The First Principle Of Buddhism - 827 Words

Name Instructor Course Date Philosophy Question 1 Buddhism contains a number of ethical principles that are used to determine if something is permissible or not. The first principle of Buddhism involves the mental state while the second one refers to the physical actions. Consequently, an application of the Buddhist principles would demonstrate the practices that Americans are engaging in that are harming themselves. The first action involves suicide. An increasing number of Americans are committing suicide due to the anxiety and rising cases of depression. The action is evident among both young and old Americans. The activities are a major pointer of the inability of Americans to achieve personal fulfillment in spite of the tremendous†¦show more content†¦In fact, all these three actions are interrelated because the third activity often leads to the second one. In that case, the second activity could lead to the extreme act of suicide if they fail to get adequate health. Question 2 The Buddhist religion has ten moral tenets that are negatively listed while Christianity has Ten Commandments that are adequately linked to the society. Both religions prohibit against the action of taking the life of another human being or coveting the things of another person. In addition, they both caution against acting with malice towards another person. However, Buddhism has a more practical aspect since it promotes the adoption of activities that are necessary for improved human existence. In contrast, the Ten Commandments have godly aspects that emphasize the importance of respecting God. However, both sets of commandments can be summarized by the need to act towards others and the need to love others as they love themselves. Moreover, they all emphasize the importance of contentment. The inability to feel comfortable with one’s status in life is the root of most acts of evil. In spite of the differences, both sets of commandments demonstrate a desire for a more enlightened existence that demonstrates a strong understanding and respect for other human beings. However, it is clear that the Buddhist religion is more concerned with the value of human

Greek to Roman Architecture - 544 Words

When shown iconic pictures of the Parthenon and the Colosseum, most people automatically know which building is Greek and which is Roman, However, show them pictures of the Forum of Trajan, the Pantheon, or the Agora, and they will be flipping coins trying to guess which is Roman architecture and which is Greek architecture. It is one thing being able to identify which building belongs to which civilization, it another being able to distinguish the subtle style changes within each mega structure. Very similar to a textbook and essay, Greek architecture is like a textbook, and the Romans used the textbook to write an essay. Although not completely copied or â€Å"plagiarized† the foundation of Roman architecture is founded on Greek architecture. With the help of the Etruscan and Roman ingenuity, the Romans were able to take Greek architecture to a whole new level and call it Roman architecture. Greek architecture has been commonly looked at as the building of democracy, often t ime people associate the post-and-lintel building element with the Greeks. However, the Romans used post-and-lintel system in their architecture too. One of the ways of distinguishing which building belongs to which civilization, is simply looking at the style of columns used. There are three post-and-lintel styles, Doric, Ionic, and Corinthian. The Greeks mainly used Doric and Ionic columns in their architecture. â€Å"The Parthenon is often viewed as the embodiment of Classical Doric architecture† (97). TheShow MoreRelatedRoman Architecture : Greek Architecture1345 Words   |  6 PagesRoman architecture was a very large part of Roman culture. Architecture in Rome was not solely created by the Romans, but was influenced greatly by other cultures such as the Greeks and the Etruscans.This is demonstrated by the examples of other civilization’s architecture within the Roman Empire.The combination of the cultures led to new types and styles of architecture, helping to c reate a style of Roman architecture which showed influences of Greece and the Etruscans. Roman architecture has itsRead MoreHistory Of Roman And Greek Architecture1518 Words   |  7 PagesRoman and Greek architecture is something to be revered. It is fascinating that people lacking the advanced technology we have today could create monuments of such magnitude and perfection. Commonly, these temples were built to worship and honor deities, and so they must be built pristine. Although the Romans sometimes cut corners when it came to materials in order to remain economic, they definitely didn’t cut any when it came to scale and appearance. Many early civilizations recycled styles andRead MoreThe Influence of the Greeks and Romans on Architecture894 Words   |  4 PagesIntroduction â€Å"Architecture should speak of its time and place, but yearn for timelessness.