Off Balance Sheet Financing Practices Essay Example for Free

Off Balance Sheet Financing Practices Essay OBSF is most of the times used by business enterprises to maintain their leverage or gearing positions in such a way which would not have any negative implications on the company. In the business world of today, OBSF is recognized as an important means for raising finance by means of operating leases, joint venture and collaborations with respect to Ramp;D. Following Off Balance Sheet Financing method results in significant variations in the overall financial reporting of an entity. Considering the changes in accounting and financial reporting requirements, it is generally expected that the companies using these technique will be more able to run their operations efficiently. However, keeping in view the case of off balance sheet financing and accounting in this respect, it is argued that while using OBSF companies are able to not disclose entirely the financing of their capital expenditures and thus the information required to be disclosed in this respect is not made available to the interested parties (Tyrrell 1986). This report discusses this area of accounting and explains how OBSF is actually promoted by the market economies and the expectations of increased profits from the companies. The usage of off balance sheet accounting and financing is not new. In the beginning of 20th century, this concept of managing a company’s balance sheet gained fame and the banking and other corporate sector applied this technique in their best possible interest with the main objective of keeping their balance sheets light weighted. Apart from a benefiting role played by the off balance sheet ccounting techniques, there are some serious consequences which are often associated with the application of this concept. As for instance, it is argued that among many other reasons, the practices of off balance financing and accounting also had a significant share in the recent financial downturn (Allen, et al. 2002). In this regard, Enron would be a good example to look upon. While striving for a healthy outlook o f Enron’s balance sheet, the management made use of special purpose entities with the objective of making large transactions which would not appear on the balance sheet of the company. This resulted in a healthy balance sheet outlook with huge of amounts of capital inflows but at the expense of nothing. However, this bubble of progress did not last long as the company’s stock prices started fluctuating sharply and consistently. These events created a sense of being not informed entirely about the company’s operations among the investors and after the Enron’s climax, the regulators jumped in with Sarbanes Oxley Act 2002. The Act was aimed at securing the investments of investors and introducing regulations with respect to corporate social responsibility. But these checks proved to be ineffective upon the emergence of the financial crisis in 2008 (Hall and Liedtka 2007). Increase in the global competition and more expectations from the investors and shareholders to maximize their value of investments are regarded as the driving forces in the market which influence management to improve the financial picture of a company. In addition, these expectations pose pressure on the management to find ways which may result in better presentation of the financial statements and improved earnings (Boot and Thakor 1991). The Banking sector in particular and other sectors in general are mostly seen following this approach. As for instance, there has been observed a trend of investing in such portfolios and instruments which are regarded as high risk investments. But the intention behind this is to improve or strictly stating ‘inflate’ the earnings of an enterprise without having regard to the riskiness of such investment decisions and the fact that the stakeholders of the business need justification of such improvements in the performance in the form of financial statements disclosures. For the purposes of obtaining security on the risky investments, corporations tend to enter into complex third party arrangements which cannot be disclosed in the financial statements. Apart from this, one other motivating factor which is regarded as the major reason behind this approach of management is that they have their own interests and objectives. As for instance, managers are better off in their performance appraisals when the company is showing profits consistently (Boone and Raman 2001). The practices of off balance sheet financing and accounting, as stated earlier, comprise of operating leases, joint venture and collaborations with respect to Ramp;D. Among these options, operating lease holds special importance and is given more consideration by the management due to the fact that they require minimum disclosures in the financial statements and are usually for a long term. Lease accounting is covered by IAS 17, SSAP 21 (UK) and FAS 13 (USA) (McGerty 2004, Lim, Mann and Mihov 2005). Prior to the formulation of these accounting standards, there were no obligations on the companies to disclose in their financial statements the future payments related to lease and therefore leasing was recognized as an off balance sheet financing technique. Apart from leasing techniques, there are various other methods being employed by different companies to move certain items off the balance sheet of the company. The use of off balance sheet techniques has been used to manipulate things. The most commonly used techniques to manipulate the financial