Essays on Firms

Bloomberg Businessweek Assignment #1

What is Behavox and how is its software in use? Behavox is a startup company that is based in London. Adylov started the company in June 2014 (Finch & Robinson, 2017). It is acknowledged for creating a compliance surveillance software that provides the financial institutions with holistic employee surveillance solutions. According to Finch & Robinson (2017), this company promises to save money for the financial corporations, which have paid out hundred millions of dollars hiring back-office workforces, accountants, and lawyers to adhere to the rules around money laundering, capitalization, and risk. Behavox’s software catalogs computer logins, bathroom breaks, phone habits, ...

Benin imports are more than it exports. The country should devise ways of increasing its exports and avoid excessive reliance on imports. The majority of its industries are young, and countries export a lot of unprocessed raw materials. The young industries cannot produce goods at low cost and compete with large firms of industrializing countries in the international market. Besides, unprocessed goods are sold at a relatively low price (International trade centre 1). The government should be more involved in the trade to ensure value addition to its exports. The government should start industries that process cotton and other ...

Background

Today, the financial industry is more regulated than any other time in the history of economic globalization. However, the lack of fundamental professional behavior, ethics, and compliance raises the important question whether the current financial sector in Australia is destined for an endemic future. The persistent fraud cases in the Australian financial industry paints an impression that behaviors are yet to change even after experiencing the global financial predicament that emanated from the US. The recent ANZ suspected interbank interest rate rigging, CBA’s CommInsure denial of compensation to legitimate claims from terminally ill patients, and the Macquarie Group ...

Economists tend to relate to the subject of research with scientific objectivity (Mankiw, 2015). They develop theories, accumulate evidence and then analyse them in an attempt to prove or disprove the theoretical concepts. The main tools of the economist (and other scientists) are theory and observation, but, in contrast to the natural sciences, in economics it is almost impossible to set up an experiment to confirm or deny a new concept. In order to somehow compensate for the absence of the possibility of carrying out laboratory experiments, economists are paying close attention to natural experiments offered by life. An ...

Introduction

Compensation and benefit system is a division of the human resource management that is aimed at making policies concerning workers’ benefits. Compensation benefits can be referred as all the benefits that employees receive and are part of the salary, and which is given to employees as a reward for their labor. Compensation benefits can be divided into three major classes. These benefits can either be direct, indirect or non-financial (Lissy, 11). In direct compensation, the company pays its employee in form of salaries, remunerations, commissions and bonuses. In indirect compensation, firms and other enterprises reward their employees in other ...

[Submission Date] This paper is written to present a short summary of an article titled “The coming debt bust” that was published on 7th May 2016 in a magazine named “The Economist.” The article presents the concrete reasons for which the Chinese economy has been facing financial troubles. Such problems may continue to rise if the prevailing financial situation (concerning debt and lending practices) in China is not controlled to an optimum level. The article presents that after the global financial and economic crisis of 2008, China’s debt level increased where the debt-to-GDP ratio increased to an alarming ...

HR and Information Technology (HRIS)

Introduction Business undertaking involves various pitfalls such as poor organizational traditions, the big squeeze, identity crisis, and organizational failure. These pitfalls continue to be inevitable in an organization until effective HR is adopted. Research has established that the creation of consistent and sustained competitive advantage is achievable through effective HR (Pouransari, Al-Karaghouli, & Dey, 2016). Human resources must be managed well for the success of an organization. Every individual working in an organization plays a contributory role in its management. Tarawneh (2012) argued that since human resources are needed in all aspects of business operations ranging from production to marketing, ...

Discuss the positives and negatives of corporate culture in the competitiveness of a firm. Relate how firms should deal with different corporate cultures in mergers and acquisitions. According to Wheelen and Hunger (2015), "corporate culture fulfills several important functions in an organization. It conveys a sense of identity for employees and helps generate employee commitment to something greater than them. It adds to the stability of the organization as a social system and serves as a frame of reference for employees to use to make sense of organizational activities as well as a guide for appropriate behavior." One of ...

Impact of Frivolous law

Impact of a frivolous lawsuit Abstract Frivolous lawsuits are lawsuits that have little or no chance of being won due to lack of merit. In law, a frivolous lawsuit is one that is presented when the party had a reason to know that the defense or the claim was futile. Frivolous litigations may be as a consequence of legal theories that bare absurd, additional suits or a repetition of motions. A claim or defense may be referred to as frivolous because it lacks justification or due to the fact that it was not [resented with an argument that can ...