† (Gehry, 2012). What Frank Gehry was trying to say in simple terms was our culture cannot do without proper appreciation of its classical roots and it goes without saying that the Romans and Greeks have influenced art and architecture with its classical style in a number of different ways. Allow me to give a definition for the word classical. â€Å"Classical† refers to any art or architecture modelled after ancientRead MoreAncient Greek And Roman Architecture Essay1972 Words   |  8 Pagesmain similarities and differences associated with ancient Greek and Roman architecture. This paper will venture to distinguish the physical and integral differences between ancient Roman and Greek architecture. It will also determine the similarities associated with these two variations of ancient architecture. In addition, this paper will explain why and how these forms of architecture are still relev ant in today’s society. Ancient architecture is not just a thing of the past; it’s more prevalent inRead MoreAncient Roman And Greek Architecture1275 Words   |  6 PagesModern Architecture around the globe had been influenced by ancient Roman and Greek architectural. Although both ancient Romans and Greeks are recognized for their innovations in architecture having both constructed a variety of buildings and structures that can still be appreciated today, they appear to have concentrated mostly on the creation of temples which at first sight seem similar but in reality they each diverged and had their own identity and served for different purposes. Ancient Greek andRead MoreComparing Greek and Roman Architecture Essay782 Words   |  4 PagesWhen comparing Greek and Roman architecture and design we see many similarities as well as differences. Greek culture and society came into fruition roughly 1250 years before the rise of the Roman Empire and Roman artisans were strongly inï ¬â€šuenced by their Greek predecessors. However, the Greeks were not without their own inï ¬â€šuences. Egyptian building styles and art were reï ¬ ned by the Greeks as seen in their use of column and lintel construction. It is notable that inï ¬â€šuence from Persia and the AncientRead More Greek and Roman Architecture Essay example1107 Words   |  5 PagesGreek and Roman Architecture Greek and Roman architecture is truly amazing. They each had great ideas, and fabulous productions. It is said that the Pantheon is to Italy what the Parthenon is to Greece. Both are tremendous monuments that reek of culture and history. Each had a purpose which was displayed by the design and construction of each. There are such great meanings behind each of these architecural structures. The Romans and the Greeks alike worshipped and dedicated their structuresRead MoreComparing Ancient Greek and Ancient Roman Architecture Essay1132 Words   |  5 PagesMinoans. The Minoans built the foundation of Greece. The Roman Empire was founded around 753 B.C. by the two twins, Romulus and Remus. Romulus ended up killing Remus and built the city of Rome on one of seven rolling hills. Architecture was very important to both civilizations and they were always trying to out due the other. The architectural style of the Ancient Greeks and Romans was overall constructed and used differently. The ancient Greeks developed a system of orders which were known as columnsRead MoreWhat Did Greek Architecture Influence Roman Temples? Essay2188 Words   |  9 PagesDid Greek Architecture Influence Roman Temples Pengnanxi Wang Registration No: 150152532 Of all arts, Roman architecture were the most remarkable and original. Roman architecture took shape in a world that was already dominated both by the substance and idea of Greek achievement. Yet the relationship between Ancient Greek and Rome was not simply one of master to pupil, other cultures were involved as well such as the Etruscan civilization. Undoubtedly Ancient Greek and Etruscan architecture playedRead MoreGreek And Roman Ideas778 Words   |  4 Pages Greek and Roman Ideals When considering the ancient Greek and Roman ideals you can see the distinct similarities in their art, government, monotheism, and architecture. The Romans duplicated many of the Greek styles and modified them to suit their lifestyles. Greece and Rome influences can be seen in art today with the use of concepts, techniques, and styles that were founded by the Greek classical ideal. These include techniques for carving sculptures and the construction of massive metropolitan

A Multicultural Workplace Free Essays

A Multicultural Workplace A multicultural workplace refers to a group of individuals who represent all types of human difference gathered to achieve a common goal, which is the organization or company’s mission. For some, a multicultural organization may refer to their workplace as such, due to the variation of individuals’ age, sex, ethnicity, physical abilities, and even sexual orientation. Additionally, the diversity among this workforce is likely to be considered such based on its employees racial, social and ability characteristics. We will write a custom essay sample on A Multicultural Workplace or any similar topic only for you Order Now The scope of diversity within an organization should go beyond the personal characterizes listed here. The scope of diversity within an organization should include the way an organization responds to their multicultural workforce. The times of suppressing cultural differences, which forced individuals to sacrifice parts of their heritage in order to obtain gainful employment, is becoming outdated. Today, conforming to the majority culture of this western