Virtual Banking :: essays research papers

List of chapters 01.00............ Official SUMMARY 02.00............ Patterns IN RETAIL BANKING 03.00............ ABOUT THE INTERNET 04.00............ VIRTUAL BANKING AND APPLICATIONS 04.01............ Keen CARDS 05.00............ Models 06.00............ SECURITY ON THE INTERNET 06.01............ CRYPTOGRAPHY 06.02............ FIREWALLS 06.03............ Confided in OPERATING SYSTEMS 07.00............. Guidelines AND PROBLEMS 08.00............ End . 09.00†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. REFERENCES 01.00 EXECUTIVE SUMMARY The Internet is rising as a proficient conveyance channel for budgetary administrations. With Web banking, clients don't have to have exceptional bank-gave programming. Banks keep up their character and can separate themselves by tweaking the administrations And data they give over the Internet. 02.00 TRENDS IN RETAIL BANKING What improves client mean? Progressively, clients are requesting more helpful approaches to do their banking. An Ernst and Young investigation (Technology in Banking Report) reasoned that "nothing changes in the financial world if clients can't get money related administrations when and where they wish...this implies anyplace, at any time." Statistics show that ATM's, phone banking, and home financial record for more than 50% of all financial exchanges today, and absolute non-branch movement is developing at fifteen percent a year. In one review (Web-Tech, Inc., May 17, 1995), eighty-two percent of 18-to 34-year olds surveyed favored manages an account with 24-hour administration. Clients are likewise requesting an increasingly refined blend of items custom fitted explicitly to their budgetary needs, and non-bank contenders are better satisfying these needs. Banks today hold just 20% of family unit monetary resources, versus 34% twenty a long time back; they have 30% of business stores, versus 42% just seven years prior. Nonbank charge card suppliers have picked up advances against banks, holding a 25% piece of the overall industry versus 5% in 1986 (WebTech, Inc., May 17, 1995). Web banking offers an appealing answer for this overhauled items and administrations. Clients have 24-hour graphical-interface access to their records and appreciate that their bank is planning something for make banking simpler for them. 03.00 ABOUT THE INTERNET The Internet has detonated over the most recent two years because of the innovation of the alleged "browser." A program is a point-and-snap programming program that permits "surfers" to explore around the Internet without realizing any UNIX orders. The first program was created by the National Center for Supercomputing Applications, a government office. With a program and access to the Internet, you can arrange a pizza, tune in to and buy a CD, walk around the Louver, or view satellite photos of Scotland. In spite of the fact that it might get blocked now and again, the Internet itself is amazingly solid. There isn't in reality any one system that is the Internet; it is comprised of a large number of systems that interface with one another through normal courses, and they all consent to convey each other's traffic. There is a great deal of cash streaming up from nearby

The Management of Global Trade Distribution Coursework

Attachment Report Bsc Hon Comp Science (Afrosoft Holdings Limited) Essay

This report serves to give the peruser a synopsis of the third year mechanical connection indicating the work and research done in the field of programming designing while at Afrosoft Holdings (Ltd. ). It additionally features the experience picked up during this equivalent time. This is a report on the one-year modern connection program held in the third - year of study as a major aspect of the 4-year Bachelor Of Science Honors certificate in Computer Science program at the National University of Science and Technology (NUST), beginning second of July 2012 at Afrosoft Corporation. In the main section of this report, a prologue to Afrosoft as a partnership is made, giving the hierarchical structure of the organization, and the company’s item brand. The administrations gave by the organization are additionally noted in this part. The subsequent section centers upon the strategies settled upon by Afrosoft, and spotlight is made on the Microsoft Solutions