Essay on The History of Womens Suffrage - 1535 Words

The History of Womens Suffrage This section on womens history will show the events that led to the suffrage movement and what the outcome was after the movement, plus how those events are involved in todays society. The women of the post suffrage era would not have the ability to the wide variety of professions were it not for their successes in the political arena for that time. In the early 1900’s when women were barred from most professions and limited in the amount of money they could earn, a group of suffragists led by Susan B. Anthony and Elizabeth Cady Stanton started to develop the women into an influential and powerful leaders of this country. The original women who started the suffrage movement had nothing to†¦show more content†¦In the summer of eighteen forty-eight two women Elizabeth Cady Stanton and Susan B Anthony who founded the National Women’s Suffrage Association in eighteen sixty-nine met with a small group of people determined to give women a larger sphere of action t han the laws and customs of that day allowed (Taylor 13). At this time in our country women were denied the right to vote, made to give their husbands the land and property which they may have control of, plus nearly no say in legal or professional matters. To give you an idea of what the women were up against on July thirtieth, eighteen sixty-eight a group lead by T.H. Mundine wrote a declaration stating that all persons meeting age, residences, and citizenship requirements be deemed qualified electors â€Å"without distinction of sex† (Taylor 14). This motion was referred to the state of Texas and in January eighteen sixty-nine, it was rejected on a vote of fifty-two – thirteen. The motion that was shot down was not anything to major by today’s standards. It was a simple bill to allow women to have a more reasonable portion of the burdens of government (Taylor 14). As this example illustrates women had a huge wall to climb of they wanted to be even with men in societies eyes. After women got some rights for their gender the initial charge was on its way although the next one hundred and thirty years will still contain many obstacles for women. In the lateShow MoreRelatedHistory of the Womens Movement for Suffrage and Womens Rights1200 Words   |  5 PagesPrior to the famous movement for womens suffrage in the society, women had little or no say in the society. If they happen to be working, it was gruelling things like housework that would sometimes extend over the course of the whole day, or, later on during the famous industrialization era that took place, in various factories they get paid very little and work long hours. On the other hand women had the go ahead to vote but in only some states, it was practically a big joke to think of a womanRead MoreEssay about The History of the Women’s Suffrage Movement977 Words   |  4 PagesWomen’s suffrage, or the crusade to achieve the equal right for women to vote and run for political office, was a difficult fight that took activists in the United States almost 100 years to win. On August 26, 1920 the 19th Amendment to the Constitution of the United States was ratified, declaring all women be empowered with the same rights and responsibilities of citizenship as men, and on Election Day, 1920 millions of women exercised their right to vote for the very first time. The women’sRead MoreEssay about Womens Suffrage in American History688 Words   |  3 Pages Womens Suffrage in American History During the late 19th century, women were in a society where man was dominant. Women did not have natural born rights, such as the right to vote, to speak in public, access to equal education, and so forth, did not stop them to fight for their rights. Womens lives soon changed when Lucy Stone, Elizabeth Cady Stanton, and Susan B. Anthony played a prominent role to help bring about change. Lucy Stone, an abolitionist, is one of the most important workers forRead MoreWhat was the Women’s Suffrage Movement, and How did it Change America?711 Words   |  3 PagesSuffrage: the right to vote in political elections. The men in America have always had the right to vote. They have always had the right to do whatever they wanted. Women, on the other hand, have not. They haven’t always been allowed to vote. 1920 marked a significant landmark in American history. Women in all parts of the country voted in a political election for the first time. This may not sound like that big of a deal, but to the women of the 19th and 20th centuries. In the 1800s, women wereRead MoreWomens Suffrage1114 Words   |  5 PagesWomens Suffrage University of Phoenix - Online HIS/120 - US History 1865 - 1945 November 2007 Womens Suffrage Women’s Suffrage is a subject that could easily be considered a black mark on the history of the United States. The entire history of the right for women to vote takes many twists and turns but eventually turned out alright. This paper will take a look at some of