Thursday, May 31, 2012

What are Roger Montgomery's Top 10 stocks?

Personal Finance Company - What are Roger Montgomery's Top 10 stocks?.
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How is What are Roger Montgomery's Top 10 stocks?

What are Roger Montgomery's Top 10 stocks? Video Clips. Duration : 9.52 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Peter Switzer asked Roger Montgomery to list his top 10 stocks that are the best value on the ASX. Whilst not all of them are A1s, they do share a common characteristic: the chance of these businesses making a surprise announcement about a capital raising, inability to repay debt or succumbing to liquidation or bankruptcy is very low. In fact, if any of these events were to occur, Roger Montgomery would be shocked. So what are Roger's top 10 value stocks? Watch this interview with Peter Switzer to find out. Switzer TV with Peter Switzer was broadcast on 26 August 2010 on the Sky Business Channel. Visit www.rogermontgomery.com forRoger Montgomery's step-by-step guide to valuing a company. www.switzer.com.au from Peter Switzer is an online portal for retail investors and small business owners, offering daily news and articles on small business and personal finance. Switzer also provides industry-leading Financial Planning and Business Coaching services.
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RICH vs. POOR: Secrets of the Millionaire Mind

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How is RICH vs. POOR: Secrets of the Millionaire Mind

RICH vs. POOR: Secrets of the Millionaire Mind Tube. Duration : 10.25 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Let me set you up with a FREE Wordpress blog at www.bradleywill.com Is your financial thermostat set for generating millions, thousands or zero? If you are looking to attract big money, you must be ready to accept it on the inside. You can do this by changing your financial blueprint that was given to you by understanding the different thinking between the RICH and the POOR. Buy Your copy on amazon now! www.amazon.com We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance. But if your money blueprint is not set for a high level of success, you will never have a lot of money - and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success. Buy Your copy on amazon now! www.amazon.com Follow me on TWITTER! twitter.com Add me on FACEBOOK! fb.com Mind of an Entrepreneur Blog: www.bradleywill.com # Millionaire Mind Intensive Wealth Seminar Peak Potentials Training is a success and wealth training company. www.millionairemind.com - 14k - Cached - Similar pages - Delete comment Comment by: Brad, - "" Edit # Millionaire Mind Preview Registration Secrets of The Millionaire Mind. "There is a secret psychology to money," says T . ... It's called The "Millionaire Mind, The ...
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Credit Suisse's Unusual Bonus Plan - Bloomberg

Personal Finance Company - Credit Suisse's Unusual Bonus Plan - Bloomberg.
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How is Credit Suisse's Unusual Bonus Plan - Bloomberg

Credit Suisse's Unusual Bonus Plan - Bloomberg Video Clips. Duration : 2.00 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . 2K Credit Suisse Employees Received Info on Plan, Company Did Not Take Bailout Money (Bloomberg News)
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Israel: The Electric Cars Project - part 1/5

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How is Israel: The Electric Cars Project - part 1/5

Israel: The Electric Cars Project - part 1/5 Video Clips. Duration : 9.83 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Shai Agassi is the founder and CEO of Project Better Place, a company focused on the early 21st century's biggest challenge - a scaleable and sustainable personal transportation system. In this role, Agassi works directly with governments, finance, automobile manufacturers and technology companies to install, scale, and operate a regional and global infrastructure necessary for electric vehicles. With a personal passion in solving large-scale social and environmental issues, Agassi believes in utilizing technology and capital markets to address the challenges of sustainability and climate change. With Project Better Place, he will manage the operation of international electric vehicle fleets by investing in, installing and operating countrywide charging infrastructures for electric cars, as well as working with partners to make the cars available.
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PAYDAY The Heist Levels & Classes Explained

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How is PAYDAY The Heist Levels & Classes Explained

PAYDAY The Heist Levels & Classes Explained Tube. Duration : 8.23 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Cmr explains the levels and classes behind PAYDAY The Heist
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Wednesday, May 30, 2012

Sex, Drugs, Rock and Roll - Tawfique Chowdhury

Personal Finance Company - Sex, Drugs, Rock and Roll - Tawfique Chowdhury.
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How is Sex, Drugs, Rock and Roll - Tawfique Chowdhury

Sex, Drugs, Rock and Roll - Tawfique Chowdhury Tube. Duration : 79.82 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . About the Speaker - Dr Tawfique Chowdhury is the Founder, Chairman and CEO of Mercy Mission. He started Mercy Mission through its first program -- AlKauthar institute in 2005. Since then, Mercy Mission has flowered into one of the world's fastest growing Muslim social enterprise. Dr Tawfique excelled in his Islamic studies both classically from the scholars of Medinah as well as graduating from the college of Shariah from the Islamic University of Medinah. He is also an experienced business professional having been a CEO of a multinational IT company and is also a practising medical doctor in Australia. He is also a corporate trainer and business coach to many successful people worldwide. Being a prolific speaker, Dr Tawfique has travelled internationally sharing his knowledge in many countries worldwide. He is well known for specialising in Islamic legal topics, particularly in Islamic finance, Personal law and Islamic Medical Ethics and his opinions in these matters are eagerly sought. He is also a well known media contributor on various TV Channels worldwide. When he is not busy attending patients at the hospital or teaching a seminar, he likes to catch up with Mercy Mission team members across the world. He is a father of 5 children and his hobby is spending time with them. Dr Tawfique is currently based in Gold coast, Australia www.mercymissionworld.org www.alkauthar.org
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Hade Libi - Ethiopians for Abay Dam - Tigrigna Song

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How is Hade Libi - Ethiopians for Abay Dam - Tigrigna Song

