Identify overall corporate objectives of Southwest Airlines Co. and strategies implemented to achieve those objectives. (b.) Identify the strategic risks that potentially could impede Southwest Airlines Co. from achieving each objective. 2. As part of their “entity level” controls Southwest Airlines Co. strives for effective executive leadership and strong corporate governance, including the Board of Directors and its committees.
U.S. corporations are required to maintain an adequate system of internal controls. Corporate executives and boards of directors must ensure that these controls are reliable and effective. As with any business, the transformation of going from a private to public requires some extensive planning and preparation. It isrecommended that LJB being a relatively small sized company in terms of its employeesshould re-evaluate the costs versus the benefits of being a public traded company. If LJB decides to issue stock it would be wise to answer the following questions • How many shares should be authorized for sale?
Following is an overview of the Plan with regard to compliance by each of the Facilities with regard to the universal and individual reporting obligations they face with respect to tax policies, employment laws, environmental and manufacturing regulations, international trade restrictions, tariffs, transportation, and the political stability of international governments and trade opportunities. I. Enterprise Liabilities The responsibility for the reporting requirements has been divided amongst the individual managers and directors in such a manner as to provide a system of checks and balances to minimize the opportunities for error by the Company and to limit its legal liabilities. A sample of the division of those responsibilities is as follows: 1) The Chief Financial Officer, with the assistance of the Comptrollers or Senior Financial Officers and Accounting Department Managers of each of the facilities owned or operated by the Company, shall bear responsibility for making all payments and ensuring that the Company complies with all applicable federal, state, municipal and international laws, statutes, regulations or otherrequirements in connection
These policies and standards should inform employees, senior management to entry level, their required responsibilities for protecting the information system of the organization. Failure to implement an effective system may lead to financial loss, release of confidential data, and reputation. Businesses are required to comply with regulatory requirements and fiduciary responsibilities. It is the business’ responsibility to ensure the safety of its information security policy. As stated by the Rutgers Office of Information Technology, “The protection and management of non-public personal information (NPPI) must comply with a variety of state
Pre-Number Invoices: Using pre-numbered invoices is a good example of documentation procedure. Companies should establish procedures for documents. Companies should use pre-numbered documents, and all documents should be accounted for. Pre-numbered documents helps prevent a transaction from being recorded twice or not at all. Safe Used for Employee Checks: Using a safe for the employee’s checks when the accountant is not present is a good example of physical controls.
The audit plan and program aims to achieve the audit risk objectives of the audit team and to provide reasonable assurance and basis for the audit report and opinion. The members of the Audit team, the audit manager Pete and two audit staffers Ben and Maureen, have to understand the client’s business and industry. Perform preliminary analytical procedures. Keller CPAs needs to compare the performance of Smackey’s with the industry to further support its initial assessment of business risk. These analytical procedures help the audit team indentify areas where the risks of misstatement are very high.
During contract negotiations, one party offers to complete specific actions in consideration for payments from the other party or parties (Luther, 2012). A contract administration plan helps your business manage a contract successfully (Luther, 2012). A contract is drawn up to create the guidelines for a business relationship (Anderson, 2012). When you abide by the terms of your contract, you reap the benefits that it has to offer (Anderson, 2012). But poor contract administration can cause you to violate terms of your contract, which can lead to penalties, fines and a potential lawsuit (Anderson, 2012).
Explain how you can ensure compliance with the legislation. The need for the manager to under OHS legislative requirements is required to protect the employees and guests to the work site from work place injury and fatal accidents. The manager can monitor WHS legislative requirements from being subscribed to these publications and memberships; · WorkCover NSW e-bulletin; · Thomson OHS News; · National Safety Magazine (CCH/NSCA); · Standards Australia online (University Library); · CCH OHS Alert e-bulletin; · NSW Self Insurers Association During a OHS tool box meeting would a time required to understand OHS legislative requirements and another situation would be after an incident that caused an injury in the work-place, dealing with the correct
This is especially true when the efforts of the nonprofit are facing tight financial constraints. In addition to these large salaries, the perks and large travel budgets that are given to nonprofit employees and their unpaid board members are raising concerns about the ethics of such liberal compensation while the social needs of the charity is suffering as a result. For the scope of this research paper, the remaining focus will be addressed specifically to the ethical dilemma of pay equity in the non-profit market. And if there were questions that charitable work wasn’t lucrative, think again! In a study of 3,929 charities, the CEO of the Boys and Girls Club of America earned the highest pay in the group with a $1.85 million salary.
Inclusions and exclusions from the project, project resources, quality standards for project and timeframes for project. 2. For each of the stakeholder groups in the following list , identify who within the organization fits into these categories and why they are important in the context of the project. STAKEHOLDER | WHO | DETAILS | Project Sponsor | Alexis Schuler | The Project Sponsor is the individual with overall accountability for the project.The Project Sponsor is primarily concerned with ensuring that the project delivers the agreed business benefits. | Managers, employees and relevant key personnel | Nick Mitchell – Managing Director Meg Natoli – Company Accountant Bryon Page – Sales Manager & Key Client Contact Sandra Ngo – Editorial Manager Bob Breman – IT Manager Stella Galanis – Office Manager & Nick’s PA | Managements have an interest in projects undertaken by their organization, and their approval will be required.