these twists and turns along with some of the major figures involved in the suffrage movement. Womens Suffrage Background Read MoreWomen‚Äà ´s Suffrage Movement of Europe1187 Words   |  5 PagesThroughout history, women have struggled for equality in all parts of the world. European women fought for suffrage for an extremely long period of time before they were granted full voting rights. Each country approved women’s suffrage at different times, but it occurred in most European countries in the early 20th century. The first country to develop universal suffrage was Finland in the year 1906(â€Å"Women’s Suffrage in Europe†). One of the last countries to become open about women’s voting rightsRead More The First World War and Womens Suffrage in Britain Essay1743 Words   |  7 Pagesimportant phase for feminism in Britain. The suffrage movement began as a struggle to achieve equal rights for women in 1872. Women then became active in their quest for political recognition, which they finally obtained in 1928. This investigation assesses the question: To what extent did the First World War lead to the accomplishment of the women’s suffrage movement of Britain in 1928? Two of the sources used in the essay, The Women’s Suffrage: a short history of a great Movement by Millicent GarrettRead MoreWomens Rights Movement1336 Words   |  6 PagesThe Women’s Rights Movement Women’s Suffrage is a subject that could easily be considered a black mark on the history of the United States. The entire history of the right for women to vote takes many twists and turns but eventually turned out alright. This paper will take a look at some of these twists and turns along with some of the major figures involved in the  suffrage  movement.   The first recorded instance in American history where a woman demanded the right to vote was in 1647. MargaretRead MoreWilson’s Opinion on Women’s Suffrage1227 Words   |  5 PagesWomen’s suffrage was a huge controversy in the 1920s. Many women wanted the right to vote and their voice to be heard. This was the time where the flappers were in action. Women were loud, bold, and daring. All they needed was equal rights; they wanted equal pay, and mainly voting rights. During this time, President Wilson was in office. Wilson won the presidential election due to his view on women’s suffrage; he was completely against it. (President Woodrow Wilson Picketed by women SuffragistsRead MoreCult of True Womanhood: Womens Suffrage1299 Words   |  6 PagesSeneca Falls Declaration of Sentiments; this historical document demanded abolishment of any laws that authorized unequal treatment of women and to allow for passage of a suffrage amendment. More than three hundred citizens came to take part in one of the most important documents written in women’s history during the Women’s Right’s Convention in upstate Seneca, New York, led by Elizabeth Cady Stanton and Lucretia Mott on July 19-20, 1848 (Ryder). Stanton became persistent when she included

Marketing Concept Free Essays

Marketing philosophy has experienced three major shifts during the history of commerce in the United States. First it was production oriented, then sales oriented, and currently it is consumer oriented. Till the late 1920s, companies had limited production capacity, and there was continuous demand for their products. We will write a custom essay sample on Marketing Concept or any similar topic only for you Order Now The belief at that time was that, one can sell as much as one can produce. The entire company used to focus on production and Marketing was limited to taking order and supplying products on time. With the introduction of mass-production, production capacity caught up with and, in many areas, exceeded demand. Now, the businesses were sales oriented. Their philosophy became selling as much as one can, by using advertisements and other promotional activities The end of World War II bought a world of choices to the consumers and a lot of competition to the existing players. There started a heavy competition for the consumer dollar. Businesses quickly came to realize that if they were going to get their share of those dollars, they were going to have to become more consumer oriented. This change in philosophy became known as the marketing concept. The Marketing concept relies on marketing research to define market segments their size and their needs. It is the philosophy that the companies should analyze the needs of their customers and then make decision to satisfy those needs better than their competition. (www.NetMBA.com) Thus, the marketing concept is essentially establishing a tangible relation between a company’s capabilities with customer needs. However, this is not the only factor that is taken into account. The marketing environment has other competitors who are planning the very same strategies to lure consumers. Herb Kelleher, CEO of Southwest Airlines says† We don’t have a Marketing Department; we have a customer department† And in the words of a fords executive â€Å"If we are not customer driven, our cars won’t be either† (Kotler, Armstrong. 