society is becoming less and less of an issue, and thankfully so. Originally, multicultural initiatives, beginning in the late 1960’s, where associated with race and gender. Today, all differences are encompassed in organization based multicultural or diversity programs with the expectation that all employees become cultural competent and embrace cultural awareness. That is if an organization has created such programs. At Milwaukee Center for Independence (MCFI), multicultural and diversity programs do exist. The organization has created a climate of cultural inclusion, incorporating genuine value for diversity within the workplace and among employees. The organizations diversity initiatives are strengthened by annual culture training, communication, a Diversity Team, and mentoring programs for both internal clients and staff and throughout the community. Cultural training courses are conducted annually for each department within the organization. In addition, MCFI conducts a â€Å"Cultures Week† event each year in celebration of culture and diversity reaching out to all employees and the community. The vision of the MCFI Diversity Team and the agency as a whole is to â€Å"be the benchmark of diversity and inclusion among nonprofit agencies in Southeastern Wisconsin. MCFI will be the organization from which clients want to receive services, for which funders want to provide support, where vendors want to do business and employees see diverse opportunities† (MCFI, 2012). The team’s goals include a commitment to understanding what diversity is and its impact on the workplace and the community (MCFI, 2012). The Diversity Team also works to increase appreciation for richness, which is brought by different attitudes, skills sets, abilities, approaches, and perspectives, as well as promoting cooperation and an understanding of and among individuals of diverse backgrounds. Communication tools have also been created for greater understanding and knowledge of diversity through innovative and creative management. MCFI and the Diversity Team collaborate with other community agencies and businesses throughout the Milwaukee area to spread an understanding of diversity and the vision of MCFI (MCFI, 2012). The managerial principles behind the Milwaukee Center for Independence Diversity Team include members that represent a cross-section of the organization, which is structured to reflect the agency wide culture. In addition, the Diversity Team and its Director, Al Hill, have developed tracking systems to watch and ensure the progress of the agency and team mission, vision, and goals, such as the community outreach programs. Further, the team stays linked with key agency internal and external functions, such as within Human Resources, communication, and training and development team’s agency wide. MCFI was recognized for its achievements in the area of diversity within the workforce. MCFI won the 2009 Award of Excellence from the Wisconsin Association of Equal Opportunity. In addition, MCFI was honored with the 2010 Wisconsin State Society for Human Resource Management’s Workplace Diversity Award. MCFI goes far beyond mere diversity training, expanding to the creation of an inclusive work environment. MCFI’s dedication to diversity in the workplace encourages creative thinking. The agencies clients and employees represent a full spectrum of ages, disabilities, education levels, ethnicities, religions, experiences, sexual orientation, gender, opinions, beliefs, and races. MCFI considers diversity as not just a moral obligation, but visions it as imperative to the success of the organization, which is reaching as many individuals and families with special needs as possible. The MCFI Diversity Team includes internal employees as well as individuals from its affiliates and community agencies. The main objective of MCFI and the Diversity Team is to be the main point of reference for inclusion and diversity among non-profit agencies throughout the immediate and outlying communities. Additional visions of MCFI are to be the premier agency for client, vender, and employee choice in regards to services, business affiliation, and employment opportunity. I am confident in saying that MCFI is an excellent place to feel welcome, allowing myself and others to express their individuality. MCFI also allows each employee and client to learn about what makes others different, yet similar, and supporting the acceptance of all human difference. One of the positive impacts of MCFI diversity initiatives is the opportunity given to everyone to see things from different perspectives. Their voice and perspectives are heard in a safe, nonjudgmental, and bias free environment. Working with others with different attitudes, beliefs, and values provide an outstanding opportunity to expand individual knowledge, which only assists to better service the clients of the agency. Along with increased diversity comes an increase in different perspectives providing unique viewpoints for problem solving as well as co-worker and client interaction. At times, there may be barriers in effectively creating a diverse workplace. It is essential to incorporate diversity programs into the company or organizations strategic plan. Further, diversity training should also be tied into a company’ vision, goals, and objectives. In