International Acoounting theory Essay Example | Topics and Well Written Essays - 1000 words

International Acoounting theory - Essay Example The process of cutting down disparities among national accounting regulations, also referred to as the process of harmonization, has undoubtedly made steps forward since profound work began on it as freshly as 1967. Taking into account the dissimilarities that are present between the accounting goals of nations at various levels of progress and with various legal structures, possibly the astonishing thing is that any development at all has been accomplished in such short notice (McCarthy 2003). There are several theoretical assumptions of categorizing countries when taking into account their accounting requirements. One apparent difference is between the democracies and the authoritarian administrations that govern a great portion of the world. This difference does not match up efficiently to a partition between free enterprise and centrally regulated economies, because there are democracies such in the case of India with a considerable section of the economy in the control of state-owned and state-regulated enterprises, and there are those countries which are communist such as Hungary and Yugoslavia that leave capacity for a number of free enterprise (Solomons 1986). The relevance of this difference for financial accounting depends in the contribution of private investors as well as the capital market. They will commonly be much more relevant in free enterprise economies, and financial accounting will function in the same way more important role in the allocation and dist ribution of scarce resources (ibid, 53). Another evident difference is between the industrialized nations of North America, Europe, Australia and Japan and developing nations of Asia and Africa. Once again, the distinction is one of scale rather than of type. Every country is developing or retrogressing, and accounting has its task to fulfil in that growth in all of them. Majority

CAPM (Capital Asset Pricing Model) Essay Example | Topics and Well Written Essays - 1750 words

CAPM (Capital Asset Pricing Model) - Essay Example and expected returns which is denoted as r. The ? is used as a measure of non diversified risk and implies that the expected return is the return on a risk free asset in addition to a risk premium (Laubscher, 2002). The risk premium will be equivalent to the market return in surplus of the risk free rate which is multiplied by the share portfolio. This is the reason that ? is regarded as the difference between the returns on various share portfolio. The formula for CAPM model is denoted below: R = Rf + ?(Rm - Rf) R = Expected return on the share/portfolio. Rf = Risk-free rate of return. ? = Beta (volatility of the share/portfolio relative to the market portfolio). Rm = Expected return on the market portfolio. Rm - Rf = Market risk premium (Laubscher, 2002). In the CAPM model risk is defined as the extent to which returns on share portfolio have covariance and variance with the market returns. ? is used for measuring risk and the basis for expected market returns. It is used as a meas ure for non diversified risk and is a relative measure of risk relative to the market portfolio. ... Government bonds and Treasury bills are used instead of this instrument (Laubscher, 2002). 2. Return in the market: The market portfolio constitutes of all kinds of risky assets and is one of the most available diversified portfolios. After the valuation of portfolio is done then it will be difficult to diversify the risk. The market return is the return on the market portfolio which constitutes of all risky assets. The rate of return is actually measured by the approximation of the stock indices which is used a proxy to the market. However, the problem arises regarding the choice of the index to be used as a proxy (Laubscher, 2002).The expected rate of return depends upon the market risk but it also depends upon the nature of the benchmark of the portfolios. However, investors are satisfied in investing in a limited number of benchmark portfolios. 3. Beta (?): This is one of the most crucial aspects of the CAPM model; as it helps in determining the difference between the expected ma rket return and the actual market rate of return. Portfolio betas are usually derived from the historical data and are useful in the measurement of the betas of the future (Rai University, n.d.). According to economic analysts the high beta shares tend to have a higher returns and lower betas shares tend to have low returns. The relationship between the average returns and beta is linear but the slope of risk and return relationship is not as steep as estimated by the CAPM model. Beta measures the relationship based on past returns and the derived results are more accurate than the standard deviation used to measure the relationship between risk and returns (Laubscher, 2002). Figure 1: Relationship of risk & return as per CAPM Model (Source: Myers, 2003) From the