information presented in the balance sheet of a company include swaps, variable interest entities (VIEs) and Special Purpose Entities (SPEs) (Ketz 2003). Although these tools have been used by companies around the world for different purposes which are mostly disclosed and transparent but the misuse of these tools has been also observed frequently by way of not disclosing the true facts. This practice has caused major setbacks to the global economy and also shattered the confidence of shareholders and investors (Hall and Liedtka 2007). As for instance, the collapse of Lehman Brothers is argued to have resulted due to off balance sheet approach followed by the company. In order to narrow down its balance sheet, Lehman Brothers moved its assets worth US dollar 50 billion from its balance sheet with the objective of portraying less amount of debt in the balance sheet (Rezny 2010). Keeping in view the above discussion and the facts stated related to the real world cases, it can be said that it is high time for the respective authorities to take measures in relation to this area of financial reporting. It is recommended that the governmental authorities and other financial reporting standards issuing bodies shall intervene appropriately through the right channels to ensure transparency in the financial reporting. Apart from this, the board of directors of corporations shall standardize the decision making processes and perform an effective oversight duty. In addition, it shall be made obligatory for business enterprises notwithstanding the sectors into which they fall, that every transaction shall be disclosed appropriately in the financial statements. Furthermore, the managers shall be motivated not pressurized to perform in the best interest of the organizations (Adams 1998). While concluding this report, it can be said that applying off balance sheet accounting and financing, whether for a good or evil purpose, has become necessary due to the increased expectations of the investors and shareholders related to the profitability of a business concern and also for the purposes of improving the financial statements overlook. Moreover, the lack of regulatory measures in this respect also has its share in promoting the adoption of this approach. Apart from this, it can also be stated that the benefits resulting from off balance sheet accounting are also considered as a means of attaining hidden objectives by managers which in turn motivates them to misuse the concept and benefit from the regulatory loopholes. For the purposes of addressing these issues, it is pertinent that the regulatory authorities who are responsible shall make such arrangements which may promote such financial reporting practices which are more representative of the facts. In addition to this, the disclosure requirements related to off balance sheet accounting and financing activities are required to be revisited.

College Fraternities and Sororities - The High Cost of Social Acceptanc

College Fraternities and Sororities - The High Cost of Social Acceptance College students who choose to join fraternities or sororities do so because of their need for social acceptance. I am personally against fraternities and sororities. I feel that it is money spent for the purpose of â€Å"buying† friends. There are many ways to meet interesting people other than devoting all of your time and money to a club in order to do so. Perhaps the people who join these groups have low self-esteem, social anxiety, or feel that the best way to make friends in college is to pay for them. I find this issue to be interesting because there are many Greek organizations on campus that are constantly advertising and promoting themselves. Non-members have a tendency to either be annoyed or amused with this behavior. To support my thesis I have conducted surveys, interviews and experiments. Because Greek clubs are all over campus, I knew that my surveys and interviews would receive honest responses as to why people join or don’t join. I asked more in depth questions, such as the person’s opinion about the issue. I was pleased with my responses. I conducted an experiment in my apartment as the third step in my research. I threw a party and passed out Mardi Gras beads to most of the people who attended. I was not partial to any gender. Both men and women received beads. My plan was to observe how much social acceptance affects the way people interact with one another. If my hypothesis were correct, people who did not wear beads would either feel left out and group together, or attempt to mingle with the bead wearers and get rejected. But first, the surveys I conducted were regarding why men and women in coll... ...t your community through fund-raisers all sound like good reasons to join. But buying your way into a club is not going to teach you important skills that you will need to know after schooling. Your â€Å"brothers† or â€Å"sisters† are not going to be with you after graduation, so again you will need to start over in making new friends. And after college there is a very limited amount of organizations where this â€Å"brotherhood† or â€Å"sisterhood† can be found. Social acceptance is wanted everywhere. No one wants to be left empty-handed and unwanted. Although people go about getting this acceptance in different ways, people who choose to join a fraternity or sorority are lacking something in their life, whether it is self-esteem or genuine friendships. They have a need to be a part of a group, even if they may need to change their ways and conform to the organizations demands.