2006). Companies that have embraced the marketing concept have found that it has had a strong impact on sales. They have also found that, in many respects, it has changed the way they operate. In addition the volatility of the marketing environment like and changes in the political, economic, social and technological environment, should also be taken into account, while developing a strategy. Any organization that applies the marketing concept essentially puts its present and potential customer’s needs as a guideline for its marketing and organizational operations. For e.g. – Consumers need to eat when they are hungry. What they want to eat and in what kind of environment will vary enormously. For some, eating at McDonalds satisfies the need to meet hunger. For others a microwaved ready-meal meets the need. Some consumers are never satisfied unless their food comes served with a bottle of fine Chardonnay. (http://www.tutor2u.net/business/marketing/marketing_concept.asp) However, after creating a desire in the consumers, the pricing should also be sufficiently affordable, make them actually purchase the product. The Marketing concept first analyzes the needs of the consumer and then decides the appropriate product to fulfill those needs. Being customer driven, the marketing concept starts with a target market and customers. The company then focuses on the needs of these consumers and integrates all its marketing activities towards building an effective relation with these customers. For e.g. – The shift in buying behavior from marketplace to â€Å"marketspace â€Å"made Microsoft enter into online automobile retailing with CarPoint.com. While CarPoint could not â€Å"sell† or deliver any cars, it could shift much of consumer search, comparison, and decision-making, including pricing, from the physical platform of the traditional car dealer to the virtual world of the Web (Boyd, Walker, Mullins, 2006). As is clearly seen above, such customer-driven approaches succeed, when the consumers know what they want. There is a clear need which is fulfilled by a combination of product and promotional mix. In many cases however, the customers do not know what they want or need. For e.g. – 25 years back, the concept of e-books or for that matter cell phones for a regular usage was something an average customer could not foresee. Such cases call for customer driver marketing, where the company understands the customers even better than the customers themselves. As Sony’s Akio Morita says â€Å"Out plan is to lead the public with new products, rather than as them what kind of products they want.† (Kotler, et al, 2006) SONY Corporation was the first to come up with the idea of a â€Å"walkman†, when they observed that consumers like music to be with them always. It is just as if they well â€Å"humming the music†. The idea, which was initially fiercely opposed, became a milestone in the company’s history. Marketing Communication According to Philip Kotler – Any Company’s marketing strategy requires more than just developing a good product, attractively pricing it and ensuring its ready availability to its consumers. The strategy must include communicating with its current and prospective customers, and what they communicate should not be left to chance. (Kotler et al 2006) Companies use a wide range of marketing communications to promote the company, their products and their services. A company’s total marketing communication mix consists of a combination of tools like advertising, sales promotion, public relations, personnel selling and direct marketing tools (Kotler et al. 2006). Each of these categories involves specific tools. Advertising includes brochures, flyers TV/radio broadcasts etc.   Sales promotion includes free demos, discount coupons, Sale etc. Public relations includes sponsorships, press releases etc. Personnel selling includes trade shows, sales presentations etc. Direct marketing includes telemarketing, direct selling etc. Before any company decides to go in for a specific blend of the above mentioned tools, it should first decide the message to be passed across, the recipients or audience for the message, way and means of presentation and its timing. In addition the follow-up actions after the message is passed across should also be decided, in order to avoid confusion when the orders or product information requests do start coming in. Owing to the advancements in Information technology, the consumers are now becoming increasingly aware of various choices available to them. The markets hence are seen to becoming more fragmented. Targeting these different fragmented groups becomes a challenge for the company, especially when they wish to portray different images of the company to the consumers, without affecting the overall company’s brand image. This calls in for Integrated marketing communications,IMC , the integration of the company’s entire communications channel to deliver a clear and consistent message to the consumers, regarding the organization and various products. (Fill, 2004) The first step of any marketing communication strategy is awareness. Awareness in turn starts from curiosity.   