Hade Libi - Ethiopians for Abay Dam - Tigrigna Song Tube. Duration : 5.90 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Great Millennium Dam moves Ethiopia The Millennium Hydroelectric Power Project has officially started construction. Prime Minister Meles Zenawi vowed for all Ethiopians to be involved in what he calls "Ethiopia's contribution to the region": a 3.3 billion euro dam, fully financed by Ethiopia. Both positively and negatively, the launching of what is to be the largest dam on the African continent has moved Ethiopians all over the country. The central bank of Ethiopia issued bonds in order to raise funds for the construction of the Great Millennium Dam. The Labor Union of Sheraton Addis Hotel, one of the luxury facilities in the hospitality business of Ethiopia, announced that its members will buy bonds valued over 800000 birr. The union has over eight hundred members. Abreham Hagos, Head of Finance at the labor union told Capital that the members of the union will buy at least two bonds per head valued at five hundred birr each. "This project is one of the most valued milestones in the 21st century Ethiopia, it is a national call, and it needs national response" he said. In a related development, the workers of Adika Tour and Travel Plc have come to terms with the management of the company to withdraw some portion of their provident fund to buy a bond. The company has 91 staff members. Ashenafi Zeleke, General Manager at Adika Communications and Events, a sister company of Adika Tour and Travel, told Capital that workers at their companies will buy bonds worth 500000 birr ...
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The Owner's Paycheck - How to Get Paid From Your company

Personal Finance Company Llc - The Owner's Paycheck - How to Get Paid From Your company
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The form of possession that you select to operate your firm under will determine the formula in which you pay yourself a salary. Development this decision in the start up phase requires much explore and should be handled with care. We select our form of ownership, generally based on the potential tax consequence that we expect. Of course, our goal is to pay as little taxes as potential into the system, so the form of possession chosen helps to achieve this goal. There are clear advantages and disadvantages based on each formula available.
As a small business, many citizen survive from the wage from operations. But the key here is to remember to keep your firm and personal expenses separate. So the questions is, "How do I pay myself, and what impact does it have on my taxes?" Let's look at some of the ways a firm owner can pay themselves a wages from the wage of their business.
 
Sole Proprietors and Llcs
Taking money out your firm or paying yourself under these forms of ownership, the owner will be responsible for self-employment taxes on any profits that remain in the firm either withdrawn or not. Because this wage is not branch to withholding, the owner could also come to be responsible for Development estimated quarterly tax payments. The estimated tax payments will catalogue for both the self-employment tax along with wage tax. The self-employment tax is the equivalent of what an employer's payroll tax would be for Fica and Medicare. The disadvantage here would be that the owner is fully responsible for the entire tax, whereas corporations are not. The corporation is only responsible for half of the Fica taxes; public protection (12.4%) and Medicare (2.9%) tax; with the employee paying the other half. 
 
Many owners come to be confused because they believe that since they are paying the self employment tax, that they are not branch to any added taxation. This is not true. The money you withdraw from your firm is still branch to wage taxes and you must report this wage on your form 1040. The key point to remember here is that, although you are not branch to payroll taxes, you are still required to pay into the principles by way of self employment and wage taxes. The advantage here is the owner gets a deduction on its taxes for paying self employment taxes, where the owner of a corporation doesn't. For tax purposes you can elect to have your Llc taxed as a corporation, but be aware that Development this choice involves very complicated rules and regulations. It's best to stick with what makes sense for you.
 
Corporations
If you are established as this form of business, the cost to yourself would be made in the form of a wages straight through payroll. Under this method, you are branch to payroll taxes, which consist of wage (federal and state), and Fica (Social protection and Medicare). One of the key advantages of corporations is that the owners are not liable for self-employment taxes for profits retained in the business. As with Sole Proprietorships and Llcs, you saw that profits are taxed either paid out or retained in the business. However, a corporation will be branch to unemployment taxes for both federal and state. The employee does not share in this expense. So, the distinction here comes in the classification of a corporation being an entity cut off from its owners. Because of this, it has an entire distinct tax profile than the Sole Proprietor or the Llc. The corporation and its owners are taxed separately. Each must file its own tax form.
 
Deciding on your formula of cost simply comes down to how it must be reported for tax purposes. Take the time to do the explore so that you can select the best formula based on your company's profile.

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How is The Owner's Paycheck - How to Get Paid From Your company

We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company Llc. I hope you will get new knowledge about Personal Finance Company Llc. Where you possibly can offer easy use in your life. And most significantly, your reaction is Personal Finance Company Llc.Read more.. The Owner's Paycheck - How to Get Paid From Your company. View Related articles associated with Personal Finance Company Llc. I Roll below. I even have recommended my friends to assist share the Facebook Twitter Like Tweet. Can you share The Owner's Paycheck - How to Get Paid From Your company.

Bill Clinton - Arkansas Development Finance Authority And CIA Cocaine

Personal Finance Company - Bill Clinton - Arkansas Development Finance Authority And CIA Cocaine.
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How is Bill Clinton - Arkansas Development Finance Authority And CIA Cocaine

Bill Clinton - Arkansas Development Finance Authority And CIA Cocaine Tube. Duration : 13.78 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Bill Clinton BCCI Bank CIA Cocaine Money Laundering. A long time ago .......Activists seeking documentation that would support claims that the state of Arkansas was involved with money laundering on a massive scale may have found the missing link in their three year search. Documents obtained by the Arkansas Committee show that the Arkansas Development and Finance Authority, a Bill Clinton signature project, was involved in a highly questionable, and possibly illegal, sixty-million dollar deal in which ADFA borrowed 5 million dollars from a Japanese bank in order to buy stock in a Barbados insurance company. The stock was not registered with the Securities and Exchange Commission. The state of Arkansas was the lead investor in a deal which poured sixty million dollars through a Barbados company, Coral Reinsurance, which is currently under investigation by insurance regulators in New York, Pennsylvania, and Delaware as well as by Manhattan District Attorney Robert Morgenthau, lead prosecutor in the BCCI scandal. Additionally,the Ozark Gazette has recently been told that as a result of the release of the Coral documents the independent counsel, Kenneth Starr, is also investigating the deal. Persons involved in the deal, which began in 1987 and ended in 1991, include Bob Nash, then president of ADFA and now Personnel Director of the White House, Robert Rubin, then president of Goldman Sach's investment bank and now Secretary of the Treasury, and Maurice Greenburg, president ...
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How To Start a Business

