live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have there origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. Businesses have not always behaved ethically and many still do not. This unit examines what pressures there are on businesses to behave in an ethical manner
Words: 855 - Pages: 4
Assignment-1 Topic October 21, 2013 October 21, 2013 Submitted to The Banking SECTOR SUFFERS FROM DISCIPLINE DEFICIT The Banking SECTOR SUFFERS FROM DISCIPLINE DEFICIT Barrister Arife Billah LAW-200 Sec-1 Submitted by Antu Biswas 102 0044 030 Introduction The banking system of Bangladesh at independence consisted of two branch offices of the former State Bank of Pakistan and seventeen large commercial banks, two of which were controlled by Bangladeshi
Words: 2936 - Pages: 12
committee on Thursday, December 16, 2010, 91 of the world’s biggest banks — tested in an impact assessment — also have a 577 billion capital shortfall compared with the new 7 per cent headline number for equity tier one capital, a measure of financial strength. 2 It was expected that the capital target could be achieved over time from retained earnings. For the 91 banks examined by the Basel committee, the combined “tier one capital ratio” was
Words: 1769 - Pages: 8
compliance requirements and ethical leadership. The objective of this chapter is to provide some essential strategies for integrating business ethics into business courses. The authors examine the role of stakeholders, implications of the global financial crisis, and important issues in teaching business ethics, as well as providing resources to integrate business ethics successfully into a course. THE IMPORTANCE OF BUSINESS ETHICS Business courses provide an essential and dynamic foundation for students
Words: 7020 - Pages: 29
Business Part time UNIT 10: Financial Accounting and Reporting Unit Learning Outcomes 1 2 3 4 Understand the regulatory framework for financial reporting Be able to prepare financial statements from complete or incomplete records Be able to present financial information in accepted formats for publication Be able to interpret financial statements. BUSINESS SCENARIO You are a newly appointed consultant in XYZ Financial Consultant Company. You provide financial consultancy to multiple
Words: 634 - Pages: 3
B. Applications of the technology II. The historical development and context of the technology A. A brief timeline B. An analysis of environmental factors that drove the technology III. Political and legal influences A. Effects of local political
Words: 426 - Pages: 2
criminalised under the revised Criminal Code Act 1995 and was implemented in 2003. In order to monitor money laundering regulations and mandatory reporting by cash dealers The Australian Transaction Reports Analysis Centre (AUSTRAC) was appointed as the Financial Intelligence Unit that also acts as the national AML/CTF regulator. AUSTRAC is an successful FIU and operates sophisticated technologies to assist in investigating the numerous reports it receives— approximately 9 million International fund transfers
Words: 2296 - Pages: 10
A TRIBUTE TO OLIVER WILLIAMSON: Institutions, Politics, and Non-Market Strategy Rui J. P. de Figueiredo, Jr. liver Williamson is best known for his contributions to economics, and particularly to our understanding of how private firms are defined, operate, and change. Williamson’s primary application addressed the question of why some economic transactions were organized within a private firm, while others took place outside of a firm, in the market. Despite this focus, Williamson’s reach and
Words: 4569 - Pages: 19
eyes of legal authorities and in the eyes of the society * Global presence and further expansion of the global low-cost footprint * The initiative of ‘going green’ | * Strong connection with the ‘mother’ company and its previous possible bad lucks * High dependence on the limited number of suppliers * Substantial indebtedness of the whole company | Opportunities | Threats | * Increase in sales due to the increased interest in hybrid automobiles * Increasing influence of positive
Words: 1070 - Pages: 5
responsibility of the accuracy and truthfulness of financial statements directly to the executives and board members of a company or corporation 2. Increase transparency of corporate accounting and performance record reporting 3. Business reporting ethics to be emphasized with in-place steps and procedures adopted to detect and prevent any type of fraud or manipulation of stakeholders for private benefit. Traditionally, preparation of a company’s financial statements including day-to-day management
Words: 1295 - Pages: 6
