...Wal-Mart Ethics and Compliance FIN/370 OCT 23RD 2010 Wal-Mart Stores Inc.Ethics and Compliance Give me a “W”, Give me an “A”, Give me an “L”, Give me a squiggly, Give me an “M”, Give me an “A”, Give me and ‘R”, Give me a “T”. What’s that spell? Wal-Mart. Whose Wal-Mart is it? It’s my Wal-Mart! Who’s number one? The customer! Always! This is the motto and cheers that Wal-Mart lives by. Don’t be surprise if you hear the associates shouting this loudly and proudly at your local Wal-Mart store. It is one way they show pride in the company and how much they value its customers. Ethics plays a huge role on why Wal-Mart has been successful and as Sam Walton would say “Just because we work hard, we don’t have to go around with long faces. It’s sort of a ‘whistle while you work ‘philosophy and we work better because of it” In 1962, Sam Walton opened his first store, he implanted many principles and values within the company; Respect for individual, Service to the Customer and Striving for Excellence which were his 3 basic beliefs and remain firmly committed to after his death. The Global Ethics Office in the company promotes ethical culture to all stakeholders worldwide. The statement of ethics gives all associates globally a reference guide to make ethical decisions. Wal-Mart ethical standards exist to strengthened the operation of positive labor and environmental practices in factories. The company encourages anyone that is involved in an ethical...
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...Professional values differ from company to company just as personal values do between individuals. However the underlying foundation remains the same. A company’s values are determined by what they deem useful, important, and worth to their organization. Business ethics are as defined by “The times” as Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice. It is relatively easy to identify unethical business practices Our team selected Apple which is one of the top 10 most admired tech companies out there (Cnn money). Their vision and ability to launch innovative electronics has the world by storm with its iphones, ipads and computers, and along with all this public interest comes responsibility. The Apple corporation has business practices in place to ensure ethical practices such as their business conduct “the way we do business worldwide” policies. They expect that employees will be honest, respectful, keep confidential information remains confidential. Apple encourages employees to speak up if they have knowledge of a possible policy violation of conduct, principals, legal or regulatory requirements. Accurate records are critical to meeting Apples legal, financial and management obligations payroll, reports, customer information in addition...
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...Ethics and Compliance Paper FIN/370 Ethics and Compliance Paper In today’s business world, all businesses, organizations, and corporations must conduct business with the utmost honesty and in an ethical manner. This paper has been designed to discuss the Walmart Corporation, its role of ethics and compliance, the procedures used to ensure ethical behavior, the processes Walmart uses to comply with SEC regulations, and a review of Walmart’s financial performance over the last two years. Role of Ethics and Compliance of Walmart The Walmart Corporation prides itself on its ethics and compliances to standards and regulations. Walmart shares all of its strategies and performance ratings in its annual reports, news releases, public filings, conference calls, and Internet resources so that all information is readily available to the public and potential and current stockholders. In regard to financial ethics of Walmart, the requirements are that the Chief Executive Officer (CEO) and Senior Financial Officers (SFO) must supply fair, full, understandable, and timely release of financial rankings in the periodic reports, which the Securities and Exchange Commission (SEC) examines. The CEO and SFOs of Walmart are responsible for reporting information that there may be in regard to deficits in operations in specific or general areas that could have a negative impact on the accurate reporting of financial data. Fraud involving associates who may be acting...
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...Lowes Ethics and Compliance FIN/370 Introduction Role of Ethics and Compliance Processes and Procedures Lowes takes pride in making sure that its employees maintain a level of professionalism as well as follow a strict code of ethics. Within the Code of Conduct and Ethics document that Lowes distributes to its employees, third party vendors and board members they discuss in detail the expected performance of each individual. This performance is not only based on day-to-day interactions but also with federal and state regulations. Since Lowes is a retailer more than likely the largest ethical concerns would be fair treatment of employee’s friends and family. According to "Code Of Business Conduct And Ethics" (2012), “Therefore, every Employee, while acting on behalf of the company, shall comply with all applicable domestic or foreign governmental laws, rules and regulations, and should avoid engaging in any conduct that, even if legally permissible, that is inconsistent with the ethical principles to which Lowe's subscribes.” This statement shows how passionate Lowes is about their ethical standards and what the company expects from their employees. Stating that regardless if something is “lawful” by domestic or foreign laws that certain actions will still not be tolerated if it is against the policy that Lowes enforces. Lowes gives ample information concerning different ethical and legal situations that employees may find themselves in. Within...