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How is How To Start a Business

How To Start a Business Video Clips. Duration : 2.02 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from CINERUSS and more videos in the Planning a Start-Up Business category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com If you are ready for the risks and the work, take your passion to the next level and start your own business. To complete this How-To you will need: A business plan A budget Capital A name Your business structure An EIN, or Employer ID Number An accountant Business permits and licenses Insurance A location Equipment Russell Leavitt Step 1: Understand the risks Understand the risks associated with starting a business, and make sure you are prepared for the stress. Tip: Take business training courses to help you as your develop your business. Step 2: Develop a plan Write a business plan to use for financing and as a guide for running the business. Research the market to understand your competition and what running the business involves. Step 3: Develop a budget Estimate the potential start-up costs for your business, such as equipment, petty cash, and salaries. Finance these costs through personal savings, loans, government grants, and investors. Step 4: Choose structure Choose a name and structure for your business. Structures include sole proprietorship, partnership, LLC, corporation, non-profit, and cooperative. Step ...
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Tuesday, May 29, 2012

World's Worst Credit Card?

Personal Finance Company - World's Worst Credit Card?.
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How is World's Worst Credit Card?

World's Worst Credit Card? Video Clips. Duration : 1.60 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . Think you've got it bad with the fees your credit card charges you? Well try this: 7 up-front, for a 0 credit line... And that's not the worst of it!
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pro Corporations - Advantages and Disadvantages

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What is a pro corporation(Pc)?

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How is pro Corporations - Advantages and Disadvantages

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A Pc is a corporation owned and operated by one or more members of the same profession (e.g. Physicians, lawyers, accountants, dentists). The services provided by the corporation are commonly restricted to the custom of the profession.

Professional corporations are now allowed in every province and territory across Canada. In each province/territory, the pro regulatory body ordinarily determines either its members may incorporate. For example, the regulatory body for physicians, in all provinces and territories, allows physicians to incorporate.

How does it differ from a common corporation?

There are some primary differences in the middle of a pro corporation and a common

corporation such as:

Only members of the same profession can be shareholders of a pro corporation in many (but not all) provinces. The officers and directors of a pro corporation must commonly be shareholders of the corporation as well. The pro corporation is commonly field to the investigative and regulatory powers of the regulatory body governing the profession. A pro corporation will not safe a pro against personal liability for pro negligence.

As a result of these differences, some of the benefits commonly connected with a corporation may have a wee application for a pro corporation. This is added described below

Advantages of using a pro Corporation

Potential tax savings

A reduced federal and provincial corporate tax rate is applied on the first 0,000 of pro revenue earned by a pro corporation. Some provinces apply the reduced tax rate on revenue of up to 0,000. The provincial limit varies by province. For 2010, the combined federal and provincial tax on revenue field to the small business limit will range in the middle of approximately 11% and 19%. As a result of this lower rate, the combined corporate and shareholder taxes paid on pro services revenue is slightly lower than if such revenue were to be earned by you directly.

Potential tax deferral

Perhaps the most primary advantage of using a Pc is the potential to defer taxes. pro revenue earned through a corporation is taxed at two levels - once at the corporate level and then again at the shareholder level when the profits are distributed to you as dividend income.

Since revenue at the corporate level is taxed at a lower rate than your personal income, a tax deferral opportunity exists when the revenue is taxed in the corporation (at the lower rate) and is not distributed to the shareholder (i.e. You). The deferral ceases when a dividend is paid to you and you pay the tax on that dividend.

Let's illustrate. If you earn a pro revenue of 0,000 per year as a sole proprietor and only need 0,000 of pre-tax revenue for personal expenses, you will be left with 0,000 that will be taxed at the highest marginal rate. Assuming a marginal tax rate of 47%, you will be left with 9,000 to invest.

On the other hand, if you incorporate the practice, the 0,000 will be left in the corporation and taxed at the small business rate. Assuming a corporate tax rate of 18%, the corporation will be left with 4,000 to invest.

That's ,000 more.

Sole proprietor pro corporation

Income 0,000 0,000

Personal needs (0,000) (0,000)

Remaining funds 0,000 0,000

Taxes (,000) (,000)

Net funds 9,000 6,000

Additional funds in the

professional corporation ,000

The added funds in the corporation may be used to pay off debt, purchase capital assets, secure investments or fund an insurance policy

Flexible laborer benefits

As an laborer of a pro corporation, you can entrance obvious types of laborer benefits that would otherwise not be available if you were a sole proprietor or a partner in a partnership. For example, the corporation can organize an private Pension Plan (discussed later on) or a withdrawal compensation Arrangement (Rca) for you. These withdrawal savings vehicles can also furnish you with potential creditor-protection benefits. An laborer health and welfare trust can also be created to furnish health benefits for you and your family.

Capital gains exemption

The Canadian tax rules permit that up to 0,000 in capital gains arising from the sale of the shares of a superior small business corporation may be exempt from tax. This 0,000 capital gains exemption is also available for shares of a pro corporation, provided obvious conditions are met. However, the proprietary of a pro corporation may not be as beyond doubt transferable since, in many provinces, it can only be transferred to members of the same profession.

Flexibility in remuneration

You can choose to receive a blend of wage and dividends from a pro corporation. The decision is based on the combined corporate and shareholder taxes paid in your province of residence.

Limited commercial liability

A pro corporation does not commonly safe you from personal liability for pro negligence. Any way shareholders of a pro corporation will have the same safety as other corporate shareholders when it comes to trade creditors.

Income splitting

You can split revenue through a corporation by paying dividends to adult house members who are shareholders of the corporation. This strategy may be less applicable to pro corporations situated in provinces where share proprietary is restricted to members of a singular profession. Any way other revenue splitting strategies, such as hiring house members to work in the business and paying them a inexpensive wage for services rendered, are still available through a pro corporation.

