...de forage ) leading provider of mineral exploration drilling services Sur leur site c’est écrit quils recherchent 9 Compétences chez leur employees , notamment : * Safety, working ethically with integrity, delivering Results, focusing on the Customer ( That’s when I come into play ) , Effective communication, Solutions Oriented ( Always finding new innovative techniques, ca fait parti de leur projet Champions Change ) , teamwork and diversity ( tu dois savoir coopérer ac des gens qui viennent de partout dans le monde ) , Business Acumen ( Support the goals of the company with your know how of how the business works ) Boart Longyear™ is headquartered in Salt Lake City, Utah publicly listed on the ASX (Australian Securities Exchange) in Australia. ( Ils sont quote en bourse en australie ) Regional offices and operations are located in Asia Pacific, North and South America, Europe and Africa. Boart Longyear is a trusted partner and global leader in providing world-class drilling services and products to the global mining industry. The company also services industries in water exploration, environmental sampling, energy, and oil sands exploration. ( Je trouve que c’est important que tu dises ces 4 trucs pske on risqué vraiment de te demander ca ) . Boart Longyear conducts contract drilling services in more than 40 countries, and provides mining products to customers in over 100 countries. Very focused on Innovation, leader in drilling and mining tools...
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...BHP Billiton is the world’s largest multinational mining company which specialises in the extraction of copper, iron ore, gold, petroleum, natural gas, nickel, uranium, coal and oil; it was founded in 2001 in Melbourne, when the companies BHP and Billiton merged. The business has been lately underperforming; with a revenue of 61.2 billion US dollars and a loss of 1.91 billion US dollars in 2015. However from 2010 to the 2014 financial year, BHP Billiton has been able to achieve attributable profits/ net profits of around 15 billion US dollars, which indicates that this business is mostly profitable. There is no evidence to prove that BHP Billiton sells high quality products, however according to the company’s website they state that their...
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...Management and Communication Plan Management and Communication Plan Riordan Industries, Inc. is a Fortune 1000 enterprise, according to the overview from Apollo Group in 2012. The industry will continue to be successful with strong leadership, new ideas, and necessary changes of new and improved management structures despite the challenges that may be faced. The organizational structure of the Pontiac, MI plant is set up with twenty-one executives; two-thirds are male and one-third female. All parties are made up of different cultural backgrounds. It may seem that the male counterparts of the organization are held in higher regard, but this should not be the case. The employees of the company are looking for strong leadership to help them be successful in accomplishing and exceeding their goals. The present organizational structure has been successful for the company so far. Change is necessary in order for the company to be a continued success. The only problem that may arise is that the older executives of the company may not be willing to change. The older executives must be convinced that the change is good for the benefit of the company and requires their cooperation. Once the employees see that the executives of the company are willing to make a structural change in the organization, they themselves will be willing to implement these changes. All personal assets of the company are striving for a more successful company in the future. Though the change may...
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...KYAMBOGO UNIVERSITY P.O.BOX 1 KYAMBOGO A REPORT ON THE INTERNSHIP/ PRACTICUM TRAINING CONDUCTED AT VISION GROUP (NEW VISION PRINTING AND PUBLISHING COMPANY HEAD QUARTERS), FINANCE DEPARTMENT, STORES UNIT BETWEEN 02ND OF JUNE 2014 AND 17TH OF JULY 2014. TO BE SUBMITTED TO THE SCHOOL OF MANAGEMENT AND ENTREPRENUERSHIP KYAMBOGO UNIVERSITY, DEPARTMENT OF PROCUREMENT AND MARKETING BY AMUNYO DENIS 11/U/13994/PLE/PE Email: deniskyu@gmail.com DECLARATION; 4 APPROVAL; 5 DEDICATION; 6 ACKNOWLEDGEMENT; 7 CHAPTER ONE 8 1.0 Introduction 8 1.1 Objectives of the practicum: 8 1.2 The scope of the practicum: 8 1.2.0 Content scope; 8 1.2.1 Geographical scope; 8 1.2.2 Time scope; 9 1.3 Organizational profile: 9 1.3.0 Background of the organization; 9 1.3.1 Organizational structure 11 1.3.2 Nature of the organization 13 1.3.3 Clients/stakeholders 13 CHAPTER TWO 14 2.0 Introduction: 14 2.1 The role of the procurement& disposal/store unit 14 2.2 Reporting and induction by the organization. 14 2.3 The department to which I assigned at the work place 15 2.3.0 Category of the department 15 2.3.1 Duties of the unit: 15 2.3.2 The title of the head of the stores unit; 16 2.3.3 The responsibilities that I was assigned: 17 2.3.4 Offices that I have worked with and what they do 18 2.3.5 Relationship with other officers in executing 18 2.4 The role of the site supervisor 19 2.5 The role of the university supervisor; 20 CHAPTER THREE 21...
