Retrieved from http://www.fasb.org/cs/BlobServer?blobkey=id&blobwhere=1175820927509&blobheader=application%2Fpdf&blobcol=urldata&blobtable=MungoBlobs Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2007). Intermediate accounting (12th ed.). Retrieved from The University of Phoenix eBook Collection. Schroeder, R. G., Clark, M. W., & Cathey, J. M. (2005). Financial accounting theory and analyses.
In general terms, a Al Hadharah Boustead REIT company's valuation and debt to equity ratio will improve after going public, and at the same time, it will make it possible for Al Hadharah Boustead REIT company to receive much better terms from lenders. Undertaking IPO services and offering securities to the investment public will be useful to Al Hadharah Boustead REIT company's management and directors retain a large degree of control. ------------------------------------------------- 窗体顶端 Since the IPO garners a great amount of publicity
K (2008) the Anatomy of Social Security and Medicare. Independent Review, 13(1), 5-27 Retrieved from EBSCOhost. Coile, C. C., & Levine, P. B (2011). Recessions, Retirement, and Social Security. American Economic Review, 101(3), 23-28.
It makes perfect sense for the U.S to change to IFRS, especially after some of the worse accounting scandals of Enron in 2001, and WorldCom in 2002. ” First adopted in 2001, IFRS includes many of the International Accounting Standards (IAS) previously set by the IASB with the objective of improving the level of transparency of companies’ finances” That is one of the reasons the United States congress passed the
Zappos’ leadership would agree with this statement since they believe their company culture is the differentiator. Hsieh states, “Our belief is that if you get the culture right, then most of the other stuff—like great customer service or building a long-lasting, enduring brand—will happen naturally.” Aside from how this may have impacted the company from a financial performance perspective, this was the driving factor behind the attention Zappos was receiving from consumers, the press, and academics. People were interested in taking tours of the company’s headquarters and understanding more about Zappos. This is partly because of Zappos’ unprecedented focus on its’ unique company culture. Since people talked about it and gave that aspect of the company attention, it clearly impacted Zappos in a positive way.
WorldCom Ethical Issues Over the years there were an increase in legal matters and ethical conduct in corporations. The growth in behaviors is due to an era where competition is global and the business environment is complex. Moral values in the business atmosphere are vital to ensuring that the corporations are adhering to the government rules and guidelines at the same time providing their customers the service that they require. WorldCom a telecommunications company was once the second leading long distance provider in America. WorldCom growth was credited to aggressive acquisitions and mergers with other companies.
The government taxation department felt the tax was owed because it has authority due to the fact that the underlying asset was Indian. Vodafone spent time and money to fight the tax and eventually won on the grounds the company was formed on foreign grounds. Vodafone faces financial loss and competition within the Indian markets after the ruling came down from the Supreme Court and sets a precedent for other foreign companies wanting to invest. Identification of company’s strengths and weaknesses Vodafone has one of the strongest global market presences in the telecommunications industry. The company has successfully acquired presence in over 65 countries.
Does Corporate Governance Matter? The claimed advantages of having corporate governance in an organisation: 1) Increased transparency and accountability in executive decision making • According to some findings of empirical studies, CG can provide to benefits in provision of quality in financial reporting, a reduction in management over consumption, and improved management monitoring. 2) Improved economic performance • Some people argued that good CG contributes to improved economic performance of an organisation. By having a good corporate governance in place, there is a framework that would encourage an organisation operates more effectively and management make better decision. There is strong tendency that an independent board will provide fresh ideas, a less blinkered approach and facilitates management decision-making.
Despite these guidelines, the corporate world was rocked by the Enron and WorldCom scandals leading to more government intervention in the form of the Sarbanes Oxley Act of 2002 (SOX). In this paper ethical challenges and agency issues facing today’s businesses will be discussed and analyzed. Also discussed will be the Securities Acts of 1933, 1934, and SOX and how these legislative acts were reactions to similar challenges that still face today’s businesses. Ethical Challenges Notwithstanding the legislation, the greatest challenge is how to design an ethics program that prevents unethical behavior—an ethics program that works. Trevino, Weaver, Gibson, and Toffler (1999) in their investigation of ethical programs found two primary ways to answering this challenge.
It currently continues to play a very valuable role in society and until recently accounting had set the standards for ethical and moral behaviour in business (Guy et al. 2003). Many high profile corporate failures over the recent years (e.g. Enron, HIH, AIG and Satyam) have been associated with large public international accounting firms. Calls for increased transparency and concerns about ethical behaviour ever since the Enron debacle have led to increased regulation over the financial reporting process, with the profession having lost a great deal of its credibility and public trust.