Introduction

The paper compares the financial performance of Abcam and Novozymes for the FY 2015. The company (Abcam) spends a lot of cash on research and development. Therefore, it provides easy access to products, high development on the platform of e-commerce. The sales of Abcam increased significantly between FY 2015 and 2016. That is it almost made 90% of sales in other currencies such as the Japanese Yen, and Euro. The change in these foreign currencies during the recession period is favorable for the firm. Moreover, revenues of the product increased by over 15% on the reported basis during FY ...

Introduction

The beer industry in the United States is a multi-billion venture estimated to generate about $137 billion dollars annually. Besides, it is estimated that the United States consumes about 7.3billion gallons of alcoholic products annually. Nonetheless, the potential of growth in the industry can be harnessed through taking advantages of the opportunities that abound in the market but also being mindful of the imminent threats that threaten stability and growth of the industry.

Opportunities

Potential for the industry to expand globally and exploit consumption in the emerging markets The U.S beer market is tough for new entrants; however, international evolution ...

One of the things that can be observed in the evolution of the society through the years, is that it cannot be denied that its behavior has become more consumeristic than ever. Nowadays, people consume many different kinds of products, regardless of whether it is a necessity or just plain leisure. In these situations, the economic activities of a country can be classified into two categories, namely the command economy system or market economy system. In the command or “planned economy” system, the government holds control of all the factors used in production, and in answering the four economic ...

Apple is a multinational company that is headquartered in the Californian State of the United States of America. The company mainly develops, sells and designs the major apple consumer electronics. The company also develops consumer hardware and software. Among her hardware products include; iPad tablets, iPhone smart phones, iPod media player (portable) introduced in the year 2001, Apple smart watches, Mac personal computers, Apple digital televisions and Mac personal computers. The company has also increased its online services that suite productivity and creativity. Subsequently, the apples consumers’ software’s have been developed to meet customers’ needs and satisfaction. This ...

Abstract

In response to the stiff competition being experienced in virtually all industries, one of the strategies that organizations can execute to boost their competitive advantage is promoting diversity in the workplace. This paper examines some of the ways firms can ensure equal employment as required by the relevant federal government agencies discussed in, “Providing Equal Employment Opportunity and Safe Workplace,” which is the third chapter of the book, Fundamentals of Human Resources Management, by Noe, Hollenbeck, Gerhart, and Wright (2013). It also relates the issues addressed in the chapter to the article, “Workplace Diversity: A Social-Ecological Framework and Policy ...

Business Level and Corporate Level Strategies

Introduction The industry that the following research will be based on is the telecommunications industry with the company of interest being Apple Inc. The industry has culminated in massive developments of technology such as in mobile devices and enhancement of communication on the global platform. Apple Inc. has been a leading innovator of various electronic gadgets, software, and even operating systems. It commenced its operations in 1976 and has its headquarters in California. It is in this regard, therefore, that the following article will conduct research about Apple Inc. It will analyze both its business and corporate level strategies, ...

Capstone Project [Phase]

Computer and Information Science Sharjah Higher Colleges of Technology Literature Review Introduction The project aims to create a website for a restaurant that is yet to incorporate online applications into its functional operations. It is imperative for the restaurant to have a website for allowing customers to see all the foods and drinks on offer without necessarily going to the stores and also for allowing them to pay for their orders on online platforms using their credit cards. Additional advantages the ability to view pricing of varied items alongside the delivery times and pictures of the varied food items ...

MANAGEMENT ACCOUNTING

Management Accounting Introduction Setting the annual budget has been one of the mandatory activities in organizations at both tactical and operational levels. The annual budget outlines the projected revenues and costs for the firm in the coming year or the finite time period. Such budget is set to clarify the organizational direction to pursue by identifying the target revenues and variable costs associated with the business operations. It served as a successful budgeting process for several years, but today’s highly dynamic and continuously changing business landscape has made this system obsolete. In the 21st century, the annual budgeting ...