A motion-control company launched its products in the Nuremberg market fair for the first time, by placing big boxes of candies in their stall. Needless to say, this attracted the curiosity of many people, who would later become its customers, to the stall just to ‘have a look at what is going on’. There is another thing which goes hand-in-hand with awareness, the target market or audience. This factor sets the tone of the promotion in question, and the kind of message to be passed on. There are two extreme end of the tone – humor and emotional. Companies use emotional appeal concepts like patriotism, family closeness, animal welfare, sharing and giving etc. to promote their products. For e.g. – Salvation army uses moral appeal as a pull toward its goal of seeking attention. At the other end of the spectrum are the humorous ads, which are gaining more and more acceptance amongst American audience. According to various studies, light natured ads catch the attention of consumers. In one of its popular ads Budwieser and Bud light featured a wannabe donkey that wears fur hoof extensions and brays in effort to becoming a part of the Budweiser Clydesdales team (Kotler et al 2006). Message structure and format is very important, especially when print media is the desired mode of communication between the company and its consumers. Even the tele-ads are very much concerned about the overall logo and messages displayed on-screen to its consumers. The most popular example of this is the Statuary warning written on cigarette packs. They are always there, always mentioned and always displayed and yet the balance of injurious-yet fashionable is clearly visible in all of these ads. Yesmail sends clients’ promotional e-mail messages to targeted consumers who said â€Å"yes† when asked whether they wished to receive promotional offers in certain categories of interest (Winer, 2006). Choosing the media of communication is the next step. The is chosen based on getting the maximum amount of visibility and the media that creates lasting impression on the minds of consumers There are many channels that can be used in this case. For e.g. – the success of Harry Potter, collapsible scooters, the Chrysler PT Cruiser, and The Blair Witch Project is all due to word-of-mouth publicity (Kotler, Keller, 2005). The print media includes advertisements in magazine, newspapers, pamphlets etc. The most popular media still remain as the television and radio, though internet marketing is fast gaining over them. After the entire process of communication is done, one of the steps that should always be done is collecting the feedback from the consumers. This is done so as to know the effectiveness of the communication on the minds of the consumer. This total marketing communications program used while promoting a company or business is called the promotional mix. Success is all about integrating separate approaches such as PR, internal and direct marketing into one complete marketing strategy. All the promotional elements which are used to gain customers must be planned and then implemented in a coordinated way. (Smith, Taylor, 2004). References Books Fill, C., â€Å"Marketing Communications: engagement, strategies and practice†, 2nd ed., 2004, FT Prentice Hall Kotler, P. Armstrong G., â€Å"Principles of Marketing†, 11th ed, 2006, Pearson Kotler, P., Keller, K., â€Å"Marketing Management†, 12th ed., 1 March 2005, Prentice Hall Mullins, J., Walker, O., Boyd, H., â€Å"Marketing Management: A Strategic Decision- Making Approach†, 6th ed, 17 Oct 2006, McGraw-Hill/Irwin Smith, R., Taylor, J., â€Å"Marketing Communications: An Integrated Approach†, 4th ed, 1   July 2004, Kogan Page Winer, R., â€Å"Marketing Management†, 3rd ed, 31 May 2006, Prentice Hall Websites â€Å"Marketing concept and orientation†, http://www.tutor2u.net/business/reference/marketing-orientation â€Å"The Marketing Concept†, Oct. 2003, One Vision Ltd. â€Å"10 minutes Guide – Marketing Communication†, 2004, The Chartered Institute of Marketing http://www.cim.co.uk/mediastore/10_minute_guides/10minguide_marketingcommunication.pdf How to cite Marketing Concept, Essay examples Marketing Concept Free Essays In the article â€Å"Pow! Romance! Comics Court Girls† by Matthew Phillips, it features the comic company’s new market. Male readers have always been the comics company’s target market for the past several years. Commonly, the main character portrays the strength of male gender. We will write a custom essay sample on Marketing Concept or any similar topic only for you Order Now In the launching of the new comic series, â€Å"The Plain Janes†, â€Å"Re-Gifters†, â€Å"Clubbing,† DC Comics set a new target market, which are the female readers. It is a big