Multiple small business deductions

As a result of a Canada revenue department (Cra) ruling, it is potential for professionals operating through a pro partnership to render their services through a pro corporation and be able to entrance multiple Small business Deductions (Sbds).

Income earned up to the Sbd limit of 0,000 is field to a preferential tax rate (some provinces have a higher Sbd). Historically, the Sbd had to be shared among all corporate partners. Given Cra's new ruling, professionals currently operating as a partnership should reconsider the benefits of setting up a pro corporation to take advantage of multiple Sbds.

Individual pension plan

An private Pension Plan (Ipp) is a defined advantage pension plan that a pro corporation can set up for the professional. The Ipp provides good annual contributions than Rsp limits for those over 40. Assets in an Ipp are protected from creditors; however, they may be field to locking-in provisions while retirement. If you would like more facts on Ipps, please consult your advisor.

Disadvantages of a pro Corporation

Costs and complexity

The costs for establishing and maintaining a Pc are ordinarily higher than those of a sole proprietorship. Also, a pro corporation will incur more costs to file a corporate tax return, get ready T4 slips for salaries and T5 slips for dividends. A corporation is also field to greater regulation and compliancy than a sole proprietorship or partnership.

Employer health tax and Ei premiums

Corporations in some provinces have to pay a provincial health tax levy once the corporate payroll has exceeded a obvious threshold. Fortunately the basic whole you are not taxed on is fairly high (e.g. 0,000 in Ontario) so the impact of this tax on pro corporations may not be that significant.

Business losses

You cannot claim business losses incurred by a Pc on your personal tax return; whereas, in a sole proprietorship, you may use the business losses to offset your personal revenue from other sources.

Liability for malpractice

As mentioned above, a pro corporation will not safe you from personal liability for pro negligence.

Who should use a pro corporation?

A Pc can furnish potential tax savings and tax deferral benefits. This may petition to you if you do not wish all of your revenue to live on. pro corporations may also petition to you if you wish to save for your withdrawal through alternative means, such as a pension plan or withdrawal compensation arrangement, or if you would like to limit your personal exposure to commercial liability.

Before incorporating, you should reconsider the cash-damming strategy, which converts all your non-deductible personal debt into tax-deductible business debt. Find out more
If you have questions on any of the issues discussed in this article, please speak with your advisor.

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trucking company tips - a letter from a driver and my comments

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康業信貸快遞10分鐘電視專訪:「借借你的愛」 《侯小姐業主Sunny 夫婦》

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Human resource data system - Hris

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Human resource information Systems

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The purpose of this paper is to identify other clubs who have faced similar human resources issues in regards to information technology. Straight through benchmarking dissimilar clubs we can learn how other clubs have handled positive human resources issues linked to information technology, information systems, new technology, and data security. An extensive prognosis has been completed using study on Ibm Europe, Ameriprise Financial, Terasen Pipelines, Shaw’s Supermarkets, Cs Stars Llc, Ibm, Worksource Inc., and Toshiba America curative Systems, Inc. This paper also includes eight synopses of clubs facing similar issue to those in the reading.

New Technology

With the changing world and constant new technology that is available, managers need to be aware of the technology that will growth effectiveness in their company. Human resource information systems (Hris) have increasingly transformed since it was first introduced at normal electric in the 1950s. Hris has gone from a basic process to turn by hand information retention systems into computerized systems, to the Hris systems that are used today. Human resource professionals began to see the possibility of new applications for the computer. The idea was to combine many of the dissimilar human resource functions. The result was the third generation of the computerized Hris, a feature-rich, broad-based, self-contained Hris. The third generation took systems far beyond being mere data repositories and created tools with which human resource professionals could do much more (Byars, 2004).

Many clubs have seen a need to transform the way Human resource operations are performed in order to keep up with new technology and addition numbers of employees. Terasen Pipelines moved its headquarters from Vancouver to Calgary to be closer to the oil and realized a major growth in employees. In the past recording retention was done on paper and with spreadsheets. Mangers at Terasen realized that there was a need to turn to a more computerized ideas and looked into dissimilar Hris vendors. By manufacture the move to a Hris system, Terasen is able to keep more strict records as well as good get ready for future growth. another firm that saw the benefits of retention up with new technology is Worksource Inc. To meet the challenge of handling 100 new employees, Worksource Inc. Acquired Web-based technology programs from Ghg Corp. Like electronic pay stub, electronic timesheet software, time-off system, and human resource information ideas (“Tips,” 2006). By adapting these new programs, Worksource was able to sacrifice waste and cost.

The Internet is an increasingly favorite way to recruit applicants, study technologies and perform other valuable functions in business. Delivering human resource services online (eHr) supports more effective collection, storage, distribution, and replacement of data (Friesen, 2003). An intranet is a type of network used by clubs to share information to citizen within the organization. An intranet connects citizen to citizen and citizen to information and knowledge within the organization; it serves as an “information hub” for the whole organization. Most organizations set up intranets primarily for employees, but they can enlarge to firm partners and even customers with suitable security clearance (Byars & Rue, 2004).

Applications of Hris

The efficiency of Hris, the systems are able to produce more effective and faster outcomes than can be done on paper. Some of the many applications of Hris are: Clerical applications, applicant crusade expenditures, risk management, training management, training experiences, financial planning, turnover analysis, succession planning, flexible-benefits administration, yielding with government regulations, attendance reporting and analysis, human resource planning, emergency reporting and stoppage and strategic planning. With the many dissimilar applications of Hris, it is difficult to understand how the programs benefit clubs without seeing at clubs that have already benefited from such programs.

One such firm is Ibm. Ibm has a paperless online enrollment plan for all of its employees. Not only has the online enrollment saved the firm 1.2 million per year on printing and mailing costs, the employees enjoy working with the online plan. "Since we began contribution online enrollment, we've learned that employees want web access," Donnelly [Senior Communications Specialist] says, so they can log on at home rather than Straight through the firm intranet. So the firm has been working to put in place a web-based enrollment ideas that employees and retirees can entrance from in any place (Huering, 2003). By utilizing the flexible-benefits application Hris has to offer, Ibm was able to cut costs and give employees the freedom to inspect their benefits on their own time and pace.