order to execute diversity training and awareness successfully, an organization or company must clearly communicate the main objectives of diversity training; establish a means of reinforcement and metrics to measure the effectiveness. In addition, a company or organization must include both minority and majority groups in strategic planning and implementation of a diversity program. I have seen and read much information on diversity and cultural training within the organization I am employed. The organization keeps its employees engaged in diversity training throughout the year. Monthly conferences are available on site to all internal staff and community guests. Conferences include topics such as the understanding of specific types of behavioral health issues and disabilities. Additionally, guest speakers come throughout Hispanic, African American, and Hmong Culture Awareness months. The opportunities to engage in and open up to awareness of different cultures at MCFI are endless. Issues and problems within the diverse workplace of MCFI are handled with an understanding that individuals are different. Employees of the organization are single mothers and fathers, individuals with disabilities, student’s health issues, and all from different religious, ethnic, cultural, and racial backgrounds and heritage. I have personal experience issues that I needed to address with management. As a full time student and a full time employee, who believe in the importance of family and work/life balance, the organization listened to my need for time off and alternate schedules to accommodate my life. Flexibility in the work place also allows for such things as difference cultural rituals and holiday celebrations that are outside the norm of western culture. I believe it is crucial for companies and organizations to consider an individual’s differences to allow for some flexibility concerning individual culture differences and life changes. With that, employees remain happy in the work place and continue to work toward the company’s mission and continue to be a productive team member. References MCFI. (2012). Diversity mission and vision. Retrieved from http://www. mcfi. net/MCFI-Diversity/Mission-Vision. htm How to cite A Multicultural Workplace, Essay examples

Managerial Accounting Personal Online Banking

Question: Describe about the Managerial Accounting for Personal Online Banking. Answer: a. Introduction The present study helps in understanding the mission and vision of the organization, corporate objectives along with the background of the three organizations and the industry. The current study also presets in detail the accounting standards as well as the performance measurements that are applicable for the three banks ANZ, NAB and Commonwealth Bank. In addition to this, the current study also helps in understanding the impact of the performance measurement and the accounting standards on the operations of the three corporations. In addition to this, the current study also elucidates in detail the role of the management accountant in assisting the process of management. The study also expounds in detail different controls in the organization. The performance of the firm the perspective of the share price movement, dividend declaration and the controls can help in analysing the financial status of the three banks ANZ, NAB and Commonwealth Bank. Review of the stated mission and vision of ANZ, NAB and Commonwealth Bank The vision statement of the ANZ Bank mentions the willingness of the company to acquire the best talents to work at the organization. The vision statement also states that the diversity of the ideas as well as experiences can be considered as the key to our success. Corporate goals of the organization Commonwealth Bank: The aim of the Commonwealth Bank is To attain indigenous employment parity within 10 years and get Indigenous employees that makes up 3% of the Australian workforce and aligns with the proportion of the Indigenous Australians in the wider national population. To ensure that the Commonwealth Bank Group can get access to funding from different capital markets in Australia as well as offshore Commbank.com.au 2016 To get a AA credit rating band and to maintain the position To ensure adequate, cost effective as well as sustainable sources of finances in the long term in order to meet the ongoing liquidity requirements of the Commonwealth Bank and to satisfy the prudential requirements implemented by the management as well as monetary authority Commbank.com.au 2016 National Australia Bank: The aim o f the National Australia Bank is To differentiate the business in the potential of clients, communities and members of the staff and to make a positive impact on the clients as well as communities Nab.com.au 2016 To meet the banking needs of the customers through the widespread international network of different branches, representative offices as well as subsidiaries in Australia, New Zealand, UK, USA and different parts of Asia. To concentrate on upholding the increasing business, trade as well as foreign direct investment flows between Australia, New Zealand, UK, USA and different parts of Asia Nab.com.au 2016 ANZ Bank: The aim of the ANZ Bank is To sustainably increase the overall sales as well as profitability Anz.com 2016 To grow faster than the