Unit 11 – Research Project (Accounting & Finance Pathway)
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Added on 2020-10-23
Unit 11 – Research Project (Accounting & Finance Pathway)
Added on 2020-10-23
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Research Proposal FormUnit: Unit 11 – Research Project (Accounting & Finance Pathway)Learners Declaration: I certify that the work submitted for this unit is my own and theresearch sources are fully acknowledged. Plagiarism: Any act of plagiarism will be seriously dealt with according to the College’s and awarding bodies’ regulations. In this context the definition and scope of plagiarism arepresented below: Plagiarism is presenting someone’s work as your own. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the college procedure. (For further details please refer to 5.j.i the Academic Misconduct policy and procedure; 5.j.ii Academic Misconduct Student Guide; 5.n.v Plagiarism Student Handbook, all available on HELP.) Proposed Title: The Globalization of Financial Services.Title or working title of the research project (in the form of a question, objective or hypothesis)To examine and determine the impact of Globalisation of Financial services in accounting and finance Pathway.Research aim“To analyse the impact of globalisation on financial services”. A case study on NBS Nationwide Building Society.Research objectives (e.g what is the question you want to answer? What do you want to learn how to do? What do you want to find out?):To analyse the concept and importance of Globalisation.To identify the impact of globalisation on financial services.
To identify various ways through which NBS can globalise their financial servicesTo analyse benefits of globalisation in the context of banking industry especially in NBS.To evaluate challenges of globalisation in the context of banking industry especially in NBS.Research Question.What are crucial significance of Globalisation?How Globalisation impact on financial services?What are different ways that can help NBS to globalise their financial services?What are various advantages of globalisation to NBS?How globalisation can bring challenges in the context of banking industry?Section Two: Reasons for choosing this research projectReasons for choosing the project (e.g links to other subjects you are studying, personal interest, future plans, knowledge/skills you want to improve, why the topic is important):It is very important to understand the importance of globalisation as it help the companies, bank and other financial institution to globalise their business and services in different nation. The primary reason for holding research on globalisation is to enlarge the skills and knowledge of learner in several crucial business area. It also help in developing various strategies and implementation of these action plan in order to globalise business in new wider marketplace. This investigation is also helpful in analysing and evaluating various advantages and disadvantages of globalisation on financial services. Selecting this particular topic in research work enable to better understand the ways of expanding business in other countries, therefore it is an important topic which help to make future plans effective and formulate strategies that are beneficial in further studies. The other important reason for choosing the relevant topic is it enable assorted professional to increase efficiency and create skills and knowledge that are beneficial in conducting business at international level in better organised and profitable manner. This respective investigation would also support Nationwide building society to operate business in most economical and beneficial manner resulting to attain profit objective.Section Three: Literature sources searchedUse of key literature sources to support your research question, objective or hypothesis:Concept and importance of Globalisation.According to Rosenau, 2017., the process that help the entire world to be a single market is known as globalisation. It means that product and services, capital and labour are treated on global level that help different companies to operate business at gain profitability. It support in raising the living
standard of people as various goods and services are provided for their benefits.Identify the impact of globalisation on financial services.Asongu and Tchamyou, 2016. states that integration of finance in to global production network mainly indicates towards aiming the globalizing the regional development. The global production network helps to communicate the economies and regional development in developing countries. Interrelation between the GPN and the GFN are highlighted with more contingent manner.Various ways through which NBS can globalise their financial servicesAs per the opinion of David Wijeratne, there are various ways that help an organisation to globalise their business. The very first step is related with analysing market research and determine the current trends. Thus, it is crucial for management of NBS to investigate circumstance before entering in emerging market by considering latest competition, laws, regulations and situations etc. Some of the basic strategies, which help nationwide building society to enter into new market.Benefits of globalisation in the context of banking industry especially in NBSAs per Hyde and Higgs, 2016 globalisation in financial services get benefited by initiating the development and growth opportunities in banking sector. NBS bank can get benefits by adapting its global financial tactics. Major benefit of integrating financial services internationally is increment in foreign exchange reserves and large capital and revenue structure.Challenges of globalisation in the context of banking industry especially in NBSZakari (2014) states that tracking the transactions and the reporting for these financial statements is one of the challenging factor that remain essential in terms of globalisation of financial services. As NBS is one of have to track the details and the structure of business in various forms with critical analysis.Rosenau, J. N., 2017. Globalisation and governance: sustainability between fragmentation and integration. InGovernance and Sustainability(pp. 20-38). Routledge.Sufian, F. and Habibullah, M.S., 2012. Globalization and bank efficiency nexus: Symbiosis or parasites?.Review of Development Finance,2(3-4), pp.139-155.Hyde, M. and Higgs, P., 2016.Ageing and globalisation. Policy Press.Asongu, S. A. and Tchamyou, V. S., 2016. The impact of entrepreneurship on knowledge economy in Africa.Journal of Entrepreneurship in Emerging Economies,8(1), pp.101-131.Section Four: Activities and timescales
Activities to be carried out during the research project (e.g research, development and analysis of ideas, writing, data collection, numerical analysis, tutor meetings, production of final outcome, evaluation, writingthe report):ActivitiesTime TakenIntroduction8 daysCreating Aims and Objective10 daysLiterature Review12 daysResearch methodology15 daysData collection20 daysData analysis10 daysRecommendation4 daysSubmission2 daysHow long this will take:The overall research will takeapprox 3 months for accurate result.Milestone one: _________________Target date (set by tutor): ____________________Milestone two: _______________________Target date (set by tutor): ______________________Gantt ChartSection Five: Research approach and methodologies
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