Person-Centered Therapy and Cognitive Behavioral Therapy...

In the 1940s Carl Rogers was well on his way to revolutionizing the state of traditional, directive psychotherapy and pioneering what would soon become the person-centered approach. Although Rogers strayed from the psychological mainstream’s view that therapists drive their clients recovery through such mediums as advice, direction, teaching and interpretation he still believed that the therapist’s role was crucial, and it was their attributes that paved the way to increased awareness and self-directed change. Roger’s initially developed nondirective counseling, which stressed nondirective methods such as reflecting and†¦show more content†¦Roger’s traditional person-centered therapy is perhaps the greatest example of â€Å"talk therapy† as there is not any homework, specific techniques, or behavior to be changed. Instead, the success of the therapy lies in the process and letting clients experience this process as fully as possible. Therefore, it may be surprising that Natalie Roger’s person-centered expressive arts therapy has shifted away from traditional verbal means of expression to more creative means. According to Sommers-Flanagan, through mediums such as movement, drawing, painting, music, writing and improvisation â€Å"clients peel away the layers of defense and find their true nature† (2007). Expressive art therapy is not concerned with the end product (client’s do not create a piece to hang on the wall) but rather the process of using art to delve into a client’s pain, rage, or grief is the goal. Therefore, just as in Roger’s person-centered therapy the process is the focal point but the mediums used are quite different. Through these mediums clients find other ways to go inward, other ways to speak. Like her father’s person-centered therapy, Natalie Roger’s expressive arts therapy is nondirective and lets client’s lead the process and trusts them to find the modalities they can learn from (Sommers-Flanagan, 2007). Since Roger’s person-centered theory lacks specific techniques, another recent trend has been to integrate cognitive-behavioral techniquesShow MoreRelated Person Centered Therapy and Cognitive Behavioral Therapy for Post Traumatic Stress Disorder 1203 Words   |  5 Pagestoday. Cognitive Behavioral Therapy is another popular theory that is used. It emphasizes the present and fixing cognitive distortions that clients may have. However, it too received some arguments against it, such as; treating symptoms and not the underlying cause of an illness. The theories that will be discussed are Carl Roger’s theory of Person Centered Therapy, Aaron Beck’s Cognitive Behavioral Therapy (CBT) and how they would treat Post Traumatic Stress Disorder (PTSD). In Person Centered therapyRead MoreCentered Therapy And Cognitive Behavioral Therapy1672 Words   |  7 PagesCentered Therapy and Cognitive-Behavioral Therapy Etiology of Problems Person-Centered Therapists don’t use standardized diagnostic tools to assess client presenting problems – as a way to avoid the kinds of labels that harm client-therapist relationships and as a way to avoid clumping clients together with others of the same condition. A more important initial goal for Person-Centered Therapists is to ensure that the student or client knows and believes that the therapist sees them all as individualsRead MoreDefinition Of Person Centered Therapy1202 Words   |  5 Pages Person-Centered Theory Kebeh Beyan Walden University Person-centered therapy can be understood as a form of counseling and psychotherapy which puts a particular emphasis on conceptualizing and engaging with people in a deeply valuing and respectful way (Cooper McLeod, 2011). It was also mentioned that Person-centered therapy aims to provide clients with a set of therapeutic conditions in which they can reconnect with their actual, individual experiences and valuing processes, movingRead MoreTheories And Theories Of Counseling1051 Words   |  5 Pagesindividual. Cognitive-Behavior Theory Cognitive-behavioral theories are described as a set of related theories, which have evolved over time. There isn’t real definition of cognitive-behavioral theory. Both theories are tied together by similarities and techniques strategies. Cognitive Behavior theories maintain their role in which cognitions play in behavior and personalities. Cognitive-behavioral techniques target both cognitive and behavioral problems with the use of cognitive and behavioral strategiesRead MorePsychology Methods1267 Words   |  6 Pagesbetween two therapies used in psychology. The approaches are known as the Client-Centered Approach and the Cognitive Behavioral Therapy. They are both used daily, world-wide, and can be seen in different ways. In psychology, the use of therapy, approaches, and techniques are used all the time. The client-centered model is all about the clients themselves and the cognitive behavioral therapy relies on direct counseling tools to control and guide the client. C ognitive behavioral therapy is more short-termRead MoreAnalysis Of The One That Caught My Attention And Interest1589 Words   |  7 Pagespresented, the one that caught my attention and interest was that of John, the 24 year old recent college graduate and mechanical engineer. I began our session by inviting John to tell me a