system which the organization utilizes widely. The accompanying part at that point gives a knowledge on the three-level programming design that Afrosoft has concentrated upon. A short conversation of different kinds of models is additionally given. Advancements utilized most at the organization are talked about next in the fourth section. These incorporate advancements utilized previously, and innovations being utilized in more up to date extends. Following this section is one on information get to parts and Microsoft SQL server, which are utilized by Afrosoft in practically the entirety of its items. After this is a section on the undertakings that the creator took part in at the organization, enumerating the duties alloted and the innovations gained from every one of them. Past that, the rest of the parts talk about what was found out during the connection time frame and a general point of view toward the experience picked up. Affirmations Great much gratitude goes to all the staff at Afrosoft Corporation, and particularly to the Software Development Department. I wish to stretch out my sincerest appreciation to the prominent people, the Software Development quick supervisor Mr. Development Musasiwa, for your inspiration, backing, tolerance and coaching. Programming Developers in the office, Tanyaradzwa Chamarime, Brighton Chaparadza, Gerry Vhera, Edson Jengwa, Joseph Bodzo and Kurai Mombeshora. My gaining from you will clearly be a foundation for my prosperity and accomplishment in the IT field and in all aspects of life, your help and cooperation stays an obligation to me . To be sure I owe you my sincere appreciation. Much obliged to you group!!! .Additionally unique gratitude to my family who consistently demonstrated their affection and backing all through this period. An abundance of thanks are additionally reached out to all kindred understudies on connection. I additionally offer thanks to Mr. K. Sibanda and Mrs. S. S. Dube, my modern connection co-ordinaters. To wrap things up of all acclaim and thanks be to God the Almighty for his security and cherishing direction. Much obliged to all of you. Rundown of Tables Table 2. 1:Models under Microsoft arrangements Framework21 List of Figures Figure 1. 1: Organizational structure5 Figure 1. 2: Product Brand9 Figure 1. 3: Older AfroPACK Products11 Figure 1.

Atheism vs Religion Coursework - 550 Words

Atheism vs Religion (Coursework Sample) Content: Topic: Atheism Vs ReligionName:Course:Instructorà ¢Ã¢â€š ¬s Name:Date:Do you think atheism will eventually become more prominent than religious belief?IntroductionAtheism is defined as a position by which no deities exist. Religion refers to the belief in a supreme being. In religion, at least a single deity exists. The two entities have been subjects of discussion on many major platforms around the globe. Both sides have facts that seem to justify their belief. Atheism will never dominate the world. This paper will explore reasons for the angle by which this discussion takes.DiscussionScholarsReligion dominates the world. About 96% of the human population has submitted to different beliefs. Most popular religion is the Christian community. Christians and Buddhists closely follow it. Atheism is a practice that is not common. Scholars mostly practice it. Philosophical teachings in higher levels of learning can be contracting. As a result, many highly learned individua ls take this route. They are, however, small in number as compared to the believers. Levels of illiteracy are high. Most people are thus uninformed about the questioning of the mysteries of the universe.Religion based institutionsReligious entities sponsor most social services that are offered in many parts of the world. These include hospitals, schools and universities. There thus leads to lots of influence by religion on the day to day lives of human beings. This inclines them towards religion. The Atheist community has not such institutions and remains highly unpopular. The trend continues even to the young humans that are born each day.Opium of the massesPlato once stated that religion is an opium of the masses. This theory has been proofed in numerous ways. Psychologically, all human beings want something to believe. There thus leads them to believing in supreme beings as stated by different religion. Allegory of...

