Fin 370 Ethics and Compliance Paper Free Essays

Ethics and Compliance FIN/370 Dec/14/2011 Ethics and Compliance â€Å"The mission of the Walt Disney Company is to be one of the world’s leading producers and providers of entertainment and information. Using our portfolio of brands to differentiate our content, services and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world† (According to  Ã¢â‚¬Å"Walt Disney Company Mission Statement†Ã‚  (2011) Walt Disney began as a cartoon studio in the 1920s more than eight decades later is become a global corporation, and premier provider of quality family entertainment across America and around the world. What is the secret of the Walt Disney success? What are the rules and standard that make Walt Disney one of the biggest corporations in the world? Team C is going to discuss in this presentation the role of ethics compliance, the procedures and ethical behavior, the processes that the company uses to comply with the SEC regulations, and assess the financial performance of Walt Disney Company. We will write a custom essay sample on Fin 370 Ethics and Compliance Paper or any similar topic only for you Order Now Disney’s Ethics Since the beginning of the Walt Disney Company, ethics and compliance were very important for the entire organization and the Walt Disney Company of today the business standards and ethics are well written, and outlined in great detail. One of the reasons that the ethics and compliance standards were implemented is to ensure that the financial health of the company is not compromised by the misused of proprietary information to gain wealth illegally by the employees and the Board of Directors. All employees, managers and Directors are responsible for the financial health of the company and the best interest of the stockholders. Walt Disney Company used internal audits to ensure that all documentation and reports are accurate and also that all financial statements are in compliance with the general accounting practices. Each individual shall report and record all information, and complete Company document, accurately and honestly. These include, for example, time cards, reimbursable business expense requests, invoices, payroll records, safety records, business records and performance evaluations. † According to  Ã¢â‚¬Å"The Walt Disney Company†Ã‚  (2011) Walt Disney Company has taken steps to ensure the ethical behavior in the organization, honesty is emphasized in the 2011 employee handbook, employee and upper management is accountable for all documentation are accurate. Evaluation of Disclosure control and procedures is a division of Walt Disney Company created to ensure that all employees, management, and Directors are following the ethical behavior established by the company and all financial reports files within the time mandated the General Accounting Practices. SEC Regulations The U. S. Securities and Exchange Commission (SEC) is in place to ensure that people who invest in publicly traded companies are protected, and that an efficient market is maintained in a fair and orderly fashion. The SEC has put in place several laws and rules to ensure that all investors have access to certain financial information before they buy stock in a company. This information is to remain public and readily available as long as the company is publicly traded. This means that the companies that are publicly traded must disclose this financial and other related information to anyone who requests it. Most companies have it posted online on their company website. These rules and laws ensure that investors are making informed decisions both before they buy stock and the entire time they are owners of company stock. Every year, the SEC finds companies who are in violation of the rules they have in place. Some companies will neglect their duty to post their annual financial data, or they may manipulate the data that they post. These violations can be viewed as insider trading, account fraud, or purposefully misleading company shareholders. Those companies who are found guilty of these types of offenses face serious fines against the company, and may include jail time for the people who manipulated the data. Disney is a publicly traded company, and as such, is expected to follow the rules and regulations set forth by the SEC. To comply with the regulations, Disney has made available all of the required annual financial statements on their company website. This website is separate from their storefront and theme park websites, and is dedicated to providing information about the Disney Corporation. This information includes the history of the company, investor relations, news releases, career information and job listings, and all of the required financial documents for investors. This way, any existing or potential investors can readily find information about the Disney Company that can be useful when trying to make sound decisions regarding buying or selling shares of Disney stock. Disney’s Financial Performance | | | The Walt Disney Company has several different operations: media networks, parks and resorts, studio entertainment, customer products and interactive media (Disney,  2010). Based upon Disney’s 2009 and 2010 financial statements, we have calculated these key ratios: Key ratios:| 2010| 2009| Current ratio| 1. 11| 13. 31| Debt ratio| 0. 90| 0. 08| Average collection period| 55. 46| 49. 01| Return on equity| 0. 11| 0. 10| Disney’s revenues increased on 2010 compared to 2009. The overall liquidity of the company was better on 2009. On 2010 Disney acquired a bigger debt because of the current financial crisis. They took a bigger risk by doing this, but the risk turned into a positive outcome. Their collection period extended more in 2010, but this allow them to generate more businesses as suppose they would have kept a more extract payment regiment. Disney managed its resources efficiently, making a bigger profit on 2010 than they did on the previous year. Between all of their operations, some more popular than others, they could produce a higher profit margin on 2010. They also focused on the new trends such as technology, and product globalization, to stay competitive and profitable. Disney has adapted to the economy changes and taken risks in order to keep up with the competition and to maintain the business growth. 2009 was more stable and secure in every aspect, but the risk taken was necessary to increase the company’s profit. Conclusion The Disney Corporation is a company that has been publically traded for many years, and has grown to be one of the largest companies that is publically raded. The company strives to follow the regulations set forth by the SEC so that stockholders in the company can easily make sound decisions regarding their shares of stock. For 56 consecutive years, Disney has been able to pay dividends to their shareholders, even through the most recent financial recession. Most recently, the annually pa id dividend increased by 50% for the 2011 fiscal year. (Disney, 2011) Over the last couple of years, the company has shown steady growth, and could be considered a wise investment for someone interested in buying shares of stock. References The Walt Disney Company,  (2010). Retrieved from http://corporate. disney. go. com/investors/annual_reports. html The Walt Disney Company,  (2011). Retrieved from http://corporate. disney. go. com/corporate/complete_history. html The Walt Disney Company,  (2011). Retrieved from http://corporate. disney. go. com/news/corporate/2011/2011_1201_board_increases_annual_dividend. html Walt Disney Company Mission Statement,  (2011),  Retrieved from http://retailindustry. about. com/od/retailbestpractices/ig/Company-Mission-Statements/Walt-Disney-Mission-Statement. htm How to cite Fin 370 Ethics and Compliance Paper, Papers