A brief description of Rolex Company and the reasons why it has been listed among the best CSR companies in the world Rolex Company is one of the most successful firms in the world. The company is located in Switzerland with its headquarters in Geneva. It was founded in the year 1905, and the co-founders of the firm were Alfred Davis and Hans Wilsdorf (Davis & Liu, 2013). The company manufactures watches and sells the watches to all parts of the world. The company is believed to be producing an approximate of 2000 watches daily (TheRichest, 2012). The brand value ...

Introduction

The SOX (Sarbanes-Oxley) Act was enacted in 2002 by the Congress of U.S. As President Bush signed the Act, he characterized the law as the most far-reaching reformations of business practices in America business practices since the reign of Franklin Delano Roosevelt." The motive of the legislation was to protect investors and the public in general, from fraudulent practices and accounting errors in business. The bill also aimed to better the corporate disclosures' accuracy. The Security and Exchange Commission (SEC) of the U.S. is in charge of the act, publishing rules and setting compliance deadlines on requirements. The Act ...

Introduction

The Internet as one of the most important factors of globalization determines the characteristic features of the latest development. If previously in developed client-oriented economies in the face of fierce competition, the winner was the one, who better and deeply met the needs of consumers, but today these two key parameters were supplemented by the speed in all variety of its determinations. This is the ability to show ads more quickly and more prominent position than its competitors to respond to a client request faster, promptly accept and process an order, deliver faster, etc. If the user goes to ...

Introduction

Thalmic Labs is a software- and hardware-company primarily based in Canada. Its primary product is digital devices aimed for the Canadian sector. The company caters to individuals and organizations, connecting people and providing network capabilities. It has partnered with relevant companies in Canada and North America, such as Intel and Microsoft. Its main program of e-waste management is effective, which includes “cradle to “cradle,” and recycling of electronic materials and devices known as the “Buyback” program, where the company buys back used cell phones and gadgets. ThalmicLabs buys back used mobile devices from customers, no matter how aged they ...

Introduction

It is the role of every employee and the management of a firm to ensure that the firm succeeds. To make sure that a firm succeeds, there are ways through which the firm can track its performance. These ways are performance management system and the balance scorecard process. CliftonLarsonAllen is an example of a firm in the United States that uses these two methods to track its performance.

Performance Management

Performance management is the process through which all employees and their staff join hands and work together to strategize, monitor and track the performance of every employee in the firm, the ...

Activity 1

Leadership, though an important concept in modern day organizations, lacks a single acceptable definition. That is because people associate it with motivation, traits, management etc. Leadership as an idea is seen as a good quality to be aspired for. However, it can justify deficient practice also. As Spicke (2011) points out, public and private organizations differ in their approach and the concept cannot be transplanted directly to public services (p. 45). According to Goethal and Sorenson (2007), leadership has the following elements. Power in the hands of a leader who can command or direct is significant. If the follower ...

Re:

Introduction

In 2000, the Chief Executive Officer (CEO) of Qwest, Joseph Nacchio, was charged civil and criminal liabilities after it has been found that he violated the provisions of GAAP against fraud and insider trading. He was sentenced to six years in prison in 2007 and was slapped with a $19 Million fine and a forfeiture order for proven illegal stock sales transactions worth $52 Million. In this memo, the author discusses the different aspects of Qwest’s case, emphasizing the role of GAAP and the PCAOB.

The Generally Accepted Accounting Principles (GAAP) refers to a standard framework of ...

Executive summary

Drone technology has been in used for quite some time now in many western nations for military operations. More recently, this technology is being applied to manufacture inexpensive technology and in the filming technology. Unmanned systems commonly referred to as drones continue to be made available to different consumers globally for their private means. The use of drones in the film making industry has helped to improve the quality of films produced. Further, it has increased efficiency and grown the film industry as film directors are able to capture moments that were nearly impossible to obtain some few years ...

The U.S Securities and Exchange Commission refers to the United States’ agency that is tasked to enforce the securities laws, policies and guidelines, including the country’s stock and options exchange activities. It is the objective of this agency to “ protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation” (U.S, 2017). One of the main roles of the SEC is to ensure that investors who turn into the securities exchange market are protected and activities that are geared towards capital and investment formation are sustained for economic growth.

The Creation of the PCAOB

The Public Company Accounting Oversight Board (PCAOB) was ...

