From Today's Algebra Class
You can define a natural isomorphism from HomR(R(Λ1), R(Λ2)) to (R(Λ2))Λ1. (Where HomR(R(Λ1), R(Λ2)) is the R-linear homomorphisms from R(Λ1) to R(Λ2).)
HomR(R(Λ1), R(Λ2)) → R(Λ2), Λ1
If f is an element of HomR(R(Λ1), R(Λ2)) then that map sends f to [f], a (Λ2), Λ1 matrix.
Isn't that the most beautiful thing you've ever seen?