Issues in Human Capital and Its Measurement

Question: Discuss about the Issues in Human Capital and Its Measurement. Answer: Introduction A nations culture influences and modifies all the aspects of life which consequently counts in accounting. Culture and the issues associated with it have a significant influence on the judgments of an accountant while interpreting or applying their accounting skills in the field. Culture has the capacity to permeate the values and attitudes within a human mind, and therefore is able to govern the aspects of human behavior, affecting accounting choice behaviors. Cultural values influence and restrain the application and enforcement of accounting standards. It can also determine the choices of behavior and techniques that accountants adopt in discharging their duties. Cultural values influence the way auditors execute audit assignments. Instead of sacrificing the quality to be delivered by an accountant it is important for the adoption of favorable IFRS/Global Reporting Standard by the AASB. Implications of this issue include transparency, conservativeness in measuring accounting value s, and secrecy in disclosure (Nurunnabi 2015). Accounting systems are at the same time affected by the background where different entities function and by the organizational culture present in each business unit. Apart from the standards and different accounting policies applicable in different countries, everything else is supposed to be the same; however, that is not the case. The accounting standards and rules written as practices are implemented differently across different cultures because of the different ways in which businesses develop. Business relationships, on the other hand are built differently due to the both internal and external factors that vary from country to country. Since laws across different countries vary according to the political and economic climate, the development of accounting standards and accounting practices is extremely shaped and directed by the culture in which it is practiced (Tartaraj and Hoxha 2014). A competence based approach towards the accounting profession would help the professionals meet the relevant knowledge and capabilities expected from them in their profession. It is important for every accounting to be able to enunciate and elucidate the requirements of the profession. Competitiveness would be a good tactic to sustain valuable and high-performing employees at their high always. Additionally, a strategic performance reward system would help accounting professionals with motivation and grow profits for the organization. Defined desired performance objectives in terms of actionable items and tangible goals from the managements side would drive an accountants performance and satisfaction level. Moreover, accounting tools and software like Xero, QuickBooks and Sage One would help them further (Ward 2012). The benefits and values of accounting tools and techniques are huge, and comes with assured effectiveness. It is the responsibility of accountants in an organization to take part in the monitoring and designing of polices, and auditors deal with providing assurance about the implementation of supply chain standards. Proficient accountants going about as auditors are probably going to find that it is useful to survey the application and consequences of the engagement procedure, without essentially getting to be straightforwardly included in such discussion. It is their responsibility to maintain benchmarking via reliable and relevant data (Ng, Leung and Lo 2017). References Ng, A.W., Leung, T.C. and Lo, J.M., 2017. Developing Sustainability Competence for Future Professional Accountants: The Integrative Role of an Undergraduate Program. InHandbook of Theory and Practice of Sustainable Development in Higher Education(pp. 119-136). Springer International Publishing. Nurunnabi, M., 2015. The impact of cultural factors on the implementation of global accounting standards (IFRS) in a developing country.Advances in Accounting,31(1), pp.136-149. Tartaraj, A. and Hoxha, E., 2014. Culture, an important factor in determining the accounting system.Interdisciplinary Journal of Research and Development,1(1pp), pp.31-36. Ward, K., 2012.Strategic management accounting. Routledge.

