Essay about Unit 1 Cache Level 3 in Childcare and Education

E1/E2 - Three different types of settings which provide care and education for children in the Birmingham area Primary School A primary school is a statutory sector which is funded by the government through payment of taxes. By law, this service must be made available to young children in the UK. The targeted age of children that attend Primary school ranges from 5 to 11 years of age. A Primary school is a structured environment which helps support young children to develop and perfect basic skills needed in life; some of which are: reading, writing, and social skills. Primary School starts at 9am and ends at 3:30pm depending on a breakfast or after school clubs. Like any other organization, there is an organizational structure by†¦show more content†¦There are four main Legislation that deal with children’s welfare within the Birmingham City that supports the rights of children and these Legislations are: Children Act 1989- (Partnership with parents is crucial) The Children Act 1989 introduced â€Å"parental responsibility† not just parental rights so therefore statutory services like schools and nurseries must include â€Å"Partnership with Parents† Within my setting and by the Children Act 1989 that came in to force in England and Wales in 1991 it is important for the practitioner to be in partnership with parents. This is to ensure that the needs, interest and decisions of the child comes first and are being met. Also, it is by law that parents be responsible and knows everything about their child when they are away from them or home. This can be done by having a two way relationship with parents for example parent’s evenings, this is when staff discusses children’s progress open days so parents can come in be welcomed and look around their child’s school or nursery. There can be coffee mornings, sharing information or just giving feedback to parents when they pick their child up from school at the end of the day. The welfare of the child is paramount and that is why partnership with parents is crucial. Many schools and nurseries also have bi-lingual staff for children who do not speak English fluently so that the parents are fully aware of what is going on in a school atShow MoreRelatedLearning and Social Care Essay examples30870 Words   |  124 PagesCACHE Qualification Specification CACHE Level 3 Diploma for the Children and Young People’s Workforce (QCF) CACHE Level 3 Diploma for the Children and Young People’s Workforce (QCF) CACHE  © Copyright 2011 All rights reserved worldwide.    Reproduction by approved CACHE centres is permissible for internal use under the following conditions: CACHE has provided this Qualification Specification in Microsoft Word format to enable its Centres to use its content more flexibly within their ownRead MoreThe Purpose of This Report Is to Review and Evaluate the Principles Underpinning the Role of the Practitioner When Working with Children.3365 Words   |  14 PagesUnit 5 The purpose of this report is to review and evaluate the principles underpinning the role of the practitioner when working with children. Contents Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 The role in maintaining professional relationships with children and adults†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3-7 1.1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3-4 1.2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4-5 1.3†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5-7 The development of reflective practice†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7-11 2.1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7-8 Read MoreSetting Up a Home-Based Childminding Service Essay1983 Words   |  8 PagesLevel 3 Diploma for the Children and Young Peoples Workforce CACHE 3 CHILD MINDER Unit Assessment Project Task 1 Produce an information sheet which outlines the following: †¢ current legislation for home-based childcare †¢ The role of regulatory bodies Task 2 In order to operate a home based childcare service, the following policies and Procedures must be in place: †¢ Accidents, Illness and Emergencies †¢ Behaviour †¢ Safeguarding †¢ Equal opportunities Read MoreCashe Level 2 Essay example18123 Words   |  73 PagesCACHE Qualification Specification CACHE Level 2 Certificate for the Children and Young People’s Workforce (QCF) CACHE Level 2 Certificate for the Children and Young People’s Workforce (QCF)  © CACHE 2011 Except as allowed by law, or where specified in the text, no part of this publication may be reproduced or transmitted in any form or by any means without prior permission from the Council for Awards in Care, Health and Education. CACHE has provided this Qualification Specification in MicrosoftRead MoreKeeping Children Safe5388 Words   |  22 PagesUnit 4 Assignment Keeping children safe E1 Identify legislation which influences healthy, safe and secure environments for early years settings And D1 Explain how the 5 pieces of legislation in E1 establish and maintain healthy, safe and secure environments Five main laws that underpin the provision of health, safe and secure environments for young children are: Health and Safety At Work Act 1974 Under the act 1974, both employers and employees have duties. Employers must produce a written policyRead MoreChild Care Introduction to Children4153 Words   |  17 PagesUnit 1; E1 Statutory; sectors that are fully funded but it depends on the boroughs. One example is school nurseries. In this setting professionals aim to make life in the setting feel like a family atmosphere for children to feel comfortable. Professionals also help children to develop with carefully chosen activities to do with the 6 learning