little about his concerns and what has bought him into therapy to see me. Though hesitant at first, I positioned myself a little closer to John, sitting directly across from him, conversation style, leaning forward somewhat showing him he had my undivided attention while using direct eye contact, John soon cameRead MoreCurrent Treatment Of Conditions Case Study704 Words   |  3 PagesRehabilitation Counseling: Basics and beyond, by Parker and Patterson, there is an entire chapter dedicated to counseling theories. A few therapies mentioned throughout Chapter 5, Counseling Theories, entail: Rational Emotive Behavioral Therapy, Person Centered Counseling, and Cognitive Therapy. Rational emotive behavioral therapy (REBT) is an evidence based therapy in which assists an individual to change their thinking from irrational to rational using the A-B-C model (Parker Patterson, 2012)Read MoreContrasting Psycodynamic, Cognitive Behavioral and Person-Centered Counseling Theories1732 Words   |  7 PagesCounseling is a process that enables a person to sort out issues and reach decisions affecting their life. Often counseling is sought out at times of change or crisis, it need not be so, however, as counseling can also help us at any time of our life† (Woods, 2005). Counseling theories are used by counselors as part of their treatment plan for clients. There are many types of theories that counselors can choose from. These theories are usually hosen based on the client needs and what the counselorRead MoreExamining Effectiveness Of Treatment Strategies Used With Survivors Of Rape1357 Words   |  6 PagesExamining Effectiveness of Treatment Strategi es Used With Survivors of Rape Therapy for survivors of rape is often difficult to obtain. The lack of availability of counselors who specialize in specific trauma treatments, like prolonged exposure and cognitive-processing therapy, as well as lack of insurance and location, are hardships for treatment-seeking individuals. Therefore, it is important to pinpoint the most effective treatments for those who have suffered the trauma of rape. The purposeRead MoreEssay about Contrast Effective Biblical Counseling Concepts1412 Words   |  6 Pagesworldly challenges, a Christian counselor also faces humanistic therapeutic false views of secular therapy. Christian counselors maintain a focal point in guiding people to living a life that is full of spiritual richness and maturity. Yet, secular therapist focuses on self-gratification and self-actualization. As Christian ministry helpers, you must be living by the truth and exemplify a Christ-centered life. Crabb (1977) developed a counseling model that teaches us ho w to develop individualized

Ethical And Ethical Norms Of Human Services - 1492 Words

When looking at ethical dilemmas in human services one must be able identify and address the dilemma properly. Within the module for this week I am to evaluate three different dilemma scenarios and describe how I would approach each. In addition, I will be identifying what steps in the evaluation process I have used to make my decision on each ethical dilemma. The first ethical dilemma states that a student is feeling sexually harassed by a teacher. She then states that she wants it to be over and that she doesn’t want to file a grievance report. My first feeling towards this scenario is that the student is obviously upset by the situation and the fact that she wants to leave it alone makes it harder to address. The Ethical standards that I think apply to the situation are as follows; Ethical Standard 3 and Ethical Standard 8 (Ethical Standards, 2016). I have chosen Ethical standard 3 because the client is being sexually harassed and the case manager must decide if the situat ion constitutes for a legal break in confidentiality or not. I chose Ethical Standard 8 because it is another standard that addresses client privacy (Ethical Standards, 2016). Standard 8 states that anything about the client to another colleague must be approved prior (Ethical Standards, 2016). My concern is definitely on what the client is feeling. She obviously doesn’t want to make a big deal about the situation but I am concerned that ignoring the harassment will make her situation even worse. OnceShow MoreRelatedEssay on Uop Ethics/316 Week 5 Cross Cultural Perspectives1340 Words   |  6 Pagesto similar ethical scenarios. Beekum, Stedam, and Yamamura (2003) suggest these differing conclusions will lead to conflict where one side perceives the outcome is ethical whereas the other does not. Another possible outcome is that one side may not even see a decision even being morally significant. Global organizations have the additional challenge when operating within a multi-national environment of recognizing cultural differences while maintaining a core moral and ethical foundation. Read MoreBusiness Ethics Cpa1303 Words   |  6 Pagesthat there are (at least some) objective ethical standards and norms? – Or do you think that ethical standards and norms are subjective, merely a matter of what you subjectively feel is right / wrong? (from our discussion of Ethical Subjectivism) Subjectivism says that the moral values are dependent on a human or divine will, and that they can change from one situation to another. I believe there are some objective ethical standards and