Charles Dickens, Great Expectations

The text under consideration presents an excerpt from the novel â€Å"Great expectations† by Charles Dickens who is one of the world’s greatest novelists of the 19th century famous for his criticism of the bourgeois society of his time with its evils and contrasts of wealth and poverty, his unique mastery of character drawing and optimistic point of view concerning life and the world around him.The reader highly appreciates Dickens’s spirit of optimism, his love for common people and his strong belief in the final victory of good over evil as well as his humour which is to be found on every page and in characters and incidents of the greatest diversity. However, Dickens possesses a great dramatic instinct which can be proved by the following extract. On a stormy rainy night a young man named Pip is reading a book when a strange visitor interrupts him appearing unexpectedly.Pip lets him in wondering what has brought the man to his flat. While talking to him Pip su ddenly begins to recognize the guest whose strange behavior confuses the young man. The stranger turns out to be Pip’s mysterious benefactor whom he helped escape from pursuit when a child and this fact shocks Pip so much for he considers his present status to be his own achievement. The convict reveals secret after secret and does not conceal his pride of Pip’s being a real gentleman.The extract under consideration presents a piece of 1st person narration which proves to be more objective from the point of view of the novel protagonist with elements of colorful description and vivid portrayal intercepted with a dialog and flashbacks deepening the reader’s penetration into the character thoughts. The prevalent mood of the excerpt is gloomy, nervous and disturbing, full of anxiety and tension maintained by the weather behind the window of the Pip’s room with an air of approaching disaster.With every coming word the author creates the atmosphere of a lonely stormy evening that brings not only disaster but also renders the character’s thoughts, his state of mind and soul, his vague foreboding of radical but inevitable changes that are both captivating ad dramatic. With the tonality of the narration gradually shifting along the scale of intensiveness the text under analysis can be split into four logical parts and the following names can be suggested for each of them.The 1st part titled â€Å"An anticipatory fear† introduces the reader into the story and forms the background against which all the events take place. The 2nd one bears the name â€Å"The stranger in the room† acquainting the reader with the uninvited guest who is the embodiment of mystery and enigma. The 3d part of the excerpt called â€Å"The present meets the past† provides the reader with some new information concerning the protagonist’s early life and reasons his present behavior.The final part which presents the climax of the extract can be named â€Å"The revelation† answering the questions aroused in the previous parts. Let us consider each part of the text separately. The 1st part of the extract serves as introduction into a stormy and dark evening provoking the whole chain of mysterious and striking events happening to the protagonist of the novel Pip reading a book late at night in his small London flat at the top floor of the building.Every detail introduced by the author is called upon enhancing the gloominess of the atmosphere and preparing the reader for the events forthcoming. To intensify the wretchedness of the weather of the weather the writer resorts to the whole palette of stylistic devices – numerous repetitions (â€Å"stormy and wet, stormy and wet†, â€Å"mud, mud, mud†) to form the background against the events take place and gradually draw the reader into the story who comes across another SD – polysyndeton (and†¦ and†¦ and) that is another type o f repetition which intensifies the increasing strain and growing nervousness.Apart from that Dickens metaphorically compares the clouds with a heavy veil which being vast, heavy and all-embracing covers the whole city reinforcing the image of inevitable disaster by means of hyperbole (an eternity of cloud and wind, the worst day of all) lending an additional expressiveness to the narration. The wind is personified by the author and likened to a terrible monster, primeval beast which deals death and destruction and demolishes everything in its way (violent blasts, rages of the wind, the wind assails and tears the sound) in order to emphasize the implied feeling of the ramatic events coming. The lexical expressive means are strengthen by definite syntactic structures used by Dickens to contribute to a more colorful and probable presentation of the scene. The expressive intensive sentence â€Å"So furious had been the gusts† brings additional vividness and luster to the descript ion is accompanied by a SD of detachment which primary function is to add significance to the part of the sentence manifesting itself in the following phrase: and gloomy accounts had come in from the coast, of shipwreck and death.The time is flowing carrying away the last moments of Pip’s peaceful reading and the final one is burned out by the Saint Paul’s and all the many church-clocks striking. In this paragraph the author’s godsend is the use of SD of onomatopoeia (the sound of the clocks striking – leading, accompanying, following) that perfectly presents the idea of the clock chime as a sign of approaching danger or disaster.The parallel construction of this sentence is backed up by anaphora accentuating the temporary state of affairs (some†¦ some†¦ some). The SD of parallelism is also used by the author in the next phrase