areas, these are; language and literacy, creative development, physical development, personal social and emotional development, knowledge and understandingRead MoreCache Diploma Level 3 Unit 13400 Words   |  14 PagesCACHE Diploma Lv3 11/707067 Unit 1 Assignment The world today could be compared to a jigsaw for children in an early years setting. For them jigsaws can be challenging, they may not know yet what it stands for, why it must be completed or how to tackle it or even where to start. When I break the analogy down, the pieces could represent the child’s rights, and the selection of jigsaws supplied could stand for the diversity of children, in the same way the practitioner could symboliseRead MoreEssay on Cache Level 3 Unit 1 Assignment3859 Words   |  16 PagesUnit 1- An introduction to working with children There are three different types of settings which provide care and education for children in my area. One of them is called the statutory sector, this is a service that has to be available by law. Legislations have been passed which requires either the government or local authorities to provide them. This service gets payed for by people paying taxes so if we didn’t pay our taxes then these services would no longer be funded. An example of a statutoryRead MoreDuty of Care Assignment Level 3 Cache Diploma7178 Words   |  29 Pagesthat a Duty of Care within my work role requires many things. Firstly, the children are placed into the environment by parents who want the best for their children. They expect they staff to have a degree of knowledge and understanding including education and training, to enable them to look after their children to the best of their ability. Alongside this, we need to ensure that the children are in a safe and secure environment, that the setting off ers safe toys and activities for the children. ItRead More‘It Is Important to Plan to Meet the Care and Learning Needs of All Children’5310 Words   |  22 PagesCriteria 1 It is important for practitioners to identify children’s care and learning needs in a setting, there are many reasons for this. Firstly, is to promote development. Some children develop and learn faster than others and it is partly our responsibility to ensure all children’s needs are cared for no matter what stage of development they are at. We can do this by carrying out observations; these help us to identify the exact learning needs of children. They can show us clearly what stage

Computer in Business - 2096 Words

The advent of computers has revolutionized the workplace and redefined operational practices. The use and deployment of computers, computer systems and information technology (IT) applications in every aspect of business is now commonplace. The recent application and adoption of Web-based, information and telecommunication technologies has force-multiplied the capabilities and benefits of computers. The importance of computers in business cannot be overstated. Collaboration o Businesses are using Internet communication technologies, networking and relevant software to enable workers and professionals to collaborate and work across locations and geographical boundaries and streamline work-flow management. Communication Capabilities o†¦show more content†¦Manually prepared mass mailings are time consuming and expensive. - Inventory - A large number of items or high-volume turnover can cause major errors in tracking inventory. Errors in inventory control can result in lost sales and in the maintenance of unnecessarily high quantities of slow-moving products. - Payroll - Calculating and writing checks are tedious operations in payroll administration. It can also be difficult to effectively implement an employee incentive plan using manual procedures. - Planning - Manual systems or procedures make planning for the future time consuming and difficult. What if situationssuch as If sales increase, to what extent will expenses increase?are not easy to simulate with a manual system. COMPUTER BUSINESS APPLICATIONS Computers also can perform more complicated operations, such as the following: - Financial modeling programs prepare and analyze financial statements. - Spreadsheet and accounting programs compile statistics, plot trends and markets and do market analysis, modeling, graphs and forms. They can combine all these functions and can interchange and evaluate data from four programs simultaneously. - Word processing programs produce typewritten documents and provide text editing functions. Many offer options such as a thesaurus, a speller, and punctuation and style checkers. - Desktop publishing programs enable you to create good quality print materials on yourShow MoreRelatedImpact of Computer in Business759 Words   |  4 PagesImpact of Computers in Business by Chris Joseph, Demand Media Computers have made a major impact on the operations of small businesses. Related Articles * Impacts of Technology on Small Business * The Impact of Sarbanes Oxley on Small Business * A Good Way to Set Up Computers for a Small Business * The Positive amp; Negative Impact of Digital Media on Business * Healthcare Laws and the Impact on Small Businesses * How do I Select Computers for a Small Business? 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The purpose of this article is to discuss three advantages and disadvantages of the Information System in Business that I have experienced and the consequences of using computers; as well as a brief acknowledgement on computer ethics and the impact of computers in society. Research findings indicate that the use of computers do pose positive effects on the continuous achievements of numerousRead MoreSchool Of Business And Computer Science1138 Words   |  5 Pages SCHOOL OF BUSINESS AND COMPUTER SCIENCE CENTRE FOR INFORMATION TECHNOLOGY AND ENGINEERING (CITE) B.ENG (HONS) ELECTRICAL AND ELECTRONIC ENGINEERING TECHNOLOGY Course : Advanced Computer Aided Systems (Electrical) Lecturer : Daniel Ringis WS3 : PCB Manufacture Submitted by : Valmiki Singh (26908) â€Æ' Task 1 a. Dry Film Resist Coating material to mask a copper pattern that is designed for a printed circuit board to accommodate the etching and solder. b. 