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...Starbucks: Ethics and Compliance FIN 370 August 7, 2012 Professor Tom Brady Starbucks: Ethics and Compliance Business Ethics and Compliance is a platform that undergirds Starbucks operation and assists to safeguard its philosophy and name by supplying ways that help associates make moral judgments at work (Starbucks Corporation, 2012). Starbucks has been on the scene since 1971 and has continued to grow at a minimum rate of 20 percent annually. Starbucks is known as the collegiate meeting place and the patrons are as diverse as its employees. Business professionals, students, stay at home mothers and dads alike find that Starbucks is one of the many places that are not biased in service or its beliefs. For the last 5 years Starbucks has been awarded as one of the most ethical companies in the world. The award recognizes companies that actually go past making statements about doing business "ethically" and transform those words into deeds that benefit all mankind (Ethisphere, 2012). As a company Starbucks believes that equal and fair treatment of every person is detrimental to making any business successful. In an effort to make sure that Starbucks remains a thriving business ethical compliance has been a major focus of the company from its beginning. Every employee is educated in what ethical policies are and the expected role he or she is to play once employed. Starbucks is known to embrace diversity and consider every employee a partner in changing the world one...
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...Ethics and Compliance Paper Joe Williams (Team “A") FIN/370 Version 7 January 15, 2014 Ms. Nicolla Tebao Ethics and Compliance Paper Walmart is obligated and committed to following the rules and regulation of U.S. Securities and Exchange Commission (SEC). To understand Walmart’s compliance process, we must first examine the company's three basic beliefs. These beliefs have allowed them to become a valued-based and ethically led company. These three beliefs are “Respect for Individuals, Service to our Customers, and Striving for Excellence”. Based on these beliefs Walmart has established guiding principles for its stores in many countries throughout the world to follow. The guiding principles that influences the process of this company used to comply with SEC regulations are; always act with integrity, follow the law at all times, be honest and fair, reveal and report all information truthfully, without manipulation or misrepresentation. Because Walmart is listed as a U.S. public company, and a global business it must consider the laws in other countries when implementing any form of compliance policy and procedures. Walmart has made improvements to its compliance programs around the world in reference to its processes, procedures, and people. Though Walmart is addressing only 14 compliance subject matters in every business, these areas are common everywhere Walmart does business. The 14 compliance subject matters are “anti-corruption, food security, anti-money laundering...
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...Ethics and Compliance – Starbucks Finance for Business FIN/370 September 23, 2013 Ethics and Compliance – Starbucks – They also have seasonal changes so be sure to mention those wherever they may fit in. Starbuck has an extraordinary ethics and compliance financial environment. Starbucks has implemented several procedures to ensure this ethical behavior is consistent throughout the organization. Financial Markets serve and important role within the United States and Starbucks has integrated the market techniques to further their fortune. In addition, Starbucks complies with SEC regulations. Team A has obtained Starbucks annual report and SEC filings for the past two years. Using financial ratios, such as current, debt, return on equity, and day’s receivable. Team A will determine and the trend for each ratio in conjunction with Starbucks financial health will be analyzed. Ethics and Compliance in Starbucks Financial Environment - Sergio * Assess the role of ethics and compliance in your organization’s financial environment. Procedures to Ensure Ethical Behavior * Describe procedures your organization has in place to ensure ethical behavior. They also have seasonal changes so be sure to mention those wherever they may fit in. * Financial Markets Work in the United States – The financial market is a place where buyers and sellers participate in the trade of assets such as equities, bonds, currencies and derivatives. Financial markets are typically...