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...TOPIC 1 ACCOUNTING FOR DECISION MAKING LECTURE 2INTRODUCTION TO THE SHARE-MARKET Introduction To Companies Role Of The Stock Exchange What Are Shares? Share Market Information In Newspapers Teaching Suggestion Show to students the Australian Securities Exchange website http://www.asx.com.au/ This link also is provided under Supplementary Resources and Links on BAO1101 WebCT. It would be helpful to demonstrate how to access the latest share price, indices and company information for the major assignment. For our lecturing staff at overseas teaching locations, please refer to your local stock exchange to show students information that is relevant to your local version of the major assignment, if your preference is to use local content. Please remind students that assignment will be on this topic and important information will be provided in this lecture. A. Introduction To Companies organization with multiple owners / shareholders “Private” company - limited number of shareholders – family / employees - Pty Ltd “Public” company - broader range of shareholders for example - Woolworths Ltd [review in Lecture 3] B. Role of Stock Exchange – Australian Securities Exchange (ASX) http://www.asx.com.au/ or http://www.bursamalaysia.com/website/bm/ (Sunway College) market place for buying and selling shares in listed companies regulations for trading, being listed and reporting – “fair and transparent" ...
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...Part 1: The Australian Accounting Environment Chapter 1 An overview of the Australian external reporting environment Review questions 1.1 Refer to pages 6 to 25 of the text. The main bodies responsible for regulating accounting disclosure in Australia are: (i) Australian Securities and Investments Commission (ASIC) Briefly, ASIC is responsible for administering corporations legislation within Australia (which includes various reporting requirements). According to its own website, the role of the ASIC is to enforce and regulate company and financial services laws to protect consumers, investors and creditors. (ii) Australian Accounting Standards Board (AASB) The role of the AASB is to develop a conceptual framework. It is also responsible for ‘making’ accounting standards that have the force of law under the corporations legislation, as well as formulating accounting standards that are to be used by reporting entities that are not governed by corporations legislation, inclusive of entities operating in the not-for-profit sector and public sector entities. The AASB is also responsible for Interpretations Advisory Panels, user focus groups and project advisory panels. As was indicated in this chapter, however, a great deal of the responsibility for developing accounting standards to be released by the AASB is in the hands of the IASB, as is the development of the conceptual framework. It is to be anticipated that only minor...
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...Introduction With the Global Financial Crisis came the search for answers as to what led to the meltdown in the United States mortgage market and ultimately the rest of the world economy. Speculation was rife that accounting standards, in particular, fair value accounting was the prime reason for this significant meltdown. “This sparked a fierce debate with some experts believing that fair value accounting was primary cause of the crisis whilst others considered that it exacerbated it. On the other side of the debate were those commentators that believed that fair value accounting was successful in acting as an early warning system and effectively prevented more calamitous consequences.” (Pabuccu, 2011) In response to this speculation, the International Accounting Standards Board (IASB) and the Australian Accounting Standards Board (AASB) immediately took action to review this matter and implement the necessary changes to address the uncertainty surrounding Fair Value accounting. Body Due to the economic significance of the crisis, financial commentators around the world analysed the situation, made comment, pointed the finger; and laid blame for this event. Due to the speculation, a ferocious debate commenced, with many of them believing that fair-value accounting was the primary cause of this event. Bubbles and Busts have occurred throughout history and are closely linked to the periods preceding a financial crisis. According to McMahon (2011), “fair-value accounting...