Value At Risk And Risk Management - 2858 Words

Value at Risk Framework or VAR framework is mainly used for financial risk management or financial mathematics in measuring the risk element on a definite portfolio of financial assets, present in any economic organization. This particular portfolio comprises of time event and probability, which states the threshold of the risk loss value over the period of time. These risk loss values are assumed to be according to the market to market pricing, no trading and normal market which contributes in this risk valued portfolio. The risk management of Value at Risk is done by risk managers which are responsible for measuring and controlling the risk levels that are present in an organization. Considering the modern portfolio theory, the third constituent of portfolio is amount of investment which then creates a mean-variance framework risk. This framework risk is defined in terms of possible variation in the expected portfolio which will describe the risk value loss in financial assets of a n economic organization. The Value at Risk framework and management help an organization in analyzing the risk loss in the financial resources, which increase its use in many businesses, organizations and institutions. (Hassan, 2009) The organization use this VAR framework in analyzing the potential losses in many risk management ideas which include stress testing, backtesting, expected shortfall, tail conditional expectation and economic capital. These are the few important ideas that have beenShow MoreRelatedThe Value At Risk Management1219 Words   |  5 Pagesquestion: What is the most I can loose on my investment? The Value at Risk, commonly known as VaR, tries to answer this question within a reasonable bound. VaR is used in financial mathematics and financial risk management as a risk management tool to measure the risk of loss of an individual asset or a whole portfolio. Although it provides a good sense of risk one is undertaking, it shouldn’t be an alternative method to risk adjusted value and or other probabilistic approaches. In the following linesRead MoreRisk Management Theory : Equity Value1254 Words   |  6 PagesRisk management theory can be divided in two competing approaches: equity value maximising strategies and strategies determined by managerial risk aversion. The first category suggests that hedging can increase the market value of equity and that companies should be concerned with total risk rather than systematic risk. There is, however, no comprehensive framework for explaining risk management within the imperfect financial environment in which firms operate. Therefore, it is not possible to drawRead MoreVALUE AND RISK MANAGEMENT PROTOCOL FOR DYNAMIC BRIEF DEVELOPMENT IN CONSTRUCTION8325 Words   |  34 PagesEmirates Journal for Engineering Research, 10 (2), 23-36 (2005) (Regular Paper) VALUE AND RISK MANAGEMENT PROTOCOL FOR DYNAMIC BRIEF DEVELOPMENT IN CONSTRUCTION A.A.E. OTHMAN Department of Social Services and Commercial Buildings, Abu Dhabi, United Arab Emirates aothman@emirates.net.ae (Received August 2005 and accepted November 2005) †«Ã˜ §Ã¯ »Å¸Ã¯ » ¨Ã¯ »Ë†Ã¯ º ®Ã¯ » ³Ã¯ ºÅ½Ã˜ ª Ø §Ã¯ »Å¸Ã¯ º ¤Ã¯ ºÅ½Ã¯ »Å¸Ã¯ » ´Ã¯ ºâ€ ï »Å¸Ã¯ »Å'ï » ¤Ã¯ »  Ã¯ » ´Ã¯ ºâ€ Ø §Ã¯ º ³Ã¯ ºËœÃ¯ º ¨Ã¯ » ¼Ã˜ µ ï » £Ã¯ ºËœÃ¯ »â€žÃ¯ »  Ã¯ ºâ€™Ã¯ ºÅ½Ã˜ ª Ø §Ã¯ »Å¸Ã¯ » ¤Ã¯ º ¸Ã¯ º ®Ã™Ë†Ã˜ ¹ ï ºâ€"ï º ¤Ã¯ º ªÃ˜ ¯ ï ºâ€"ï »â€žÃ¯ » ®Ã¯ » ³Ã¯ º ® Ù‡ï º ¬Ã¯ » © Ø §Ã¯ »Å¸Ã¯ » ¤Ã¯ ºËœÃ¯ »â€žÃ¯ »  Ã¯ ºâ€™Ã¯ ºÅ½Ã˜ ª Ø §Ã¯ »Å¸Ã¯ » ² ï » £Ã¯ º ®Ã¯ º £Ã¯ »  Ã¯ ºâ€ ï » £Ã¯ »Å'ï » ´Ã¯ » ¨Ã¯ ºâ€. Ù‡ï º ¬Ã˜ § Ø §Ã¯ »Å¸Ã¯ » ¤Ã¯ » ¨Ã¯ »Ë†Ã¯ » ®Ã˜ ±Ã¢â‚¬ ¬ .†«Ã¯ » ³Ã¯ »Å'ï » ®Ã™â€š Ø §Ã¯ »Å¸Ã¯ ºËœÃ¯ »â€Ã¯ ºÅ½Ã¯ »â€¹Ã¯ »Å¾ ï ºâ€˜Ã¯ » ´Ã¯ » ¦ Ø §Ã¯ »Å¸Ã¯ » ¤Ã¯ ºÅ½Ã¯ »Å¸Ã¯ »Å¡ Ùˆ Ø §Ã¯ »Å¸Ã¯ » ¤Ã¯ º ¼Ã¯ » ¤Ã¯ » ¢Ã˜Å' Ø ¢Ã¯ » ¤Ã¯ ºÅ½ ï » ³Ã¯ » ¤Ã¯ » ¨Ã¯ »Å  Ø §Ã¯ » »Ã¯ º ³Ã¯ ºËœÃ¯ »â€Ã¯ ºÅ½Ã˜ ¯Ã˜ ©Read MoreRisk Assessment : An Essential Part Of A Risk Management Process1046 Words   |  5 PagesIntroduction The risk assessment is an essential part of a risk management process designed to provide appropriate levels of security for information systems. The assessment approach analyzes the relationships among assets, threats, vulnerabilities and other elements. Security risk assessment should be a continuous activity. Thus, a comprehensive enterprise security risk assessment should be conducted at least once every two years to explore the risks associated with the organization’s informationRead MoreInformation Systems Strategic Planning Risk And Performance Management942 Words   |  4 Pages BA531 Business Performance Management Week 1 Assignment Information Systems Strategic Planning Risk Performance David Nagus Grantham University Professor Duhn Sept 3, 2015 1. State a simple definition of performance management. Performance management is a process that provides feedback and accountability and also documentation for performance outcomes. It is a forum to help employees channel their talents toward organizational goals. 