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...Ethics and Compliance Team B FIN 370 April 23, 2012 Thien Ngo Ethics and Compliance Complying with the SEC Regulations The Securities Act of 1933 had two main purposes. The first purpose of the Securities Exchange Commission or SEC is to require investors to files significant information regarding the securities for public sale. The second purpose is to stop any fraud, or misrepresentation in the sale of these securities. The SEC is responsible to enforce laws to make sure organizations complying with the laws created. The Security Exchange Act of 1934 regulates the transactions of securities in the secondary market where Wal-Mart’s securities are exchanged. The SEC’s powers include enforcing the Securities Act, the Exchange Act, Sarbannes- Oxley Act of 2002, and other legislature (Sarkar, n.d.). Wal-Mart keeps the public and the SEC well informed of all significant information by the many publications they create and reports they must file according to the law. Wal-Mart creates an Annual Report, periodic news releases, Quarterly Reports, Global Sustainability Reports, Proxy Statements, and many more. These periodic filings are required to be filed with EDGAR, an online filing system. EDGAR stands for Electronic Data Gathering, Analysis, and Retrieval system. EDGAR’s purpose is to ensure efficiency and fairness of the securities market. Wal-Mart requires any person who owns more than 10% of securities of the organization to file reports of ownership and...
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...Ethics and Compliance Paper FIN: 370 Finance for Business May 12, 2011 Walmart “Lowest prices guaranteed, Rollback prices and price matching”. You may have heard these lines on the radio or watched them in a commercial. These are all quotes from Wal-Mart advertisements promising the lowest prices. Wal-Mart is the biggest retailer in the world, with over 4,227 stores in the United States alone and 3,210 stores internationally. Sam Walton opened up the first Wal-Mart store in 1962 in Rogers, Arkansas little did he know how that was the start of a now; one of the largest worldwide enterprises. Wal-Mart; the largest retailer in the world, is a publically traded company. Wal-Mart has a very detailed ethical responsibility to their stakeholders, to ensure that their business practices are ethical and in compliance with the financial and legal requirements of each of the countries that Wal-Mart operates in. Ethics and Compliance Wal-Mart is one of the worlds leading companies financially, they have been widely recognized for many of there contribution (giving back to community), donations, foundations, military support, hunger relief, and world disaster relief programs. Wal-mart has also been recognized for working to reduce energy use and green house emissions buy continuing to transition to renewable energy and their goal is to one day only use energy that is derived from renewable resources. Wal-Mart has also joined with Humana, a health care insurance company...
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...Ethics and Compliance Sarah jane FIN 370 July 17, 2010 Michael Joe Ethics and Compliance Paper Ethics and compliance play a significant role in an organizations financial environment. The ethical and compliance standards set in a company lay the foundation of how a company will do business with internal and external customers. Walt Disney Company is a well-known name around the world. A big company like Walt Disney set procedures that will ensure ethical behavior, and follow rules and, regulations that are set for them. PriceWaterHouseCoopers LLP is a public accounting firm that confirmed that Walt Disney Company’s financial statements were fairly done and proved that Walt Disney’s internal control was effective on financial reports (The Walt Disney Company, 2012). According to "U.S. Department of The Treasury" (n.d.), “The U.S. financial markets consist of many separate markets for diverse products offered on a range of trading platforms and exchanges.uyuyuhyuhuhuukhkuh” Taking out a loan for a car or home automatically makes a person part of a financial market. There are three principal groups of players that interact; they are borrowers, savers (investors), and financial institutions. Borrowers are those who need money to finance their purchases, such as businesses that need money tjhujhijikhnjhjhumjhjh o make investments, or individuals who need money to purchase a car. Savers (investors), are those who have money to devote, these individuals save money...
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...Ethics and Compliance Paper for Disney Corporation Team A FIN 370 July 13, 2011 Steven Russell Ethics and Compliance Paper for Disney Corporation The role of ethics and compliance that Disney Corporation commits to in accordance to their financial standards promotes conducting their business with the highest standards of business ethics, rules, laws, and regulations, which Disney Corporation has adopted Code of business conduct and Ethics for Directors Code. Directors have guidelines that consist of four basic guidelines such as, representing the interest of shareholders of the Walt Disney Company, display commitment, high standards of integrity, and independence of judgment, devote time, and energy to guarantee the diligent performance of his or her responsibilities, and complying with every condition of this code. Another major responsibility that Disney Corporation commits to is integrity in the company’s financial statements; compliance with all legal and regulatory requirements; qualifications and independence of the Company’s independent auditors; and performance of the company’s internal audit function (The Walt Disney Company, 2009). The Disney Company will review with management all financial reporting issues, which includes analyses of any effects of alternative GAAP methods on the financial statements. Disney Company’s internal control has an effective system that promotes the reliability of financial and operating information, which complies with applicable...
