Small Business Idea Melissa Baird Accounting ACC/561 June 4, 2012 Michael Gaspar The receipt of the small business funds would provide an opportunity to open a soup kitchen to feed homeless and low income individuals. The business would be a sole proprietorship because of the simplicity, and because the success or failure of the business is solely contingent on the owner’s actions not those of partner’s or shareholders. In addition, a sole proprietorship
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function in a large corporation. 4. Explain why maximizing the current value of the firm’s stock price is the appropriate goal for management. 5. Discuss how agency conflicts affect the goal of maximizing stockholder wealth. 6. Explain why ethics is an appropriate topic in the study of corporate finance. I. Chapter Outline 1.1 The Role of the Financial Manager A. It’s All about Cash Flows • The financial manager is responsible for making decisions that are in the best
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Corporate Compliance Plan Paper University of Phoenix LAW/531: Business Law Group: DB12MBA01 Joseph Balistocky, JD, MFCC April 17, 2012 Workshop 6 Riordan Corporate Compliance Plan Riordan Manufacturing is a $1 billion Fortune 100 organization with approximately 550 employees specializing in plastic patient design with operations in the United States and China that realized $46 million in revenue last year. Due to concerns originating out of the company’s
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way. When I was a kid, I didn’t know what a deterrent was, but I sure knew that the possibility of a whipping was reason enough not to lose my mind. What deters people working in the business and financial worlds from committing fraud? The Sarbanes-Oxley Act of 2002 perhaps? Fear of prosecution? One would hope so, but it is certain that the answer is more complex than that. In fact, it could be argued that the answer is nothing deters people from committing fraud because fraud is still happening
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social responsibility influences a company. Through the related CSR problems in Baring bank and trying to find what matters that the organization lack of. In addition to know more about how CSR effect the global business environment, depends on the Sarbanes-Oxley Act, the report talk about the five acts can possibly prevented Leeson to destroy the company. And also discuss why the SOX act is not effective which lead to the Madoff investment scandal and could not prevent the 2008-2009 financial melt down
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CH. 1: Introduction To Financial Statements Forms of business organization. Ethics In Financial Reporting United states regulators and lawmakers were very concerned that the economy would suffer if investors lost confidence in corporate accounting because of unethical financial reporting. * Recent financial scandals include: Eron, Worldcom, HealthSouth, AIG, and others. * Congress passed Sarbanes- Oxley Act of 2002 (SOX) * The Public Company Accounting Reform and Investor Protection
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Corporate Compliance Plan Law/531 July 23, 2012 Company Overview Riordan Manufacturing, a subsidiary of Riordan Industries, is an international corporation with hundreds of employees worldwide with $1billion in annual revenues, making it a Fortune 1000 business. Riordan Manufacturing is a leader in international business for its production and manufacturing of plastic and polymer injection molds. Some of their current customers and clients include the department of defense, the aircraft
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organizational culture appear to conflict with its ethical policies? The company’s ethical policies include integrity and confidentiality and the organizational culture is one of disrespect and lacks the values of the company’s ethics policy. Sarah called the ethics hotline to report other salespeople making promises and guarantees that weren’t going to be fulfilled and she asked that her name remain confidential. Management was using reward power to get salespeople to increase their sales. ““Carrot
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Running head: Ethics in accounting Ethics as an Accountant The main objective of this proposal is to gain insight into the unethical accounting practices of major corporations (with a majority of the focus on Enron, WorldCom, Tyco, and Adelphia) and ultimately exposing the true perpetrators behind these scandals (the CEO's) in an effort to restore credibility in the once revered accounting profession. Many of the people responsible of these crimes are enjoying retirement in lavish homes
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Prof. Craig Ethics Issues Paper Businesses are the foundation of today’s economy, and good ethical practices are vital for their success. Therefore, if a company’s base is blemished by practices that are immoral, the economy as a whole can be devastated. This paper will define business ethics and address ethical issues such as environmental liability, bribery, and distortion of facts that could affect my community. Business Ethics Defined “Business ethics can be defined
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