norm and to detect opportunities Anz.com 2016 Background of the companies The Commonwealth Bank, an Australian Transnational Bank operates across different places that include New Zealand, Fiji, United States of America and United Kingdom. The Commonwealth Bank offers various financial services that include retail, business as well as institutional banking, management of fund, superannuation, insurance, and investment as well as broking services Whittington and Pany 2012. The Common wealth Bank can be regarded as the largest listed corporation in the Australian Stock Exchange. National Australia Bank is also one of the largest financial institutions in Australia from the perspective of market capitalization as well as customers. NAB is also ranked as the 21st largest bank in the world enumerated in terms of market capitalization. In addition to this, the NAB is also regarded as the 41st largest bank in the world enumerated in terms of total assets during the year 2014. ANZ Bank, New Zealands largest financial services functions as a subsidiary of Australia as well as New Zealand Banking Group Limited of Australia Anz.com 2016. The publicly traded bank operating in the finance and insurance sector, headquartered in Auckland, New Zealand offers products and services such as the cheque amounts, insurance, stock brokerage, investment banking, asset based lending and consumer finance. Industry Background The banking industry in Australia comprises of a number of banks that are registered to execute different banking activities as stipulated under the Banking Act 1959. The banking industry in Australia also consists of foreign banks that are also licensed to function through different branches in Australia as well as Australian integrated foreign bank subsidiaries. Background Material: Academic Theory: Company Accounting System and Performance Measurement Systems Impact of the accounting principles on the performance measurement According to the latest annual report of the company Commonwealth Bank in Australia, the management of the company presents the annual statements as per the Corporation Act 2001 as well as the Australian Accounting Standards that again conform with the International Financial Reporting Standards IFRS. The financial performance of the group expressed in terms of the net profit after tax, return on equity and Earnings per share is made on the statutory basis. Furthermore, the Management Discussion and Analysis MDA also presents the net profit after tax on both the statutory as well as cash ground. The management of the company Commonwealth Bank uses the cash basis in order to present a transparent view of the underlying results of the operation after exclusion of different items that bring in volatility and distortions. The items such as the hedging along with the IFRS fluctuations are enumerated persistently with the previous year and previous half disclosures and do not differentiate between both positive as well as negative adjustments Edmonds, Tsay and Olds 2011. The company also maintains strong capital position according to the BASEL III regulatory framework for capital and presents the Basel III Common Equity Tier I ratio on an internationally comparable basis APRA basis. As mentioned in the annual report of the corporation Commonwealth Bank, the company prepares and presents the General Purpose Financial Reports as per the Australian Accounting Standards that also includes the Australian Interpretations with the desirable quality of the AASB 1048 Interpretation and Application of Standards as well as the obligations of the Corporation Act 2001. The financial declarations of the corporation are essentially measured under the historical cost convention barring certain assets as well as liabilities including certain derivative tools enumerated at fair value (Edmonds, Tsay and Olds 2011). The measurement of the performance of the bank follows certain principles. The subsidiaries of the company are accounted for at cost after deduction of the accumulated impairments at the level of the bank. Cost is enumerated as the aggregate fair values of the assets, equity instruments or else the liabilities incurred/ supposed at the date of transaction Garrison, Noreen and Brewer 2012. According to the annual report of National Australia Bank, the management of the company also presents the financial reports as per the Australian Accounting Standards Board and the Corporation Act 2001. In addition to this, the company also follows the statutory basis as well as the cash basis for the management discussion and analysis report. In addition to this, the management of the National bank of Australia also prepares the financial statements as per the historical cost convention. This has changed by different applications of the fair value enumerations permitted by the pertinent accounting standards Garrison, Noreen and Brewe 2012. Similarly, the annual report of ANZ Bank of Australia also reveals the fact that the financial statements of the company are both prepared as well as presented according to the obligations of the Companies Act 1993, the Financial Reporting Act 1993 in addition to the Order (Anz.com 2016). Furthermore, the financial declarations are also prepared as per the New Zealand generally Accepted Accounting Practice. This also conforms with the