Second, financially stressed companies that go dark are the very companies’ shareholders need to monitor usually and where transparency is most important. Clearly, SOX has both positive and negative effects. However, the implementation problems of the Act do not provide sufficient reason to weaken or eliminate SOX requirements or to adopt significant exemptions based on company size. 2. What advantages would China offer foreign companies to list on its exchanges?
Morality should be a part of ethics also. According to a survey done by George S May in 2010, business owners are more concerned about ethical business practices today than in the past. (York Sunday News) Even though businesses do have good ethical business practices, they can run into some problems. Big Bert’s Adventure (BBA) is a Not-for-profit business and Walt Disney Company is a For-profit business. BBA as most Not-for-profit business has trouble raising enough money to carry out their plans, getting volunteers, and choosing who will be the benefactors of their kindness.
Annual Report for eBay Inc. Year Ending 2011 Shaun Evan Wright ACC 100: Accounting Professor Howard Katz Strayer University March 2013 Introduction With any company, you have an annual report. An annual report is a document that identifies and communicates to different investors and other people concerned about that company’s financial status. The annual report takes a look at the company’s financial earnings, assets, controls and procedures, quantitative and qualitative disclosures, etc. In this paper, that I am writing, we will explore and gather information from a very reputable and known company known as eBay Inc. I will be using their annual report from 2011, and explain the main sections of the report, discuss key factors that helped influence the company’s financial performance for the year stated above, the company’s assets, and we will also explain how management characterizes the internal control environment.
Prior to Mr. Kelly becoming a part of Southwest Airlines team in 1986, he was a CPA for Arthur Young & Company and Controller for Systems Center, Inc. (Gary Kelly Biography, 2013). Mr. Kelly received a B.B.A. in Accounting from University of Texas at Austin. Mr. Kelly has received numerous awards and recognitions over the years as CEO. The most notably has been twice as CEO magazine’s CEO of the Year, and 2013 McLane Leadership in Business Award.
From an accounting prospective, the major problem with the calculations mentioned in the article is determining the rate of return and length of the marketing investment. While the initial value of the “investment”, i.e. marketing expense, can be easily determined, determining the real value after the investment has been made has the potential to be biased without a commonly used measurement. The value of the investment could also fluctuate from year to year based on the companies’ profitability even though marketing had not direct
Profit Sharing - Result controls may serve well with congruence between employees’ and company’s objectives, but employees take for granted the law-required 10% profit sharing of the company’s income and so their motivational effect seems little. Salary Increase – The semi-annually salary increase is subjective and irreversible, and so may be inconsistent with performance and fails to motivate employees to work harder. Internal competition – Although assigned the
For example, greed causes businessmen to compete with other businessmen, thus, keeping prices reasonable and forces them to keep up with consumer demands. But then greed could cause businessmen to make not so smart decisions to make more money which may affect everyone in the economy negatively. But I still believe that greed is good for capitalism in the US. I
“You’ve probably heard about “first mover advantage”…but moving first is a tactic, not a goal…It’s much better to be the last mover—that is, to make the last greatest development in a specific market and enjoy years or even decades of monopoly profits.” 8. “The most contentious question in business is whether success comes from luck or skill…Steve Jobs, Jack Dorsey, and Elon Musk, have created several multibillion-dollar companies. If success was mostly a matter of luck, these types of serial entrepreneurs probably wouldn’t exist.” 9. “To a definite optimist, the future will be better that the present if he plans and works to make it better…To an indefinite optimist, the future will be better, but he doesn’t know how exactly, so he won’t make any specific
I feel that society is steering away from operating purely to make a profit. In my mind, the shareholder model is a selfish model that only looks at what is best for the elite at the top of the ownership ladder. A corporation has to look at the stakeholders. Stakeholders have more influence on decisions today that ever before. If all decisions are based solely on keeping the shareholders happy, a company may not always be profitable or ethical.
In the end, the choice he made was probably the better of the two. He did step down as COB but still pretty much kept his place in authority at B of A. I would, if at all possible, tried my absolute best to avoid having to merge with a company such as Merrill Lynch. The CEO and his colleagues should've done their research and find that out for themselves. 2. I think that the error in decision making came because the CEO didn't know the terrible status of the company.