Pauls Case :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  The film Pauls Case is by Lemont Johnson but is written by Willa Cather. Its about Paul, a sensitive high school student, felt very frustrated with his home life and his family's expectations that he would grow up to work in a factory or the steel mills as his father and most of his neighbors did. He was not close to anyone in his family and had no neighborhood or school friends. Instead, he spent his evenings ushering at the symphony hall or backstage at a local theater. Paul dreamed of living the life of the performers he saw. He was without discipline and without direction. He had problems at school and was surly when called before a school committee. Eventually he was pulled out of school and sent to work by his father. He devised a scheme to steal money from his employer and then ran away to New York City where he stayed at the Waldorf Astoria, living for a few days the life of his dreams. When he realized that he would have to return home and accept his puni shment he killed himself. Paul felt like his father, his uncaring teachers and classmates weren’t worthy of his company.   Ã‚  Ã‚  Ã‚  Ã‚  Paul has entered the theater through the backstage door and the actors are coming off stage and walking up the steps to the dressing rooms. The first shot is of Paul looking up at the actors and talking to them. The camera shot is a bird eye view of Paul looking up at the actors. He looks up to the actors and feels they are better then everyone. They are the best of the best and Paul wants to be like them. Then the scene switches to an ants view of the actors. This symbolizes the fact, that they are high class and they are looking down at Paul. The next scene is again a bird’s eye view of Paul looking up at the actors and then another ant’s view of the actors looking down at Paul. This shows how Paul viewed the actors, he thought they were the highest class and he wanted to be just like them.   Ã‚  Ã‚  Ã‚  Ã‚  In this scene Paul has just entered the hotel after stealing the money and running away to New York. There is a long shot of the inside of the hotel and Paul has just walked through the door and is walking closer to the camera.

Racial and Ethnic Groups Matrix Essay

Is this an ethnic or racial group and why? Where did this group originate? How did this group become a part of American culture? What challenges has this grouped faced in the U.S.? How is this group portrayed today in American society? Have you witness any racism or prejudice toward this group? Any additional comments? Native Americans Native Americans are considered a racial group because of the large population Native Americans came to America from Asia in the last Ice Age. Native Americans became a part of American culture with the arrival of horses. The increased mobility helped encourage a period of prosperity for Native American groups whose territories were expanding with hunting. Horses became a part of the spiritual, economic and political culture of Native Americans The biggest challenge for Native Americans is coming through assimilation both force and voluntary. The American people and the US government made various efforts to assimilate Native Americans which included but does not limit federal policies, education, religious acculturation. These physically separated Native Americans from the rest of the United States and imposed nonnative forms of housing such as land use, agricultural and hunting methods Native Americans relationship with the United States government beginning before the American Revolution with the signing of treaties for trade and friendship between Native Americans tribes and European-American colonies. I personally have not witnessed any racism or prejudice towards this group. African Americans African Americans are a minority group. However Blacks is the race where African Americans can classify themselves when it comes to race. African Americans were involuntarily captured and transferred from Africa to colonies throughout the Western Hemisphere to become slaves. In recent years, African Americans have started to demand their history as most people think that American history is just the history of white people. The biggest challenges African Americans face in the US are high out of wedlock birth rates, absent of fathers, and the lack of family support for young African Americans. Media in today’s society portrays young African Americans as criminals, crime victims and predators. According to the Black Agenda Report, it is said that â€Å" The perception of African Americans and other people of color as inferior to whites is rooted in the nations legacy of racial hierarchy†. I haven’t experienced or seen racism towards African Americans but I do recall when Trayvon Martin was killed. Society blamed the shooting because Trayvon was black. While jurors disagreed, many