Another firm that has taken benefit of Hris applications is Shaw’s Supermarkets. In order for Shaw’s to good carry on its workforce, the firm decided it was time to centralize the Hr operations. After seeing at dissimilar options, Shaw’s decided to implement an employee Self service (Ess) system. The use of self-service applications creates a positive situation for Hr. Ess gives Hr more time to focus on strategic issues, such as workforce management, succession planning, and payment management, while at the same time enhancing service to employees and managers, and ensuring that their data is accurate. With this solution, employees have online entrance to forms, training material, benefits information and other payroll linked information (Koven, 2002). By giving employees entrance to their personal information and the quality to modernize or turn their information as needed, Hr was given more time to focus on other issues. insight the dissimilar applications Hris has to offer will give clubs the opportunity to growth employee efficiency and sacrifice costs.

Measuring the Effectiveness of Hris

The assessment should conclude either or not the Hris has performed up to its expectations and if the Hris is being used to its full benefit (Byars & Rue, 2004). One of the most valuable challenges faced by collective personnel executives today is measuring the execution of their human resources information ideas (Hris) In order to by comparison the value-added contribution of the Hris to accomplishing the organization's mission (Hagood & Friedman, 2002). Implementing an Hris program may seem a valuable stem for a company, but unless it will be an effective tool for Hr operations, it will not help growth efficiency and may hinder it instead.

One firm that implemented a Hris ideas is Toshiba America curative Systems, Inc. (Tams). Tams put all employee benefits information online and created an open enrollment choice when Tams changed healthcare providers. Approximately immediately upon rolling out the UltiPro portal [new Hris technology] to employees, Tams began seeing improvements, with an estimated 70% growth in open enrollment efficiency (Wojcik, 2004). By determining the efficiency of the new program, Tams was able to comprehend the benefits of the new Hris system.

Security of Hris

The privacy of employee information has come to be a major issue in recent years. With identity theft becoming a base problem, employees are becoming more sensitive about who sees their personal information, and the security it is kept in. By manufacture sure employee information that is kept in the Hris is relevant to the firm and manufacture sure there is diminutive entrance (password protection) to such information, clubs can make its employees more accumulate with the security of their information. either electronic or paper, employee files deserve to be treated with great care. Establishing security and end-user privileges calls for a balance of incorporating, Hr policy, ideas knowledge and day-to-day operations (O’Connell, 1994).

One firm that faced a major security issue was Cs Stars, Llc. Cs Stars lost track of one of its computers that contained personal information that included names, addresses and collective security numbers of workers payment benefits. The bigger question was that Cs Stars failed to wise up the affected consumers and employees about the missing computer. Though the computer was retrieved and no information seemed to have been harmed, many employees lost their sense of security with the company. New York's information security Breach and proclamation Law, effective in December 2005, requires businesses that avow computerized data which includes secret information to wise up the owner of the information of any breach of the security of the ideas immediately following discovery, if the secret information was, or is reasonably believed to have been, acquired by a man without valid authorization (Cadrain, 2007).

Another firm that experienced a breach in security is Ameriprise Financial. In late 2005, a computer that contained personal information on clients and employees was stolen. Because many of the employees at Ameriprise take their computers between work and home, the firm determined there was a need to put more security into those computers. Ameriprise made sure all employees had the new security suite installed on their computers. By responding swiftly to the need for more security, Ameriprise made sure all information is being kept secure. manufacture sure employees information is kept as accumulate as inherent there will be more trust in the firm and the Hr employees working with that information.

Conclusion

Ibm, Terasen Pipeline, Cs Stars Lcc, and Toshiba America curative Systems, Inc. Are good examples of clubs facing issues similar to human resources information technology and human resources information systems. All of these clubs know the importance of new technology, human resources information systems, and data security. The remainder of this paper provides synopses of more clubs facing human resources issues, how the firm responded to the issues, and the outcomes of the company’s responses.

Companies Benchmarked

Ibm Europe

The Situation:

Ibm is a global society contribution research, software, hardware, It consulting, firm and management consulting, ring and financing. It employs around 340,000 people, speaking 165 languages over 75 countries, and serving clients in 174 countries. In January 2007, Ibm established a cut off “new media” function within its corporate transportation department. Ibm main goal is to educate, support, and promote programs that apply collective media. Ibm Europe decided to progress internal transportation by blogging guidelines. The recognition was that blogging was already happening among Ibmers, just in an unregulated way. In a similar way, institutionalizing a function to deal specifically with new media is not a corporate move, or establishing from scratch. It’s a response to the issues already emerging in the company. Now that those technologies are here, citizen are using them, they’re growing and there here to stay-we’re just going to put some buildings around them so that we can try to optimize their use.” The users conclude what technologies they want to use and how they want to use them. That main idea is that Ibm understands that they must remember to respect the fact that collective media are social. Ibm had the need to join together its 340,000 global employees more effectively.

The Response:

Ibm’s intent around collective media has now been officially formalized. From January 22 2007, the firm established a cut off “new media” function within its corporate transportation department. “Its remit: To act as master consultants inside and outside Ibm on issues relating to blogs, wikis, Rss and other collective media applications. The main idea is to educate, retain and promote programs that apply these tools. Ibm has a history of being a t the forefront of technology based corporate communication. From the multimedia brainstorming “WorldJam” that made news headlines back in 2001 in which 50,000 employees worldwide joined a real time, online idea-sharing session about the company’s direction. Imb has all the time prepared itself to use breakthrough technologies to originate a two-way dialogue with its employees. The need for collective media was valuable and could no longer wait.