2. State the three major strategic choices facing firmsRead MoreEffective Quality Management And Risk Management874 Words   |  4 PagesIII. Effective Quality Management Although hundreds of management methods are developed, most research considers a non-holistic software quality management (SQM) viewpoint and focuses on development-phase-specific quality assurance (QA) methods and activities. To support SQM, we study effective quality management (EQM) to get acceptance of adequate product quality assurance activities by a minimum set of stakeholders, developers, customers, and users.[1] Value engineering (VE) is a method thatRead MoreThe Role Of Internal Audit Departments On The Business Community On How Their Work Adds Value1201 Words   |  5 Pagesthe business community on how their work adds value to an organization. Internal audit departments commonly have an IT audit component which is deployed with a clear perspective on its role in an organization. However, in our experience as IT auditors, the wider business community needs to understand the IT audit function in order to realize the maximum benefit. In this context, we are publishing this brief overview of the specific benefits and added value provided by an IT audit. To be specific, ITRead MoreThe Valuation Implications Of Enterprise Risk Management1047 Words   |  5 PagesThe Valuation Implications of Enterprise Risk Management Maturity by Mark Farrell and Ronan Gallagher seeks to prove that firms who integrate the Enterprise Risk Management (ERM) process tend to enhance their value by recognizing risk. This article states that enterprises will be subject to many risks and that the goal of ERM is to â€Å"model, measure, analyze, and respond to these risks in a holistic manner† (p. 625). As defined by the Casualty Actuarial Society (2003) ERM is â€Å"the discipline by whichRead MoreRisk Management Process1617 Words   |  7 Pages4 DESCRIPTION 4 RISK MANAGEMENT FLOW 5 ROLES AND RESPONSIBILITIES 6 RISK TRACKING PROCESS 7 Identify Risks 7 Assess and Prioritize Risks 7 Determine Course of Action 8 Review and Monitor Risks 8 RISK MANAGEMENT LOG ENTRY DEFINITIONS 9 PROCESS ASSISTANCE, QUESTIONS, OR RECOMMENDATIONS 10 APPENDIX A: RISK MANAGEMENT LOG 11 Document Overview Purpose The purpose of this Risk Management Process document is: †¢ To provide a framework to track and monitor project risks throughout the projectRead MoreInformation Risk And Its Effects On Financial And Investment Policies Essay987 Words   |  4 Pages11. Information risk refers to the potential harm that can be done by employees, third parties, data breaches, etc. The information risk puts a lot of pressure on financial and investment policies. Therefore, it should be properly managed to reduce the occurrence of events that can negatively influence the company internal or external processes. The information risk can be mitigated by technologies (Fraser Simkins, 2010, p. 510 - 511). 12. Internal environment - includes conditions, events, and

Essay on The Great Debate on Global Warming - 1502 Words

The cause of global warming has been a debate between scientists and experts for numerous years. In fact, Svante August Arrhenius, a Swedish chemist, first predicted global warming would occur in 1896 (Harris 16). Researchers who agree it is naturally caused insist the greenhouse effect has many natural causes. Others agree that the cause of the Earth’s increase in temperature is just part of a continuous cycle. These researchers argue that solar activity plays a huge role in the issue of global warming. Therefore, based upon the myth of the greenhouse effect, cyclical patterns, and research on solar activity, global warming is not a man-made dilemma. When greenhouse gases trap heat in the atmosphere, similar to the way greenhouse panes†¦show more content†¦The greenhouse effect will continue naturally. Methane makes up thirteen percent of greenhouse gases (Hopwood Cohen 2). Wetlands are accountable for most of the natural methane concentrations polluted into the air because they contain