opportunity to expand the possible customers for their market. Their market strategy is that they made the titles more appealing to the women. They based it on fantasy and romantic storylines to get girls’ attention. They emphasized female strength and their interests. By this strategic move, comic-book industry had their most significant growth. The Diamond Comics rose their sales to a 15% increase while Marvel Entertainment’s publishing-segment revenue — which includes sales to booksellers and comic shops — rose 17% to $108.5 million. This market strategy is very advantageous for both parties. It provides materials for the female readers and also an additional market implying additional income for the company. The benefit of the market expansions is advantageous not only to the customers but more importantly to the company itself. The â€Å"Nolan Ryanx Pitches Virtues of U.S. Beef To Dubious Japanese† written by Amy Chozick, was all about the campaign on how to win back the Japanese customers on buying U.S. beef products. It has been very evident that the demand for beef had decreased since it was banned in Japan at 2003 due to the outbreak of mad-cow disease. It was a big challenge since there is a huge decrease in market and also competition was intensified. Japanese ordered more than 50% of their beef from Australia. By using a promotional strategy on the declining market, their market sales had been saved. Baseball legend Nolan Ryan was made as a campaign model. The slogan â€Å"Beef makes you strong!† was thrown during a ceremonial first pitch during a baseball game at   A concession stand called the â€Å"American Meat Booth† sold boxes filled with American beef and featuring Mr. Ryan’s photo in the meat aisles at major grocery stores under in Chiba, a Tokyo suburb, last month. The campaign starring Mr. Ryan was featured in more than 2,000 different beef-related promotions over a three-month period. Once the problem was identified, promotional strategies (advertising campaign) are useful in uplifting the image of the product (U.S. beef) to the customers (Japanese consumers). Using Nolan Ryan, a well-known pitcher, as the endorser has a big impact on the Japanese since Japan is fond of baseball. He is also a credible person in line with meat knowledge since he also has his own cattle farm. In effect of this campaign, the American beef monthly sales had been doubled according to Philip Seng, president of the Denver-based federation. The cost of the promotion has not been stated but the ideal is that it should be relatively lower than the revenue. He admitted that there is a lot more to do to regain the past demand, after the sudden decline in sales due to the negative connotation of the mad-cow outbreak, but as their sales imply, the promotional campaign can be said successful.    How to cite Marketing Concept, Essay examples

Asymmetry and Regulatory Shortcomings

Question: Discuss about the Asymmetry and Regulatory Shortcomings. Answer: Introduction: The organizations that have been chosen for the understanding and analyzing of BNM/Gp8 are Malayan Banking Berhad Maybank and CIMB bank. Both of these banks come under the category of top 10 banks in Malaysia. Malayan Banking Berhad maybank is a profit making organization which provides all the banking services to its customers. It has been established in 1960 and now it is one of the largest banks by capitalization of market on the Malaysian Bourse. This bank has been ranked first in Forbes magazine among the top 500 companies of the world. This bank offers a great range of services and products which includes investment banking, Islamic banking, commercial banking, leasing and hire purchase, factoring, asset management, nominee services etc. the main vision and mission of the bank is to provide all the financial services to its clients in minimum price. Headquarter of the bank is established at Kuala Lumpur, Malaysia. It has been incorporated in May, 1960 and it is providing all the services of commercial banking. This bank has over 1750 offices in 14 countries. It has forced an intention competition in the industry that includes CIMB bank, Hong Leong, Public bank and others. The company has done very well in last few years. The growth rate of company is vastly increasing. CIMB bank has been incorporate in 1924. This bank has been merged with various other banks in Malaysia and thus finally it has been formed as CIMB bank. It has listed itself on Bursa Malaysia. Currently this bank is one of the largest financial service provider organizations in Malaysia. Headquarter of the bank is established at Kuala Lumpur, Malaysia. It is providing various financial products and services like customer banking, insurance and asset management, covering corporate, treasury; investment banking etc. this bank has 1100 branches in 18 countries. The intense competitor of the company is Malayan banking berhad, public bank and others. The company has done very well in last few years. The growth