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Confidentiality Agreement The undersigned reader acknowledges that the information provided in this business plan is confidential; therefore, the reader agrees not to disclose it without the express writtenRead MoreAtlantic Computer - Business Case1307 Words   |  6 PagesAtlantic Computer – Business case Case introduction Atlantic Computer is a manufacturer of servers and other high-tech products. Following the growth of the internet there has been an increase of demand for cheaper, Basic Segment Servers. Atlantic Computer, currently having a 20% market share in the High Performance Server market, has decided to expand their product range and enter the Basic Segment market. Their response to the projected 36% compound annual growth in demand for Basic ServersRead MoreComputer Technology For Home And Business3749 Words   |  15 PagesAbstract When discussing Network security, it is not much different then home, business, work, and personal security. Sometimes they are used together in ways to protect the safety of lives and important information on documents or files that are personal or proprietary. In the past before the age of computers and most importantly a network and internet, most people used security alarms, security guards, safes and locks to protect. With this day and age, the technology being used has been transformedRead MoreComputer Company Business Plan2564 Words   |  11 Pagesand also carries a higher price tag. However, the Trojan is still one of the lowest priced models in the industry. We currently hold the second largest market share for this segment, at 30 percent. Traveler customers are looking for a portable computer with mid-range functionality and price, similar to the Workhorse. 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Corporate Finance Profitable Investment Decisions

Question: Describe about the Corporate Finance for profitable Investment Decisions. Answer: Introduction: Corporate finance deals with the money related decisions of the business. The most important factor to run a business is money. The money needs to be invested in profitable investments. Corporate finance helps in making effective decisions about the investments, the financial factors, and the dividends. That means the study of corporate finance shows the ways to allocate all the financial resources in such a way that optimal returns can be obtained (Brealey et al. 2012). Corporate finance includes the business decisions of a Chief Financial Officer (CFO) of an organization. The first part of the study shows the three essential responsibilities of the Chief Financial Officer (CFO) of Diversa Limited, Australia and the impact of his decisions on the ultimate objectives of the company. The second part of the study shows the relationship between Effective Market Hypothesis and the pension fund management. This portion analyses how a pension fund manager should cope-up with the Effective Market Hypothesis theory. A: This part of the study shows the three responsibilities of Mr. Angus Craig, the Chief Financial Officer (CFO) the Company Secretary (CS) of Diversa Limited. Company Background of DIVERSA LIMITED: Diversa Limited is an Australian nonfinancial business. This company deals with all types of financial products in the market. Deversa offers several management and consulting services regarding the maintenance of the financial funds. There are three segments of services in the company. They are Superannuation Services, Trustee Services, and Tranzact Financial Services. The primary function of Superannuation Services is to work as a promoter and administrator to manage the superannuation funds and the risks involved. The segment Trustee Services operates as a third party service provider to the superannuation funds. This segment also provides investment services to the clients of the company. Diversa Limited has fifteen types of funds to invest in. The third segment Tranzact Financial Services acts as an administrator, promoter and management service provider to the Superannuation clients of Diversa Limited. This company assists to take in-house financial decisions to two Australian Companies named as The Managed Australian Retirement Fund and LESF Super. Diversa Limited is a listed company in Australian Stock Exchange. After the establishment, this company was listed on the ASX. About the CFO, Mr. Angus Craig: Mr. Angus Craig is the Chief Financial Officer (CFO) as well as the Company Secretary (CS) of Diversa Limited. He was appointed as the CFO of Diversa Limited in the year of 2007, and he has been in this company since then. Before Diveras, he was the Company Secretary of Virotec International from the year 2001 to 2007. And before Vitorec, he acted as the Senior Companies Officer in Australian Stock Exchange from the year 1994 to 2000. Mr. Craig is a vastly experienced person. He has tremendous knowledge in the area of corporate governance, company secretarial work, rising of capital, due diligence, corporate finance, etc. He also helps the company as the corporate advisor and financial analyst (Diversa.com.au. 2016). Three responsibilities of Mr. Angus Craig: According to Hope (2014), a Chief Financial Officer cannot restrict his/her