Financial Statement Paper P Agnes Pierre Louis ACC/280 September 26, 2011 Minh Truong Financial Statement Paper In today’s business world it is required to keep an accurate account for assets and liabilities of each company. Good and ethical accounting practices can build the base for a strong and profitable company if the information is used properly. The definition of accounting is obvious but one most know the purpose of accounting which will be covered in the following paragraphs. There are four financial statements that are prepared by companies in today’s society as a form of reporting accounting companies. Those statements are income statement, retained earnings statement, balance sheet, and statement of cash flows.
1 Functions of Management Yolanda Green BSHS/322 December 4, 2011 Instructor Frank Scarpone 2 When it comes to operating a successful business, organizations can best achieve the goals and objectives of the company by following the four functions of management. The four functions of management are planning, organizing, leading, and controlling. The following paper discusses the four functions of management, and also explains how each function relates to my own organization. The first function of management is planning. Planning is the most important aspect of all functions of management.
If we don’t follow the laws, regulations, and conventions then we take responsibility for the action and accept the consequences. The fifth CRT principle speaks of support responsibility to globalization. The business should support improvement of domestic rules and regulations where they unfairly get in the way of global trade (Caux Round Table, 2003). This could be compared to White’s second guideline regarding honesty. Even though we will often be unsuccessful, our objective must be total honesty (White, 1978).
Rights theory, not astonishingly, thinks about with the means of rights, as well as basic human rights and property rights. One argument in rights theory is that property rights mustn't override human rights. From a CSR perspective, this may mean that whereas shareholders of a company have bound property rights, this doesn't provide them license to override the fundamental human rights of staff, area people members, and alternative stakeholders. O Deontological theory. Deontological theory deals with the idea that everybody, as well as company managers, incorporates an ethical duty to treat everybody else with respect, as well as listening and considering their wants.
Business is even viewed by some as being the vehicle for contributions to worthy causes. Yet business should stay away from negative impacts such as discrimination etc. He suggests the premise that business is for profit and the provision of goods and services. Profit is the only ethic responsibility for business according to Milton Friedman. Camenisch’s view is that the goods and services are the center of the business ethics for they promote the profit.
COPING WITH RESISTANCE TO CHANGE 4.1 Theoretical approach of coping with resistance to change: 4.2 Coping with the internal restraining forces in “Voulis Chemicals” 4.2.1 Proper Communication 4.2.2 Learning-Education 4.2.3 Employee Involvement 4.2.4 Negotiation 4.3 Coping with the external restraining forces in “Voulis Chemicals” 5. CONCLUSION-RESULTS 6. REFERENCES I.EXECUTIVE SUMMARY The chance of change for an entity, either a person or a company/organization, is rare and, as a result, valuable. It must be respected and, especially for the companies that concern us, should be used as the only way to evolution and sustainability. If a possible change is for the benefit of the company, it should be immediately implemented, taking under consideration the inner resistances, which should be dealt with as well.
Ethical egoism is the prescriptive doctrine that all persons ought to act from their own self-interest (Philosophy.lander.edu, 2001). Based on agency theory, it is the management’s responsibility of Union Carbide by acting as an agent to act in the best interest of the shareholders. As an egoist point of view, it is therefore ethical for the corporation to cut cost in order to maximise the shareholders’ wealth. Utilitarianism is a philosophy that bases the moral worth of an action upon the number of people it gives happiness or pleasure to. In utilitarianism, an action is considered to have utility only to the extent that it contributes to the overall good (Investopedia, n.d.).
Topic Paper 1 Discuss the proposition that the reality of business and HR strategy formulation means that best practice is impossible to achieve There are those who say that there are certain HR practices which are best for organisations regardless of context. This is called ‘best practice’ or the Universalist School. The Universalist School assumes that the organisations which are successful and stand the test of time are the ones which have the ‘best’ practices (Legge, 2005, p.24). In HRM this means taking the view that employees are a valuable commodity by applying the High Commitment Model/High Performance Work System models. This perspective also assumes that it will always work despite the individual circumstances of the organisation and that ‘the effects are additive’ (Legge, 2005, p.24).