...With the increase in employee engagement, it has proven to be a significant factor in the improvement of various organizational outcomes (Bartlomiejczuk, 2015). These positive outcomes include customer loyalty, profitability, employee productivity, and retention to instill and reinforce corporate values, while helping with retention, and advantages to positively impact financial results poses a significant asset to employees (Bartlomiejczuk, 2015). These rewards programs also boost productivity, employee engagement,profit margins, customer retention, employee retention, ROE, and ROA (Bartlomiejczuk, 2015). When an employee is happy this positivity is conveyed in the ways that they enage with customers. So, not only does a great rewards program ensure that there are satisfied employees, but this typically amounts to better service. The importance of rewards programs is vital to the idea of engaging employees with perks that will make their time with the company worth it. To ensure that they are happy is to ensure that they treat customers better. The total rewards...
Words: 1189 - Pages: 5
...that our accounting firm is independent of CA (i.e. there’s no conflict of interest) 5. Communicate with the predecessor auditor These procedures are required by the GAAS. Audit Procedure #3 Non-financial: Stealing trade secrets: the integrity of Dupuis and CA employees is called into question. Will Mr. Dupuis and CA employees answer auditor’s question honestly and faithfully? Response from the predecessor auditors: Change of auditors causes some concerns. What does it mean that CA needs a “fresh perspective”? What are some services that we can provide that the predecessor can’t? New accounting information system: The transition to the new AIS can be disruptive, how will this affect the financial statements? Employee morale: Employee moral seems to be affect by the new AIS. Inadequate training of AIS may lead to unsatisfied workers. Aggressiveness of the CFO: Rob’s new aggressiveness on the A/R and A/P policies could negatively impact the CA’s relationships with customers and suppliers. Financial: Compare CA’s performance in terms of ratios to those of the industry Trend analysis between the years for ratios, balance sheet, income statement Look specifically at the balances and ratios relate to A/R and A/P due to aggressive policies Audit Procedure #4 2003 Comments Current Ratios: 3.82 it is about 1 lower than the industry. A/R turnover: 4.36 This is about the same as the industry Average day to collect A/R: 83.72 It takes...
Words: 942 - Pages: 4
.....12 References……………………………………………………………....13 Appendix A…………………………………………………………….14 Appendix B…………………………………………………………….17 Appendix C…………………………………………………………….18 Executive summary The Coca-Cola Company is the world’s largest non-alcoholic drinks company, controlling over 21% of soft drinks off-trade RTD volumes. Along with Coca-Cola, recognized as the world's most valuable brand, the Company markets four of the world's top five non-alcoholic sparkling brands, including Diet Coke, Fanta and Sprite, and a wide range of other Soft drinks company. In this report, we are working toward expanding our sustainability reporting on topics that are most important to Company and stakeholders. We include increased our discussion of stakeholder engagement, GRI & UN compact, Issues on social and environment, CSR and Environmental Sustainability, Economic performance, Quality of Management, Sustained competitive advantage and give some recommendations to help Coca Cola company to improve more sustainability goals.to We strive to focus our reporting and our efforts on our most material issues. However, we are working toward continuously improving our data and data collection processes for our non-financial performance indicators. Our sustainability report is one way we communicate progress against our sustainability goals and key...
Words: 2739 - Pages: 11
...Individual Assignment – David Jones Limited 1. (a) DJS is a public company that issues shares to the general public and is a separate legal entity. (b) The income statement shows tax being deducted directly from company profit. The equity section show contributed equity instead of owners or partners’ equity. Also retained earnings after dividends or allocation to another equity account. 2. (a) Net assets and total equity have the same dollar value of $775,704,000. (b) Equity is the residual interest in the assets of the entity after deducting all its liabilities. 3. The finanical statements include the assets, liabilites and results of its subsidiaries incorporated in Australia. 4. The interest bearing liabilities comprises bank overdraft and unsecured bank loans. Overdraft and bank loan expiring in 15 December are reported as current liabilitis and bank loans expiring in 15 December of 2014 and 2016 respectively are reported as non-current liabilities. 5. (a)Contributed equity, reserves and retained earnings are reported under Company’s equity’s section. Contributed equity is the amount of total purchased ordinary shares. Retained earnings are the sum of profit retained in the entity after dividends payout. The share-based payment arises on the grant of share optons to employees and executives under share option plan and the cash flow hedge reserves. (b) Total equity of 775 millions in 2012 and 785 millions in 2011 are reported. (c)...
