...Assignment 4: Just for Feet Harold Ruttenberg, a native of South Africa, paid for his college education by working as a sales clerk in a men`s clothing store. Following his graduation, Harold Ruttenberg began importing Levi`s jeans from the United States and selling them from his car. Ruttenberg earned enough capital from selling the Levi`s jeans to open his own retail store. By the time Harold Ruttenberg reached the age of 30, he owned a small chain of men`s apparel stores. Due to mounting political and economic troubles in South Africa during the early to mid-1970s, Ruttenberg decided to move his family to the United States. Ruttenberg arrived in California in 1976 with less than $30,000 due to South Africa`s strict emigration laws, but he was nonetheless determined to become a successful retail business entrepreneur. Ruttenberg and his family eventually settled in Birmingham, Alabama in favor of a more affordable business environment. In 1988, Ruttenberg decided to begin a new business venture in the retail shoe business. At the time Ruttenberg began his new business venture the market for high priced athletic shoes was growing rapidly, and becoming a larger segment of the retail shoe industry. During this time, the principal retail outlets for the major athletic shoe manufacturers were in thousands of suburban malls across the United States. A problem with having a retail store in a suburban mall is the space is relatively small limiting a retailer’s ability to display...
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...company’s auditing firm; Deloitte & Touche, LLP, and its associates; Steven H. Barry, CPA and Karen T. Baker, CPA, were all found guilty, on some level, in the fraud of Just for Feet, Inc. Ruttenberg purposely gave the company’s accounting department false financial information causing the accountants to record over $5 million in fictitious accounts receivable. This, in turn, caused the income statement to be overstated by $5 million (Knapp, M., 2009). The company’s auditors Deloitte, Barry, and Baker included the false information in JFF’s 1998 financial reports. These false reports were prepared for public filing with the Securities and Exchange Commission, which resulted in shareholders of JFF to be defrauded. Ruttenberg, Deloitte, Barry, and Baker were brought to justice, and the company’s shareholders settled for $32.4 million in a class-action lawsuit (Knapp, M., 2009). Just for Feet Based in Birmingham, Alabama, Just for Feet (JFF) was established in 1977 and became a publicly traded company in 1994. Despite a period of slow growth in the retail industry, JFF expanded rapidly from 1994 to 1999. By 1998, the company’s exceptional revenue growth deemed it as the top-selling retailer of athletic shoes and apparel in the United States. In JFF’s 1998 financial statements, the company reported $689.4 million in assets, $774.9 million in revenue, and $26.6 million in net income (Securities and Exchange Commission v. Deloitte & Touche, LLP, 2005). However...
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...De status van XBRL/SBR binnen de rapportageketen Men kan van een business case spreken op het moment dat de kredietrapportages in XBRL kunnen ontvangen. Op dat moment zullen softwareleveranciers bezig zijn met de implementatie van XBRL binnen de softwarepakketten. De elementen uit de kredietrapportage worden gevuld met gegevens welke afkomstig zijn uit verschillende softwarepakketten, waarbij ook een gedeelte handmatig ingevuld dient te worden omdat deze gegevens niet aanwezig zijn binnen desbetreffende softwarepakketten. De Kamer van Koophandel verwacht dat het aantal XBRL-deponeringen fors zal toenemen als gevolg van het aantal softwareleveranciers die instaat zijn een XBRL-publicatiestuk te genereren en te verzenden naar de Kamers van Koophandel2. Na Caseware en Unit 4 Audition is ook Pro Management instaat om XBRL-deponeringen te Verzorgen. De Belastingdienst ontvangt steeds meer verkorte winstaangiftes vennootschapsbelasting doordat steeds meer softwareleveranciers dit ondersteunen binnen (aangifte)software en doordat het aantal intermediairs die een convenant horizontaal toezicht (meta-toezicht) afsluiten, als maar toeneemt. XBRL verschijnt steeds meer in de publiciteit. Reden hiervoor is dat steeds meer accountantskantoren praktijkervaringen op doen met XBRL. Binnen de rapportgenerator is het publicatierapport dynamisch gekoppeld aan het jaarrapport. Het opstellen van een publicatiestuk (kleine rechtspersonen) kost hiermee hooguit 20 minuten alvorens deze...
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...TAKING LEADERSHIP IN A DIGITAL ECONOMY BY TELSTRA CORPORATION LIMITED AND DELOITTE DIGITAL November 2012 deloittedigital.com.au telstra.com A NOTE FROM DAVID Consumers and businesses are rapidly embracing digital technology and this is redefining the traditional transaction model. We now have a new generation of globally connected consumers and businesses who behave very differently – and we must all adapt to these changes and take advantage of the new opportunities. By the end of the decade we will have connected just about every device to next generation networks, from smartphones and offices of the future, to educational resources and digital home appliances. The changes we are talking about are transformational. Everything, everyone and every place will be connected. This will make us more innovative and more competitive – and change the way we live and work for the better. The challenge ahead is how to best use the tremendous creativity, innovation and capability of Australians to participate in these new opportunities – whether it be m-commerce, Big Data, robotics or social media. Every part of our economy can benefit from this new era of connectivity. Our role, as Australian business leaders, is to help build a 21st century economy that is locally accessible and globally competitive. As a nation, we can lead the world and create positive change. David Thodey Chief Executive Officer Telstra 1 A NOTE FROM GIAM The world is changing. The internet has...
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...AMERICAN APPAREL REPORT ANALYSIS 13/12/2011 [->0] SUBMITTED BY: JOEL CHERIAN – SMBA 11081 American Apparel COMPANY PROFILE :- American Apparel is one of the quickest growing companies in popularity among college aged shoppers. They are a very fresh, and very liberal corporation with a young and talkative CEO- David Charney . It is seemingly the “perfect” company- set on high wages and benefits for workers, using the least environmentally damaging chemicals and processes, and offering great products at a reasonable price. American Apparel is the most passionate and innovative wholesale blank T-shirt manufacturer and distributor in the world. It is committed to leveraging art, design, and technology to produce garments of the highest quality, while pioneering industry standards of social responsibility in the workplace. The major goal is to seek profits through innovation not exploitation. American Aparel are advancing a hyper capitalist-socialist business fusion. By relentlessly pursuing efficiencies in management and production, we aim to demonstrate that the use of exploitative labor tactics is not only unnecessary...
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...COMPANY REPORT SOMMERVILLE & ASSOCIATES, P.C A common myth about nonprofit industry is that nonprofit is similar to “charitable.” This summer, I am interning with an accounting firm focused on the nonprofit industry so I had an opportunity to break the myth about the industry and see a new career direction. The company I am interning with this summer is Sommerville & Associates, P.C in Arlington, Texas. The company assists individuals and nonprofits with their tax and compliance relative needs. I. Company background: Sommervile & Associates, P.C was incorporated in 2002 under the name Ratliff & Sommerville, P.C. The firms split in 2009 into Sommerville & Associates, P.C doing tax practice and Ratliff & Associates, P.C doing financial statement practice. The firm’s operating philosophy is that highly trained professionals work directly with clients to bring immediate impact to the issues. The firm endeavors specifically to train staff to be knowledgeable in areas of our practice involving our nonprofit clientele. It is with intentional thought and intent that the firm has specifically chosen to focus our practice in this particular area in order to provide the highest level of service to the clients. The tax team prepares Forms 990 which is one of an organization’s most powerful public relations tools. Therefore, it must be prepared in a manner that has a positive impact on all other readers and users of the Form 990. Additionally, the Form 990...
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...Thomsett International : Project Pathology Page 1 of 8 Home -> Hot Articles -> Project Pathology Project Pathology Causes, patterns and symptoms of project failure You know a project is failing when you can't stop it Rob's Rough Rules of Project Management Dana Scully and Fox Mulder, the F.B.I. team in The X-Files, show the value of clinical analysis of cause and effect. While Mulder is focussed on mixing it with various aliens, shape changers, mutant worms and other wonderful creatures, Scully is often back at the base dispassionately examining the numerous bodies that turn up in each episode. It is often Scully's understanding of pathology and autopsy that provides the vital evidence in their search for the truth that is out there. A bit like Mulder and Scully, over the past 18 years, our group has reviewed over 20 major projects that were in the process of failing or had failed. These reviews were not done as an academic exercise or a controlled experiment but, they were undertaken "in the heat of the battle". Our clients wanted to know what they could do to fix the projects or what could be done to prevent other projects failing. The pathology of failed projects has aided us and our clients in understanding the major issues in computing. Home Our Company Public Workshop Schedule In-house Delivery and Consulting Workshop Descriptions Site Map Articles What our group has learnt is that there is a common set of causes for project failure, a common pattern of project...