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...Arthur Gharakhanian Adelphia (A) ACCU-620 Brandman University Week 3, Assignment 1 November 7th, 2012 Adelphia Introduction Founded in 1952 by John Rigas, Adelphia Communications Corporation was a "family" business. John Rigas (father) was the chairman and CEO, Tim Rigas (son) served on the board and was the CFO, and Michael Rigas (son) was EVP and a board member along with James Rigas (son) (USA Today, 2004). Together they owned the majority of Adelphia's stock and occupied the majority of the seats on the board. These two components would be key in the fraud that would ensue. The personal lives of the Rigas’ would be the root cause of their need for cash and the reason behind the fraud they would commit (USA Today, 2004). The Scandal The government described it as ''one of the most extensive financial frauds ever to take place at a public company" (Sorkin, 2004). The Rigas' used company money to construct a private golf course, own several private jets, and purchase multiple several luxury homes. They were able to do this by establishing "complicated cash-management systems to spread money around to various family-owned entities and as a cover for stealing about $100 million for themselves" (AP, 2005). In order to keep investment money flowing in, they would manipulate the books to meet analyst expectations, thus inflating the stock price and at times they would mix Adelphia's funds with their own private funds. Upon realizing the amount of funds...
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...frauds, which led to the Sarbanes-Oxley Act of 2002. Previous regulations were efficient to a certain extent, but scandals still happened and more regulation seemed to always be needed. Even though the new SOX regulation seems powerful and efficient, I believe that there will always be a need for additional regulation in order to prevent future scandals. Securities Acts of 1933 and 1934 Summary of Regulation The stock market crash of 1929 resulted in the Securities Act of 1933. This act required that before a company an offer or sell securities in a public offering, they must register the securities with the Securities and Exchange Commission (SEC). The registration statement is used to notify the SEC that a sale of securities is pending and that the information needs to be disclosed to prospective buyers. This statement includes information about the issuer and its business, a description of the stock, the proposed use of the proceeds from the offering, and audited balance sheets and income statements. This registration process ensures that buyers of the security have accurate and complete information about the security before they decide to invest in it. Even though the SEC requires all of this information, they do not investigate the quality of the...
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...Oak Industries, Inc. Case – sample answer 1. Is it unethical for a company to intentionally understate its earnings? Why or why not? Yes, it is clearly unethical to intentionally understate earnings since the management makes representations that the financial statements are complete and accurate. It is obvious that intentionally understating earnings is done to allow the company to later overstate earnings by using falsified reserves to cover the inadequate current period earnings. These manipulations and misrepresentations do not allow fair comparisons of the results of operations between years. In this case the misrepresentation gave a totally false picture of the success of its subscription television systems and interfered with the ability of users to correctly analyze the financial information of the firm. These misrepresentations impaired the decision-making ability of the financial statement users and defeated the purpose of financial statements presenting a true and accurate picture of the company. 2. Should auditors be equally concerned with potential understatements and potential overstatements of a client’s revenues and expenses? Identify audit techniques that may be particularly helpful in uncovering understatements of revenues and overstatements of expenses. Auditors are required to plan and perform an audit to obtain reasonable assurance that the client’s financial statements are free of material misstatements. These misstatements...
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...REPORT OF INVESTIGATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION OFFICE OF INSPECTOR GENERAL Case No. OIG-509 Investigation of Failure of the SEC To Uncover Bernard Madoff's Ponzi Scheme Executive Summary The OIG investigation did not find evidence that any SEC personnel who worked on an SEC examination or investigation of Bernard L. Madoff Investment Securities, LLC (BMIS) had any financial or other inappropriate connection with Bernard Madoff or the Madoff family that influenced the conduct of their examination or investigatory work. The OIG also did not find that former SEC Assistant Director Eric Swanson's romantic relationship with Bernard Madoffs niece, Shana Madoff, influenced the conduct of the SEC examinations of Madoff and his firm. We also did not find that senior officials at the SEC directly attempted to influence examinations or investigations of Madoff or the Madofffirm, nor was there evidence any senior SEC official interfered with the staffs ability to perform its work. The OIG investigation did find, however, that the SEC received more than ample information in the form of detailed and substantive complaints over the years to warrant a thorough and comprehensive examination and/or investigation of Bernard Madoff and BMIS for operating a Ponzi scheme, and that despite three examinations and two investigations being conducted, a thorough and competent investigation or examination was never performed. The OIG found that between June 1992 and December...