Lab Report on Respiratory Physiology Essay Example

Lab Report on Respiratory Physiology Paper Timer (with a second hand) Glass Urinary and Salivary pH (litmus) paper Drinking straw Procedures: 1. Measure 2 ounces of water in a glass. Obtain the pH of the water in the glass. Record the water pH prior to experiment. Have the subject blow air through the straw into the water and keep blowing into the water for 2 minutes inhaling between exhalations. The subject should be breath as normal as possible while doing this activity. Measure and record the pH of the water in the glass. 3. Empty the water from the glass and refill it with fresh water. Have the subject do vigorous exercise for 5 minutes. 4. Immediately after exercise have the subject blow into the water for 2 minutes (inhaling between exhalations). Measure and record the pH of the water in the glass. 5. Empty the water from the glass and refill it with fresh water. Have the subject rest for 5 minutes. 6. Have the subject blow in the water for 2 minutes (inhaling between exhalations). Measure and record the pH of the water in the glass. Analysis and Data: 1. The pH of the water measured is close to a 7 on the pH scale. 2. After the subject blew air into the straw, the pH of the water was about 5 on the pH scale at first, but then turned neutral again. The subject did vigorous exercise for 5 minutes. 4. The pH of the water after the subject was exercising was about 6-7. 5. After refilling a new glass of water, the pH of the fresh water was about 6. We will write a custom essay sample on Lab Report on Respiratory Physiology specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Lab Report on Respiratory Physiology specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Lab Report on Respiratory Physiology specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Private School Scandals and Controversies