New Zealand equal to the International Financial Reporting Standards NZ IFRS. In addition to this, the corporation also prepares the financial reports as per the historical cost convention excluding specific assets as well as liabilities that are essentially stated at the fair value Horngren and Horngren 2012. Comparative study of the Measures to maintain control The internal control refers to the process of auditing as well as accounting that can help the organization to maintain operational efficacy as well as efficiency Arens, Elder and Beasley 2012. The management of Commonwealth Bank maintains that internal control by maintenance of reliability of financial reporting, provision of timely opinion regarding the strategic objectives of the organization Auditing, assurance and ethics handbook 2012. The management of Commonwealth Bank also adheres by the regulations stipulated under the relevant accounting standards under the Australian Accounting Standards Board and the Corporation Act 2001. Again, the corporation also has an audit committee for the maintenance of control. The PricewaterhouseCoopers PwC provides the audit as well as non-audit services. The company also declares that the financial report of Commonwealth Bank of Australia and mentions that the report gives a true as well as fair view of the company and the financial position o f the consolidated statements Horngren, Harrison and Oliver 2012. In addition to this, the report of the auditor states that the financial statements comply with the Australian Accounting Standards and the Corporations Regulations Act. Similarly, the National Australian Bank also has a audit committee that can meet the control requirements. The mandate committee also helps in ensuring the integrity of the different financial controls of the bank, systems of financial reporting as well as internal standards of audit. Again, the committee for internal control also consists of minimum of three members where majority of the members of the committee are independent Horngren, Harrison and Oliver 2012. The internal control of the National Australian Bank is also maintained by the audit committee of the bank Braun 2012. The Ernst Young acts as the external auditor that helps in the regulatory audit, assessments as well as assurances for different group business entities. In addition to this, the audit committee also carries out non-audit assessments, attestations as well as assurances for group business entities. The EY is also compatible with diverse obligations that are imposed by different regulations stipulated under the Corporations Act 2001. Similarly, the ANZ Bank Limited also has an audit committee that can meet different control requirements. The mandate committee also helps in ensuring the integrity of different financial controls of the bank, systems of the financial reporting as well as internal standards of audit Jones, Atkinson and Lorenz 2012. Furthermore, the audit committee for different internal controls also comprises of the minimum of three different members where the majority of the members of the committee are independent. The controls of the management refers to the preparation of the financial report on capital adequacy in accordance with the Banks Conditions of registration, Banks Internal models for risk of credit as has been accredited by the Reserve bank of New Zealand. In addition to this, the internal controls of organization ANZ Bank Limited also includes expression of opinion concerning the supplementary information that are primarily prepared according to the schedules 4,7,13,14, 15 and 17 of t he Order and is included within notes 13,14, 26, 27,29 and 34 of the Disclosure Statement. Role of the management accountant in providing assistance The management accountants help in driving the overall business of the organization by determining the overall status as well as success of the corporation. The role of the management accountant is mainly to carry out a series of tasks in order to ensure the financial security of the organization, management of the different financial matters among many others Mowen, Hansen and Heitger 2012. The management accountant essentially handles the tasks of budgeting, managing taxes, managing assets and aiding in strategic management. In addition to this, the management accountant also prepares and presents the financial statements, assesses the overall internal control of the organization, analyzes the financial information and aids in creation of the different company budgets Noreen, Brewer and Garrison 2011. Furthermore,, the management accountant of the corporation also assists in supervision of the accountant staff, completion as well as review of tax returns and help in management of t he overall ledger Mowen, Hansen and Heitger 2012. Individual Report: The individual report focuses on the remuneration report, use of the accounting principles and standards, conceptual framework and the financial performance of the three different corporations. Analysis of the remuneration report Commonwealth Bank: As per the remuneration report declared in the latest annual statement of the company Commonwealth Bank, the statutory remuneration disclosures of the company are prepared in accordance with the Australian Accounting Standards along with the Corporation Act 2001. Incentives