Finance & Accounting Essays

They also have the responsibility to review the level of performance and control the internal factors. So the management not only monitors the corporate but also business performances in the organization. Business management functions involve analyzing and organizing the business methodologies, processes, and systems and accordingly work to increase the performance of the business.

Started in 1972, the National Insurance Board of the Commonwealth of the Bahamas is an organization in charge of the management of the Bahamian social security system. It was established based on a Parliament Act - the National Insurance Act which was signed into law by the Minister of Labor and Welfare, Clifford Darling, on December 12, 1972.

This paper discusses how viral marketing is theorized and viewed. It considers various components of this marketing practice that organizations use, citing thriving e-commerce companies, such as Amazon, while the opportunities and threats are also examined. The paper concludes that virtually all organizations can employ viral marketing.

Unfortunately, it is a widely seen that people from less developed European countries move to other wealthy nations in lookout for better prospects and end up being in distress and at loss. However, the nationals of developed nations enjoy full freedom and privileges and the people who have moved from other countries take themselves to be exploited.

Most attend because; they lack social interaction as they live alone and have health and mobility problems which could cause them to become isolated. This report will provide a detailed explanation of four communication skills used by care workers or service users in the care setting.

LITERATURE REVIEW: UNDERSTANDING GENERATION Y Understanding Generation Y The characteristics of Generation Y Technology dependency among Generation Y employees Culture and Organization Climate CHAPTER 3. HUMAN RESOURCES MANAGEMENT CHALLENGES AND GENERATION Y Human Resource Management Issues before Generation Y Challenges in dealing with Generation Y employees Management of Generation Y Dealing with Generation gaps in the organization CHAPTER 4.

With the advent and rapid proliferation of technology, the world has become a smaller place where accelerated communication and networking has nearly removed the personal boundaries in all aspects of life. Undoubtedly, workplace is no exception. The idea of supervision in the workplace has transformed into monitoring, employee testing, and electronic surveillance.

The pharmaceutical company would benefit from having access to a vast number of flora that has not been seen in other parts of the world. In addition, they would be able to access information about how certain plants are used to treat certain ailments but the native people and possibly capitalize on this

Every company prepares financial statements quarterly or half yearly every year. These financial statements are prepared maintaining the company policies, accounting standards and principles followed in that country, like in USA accounting is done on the basis of US GAAP model and based on international accounting standards.

In their article “Applying the Agency and Stakeholder Theories to the Enron Debacle,” Professors Refik Culpan and John Trussel give a theoretical perspective on that case study and, in doing so, illuminate some general cases in which similar sorts of circumstances may apply in a completely different situation.

A firm should go for investment projects which are more worth more, than their cost. Going for such projects or assets will increase the value of the firm and wealth of the shareholders. Capital budgeting decisions are taken with a long period of time in view and are generally pertaining valuation of real assets.

The Gulf oil spill is one of the worst disasters in the history of oil disasters and is remembered to date for its ill fate similar to that of its predecessor, Exxon. The Macondo well of BP burst into shambles and exploded in April whereby it devastated the lives on thousands of lives on the spot (Peppas, 2011).

The risk equation does not define the variables as single numbers in the probability distribution. This risk assessment leads to an output of ranging risks prior to the experiences of the receptors. Proper probabilistic risk assessments require an adequate description of the input parameters. PRA purely employs probability and probability distributions.

However, if the price is increased, then the put option would be left unexercised such that the foreign currency would be sold at the open market price at a higher rate as compared to the price specified in the put option. Assuming that a futures contract is bought, if the price is increased by 1 percent, then it will be known as 100 PIPs i.e. 1/100 (Points in Percentage).

The author of the paper states that the government spending in Seychelles is at 19.4 of the GDP in the public sector for the sole purpose of producing public goods compared to only 15.7 of GDP in producing public goods for a large nation. This culminated to extremely high debt ratios for this nation.

Financial statements give complete information about equity, assets, liabilities, expenses, reserves and profit and loss of concern. These statements help the management in making right decisions. The following constitute the basic financial statements: Balance sheet; Income statement and; Cash flow statement.

In the second part, the survey discusses the information required and procedures to be performed for audit planning and risk assessment of the entity. In the next section, the survey identifies the tests of controls to be performed for obtaining sufficient appropriate audit evidence concerning purchases made during a year.