Private School Scandals and Controversies   Every school, public or private, has had its share of unpleasant news. With many private schools and boarding schools having histories that span hundreds of years, its highly likely that in some fashion, each school has some skeletons in its closets. Public schools have scandals, too, but private schools tend to be the focus of the media because of their independent status and tuition rates. What kind of scandals happen at schools? Everything from bullying and hazing to sexual misconduct and embezzlement scandals. Each school will handle the scandals in their own way, but the goal is to protect the victims, the other students, and faculty at the school, and the schools reputation.   The most recent headlines have involved sex abuse scandals at private schools, and with many of these institutions dating back hundreds of years, very few have squeaky clean pasts.  Many of these scandals that hit the media are the result of past actions being brought to light years later, in some cases decades later. The schools that handle these cases the best are those that provide support for their students and alumni and work to ensure that their campuses today are safe and supportive for students.  Background checks, particularly for staff and faculty, are common practice in most schools today. Even the best schools are sometimes met with controversy. Its the way a school deals with these crises that is the best measure of its competence. The best ones recognize how important it is to deal with bad news promptly. They know that the Internet, including social media, and cell phones will spread rumors as quickly as you can text your classmates. They also know that members of the media are lurking just waiting for some juicy morsel about an elite school to surface, so they can fan the flames of indignation and mock self-righteousness. Scandals are not limited to private schools, though, and can be found at schools of all kinds, including public schools and even top colleges and universities. The safety of students is the utmost concern of school officials, and most schools take swift and serious action when transgressions are discovered. Heres a brief look at some incidents which have occurred in private schools over the years. June 2017:  The Boston Globe  reported on Phillips Exeter Academy and its protests by students because of the lack of response to accusations of racially insensitive comments by faculty.  May 2017:  New York Post published an article about a student at Kent School in Connecticut, who alleged abuse by her French teacher, who she claimed seduced and abused her repeatedly.April 2017:  USA Today reported on the investigations into Choate Rosemary Hall and its four-decade long history of abuse involving more than a dozen teachers.  March 2017:  Ã¢â‚¬â€¹Philips Exeter uncovered instances of sexual misconduct from five former faculty members.June 2016: Top Administrators Fired at William Kochs Elite Private School:  According to the  New York Times, Billionaire William Koch fired the head of school at Oxbridge Academy and declined to renew the contracts of the athletic director and the football coach. The moves came after a sexual harassment complaint and an internal inves tigation into accusations of kickbacks, grade-changing, excessive spending and violations of the rules governing high school sports. May 20​16:  Boston Globe Releases Article, Private Schools, Painful Secrets:  This article focuses on sexual abuse at private schools in New England. Including Fessenden, Deerfield, St. Georges, Taft, Exeter, Thayer, and Concord.May 2016:  New York Time Reports on Sex Abuse at Private Schools:  Focuses on private schools in New England, including St. Georges, Taft, Exeter, Thayer, and Concord.  January 2016/October 2016:  In January, Connecticut newspapers reported on an  evacuation  of a dormitory at Cheshire Academy, a boarding school in Connecticut, after gasoline was found on campus. No one was hurt and students were allowed to re-enter the dorm that same night. In October, however,  reports from local papers revealed  that two juvenile boys were arrested for attempting to manufacture bombs in the woods near the main campus.  Headmaster Scandals:  This article from  Town Country  outlines five private school scandals involving heads of schools. From murder and mysterious finances to drugs and abuse, these ordeals read like a script from Hollywood.   Parents Sue Conserve School Trustees:  Read Conserve School Changes From 4 Year High School to 1 Semester Model to understand how the economic downturn of 2009 has wreaked havoc on one private schools endowment to the point where the trustees are changing the schools business model. The parents of current four-year high school students were not happy with that decision and have sued the trustees.Five Hockey Team Members Expelled from Milton Academy:  Milton Academy rocked by expulsions  is a Boston.com story detailing how five members of the Milton Academy hockey team were expelled for receiving oral sex from a 15-year-old sophomore girl.Parents Sue Miss Porters School Over Expulsion:  At a Prep School, the Gloves Are Off  details what happened when a prestigious Connecticut girls school expelled a senior student.School for Scandal:  Groton was rocked by accusations of sexual abuse and hazing in a  2002 story reported on ABCNEWS.Rector of St. Pauls School Retires:  Th e Rector of St. Pauls School, Concord, New Hampshire,  retired  after an outcry regarding what many alumni considered to be  excessive expenditures  on renovations to the Rectors housing as well as a lavish compensation package for himself and his assistant.  In the fall of 2004 St. Pauls also had to deal with a  drowning  and a hazing incident in addition to all the controversy over excessive spending and the investigation by the New Hampshire attorney general. Sex Scandal Hits Selwyn House:  I wrote  about  this story  in May 2008. This incident hit home as this Montreal boys school occupies the building which was Westmount Senior High School when I attended it in 1960-61.Counterfeit Currency Scheme Uncovered at Lower Canada College:  It seems that internet gambling debts forced some LCC students to print money to cover their balance.Academy X:  Horace Mann teacher Andrew Trees was fired for his fictional account of life in a private school,  Academy X.Death of Student at The Hill School:   Suicide scatters grief and guilt in every direction. Nowhere is this more apparent than in the close-knit world which is a boarding school  community.  The headmaster and staff dealt with this very sad incident with compassion and sensitivity.Upper Canada College Teacher Found Guilty of Sex Charges:  It was a sad day for UCC when former master Doug Brown was found guilty of sexually abusing 18 former students. One of those students released a memoir article in 2013 that appeared on the  Toronto Life site. Incoming Students at The Landon School Caught in Embarrassing Activities: Incoming Landon boys apparently were creating  a list of girls  they knew in a bizarre sort of draft selection process. Naturally the girls parents were upset.    Article edited by  Stacy Jagodowski

Blog about Public Relations Essay Example | Topics and Well Written Essays - 500 words