The Outcome:

In the last few years Ibm has been recognized as being the vanguard of social-media use: Ibm was on of the first Fortune 500 clubs to get behind collaborative wikis, published internal blogging guidelines as far back as 2003, and is now appealing fast beyond Rss and podcasts into videocasting and “virtual world” technologies like Second Life. The intranet crusade premise extends to all areas of the site, along with new media aspects. When an employee logs onto their portal an executes a key word search, the results they get back not only come from the main intranet pages, but contain results from Ibm forums, wikis, blogs and podcast/videocasts tags. Imb has an insight that employees are no longer staying in a firm their whole lives. It’s just not like that any more. In Belgium for example over 50 percent of 2,300 employees have been there fewer than five years. The firm has come to the closing that with an increasingly young and mobile workforce, the likelihood is that an employee citizen full of a younger generation, for whom these tools are part and parcel of life, is not that far away. In years to come Ibm will have to deal with employee base for which blogging is just the natural way to interact over a web platform. Ibm has created centralized platforms for most tools that fall under its remit, which includes wikis. For Philippe Borremans, new media lead Europe for Ibm, has the inherent firm applications of a wiki cover two broad benefits: Collaborating and knowledge sharing. Ibm has scored some celebrated successes on both fronts in the near 5000 wiki pages now up and running in the organization. The firm has been a huge pick-up in interest in podcasting over the last 18 months writing can seem such a technical skill, whereas citizen feel they can talk more freely than they can write. One of the most consistently favorite Ibm podcasts, with over 20,000 downloads a week.

Ameriprise Financial

The Situation:

The agency of Justice inspect estimates that 3.6 million U.S. Households were victims of identity theft in 2004. Trafficking in personal date goes beyond U.S. Borders: the New York Times reports that stolen financial information is often distributed among participants of online trading boards, and the buyers are often placed in Russia, Ukraine, and the Middle East. One theorize clients are concerned about data security is the extensive publicity generated by breaches at financial services firm. In late December 2205, an Ameriprise Financial employee’s laptop that contained unencrypted data on Approximately 230,000 customers and advisors was stolen from a car. Other financial services firm, along with Citigroup and Bank of America, also answer large-scale customer data losses in 2005. President of Ncs, Rita Dew, a yielding consulting firm in Delray Beach, Florida, says that the Securities and replacement Commission requires speculation advisors to have policies and procedures that address the administrative, technical, and corporal safeguards linked to client records and information.

The Response:

Ameriprise Financial had to fight back and had to implement “layers of protection.” It is prominent for employees who their former firm computer, and employees ordinarily transport the computer between home, office, and meeting sites. The vulnerability of this arrangement and the need for a security software program is much needed.

The Outcome:

Employees who are transporting lab tops should setup the Steganos security Suite on their computer. This software allows employees to generate an encrypted virtual drive on the laptop that serves as data warehouse safe. Employees shop all client linked data and tax preparing software database on the encrypted drive, which employees has set up with one gigabyte of warehouse space. The best thing is that when an employee turns off the computer the information is stored “safe”, the software automatically encrypts the virtual drive’s data. The software also generates encrypted backup files, which employees store on Cds in a fireproof safe. This should keep the data accumulate if any employee’s laptop is stolen or if the drive is removed from the laptop. Other financial advisors are relying on encryption both in and out of the office. Other programs that are being used to protect client’s information are Raid Level 1 ideas to store data on the drives that are encrypted with WinMagic’s SecureDocs software. Encryption ensures that whatever who steals the computer will be unquestionably unable to read the data, even by connecting it to another computer as a “slave drive. This has given many financial advisors the most peace of mind.

Terasen Pipelines

The Situation:

Terasen Pipelines is a subsidiary of Terasen Inc. placed in Vancouver, Canada and is placed in several provinces and U.S. States. In 2001 the firm changed its headquarters to Calgary to be closer to the oil. With the big move, the firm went Straight through a growth spurt. With the firm in many dissimilar locations and the growing numbers of employees, the Hr agency saw a need to find a new ideas to keep more strict records.

The Response:

In the past Terasen had kept records on paper and with spreadsheets and with the growth of the company, this ideas does not work as well as in the past. In order to compensate for future growth, Terasen began to look into Hris clubs to help with the Hr operations. After researching dissimilar companies, Hewitt’s application service provider model with eCyborg was found to be the right fit.

The Outcome:

Although there was difficulty adapting to a new way of recordkeeping, Terasen was able to find a ideas that will help retain the current and future growth of the company. Fortunately, some of the Hr staff had feel working with an Hris and were able to help their colleagues fantasize new processes, as aided by a system. One theme often voiced throughout this process was: "You guys don't know how hard we're working when we can make it so much easier with a ideas that could do a lot of this for us. You don't all the time have to run to the cabinet for the employee file just to get basic information. It can all be at your fingertips." (Vu, 2005). In order to help Terasen ease the Hr burden of implementing a new Hr system, the management of Terasen was convinced to look for a vendor to help implement and avow a Hris system. This ideas has helped Terasen good get ready for current and future growth.

Shaw’s Supermarkets

The Situation:

Shaw’s Supermarkets is the second largest supermarket chain in New England. With a workforce of 30,000 placed at 180 shop throughout six states, Shaw's Hr staff is responsible for managing employees' personal data. Their employee mix includes Approximately 70 percent part-time employees, consisting of students, senior citizens, second-job part-timers, and work part-timers. One third of the workforce is made up of union associates, and Shaw's staff oversees the company's involvement with three unions and six cut off contracts (Koven, 2002). In order to help carry on the workforce, the Hr staff became concerned in centralizing its Hr operations.

The Response:

In order to centralize Hr operations Shaw’s decided to implement an Ess (employee self-service) solution. The use of self-service applications creates a positive situation for Hr. Ess gives Hr more time to focus on strategic issues, such as workforce management, succession planning, and payment management, while at the same time enhancing service to employees and managers, and ensuring that their data is accurate. With this solution, employees have online entrance to forms, training material, benefits information and other payroll linked information.