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...than what they were he was able to roll out the red carpet of capital promises and people came running to be included at the party. Mr. Madoff was certainly an equal opportunity crook, he took advantage of everyone, and the only prerequisite was to have money. Influential people from all walks of life found themselves mesmerized by “Uncle Bernie” and invested millions of dollars, failing to remember the old adage, “if it walks like a duck, if it quacks like a duck, then it’s probably a duck!” Describe three types of illegal business behavior alleged against Mr. Madoff and for each type of behavior, explain how the behavior is illegal or unethical in the conduct of business. The first unethical and illegal behavior of Mr. Madoff is securities fraud....
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...must be signed off by the CEO and CFO of the company. Executives will be held responsible for any accounting irregularities by signing authentic documentation they are fully aware of the accounting rules and regulations and that they will be held accountable for any simple inept errors or deliberate fraud, reckless breach of fiduciary duty, blatant negligence, scheming to defraud, and so on. The SOX act has made CEO’s and CFO’s more responsible, thus, they (CEO’s and CFO’s) must certify that they have reviewed the financial statements of the company and that the statements are true to the best of their knowledge. Section 302 (management assessment of disclosure controls) requires disclosure of material information to the Securities & Exchange Commission (SEC). Section 401 (disclosures in periodic reports) of the Sarbanes Oxley Act has made it mandatory for companies to disclose their off balance sheet financial arrangements unlike previous practices in which certain leases of...
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...Securities, Commodities, and Financial Services Sales Agents Significant Points • Most positions require a bachelor’s degree in busi- • Applicants face keen competition for jobs, especially • Turnover is high for newcomers, but those who are successful have a very strong attachment to their occupation because of high earnings and considerable investment in training. in investment banks. ness, finance, accounting, or economics; a master’s degree in business or professional certification is helpful for advancement. Nature of the Work Each day, hundreds of billions of dollars change hands on the major United States securities exchanges. This money is used to invest in securities, such as stocks, bonds, or mutual funds, which are bought and sold by large institutional investors, mutual funds, pension plans, and the general public. Most securities trades are arranged through securities, commodities, and financial services sales agents, whether they are between individuals with a few hundred dollars or large institutions with hundreds of millions of dollars. The duties of sales agents vary greatly depending on their specialty. The most common type of securities sales agent is called a broker or stock broker. Stock brokers advise everyday people, or retail investors, on appropriate investments based on their needs and financial ability. Once the client and broker agree on the best investment, the broker electronically...
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...Jennifer Thell LS311: Business Law Unit 9: Assignment 2/15/2012 Merging two companies can affect the income, expenses, and the stock of the newly formed company. To ensure that the merger will not create an unfair advantage on the market the government created rules under the Securities and Exchange Commission. They regulate how and which companies can complete their mergers. The intent is to prevent companies from creating monopolies and eliminate any type of competition. For the merger between Reliant and Gasworks, registration with the SEC would be a requirement. A registration includes the securities being offered, all the properties of a company, all management details, how the proceeds of a sale are used, and any risks involved. (Miller and Jentz. 2008.) The merger is the combination of two companies where one is buying out another. Due to one of the companies being sold, the registration will be needed. Emerson has violated the rules of the SEC. He had information that was not yet released to the public about the possibility of a valuable increase in the stock. Emerson may not have intentionally release this information, but did so none the less. He could be found guilty of insider trading because of his statement. Wallace used the information of the upcoming trade that he learned of through Emerson to profit. Knowing that this information was not yet public, he is guilty of insider trading. He bought the stock based on his knowledge while it was priced low...
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