rate of company is vastly increasing. This bank falls under the category of commercial banking. BNM/GP8disclosure: Earlier all the banks of Malaysia used to follow the outdated accounting techniques to know the real worth of their assets and liabilities. They used to follow the guidelines of historical cost accounting to state the assets amount in the final documents of the company. Company used to state the amount of the asset in which company had bought that asset. For example company has bought bonds worth of $100 in 1990 (NuHtay Salman, 2013). The current value of those bonds is $1000. But this accounting technique depicts that the value must be shown only $100 in the books. So it became mandatory for the country to change these techniques because of its fake values and it was not at all useful for the investors, shareholders, stakeholders, users etc. so Malaysian financial reporting standards thought to make changes in this technique and thus they introduced the new technique named by Fair value accounting (Ameer, Othman Mahzan, 2012). This technique depicts that the market value of an asset must be stated in the final financial documents of a company. Financial standards launched the new guidelines for it. For presentation and identification of the financial documents BNM/GP8 has been introduced by the bank Negara Malaysia. BNM/GP8 discloses about the financial reporting of all the Islamic banks to provide a base for disclosure and presentation of financial statements and reports of Islamic banking institutions. The main reason behind this is to provide the good base to analyst and investors to identify the real worth of the organization and invest accordingly. Statement of comprehensive income: Comprehensive income statement is a statement of all the expenses and income recognized by an organization during a specified period. This statement includes all the finance cost, tax revenues, revenue, profit share, discounted operations, profit or loss etc. BNM/GP8 guidelines suggest that while preparing the comprehensive income statement a preparer must differentiate the interest income or expense, expenses of bad debts and separately present the non interest income and expenditure (Sarea Hanefah, 2013). It guides to preparer to present all the other items in statement which follows immediately after the PBT (profit before taxation) to reach on a perfect answer. At the time of preparing the statements organization must also focus on the 4 principles i.e. classification, liquidity, maturity analysis and concentration. There, classify all the assets and liabilities according to the nature, Check the liquidity of all the assets and liabilities, do a maturity analysis on assets and liabilities and concentrate on all the assets and liabilities. Organization specially banks must also focus on the types of all the credit facilities which have been granted by them, must care about all the maturity structures of the facilities provided by them like credit, should maintain an honest provision for doubtful debts and bad debts and must disclose about the revenue and expenditure type in comprehensive income statement. Before the BNM guidelines it was not easy for the auditors, stakeholders and other users to understand the financial condition of a company. Thus the BNM guidelines were introduced by the regulatory board to make it easy for the users to un derstand the companys strength and financial position. Statement of Financial Position: Statement of financial position shows and presents the financial situation and position of a company on a particular date. Mainly, 3 components are comprised while preparing this statement i.e. assets, equity and liabilities. According to the BNM guidelines, all the assets and liabilities must be valued under fair value accounting technique. Earlier, all the banks at Malaysia were following the historical accounting technique for estimating the real worth of an asset. So that it become easy for the users to understand the real worth of the business and they can work accordingly. BNM suggests that a preparer must follow the requirement of MFRS and use some accounting assumptions and estimates to report the assets and liabilities of the organizations. It suggests that financial statement must be prepared in such a way that it describes the true worth of an organization (Paino, Bahari Bakar, 2011). Sometimes, because of old techniques it become tough for the users to understand the position of the organization into the market so many accounting standards and assumptions must be used. This helps the directors to make decision regarding dividend and reserve, although all of the estimates depend only on the kn owledge of directors and events so sometimes results can be differ also. Still the BNM guidelines are much better than the existing principals. Description and analysis: As discussed earlier, this bank is one of the largest banks in Malaysia. MayBank follows the guidelines of BNM to prepare its