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INTRODUCTION

The following discussion is a literature review on five sources each for sustainability monitoring systems and effective indicators.

Sources for Characteristics of Good Monitoring Systems

“Monitoring Systems for Sustainability. What are they measuring?” This is a doctoral thesis from an Australian university that examines the sustainability reporting and monitoring systems by governments, private corporations and global non-governmental organizations. Australian frameworks are compared to those of international models. Sustainability indicators in the Australian context are discussed extensively. Two case studies from the private sector are presented. (Davidson, 2008) Using the case study of the Australian Gas Light Company, shortcomings in current sustainability reporting practices ...

Essay

Free trade agreements in the Americas are not new. There are a couple that have been around for a while namely the NAFTA between the United States, Canada and Mexico as well as the CAFTA that also includes the United States, Honduras, Nicaragua, Dominican Republic, Costa Rica and Guatemala. Of course, the FTAA, offering a free trade zone between the Americas would have spurred economic growth for both big and small countries alike. These were the reasons why governments were pushing for the FTAA to become a reality so that it would benefit one and all in the form ...

Institutions

The Fallacy of Microfinance Microfinance has been billed by many as a solution to the persistent problem of poverty. This is as result of the fact that it has been hailed to create and expand micro-enterprises and in the process improving the socio-economic situations of those that own the micro-enterprises, who generally tend to be women. However, according to Banerjee, Duflo, Glennerster, & Kinnan (2014), microfinance does not necessarily lead to people rising out of poverty. The argument held by Banerjee, Duflo, Glennerster, & Kinnan (2014) gives credence to the apprehensions some have had about the romanticized stories on microfinance. I ...

ABSTRACT

Cloud computing employs the use of parallel and highly computed processors to virtually and remotely deliver services. This is an important factor forenterprises whose processing resources are limited and who suffer limitations on the manpower and data storage. This notwithstanding, cloud computing faces a serious threat in the area of data security. This is because the attackers have become very opportunistic and look for any slight loophole that will enable them to bypass the server securities within the cloud computing environment. It is thus important to come up with a systematic approach that can help in identifying the vulnerabilities ...

Abstract

The paper reviews the two different types of government administration; capitalism and the socialism. The capitalism structure entails generation of wealth by private entities and people through investments. In this type of structure, wealth is owned by the individuals or organizations that generated the wealth. The socialism structure is almost similar to the capitalism structure. However, the significant difference is that in socialism structure, the government controls ownership of property. These two structures have differences and similarities. There are few similarities between the capitalism and socialism structures while there exists a large gap of differences between them. Socialism structure ...

The paper presents a review of the book known as “Wharton on Dynamic Competitive Strategy." The book is divided into four parts and 17 chapters. Part one addresses understanding the advantage in changing competitive environment, part two addresses anticipating competitor’s actions, part 3 addresses formulating dynamic competitive strategy and the last part addresses choosing among alternative competitive strategies. This paper reviews part one of the book that covers chapters one to nine. The review involves a critical evaluation of the chapters and presentation of personal views on over the content of each chapter. The book brings together an ...

The objective of every firm is to sell its products or services at a profit to as many customers as it can attract. However, because there are many firms selling the same or similar products and services, each one of them tries to outdo each other using various strategies. The most common strategies include manipulating prices, being innovative, and offering excellent services. As companies compete, customers derive some benefits such as lower prices, higher quality of goods, excellent services, and efficient allocation of resources. Competition is responsible for creative destruction where firms that fail to become innovative are driven ...

ABSTRACT

The businesses today have identified the need to focus more on customer and the key to retain customer is through development of customer relations. CRM or customer relationship management is based on the idea that loyal customers are profitable for the company. The loyalty has been identified by several researchers to be linked to the level of satisfaction of customers. Organizations require attracting the customers, developing relations so that satisfaction is ensured and retain customers by maintaining the relations. Due to intense rivalry and competition, businesses require focusing on building stronger customer base by promoting goodwill and providing them ...

Introduction

Customer experience management (CEM) is an important strategy that focuses on consumer perspective as it seeks to meet consumers’ wants more efficiently (Arineli & Meirelles, 2015). The primary objective of CEM is to enhance customer loyalty and restore constant interaction between clients and the firm products. The Fashion industry is diverse and has been characterized by increased competition over the recent past. This study appreciates strategies used by service firms in the fashion industry to develop customer experience management. The paper focuses on Alibaba, which is an e-commerce business with different platforms used by companies to support online shopping.