norms. Ethical subjectivists might claim that morals areRead MoreThe Psychology Of Psychological Testing Essay1473 Words   |  6 Pagesqualified professionals to enter data, analyze and interpret all tests. APA Ethical Principals The American Psychological Association has compiled, the ethical principles and codes to assure integrity within the generalized field of psychology. Psychological professionals are continually met with ethical quandaries both professionally and personally, the code of ethics serve as a valuable tool for psychological professionals. APA’s 9thRead MoreEthical Dilemm Ethical And Ethical Dilemmas1610 Words   |  7 PagesEthical dilemma is an issue that has no satisfactory resolution. A conflict between two ethical standards and situations can result in ethical dilemma. The ethical behavior of an individual is determined by the cultural norms and the societal norms. This develops a sense of right and wrong which helps in decision making. Failure to make proper decision due to ethical conflict results in ethical dilemma. This is a critical decision making criteria that create the complex situation in the patient’sRead MoreSouthwest Airlines : Economic Challenges And D epression Essay1639 Words   |  7 Pagescities in Texas. After Southwest Airlines acquired AirTran Airways in 2011, it began its international services to three Caribbean destinations which includes Aruba, Bahamas and Jamaica. Today the company has over 50,00 employees and more than 100 million customers, and they serve about 96 destinations in 41 states of U.S. and they are also the largest user of Boeing 737 worldwide with over 700 in service presently and they fly more than 3900 flights a day. A lot of other companies find it amazing howRead MoreOutsourcing Ethics604 Words   |  3 Pagesand services. These advantages can help a company gain a competitive advantage over industry participants. When a company strategically plans to outsource ethical consideration must be acknowledged; especially when outsourcing is offshore. As a display of corporate citizenship a company must do their part to address ethical concerns related to this practice. Building a long term relationship with the outsourced company will aid in cultivating the competitive advantage. The following ethical principlesRead MoreWhat s Next? America1260 Words   |  6 Pagestheir children. Whether it’s Puritans in the 1600’s, Irish Protestants in the 1800’s, Eastern European Jews in the early 1900’s or African tribal minorities in the late 1900’s, they undoubtedly didn’t flee to be discriminated against and get denied service. And the list continues, The Diffa Arabs in Niger, LGBT communities in The Middle East and Africa, Political refugees from China and the Soviet Union, and War refugees from Syria. Almost every immigrant to ever come to this country, came to escapeRead MoreEvaluating the Difference Between Right and Wrong with Ethics1577 Words   |  6 Pagesevaluate and differentiate between right and wrong, morality and immorality. Ethics helps us to decide questions regarding human conduct when he/she comes to a position when there is doubt between choosing the right way or the wrong one. The concepts of merit and demerit, justice and crime are very much related to the basic concepts of ethics. If we don’t have the basic idea of ethical behavior then there is much less probability of prevalence of justice in the society and community at large. Ethics hasRead MoreSocial Care Environment: Ethical Practice Essay1050 Words   |  5 PagesWhen working in a social care environment, ethical practice plays a major part in every aspect of your work. This essay will explain what ethical practise is, how it affects the social care industry, and some examples as to how it could play an important role in daily work. Ethical practise is difficult to properly define. â€Å"Caseworkers, supervisors, and other staff should be guided by an overarching set of ethical standards that inform their decision-making and conduct when working with childrenRead MoreApplication Of Leadership Theory Paper1606 Words   |  7 PagesApplication of Leadership Theory Paper Ethical Leadership in the workplace has a tremendous impact and influence on people who are following the leader. Therefore, ethical leadership is the ability, to consistently examine oneself in terms of values, behaviors, and conduct in leading people, within an organization. It is important to note, that ethical leadership has the ability to influence other people, attitudes and a leader also has the ability, to transform people, in unique ways, by setting

Threat faced by Finance & Accounting Professional-Free-Samples