The Outcome:

Shaw’s has had positive feedback since implementing the Ess solution. "The reaction from our employees has been extremely positive," Penney, Vp of payment and Benefits, says. "We even had a valuable growth in our curative coverage costs, and it was Approximately a non-issue because the online enrollment featured the plan choices, the employee cost, and the firm subsidy. An employee self-service application makes it very easy for them to understand their contributions and coverage options. I received several e-mails from employees saying this was a great turn and how easy Ess was, which the case is not often when employees are choosing their benefit options." (Koven, 2002). By giving the employees more entrance to their information they are able to see the benefit choices available to them. Employees are also able to modernize their information online, which helps sacrifice the paperwork of the past. Shaw’s has also seen improvement in productivity because employees are updating information at home, not while work hours.

Cs Stars, Llc

The Situation:
New York Attorney normal Andrew Cuomo has announced that New York State has reached its first village with a firm expensed with failing to wise up consumers and others that their personal data had gone missing. Cuomo’s office, which enforces the state’s 2005 information security Breach and proclamation Law, expensed Cs Stars Llc, a Chicago-based claims management company, with failing to give consideration that it had lost track of a computer containing data on 540,000 New Yorkers’ workers’ comp claims.

The Response:

The owner of the lost data, which had been in the custody of Cs Stars, was the New York special Funds Conservation Committee, an society that assists in providing workers’ comp benefits under the state’s workers' comp law. On May 9, 2006, a Cs Stars employee noticed that a computer was missing that held personal information, along with the names, addresses, and collective security numbers of recipients of workers’ payment benefits. But Cs Stars waited until June 29, 2006, to wise up special Funds and the Fbi of the security breach. Because the Fbi declared that consideration to consumers might impede its investigation, Cs Stars waited until July 8, 2006, to send notices to the 540,000 New Yorkers affected by the breach. On July 25, 2006, the Fbi determined an employee, of a cleaning contractor, had stolen the computer, and the missing computer was placed and recovered. In addition, the Fbi found that the data on the missing computer had not been improperly accessed.

The Outcome:

New York's information security Breach and proclamation Law, effective in December 2005, requires businesses that avow computerized data which includes secret information to wise up the owner of the information of any breach of the security of the ideas immediately following discovery, if the secret information was, or is reasonably believed to have been, acquired by a man without valid authorization. The law affects not only businesses in their dealings with their customers, but employers in their role as custodians of employees’ personal data. (Cadrain)

Without admitting to any violation of law, Cs Stars agreed to comply with the law and ensure that permissible notifications will be made in the event of any future breach. The firm also agreed to implement more extensive practices relating to the security of secret information. Cs Stars will pay the Attorney General’s office ,000 for costs linked to this investigation. (Cadrain)

Ibm

The Situation:

Ibm's paperless online enrollment system, introduced in 1999, has proved to be a winner for both the company's 135,000 active U.S. Employees and the company, according to Cathleen Donnelly, senior communications master at firm headquarters in Armonk, N.Y. The firm saves .2 million per year on printing and mailing costs alone, Donnelly says, and the employees’ can take benefit of a range of technologies to learn about issues, study program information and entrance decision retain tools from their desktop computers. (Heuring, 2002)

The Response:

One of those tools, a personal curative cost estimator, enables employees to theorize inherent out-of-pocket condition care expenses under each of the plan options available to them, Donnelly says. Employees log in personally and are greeted by name and with prominent information with regard to their benefits enrollment, such as the deadlines and when changes take effect. They automatically get entrance to condition plans that are available to them, and the calculator lets them correlate estimated benefit amounts for each plan.

"Employees can settle on the condition care services they expect to use in a particular year, assessment thinkable, frequency of use, and theorize inherent costs under each plan option," Donnelly says. "The feedback that we've received from employees tells us that this tool has unquestionably helped them to make a comparison between plans based on how they consume curative services." The calculator shows both Ibm's costs and the employee's. (Heuring, 2002)

The Outcome:

"Since we began contribution online enrollment, we've learned that employees want web access," Donnelly says, so they can log on at home rather than Straight through the firm intranet. So the firm has been working to put in place a web-based enrollment ideas that employees and retirees can entrance from anywhere.

Employees can get overview information on the plans, drill down into very specific details and result links to the condition care providers for research. Donnelly says the ideas has received high marks for convenience because employees can "get in and out quickly."

Worksource Inc.

The Situation:

To meet the challenge of handling 100 new employees, Worksource Inc. Acquired Web-based technology programs from Ghg Corp. Like electronic paystub, electronic timesheet software, time-off system, and human resource information ideas (“Tips,” 2006). These tools enabled Ceo Judith Hahn to handling payroll procedures efficiently and effectively.

The Response:

Worksource has eight workforce centers, with Approximately 108 employees, placed throughout a six-county region. Previously, payroll, benefits, and human resources for those employees were processed and managed by a professional manager Organization. The firm also has 52 menagerial staff in its headquarters office. When the ageement with the Peo terminated on June 30, 2006, those 108 employees were immediately moved to the payroll of Worksource, which meant Hahn’s workload more than doubled effective July 2006 (“Tips,” 2006).

Hahn, in an interview with Pmr, said she relied on Lean to help get a cope on what needed to turn for her to carry on the increased workload. Two years earlier, Hahn’s Ceo had introduced her to Lean, a Japanese management opinion of eliminating wasteful steps and request for retrial when completing processes. “I began to read as much as inherent about Lean and joined an Hr Lean focus group” (“Tips,” 2006).

The Outcome:

Mastering the concepts of Lean led Hahn to originate and apply her own acronym of “Reason” to her department’s payroll and Hr processes. describe the process: map payroll tasks from start to finish. Eliminate waste: conclude how to faultless a payroll task most efficiently without unnecessary steps. Analyze alternatives: study and evaluate the applicability of new technology. Sell innovations to management: document the return on speculation of each innovation. Open the lines of communication: describe openly—and often—with all stakeholders, along with employees and top management. Never allow negativity: make turn uncomplicated and fun. Give employees abundance of encouragement and time to learn (“Tips,” 2006). Judith Hahn was able to implement the right human resource functions using information systems.