â€Å"The sound was curiously flowed by the wind and I was listening and thinking† which is gradually bringing t he reader to the 2nd part of the excerpt â€Å"The stranger in the room† further intensifying the tense atmosphere of the 1st one.Gloomy prophesies turns out to be true – the strange uninvited guest is coming up the stairs to intrude into Pip’s apartment and Pip’s life. Dickens masterfully resorts to the SD of metonymy to maintain the air of mystery and growing suspense – Pip hears a footstep, not a man (I heard a footstep on the stair, the footstep stumbled), talks to a voice that seems to be the echo of his own words (There is nothing the reflected by matter? Nothing the matter†¦) presented by anadiplosis, sees a face – larding the image of the stranger with a special choice of words including epithets rendering not only the character’s thoughts but also enhancing the general sense of anxiety the whole extract is permeated with (nervous folly, awfully connected, dead sister, blown out lights, incomprehensible air, mere instant, the darkness beneath, a shaded lamp etc. ).The author has a firm grip on reader’s interest inserting an indefinite pronoun â€Å"whoever† which precedes the actual description of the night visitor built by the author with the help of antithesis (he was substantially dressed, but roughly), simile (like a voyager by the sea and tha abundant use of various epithets (muscular man, strong on his legs, large brown venous hands, browned, hardened). His hair is metaphorically called iron-grey, and judging by his appearance one might say that this person is used to hard work.The paragraph is practically built on parallel constructions backed up by anaphoric repetition (that†¦ that) to make the description of the stranger more expressive. Pip gets involved in the conversation with his visitor and we cannot but notice that these principle characters are opposed to each other at different levels and in different ways – both in speech and their attitude towards each ot her.All kinds of deviations from standard English – phonetic (arter, fur). Grammatical (you’ve grow’d up, I have never forgot it, you was a saying, wot) and lexical (nigh, alonger) are typical for Pip’s guest speech as contrasted to Pip’s highly educated phraseology that forms the huge gap between these two people that at first sight seems to be insuperable.Besides with the dialog intercepted the reader should pay the closest attention to the politeness the visitor addresses with to Pip (by your live, Master) and Pip’s inhospitable answers and nervous reactions finding their expression in such words as â€Å"resent the recognition of brightness, unwilling, ask as civilly as he can† revealing his inner shapeless fears and temporary mental state.One must feel the constant intention of the stranger to reach to Pip, to express joy caused by the sight of him (bright and gratified recognition that shone in his face), holds out both his hand s to Pip – the phrase which runs like a refrain through the whole text merging its parts to a single whole and totally enjoys the view of Pip’s flat â€Å"looking about him as if he had some part in the things he admired†.Ascribing some positive intentions to the strange visitor on the one hand the author intensifies Pip’s negative attitude towards him on the other, laying an emphasis on the fact that Pip suspects the stranger to be mad, recoils from him talking to the interlocutor even in somewhat humiliating way (Why do you, a strange coming into my rooms at this time of the night, ask that question? ) when the first hint at disappointment of the night visitor gradually realizing him being an uninvited guest appears expressed by the epithets (his coarse broken voice) and his moment hesitation presented by epiphoric repetition (I’ll speak in half a minute.Give me half a minute, please) although his strong believe in Pip and his admiration remain u nshakable. The atmosphere of growing suspense and tension maintained in the previous part bursts into a well-considered moment of recognition causing a tsunami of thoughts and feelings that threatens to devour the principle character. Pip’s night guest turns out to be the convict he helped escape from pursuit long time ago – and now this man so suddenly and unscrupulously interferes with Pip’s life.In order the reader forms a clear view of the situation, the author gives a flashback into the past events proceeding the present ones with a perfect use of causative-consecutive ties and connections. It is necessary to point out that repetition takes various forms in this paragraph. By means of anaphoric reiteration (For I knew him, but I new him, I knew him now! ) the writer sets an unmistakable rhyme reinforcing with every beat of Pip’s heart his feeling of realization and anxiety that is immediately communicated to the reader.No need to take a file, no need to take the handkerchief, no need to hug himself – there is something sinister about the fact that the phrase â€Å"no need to† is repeated so many times that the reader may find disturbing. As always when a repetition takes place, it results in a parallel arrangement of constructions (had driven away, had scattered, had swept us to the churchyard) which is meant to accentuate certain significant details of the past horrible for Pip.The constant use of the verb â€Å"to know† which is definitely a key word of the paragraph deserves special attention, as it is employed so as to emphasize the very fact of recognition. Moreover, the author resorts to a special choice of words aimed at lending an additional expressiveness to the moment described to produce the greatest possible effect achieved by the smallest possible