater level of responsibility introduced in both disclosure and reporting system. Both real world application and empirical studies have proven that IFRS system guarantees a greater degree of financial system transparency which tends to meet the requirement of the public interest theory. It has been discovered that adopters of the IFRS have witnessed impacts on the cost of capital as well as liquidity alongside the label adopters. It has been proven statistically and researcher by analysts that financial disclosure quality has improved following IFRS adoption. The system has warranted an increased in the value of relevance as well as earnings of the entities hence the need for India to adopt the system. Since India is based on principles and not rules, it is appropriate that the IFRS is adopted to suit this context for maximum benefits. Blind replication of the West may not optimize the benefits due to a different context and environments in India. The new IFRS adoption will help India companies have wider sources of raising capital cheaply than before in the long run. Even though some barricades will exist during the transition phase, the initiative will be beneficial eventually in the long run for all the stakeholders since IFRS brings with it increased judgment. The companies will also have sufficient time benchmark thereby planning effectively to minimize the effect of the key financial ratios as well as operating parameters. India will benefit more by adopting the IFRS to the local contexts and environmental since it is more of principles than rules which may create conflict if they are adopted without amendments. By harmonizing Indian accounting standards with IFRSs, Indian companies would raise capital from more sources and at a lower cost than before. Many Indian companies are currently adopting IFRS to expand their businesses globally as well as seek for unique and standardized reporting system helpful in the provision of true as a fair financial image of their organization. The Indian companies will have better access to foreign capital markets as well as investment hence increased sources of capital. The IFRS in India will also assist the companies to understand effectively the financial statements which would benefit the investors who will be willing to invest their funds across the world. The international companies will raise more capital from different markets at a reduced cost provided they create confidence in the minds of the investors that their financial statements adhere to the globally conventional IFRS accounting standards in India. The stakeholders will face a challenge of increased initial cost of implementation as a result of a dual reporting requirement that the company may have to meet till complete convergence is realized. Another current accounting framework in India will deeply affect the laws as well as regulations. For the IFRS implementation, it will need changes in a range of laws and regulatory. The stakeholders, employees, regulators, and auditors will need to be aware of the IFRS as they need to train. The organizations will also be required to incur extra cost for the modification of their current accounting as well as procedures for accomplishing the new requirement for disclosures as well as reporting. The differences between the Indian GAAP as well as IFRS could impact the decision and financial performances of the entities. There will be drastic changes among the entities that adopt the IFRS in their entire set of financial statements. Because of the various differences between Indian GAAP and IFRS would pose a big challenge to promote awareness regarding the IFRS alongside its effects on the users. Since IFRS is using the fair value as a measurement base for the valuation of most of their items of financial statements the challenge will be due to the a lot of hard work involved in calculating fair value which require valuation experts. The Indian stakeholders will also have to change the terms and condition linked to management compensation plans since the reporting of financial results under the IFRS is probably to be different from those under the Indian GAAP. The disclosure and reporting systems under the IFRS are different completely from the Indian reporting requirement hen ce a challenge. The stakeholder theory is chosen to support T-Mobiles decision to give non-financial information to the shareholders. This theory is useful in expanding why entities should give the non-financial information. This is because it holds that managers have a fiduciary duty to all groups with a stake in or claim on the firm including suppliers, employees and customer in addition to shareholders. This theory holds that this duty emerge from a legal, moral as well as economic arguments since firms have connection with a range of constituent cohorts which affect or impacted firms. The theory posit that despite a legally anchored fiduciary duty of managers towards shareholder, entities remain limited legally as well as economically where they act in accordance with this narrow perspective of shareholder value optimization. It requires firms to purse shareholders interest whereby it protects particular rights as well as interest of stakeholders thus avoiding moral hazards and monopoly powers. Stakeholder theory was, therefore, appropriate to explain the T-Mobile since it supports corporate social responsibility. Therefore, the companies must give the non-financial information to the shareholders including social and environment issues which have a great impact on the companys bottom line which is essential to investors. The sustainability reporting thus benefit the shareholders whereby the non-financial information is disclosed in financial reports. The non-financial reports have ensured that shareholders get to know about bribery issues and diversity on boards of directors. The interest of the shareholder was, therefore, guaranteed in the T-Mobile organization since issuance of non-GAAP standard information was critical to justify their organizations transparency. The ability of the capital market to value the TMobiles shares will not be negatively affected by the inclusion of non-standard metrics by the firm. Even though the article highlights that such provisions had obscured the key messages, these messages were included, and this does not mean market inefficient. The voluntary information integrated into the earning releases was additional transparency. The market efficient hypothesis was never disrupted by giving additional information. The T-Mobile, therefore, did a good thing by giving the non-financial