Question: Explain the various threats which can be faced by a Finance and Accounting professional, working as an auditor, consultant or an employee in an organisation. Answer: Introduction This assignment is about the professionals of accounting, in this assignment we are going to discuss about various aspects of the ethical issues that is faced by the auditors, accountants or the consultants of the organization(Ittelson, 2010). Financial accounting is all about preparing financial statements of an organization that shows the financial position to the investors, governments, general public, potential investors, competitors of an organization. Every organization in this world whether operating its business on a small scale, medium scale or a large scale is required to prepare financial statements as it comes under a compulsory legal laws(Helfert, 2016). Every organization in this world is liable to prepare and maintain its financial statement. The financial statements are made by professional accountants or auditors, these financial statements cannot be verified and published until it is thoroughly checked and signed by an auditor or an accountant(Fridson, 2014). These statements are sometimes contains false information to show an organization more profitable than it actually is. So in this assignment we are going to discuss about these ethical issues. The financial statements are of various types and all these are need to be prepared by an organization, these statements are; Income Statement, Balance Sheet, Cash Flow Statement and Statement of Retained Earnings(Tracy, 2013). Critical Analysis Financial statements are the statements that show the financial standing of an organization to the outer world. Sometimes these statements are prepared with wrong intentions of showing an organization much more profitable than its actual position, this is done in order to raise more and more of capital from the market(Brodersen, 2014). There have been so many cases worldwide of this kind of fraud by many big business organizations. These kinds of organizations do not believes in any ethics, all they want and do is to loot people by preparing false or untrue financial statements(Fraser, 2012). An accountant or an auditor or a finance consultant is the peoples that are so experienced in preparing these statements that only one accountant can prepare false statements for an organization and no one can make a mistake in such statements for years. However not every accountant, auditor or consultant are corrupt or under the influence of graft. Some work with all their ethics and believes in only ethical working(Fabozzi, 2013). Such kind of accountants, auditors, consultant has to face different threat and ethical issues(Epstein, 2016). An accountant or an auditor whosoever is preparing a financial statement for an organization must keep in mind the ethics of doing right and lawful act while preparing the financial statements, sometimes it is the organization itself that wants their accountants to prepare the financial statement and do not disclose the facts of loss so that it does not lose its market share by the true disclosure of the facts. There are different types of ethical issues that are faced by the accountants or auditors in an organization while preparing the financial statements of a firm(Lister, 2016): Fraud in Financial Reporting: The burden from management on the accountant to not to or to misstate the financial transactions of the organization so that it does not shows any inflow or outflow of the cash, or recording of some transactions that are not as per the accounting principles. Misappropriation of Assets: It is the misuse of the assets of the organization in a way that it incurs losses for the organization. Management puts burden on the accountants or the auditors to not to disclose any misappropriation of the assets. Disclosure: Another ethical issue that is faced by the accountants or the auditors by the management of an organization is to not to disclose or to disclose wrong information to effect the decisions of investors. Any person who wants to invest will always invest in an organization that is earning good money, so financial statements are the tools in the hands of the investors to judge the profitability of the organization. By false disclosures an organization can attract a large number of investors and their money. Cases of Financial Statement Frauds In the year 1998, an organization that was based in Houston, reported fake earnings of around 2 billion US dollars. All this was done in order to raise money from the investors. The companys auditor increased the depreciation on the property, plants and equipments of the organization. The main guilty personalities in this case were founder and the CEO Dean. L Buntrock along with his top executives and their auditor Arthur Anderson(Degree, 2017). Another Houston based organization in the year 2001 committed a fraud due to which the shareholder of the organization lost their 74 billion US dollars. The organization and its accountant did not disclose the high debts of the organization because of which its position always shown in profits. This fraud not only left the investors in the lose but also took the jobs of many innocent employees of the same organization. Conclusion Here is a brief and a concise conclusion has been provided. Ethical issues in accounting are not new, while there are many accountants or auditors that fall for greed and ignore all the ethics of preparing financial reports then there comes the ones who always put forward their ethics and becomes whistleblower to put an end on the fraud practices of the organizations. The accountants or the auditors must follow their ethics as no fraud or false disclosure can remain safe for a long period of time. In the case of the 1rst Houston company the former CEO and auditor made fraud while the later newly recruited team found out the fraud and reported it to the higher authorities which resulted in