...14 5.0 References 15 1.0 Abstract Biovail Corporation, a large pharmaceutical company and had applied advanced drug-delivery technologies to improve the clinical effectiveness of medicines. It is recently had its stock downgraded by a well-known pharmaceutical analyst and a number of other analysts were also scrutinizing the company. The outcome was not favorable, as Biovail's acquisition methods were labeled as unethical and their accounting practices were questioned. An investor with the company must decide if she will continue to invest in a company that has been identified with low ethical standards. 2.0 Introduction Biovail Corporation was one of Canada’s largest publicly traded pharmaceutical companies. Its products commercialized both directly in Canada and through strategic partners (internationally). The company was very expert in the development and large scale of manufacturing of pharmaceutical products. Besides that, Biovail’s stock had listed on both the Toronto and New York stock exchanges. Biovail filed annual reports to the U.S. SEC and prepared financial statements in accordance with both U.S. and Canadian generally accepted accounting principles (GAAP). Biovail Company engaged activities on enhance formulate of the existing drugs, clinical testing, manufacture and commercial pharmaceutical products and utilized advanced drug delivery technologies. On 30 September 2003, there was a truck carrying a shipment of Wellbutrin® XL from Biovail’s manufacturing...
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...CODE OF ETHICS Company X was founded by me, GR in 2012. I have decided to spend some time focusing on the ethical practices in today’s business world. It is known by many that situations arise in which employees face ethical dilemmas and are not aware of what actions to take. By creating this code of ethics I hope to illustrate what is expected out of Company X’s employees and also want to direct decision making to a more ethical side. Our Character The most important thing to our company is the merit for which we place into practice as we handle our everyday business. We here at Company X have a strong belief that ethics is the heart of any company. We would like to be just and cause no physical or emotional harm to our employees, coworkers, customers and business partners. While monetary gains are important to this company, the integration of ethics in our decision making is just as important. We would like to our company to be ethical so that we Standards and Procedure Discrimination Company X does not in any way shape or form discriminate against employees or perspective employees regardless of race, color of skin, choice of religion, sex, pregnancy, sexual orientation, nationality, age, enlisted status, marital status or disability. Uplifting Environment Company X does not condone harassment of any kind whether it is physical or psychological. If you have been harassed at Company X you should let your manager or the human resources manager knows about the harassment...
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...Instructions Complete the medical abbreviations chart. (Note that the medical abbreviations are the same as those highlighted in yellow in Jane Dare’s Health Record). In the second column, list what each of the individual letters in the abbreviation represents. In the third column define the context or meaning of the term that the abbreviation represents. Use simple terms. Finally, in the far right column, identify the source document. For example, face sheet, discharge summary, progress notes, or x-ray report. Abbreviation | Letters Represent | Context Definition or Application within the Patient’s Chart | Source Document | 1. ICD | International classification of diseases. | States the classification of coding use | Admission SummarySheet | 2. CM | Clinical Modification | Classification of coding use | Admission Summary Sheet | 3. N/A | Not Available | This information concerning the patient is not available | Admission Summary Sheet | 4. ER | Emergency Room | States where the patient was taken for medical care | History & Physical | 5. C/O | Complains of | She made complain of | History & Physical | 6. SOB | Shortness of breath | Symptoms she was having | History & Physical | 7. mg | Milligram | The dosage of medication used | History & Physical | 8. po | By mouth | Method the patient will take her meds | History & Physical | 9. tid | Three times a day | The amount of times the patient will take...
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...accesses the Home Care Central Record for any existing clients. The Coordinator then reviews the information in the documents and schedules the applicable home care visits. After business hours and on weekends, the home care nursing staff periodically checks the faxes, and sorts them by ongoing clients or new clients. Referrals updating the status of ongoing clients are given directly to one of the nurses responsible for that geographic area of the community. Pharmacists and technicians dispense medications from the drug stores in the community. Technicians are responsible for processing prescriptions in the computer and preparing and labelling medications as well as inventory management functions. Pharmacists are responsible for reviewing the patient medication profile and completing the final check of the medications before they are dispensed for pick-up or home delivery. Some attending physicians at the Community Hospital fax a prescription to the patient’s drug store so that patients and families can easily pick-up any needed medications on the way home. The incident involves a 76-year-old male home care client receiving a leg ulcer dressing change every five to seven days. The patient is obese and has a history of angina, high blood pressure and deep vein thrombosis. He has limited mobility and was in hospital for eight days with a diagnosis of community-acquired pneumonia. The patient was discharged on a Saturday with a...
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...PIEDMONT AIRLINES EMPLOYMENT APPLICATION | | |PERSONAL INFORMATION | |LAST NAME FIRST NAME |ALIAS OR NICKNAME |SOCIAL SECURITY NUMBER | |MIDDLE INITIAL | |224-71-6419 | |Boswell William D | | | |RESIDENT ADDRESS CITY STATE |PRIMARY PHONE |ALTERNATE PHONE | |ZIP CODE | | | | |720-271-6464 | | |9601 Alfaree Road Richmond VA 23237 ...
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...SCHOOL OF PHARMACY REPORT WRITING UCS 1263 Assignment 1 Hospital Attachment Report Name : Thiban Ellumalay ID : 012011051056 Programme : BPH Lecturer Name : Dr. Jiyauddin Khan Submission Date : 30th September 2013 An attachment report based on the lesson learned, activity being carried out, experience gained, problem faced and suggestion at Hospital Tuanku Ampuan Rahimah, Klang in various pharmacy departments for period of 3 weeks Submitted to Dr. Jiyauddin Khan, PhD Report writing lecturer, School of Pharmacy Management & Science University Shah Alam, Selangor Darul Ehsan, Malaysia. Prepared by, Thiban Ellumalay, 012011051056 3rd year Bachelor of Pharmacy, Management & Science University Shah Alam, Selangor Darul Ehsan, Malaysia. 30th September 2013 Acknowledgement First and foremost I would like to thank the almighty lord for giving me wisdom to get my attachment done with successfully as well as with the preparation of the report. Without his blessings I wouldn’t have achieved this stage. Besides that, throughout my attachment accomplishment, many people have inspired me, influenced me and contributed their time, energy, ideas, and suggestions for improving my report. I will always be in debt to these people, too numerous to mention. I would...
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...assess functionality of facilities with regards to services; material and human resources. 2. To assess the management structures and decision making process of selected facilities and their interaction with the district management team 3. To conduct a SWOT analysis of selected facilities 4. To develop recommendations for pertinent areas of interventions towards improving quality and efficiency of services The methodology included a structured questionnaire with checklists, in-depth interviews with selected staff and observations. A total of 27 interviews in four hospitals were conducted, a breakdown on which is provided in the annex. This report is divided into three parts i.e. (1) SWOT analysis of hospitals visited (2) general observations with regards to pertinent areas and (3) recommendations. The report comments specifically on the following areas: 1. Service provision: Types of services provided; barriers to effective functioning, further needs and potential initiatives and affects of external agency support with a focus on sustainability. 2. Management structure/processes: Key management posts and structures such as management team, meeting schedule, types of decisions made, barriers and needs with regards to skill capacity; budgeting, accountability and...
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...Ethical vs. Unethical Dr. Boehm April 21, 2014 Introduction The placebo drug, commonly known as the “sugar pill”, is a drug used by many physicians and doctors to test their patients on mind-control and their behavior to a trial or experiment. Patients however, do not know they are given the placebo and routinely report changes in their behavior and/or state of being. Many even report the symptoms of the drug they originally thought they were receiving. The articles used are common studies of the Placebo Effect. The first article is about the unethical use of the placebo and how many persons are deceived by the drug that encompasses their body. The second article speaks on the clinical and neurobiology aspects of placebo drugs. The third article is a study that Dove manufactured for women and their inner beauty; the study went viral throughout the United States very quickly. All three articles build upon one another to show how science has evolved throughout the years. Study Dove composed a research study in which participants were to use a patch to make them feel more beautiful than they already felt. They wanted to see if women would be able to feel their inner beauty by themselves or would they need help from a stimulant of some sort. They used several different women; of different races and backgrounds, to make the trial study a reality. The women were to place the RB-X, or beauty patch, on their arm for multiple days and record their findings in a daily...
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...CONTENTS INTRODUCTION 2 ISSUES 3 QUESTION and ANSWER 4 RECOMMENDATION 8 CONCLUSION 10 BIBLIOGRAPHY 11 INTRODUCTION Biovail Corporation was one of the Canada’s largest pharmaceutical publicly traded companies which expert in the development and large scale of manufacturing of pharmaceutical products. Biovail Company engaged activities on enhance formulate of the existing drugs, clinical testing, manufacture and commercial pharmaceutical products and utilized advanced drug delivery technologies. This company had listed on the Toronto and New York Stock Exchange (NYSE). In the case, on September 30, 2003 there was a truck carrying a shipment of Wellbutrin® XL from Biovail’s manufacturing facility in Manitabo to Biovail’s Distributor, North Carolina was involved in a multi-vehicle traffic accident near Chicago. The company announced that the loss of the quarterly earnings which target by $260 million is because of the truck accident happened that contributed a significant unfavourable variance where the company estimated that revenue of the truck that involved in accident was in the range of $10 million to $20 million. There are several issues that addressed in this case which included accounting policy based on the revenue recognition; how Biovail Corporation should account the sales based on two different “Freight On Board” (FOB) point which are FOB Shipping point and FOB Destination point, and ethic of earning management where Biovail is suspected might significantly...
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...Union support to the Ministry, aimed at facilitating evolution of key evidence-based policies, and enabling the people of Georgia to increase control over their health and its determinants. This briefing note develops the case for giving support to the Georgian government in elaborating the HPS. It argues that transparent and participatory processes must be established to assure strong national ownership and consensus over the outputs. The process must also guarantee the skills transfer and capacity building of national stakeholders; and be flexible and highly responsive to the government needs while producing strategies effective, feasible and applicable to the local context. Georgian public health Over recent years Georgian efforts to adopt and nurture a democratic market oriented economy have been impressive (Chanturidze et al. 2009). On the down side however, the Georgian health sector still demonstrates system imbalances between curative services and O x f o r d • prevention, and between clinical services and primary health care (MoLHSA 2009b). Many Georgians have a predisposition to an unhealthy lifestyle, which is not being adequately addressed (Milner et al. 2009). Such inequalities and imbalances as well as behaviours and lifestyles have not been touched by the positive economic reforms. The public are generally uninformed of the principles of health promotion and to...
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...000 - $135,000) / 27 years = $12,407 Average annual gain for Muskoka area cottage = ($450,000 - $200,000) / 16 years = $15,625 The optimal solution would be to allocate as much of the principal residence exemption as possible to the property with the highest average annual gain. Therefore, allocate the principal residence exemption to the Hamilton home for all the years from 1987 to 1997, inclusive (11 years) and to the Muskoka area cottage from 1998 to 2013, inclusive (16 years). The allocation limit is 16 years for the Muskoka area cottage since it was not owned by Richard prior to 1998. The amount of the capital gain that is shielded as a result of the principal residence exemption is determined by the following formula: Gain x (1 + the number of years as principal residence)/number of years owned =...
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...Table of Contents INTRODUCTION 1 ISSUES 1 QUANTITATIVE ANALYSIS 2 QUALITATIVE ANALYSIS 3 (i). Revenue Recognition Analysis 3 (ii). Strength and Weaknesses of Biovail 3 RECOMMENDATIONS 4 CONCLUSION 5 INTRODUCTION Biovail corporation was one of Canada’s largest publicly traded pharmaceutical companies. Biovail is a specialty pharmaceutical company engaged in the formulation, clinical testing, registration, manufacture and commercialization of pharmaceutical products, utilizing advanced drug-delivery technologies. The company currently has over 20 distinct, proprietary drug-delivery technologies and has access to other technologies through licensing agreements with development partners. In September 2010, the stockholders of Biovail Corporation and Valeant Pharmaceuticals International voted in favour of combining the two companies to become one under the Valeant name. The new combined company is known as Valeant Pharmaceuticals International, Inc. and its shares are traded on both the New York Stock Exchange and the Toronto Stock Exchange. In the case, on September 30, 2003, a truck of Biovail carrying a shipment to Biovail’s Distributor, was involved in a multi-vehicle traffic accident near Chicago. David Maris found that Biovail intentionally and falsely attributed nearly half of its failure to meet its third quarter 2003 earnings guidance to a truck accident. Biovail intentionally misstated both the effect of the accident on Biovail’s third quarter earnings as well...
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...Challenges…………………………………………………………………………………………9 Policing Strategies……………………………………………………………………………......10 Conclusion…………………………………………….…………………………………………..10 References…………………………………………………………….…………………………..11 I. Introduction There are various definitions available which describe the phrase ‘Money Laundering’. Article 1 of the draft European Communities (EC) Directive of March 1990 defines it as the process by which large amounts of illegally obtained money (from drug trafficking, terrorist activity or other serious crimes) is given the appearance of having originated from a legitimate source. In Rwanda context, the crime Money Laundering is defined under article 2, paragraph 1 of law no 47/2008 of 09 September 2008 on prevention and penalizing the crime of money laundering and financing terrorism. If it is done successfully, it allows the criminals to maintain control over their proceeds and ultimately to provide a legitimate cover for their source of income. Money laundering plays a fundamental role in facilitating the ambitions of the drug trafficker, the terrorist, the organized criminals, the insider dealer, the tax evader as well as the many others who...
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...Statement of Length The dissertation does not exceed the word limit of 80,000 words Fieldwork Thailand (money laundering); Indonesia and Burma (deforestation); New York (US money supply); Washington DC and Fort Worth, Texas (Organised Crime linked to terrorist funding); Australia (Sydney, (APG) and Canberra (money laundering, South Pacific); and Rome, Italy (Chinese organised crime). Contact Frank.Madsen@cantab.net Abstract Through an analysis of the presence and nature of international monetary flows of non-declared origin and their relation to deviant knowledge, the thesis determines that both terrorism and organised crime are nurtured by a constant trickle from minor sources rather than by large financial transfers; and that anti-money laundering provisions are misapplied, taken too far, too expensive, and incapable of demonstrating their effectiveness. In lieu of more traditional policy recommendations, the thesis develops a complexity-theory based...
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...Chapter 17 Audit ing the Investing and Financing Cycle |Learning Check | 17-1. Investing activities represent the purchase and sale of land, buildings, equipment, and other assets not generally held for resale. In addition, investing activities include the purchase and sale of financial instruments not intended for trading purposes (discussed in chapter 18). Financing activities include transactions and events whereby cash is obtained from or repaid to creditors (debt financing) or owners (equity financing). Financing activities would include, for example, acquiring debt, capital leases, issuing bonds, or issuing preferred or common stock. Financing activities would also include payments to retire debt, reacquiring stock (treasury stock), and the payment of dividends. 17-2. When auditing the investing and financing cycles auditors typically address the following issues: • What assets are necessary to support the operations of the entity, and what are management’s long-range plans for growing the entity’s asset base? Answering this question assists the auditor in developing expectations of long-term assets needed to support operations. • What assets were acquired, or disposed of, during the period? Answering this question confirms the auditor’s expectations regarding assets needed to operate effectively. It also assists the auditor in developing expectations of regarding financing activities. • How were newly acquired assets...
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