financial statements and comprehensive income statement. It has been observed through the financial statements of the MayBank that the presented data is reliable and it has been presented in such a way that any user can understand it easily (Cheah, Ow-Yong, Bala Nair, 2004). It has been also observed that this bank has followed each and every guideline very smoothly. All the data have been disclosed by the company to present the honest statements (MayBAnk, 2016). While preparing the comprehensive income statements, company has followed all the guidelines of BNM and prepared its statement accordingly. The extraction of the annual report of MayBank shows that the rules and guidelines of BNM are good for the bank as well as for the stakeholders and other users. While analyzing the income statements of MayBank it has been found that all the interest income and expenditure has been shown differently and presented according to the guidelines of BNM (MayBank, 2016). The structure of this statement is totally according to the rules of GP8. It has also been found that all the data have been disclosed by the bank to make its statements more reliable. All the income and expenditure of the bank has been shown perfectly and the taxation amount has also been presented to deliver a good result to its users. It has been analyzed through the report of MayBank that all the incomes and expenses have been shown in such a way that every stakeholder can easily ana lysis the data which is required to him or her. The data even described about the dividends a shareholder would get (Ariff Rosly, 2011). Thus it could be said that MayBank is presenting its income statement in a very good manner and totally according to the guidelines of BNM. The financial position statement of the company which is also known as balance sheet describes that on a particular date what is the worth of the company. This statement is quite compulsory for every organization to maintain as it helps the stakeholder of the company to analyze the position of the company financially. It has been observed while analyzing the financial position statement of the company that the company is using the fair value accounting technique to report the worth of their assets. It has also been found that company has disclosed all the reserves and provisions while preparing the financial position statement (Htay Zaharin, 2011). Company has differentiated each and every type of asset and liabilities very well to make it clear for the stakeholders (Sulaiman, Majid Ariffin, 2015). The data have been presented by the company in such a manner that every person who is not even from finance and accounting background can also analyze the report of the company and reach to a result. While doing this analysis it has been found that the statements of the company are meeting with all the requirements of the BNM guidelines and thus the presentation and described result of the statements and data is reliable for every stakeholder and it becomes easy for them to understand the financial position of the company (MayBank, 2016). As discussed earlier, CIMB is one of the greatest banks in Asian territory and in Islamic banks. This Bank follows the guidelines of BNM to prepare its financial statements and comprehensive income statement. It has been observed through the financial statements of the CIMB that the presented data is reliable and it has been presented in such a way that any user can understand it easily. It has been also observed that this bank has followed each and every guideline very smoothly (CIMB, 2016). All the data have been disclosed by the company to present the honest statements. While preparing the comprehensive income statements, company has followed all the guidelines of BNM and prepared its statement accordingly. The extraction of the annual report of this Bank shows that the rules and guidelines of BNM are good for the bank or organization as well as for the stakeholders and other users (CIMB, 2016). While analyzing the income statements of MayBank it has been found that all the interest income and expenditure has been shown differently and presented according to the guidelines of BNM. The structure of this statement is totally according to the rules of GP8 (Sanayei Noroozi, 2009). It has been also found that all the data have been disclosed by the bank to make its statements more reliable. All the income and expenditure of the bank has been shown perfectly and the taxation amount has also been presented to deliver a good result to its users (Almaamun, 2010). It has been analyzed through the report of CIMB that all the incomes and expenses have been sho wn in such a way that every stakeholder can easily analysis the data which is required to him or her. The data even described about the dividends a shareholder would get. Thus it could be said that CIMB is presenting its income statement in a very good manner and totally according to the guidelines of BNM. The financial position statement