This book is for business managers, as well as for bankers,
consultants, lawyers, and other professionals who need a
solid and practical understanding of how business makes
profit, cash flow from profit, the assets and capital needed to
support profit-making operations, and the cost of capital.
Business managers and professionals don’t have time to
wade through a 600-page tome; they need a practical guide
that gets to the point directly with clear and convincing
Of the total milk sold by the farmers, 15 - 19% is thought to be wasted en route-to-market due to
spoilage from a lack of proper cooling, storage, and transport systems. There is an imperative need to
prevent the wastage of milk, which is the result of a poor cold chain. Milk being a highly perishable
commodity does not give many choices for storage or channels; consequently, the unorganized
middlemen as a speedy substitute to a cold chain dominate the supply chain. Both investment and
regulation are required to develop the cold chain, which will help consolidate the milk...
Functional Reactive Programming (FRP) is a high-level declarative
language for programming reactive systems. Previous work on FRP
has demonstrated its utility in a wide range of application domains, including
animation, graphical user interfaces, and robotics. FRP has an
elegant continuous-time denotational semantics. However, it guarantees
no bounds on execution time or space, thus making it unsuitable for many
embedded real-time applications.
The corporate world is living through some interesting and challenging
times. In today’s world, in order to survive or remain competitive,
corporations must continue to assess their organizational
strategies, structures, and practices. Changing and adapting to external
pressures and market shifts is now (and will continue to be)
an imperative. It is a must; survival depends on it.
In this chapter, the learning objectives are: Understand general ethics and a series of steps for making ethical decisions; reason through an ethical decision problem using the imperative, utilitarian, and virtue theories of moral philosophy; identify the different entities that make ethics rules for CPAs and public accounting firms;...
The main goals of this chapter are to: Understand general ethics and a series of steps for making ethical decisions; reason through an ethical decision problem using the imperative, utilitarian, and virtue theories of moral philosophy; identify the different entities that make ethics rules for CPAs and public accounting firms.
Today’s banking and trading institutions realize they must move and move quickly to capitalize on new
business opportunities in wireless banking and trading. Resistance to the implementation of wireless
banking can lead to major losses at the business and market share levels.
Wireless service soon will be a necessity for the end-user. Although many technological barriers need to
be overcome, it is imperative to embrace the change.
Wireless banking and trading is only an extension of the product offerings for the financial institutions.
The increased online presence of customers is making it imperative for traditional brick-and-mortar banks to establish themselves in the virtual space. Banks are moving toward virtualization by offering services on the internet and by mobile phone. The challenge today is to offer integrated financial services to customers across all delivery channels, introduce differentiated products to respond to and exceed customer expectations, and improve return on investment in a highly mature and competitive landscape.
As leading technology providers of financial services solutions, IBM and ACI Worldwide have helped financial institutions worldwide build some of the most sophisticated, comprehensive payment systems in use today. As competitive and regulatory pressures mount and institutions look to transform their payment system infrastructures to reduce risk, enhance ROI and improve time-to-market for new services, it is imperative that they choose technology partners with the necessary experience and expertise....
The greatest triumph of microfinance is the demonstration that poor households can be reliable
bank customers. The received wisdom at the start of the 1970s held that substantial subsidies
were required to run financial institutions serving poor households in low-income countries.
Government banks often shouldered the task of serving the poor, usually with a focus on
farmers. However, most state-run banks were driven by political imperatives, and so they
charged interest rates well below market rates and even then collected loan repayments only half-