provided to the CEO as well as the Group executives are directly linked to the financial as well as non-financial performance of the firm. CEO receives the fixed remuneration, short-term incentive cash, equity awards, deferred cash and equity awards and previous years awards. The cash payments to the CEO are mainly based on the base remuneration as well as superannuation and the fraction not deferred. Figure 1: Remuneration of CEO 2015 ANZ bank New Zealand Limited According to the remuneration report declared in the annual statement of the ANZ bank New Zealand Limited, the company has a remuneration committee that adheres to the stipulated charter. National Australia Bank Limited In addition to this, the remuneration report of the National Australia Bank Limited is presented in accordance to the section 30 A of the Corporations Act 2001. The management of the National Australia Bank Limited also has a remuneration committee for management of the remuneration. The remuneration report mentions that the remuneration is also linked to the performance of the company. The company awards short-term incentives in addition to the fixed remuneration as well as superannuation Drury 2013. There are fixed remuneration, short-term incentive and long term and long-term incentive. The reward components consist of both cash rewards and at risk rewards Drury 2013. Figure 2: Remuneration reward component of NAB Financial performance Commonwealth Bank The financial performance of the company Commonwealth Bank can be analyzed using the prices of the shares for the last five years. The performance of the company improved as the share prices increased from approximately 34 during 8/9/2011 to 47 in 2/7/2012. Subsequently, the share prices rose to 55 during the same period in 2013. Thereafter the share price of the Commonwealth bank increased to 67 during 2014. The consistent increase in the prices of the shares reflects the improvement in the financial position of the company in the market. The performance of the shares also represents the financial position of the company. Therefore, the share price movements of the three different firms reveal the fact that the Commonwealth bank has better financial position with higher prices of the shares in the market during the same period of 2011 to 2016. The companies can use these movements in the prices of the shares as a criterion for measurement of the performance of the organization. Again, in addition to this, the dividend declaration of the company can also be regarded as the performance measurement system that can help in measuring the efficacy of the operation that in turn can help in creating the value of the shareholders of the organization. ANZ Limited The dividend declaration of the ANZ Limited has increased from 1.08 during 2011 to 1.14 during 2016. The increase in dividend payout also replicates greater value of the shareholders. The share prices of the company ANZ Bank are recorded to be 12.77 during the year 2011 September. Thereafter, the share prices rose 14.13 during the same period in 2012. Again, the share prices rose to 23.90 in 2013 and thereafter reached 30.9 in 2014. However, the prices of the shares thereafter declined during the year 2015 and 2016. The movements of the share prices reflect that the financial condition of the company was favourable for the duration 2011 to 2014. However, the performance took a downturn during the year 2015 and 2016. National Australian Bank Again, the dividend declaration for the National Australian Bank decreased from 0.87 during 2011 to 0.36 during 2016. The decrease in the dividend declaration mentions the fact that the company failed to create value for the shareholders during the period. The financial performance of the company National Australian bank can also be assessed from the share prices of the firm for the last five years. The share prices of the bank were registered to be 10.56 during 2016. However, the same was recorded to be 13.42 during the year 2011. Therefore, the financial performance of the corporation declined during the said duration of 2011 to 2016. Comparison of findings The three banks can be compared based on application of the accounting standards, remuneration report, control measures and financial performance. The chart below can explain the similarities and the differences between the three different banks. Commonwealth Bank ANZ Bank National Australian bank Accounting Standard- Corporation Act 2001, AASB and IFRS Remuneration Report- Australian Accounting Standards along with the Corporation Act 2001 Control Measures- The management of Commonwealth Bank also adheres by the regulations stipulated under the relevant accounting standards under the Australian Accounting Standards Board and the Corporation Act 2001. Again, the corporation also has an audit committee for the maintenance of control. The PricewaterhouseCoopers PwC provides the audit as well as non-audit services. Financial performance Share Price Movement: The performance of the company improved as the share prices increased from approximately 34 during 8/9/2011 to 47 in 2/7/2012. Subsequently, the share prices rose to 55 during the same period in 2013. Thereafter the share price of the Commonwealth bank increased to 67 during 2014 Accounting Standards- Companies Act 1993, Financial Reporting