the penalty on the CEO of 437M US dollars. So the final conclusion is all the accountants and the auditors or the financial consultants should follow their ethics and must not let the management to come in between their work and ethics. Bibliography Brodersen, P. P. (2014). Warren Buffett Accounting Book. Degree, A. (2017, January 23rd). AccountingDegree. Retrieved March 25th, 2018, from AccountingDegree.com: https://www.accounting-degree.org/scandals/ Epstein, L. (2016). Reading financial reports. The Accounting Review , 2. Fabozzi, F. J. (2013). Analysis of Financial Statements. Auditing: A Journal of Practice Theory , 7. Fraser, A. O. (2012). Understanding Financial Statements. KMF Publishers. Fridson, M. (2014). Financial Statement Analysis: A Practitioner's Guide. Marshley Printing Press. Helfert, E. (2016). Techniques of Financial Analysis. Accounting Finance , 2. Ittelson, T. R. (2010). Financial Statements: A Step?by?step Guide to Understanding. SYdney: J.L Printing and Press. Lister, J. (2016, Feburary 25th). Chron. Retrieved March 2018, from Chron.com: https://smallbusiness.chron.com/ethical-issues-facing-accounting-profession-18307.html Tracy, J. A. (2013). How to read a financial report : wringing vital signs out of the numbers. Accounting Horizons , 5.

World Wide Web Business Analysis Essay Example

World Wide Web Business Analysis Essay There has been an evolution of ways in doing business. From early ages when barter system used to be applied by man to this age when business operations are done on a single mouse click, it is a long journey. This journey started from barter trading when man started exchanging things for meeting his basic necessities such as food, cloth, shelter, etc. By the time medium of exchange kept on altering from stone coins, leather coins, metal coins, and then paper currency which evolved from currency to card having credit, which further advanced to plastic cards which has advanced even more today. This is a money-less exchange or virtual money. Payments are not made through currency but it is more or less made through cards now. Now business is also carried out on internet right away and there are websites that are specific for online business. (Guru, 2007). The era where all the transactions are shifting to the virtual world of internet, how can the banking sector left behind in the race of advancement?   Although the innovation in this field can be an arduous job to do but once it’s done it can be way too profitable and convenient for a firm itself and the client too. Therefore the task of transforming the manually operational firms to digital firms got started and finally got achieved. In this paper we will examine and evaluate the online banking services of Bank of America and assess the features such as user friendliness, compatibility, security and others and present our findings about the bank’s website. Emergence of e-commerce in Banking Basically when customers can access their bank accounts and carry out their banking transaction without going to bank just through any intelligent device like their personal computer or mobile phone, this trend is referred as banking online (Comptroller of the Currency Administrator of National Banks, 1999). Bank of America also facilitates its customers with online banking options where they can do a number of operations and real time transactions on a single mouse click. We will write a custom essay sample on World Wide Web Business Analysis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on World Wide Web Business Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on World Wide Web Business Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer But along with the merits there are always demerits too. With the practice of doing business online, a great many thefts have been observed which resulted in loss of money and precious information. These thefts were due to hacking of information in the middle of transactions. In banking due to this treat, there were so many risks credit risk, interest rate risk, liquidity risk, price risk, transaction risk, foreign exchange risk, compliance risk, strategic risk and above all of them the reputation and credibility risks (Comptroller of the Currency Administrator of National Banks, 1999). Bank of America not only introduced many internet banking features but additionally this corporation helped the humanity in bringing out ways to transfer data in a very safe n secure manner. The employment of new technologies is discussed below in the paper which includes Site Key feature along with Safe Pass and Check scanning. Briefly these were the features which added an extra layer over the other frequently used protocols. Bank of America: Website’s features Overview These online banking options   includes products and services that the firm offers e.g. Checking, Savings, Credit Cards, Mortgage, Refinance, Auto loans, investing services, Individual Retirement Account, Insurance, and other specialized features as well. Bank of America provides its customers with the management of their accounts too, this includes fees and processes such as student banking overdraft fee, monthly service fee, management of balances etc., upgrading or reordering of check cards, online investments, Online Banking options such as viewing accounts, accessing