The cases of Enron, WorldCom and various other cases in which accounting fraud was involved have clearly shown the importance of forensic accountants. Forensic accountant’s skills and roles have helped in breaking various financial frauds conducted by some in the corporate world. These cases have helped the public who have invested their hard earned money in companies such as Enron and WorldCom.

The invention of IAS 10, lead to the creation of more opportunities for inventive and innovative accounting. The policy completely transformed dividends declared after reporting period from ordinary liabilities to contingent liabilities. IAS 10 standards also serve as a common denominator for the creation of other local and regional accounting standards.

Winners and Losers in the Argument for Free Trade. Free trade can be defined as the ability of most countries to either export or import without any regulatory or government restraints. Economists posit the fact that free trade leads to the increase of trade and productivity among countries via decreasing various barriers to trade.

I began to take solace in the warning of my well wishers. Most number of the retail trading account opened will go empty within a year. I knew them to be right, but I did not want to be on the losers’ side. I hated to make mistakes; therefore, I began to look at the other side of the scenery.

According to the paper economic policy of the city has undergone tremendous strategic and structural revamp in last two decades. The city has been witnessing a GDP growth rate of eleven percent for the last two years while economic policy makers have targeted to achieve GDP of US$108 billion within next three years. Colliers International has underlined that real estate industry of the city will show growth rate of more than fifty percent over next few years.

During the financial year 2012, the current liabilities of the company JB-Hi Fi Limited have increased by $93,543 thousand as compared to the prior year ending 2011. This represents an increase of around 27% during the financial year. The major increase has been represented in the figure for Trade and other payables of the company.

Recording the mortgage and related transactions is a big responsibility to record and update the information. This mortgage fraud can be seriously associated with accounting fraud. When the mortgaged asset is not precisely priced and recorded with no proper interest and income schedule it causes this level of problem.

Due to globalization, it has become crucial to use international accounting standards to enable investors to use financial information from different countries to make investment decisions. IFRS enables comparability, flexibility, transparency and reduces the cost of doing business. Developing countries have benefitted from IFRS with increasing investor confidence and thus growing their economies.

This section focuses first on the implicit guarantee of Fannie and Freddie’s (F&F) loan. It is ideal for the government to remove the implicit guarantee because of the externality it provides to taxpayers (Glaeser & Jaffee, 2006, p.3). Since the guarantee exists already though, the government can consider two approaches to the externality.  

In 2008, the government of the United Kingdom designed a set of new policies so that the banks could cope up with credit crunch (a shortage of funds in the credit market for businesses and consumers) and recover from the economic downturn.

The developments have offered banks a unique, central responsibility in the US financial environments. These roles include lending and deposit taking and other activities in the financial services sector. Banks control the bigger proportion of the deposits that are transferable as checks (Spong, 2000).

The world is being rocked with many cases of accountants breaching business ethics. What these organizations fail to consider is the environment that employees work in. Accountants may be responsible people who change with the dynamics of the organization.

These transactions ensure money changes hands in the economy as well as growth of enterprises. Component of the U.S financial market include the Dow Jones industrial average, transportation average and the utilities average among others. Stocks are traded in the stock exchange e.g.

The process of financial planning adopted by corporations include a method of evaluating the present value of the company, expected growth of assets anticipated future expenses. Working capital management Working capital management involves maintaining optimum level of current assets and cash by the corporation in order to meet the short term liabilities.

In the year 2008, Romania showed economic development by an impressive 7.1%, but since then there has been a decline with 1% in 2012. The public sectors act as the buyers of products and services, while the agriculture sector is funded by the EU or developmental banks like the World Bank among others (“Doing business in Romania”).

Abudhabi Financial Market Introduction Abu Dhabi is the capital and the second largest city of United Arab Emirates. The financial market of Abu Dhabi is dominated by the banks and insurance companies of Abu Dhabi. The financial market has played a key role in the rapid growth of the energy sector and renewable energy industry of Abu Dhabi.

The author states that the motivating factors for the management’s engagement in revenue recognition fraud may be due to a weak season where the organization predicts unimpressive financial prospects. In addition, unscrupulous management systems could get involved in outright revenue recognition fraud.