responsibilities in a certain area. As a Chief Financial Officer of Diversa Limited, Mr. Angus Craig has a lot of responsibilities to take care of. Among all the responsibilities, there are three major responsibilities of Mr. Angus Craig in the organization. They are: To act as an administrator of the company. To act as a financial decision maker for the company. To act as a risk management expertise. The first responsibility of Mr. Angus Craig is to act as an administrator of Diversa Limited. An administrator is a person who is responsible for the smooth running of the organization. As an administrator, Mr. Angus Craig has a lot of roles to play. Mr. Craig has to formulate strategies with the other member of the boards for the future direction of the company (Bedard, Hoitash and Hoitash 2014). After making the plans, he needs to take necessary actions to implement those strategies correctly. He needs to monitor those strategies on a regular basis so that there is not any gap in them. The strategies include financial strategies, taxation strategies, etc. After the making and implementation of the strategies, Mr. Craig needs to develop a method or criteria which help to measure the overall performance of those strategies (Engel, Gao and Wang 2014). The second general responsibility of Mr. Craig is to take care of the financial matters of Diversa Limited. Financial matters include managing capital, making the budget, taking care of security and exchange board, taking good care of various financial information, help in making the financial report of the company and much more (Cocco 2015). Mr. Craig needs to take care of the management of capital. He needs to observe whether there is sufficient amount of capital exists in the organization. If not, then he has to arrange the capital. In that case, he needs to be very careful about the mediums by which he finances the capital. It is totally on him whether he will go for equity financing or debt financing after considering the risk factors. Then comes the preparation of the annual budget. It is Mr. Craigs responsibility to help the management team to make the annual budget of the company. As he has access to the various financial information of the company, it is his duty to provide all necessary information to the auditor at the time of the annual audit. And the most important responsibility is to make the financial report of the company. A financial report reflects the financial position of the company. So Mr. Craig has to make the financial report of the company with the help of all realistic data and information (Graham, Harvey and Puri 2015). The third responsibility of Mr. Craig is Risk Management. Risk management is a most crucial aspect. It determines the success of the organization. According to Lam (2014), a company is exposed to risk when financing from the market. It is the prime responsibility of Mr. Craig to evaluate all factors involving risk before investment. Evaluation of risk factors involves a proper study of the current investment market. Mr. Craig needs to take proper strategies to avoid risk factors, and he should have sufficient insurance coverage. He also needs to make sure that Diversa Limited complies with all the rules and regulation of the stock exchange board. At the time of annual Audit, Mr. Craig needs to report them all the risk factor issues. The Impact of Responsibilities of CFO on the Objectives: The objectives of a company reflect the mission and vision statement of that company. The most important objective of any company is to earn revenue and profit by satisfying the customers needs (Hall, Mikes and Millo 2015). Diversa Limited also has this objective, but they want to achieve more other than earning revenues. As per the vision and mission statement of Diversa Limited, they aim to deliver excellence with their services and want to establish a long relationship with their clients. The responsibilities of Mr. Angus Craig as a Chief Financial Officer help to achieve the objectives of Diversa Limited in various ways. As an administrator of Diversa Limited, his role is to make strategies for the smooth running of the company. Effective strategies have a great impact on the objectives of the company. They help to satisfy the needs of the clients and also help to retain the customers. As per the financial report of Diversa for 2015, the company has been successful to create an attractive market. There has been significance growth in the superannuation services. The method applied by Mr. Craig to measure the overall performance of the strategies can give the scope to improve. By the methods, the loopholes in the strategy can be easily detected and corrected. It will help to achieve the overall objectives of the company (Van Deventer, Imai and Mesler 2013). According to the financial report for 2015, the balance sheet of the company has become improved. The sector has witnessed growth in last year. These factors indicate the success of Mr. Craig as the Chief Financial Officer. The strategies taken by a financial manager helps to achieve the financial objectives of the company. It has been seen that Diversa has improved its leverage over the last twenty-four months. This statistic shows the impact of financial strategies on the objectives of the company. The role of Mr. Craig as the risk management expert helps the company to avoid the risk factors in the market. Risk results in a loss for the company. It is desirable for a company to take the moderate amount of risk. Here, the Chief Financial Officer is the person who analyses the risk factors and takes corrective measures to avoid the risks. Due to low risks, the investors get a higher return. This helps to create goodwill of