RELEVANCE LOST (DISCUSSIE EN ONTWIKKELINGEN) Relevance lost is a title of the book written by Johnson and Kaplan, where they were complaining that management accounting techniques emerged centuries ago, are still used, but they no longer relevant in today’s highly competitive environment. CHAPTER 5 - CONTROLLING THE MULTI DIVISIONAL ORGANIZATION 64. What are the two major obstacles to the success of the integrated firm? 1. Complexity - or the bureaucratic paralysis caused by complexity
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INTRODUCTION Management information systems encompass a broad and complex topic. To make this topic more manageable, boundaries will be defined. First, because of the vast number of activities relating to management information systems, a total review is not possible. Those discussed here is only a partial sampling of activities, reflecting the author's viewpoint of the more common and interesting developments. Likewise where there were multiple effects in a similar area of development, only selected
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controversies that keep arises from time to time. These controversies are generally multidimensional such as violation of employees’ rights, discrimination in the job, whistle blowing and questionable activities by corporate officials. Ethics and the importance of ethical decision making have become increasingly important because of the pressure on corporate executives by shareholders, creditors and other parties affected by financial performances. It is therefore not new that a study of management companies
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Case 1: Warren Buffet a) Buffett portrays intrinsic value as “The only logical way to evaluate the relative attractiveness of investments and businesses.” (Bruner et al, 2009 p.7) It has accorded such importance because it can be used to estimate the value of the businesses ongoing operations and not the companies stock. Through the calculation of the discounted cash flows, and moreover the net present value of the forecasted performance, we can therefore figure out whether the investment holds
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bonus and take a vacation that would not be affordable without the end of the year bonus. Reward Power – A reward power is when the leader uses their ability to administer or remove something that an employee desires. This power is based on the theory that anemployee will be more prone to do something well if they are getting something for it.The marketing manager of Employee 2 employs a reward power towards their department by using a bonus that is based on their yearly performance. Legitimate
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Insurance This is a proposal to increase the effectiveness of corporate governance in the post-Enron era through the implementation of financial statement insurance. This paper gives a brief history of the purpose of financial statements as well as the importance of external auditing of financial statements. It gives examples of the corporate governance failures of companies like Enron and WorldCom. It covers how and why these failures happened and reviews the grave consequences of the failures. It also
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understand the motives and consequences of business corruption through an ethical perspective. In analysing the ethics of business corruption, this paper will focus on 3 different ethical theories; Kohlberg’s theory of cognitive moral development, Consequentialism and Deontological ethical theories. Each theory represents different standpoints and arguments in as to the motives behind business corruption. Literature Review: Transparency International, the leading anti-corruption nongovernmental
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Objective This course examines important issues in the rapidly evolving area of international financial markets. It focuses on various aspects of international portfolio management and open-economy macroeconomics, and is a natural extension to the theories and practical issues explored in Investments and/or Finance. This course is aimed at students wishing to acquire a sound understanding of the main opportunities in international investments. For example, the relevance of hedging in the management
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SEMESTER 2 2011 CPA 118 ETHICS AND GOVERNANCE CPA - ETHNIC SEMESTER 2 2011 MODULE 1 ACCOUNTING AND SOCIETY 1.05 1.05 Part A: Ineraction with society Depictions of A/cting Depiction Defeating depictions defeat Fig 1.1 new bean counter How to become professional? 3 aspects 1.06 Recruiting the best Beard(1994),Smith and Briggs(1999) and Simnik and Felton(2006) Friedman& Lyne(2001);Albrecht and Sack(2000);Coate et al.(2003) Jeacle: colourful accountant linked to corporate collapses 1.07 Moral agency
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THEORIES AND MODELS IN REGIONAL PLANNING: GOALS ACHIEVEMENT MATRIX The goals achievement matrix clearly sets out planned goals and marks them against objectives and the necessary steps / measures to achieve the goals. For example, Goal 1 could be to improve economic growth, which could have a number of policy objectives. Goals Achievement Matrix involves the following activities: (i) explicit formulation of a set of objectives (as reflected in development plans) which should be broken down
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