Words: 1791 - Pages: 8
...Analysis of Ethical Corporate Culture between 2013 and 2015 Group 6: Michelle Delgado Lok Sum Lydia Fung Chau Nguyen ACCT 415 Dr. James Gong 5/14/2015 Executive Summary In business, leaders, managers, and employees face conflicting incentives, messages and pressures from multiple stakeholders. Conflict of interest is said to occur when a professional’s self interest offers an incentive that mitigates his or her judgment against the best interest of the corporation or its customers. In turn, most professionals are unaware of their unethical progression because they are blindsided by internal motivation and expectations. It has been proclaimed that the most important job of the board of directors is hiring the right CEO, causing most boards to fail to notice unethical behavior in someone they do not wish or expect to find it. In fact, research suggests that it is usually difficult to report wrongdoing in an organization because most employees believe the same and fear retaliation, rejection, or disbelief from corporate leaders. Ethical principles will often offer advice for procedures and norms that can reinstate ethical concerns before unforeseen behavior damages an enterprises culture or reputation. In general, ethical systems are designed to improve the ethical behavior within an organization. To do so requires examining the interaction of many factors and forces in a working environment - which were investigated (analyzed) in this report. Executives...
Words: 6451 - Pages: 26
...Module 1 Financial Accounting for MBAs ------------------------------------------------- DISCUSSION QUESTIONS Q1-1. Organizations undertake planning activities that shape three major activities: financing, investing, and operating. Financing is the means a company uses to pay for resources. Investing refers to the buying and selling of resources necessary to carry out the organization’s plans. Operating activities are the actual carrying out of these plans. Planning is the glue that connects these activities, including the organization’s ideas, goals and strategies. Financial accounting information provides valuable input into the planning process, and, subsequently, reports on the results of plans so that corrective action can be taken, if necessary. Q1-2. An organization’s financing activities (liabilities and equity = sources of funds) pay for investing activities (assets = uses of funds). An organization’s assets cannot be more or less than its liabilities and equity combined. This means: assets = liabilities + equity. This relation is called the accounting equation (sometimes called the balance sheet equation), and it applies to all organizations at all times. Q1-3. The four main financial statements are: income statement, balance sheet, statement of stockholders’ equity, and statement of cash flows. The income statement provides information about the company’s revenues, expenses and profitability over a period of time. The balance sheet lists the...
Words: 8888 - Pages: 36
...Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, Cilt: 28, Sayı: 3, 2014 189 INVESTIGATING THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE IN TURKEY Funda ÖZÇELİK Burcu AVCI ÖZTÜRK Sevda GÜRSAKAL Abstract: This paper examined the relationship between corporate social responsibility and firm financial performance in Borsa Istanbul 100 index companies between the years 2010 and 2012. In order to test our hypothesis that the companies issuing corporate social responsibility reports have higher performance in terms of financial accounting ratios, we applied a logistic regression analysis. Corporate social responsibility was used as the dependent variable and financial performance measures, firm size, firm risk, and type of ownership as independent variables. We found that there was a significant relationship between company size and corporate social responsibility. We were not able to find any significant relationship between financial performance, risk, type of ownership and corporate social responsibility. Key Words: Corporate Social Responsibility, Sustainability Reporting, Financial Performance TÜRKİYE’DE KURUMSAL SOSYAL SORUMLULUK VE FİNANSAL PERFORMANS ARASINDAKİ İLİŞKİNİN ARAŞTIRILMASI Özet: Bu çalışmada, kurumsal sosyal sorumluluk ile finansal performans arasındaki ilişki Borsa İstanbul 100 endeksinde yeralan şirketlerin 2010-2012 yılları arasındaki verileri esas alınarak incelenmiştir. Kurumsal sosyal sorumluluk raporu...
Words: 6235 - Pages: 25
...important components in the business world (Jenkins, 2005). McWilliams and Siegel (2006) interpret CSR as ‘situations where the firm goes beyond compliance and engages in “actions that appear to further some social good, beyond the interests of the firm and that which is required by law”’. In general, CSR is believed to, in long-term, enhance business performance and boost employee morale. Also, CSR could be a tool to improve company image and to prevent crises (Weber, 2008). This essay argues that CSR has a positive relationship with a company’s performance, meaning that it brings benefits to corporate performance to a large extent. To measure one’s performance, three key aspects are considered, namely financial soundness, quality of marketing and people management. These three aspects are chosen from the criteria for Britain's Most Admired Companies 2014 (Management Today, 2014). Effects of CSR on Financial Soundness One of the most crucial criteria to determine a company’s performance is by analysing its financial soundness. Common indicators for financial performance are Return of Assets (ROA), Return on Sales (ROS) and Return of Equity (ROE) (Tsoutsoura, 2014). By using the Kinder Lydenberg Domini (KLD) rating system for the measurement of CSR, Tsoutsoura (2004) contends that the indicators mentioned have positive relationship with the KLD score. Beyond from calculations, reality also shows socially responsible practices...