of the company describes the real worth of all the assets of a company on a particular date. This statement is quite necessary for every organization to maintain as it helps the stakeholder of the company to analyze the position of the company financially (Paino, Bahari Bakar, 2011). It has been observed while analyzing the financial position statement of the company that the company is using the fair value accounting technique to report the worth of their assets. It has also been found that company has disclosed all the reserves and provisions while preparing the financial position statement. Company has mentioned all the assets and liabilities of the company very well to make it clear for the stakeholders (Djang et al, 2012). The data have been presented by the company in such a manner that every person who is not even from finance and accounting background can also analyze the report of the company and reach to a result. While doing this analysis it has been found that the statements of the company are meeting with all the requirements of the BNM guidelines and thus the presentation and described result of the statements and data is reliable for every stakeholder and it becomes easy for them to understand the financial position of the company. Thus it can be said after analyzing all the aspects of BNM guidelines, the financial position statement and comprehensive income statement of the company that the guidelines of BNM is good for all the parties like shareholders, customers, preparer, directors, CFO, stakeholders, auditors and other users. The guideline suggests the bank to follow the new rules, accounting techniques, accounting standards, estimations and assumptions based on the events and the knowledge to make the statements more reliable and help all the parties to do the best analysis accordingly to make the decision regarding investment, borrowing, divestment, projects etc. The MayBank and CIMB are the top banks in Malaysia and both of these banks are offering the Islamic banking facilities to their clients. For this they are mentioning and reposting very well into their statements too. The disclosure policies of BNM are also following by both of the banks very well. All the relevant data of the company has been disclosed very well by both the banks. The distinguished report of asset and liabilities has been presented very well. The guidelines of BNM are a good step of central bank of Malaysian as this would help every person in some manner. The new technique of analyzing the worth of the assets made it more reliable as earlier due to the historical cost accounting, almost all the data was not at all relevant. Thus it has been concluded that this step of central bank is appreciable and this technique would help every user of the financial data in some manner. Referencing: Almaamun, S. (2010). Islamic estate planning: Malaysian experience.Kyoto Bulletin of Islamic Area Studies,3(2), 165-185. Ameer, R., Othman, R., Mahzan, N. (2012). Information asymmetry and regulatory shortcomings in profit sharing investment accounts.International Journal of Islamic and Middle Eastern Finance and Management,5(4), 371-387. Ariff, M., Rosly, S. A. (2011). 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Critical analysis on the choice of Takaful (Islamic Insurance) operating models in Malaysia. MayBank (2016). Financial Statement. Retrieved as on 8 Feb. 2016 from https://www.maybank.com/iwov-resources/corporate_new/document/my/en/pdf/annual-report/2016/Maybank_AR2015-Financial_Statements_Book.pdf MayBank (2016). Financial Statement. Retrieved as on 8 Feb. 2016 from https://www.maybank.com/iwov-resources/corporate_new/document/my/en/pdf/annual-report/2016/Maybank_AR2015-Financial_Statements_Book.pdf MayBank (2016). Home. Retrieved as on 8 Feb. 2016 from https://www.maybank.com/en/index.page NuHtay, S. N., Salman, S. A. (2013). Comparative Analysis on AAOIFI, IFSB and BNM Shari'ah Governance Guidelines.International Journal of Business and Social Science,4(15). Paino, H., Bahari, A. B., Bakar, R. A. (2011). Shariah, social responsibilities and corporate governance of the Islamic banks in Malaysia.European Journal of Social Sciences,23(3), 382-391. Paino, H., Bahari, A. B., Bakar, R. A. (2011). Shariah, social responsibilities and corporate governance of the Islamic banks in Malaysia.European Journal of Social Sciences,23(3), 382-391. Sanayei, A., Noroozi, A. (2009, April). Security of internet banking services and its linkage with users' trust: A case study of Parsian bank of Iran and CIMB bank of Malaysia. InInformation Management and Engineering, 2009. ICIME'09. International Conference on(pp. 3-7). IEEE. Sarea, A. M., Hanefah, H. M. M. (2013). The need of accounting standards for Islamic financial institutions.International Management Review,9(2), 50. Sulaiman, M., Majid, N. A., Ariffin, N. M. (2015). Corporate governance of Islamic financial institutions in Malaysia.Asian Journal of Business and Accounting,8(1), 65-93.