Toshiba America curative Systems Inc.

The Situation:

Lynda Morvik, director of benefits and human resources information systems at Tustin, California-based Toshiba America curative Systems Inc. (Tams), opinion it would make sense to add a benefits transportation component to it. By having all the benefit information online, the Tams employee handbook would also be a living document, enabling Morvik to make changes when necessary. Such was the case halfway Straight through the project, when Tams changed condition care plans from Aetna Inc. To United condition Group Inc (Wojcik, 2004).

The Response:

Tams, an independent group firm of Toshiba Corporation and a global prominent provider of diagnostic curative imaging systems and extensive curative solutions, such as Ct, X-ray, ultrasound, nuclear medicine, Mri, and information systems, had been using a payroll service bureau and an in-house explication for Hr that didn't contain easy-to-use consolidated reporting or an employee portal. After evaluating UltiPro alongside several firm resource vendors, Tams premium greatest Software's contribution and went live in September 2002 after an on-time and on-budget implementation. Approximately immediately upon rolling out the UltiPro portal to employees, Tams began seeing improvements, with an estimated 70% growth in open enrollment efficiency (Wojcik, 2004).

The Outcome:

In an endeavor to progress the usage of the Web beyond the benefits enrollment process, Tams has posted a library of documents and forms on its Hr portal, along with the benefits handbook, which garnered a 2004 Apex Award for publication excellence. That same year, firm guarnatee magazine also gave Tams the Electronic benefit transportation (Ebc) award for superior achievement in communicating employee benefits programs over the Web. To continue elevating its use of greatest Software's Hrms/payroll solution, Tams modified the UltiPro portal to meet the imaging company's unique needs (Wojcik, 2004). It was thoroughly integrated with several possession applications created to address payment and execution management issues so that Tams employees have a central location for extensive workforce and payroll information from a Web browser that they can entrance with a particular sign-on (Wojcik, 2004).

References

Byars, Lloyd L. & Rue, Leslie W. (2004). Human resource Management, 7e. The McGraw-Hill Companies.
Cadrain, Diane (2007). New York: firm Settles Data Breach Charges. Retrieved June 3, 2007 from [http://www.shrm.org/law/states/Cms_021505.asp#P-8_0]
Clarifying Ibm’s Strategic mission for collective media (2007). Strategic transportation
Management. Retrieved June 1, 2007 from
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Friesen, G. Bruce (2003). Is your client ready for eHr? Consulting to Management, 14(3), 27. Retrieved June 3, 2007 from ProQuest Database.
Hagood, Wesley O. & Friedman, Lee ( 2002). Using the balanced scorecard to measure the execution of your Hr information system. collective Personnel Management, 31(4), 543-58. Retrieved June 3, 2007 from ProQuest Database.
Heuring, Linda (2003). Ibm: Laying Outing Enrollment Options. Retrieved June 2, 2007 from [http://www.shrm.org/hrmagazine/articles/0803/0803heuring_paperless.asp]
Koven, Jeff (2002). Streamlining benefit process with employee self-service applications: A case study. payment & Benefits Management, 18(3), 18-23. Retrieved June 2, 2007 from ProQuest Database.
O’Connell, Sandra (1994). security for Hr records – human resources. Hr Magazine. Retrieved June 3, 2007 from [http://findarticles.com/p/articles/mi_m349] 5/is_n9_v39/ai_16309018
Protecting Client Data (2006). Financial Planning. Retrieved June 1, 2007 from

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&Vname=Pqd.
Tips on Using Technology to Streamline Payroll Processes – and Cut Costs (2006). Payroll Managers Report, 6(10), 1-9. Retrieved June 2, 2007 from Ebscohost Database.
Vu, Uyen (2005). Contracting out Hris easy call at Terasen Pipelines. Canadian Hr Reporter, 18(4), 5-9. Retrieved June 2, 2007 from ProQuest Database.
Wojcik, J. (2004). Toshiba employee Handbook Goes Online. firm Insurance, 38(49), 18.
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significance Of Transparency In Financial Reporting

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No one can ignore the significance of transparency in financial reporting, because citizen make big decisions with regard to the investments based on financial reporting. Every investor wishes that he should be able to get more, best and transparent data about the financial data of the company. In fact, it is the capability of report, which helps investors in making safe bet investment decision. Irony is that some companies put in order financial reports, which are the tools for giving insight to the investor, in such a way that rather than providing required data correctly they skillfully hide the facts. It is advisable to the investors that those companies who do not understand the significance of transparency in financial reporting should be avoided. making investments in such companies is more risky and less valuable.

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How is significance Of Transparency In Financial Reporting

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Meaning Of the Word Transparent;
Before discussing significance of transparency in financial reporting, let us first understand what the word transparent means. The best definition of transparent in firm circles is financial statements of high quality. There are so many definitions in the dictionary. However, the relevant here are "very clear," "easily understood," "candid" and "frank."

Let us understand the significance of transparency in financial reporting with the help of an example. Think of two companies having similar financial leverage, market capitalization and full, market risk exposure. Take for granted that the earnings, increase rate of wage and Return On Capital (Roc) is also same. They have only one divergence and that only divergence is very crucial for the market analysts. First firm is running only one firm and the financial reporting is easy to understand. On the contrary, second firm is complex in running some types of businesses and has complex financial reporting. Now you would like to prefer making investment in which company. Chances are more that experts will favor the first firm because of simplicity and transparency in financial reporting.

Companies, that understand the significance of transparency in financial reporting, are also well informed about the science of mind of the investors. A complex and opaque financial reporting gives no idea about the true risks complex and real fundamentals of the company. Here is a straightforward example of this. An important indicator of hereafter increase of a firm is how it has invested the money. When after going straight through the financial reports, you cannot find any concrete data with regard to the investments made by the firm because of so many holding companies, and then evaluating investments becomes difficult. Obscure statements also hide the level of debt, thereby also hiding if the firm is on the brink of bankruptcy.

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