people still feel injustice was served. Hispanic Americans Hispanics are considered an Ethnic group. Hispanics came from a number of countries including Cuba, Spain, Mexico, and Puerto Rico in addition to other South American countries. A number of obstacles had to be handled by Hispanics in the US. In my opinion, the biggest obstacle they had to face is getting a job. Hispanics are typecast as low-level employees, and only a small number of Hispanics are part of upper management in the United States. Hispanics have also been typecast as unskilled workers and troublemakers in the past. They are also considered to be antagonistic and unrefined. As a Hispanic, I have felt prejudice because of the color of my skin. For example a few weeks ago I was in Des Moines and I felt out of place because of the color of my skin. Mexican Americans Majority of Mexican Americans holds religious faith and traditions that are important factors in their everyday life. This is their main difference from other Hispanic groups. Mexicans migrated from Spain and Mexico. They established themselves in the  southwestern states of the United States. Employers requested the Mexicans to be brought into the country in 1942 to fill the labor demand. Mexican Americans also have to deal with a number of obstacles such as being considered as second class citizens and apprehensions on the legality of their immigration. Mexican Americans today are depicted to provide inexpensive labor for occupations that are normally favored by majority of Americans. My parents are Mexican Americans and I have heard stories of where they were discriminated years ago because they were Mexicans in the United States. They worked hard for what they had and yet they felt belittle by Americans. Muslim and Arab Americans Arab and Muslim Americans are very religious and have a good amount of faith. Although these two ethnic groups are typically viewed as one, they have a number of differences. Arab and Muslims come from Middle Eastern countries like Iraq, Morocco, Saudi Arabia, Somalia, and Syria. A number of ethnic groups were influenced by their customs and traditions. They perform a number of work-related functions like managing stores in low-income communities. Arab and Muslim Americans had to deal with a number of obstacles in the US. These obstacles range from a prejudice to abhorrence. A good number of people have a negative view of their religion. Arab and Muslim Americans have been depicted by the US media as barbaric and dishonest especially after 9/11. Americans don’t trust Muslims and Arabs because of what they did to us Americans. Although I have not observed any discrimination against this ethnic group, the media demonstrated prejudice against them after 9/11. Asian Americans The features of Asian Americans demonstrate their difference from other ethnic groups. Asian Americans originally came from the Pacific Islands, China, the Philippines and Asia in general. The Nationality Act of 1965 facilitated the integration of Asians into the American culture. Asian Americans have to deal with a number of obstacles mainly due to the fact that they feel that American society does not accept them, and they are treated as second-class citizens. Asian Americans are known for their excellence in education and technology. They are also successful in their chosen careers. I have not observed any discrimination against this ethic group. Jewish Americans Jewish Americans have a similar culture and religion. A person has the choice of being a Jew. Jewish Americans migrated from a number of countries in Europe including England, Germany and Poland. They also come from the former Soviet Union. Following a decline in the economy in their respective countries in the 1700s, a number of Jews migrated into the US and became integrated into American society. The strengthening of the US economy also contributed to this influx of Jews into the US. One obstacle that Jews had to deal with was when they were blamed for the fiscal crisis in the US. Presently, Jewish Americans represent the second biggest ethnic group in the United States I have not observed any discrimination against this ethnic  group. Anglo Americans Anglo Americans is a diverse ethnic group that features some differences in their skin color and religion. Anglo Americans migrated mainly from Germany, Ireland and England. A good number of them arrived in the US sometime in the 1800s. Anglo Americans have to deal with a number of racial issues in the US since they do not consider themselves as a single race. Other ethnic groups also look down on them as a group. Presently, Anglo Americans are depicted mainly as a dominant culture in the US. They consider the United States as their country and they show that through their actions. This outlook is supported by the media in the US. I have not observed any discrimination against this ethnic group.