means: to detect, to recall, feature, recognition, identity, suspect, consciousness, distinctly etc.The dramatic opposition of the characters previou sly introduced by Dickens finds its further development in the course of narration when being under the influence of moment hesitation Pip finally gives his hands to the convict – reluctantly – who grasps them heartily, and kisses them, and holds them which forms a kind of antithesis in the attitude of the personages towards each other. While the convict interprets Pip’s unconscious resignation as a good sign even going to embrace him, the protagonist overcomes his shock and astonishment to keep the distance (I aid a hand upon his breast and put him away) raising his voice in a fit of anger and in his desperate desire to be as far from this man as possible. The author favors reiterations in great abundance expressing one and the same idea from different angles to reveal Pip’s hesitation, lack of self-confidence with the help of root repetition (grateful, gratitude, to thank, to be thanked), anaphora (I am glad, I am glad) and chiasmus (I deserve to be tha nked, you have come to thank me).As the author puts it Pip loses his self-possession not knowing what to do and the SD of aposiopesis (But surely you must understand – I†¦) is an excellent proof of it. The last phrase of the sentence bringing up the paragraph may be regarded as a logical summing up of what was previously said presenting the reader with a magnificent metaphor â€Å"the words died away on my tongue† proving to be an apotheosis of Pip’s temporary state of numbness and shock.While analyzing the text we must take into account the fact that both characters are presented in evolution – but each of them in his own unique way. At the beginning of the excerpt Pip is self-confident, self-reliant, a bit arrogant considering himself to be a master of the situation although this state does not last long. Pip tries to keep at the same level of formality but he is confused, nervous, anxious. Pip recognizes him but he’s unwilling to renew the chance intercourse with him (But our ways are different ways).In the course of narration he suffers lack of words and numbness while concerning the convict Dickens makes a well-thought-out swift in the mood of the personage shifting from friendly tone to somewhat ironic and self-assured one. The convict also repeats himself but deliberately as it produces quite a different, even opposite impression on the reader – his speech is now imbued with bitter disappointment and irony seems to be a perfect tool for its expression.Apart from this he tries to sound poetic (many a thousand mile of stormy water, since you and me was out on them lone shivering marshes) and all the dialect and uneducated features of his speech prominent not only in phonetics, but also in vocabulary and syntax cannot prevent the reader from perception of his romantic nature. In the stream of consciousness Pip turns off to his past again remembering some significant details about his acquaintance with the conv ict.Dickens resorts to anaphora (I was a poor boy, and to a poor boy they) to lay a special stress on the fact mentioned intensifying it with oxymoron (they were a little fortune) to lend probability and additional expressiveness to the description of Pip’s joyless childhood full of hardship and privation. The fact that the convict gave some money to Pip finds its reflection in the present when Pip is trying to repay to him to split all the bonds between them and get rid of the feeling of obligation. The protagonist’s actions insult the convict who does not care of money, burning them down.It is necessary to point out that Pip’s actions are connected polysyndetically to indicate Pip’s hurriedness and nervousness whereas the convict’s actions are joined asyndetically displaying perfectly his self-reliance. The contradictions of the convict’s manifest themselves in the recurring SD of chiasmus (with a smile that was like a frown, and with a fr own that was like a smile) employed by the author confuse Pip even more when the night guest puts a question truing to sound greatly and deeply ironically – May I make so bold as ask you how you have done well? laying a special stress on â€Å"how† which is italicized. The question influences Pip in a strange and frightening way and the author reinforces his hidden fears using the emphatic it-structure in the following sentence – It was only now I began to tremble – in order to mark the moment when Pip’s numbness is ready to set him free giving way to much wilder feelings and emotions. To impart to the paragraph its own stylistic value Dickens resorts to the SD of metonymy (lips had parted and shaped some words that were without sound) to deepen Pip’s hesitation and feeling of uncertainty.The question is piled on the question while the convict deliberately disparages himself (a mere warmint) to let Pip feel in full measure, keenly, acutely t he convict’s ironic attitude towards him as a naive boy who thanks his lucky stars having no slightest idea of his real benefactor. Along with the epithet â€Å"wildly† the author make use of a colorful simile – with my heart beating like a heavy hammer of disorder action – and the SD of suspension (as to the first figure now.Five? As to the 1st letter of this layer’s name, now. Would it be J? ) to introduce the reader into the final part of the extract under consideration containing the denouement of the whole text. The final part of the text presents the climax of the excerpt with Pip’s state of shock being underlined in a number of ways and exaggerated. The author’s chief weapon is hyperbole. The abundant use of hyperbolic plural orms (disappointments, dangers, disgraces, consequences) blended with metaphoric (all the truth of my position came flashing on me, rushed in in such multitude) and some other hyperbolic expressions (I was borne down, had to struggle for every breath, could not have spoken one word though it had been to save my life, suffocating) give the reader a vivid sense of revelation befallen Pip who is about to faint which is proved metaphorically by the author (the room began to surge and turn) as well as metonymically (bringing the face that I now well remembered).The final part is based on the SD of suspense which makes the idea of revelation more prominent and surely holds the reader’s attention till the very last word. The use of emphatic it-construction (It’s me wot has done it! ) deepens the reader’s understanding of it. The last paragraph is practically built up on parallel constructions backed up by anaphoric repetitions (as ever I earned a guinea, that guinea should go to you, as ever spec’lated and got rich, you should get rich) and the SD of antithesis (I lived rough, that you should live smooth, I worked hard that you should be above work).Rhetorical qu estions that do not need any answers but stimulate some meditations upon the real state of affairs strengthen the crash of all Pip’s great expectations. Disparaging himself deliberately the convict desires to sacrifice a lot for Pip’s sake that emphasizes his magnanimity and Pip’s pettiness. The young man’s happiness is the only compensation he needs and exclaiming – I could make a gentleman – and, Pip, you are him! – he sounds proud and satisfied with what he has done.In his novel Dickens touches upon some burning issues of his time in a life story of a young man whose being poor and lonely gets a chance to change all his life with the help of money and the power they give abandoning his friends and family, almost betraying the only people who ever loved him. With an ironic and satiric touch the author uncrowns all the great expectations of the young man who is subject to go through disappointments of his adult life much harder to ov ercome than childhood ones. For me the great value of the extract consists in my desire to read the whole story appeared while analyzing this text.To tell you the truth I’ve experienced some controversially feelings reading this passage trying to understand it completely and utterly. As they say good deeds are those you are not telling of so no matter how proud you are of your success and your achievements concerning some other person’s destiny you should not come to him to point out the connection between your actions and his fortune in order to avoid the annoying feeling of obligation, especially in case you do not know this person well enough to make him feel obliged.From my personal experience I cannot but say that friends and family will realize themselves whether they should thank you or not, as regards some other people you’ve ever secretly helped – sometimes it’s even a pleasure to watch them coping with their lives knowing that you’ ve taken part in their success but keeping it to yourself to enjoy privately. Good deeds will be rewarded in any case – no need to force people thanking you or this gratitude will bring no good.

The Role Of Achievement Motivation - 1732 Words

CHAPTER FIVE SUMMARY, CONCLUSION, RECOMMENDATIONS AND SUGGESTIONS FOR FURTHER STUDIES 5.1 SUMMARY Over the years there has been hue and cry on industrial development in Nigeria. But the focus was mainly on the governments’ contribution and its activities like intervention policies and program to realize this goal. Furthermore, huge budgetary allocation designated, and plunged into the sector notwithstanding, only modest success, if any had been recorded. Consequent upon this, this research topic was thought out, to depart slightly and investigate into some of the impediments, and X-ray the human variables in realizing this objective. Hence, â€Å"The role of achievement motivation in industrial development in Nigeria†. Volumes of literatures were reviewed, and data was collected and analyzed. The research work was aimed at finding out the extent to which the need for achievement motivation, the intrinsic and autocentric self-directed enthusiasm from childhood could be instrumental to industrial growth and development. The approach therefore, takes departure from the extrinsic factors responsible for an individual motivation. Hence the research concentrates on the manufacturing sector. Questionnaires were administered to managers, supervisors, departmental heads-occupying highly sensitive position at the apex and junior staff. Through the investigation and analyses of the data, it was revealed that here is a significant relationship between lack of industrious labour force andShow MoreRelatedThe Role Of Achievement Motivation On Industrial Development : A Study Of Port Harcourt Municipal Essay1587 Words   |  7 PagesFULFILMENT OF THE REQUIREMENTS FOR RN TO MSN PROGRAMME OCTOBER 7TH 2016 THE ROLE OF ACHIEVEMENT MOTIVATION IN INDUSTRIAL DEVELOPMENT IN NIGERIA (A CASE STUDY OF PORT HARCOURT MUNICIPAL) ABSTRACT This study focused on â€Å"The Role of Achievement Motivation in Industrial development: A study of Port Harcourt Municipal. The onus of the research was to X-ray the extent to which the role of achievement motivation from childhood could be instrumental to industrial development in Nigerian. In additionRead MoreChildren s Academic Achievement, And The Mediation Role Of Self Regulated Learning850 Words   |  4 Pageslinking children s academic achievement, and the mediation role of self-regulated learning. 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