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...An assessment of the implications for competition of a cap on auditors' liability July 2004 OFT741 1 1.1 EXECUTIVE SUMMARY This report contains the OFT's advice to Government on the implications for competition in the audit market of proposals to permit auditors to limit their liability by way of negotiated caps. The current liability position 1.2 At present auditors may not limit their liability for fault due to negligence or incompetence in audit work. Alongside regulation and reputation, liability acts as a discipline on audit quality in a context where shareholders and other third parties rely on information from an audit which is paid for by the company being audited. We are not aware of evidence suggesting that the courts in the UK have made, or are liable to make, excessive damages awards against auditors. Professional indemnity insurance is available, and LLP status – the chosen corporate form of many audit businesses – exists to protect partners' personal assets. The competition arguments 1.3 It has been argued that a cap on auditors' liability would however be procompetitive because it would lead to: • • • 1.4 a reduction in the barriers to entry and growth facing smaller audit firms the maintenance of competition between larger audit firms, including for non-audit work, and less risk of collapse of one of the Big Four. On the basis of the evidence available to us, however, none of these arguments appears compelling. First, the current liability...
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...Case Study Metro Bank Breaking the Mould but Breaking the Malaise? An assessment of whether Metro Bank, with its distinct model, can bring about a cultural revolution in the UK banking market Authors: Ben Robinson & Thomas Krommenacker As the first new entrant in the UK banking market for over 100 years, Metro Bank is generating plenty of headlines…. UK’s Metro Bank beats target on new accounts Metro Bank works magic on customers Does the first new British bank since the 1800s herald the start of new competition for your money? the established players, despite blotted copybooks, are deeply entrenched ... the barriers to entry are formidable Metro Bank a fascinating case study in what customers really want Metro Bank model backed by banking commission Metro bank opens on Sunday as battle for high street hots up Metro Bank Speeds Growth The UK’s newest bank must show a genuinely creative side beyond the promotional gimmicks dispensed at the opening of the first branch Banking revolution or the emperor’s new clothes? … a challenge to the tarnished incumbents is long overdue. But its American-style “fun” marketing may not be enough to win over jaded British account holders Metro: first bank for 100 years opens its doors. Metro Bank has promised to revolutionise the British banking experience. Temenos Case Study Contents 01 02 Executive Summary History and Background of the UK Banking Market • The Market Today • Consumer Trust...
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...The Recovery of Trust: Case studies of organisational failures and trust repair BY GRAHAM DIETZ AND NICOLE GILLESPIE Published by the Institute of Business Ethics Occasional Paper 5 Authors Dr Graham Dietz is a Senior Lecturer in Human Resource Management and Organisational Behaviour at Durham University, UK. His research focuses on trust repair after organisational failures, as well as trust-building across cultures. Together with his co-author on this report, his most recent co-edited book is Organizational Trust: A cultural perspective (Cambridge University Press). Dr Nicole Gillespie is a Senior Lecturer in Management at the University of Queensland, Australia. Her research focuses on building, repairing and measuring trust in organisations and across cultural and professional boundaries. In addition, Nicole researches in the areas of leadership, teams and employee engagement. Acknowledgements The authors would like to thank the contact persons in the featured organisations for their comments on an earlier draft of this Paper. The IBE is particularly grateful to Severn Trent and BAE Systems for their support of this project. All rights reserved. To reproduce or transmit this book in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, please obtain prior permission in writing from the publisher. The Recovery of Trust: Case studies of organisational...
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...Paper 5 The Recovery of Trust: Case studies of organisational failures and trust repair BY GRAHAM DIETZ AND NICOLE GILLESPIE Published by the Institute of Business Ethics Occasional Paper 5 Authors Dr Graham Dietz is a Senior Lecturer in Human Resource Management and Organisational Behaviour at Durham University, UK. His research focuses on trust repair after organisational failures, as well as trust-building across cultures. Together with his co-author on this report, his most recent co-edited book is Organizational Trust: A cultural perspective (Cambridge University Press). Dr Nicole Gillespie is a Senior Lecturer in Management at the University of Queensland, Australia. Her research focuses on building, repairing and measuring trust in organisations and across cultural and professional boundaries. In addition, Nicole researches in the areas of leadership, teams and employee engagement. Acknowledgements The authors would like to thank the contact persons in the featured organisations for their comments on an earlier draft of this Paper. The IBE is particularly grateful to Severn Trent and BAE Systems for their support of this project. All rights reserved. To reproduce or transmit this book in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, please obtain prior permission in writing from the publisher. The Recovery of Trust: Case studies of organisational failures...