Words: 1547 - Pages: 7
...1. PENDAHULUAN 1.1. Latar Belakang Masalah Di era globalisasi sekarang ini, sudah terjadi transformasi dalam lingkungan bisnis yang menuntut perusahaan untuk berkompetisi secara kompetitif untuk menjadi yang terbaik dalam lingkungan bisnis tersebut. Dalam hal ini tentu saja organisasi membutuhkan tingkat kinerja yang tinggi dan konsisten dari masing-masing karyawan dalam rangka untuk meningkatkan kinerja perusahaan dan bertahan dalam lingkungan persaingan pasar yang tinggi (Newstrom and Davis, 2002). Berbagai strategi harus dilakukan oleh perusahaan untuk memberikan kinerja lebih baik daripada pesaing agar bertahan dalam dalam lingkungan bisnis. Di Indonesia sendiri, persaingan bisnis semakin ketat dan kompetitif khususnya di sector retail. Dimana menurut Asosiasi Perusahaan Ritel Indonesia (Aprindo) dalam lima tahun terakhir dari tahun 2012 peningkatan omset ritel modern cukup pesat, hal ini juga didukung oleh pertumbuhan jumlah ritel yang pesat yaitu sebesar 7.787 retail selama 5 tahun terakhir ini, pertumbuhan bisnis ritel di Indonesia antara 10-15% per tahun. Penjualan ritel pada 2006 masih sebesar Rp 49 triliun, namun melesat hingga mencapai Rp 110 triliun pada 2012 meningkat sebesar 10%- 15%, menyusul kondisi perekonomian dan daya beli masyarakat yang relatif bagus. Bisnis ritel di tahun 2013 masih mencatat tren yang positif, namun masih kurang maksimal jika dibandingkan dengan tahun 2012 (Liputan6.com). Dari data tersebut dapat dilihat bahwa persaingan bisnis terus...
Words: 17786 - Pages: 72
...Corporate Social Responsibility, Audit Fees, and Audit Opinions Long Chen School of Management George Mason University E-mail: lchenk@gmu.edu Bin Srinidhi Department of Accountancy City University of Hong Kong E-mail: acbin@cityu.edu.hk Albert Tsang School of Accountancy The Chinese University of Hong Kong E-mail: albert.tsang@cuhk.edu.hk Wei Yu Department of Accounting and Information Management The University of Tennessee E-mail: wyu4@utk.edu March 30, 2012 We thank Zhiyan Cao, Joseph Carcello, Keith Jones, Kathryn Kadous, Roger Simnett, and seminar participants at the City University of Hong Kong, George Mason University, National University of Singapore, Singapore Management University, Sun Yat-sen Business School, 2011 Academic Conference on Social Responsibility held by the University of Washington Tacoma, and 2012 AAA Auditing Section Midyear Conference for their helpful comments. Corporate Social Responsibility, Audit Fees, and Audit Opinions Abstract Using a sample of U.S. firms from 2000-2008, we examine whether and how their Corporate Social Responsibility (CSR) affects audit fees and the audit opinions. We find that auditors charge lower fees and reduce the propensity to issue going concern qualifications to client firms with superior CSR performance, but increase them for clients with significant CSR concerns. We interpret this finding as suggesting that the auditors use CSR information as an indicator of the client’s...
Words: 23847 - Pages: 96
...Table Of Contents Brief Company Information Brief History and Company Information----------------------------------------------------------- 2 Mission and Vision Statement------------------------------------------------------------------------3 Industry and Competitive Analysis Industry Dominant Economic Features-------------------------------------------------------------4 Porter’s Five Competitive Factors-------------------------------------------------------------------4 Key Success Factors-----------------------------------------------------------------------------------6 Driving Forces------------------------------------------------------------------------------------------8 Industry Competitors-----------------------------------------------------------------------------------9 Strategic Map-------------------------------------------------------------------------------------------10 Strategic Position Hambrick Model---------------------------------------------------------------------------------------12 SWOT Analysis----------------------------------------------------------------------------------------14 Company Competitive Strategy----------------------------------------------------------------------17 Leadership and Corporation Culture-----------------------------------------------------------------19 Company Resources and Competencies-------------------------------------------------------------21 Competitive Strength Assessment-------------------...