Agamemnon Essay examples - 713 Words

Agamemnon Agamemnon is the first book in the Orestiean Trilogy written by the famous Greek tragedy writer, Aeschylus. Agamemnon is a story of justice and revenge. The story takes place in a city called Argos. It starts with Agamemnon, the king of Argos, away at the Trojan War. The city is eagerly awaiting the news of their king’s welfare and the outcome of the war. Watchmen are posted in the city, watching for the beacon that would report the capture of Troy and Agamemnon’s return. Beacons are set up from Troy to Argos; when one beacon is lit, the next one will be lit, until the last. The play starts when a palace watchman discovers the beacon and tells Agamemnon’s wife, Clytemnestra, the good news. The chorus enters relating the story†¦show more content†¦Clytemnestra goes into the palace threatening Cassandra and leaves her alone with the chorus. Alone with the chorus, Cassandra starts going into trances. She seems to break down, asking why Apollo has brought her to Argos just to destroy her again. She then talks about a woman entrapping a man. She says, â€Å"The treacherous water’s poured, the lustral bath is full; she holds him in a trap made like a gown- she strikes! He crashes down! Listen! It is treachery, treachery, I say!† Cassandra walks fearfully into the palace, then the chorus hears Agamemnon’s cry for help. After some deliberation of what to do, they go into the palace only to see Clytemnestra over the dead bodies of Agamemnon and Cassandra. Clytemnestra tells that the reason for this seemingly wrong act was to do justice for Agamemnon sacrificing their daughter. Clytemnestra’s lover and partner in crime, Aegisthus, enters the palace with an armed bodyguard and justifies his part in the crime. He tells of Atreus’, Agamemnon’s father, sinful act against Thyestes, Aegisthus’ father. The chorus finds Aegisthus guilty of the treasonous act of killing the king and just hopes for Agamemnon’s son, Orestes to return and end this injustice. Agamemnon has a good story line; it is a story about the meaning of justice and the carrying out of revenge. However, the way the story was written, with many long discourses byShow MoreRelatedEssay on Agamemnon959 Words   |  4 PagesAgamemnon was the son of Atreus, the brother of Menelaus and the brother-in-law of Helen; he was told to sacrifice his daughte Agamemnon was the son of Atreus, the brother of Menelaus and the brother-in-law of Helen; he was told to sacrifice his daughter Iphigenia to atone for the killing of a deer sacred to Artemis so that the Greek fleet could have wind to sail to Troy. However, Artemis snatched Iphigenia away at the last second and transported her to Tauris (now known as the Crimea)Read MoreAgamemnon-Christian Perspective1307 Words   |  6 PagesAgamemnon Justice And Vengeance. Justice delivers the just recompense or payment for wrongdoing or transgression of a law. Justice evokes the feeling of equality and fairness. Wrongs done – wrongs rewarded. In so doing we live life as law abiders and not law breakers and have a reasonable expectation of abiding in civility, and not rebellious mayhem. Vengeance, on the other hand, is the emotional response to a perceived wrong without regard for how it stands up against the rule of law. ItRead MoreMedea And Agamemnon1445 Words   |  6 PagesAncient expectations for women include always putting the responsibilities of being a mother above all else, as shown in Euripides’ Medea and Aeschylus’ Agamemnon, as well as Euripides’ Iphigenia at Aulis. Both Clytemnestra and Medea exhibit motherly love and tend to those responsibilities, but commit atrocious, unladylike acts, which jeopardize the sympathy felt for them by an audience. The respective playwrights of each story use their characte r’s motivations and how they align with their rolesRead More Agamemnon Essay1109 Words   |  5 Pagesof the chorus and introduced a second actor. Between the years of 484 and 458, he won awards at the festival in the City Dionysia. He wrote more than ninety plays, but only seven survive. The oldest of these is The Suppliant Maidens. The trilogy, Agamemnon, Choephore, and Eumendis, was not long before 458. Aeschylus acted in his own plays. nbsp;nbsp;nbsp;nbsp;nbsp;His family belonged to an old Athenian nobility and, as part of his duty, he fought in at least two wars where the Greeks defeatedRead MoreReview of Agamemnon by Aeschylus Essay512 Words   |  3 PagesReview of Agamemnon by Aeschylus *No Works Cited The play Agamemnon, a Greek playwright written by Aeschylus, starts out after the fall of Troy at the palace of King Agamemnon. A watchman watching for a flare in the distance spots a light in the distance, signaling that the end of the war has finally come after many years. After the King comes home, the â€Å"chorus† (high authorities I think?) talks about the war and about the fact that it was fought over a woman. Around this time, the chorus isRead MoreThe Story Of Odysseus And Agamemnon1191 Words   |  5 Pagesother until they meet. The story of Odysseus and Agamemnon has striking similarities, not meeting until one point, where the stories barely brush up against each other. But that small window of meeting shows an entire other story which has already been told, with a different set of names, places and problems. Homer created these character parallels as a way to explain things, to say things twice, to really help us understand. Odysseus and Agamemnon posses a great deal of qualities that seem almostRead MoreAgamemnon And Achilles Essay1279 Words   |  6 Pagesthe battle logs during the time of conflict between Agamemnon and Achilles, the text’s tragic protagonist. The heroic outlook on life, in Iliadic terms, is exemplified through the construction of one’s honor through hard work. Being an aspect of the heroic outlook of life, this value is demonstrated through his contribution and dedication to the Trojan War, his experience with neglect from the deities, Achilles’ overall disdain towards Agamemnon, and, lastly, his longingness towards Briseis, his dearRead MoreAgamemnon Essay examples600 Words   |  3 PagesAgamemnon Agamemnon is the first play of Aeschylus’ trilogy, the Oresteia. Aeschylus was the first of Athens’ three great tragedians; the others: Sophocles; Euripides. The Oresteia was also the first Greek tragedy trilogy written. As Greeks of this epoch focused on humanist ideas, so did Aeschylus. He devoted his genius to serious contemplations of humanistic questions, such as the nature of justice. Other humanistic values are honor, truth, compassion, loyalty, devotion to family andRead MoreThe Tragedy Of Agamemnon By Sophocles Essay1800 Words   |  8 Pagesdiscussing Greek tragedies, there is a theme of anger and revenge that is somewhat underling in many texts of this tragic nature. In Agamemnon by Aeschylus the main character Agamemnon faces these constructs head on mostly as a direct result of his decision to sacrifice his daughter. However, this is not the only case where anger and revenge is exhibited in the tragedy of Agamemnon as in truth it runs rampant througho ut the text. Another tragedy that exhibits these traits is that of Medea written by EuripidesRead MoreEssay about Agamemnon742 Words   |  3 Pages In Aeschylus’ Agamemnon there are many different opinions about what kind of king and commander Agamemnon was. Some argued that he was good, while others dispute that his motives were wrong. Clytemnestra, Agamemnon’s wife, gained a strong hatred for him, after he sacrificed his own daughter so he could go to war. Many believe that this was not necessary and could have been overcome. The chorus seems to agree with this to an extent, and feels that Agamemnon could have prayed and requested that he

