What is the importance of investigation of incidents, Financial Management

Assignment Help:

Q. What is the importance of investigation of incidents?

1. Incident investigation is the process of identifying the underlying causes of incidents and implementing steps to prevent similar events from occurring

2. Incident investigation is to learn from past experiences and to avoid repeating past mistakes

3. Events which result in or could have resulted in serious consequences are usually investigated

4. Team members for investigation are selected on the basis of their training, knowledge and ability to contribute for the investigation. The investigation process should deal with all involved individuals in a fair and open manner

5. The focus of investigation should be to obtain facts, and not to place blame.


Related Discussions:- What is the importance of investigation of incidents

What is nvp and cost of equity , 1. A standard arrangement for the orderly ...

1. A standard arrangement for the orderly retirement of long-term debt calls for the corporation to make regular payments into a(n):      A)  custodial account.     B)  sinking

Stakeholders, identify five stakeholder groups and breifly explain their fi...

identify five stakeholder groups and breifly explain their financil and other objectives

Walters and gordon model, Following are the details relating to three compa...

Following are the details relating to three companies which are identical in terms of ''r'' ABC ltd MNC ltd XYZ ltd Cost of capital

Measuring interest rate risk , Investors are always interested in est...

Investors are always interested in estimating the price sensitivity of a bond to change in market interest rates. Let us study how prices change both in terms of

Explain the post-acquisition effect on eps, Post-acquisition Effect on EPS...

Post-acquisition Effect on EPS If the consideration is completely in shares, one of the effects would be a dilution in EPS suffered by Predator Company. The effect of dilution

Current yields for treasury bond, ACT presently is all-equity financed. Thi...

ACT presently is all-equity financed. This reflects the stance of the former CEO, a dominant personality who stated repeatedly: "I don't want us to be in thrall to the demands of t

Futures and forward, what factors influence the decision to use futures or ...

what factors influence the decision to use futures or forwards contracts

Budgeting and budgetary control, Budgeting and Budgetary Control: The n...

Budgeting and Budgetary Control: The next element of financial management is budgeting and budgetary control.  Budgeting is an integral part of the management accounting proces

Cost of equity share capital, Cost of Equity Share Capital (ke) The co...

Cost of Equity Share Capital (ke) The cost of equity capital is the 'maximum rate of return that the Co. must earn on equity financed portion of its investments in order to go

Determine the factors of financial risk by giving example, Determine the fa...

Determine the factors of financial risk by giving example W. T. L. Company's cost of long-term debt two years ago was 8 percent.  This 8 percent was found to represent a 4- per

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd