...A business is defined as an organization engaged in the trade of goods, services or both to consumers. A business’s core responsibility is to earn a profit and increase the wealth of their stockholders. On the other hand a government’s role is to enforce laws, create new laws, and arbitrate conflicts to benefit the society in several ways including sustainability. Business owners whether for profit or non-profit are held accountable to the current Federal, State, and Local laws. If corporate sustainability reporting is not a current law then a company does not have the responsibility to incorporate disclosures relating to environmental, social and economic trends of the company resulting from sustainable actions into its financial statements. Milton Freedom put this best “"there is one and only one social responsibility of business – to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud" (Freidman 1970). Thus we believe that whether private or public, a business does not have the responsibility to report on sustainability as well as take sustainable initiatives if it is not required by the law. However, according to the trend more and more businesses are reporting on sustainability, and taking initiatives to become sustainable. Cascade Engineering is one of them. Based on our analysis of the sustainability report by Cascade...
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...Business briefing series 20 issues for businesses expanding internationally At Ernst & Young, we understand the challenges and we know what it takes to drive sustainable growth because we’ve helped many of the world’s most dynamic and ambitious companies develop into market leaders. Our global network of Strategic Growth Markets professionals are dedicated to serving the changing needs of fast-growth companies. Whether working with dynamic mid-cap companies or early stage venture-backed businesses, our professionals around the world draw upon their extensive experience, insight and global resources to help growing businesses reach their full potential. As well as providing traditional assurance, advisory, tax and transaction advisory services, our professionals work with you to reduce the complexity of legislation, help align your tax strategy with your business goals, expand into new markets and pursue mergers, acquisitions or other strategy transactions to take your business to the next level. We can provide guidance around how to manage and control your risks, so that you can approach the future with confidence. So whether your business thrives on entrepreneurial spirit, innovation or superior customer service – and regardless of your stage of growth – our Strategic Growth Markets team can help you take the next step. It’s not luck that makes leaders. Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are...
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...Business briefing series 20 issues for businesses expanding internationally At Ernst & Young, we understand the challenges and we know what it takes to drive sustainable growth because we’ve helped many of the world’s most dynamic and ambitious companies develop into market leaders. Our global network of Strategic Growth Markets professionals are dedicated to serving the changing needs of fast-growth companies. Whether working with dynamic mid-cap companies or early stage venture-backed businesses, our professionals around the world draw upon their extensive experience, insight and global resources to help growing businesses reach their full potential. As well as providing traditional assurance, advisory, tax and transaction advisory services, our professionals work with you to reduce the complexity of legislation, help align your tax strategy with your business goals, expand into new markets and pursue mergers, acquisitions or other strategy transactions to take your business to the next level. We can provide guidance around how to manage and control your risks, so that you can approach the future with confidence. So whether your business thrives on entrepreneurial spirit, innovation or superior customer service – and regardless of your stage of growth – our Strategic Growth Markets team can help you take the next step. It’s not luck that makes leaders. Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are...
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...BUSINESS IDEA 2 CREATING DESIGN 3 ERD 3 Main Business Process 6 BIS ETHICAL ISSUES 8 CRITICAL REFLECTION 9 Limitations And Future Developments 9 Reflection In The Context of INFS 1000 10 BIBLIOGRAPHY 11 BUSINESS IDEA It is widely acknowledged that undertaking work experience in the accounting industry whilst studying gives students a “leading edge” above their peers, thus improving their employability. Student Job Allocation Services (“SJAS”) does this by matching accounting students from universities around Sydney who have a credit average with well-respected firms for relevant work experience on a part-time basis. The students receive a scholarship which covers university fees and does not interfere with international students’ visa restrictions. Upon graduation, the employer will offer them a full-time contract. SJAS has a competitive advantage in the marketplace by focusing on service differentiation for a niche market, catering for accounting students only. Our main rivals include; newspaper and internet classifieds, UNSW/UTS Co-op Scholarships and Sydney Talent. Unlike these services, SJAS only selects high achieving students from accounting majors, rather than straight from high school or any student applying for a job. Employers will prefer the SJAS program as the student stays with the company for at least one year rather than rotating to a number of different firms. This encourages an increase in training for the students and complements...
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...American fast-food chain plans its market entry in Russia. Country Profile – Major Concerns of a Market Entry in Russia Table 1 summarizes the main general, current opportunities and risks prevalent for doing business in Russia. Opportunities in Russia | Risks in Russia | - Russia has a population of 142.9 million. This offers a great growth potential of our customer base. (Ernst&Young, 2012) The population is broad-based, young and not picky (Wilson, 2004). | - The Russian labor market is highly segmented. Earning, income and educational inequalities are large. Additionally, the enforcement of labor standards is lax and collective bargaining is underdeveloped. (OECD, 2012) Therefore, we will need mechanisms to control their enforcement after the market entry. | - Russia is still experiencing an economic upward trend in terms of GDP of 22% from 2011 to 2012. (Ernst&Young, 2012) This indicates rising purchasing power in the country for our product and future growth potential for this purchasing power. | - Due to educational differences and decreasing unemployment the war for talent gets tougher as more and more companies compete for skilled work force. Additionally, due to low wages in...
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...Introduction Internationally known business firm Finalyzer Company is interested in jointly collaborating with one of its colleagues in the industry Ernst & Young(E&Y). This is to be the first international joint venture proposal of the company. Fynalyzer is committed to developing diverse businesses in other parts of the world and are interested in other potential projects. The government of the country is interested in proceeding rapidly with the privatization of selected industries and in encouraging an influx of foreign, private sector capital investment to help revitalize the country’s economy. In order to guarantee the long-term success of both firms and to enable it to compete withtrends of business, it should develop the capability to produce international quality services that will be consistently the benchmark among other firms. Growth in and development of the existing business of Finalyzer will benefit the country, the employees and management of both firms through larger revenues to the government, enhanced prosperity for the community and personnel, transfer of technical and management expertise for both firms, and a large probability of increased number of clients for foreign transactions. Finalyzer proposes to link its major services with E&Y and to collaborate its employees with them, thus creating a partnership for similar services of the firms. This approach can be negotiated and implemented rapidly. This program is expected to act as a magnet...
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...Tax Accounting Career Path Intermediate Accounting II- Spring 2014 Submitted to Dr. Jeffery Hillard Dante Pennix Sr. April 21, 2014 My goal is to become a Certified Public Accountant while achieving the goal of owning a lucrative CPA firm. One of the great benefits of choosing tax accounting as a career is that you will always have a job when you graduate. Tax accountants and CPAs will always be in high demand as long as the globalizations of marketplaces continue to develop. Tax accountants also create tax strategies to reduce the amount of taxes a client owes while remaining compliant with GAAP and tax laws. The qualities of a tax accountant consist of begin able to be organized, competent, have an attention to detail, ethical, and most in important effective communications, both written and verbal. For example, common responsibilities for tax accountants include preparing and filing taxes, financial planning, completing continuing education credits, and researching and reviewing past tax filings. In summary, the career path of a tax accountant and CPA is very tedious and technical but overall, the journey is worthwhile. The reason why I elected tax accounting as a career path was because of the stability and longevity that it holds. Another reason I choose this career choice was for the challenging and gratifying work that it brings. Tax accounting is a specialized field because of the ever changing rules in the accounting arena as with new regulations and laws of the tax...
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...Ernst & Young “Business Leaders of Tomorrow” Case Contest Bigg Glowbell (BG) Case Study Table of Contents Table of Contents ................................................................................................................................................ 1 Assignment Background .................................................................................................................................. 2 Bigg-Glowbell Overview ...................................................................................................................................... 3 The Company History ...................................................................................................................................... 3 Revenue and Profits ........................................................................................................................................ 5 Bigg-Glowbell Global Locations ....................................................................................................................... 6 Bigg-Glowbell Organization, Products and Services ........................................................................................ 7 Ownership ..................................................................................................................................................... 14 Strategic Issues ..............................................................................................................................
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...Carter Mize Dr. Stanwick May 2, 2016 Business and Accounting Ethics- The Only Things That Matter Good morning. It is an honor to be here right now and it seems like just yesterday I was sitting exactly where you all are not ready to leave. First, I would just like to take the time to honor and applaud all the graduates here for a job well done. You all should be very proud of not only what you have accomplished, but also the way you all have represented Auburn University. I want to thank all of you and especially Dean Hardgrave for inviting me to come speak. My name is Carter Mize and I graduated undergrad from Auburn University and then came back and got my masters in accounting here at Auburn as well. I currently work for Ernst and Young in Birmingham, Alabama in the assurance practice. Today I am here to talk about Business and Accounting Ethics, which is an extremely important topic that can sometimes be easily overlooked. You all are about to enter the business world where there will be ethical decisions you guys will have to make everyday that could have a huge impact on your career. I first want to start off by reading the definition of business ethics to kind of lay the groundwork. Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations...
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...The Integrated Communications and Measures Plan PricewaterhouseCoopers International Limited Jing Kang MBA525 Applied Marketing Professor Bari Courts December 6, 2015 Overview PricewaterhouseCoopers International Limited (PwC or “the company”)- one of the famous four international accounting firms, the others are KPMG , Ernst & Young and Deloitte, it was founded by Price Waterhouse and Coopers & Lybrand in 1998. The company provides 6 main parts of sevice, which are audit and assurance service, consulting dealing government service and human resouce service, IFRS reporting and private company service, risk assurance service and tax service. PwC has many huge clients all over the world. Their major customers are IBM, NTT , Dell Computer , Ford, Chevrolet , and Nokia ect. Form the data which show that in the Fortune 500, in the 83% of PwC clients, ther are 29% audit clients. PwC are spread more than 150 countries and they hire over 161,000 staff. In the siutation analysis reprot the company grabs the huge share in the international market. Comparing with other big three accouting company, PwC has three advantages. To begin with is the new consulting service which is designed to help the fledgling high-tech companies. PWC consulting will provide help for the company's early start, create business models and attract investment and other aspects. At present, the company in the high-tech fields of customers including Systems Cisco...
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...services to over 5,000 esteemed clients. We provide integrated solutions that draw on diverse and deep competencies in assurance, tax, transaction and advisory services. We uphold the highest standards of quality. In fact, SGV & Co. remains the only ISO 9001-certified professional services firm in the Philippines – a distinction we have maintained since 1996. Our track record has remained unmatched in the region. We have accumulated invaluable resources in our 67 years of operations - highly qualified and competent staff, state-of-the-art facilities and an enviable international network. SGV & Co. is a member practice of Ernst & Young, a global leader in assurance, tax, transaction and advisory services. Worldwide, its 167,000 people are united by shared values and an unwavering commitment to quality. SGV & Co. and Ernst & Young make a difference by helping our people, clients and wider communities achieve their potential. Our Values * • People who demonstrate integrity, respect and teaming * • People with energy, enthusiasm and the courage to lead * • People who build relationships based on doing the right thing FAQ SGV audits: » 54 of the top 100 corporations in the Philippines » 396 of the top 1000 corporations in the Philippines » 7 of the top 17 universal banks » 8 of the top 11 regular commercial banks » 4 of the top 8 savings and mortgage banks » The top private development bank » 21 of the top 32 holding companies ...
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...one of history's greatest logistical triumphs. Target sells tens of thousands of items from all over the world. Target alone stocks items made in more than 70 countries, according to its corporate Web site. With those kinds of numbers, having an effective and efficient inventory control system, an inventory management system is imperative. Target's inventory system helps it maintain its signature slogan "expect more, pay less" guests (customers) can expect more of a better quality product while paying less for it. At any given time, “the Minnesota-based retailer manages an average of $32 billion in inventory,” reports Supply Chain Digest. The inventory system and the related cost of sales are accounted for under the retail inventory accounting method (RIM). Since a physical inventory is taken only quarterly or once a ye ar, Target uses the last-in, first out (LIFO) method. The inventory is stated at the lower of LIFO cost or market meaning if the cost of the replacing inventory is lower than its recorded purchase cost, this method is used to value the inventory. Cost includes purchase price as reduced by vendor income. Target’s inventory is also reduced for estimated losses related to shrink and markdowns. The LIFO method is calculated based on the inventory levels, markup rates and internally measured retail price indices. Under the inventory costing method, the inventory cost and the resulting gross margins are calculated by applying a cost to retail ratio to the retail...