the company. These are the ways by which the responsibilities of the Chief Financial Officers affect the overall objectives of a company (Baxter et al. 2013). B: To answer this question, one needs to know what are Efficient Market Hypothesis and the role of pension fund managers. Efficient Market Hypothesis: Efficient Market Hypothesis (EMH) is a theory or idea about the buy and sell of shares. EMH theory was developed by Eugene Fama in the year 1960. According to this theory, the share market cannot be defeated. The reason is that the share prices includes and reflects all the information about the share market. In details, one cannot predetermine the share prices and the trend of the share market at any cost. It means, buying and selling of securities is purely a game of luck, there is no function of skill required. One cannot bargain the share prices (Frahm 2014). The idea of EMH is a controversial one as many people opposed to this theory. According to them, one can predetermine the price of securities by studying the past price trends and the past trend of the security market. This method is called Technical Analysis (Menkhoff and Schlumberger 2013). Role of the Pension Fund Managers: Pension fund managers have vast roles to play. These roles differ based on the type of organizations. But there are some common roles which every pension fund managers to play. They are: To develop pension packages To formulate pension fund strategies and structures To make sure the effective operations of the schemes To observe the performance of the pension schemes To recruit the employees of the pension department and to train them To deal with typical pension fund issues To develop promotional strategies for the promotion of pension benefits To provide necessary information to the clients To prepare pension scheme report and to help in preparing the financial report by providing necessary information about the pension schemes (Kacperczyk, NIEUWERBURGH and Veldkamp 2014). Analysis: According to the Efficient Market Hypothesis concept, the prices of shares reflect all the information about that shares and the security market. As per the theory, one cannot predict the share prices and the trend of share market. In this situation, it is easy for a pension fund manager to select a portfolio for the investment of the pension fund. The pension fund is a kind of firm where the pensioners are bound to get a certain amount of return irrespective of the condition of the security market. As the share prices reflect all the information, the pension fund managers can easily choose the portfolio with the highest return (Grleanu and Pedersen 2015). However, the Efficient Market Hypothesis theory is not accepted in the recent era. There are a lot of criticisms about this theory. Nowadays people believes in Technical Analysis which says that the trend in share prices and security market can be predicted by studying the past data and information. But this is not a cent percent correct approach. In this situation, it is very tough for the pension fund managers to choose the correct portfolio with high return and low risk. They have to take the high amount of risks to choose the portfolio (Yalcin 2016). As per the above discussion, it can be said that in todays diversified market, the pension fund managers cannot choose the portfolio based on the Efficient Market Hypothesis theory. References: Baxter, R., Bedard, J.C., Hoitash, R. and Yezegel, A., 2013. Enterprise risk management program quality: Determinants, value relevance, and the financial crisis.Contemporary Accounting Research,30(4), pp.1264-1295. Bedard, J.C., Hoitash, R. and Hoitash, U., 2014. Chief financial officers as inside directors.Contemporary Accounting Research,31(3), pp.787-817. Brealey, R.A., Myers, S.C., Allen, F. and Mohanty, P., 2012.Principles of corporate finance. Tata McGraw-Hill Education. Cocco, J., 2015. Executive Memorandum 56-002; Chief Financial Officer Hiring Executive Hiring Comittee. Diversa.com.au. (2016).Management Team Diversa. [online] Available at: https://diversa.com.au/about/management-team Engel, E., Gao, F. and Wang, X., 2014. Chief Financial Officer Succession and Corporate Financial Practices.Fisher College of Business Working Paper No. RP, pp.02-005. Frahm, G., 2014.A Modern Approach to the Efficient-Market Hypothesis(No. 1302.3001). Grleanu, N.B. and Pedersen, L.H., 2015.Efficiently inefficient markets for assets and asset management(No. w21563). National Bureau of Economic Research. Graham, J.R., Harvey, C.R. and Puri, M., 2015. Capital allocation and delegation of decision-making authority within firms.Journal of Financial Economics,115(3), pp.449-470. Hall, M., Mikes, A. and Millo, Y., 2015. How do risk managers become influential? A field study of toolmaking in two financial institutions.Management Accounting Research,26, pp.3-22. Hope, J., 2014. Work effectively with your chief financial officer for success in changing environment.Dean and Provost,16(4), pp.12-12. Kacperczyk, M., NIEUWERBURGH, S.V. and Veldkamp, L., 2014. Timeà ¢Ã¢â€š ¬Ã‚ Varying Fund Manager Skill.The Journal of Finance,69(4), pp.1455-1484. Lam, J., 2014.Enterprise risk management: from incentives to controls. John Wiley Sons. Menkhoff, L. and Schlumberger, M., 2013. Persistent profitability of technical analysis on foreign exchange markets?.PSL Quarterly Review,48(193). Van Deventer, D.R., Imai, K. and Mesler, M., 2013.Advanced financial risk management: tools and techniques for integrated credit risk and interest rate risk management. John Wiley Sons. Yalcin, K.C., 2016. Market rationality: Efficient market hypothesis versus market anomalies.European Journal of Economic and Political Studies,3(2), pp.23-38.