The model assumes that investors are generally risk averse, and at the time of choosing their portfolio they are concerned only about the mean and variance of their return at the end of the period of investment. So investors prefer to choose mean-variance-efficient portfolios that would either minimize variance with a given expected return or would maximize expected return given variance.

It has operations in other continents as well and has operations in New York, London, Singapore and Hong Kong.  With the retained cash earnings being risen by 13% the amount of liquidity in the company increased. That was the reason why the company had taken this policy. 

A rational investor must not rely so much on history and perceived prestige but on rational data and exact trends of the stock of the company. In order to be in a capacity to know the share price of Westpac Bank thoroughly; it is essential to draw a trend. Figure value depicts the trend of the share price of the said bank.

Financial analysis steps in to help tone down the losses that are associated with risk through a thorough investigation of the risks that are associated with financing and investing activities (Vishwanath, & Krishnamurti, 2009). These risks include share price volatility, interest rates, credit worthiness of creditors, and capital availability and usage among other risks.

Healthcare organizations have few choices but to opt for mergers and acquisitions to survive in business. Gamble (2012) stated “As hospitals continue to merge and an affiliate, it presents a real concern whether independent hospitals can sustain their model and survive. Hospitals are merging or being bought and sold at a rate that continues to grow.

Managers have taken strategies to ensure accountability in the use of funds in order to create a strong positive relationship with the shareholders. One practice that firms use to ensure reliable financial information is auditing. Auditing entails a systematic examination of records, financial performance, and statements.

The business prospects of J Sainsbury plc evidence how the enterprise dominates the UK consumer market since it is the second largest chain store in the country. The UK market e environment is a composite of both internal and external factors, which impose challenges to the entire business’ operations.

Tax authorities want to determine the extent to which filed tax returns are credible (Webster, 2004). Creditors want to determine an organization’s creditworthiness. They give credit according to their customer’s level of financial health. Customers use financial information to assess the financial position of a company and its ability to supply goods or services stably for a long period.

3. a. Sales are projected to increase in coming years. 4. c. priced correctly 5. d. Company X has higher leverage than Company Y. 6. a. $129 7. a. 0.2 8. a. $ 416.25 9. b. 5.00% 10. a. 9.49% 11. c. 13.36% Problems 1. a. How and when should K2 account for their warranty?

Mainly, the problem lies in the fact that several death row defendants have lately been revealed to be blameless of their convicted crime. Such faults have to stop for the rule of law to exist. For instance Since 1987, 13 of 24 death row inmates in Illinois have been proven blameless by autonomous investigation and speedily released from prison (Kury, et al, 2003).

As per the Income Statement and the Balance Sheet, the company seems to be a very good profitable organisation but a mere look upon these two financial statements do not give a decisive position about a company’s performance, hence proper analysis needs to be done.

Name of the Student Name of the Instructor Subject Date Mumbai’s Dabawalah’s- A World Class Service Introduction The evolution of systems and structures as well as a pattern of managing them is nothing short of a modern miracle of organization. Man has emerged from being a cave dweller and a hunter-gatherer to an owner and manager of the modern conglomerate, international enterprises of repute and distinction that are world renowned and household names in many countries all over the world.

Dark energy is not directly observed, but rather inferred from observations of gravitational interactions between astronomical objects, along with dark matter. Dark matter must exist to account for the gravity that holds galaxies together. Dark matter is also responsible for amplifying small fluctuations in the cosmic microwave background back in the early universe to create the large scale structure we observe in the universe today.

UK economy has been experiencing slower economic growth but it is steady and expected to grow much higher by 2012. However, due to sluggish economic recovery, the Confederation of British Industry (CBI) has claimed that it “expected national output to increase by 1.3% in 2011 compared to the 1.7% it had been predicting three months ago”.

The accounting profession is guided by the generally accepted accounting principles (GAAP). The four basic financial statements are the income statement, balance sheet, statement of retained earnings, and statement of cash flow. Public companies release quarterly financial statements and yearly financial statements within the content of the annual report.

The resigning CFO had been serving the company for five years and his services to the company are highly appreciated. He was a part of the company during the company’s major successes and his contributions to the achievements of the company would always be appreciated.