Words: 5898 - Pages: 24
...International Journal of Hospitality Management 29 (2010) 72–82 Contents lists available at ScienceDirect International Journal of Hospitality Management journal homepage: www.elsevier.com/locate/ijhosman Impacts of positive and negative corporate social responsibility activities on company performance in the hospitality industry Kyung Ho Kang a,*, Seoki Lee b,1, Chang Huh c,2 a School of Tourism and Hospitality Management, Temple University, 1700 North Broad St., Suite 201, Philadelphia, PA 19122, United States School of Tourism and Hospitality Management, Temple University, 1700 North Broad St., Suite 201-F, Philadelphia, PA 19122, United States c College of Hospitality and Tourism Management, Niagara University, St. Vincent’s Hall, Room 304, NY 14109, United States b A R T I C L E I N F O A B S T R A C T Keywords: Corporate social responsibility Hospitality industry Financial performance In spite of growing concern for corporate social responsibility (CSR) in various industries including the hospitality industry, the relationship between CSR activities and financial performance is a rarely examined subject in the hospitality context. Especially, research measuring the separate impacts of positive and negative CSR activities on companies’ financial performances remains, as yet, unconsidered. Thus, this study examines different impacts of positive and negative CSR activities on financial performance of hotel, casino, restaurant and airline companies,...
Words: 8320 - Pages: 34
...Introduction: ADP Inc. is one of the world's largest providers of business outsourcing solutions. Leveraging more than 55 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. ADP became a public company in 1961, with an initial stock price of $3. In the next year, Brokerage Services division was developed to serve the high volume transaction needs of major stock brokerages on Wall Street. The company proceeded to offer Dealer Services to automotive dealers to handle inventory and accounting transactions. In 1974, ADP extended into the international market with an office in The Netherlands, and later in the decade added Claims Services.1 Today, ADP employs more than 42,000 associates globally providing business solutions for more than 570,000 companies of all sizes – small, mid-market and enterprise. The key to the company’s growth and stability is solid strategy. By focusing on top-notch customer service, financial reliability, and a low-margin, high-volume model, ADP has been able to stay true to its core goal: customer retention. Year after year, clients return to ADP for the handling of the routine, but distracting, tasks of payroll, benefits...
Words: 5278 - Pages: 22
...Precision Castparts has made significant contributions over the course of the company's history with their three chairmen's contributions ("Company Overview," 2011). Precision Castparts Corp. is a world-class organization relentless in their dedication to exemplary quality, low-cost and on-time production of products ensuring that each customer is satisfied and that there is continual growth in profit and overall customers. Every production facility within the company is focused continually on improvement and meeting the corporate objectives set forth. Precision Castparts Corp. adheres to high standards within the manufacturing base and all employees excel in the fast-paced, dynamic environment that the company prides itself in having. Each employee is challenged to perform to their utmost potential in spite of a demanding marketplace. Precision Castparts Corp. is committed to maintaining a safe workplace for all employees and visitors ("Company Overview," 2011). The company's strengths lie in the marketplace performance and product line. Precision Castparts Corp. is the market leader in manufacturing large, complex structural investment castings and the leading manufacturer of airfoil investment castings used in jet aircraft engines. Due to the complexity of the manufacturing process and the application of proprietary technologies, Precision Castparts Corp. is currently one of the few manufacturers...
Words: 1375 - Pages: 6
...I. SWOT ANALYSIS STRENGTHS | WEAKNESSES | * Strong broad band image provides edge over competitors * Robust financial performance strengthens investors’ confidence and provides capital for future growth avenues * Wide portfolio of offerings * Net Sales/Employee: 2010 * Liquidity Ratios – leader in Current and Quick Ratios | * Patent infringement lawsuits may affect financial condition and operating results * Profitability Ratios 2010 trailing Baidu and Microsoft in: * NPM, ROA, ROE, * Productivity Ratios 2010: * SG&A/Net Sales – trailing Baidu * COGS/Net Sales – trailing Baidu and MS | OPPORTUNITIES | THREATS | * Strategic Acquisitions to further strengthen the company’s portfolio * Rising popularity of Android to increase market share * Robust outlook for mobile advertising market provides growth opportunity * Entry into mobile payments market * Serving additional customer groups or market segments * Integrating forward or backward * Acquiring companies with attractive technological expertise or capabilitiesFurther penetration into international markets | * Intense competition may affect revenues and profitability * Slowdowns in market growth * Economy slowdown in both domestic and international markets * Board of Directors at risk for corporate conflcit * Loss of operation in China * Adverse economic conditions that threaten critical suppliers or distributors * Web spam and content farms may decrease...
Words: 4083 - Pages: 17