Act 1993 in addition to the Order, International Financial Reporting Standards NZ IFRS Remuneration Report- 30 A of the Corporations Act 2001 Control Measures The mandate committee also helps in ensuring the integrity of the different financial controls of the bank, systems of financial reporting as well as internal standards of audit. Again, the committee for internal control also consists of minimum of three members where majority of the members of the committee are independent. The controls of the management refers to the preparation of the financial report on capital adequacy in accordance with the Banks Conditions of registration, Banks Internal models for risk of credit as has been accredited by the Reserve bank of New Zealand Financial performance Revenue: Dividend Declaration: The dividend declaration of the ANZ Limited has increased from 1.08 during 2011 to 1.14 during 2016. Share price movement: The share prices of the company ANZ Bank are recorded to be 12.77 during the year 2011 September. Thereafter, the share prices rose 14.13 during the same period in 2012. Again, the share prices rose to 23.90 in 2013 and thereafter reached 30.9 in 2014. However, the prices of the shares thereafter declined during the year 2015 and 2016. The movements of the share prices reflect that the financial condition of the company was favourable for the duration 2011 to 2014. Accounting Standards- Australian Accounting Standards Board and the Corporation Act 2001 Remuneration Report- Australian Accounting Standards along with the Corporation Act 2001 Control Measures The mandate committee also helps in ensuring the integrity of the different financial controls of the bank, systems of financial reporting as well as internal standards of audit. Again, the committee for internal control also consists of minimum of three members where majority of the members of the committee are independent. EY acts as the independent auditor of the company. Financial performance Dividend Declaration: Dividend declaration for the National Australian Bank decreased from 0.87 during 2011 to 0.36 during 2016 Share price movement: The share prices of the bank were registered to be 10.56 during 2016. However, the same was recorded to be 13.42 during the year 2011. Therefore, the financial performance of the corporation declined during the said duration of 2011 to 2016. Summary of findings As per the movements of the share prices, the performance of the Commonwealth Bank can be regarded can be considered to be very satisfactory as the share prices have increased consistently over the years. The share prices of the ANZ Bank have also increased during the period. However, the share prices of the NAB declined during the said period. Therefore, the financial performance of the Commonwealth Bank can be considered to be the best from the perspective of share price movements. In line with the increase in the share prices during the period, the management of ANZ Bank also increased the dividend declaration of the firm that in turn increased the value of the shareholders of the firm and provided positive influence on the sentiments of the investors. However, the dividend declaration of the NAB declined during the period from 0.87 in 2011 to 0.36 in 2016, indicating the unfavourable condition of the firm. Conclusion In conclusion, it can be said that the present study helps in understanding the mission and vision of the organization, corporate objectives along with the background of the three organizations and the industry. In addition to this, the current accounts also help in gaining deep understanding regarding the accounting systems and principles that are followed in the three different corporations. Furthermore, the study also helps in gaining an overview regarding the impact of the accounting standards on the performance of three different banks. Thereafter, the study helps in understanding the different management controls along with the role of the management accountant in the managing organizations. Finally, the study presents a comparative analysis of the performance of the three different banks with respect to the different performance system that includes the movements in the prices of the shares and the dividend declaration by the management of the corporation. Reflective The current study has helped me to understand that the accounting standards, policies and principles that are applicable in the three different banks. The study has also helped me t understand the different performance measurements that the management of the organization applies for the enumeration of the performance. Again, the current account has also helped me to gain an overview regarding the role of management accountants in assisting the management of the corporation. Furthermore, the present study also helps in gaining overview regarding different internal as well as external controls that companies can apply for detection of the risks and the fraudulent activities and the mistakes. References Anz.com. 2016.Personal - Online Banking | ANZ. [online] Available at: https://www.anz.com [Accessed 9 Sep. 2016]. Arens, A., Elder, R. and Beasley, M. 2012.Auditing and assurance services. Boston: Pearson. Auditing, assurance and ethics handbook 2012. 2012. Frenchs Forest, N. 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