information to which are critical to investors even though they are no compelled to do so. Giving such information should help the users to understand the firm better. Therefore, the firm never violated any rule by giving the non-GAAP standard information. The claim that such information obscured the key message was, therefore, irrational. To validate the claim made in the article that non-GAAP metrics confused the investors, I will design an approach for controls over the non-GAAP measures. The external reporting manager will calculate the non-GAAP measures before drafting the disclosure for the earnings release of the company. The controller will then review the draft disclosure by re-calculating individual non-GAAP measure as well as agree on the underlying GAAP measures to the general ledger. The controller will consider whether the non-GAAP measures entail misleading adjustments as well as review a list of forbidden presentation of non-GAAP financial measure to make sure that they are consistent with the SEC guidance. The audit committee will thus confirm whether non-GAAP measures are disclosed appropriately according to the policy as well as consistent with SEC rules, guidance and regulation. If the study notes a misleading adjustment, inconsistencies, and wrong disclosure, then I will conclude the non-GAAP measures claim confused the investors. Carried interest describes that a share of profits which the general partners of a private equity or hedge funds receives as compensation irrespective of their contribution to the original funds. It seeks to motivate the fund manager or general partner to work towards enhancing the performance of the fund. I have chosen the fair value accounting theory to help determine whether I would find fair value accounting more decision-useful than historical cost accounting for the Blackstones value of carried interest. The fair value accounting theory is appropriate for dealing with the carried interest. The fair value accounting would be able to address the issues as takes in consideration the facts of the market prices. According to fair value accounting theory, historical cost is irrelevant. The deterioration in quality of the debt of the company that lowers its value in the market is reported to the stakeholders as a rise in the capital and profit of the company. This is because this is r ational and unbiased technique that provide an estimation of the potential market price of securities of the firm (Campbell and Owens-Jackson 2008). Moreover, it will consider objectives cost like distribution, acquisition, as well as the replacement cost. The information produced by the fair value accounting is more relevance, reliable than the historical cost accounting. Moreover, it discloses full information compared to the historical cost accounting. The amplified volatility of earnings of Blackstone resulting from fair value accounting will impact the amount I would be willing to pay for these securities. This is because the fair value accounting treats the prevailing prices as reliable measures of value. Since it is evaluated per period, it gives relevant information that will influence my rational decision. Since Blackstone is willing to bear this volatility to secure the revenue recognition, I will only pay the amount once they have paid for this volatility. As reflected in the Positive Accounting Theory, the decision by Blackstone to adopt fair value accounting for carried interest fees in 2007 can be explained effectively (Scott 2013). The positive accounting theory advocates for the issuance of information to the stakeholders, and by using the fair value, it was appropriate for the firm to deal with the unconsolidated investment through fair value option to value future carried interest fees alongside the offsetting credit to current earnings. Since the positive accounting addresses what is needed to be done, it is appropriate since it would have led to earnings as presented in the information. The equity method that was used previously for the unconsolidated investment thus proved inappropriate. References Basu, S., 2007. The conservatism principle and the asymmetric timeliness of earnings 1. Journal of accounting and economics, 24(1), pp.3-37. Bies, S.S., 2005. Fair value accounting. Fed. Res. Bull., 91, p.26. Campbell, R.L. and Owens-Jackson, L.A., 2008. FAIR VALUE ACCOUNTING. Scott, W.R., 2013. Financial accounting theory (Vol. 2, No. 0, p. 0). Upper Saddle River, NJ: Prentice hall.

Role of Information and Communication Technology in Banking in Nepal free essay sample

The use of information and communication technology has taken wider scope in the banking sectors than previous years because of the reach of the people to the ICT infrastructure and easy availability of its products. The use of ICT has been for long time in the western countries such as USA, UK, Australia and many more. However, the easy access to internet and other smart ICT product has made easier deployment of technology to the developing countries. In the context, Nepal is one of the countries who came late in the deployment such new technology in the banking sector. Deployment of new ICT has always been challenging in the banking sector of country like Nepal to compete in market. As part of WTO (world Trade Organization) Nepal has opened its door to the global market. Banking in context of Nepal dated back to 15th of November 1937. Before that all the financial transaction was done by the private lenders without the any certain norms and the rules. We will write a custom essay sample on Role of Information and Communication Technology in Banking in Nepal or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The bank established on that day was Nepal bank limited which is a commercial bank. After many years of planning and conceptualization, a central or reserve bank was formed as â€Å"Nepal Rastra Bank† monitoring and mentoring the entire banking sectors of Nepal. The major banks of Nepal have now implemented new technology to render service to their client. The technologies they are using are ATMs on major cities, online banking system, and mobile banking system. The use of ATM allows clients to access their cash any time when they are in need of it. Moreover, the implementation of online and mobile banking allows flexibility and comfort to the client to track their savings and spending and also provide the facility of online purchase and payments. By the use this types of information and communication technology has helped to grow the benefits of the institution and simplify the daily operation of the organization.