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...| Financial Terms and Roles | Individual Assignment | | FIN/370 | May 7, 2012 Kristopher Karazassis | | Financial Terms and Roles Finance is concerned with how individuals, such as managers, lenders, businesses, firms, investors, and borrowers allocate money over a specified period. This paper lists the definitions and roles of financial and accounting terms provided in the course design. The terminology that follows explains and interprets the concepts and elements relevant to the first week’s objectives and topics in Finance 370. Emphasis is placed on types of securities, markets, finance, equity, liability, ratios, and assets. Finance is the study of how people and businesses evaluate investments and raise capital to fund them. The key role of finance is the management of cash flow in deciding on investments, how to fund them, how to allocate money for day-to-day operations over time, and the interpretation of financial concepts, which is the central focus of finance. Efficient Market is a market price unbiased of the investments true mean value. The fact that...
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...` Ethics and Compliance and paper FIN/370 June 4, 2012 Introduction Barnes & Noble the internet’s largest bookstore is a wholly owned subsidiary of Barnes & Noble, Inc., a publicly traded company listed on the NYSE under the symbol "BKS." Barnes & Noble.com leverages the power of the Barnes & Noble brand to offer online customers the Web's premier destination for books, eBooks, magazines, toys & games, music, DVD and Blu-ray, video games, and related products and services” (Barnes & Noble’s, 2012). In this paper Team C will study the ethics and compliance of Barnes & Noble’s. After we obtain the company’s annual report and SEC filings for the past two years Team C will focus on the following: study the data provided in the report and address the ethical issues by reviewing the role of ethics and compliance in Barnes & Noble’s financial environment, explain the companies procedures that are in place to ensure ethical behavior is specified, give an explanation on financial markets and how it works in the United States, pinpoint the processes that the company uses to abide by SEC regulations, evaluate the organizations financial performance for the past two years will be displayed by using financial ratios for each year, and provide a discussion of the two year trend for each ratio and the finding of the organization’s financial health will be provided. Ethics and Compliance at Barnes and Noble Barnes and Noble is a successful organization...
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...Ethics and Compliance David Livingston, Raul Lopez, Robert Morrison, Tyler Norwood FIN/370 Finance for Business University of Phoenix May 7, 2011 Joe Brennan Ethics and Compliance Even though there are federal rules and regulations governing work place behavior, what if there were no boundaries for ethics and compliance, would Amazon continue to follow the same procedures set by the federal laws to ensure ethical behavior within the work place. How does Amazon differ from other organizations when it comes to ethical behavior? One way is because Amazon adheres to a strict conflict of interest policy regarding customers, employees, and Amazon follows strict policies on record keeping and financial integrity. Team C will depict Amazon’s policy and procedures for ethical and SEC compliance, explain the function of monetary markets in the United States, and assess Amazon’s monetary performance for the previous two years by means of financial ratios. Team C will explain Amazon’s financial health in reference to the debt, return of equity, and daily receivable ratios. As part of their code of business conduct and ethics policies, Amazon established basic guiding principles to help steer their employees to do what is ethically and morally right to reassure their investors that they are doing what is right for the investors and the public. Of course Amazon must be in compliance with the governing (a) laws, (b) rules and (c) regulations set forth by local and federal governments...
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...Ethics and Compliance Paper of Microsoft Vincent Borja, Bonnie Broughton, Carrie Holland, Bonejean Jordan, Kat Kegley FIN/370 June 17, 2013 Beth Gannouni Introduction – Carrie In this paper Microsoft’s filings for the SEC and their annual reports will be analyzed. It will show the role of ethics and compliance in the financial environment of Microsoft, and describe what procedures Microsoft has in place to ensure that their actions are done with ethical behavior. It will also show what processes Microsoft used to insure they are in compliance with the regulations of the SEC. It also shows an evaluation of Microsoft’s financial performance for the past two years, the trend of each ratio, and what the financial health is for Microsoft. Role of ethics and compliance of Microsoft’s financial environment - Kat Microsoft is an organization that handles issues of technology through the production of computing products, which are useful for many organizations. The financial environment of Microsoft plays an enormous role in determining and analyzing the future status of the company. In this case, compliance committee within the organization helps in meeting set rules and objectives set by the company. Ever since the formation of Microsoft by Bill Gates, financial environment has been sustainable (Biegelman & Biegelman, 2010). This means that all people who work within the organization work hard to ensure that goals are achieved rather than working in order to be paid...
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