credit cards, Bill Pay, Tracking expenses and also the Mobile Banking features (Bank of America, 2008). One of the most intuitive options for people is also provided in this website which is a helpdesk in which they help and guide people in achieving their goals like buying a home, searching for a home, retirement centre, planning for a college, student loan, purchasing a car, strengthening debts, small business o nline community and many other financial goals achievement help. One can also open an account online. This website also offers security and privacy validation checks. Searching locations of branches is made easy for the customers by providing numerous options in the website. Besides that the website contains signing in to other services too. The website is also providing its achievements list in different banking transactions and asking for guidance on many places (Bank of America, 2008). Types of advertisement The site map is not available unless we sign up. Most of the options are for members; where as many promotional offers and help desk features are publically available. There are no banner ads on the website of any other company. The site do has some banner ads but only for their promotional offers. As far as my observation is concerned I have hardly seen any of their promotion on any other website or advertisement on television or radio. They host their website internally, not by any external host who can manage websites. Technologies used The technologies employed by the company are numerous. On their website they have put a video promotion for their visa card offer which seems very interactive that attracts the customer a lot and persuades him to have an account in the Bank of America. They have also employed some new technologies such as ‘Safe Pass and Site Key’ (Boston College, 2008) and ‘Check Scanning’ (Boston College, 2008). Safe Pass Safe Pass is a very ground-breaking technology introduced by the Bank of America where it proof reads the process of securing member’s information in order to keep from threatening activities of hacker. A member is given a 6-digit code on his smart device which a member must enter before carrying out transactions online. This code is changed once it is used and another random pass-code is generated for the transactions to be carried out next. As this information is only sent to you on your personal device and your card therefore there is no chance of its exposure. If card is stolen, even then there is no other personal information so it is of no use for the thief (Boston College, 2008). Site Key Site Key is a series of steps required before a transaction is made, its specialty is a secret image that is selected by a member and its name is kept by the member himself therefore if a password or pass-code gets hacked, this image would leave the hacker with nothing on his hands. Although there are numerous security protocols applied on internet transactions that prevents the user from the exposure of his personal information but these added features satisfies the bank’s customers that their information is safe while doing online transactions (Boston College, 2008). Check Scanning Check Scanning is yet another feature from the Bank of America which prevents the user to go to any of the branches and get a check cashed into currency; instead a user scans that check into ATM and the screen displays the check with the required amount. This makes customers capable of cashing their checks anywhere and anytime they want in a very secure way (Boston College, 2008). Although an OSI Model Architecture provides with a safe traversal of information and when it comes to secret information there are added layers of protocols to safely transmit and receive the data like Secure Sockets Layer known as SSL which is kept on presentation layer of an OSI model.   We often watch an eye icon on the screen of internet explorer; this icon shows the presence of SSL protocol which ensures safe data transmission. These added layers applied by the Bank of America are like confirming the strict security of user’s precious information. Policies, Annual Reports, Forms and Acknowledgement The website of The Bank of America has published their annual reports, quarterly reports, and current reports known as 10-K, 10-Q, and 8-K respectively on their websites for public. They have also kept the amendments of those reports as filings for public viewing. All these reports are in accordance with Security Exchange Act 1934. Filings are filed by Security Exchange Commission know as SEC. The website also provides with the policies and rules such as Code of Ethics and Insider Training Policy, Corporate Governance, and the charter of its Board Committees. The amendments to all these guidelines are also available from Chief Accounting Officer, Chief Executive Officer, and Chief Financial Officer (Bank of America, 2006). Their strategies for growth include Global Consumer and Small Business Banking which focuses on retail financial services (Bank of America, 2008). Another strategy is Global Wealth and Investment Management which focuses on Premier Banking that brings overseas cust omers to the Bank. Also there is Global Corporate and Investment Banking which is for the betterment of many e.g. shareholders, corporate and commercial clients, and