Receiving Bonuses When Banks Have Been Bailed Out Finance Essay - Free Essay Example

Sample details Pages: 3 Words: 893 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? As expected, the answer to this question cannot be framed in a simple Yes or No, because it is a complicated situation where the financial sector employees are gifted with huge bonuses to retain them and keep them motivated but it is highly debatable as to how feasible it is to continue doling out bonuses even when they are being bailed by the national governments during the recession. The Secretary of Financial Services UK, Lord Myners clearly indicated that there has been improper management of financial institutions during crisis which led to such widespread wreckage of financial system (Tanners, 2009). President Barack Obama called the bonus payments by the Wall Street firms as reprehensible while the US banks, financial firms and companies suffered from deep recession in US and other countries. Don’t waste time! Our writers will create an original "Receiving Bonuses When Banks Have Been Bailed Out Finance Essay" essay for you Create order He called it as the height of irresponsibility. A shocking example of related activity was the decision to purchase a corporate jet plane worth 50 million dollars by a big name- Citigroup Inc. while it was being rescued with help from Troubled Assets Relief Program (TARP) in US. This shows that the financial firms kept on paying bonuses despite of being aware that they themselves were in deep trouble. White House Secretary went on to say that this sort of shocking acts by firms will destabilize the financial system instead of bringing it up from shocks (Goldman and Runningen, 2009). There has been huge uproar in the US and UK financial systems with banks paying out bonuses while the public is losing its money. A recent example of such unappreciated activity is the Royal Bank of Scotland, RBSs proposal to pay  £1 billion worth bonuses after being able to prop up  £20 billion worth of public money. It appears to be a clear flouting of regulations that seem to be put in effect by th e governments. It seems to be almost ironic how the banks and financial executives kept paying themselves big packets of bonuses and when they ran into recession; they were completely unaware of how it all happened. But even more appalling is that the practice continues. No different is Lloyds Group which has been severed during recession; however that doesnt repel it from planning to pay several hundred million pounds of bonuses to its top executives (Brady and Randall, 2009). Somewhere it appears that this is advertently a matter of personal benefits. I will present some examples of large scale of salaries and bonus payments to top executives of UK banks who have been questioned regarding the bonus fiasco. Some of them are: Sir Fred Goodwin (Executive chief) of Royal Bank of Scotland earned around  £30 million over 9 years and has received a pension worth staggering  £8.37 million. Lawrence Fish (Non-executive chairman) at the Royal Bank of Scotland received  £6.6 m illion in salaries and  £1 million in pension. Peter Cummings (Former head of Corporate Lending- Halifax Bank of Scotland (HBOS)) earned  £2.6 million in 2007 including a bonus of  £1.8 million. John Varley (Chief Executive of Barclays Inc.) earned  £2.42 million in 2007 and a bonus of  £1.425 million. Bob Diamond (Former Chief Executive of Barclays Capital Investment Bank) earned a total of  £21.3 million in bonuses since 2005. Source: The Independent, UK The obvious result of such high bonus payments is the increase in risk taking by firms. The more the risk the higher are the probabilities of supernormal profits which ultimately means more bonuses for bankers and financial executives. This was obvious in case of aggressive expansion policies of Barclays and RBS and aggressive lending policies of Northern Rock in UK. The motive naturally, was to enhance profitability but with a view to raise bonuses for top shots (Pettinger, 2009). Had the motives of banks been less personal and more economic, we probably wouldnt witness a series of collapses, both of economies and faith of taxpayers. Such reckless behaviour of top officials from financial services sector has been widely reprimanded but they dont seem to take a lesson from it and continue on their bonus payment spree. If we try to look closer and in more detail, we will find that bonus, indeed has been a major factor in crisis. However there is more than meets the eye. Accord ing to Wright (2010), though the people in financial services chose the sector because of the intellectual stimulation it provides, they ended up being trapped in the bonus bubble as it sure doesnt hurt to earn more money after all. In the article- The inconvenient truth about bonuses Wright explains how bonuses show little correlation with the levels of performance. The fundamental problem here is to decide how much bonus is acceptable and when does it become too high. His analysis reveals that the remuneration levels are too high relative to the earnings of shareholders. To show it through an example, investment bank Credit Suisse earned an aggregate return of merely 4.4% while it paid its staff more than 8 times the left over profits (Wright, 2010). We need to understand that bonuses are no more a means to motivate or a form of incentive for rewarding performance of employees, high bonuses have become an integral aspect of remuneration in the financial services sector and the pra ctice must be controlled in order to facilitate the recovery processes and avoid another crisis in crisis. Are trade unions still relevant in the current organisational context? Identify the reasons for and against their continued existence, providing examples from personal experience and/or recent business events.

