Accounting fraud is crucial to any company. It can cause a company’s downfall or closure. For the past five years, there have been several companies that were involved in accounting scandal and one of them is Groupon Inc. The said company connects the merchant and the customer to provide goods and services at a discount (Securities and Exchange Commission, 2011). This paper will discuss Groupon’s accounting fraud in 2011 and 2012 and the legal and financial liabilities concerning the Fraud.
A Venturebeat news article dated November 3, 2012 noted various accounting fraud applied in Groupon’s financial statement. ...
Transparency Term Papers Samples For Students
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Successful planning, construction, and completion of a large scale project like the one undertaken for completing the One World Trade Center is not easy since it requires a strategic focus on the construction plans in a realistic manner. Project leaders need to give external reviewers an opportunity to have an outside view of the whole project and suggest ways that can ensure completion within the stipulated time while avoiding deviations from the initial budget. The delays experienced during the construction of the Freedom Tower create the impression of how ineffective functional operations can lead to major changes in designs ...
Introduction
China as a republic is a communist state having gained power in 1949. China, which is the most populated country across the world have had very strong systems of governments both as the central government level and at the local government level. This can be traced back from the leadership of the very first leader of the communist state, Tse Tung Mao who in his own capacity publicized the role of local governments i.e. he recognized the role that the local governments played in collecting taxes and at the same time using to invest to the public. However, when he died, China, ...
Introduction
Failure to regulate the derivatives market during President Bill Clinton’s and President Bush eras contributed to the economic crisis that hit the U.S in the year 2008. “The Warning” is a documentary that was aired on PBS Frontline in 2009.In the documentary, a former Chairperson of the Commodity Futures Trading Commission (CFTC), Mr. Brooksley Born talks of her attempts to control the derivatives market while she was at the helm of the CFTC. She says that these attempts failed and legislation was passed to prevent her and the CFTC from regulating the derivatives markets. The passing of this ...
Lack of women in the tourism industry is a critical issue that has to be affecting Saudi Arabia because as we know they can be a pillar to this sector as it has been identified by several pieces of research conducted. It is similarly an ethical issue that has to be negatively impacting on the economy of the country, and it should be dealt with in an appropriate manner in order to ensure increment of revenue collected from the sector. Ethics is associated with tourism and hospitality in various ways that are critical in the modern world. It provides ...
The US Subprime mortgage crisis was a banking and financial emergency situation that led to a recession not only in the US but spread to many parts of the world. The disastrous effects of a crisis in the domestic subprime market on the rest of the world beg questions about the interconnectability and interdependence of the international economy as well as the financial institutions. The international financial crisis also revealed how vulnerable the global financial system was. Not only did the subprime crisis have a direct effect on global markets and countries that held a huge number of US mortgage backed securities and were ...
Canada Election and Political Party Finances
The much publicized scandal involving Sir John Macdonald the prime minister and the promoters of the Pacific Railway led to the enactment of dominion Election Act (DEA) of 1874. The two parties allegedly gave campaign contribution to Federal Conservative Party so that they may gain favors from the government. The passage and subsequent implementation of DEA shaped Canadian politics as it contains both the requirement one has to fulfill to be appointed a political official and reporting of campaign expense clause (Johnston 214). This was a step to what Canadian politics is today. This Act became subject of amendment whenever a crisis ...
Civic engagement in the public information tax bill 1041 in Colorado
Abstract
This paper considers civic engagement issues in the public information tax bill 1041 proposed by senator Kefalas and his colleagues in Colorado. Civic engagement ensures public engagement through open ongoing dialogues which ensures transparency and mutual trustworthy relationships. It requires community engagement in discussions of relevant issues and policy proposals so as to ensure the public opinions, ideas and decisions need be factored into account before taking actions. Civic engagement in the formulation of tax bills ensures a strong sense of responsibility which avoids opposition from the public and empowers citizens and state as agents of positive change. If ...
Statement
Since social enterprises are a business form on its own, there should be a code of corporate governance specifically to govern social enterprises.
My stand: I disagree with the statement
Introduction
In every corporation, quality management is essential to ensure that all the activities are well carried out and the involved parties, which include; stakeholders, employees, directors and the managers enjoy being associated with the company. All activities in an organization should run according to the corporate laws whereby the organization holds the accountability and responsibility towards its stakeholders as it conducts its businesses in an ethical manner. All organizations whether large, medium sized or small, possess a ...
Background of the Case
In 2007, Peoples Company acquired a large manufacturing plant from Lexington, Inc. The new manufacturing plant was run by one of Peoples' subsidiary companies, Choice Manufacturing LLC. They built upon the acquired management team, diversified the client base and made significant investments in the plan. Choice Manufacturing LLC has consistently exceeded expectations for Peoples Company. Since acquiring the new plant from Lexington, they have been able to attract new non-Lexington types of manufacturing. They also considered taking the company public. Choice Manufacturing was the premier business until they ran into a cash flow crisis two and a half years later. They sought ...
I. Management Summary
The FM General Hospital aims to develop its growth marketing strategy, and the purpose of this plan is to present a market penetration strategy to address the health care trends projected over the course of the following five years. Specifically, it is expected that outpatient care and sub-acute care (i.e., home health) will be the most important trends in health care delivery and marketing in the future. It is also expected that targeting millennials with different sources of educational health materials, including websites and print materials, will be required to improve relationships between those groups of ...
