Non-sufficient funds

his knowledge on detecting document fraud, check fraud, and forgery. There were several serious control weaknesses in identity check system back then. Franks got his first pilot uniform by using a fake employee ID number. To prevent this from happening, instead of ordering new uniform directly from the store by a pilot, the company could use employee record and order the uniform for the employee. The uniform should have employee’s name on it. Therefore, the identity was checked upfront before the order is been processed. As auditors, conformation, insuring, and observing will help us detect such fraudulent activities. Many of Frank’s fraudulent activities are self-invented with no proof. Any types of additional look up will uncover the non-exist records. According to the fraud triangle, there are three reasons that led to Frank’s fraud. For opportunity, people smart as Frank can easily see the control weaknesses in a system. Such as the bank would keep issuing the payments without checking the balance. For rationalization, Frank was doing it to survive as a kid who ran away from home. For pressure, it is also the living pressure that he need to worry about primarily. A uniform represents someone’s identity and people could easily gain trust by wearing them. In this case, anything that could be utilizing on counterfeit identity needs certain levels of control activities. In today, such technique that Frank did will never let Frank get his way. With company’s database…

paid to the fund of funds manager. Portfolios on offer are small and hence is of advantageous to both large and smaller investors. 1) The required minimum investment is smaller for fund of funds compared to hedge fund. 2) Diversification results in lowering of risk 3) Negotiation for reduction of fees payment. 4) Analysis of investing portfolios may help in investing in good company portfolios 5) Agreements to get access to capacity of Hedge fund Types of Hedge Fund Investor Risk tolerance,…

In this assignment I will look at Rogers’ s six conditions and why they are considered necessary and sufficient for therapeutic change. I will also consider the implications of this theory for counsellor education. After a short amount of time studying Person Centred Counselling the understanding of how the six conditions are necessary and sufficient is starting to emerge and become a real part of my conscious actions and way of being. Each of the six conditions come with their own…

allows investors to hedge particular sources of risk more efficiently. 2. Securitization requires access to a large number of potential investors. To attract these investors, the capital market needs: 1. a safe system of business laws and low probability of confiscatory taxation/regulation; 2. a well-developed investment banking industry; 3. a well-developed system of brokerage and financial transactions, and; 4. well-developed media, particularly financial reporting. These characteristics are…

ID Number: 160026059 Tutorial Name and Code: Moral and Political Controversies PY1011 Tutor Name: Ravi Thakral Essay Question: Mill might object to Waldron’s anti-constitutionalism by saying that it increases the likelihood of a tyranny of the majority. Construct an objection along these lines on Mill’s behalf and discuss whether it successfully undermines Waldron’s position. Essay Title: A Sufficient, Mill-inspired response to Waldron’s Anti Constitutionalism I hereby declare that the…

due to the positive relation found between CSR and financial performance (Cochran & Wood, 1984; Weber 2008; Von Arx & Ziegler, 2008). This research attempt to further develop the framework of results that connects ESG practices and returns. By observing performance of mutual funds, this research has tried to create a direct link between company specific ESG activities and mutual fund returns. The concept of better performance for companies that follows ESG practices is at the base of the…

being someone else, but is not the same person. Furthermore, it is possible for an individual to have a memory of an action performed by another individual, in which they feel conscious of the mental state of the individual at the time of the memory. By Locke’s logic, this would mean the two humans in this scenario are in fact the same person. However, Locke would argue that this is not a memory, but a delusion – but offers no structured distinction between delusion and memory, which causes…

A Portfolio manager’s role in the mutual fund is to maximize the wealth of the investors, through investment of assets in stocks of corporations. Every citizen/corporation has a social responsibility towards the society in which he lives in. Similarly mutual funds have a responsibility towards the society in which it operates. By investing on companies, investors seek to promote the growth and development of the company in anticipation of good results. They thus play a role in promoting the…

Available-for-sale securities are any security not classified as a trading security or held to maturity security. These can either be debt or equity securities, however, the accounting is the same for each. An accountant must properly account and report these securities on the company's financial statements. Accountants revalue available-for-sale securities each year and have to report unrealized gains or losses. These unrealized gains or losses are reported as other comprehensive income. Plan…

Article Assignment 1 The article “Why Fund Ratings Could Be Misleading” relates mutual fund ratings to the loss aversion experienced by investors. Ratings companies such as Morning Star or Standard and Poor rate mutual funds with a one to five start rating system, with five being the highest. The rating each fund acquires reflects cost and risk adjusted historical performance. The article makes the case that the rating system does not take into account each potential investor’s loss aversion.…