bacteria that produce this gas during decomposition (Sources and Emissions 5). For this reason methane is often called swamp gas (Hopwood Cohen 6). As part of their digestive process, termites release methane. Also, Oceans, rivers, and estuaries are populated with marine plankton and fish that create methane when they digest too(Sources and Emissions 5). Cows breathe out methane when they burp (Harris 10). Natural hydrates, mud volcanoes, gryphons, steam vents, wildfires, wild animals and bubbling hot springs expel methane in nature(Sources and Emissions 6). The causes of methane emissions are limitless, but it is evident that it is not a manageable greenhouse gas. The final greenhouse gas, nitrous oxide, is â€Å"laughing gas.† It is colorless, has a sweet sent, and makes up six percent of the total greenhouse gases. Naturally, it is discharged from oceans and bacteria that populate in soils. It can also be found in human and animal waste. Since 1750, nitrous oxide levels have been on the rise. Although nitrous oxide does not contribute to the greenhouse gases as much as carbon dioxide and methane do, it is important to suppress this gas because it remains in the atmosphere for a very long time (Hopwood Cohen 7).Show MoreRelatedCause And Effect Of Global Warming953 Words   |  4 PagesOver the past decade, the Earth’s gradual temperature increase has sparked a debate amongst scientists and politicians. Scientists have conducted research to understand the cause and effect of global warming, but it can take years for scientists to reach a consensus. The claims that global warming is the next apocalypse or is just some fairy tale lack scientific proof. These claims have confused the general public, and leave many citizens’ questions unanswered. Many people are concerned about theRead MoreThe Debate Over Global Warming1499 Words   |  6 PagesThe global warming debate has been at the top of the list for environment alists increasingly over the last twenty years. The controversy of global warming is either considered due to human activity or natural causes. Although the earth’s climate and temperatures have changed, that does not mean it is humanly caused. Despite the pretense linking the association between man and global warming, which is heavily supported by consensus of scientists, eco-sensitive politicians, and the effort to restrictRead MoreThe Everglades And Global Warming1745 Words   |  7 PagesThe Everglades and Global warming Richard Hamilton BSC2010 Broward College The Everglades and Global warming Introduction The Everglades mainly found in the United States of America (USA) is a 2 million acre of wetland ecosystem that stretches from the Central of Florida near to Orlando to the Bay of Florida in the south. During rainy seasons, Lake Okeechobee experience upsurge in water volumes causing it to discharge the waters into the â€Å"river of grass† that characterize with shallowRead MoreControversial Issues in Entertainment1283 Words   |  6 Pagesspecifically In God We Trust vs. the Freedom of Religion in America. These are from the previous years with the ethical issues which are the war, the same sex-marriages, and the legalization of marijuana, divorce, crime increase, equality, and Global Warming. The commitment of communication was to reach the mass media through the newspaper, radio, magazines, and internet. These are two of the concepts that were classified. â€Å"News and newsworthiness†, this means it is the main objective for the pressRead MoreGlobal Warming : Fact Or Fiction? Essay1395 Words   |  6 PagesGlobal Warming: Fact or Fiction? In today’s society commoners are hard pressed from both sides of a raging debate that has encompassed the political landscape of America and much of the world. This raging debate concerns Global Warming or preferably Climate Change. Each side trying to convince the populace one way or the other. On one side the liberal ideology is convinced that the rapid change in the temperature of the earth is caused by extensive human Carbon Dioxide emissions. On the otherRead MoreThe Importance of Fallacies in Any Debate Essay535 Words   |  3 PagesLogical fallacies are an important part of any debate. These fallacies arise when people do not have a solid argument, but still debate over the subject. Many of these fallacies are used because of stagnant arguments, but there are three informal fallacies should be noted: the ad hominem fallacy, the appeal to authority, and the argument from ignorance. â€Å"There is no reason to believe George Clooney is not a brilliant actor. If there is no reason to believe George Clooney is not a brilliant actorRead MoreGlobal Warming: Fiction or Truth? Essay example1369 Words   |  6 PagesTrue or false; global warming is a catastrophic event that is occurring by natural and human means that is causing global temperature to rise and that can lead to many disasters? This has been an issue that hundreds and maybe thousands of scientists and citizens have debated about back and forth. The thought of global warming existing is a strong claim that many and most people have been backing up. Reliable sources have claims and evidence that is sufficient to prove global warming but other reliableRead MoreEssay on Global Warming: a Natural Phenomenon1567 Words   |  7 PagesNatural Phenomenon The global warming subject has been a heated debate for the past few decades. Some scientists are saying this is a completely man made problem. There are two clear sides to this subject and both have evidence, but the evidence is stronger on that global warming is just Mother Nature at work. The government has poured hundreds of millions of tax payer dollars into research for manmade global warming. The theory is that humans are causing the â€Å"greenhouse effect† and putting tooRead MoreThe Global Warming Debate On Our World880 Words   |  4 Pagesour species and plants; Human activity is to blame. However, since 2012 Fox news has been reporting that global warming is fake and that it is not caused by human activity but rather by natural causes. Further, this global warming debate has been an ongoing battle between the Democratic Party and the Republican Party. In 2012 during Obamas second run for presidency, the global warming debate went on full blast. 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Profit and Loss Income Statement

Question: Discuss about theProfit and Loss for Income Statement. Answer: Introduction One of the renounced financial statements commonly used by the financial experts and most of the business organisation is the income statement commonly known as the profit and loss statement. The importance of the profit and loss statement is that it reveals the profit earned by the company during the certain period of time that may be a period of 12 months. On the other hand, Balance Sheet of any company reveals the status of the assets, liabilities as well as the capital structure of the company at a particular point of time. This particular assignment is based on the assessment of the changes in the balance sheet of the King Edward VII College of the years 2014 and 2015. On the basis of the information given in the balance sheet the performance of the college is to be measured and to highlight the areas of changes as well as the to highlight the increase in 10% criteria as well as to report on the financial position of the college. Analysis of Balance Sheet of King Edward VII College and University for the Year Ending 2015 2014 After going through the balance sheet it has been noticed that there are many changes from the last year 2014 to this current year 2015. As per the given situation in the assignment it is needed to identify where there is an increase at the rate of 10% from 2014 to 2015. By going through the balance sheet of King Edward VII College it has been analysed that the financial position of the college has improved in comparison to the last year. Following are the areas where there is an increase in 10% criteria in the items present in balance sheet of King Edward VII college and university:- Endowment asset investment has increased by 10%. It has been noticed that the endowment asset investment is 162597 for the year 2014 where as it has increased to 179373 in 2015. (179373 - 162597 = 16776/162597*100 = 10.3%) Debtors have also increased by more than 10%. It has been identified that debtors are 78212 in the year 2014 where as it has increased to 89729 in the year 2015. It has been increased by roughly 14.73% in the year 2015. (89729 - 78212 = 11517/78212*100 = 14.73%) The creditor to whom the college is bound to pay within a year has also been increased by more than 10%. It has been followed that the creditors falling under this category amounts to 193328 in the year 2014 by it has been increased to 221164 in the year 2015. (221164 - 193328 = 27836/193328*100 = 14.40%) The total assets of the college reduced by the current liabilities of the college have also been increased by more than 10%. It has been identified that the total asset reduced by