U.S. Position in the Post-cold War ERA
U.S. Position in the Post-cold War ERA
The post-cold war saw the rise and growth of the Western liberalism and capitalism. The fall of the great communist powers gave the opportunity for capitalism to thrive in the world. The era of cold war was a struggle for power, where international political economy the struggle for power and wealth was witnessed and is still present to date. The struggle for power is what creates chances for conflict in the world, “the changes in the distribution of power between states increase the chance of ...
Introduction
The year 2007-08 brought nightmares for the US economy and its participants because least anyone had expected that the world’s biggest economy will cripple and face the worst ever recession after the Great Depression of 1929-1930. While Wall Street lost more than trillion dollars in value, thousands of Americans were left unemployed and the businesses, even the one who had more than 100 years of their presence in the United States, were filing for bankruptcy. On the other hand, Federal Reserve Bank, which once cited economic bubble as the natural event that cannot be prevented( courtesy the ideology ...
The post-cold war saw the rise and growth of the Western liberalism and capitalism. The fall of the great communist powers gave the opportunity for capitalism to thrive in the world. The era of cold war was a struggle for power, where international political economy the struggle for power and wealth was witnessed and is still present to date. The struggle for power is what creates chances for conflict in the world, “the changes in the distribution of power between states increase the chance of conflict in the international system (Gilpin 1918).” The power shift from dominance by the ...
Introduction
The transnational corporation (TNC) has been described both as a primary hindrance to growth and a driving force of development. It is viewed both as a main catalyst of underdevelopment through an extensive depletion and transfer of resources to highly developed economies and as a powerful entity able to transform the productive mechanisms in the economically impoverished parts of the globe. Broadly speaking, as defined by the United Nations (UN), the word 'transnational' means “that the activities of the corporation or enterprise involve more than one nation” (Sagafi-Nejad & Dunning 2008, p. 3). Some scholars argued that the definition have ...
Human Resources
Human Resources
Introduction
The police field is an important element in the society. The police have distinct duties including maintaining order in the society and promoting security for the people. As such, the police field is an area of close interaction with various types of people. Many regions and governments in the world have well-established police departments to deal with the issues of security in those given regions. Therefore, in order for these police departments to be successful, they realize that there is a need for the establishment of human resource departments within those police departments. Human resources are essential aspects ...
Corruption
The definition of corruption is the misuse of public power for private profits. We can see this occurrence in large firms or enterprises. We can also see this in most of the activities regulated by the government. To speak more about corruption, it is scanning off money for their own profits. We can see these conditions where organisation don’t work properly because of which normal people have to money for their problems to be solved. Corruption stages will differ among a country side for various sorts. For example, there can also be minoroutstanding corruption during a country with a comparatively clean ...
Introduction
General Electric Corporation is regarded as one of the most successful corporations in the world today. Importantly, it appears as one of the Fortune 500 companies. One of the factors that has contributed towards the success of the corporation is its leaders. This paper aims at critically examining leadership in General Electric, its purpose, characteristics and significance in enhancing the competitiveness of General Electric. In addition, it will examine the strategies that have been put in place by the leaders of General Electric. It will also examine the role of leadership in promoting competitiveness and future leadership in the ...
Abstract
Most Canadian companies operating overseas are constantly ignoring the issue of human rights of the communities in host countries. This is because of the absence of legislation that regulates the activities of subsidiaries of Canadian mining companies in host countries. The companies should include in their financial reports these societal costs to promote transparency.
Human Rights Issues
Corporate social responsibility reporting is key to establishing a good reputation of a company. Most Canadian companies operating overseas are constantly ignoring the issue of human rights of the communities in host countries. The companies infringe on human rights by allowing the following ...
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Introduction
Loss prevention stands as a strong issue in studies pertaining to security maintenance. It is important to prevent problems involving the disappearance of important articles ranging from computer data to cargo contents to ensure proper transportation of private information. As an added insurance of securing exchange of articles in data and cargo formats, loss prevention is a crucial arena that requires constant improvements. Yet, to help identify the needed improvements, it is important to focus on a particular issue on loss prevention – the involvement of well-meaning factors as intrusions.
This study aims to identify ...
PART 3 - Eportfolio for Future Librarian
A SUMMARY OF WHAT WAS REFLECTED AND LEARNT IN THE 7 WORKSHOPS FOR INN634
Introduction
Workshop 1: 8th March - The Reflective Practitioner
A reflective practitioner is a person who regularly reflect the work they have done and its progress and looks for a way of improving it to a better standard. MIT(LIS- library and information science) gives you an opportunity to be a reflective practitioner. The eportfolio provided a cohesive and reflective space that enabled me to reflect and understand different ways of operating in my studies. The QUT ePortfolio system enables keeping of a portable record of work for ...
Human resource management operation entails the identification and classification of the differences between human resource policies, procedures and business goals Human resources policies address a critical issue with the organization operation while procedures guide employee on how to execute the policies. All these must be presented as statements or organizational guiding rules. Effective policies and procedures ensure compliance with legislation, support fairness, transparency and consistent treatment of employees and ensure implementation of best practices based on training, effort, new technology and compensation (Harden et.al, 2006). They also protect employees and the company from the pressures of expediency and assist in ...
Law
A credit card agreement is a legal contract between a bank or financial institution that issues the credit card and the consumer who uses the credit card. On the one hand the banks want “freedom of contract,” while on the other hand the consumer wants transparency from the banks and the right to negotiate terms. (Talking, 2009, thecitizens.blogspot.gr) From the banks point of view consumers have the option to accept or to not accept the terms of the agreement. This is true because consumers can theoretically choose to never use credit cards. But from the consumers’ point of view there is ...