financial-sponsor clients. The other paths for growth of the company may be acquisition of capital, financing the economy which can compel the future growth of company. Keeping good relationship with neighbors would make strong market. These strategies can make them grow as said by the chairman, Chief Executive Officer and President of Bank of America Kenneth D. Lewis. The Bank of America is in competition with other corporations through its website, this competition holds in terms of customer relationship management, customer services, interest rates, lending boundaries, etc. as the corporation is providing internet-based features of finance which other competitors are also doing but either they have a low-cost structure or possession of regulatory constraints. Besides internet-based financing activities they are also providing products and offering services on internet, which is grand in itself but obviously applying technology can be expensive too therefore the services should be offered in such a way that it is immediately adopted by the users so that the burden of cost reduces to its maximum. While doing Small business Banking and grabbing customers from abroad, it is the use of internet that can bring capital of a person living far away to the bank. This is the reason Bank of America is serving up to 29 states, 27 countries which are segregated into some geographic sections United States of America and Canada; Asia; Europe, Middle East, Africa, and has 5873 banking centers and 16,785 domestic branded ATMs, and telephone and internet channels which are mainly providing Real Estate guidance, Admission Assistance, Debit products and consumer deposits (Bank of America, 2006). The Annual Report also states about the Global Business and Financial Services that they finance small businesses. There is a global treasury services provision as well which provides treasury solutions, management of capital, foreign exchange etc. Middle Market Banking provides lending and investment services. Business banking offers client managed small business members some value added services like wide range credit, treasury management, and other advisory services. Leasing services are especially for middle market, small business, and corporate firms in America. Business capital also provides lending services but asset-based. Dealer financial services provides many direct or indirect investing and lending activities that helps in financing for floor, vehicle, marine and auto-dealerships (Bank of America, 2006). Precisely these global activities are bringing great business to the firm, which is made possible only through internet. Otherwise these interactive and innovative servic es would not have been in common practice. E-commerce has proven to be highly profitable to businesses because it needs less man force and bigger operation get done on a small screen. The Bank of America applies new technologies in doing business. Senior Vice President Kirk Lindsey says Customers will get better validation of their deposits and a copy of their check printed on their receipts. It will also give us the ability to have later hours to make deposits without having to pick up the items every day (Boston College, 2008). By applying new things it is over shadowing the others in competition. All this is due to the emergence of e-commerce. Above everything else they have been working hard to enhance security features. The firms in competition imitate what they do but in the bigger picture, it is for the good of mankind today that all their transactions go safe and sound. Conclusion World Wide Web brought out major changes to the way of doing almost everything. Therefore banking sector too cannot be left behind in the race. Bank of America has introduced many technologies in secure online banking. The website of Bank of America gives a number of options that a man can perform anywhere and anytime on a single mouse click and very safely. The journey of trade and commerce has been very strenuous and has advanced to e-commerce now. Each and every transaction that needed to be done by putting in manual and physical effort now can be done virtually in a very secure manner. In this paper, journey of money transactions have been overviewed. How Bank of America facilitates its customers in their website. Features they offer and how and finally their policies have also been discussed in the paper. References Bank of America. (2008). Chairmans Letter. Retrieved February 17, 2009, from Bank of America: http://media.corporate-ir.net/media_files/irol/71/71595/reports/2007_AR/chairman_3.html Bank of America. (2008). Home Page. Retrieved February 17, 2009, from Bank of America: https://www.bankofamerica.com/ Bank of America. (2006, March 16). US SEC Form 10-K Annual Report. Washington D.C., United States of America. Boston College. (2008). Computers in Management. Retrieved February 17, 2009, from Group Project:Bank of America: http://www.socialtext.net/lite/page/cim/group_project_bank_of_america Comptroller of the Currency Administrator of National Banks. (1999). Internet Banking Comptrollers Handbook. Guru, P. (2007, March 11). Emergence of eCommerce eBusiness-Internet Business! Retrieved February 16, 2009, from Ezine Articles: http://ezinearticles.com/?Emergence-of-eCommerceeBusiness-Internet-Business!id=484425