The Manner in Which Online Banking Has Evolved for HSBC Bank and the M Research Paper

Essays on The Manner in Which Online Banking Has Evolved for HSBC Bank and the Manner It Is Creating Problems for the Banks Research Paper The paper â€Å"The Manner in Which Online Banking Has Evolved for HSBC Bank and the Manner It Is Creating Problems for the Banks† is a   delightful version of a research paper on marketing. The growth in technological advancement has made people look towards more advanced ways in the banking system. The banking system, as a result, has evolved and provides complete internet solutions to the people. The study helps to highlight the manner in which internet banking has evolved for HSBC Bank.Understanding the requirements of the customers and developing services accordingly is the main objective of the baking system. The study presents the manner in which online banking is creating a problem for HSBC customers and ways that will help to improve online customer banking satisfaction.The rationale of the studyThe study on the problem due to online banking for HSBC bank is being conducted due to the following reasonsUnderstanding the manner in which online banking has revolutioniz ed the banking systemThe growing use of online banking despite scams and frauds being an inherent part of itObjectivesIt is important to identify the objectives of this study so that a clear direction is given to the study and the importance of the study magnifies. The objectives areTo find the current situation of online banking in HSBC BankTo identify the problems surrounding online banking in HSBC bankTo find out the customer expectations and what does online banking provides in realityTo find out ways in which the magnitude of the problem associated with online banking can be reducedAbout HSBC bankHSBC is one of the largest banks established in London. The bank has around 8000 offices in 87 countries all over the world (HSBC Website, 2011). The bank was started in 1865 and has grown to different countries. The offering by the bank has grown and the use of technological advancement has made it easy for HSBC bank to provide quality service.HSBC bank offers a variety of products an d services based on the customer requirements which have helped the banking institution ensure quality in service. HSBC bank has recently faced certain issues due to technological advancement which has created doubts in the mind of people and customer satisfaction has reduced due to it.The above graph shows the manner in which HSBC bank works and the different mechanisms it uses to provide customers varied services. The above chart shows that HSBC bank uses online banking as a medium to provide goods and services to the customers which result in additional pressure for HSBC bank due to the technological advancement and problems associated with it.Literature ReviewThe literature review which are past studies conducted in the same direction and highlights the issues and importance being laid on online banking. Some of the notable studies in this direction are as followsA study in this direction says that security is a major issue that surrounds online banking and customers are willing to switch to online ways but security needs to be looked after (Martin, 1998). Along with these banks should ensure that their website is cluttered with advertisement thereby making it difficult for the customer (Hamlet, 2000) to use online services to the fullest.This has been further substantiated by the fact that attitudinal factors have relevance to people using online services (Tan Teo, 2000) which gets further influenced by prior experience of using technology (Karjaluoto, 2002). The fear in the mind of customers using online facilities gets magnified due to information sharing and distrust (Rotchanakitumnuai Speece, 2004) which arises due to the usage of online facilities.