the current liabilities is 1009150 in the year 2014 where as it has increased to 1238061 in the year 2015. (1238061 - 1009150 = 228911/1009150*100 = 22.7%) The endowments in the nature of restricted permanent have increased by slightly more than 10% in the year 2015. It has been followed that the endowments in the nature of restricted permanent was 138314 in the year 2014 where as it has been increased to 153044 in the year 2015. (153044 - 138314 = 14730/138314*100 = 10.95%) These are the above mentioned criteria where the increase in 10% criteria has been increased. Financial Performance Based on the Profit and Loss Statement The profit and loss statement shows the profit of the company at the particular point of time. As per the profit and loss statement of the King Edward College it has been seen that the college has received its fund from the various sources such as fees for tuition as the educational contacts, endowment and investment earnings, some of the earnings has been generated from the operating incomes which has considerably been increased from the previous financial year 2013-14 to the current financial year 2014-15. The total income of the college has increased from 603,668 in the year 2013-14 to 684,225 in the year 2014-15. On the same way the expenditure has also been increased from 605,809 in the year 2013-15 to 640,449 in the year 2014-15. But the college has faced the loss of 2,141 in the year 2013-14 which the company turned into profit of 43,776 by providing the better service quality. The tax is not to be paid for the financial year 2013-14 the college faces a loss but it has t o be paid for the year 2014-15. Thus after all certain deductions the surplus generated by the college after depreciation and tax has also increased in the financial year 2014-15 which is really a good sign which shows that the financial position of the college is really improving. Identifying the Variances Higher than 10% After analysing the balance sheet it has been noticed that there are certain areas which has increased in comparison to the last financial year 2013-14 and the current financial year 2014-15. There are few areas which have been identified which meets the 10% criteria such as Endowment asset investment, Debtors, creditor followed by the total asset reduced by the current liabilities and endowment in nature of the restricted permanent. Comparison of the Performance It has been seen that the performance of the various campus of this college has been improved in the financial year 2014-15 in comparison to the last financial year 2013-14. This has been revealed in the income statement as well as the balance sheet of the college which gives a positive result about the company. By comparing the financial statements of the college it has been seen that the college has earned a profit in the current financial year in comparison to the precious year which is really a good sign. Recommended Solutions for the Expenditures Where the Variance is More It has been usually seen that the financial performance of the company has improved in comparison to the last year. But it has also been observed that there are certain expenditures which exceed the 10% criteria. The college should incur its expenditure in such a way that it should not be too high that in turn reduces the profit of the college. If the expenditure increases it is the fault of the management in utilizing the resources. Though the profit of the college has increased but the expense should be in its limit so that the college can incur more profit. Conclusion From the entire assignment it has been concluded that the financial performance of the college has improved but there are certain criteria where the expenditure has increased as a result of which the college has earned a profit but not as per the expectation. So it should be notified that in order to increase the profit the resources should be utilizes in such a way that the management can achieve the best out of it. Reference Bodie, Z. Merton, R. (2000)Finance. Upper Saddle River, NJ: Prentice Hall. Fraser, L. Ormiston, A. (2001)Understanding financial statements. Upper Saddle River, N.J.: Prentice Hall. Fridson, M. Alvarez, F. (2002)Financial statement analysis. New York: John Wiley Sons. Peterson Drake, P. Fabozzi, F. (2006)Analysis of financial statements. Hoboken, N.J.: Wiley. Robinson, T. (2009)International financial statement analysis. Hoboken, N.J.: John Wiley Sons. Ross, S. et al. (2005)Corporate finance. Boston: McGraw-Hill/Irwin.