Blog about Public Relations - Essay Example This is what ethics commands. But take for instance one would like to get votes from people and yet his score card is very low. He or she might resort to propaganda as a PR tool. He will boast of projects he or she did not initiate and in the end people might trust him. The politicians might also say false information about their opponents in order to gain political mileage. Though unethical it might lower the PR of the opponent. Governments may also resort to unethical means in order to maintain their PR. They may promise things they know they cannot fulfill. For example, the government may promise to employ all its citizens in the period of about three years when it well knows this is not possible. This would be propaganda which is unethical but it really works in most cases. Ethics means doing the right thing. Every government or organizations needs to employ ethics in its undertakings in order to raise their public relations. Public relation is how an individual, organization, or government is perceived by others. It is a communication tool. Some individuals, organizations have resorted to propaganda in order to raise their public relations but this discussion argues otherwise (Moloney, 2006). It is important to give the right information in order to raise your public relations. Let us for example take a business organization. The business may try to give false information about their products in order to realize higher sales. This might work at the start but as people realize they might shun away from such a business. This will lower the public image of such an organization. It is just important to do everything ethically in the business and this will help raise your business PR (Campbell and Scaife, 1998). Governments must also do the right things in order to raise their PR. A government may fool its citizens once, twice but not forever. Once the people

TQM IMPELEMENTION Essay Example | Topics and Well Written Essays - 750 words

TQM IMPELEMENTION - Essay Example The leaders rely on the assumption that punishment and reward modes are the most effective motivators at a work place. They actively engage in rewarding hardworking workers in a given organization without understanding the need of engaging in such activity (Edwards, 1994). Severe punishment measures introduced at the work place, for instance, in a given organization to curb the act of laziness, therefore, ensuring almost equal output in the organization. Such an assumption positively boasts the general outcome of the organization without the leader’s knowledge of it. The leaders engage in optimizing every process area in an organization, which leads to the optimization of the entire organization with time thus ensuring growth and stability in an organization. The managers or leaders, further, engage in the assumption that better results achieved by setting specific objectives within the organization. The set objectives within an organization foster stiff competition among work ers at the workplace to ensure the set objectives attained thus brings positive success in the organization. ... Further, competition as an assumption steps in because it is a necessary aspect in the day to day life. Managers who fail to accept that competition in a given organization cannot be avoided fail to effectively manage their organizations to the required standards. With this in place, the managers require a theory to act as a guide in order to realize the importance of quality management, as stated in the above assumptions, for the success of their organizations in the future market place. According to Edwards Deming theory of profound management, called the system of profound knowledge, the theory explores the current style of management undergoing revolution. It further explores the system of profound knowledge, which provides a map of theory to understand in details the organization we work for. The theory relates to the above discussion because it focuses on the transformation of an individual in a given organization in order to continuously teach other people, to become a good li stener, and help people to pull away from their current beliefs and practices. The Edwards Deming theory of system of profound knowledge directed to the leaders or managers in a given organization basing on the assumptions provided (Edwards, 1994). The profound knowledge appeals to managers or leaders appearing in four parts, such as in psychology, variation knowledge, system appreciation, and theory of knowledge practice. A manager needs to fully understand the four parts of the profound knowledge in order to fully apply in the process of transforming from the present Western management style to that of optimization. The four parts of the profound knowledge cannot be separated thus should work hand in hand for

Googles dilemma Case Study Example | Topics and Well Written Essays - 500 words

Googles dilemma - Case Study Example When Larry Paige and Sergie Brian hit upon the idea in 1998, the concept of search engine was still vague. Thus, Google’s success lies in tapping the search engine space and as it grew exponentially; it had to evolve into some kind of structured organization if it had to maintain its astounding growth rate. Summary of the situation: The tile of the case about the â€Å"dilemma† faced by Google is how to motivate and energize its young staff while maintaining a semblance of formalized structures. The key is to incubate new ideas in an organization while having some sort of bureaucratic structures in place to sustain its growth. SWOT The strength of Google is innovation and the workforce that prides itself on being â€Å"geeky† but resents formalized structures. Google derives its main strength from the way in which employees use their spare time to sound off on potential ideas that can be the â€Å"next big thing†. The weakness of Google lies in the way in which it is grappling with establishing formal governance structures. This is a classic dilemma faced by many technology companies: How to grow without making the workforce feel that are part of an â€Å"impersonal† and â€Å"mechanical† organization. Google’s opportunity is the ever growing web applications market that has seen it grow at an annualized rate of around 30% over the last few years. The vitality and creativity of the workforce is another area of opportunity. Finally, the threat to Google is two-fold: potential start-ups like cuil.com that were started by ex-Google employees and can eat into its search engi ne market. Second, the rising headcount that now stands at over 6,000 can make it a victim of its own success. Recommendations: it is recommended that Google’s management team inculcate a spirit of structure and formalized communication channels instead of the â€Å"college† atmosphere that