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...[pic] Management consulting To the brainy, the spoils As the world grows more confusing, demand for clever consultants is booming May 11th 2013 | NEW YORK |From the print edition [pic] ELITE management consultancies shun the spotlight. They hardly advertise: everyone who might hire them already knows their names. The Manhattan office that houses McKinsey & Company does not trumpet the fact in its lobby. At Bain & Company’s recent partner meeting at a Maryland hotel, signs and name-tags carried a discreet logo, but no mention of Bain. The Boston Consulting Group (BCG), which announced growing revenues in a quiet press release in April, counts as the braggart of the bunch. [pic] Consultants have a lot to smile about (see table). The leading three strategy consultancies have seen years of double-digit growth despite global economic gloom. In 2011, the last year for which Kennedy Information, a consulting-research group, has comparable revenue numbers, Bain grew by 17.3%, BCG by 14.5% and McKinsey by 12.4%. All three are opening new offices. Big trends that befuddle clients mean big money for clever consultants. Barack Obama’s gazillion-page health reform has boosted health-care consulting; firms would rather pay up than read the blasted thing. The Dodd-Frank financial reform has done the same for financial-sector work. Energy and technology are hot, too. Companies are reluctant to talk about their use of consultants, and consultancies are relentlessly tight-lipped...
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...motorbike engines. Two years later, Honda Motor Company, Ltd. was born, and in 1959 Honda opened its first storefront in Los Angeles with six industrious employees. The history of the Honda Motor Company began with an autophile and his dream. Japanese entrepreneur Soichiro Honda had loved motor vehicles almost since birth. When he was fifteen, he became part of an auto repair shop, and the passion grew. His greatest dream was to become a world-renowned car racer, and it was an ambition which he would fulfill in time. But first, the auto lover found himself employed as a technician. During his free time, he nurtured his growing interest in motor vehicles by building race cars and tooling with his Harley motorcycle. Honda possessed a natural talent for anything motorized, and his skills allowed him to open the doors of his very own repair shop in 1928. As his curiosity grew, he attended technical school in order to discover the perfect way to manufacture a piston ring. Honda combined his inborn knowledge with his new technical knowledge to take the first tentative steps toward entrepreneurial success. He utilized what he had learned about piston rings to form the Tokai Seiki Company. In 1928, he secured his first of many patents (for automobile wheel spokes). Then, as World War II ravaged Japan, Honda cornered the market on badly needed generator motors. His growing capital allowed him to break ground on the Honda Technical Research Laboratory in 1946. Just two short years later,...
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...2008 GREAT RECESSION COMPANIES WHO SURVIVED AND ALTERNATE METHODS TO EMPLOYEE LAYOFFS MGT 310-06 PROFESSOR CAS CASWELL BY DE’-LISA BARNES INTRODUCTION In 2008, the end of the first decade of the 21st century, the world market experienced the worst economic decline, known as the Great Recession. The overall impact was described as being the worst global recession since World War II. The precise magnitude and timing of the recession is widely debated and varied from country to country. The years leading up to the crisis were characterized by a highly excessive rise in asset prices, combined with a boom in economic demand, which inflicted a clear hardship for businesses and families. To further explain my research, this paper will focus on the following: What caused the great recession, Effects of the recent recession, Types of Businesses that survived the recession, Companies that hired during the recession, Companies that choose shared-worked programs over layoffs, Various states that participates in the work shared programs, and the Advantages of the work share program. WHAT CAUSED THE GREAT RECESSION The Great Recession actually began in December 2007, which is long before most people ever realized what was to soon transpire. Although there are many speculated factors or causes that led to the recession, the American people strongly believe that the following groups are responsible for the Great Recession of 2008: Government, Mortgage Companies, Banking...
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