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...The Ethical and Legal Complexity of Medical Tourism: Questions of International Justice, Economic Redistribution and Health Care Reform Professor Sarah McBride Toro Longe April 18, 2010 M.J. Thesis in Health Law Abstract This is an essay on medical tourism in the United States of America (U.S.). It includes a brief history of the U.S. health care system, examines the social, cultural, ethical, and legal issues that have affected health care changes in America. With the number of Americans going overseas to seek medical care steadily rising, the American insurance industry expanding benefits, and the Joint Commission accrediting facilities for globalization of the health care marketplace, medical tourism should become increasingly important in the health care industry. While there are many reasons for patients seeking health care outside of their own country, one that is particularly easy to overlook is the outsourcing of health care and its effect in U.S. and around the world. The purpose of this paper is to examine the concept of medical tourism, noting the specific medical tourism destinations, presenting reasons for the recent increase in medical tourism, and examining the risks and benefits, as well as wrestling with the challenging ethical and legal issues inherent in medical tourism. The paper will conclude with consideration of the role of the law in medical tourism. Introduction Over the past 100 years, the United States of America (U.S.) has changed greatly...
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...oikos Case Writing Competition 2013 Social Entrepreneurship Track 3rd Place Ziqitza Health Care Limited: Responding to Corruption N. Craig Smith and Robert J. Crawford, INSEAD This is an Online Inspection Copy. Protected under Copyright Law. Reproduction Forbidden unless Authorized. Questions relating to permission should be directed to: craig.smith@insead.edu Copyright © 2013 by the Authors. All rights reserved. This case was prepared by N. Craig Smith and Robert J. Crawford as a basis for class discussion rather than to illustrate the effective or ineffective handling of an administrative situation. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form by any means without permission. oikos case collection http://www.oikos-international.org/academic/case-collection/ oikos Case Writing Competition 2013 3rd Prize Introduction After a monthly staff meeting, a young employee approached Sweta Mangal, CEO of Ziqitza Health Care Limited (ZHL). Sanjay Rafati 1 had been hired as a financial officer the previous month, in November 2011. In view of the company’s strict ethical code, he was nervous about expressing his point of view, which was why he wanted to see Ms. Mangal in private: “The situation in one of the states where ZHL operates is getting critical. Unless the government pays what it owes us immediately, we will not be able to make payroll. We won’t be able to service...
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...PROJECT: AMERICAN APPAREL Marketing Strategy AMERICAN APPAREL Abstract American Apparel has been experiencing a declining trend since 2008. My aim is to identify the reasons why this has been, and continue, to happen. Even if the world financial crisis had an important role at the end of the day, there surely are other actual and potential threats the company has overlooked: for example, right 2 days before the beginning of the decline the CFO resigned; they didn't properly manage internal control especially regarding the financial closing; they cut the advertising budget during 2009; they have been opening stores without considering cannibalization. While trying to describe the mistakes American Apparel did during the last 6 years, an evaluation of its recovery marketing plan to put the company back on the right track will be made. Company's Strategy American Apparel (from now on APP) is a clothing manufacturing, wholesaling and retailing company headquartered in Los Angeles, founded in 1988 by Dov Charney, who is still its CEO and Chairman of the Board of Directors. During the late 80's and the 90's, when the identity of APP was being modeled, Charney was living his life between Canada, South Carolina and California and that deeply influenced the company: while driven by the initial intention to bring affordable American t-shirt to Montreal people, APP slowly developed interests in fashion to please the young in Los Angeles, yet maintaining...
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...on health 2. Literature review of the evidence i) Major chronic diseases ii) Mental health iii) Whole-life benefits of physical activity iv) Recommended levels of physical activity v) Socioeconomic disparities Part II: Evidence supporting interventions to encourage physical activity 1. The scale of the problem 2. An active environment? 3. Behaviour change 4. Selected interventions Part III: Case studies 1. Introduction 2. What makes for best practice? 3. Case studies Appendix 1: Selected literature on the health benefits of physical activity Appendix 2: Physical activity interventions Appendix 3: Evidence for the benefits of specific activities Endnotes 3 4 4 5 5 6 7 7 9 10 10 10 11 12 15 15 15 16 21 24 27 28 2 Review: The benefits of physical activity on health and well-being www.c3health.org Overview The purpose of this review is to provide a snapshot of the scientific evidence of the benefits of physical activity on health and well-being, focusing particularly on the prevention of noncommunicable diseases (NCDs – also often referred to as chronic diseases), and to present case studies of ‘what works’ in different settings and contexts. Part I provides the evidence supporting the benefits of physical activity on health and well-being and, together with detailed tables in Appendix 1, forms a literature review...
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