Main Body

Customer ...

Abstract 3

Introduction 3 Review of Literature 3 Research Methodology 6 Rationale 6 Objectives 7 Research Question 7 Theories: Resource Based Theory 7 Research Design 7 Procedure 7 Data Collection 8 Data Analysis 8 Reliability 8 Ethical Issues 9 Discussion 9 Conclusion 9

References 10

Abstract Information technology is a tool that has been used by many firms across the nation to bring success in their business premises. However, some organizations still operate in isolation from IT even in the modern era of advanced IT. This study aims to examine why some companies still isolate their operations from IT. Irregardless of the various ...

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Michael Porter’s Five Forces include - the threat of new entrants, threat of substitute products or services, bargaining power of buyers, bargaining power of suppliers and competitive rivalry between firms. We will apply this framework to the soft drinks industry. 1. Porter’s 5 Forces

Threat of New Entrants: Medium Pressure

The threat of new entrants is quite real for the soft drinks industry today. The consumer is becoming more health conscious. Many governments are instituting legislation to curtail the use of sugary soft drinks like Pepsi ...

Current Event Article: How Airlines Cut Cost

Every business organization faces a particular cost structure that determines its total cost. This structure embodies various types of costs that an organization incurs in its different operations. Cost minimization is one of the primary objectives of firms. Thus, organizations must critically evaluate its cost structure to ensure it is able to optimize its objectives with the existing resources. This paper will analyze the article “how airlines cut cost” published by the Economist to demonstrate how technology is effectively applied by business organizations to reduce cost (The Economist, 2015). Technology has a significant impact on the cost structure of ...

Determination and interpretation of elasticities

Demand function, QD = -3,500 – 150P + 30A + 75PX + 10 Y P = 300 cents, A = $750, PX = 200 cents and Y = $10,000 QD = -3,500 – (150 × 300) + (30 × 750) + (75 × 200) + (10 × 10,000) = -3,500 – 45,000 + 22,500 + 15,000 + 100,000 = 89,000 units

Price elasticity of demand

Price elasticity of demand = ∂QD∂P × PQD

Change in quantity demanded/change in price, ∂QD∂P is the coefficient of price, P in the demand equation.

∂QD∂P = -150 QD = 89,000 P = 300 cents PED = -150 × 30089,000 = -0.5056 The above price elasticity of demand indicates that the quantity demanded of the low-calorie, microwavable food decreases by 0.5056% for every increase in price by one cent. The elasticity is less ...

Introduction

The economic and social wellbeing of the society depends substantially on an effective and efficient performance of organisations. Management and leadership activity in the United Kingdom organisations becomes necessary, and the weakness and opportunities that exist should get addressed to realize a further advantage based on enhanced performance (Goetsch & Davis, 2014). Thus, excellent and adequate management and leadership skills are essential tools to achieve the best in organisations. The current ideas of the nature of leadership and management have evolved significantly over several decades to encompass new ideas including emotional intelligence, especially in organisation and planning (Giacalone & Rosenfield 2013). ...

Question 1

Neil Borden (1965) is believed to be the first to have used the term ‘marketing mix’ suggested to him by James Cullington’s (1948) description of a business executive as ‘a mixer of ingredient’ (Van Waterschoot & Van den Bulte, 1992). The term, therefore, referred to the selection and mixture of various elements perceived to be useful in the pursuant of particular market responses. To facilitate the practical application of the concept to concrete business operation problems, early researchers working on the model sought to itemize the various influences on a market response that business executives at the time needed ...

This report shall be a case study on change management and it shall focus on one particular company. However, rather than focus on a gleaming example of change management done right or a company that emerged stronger when it came to the practice of change management, this report shall instead focus on a company that did it too wrong and too late. Indeed, Blockbuster Video used to have a commanding share of the video rental market. However, they failed to read the proverbial tea leaves when it came to the paradigm shift to streaming and the use of kiosks ...

Analysis

A monopoly is when a single business or other organization has complete command and control over a market. It does not mean that they are the only competitor in play. However, it does mean that the single organization in question is not in any way threatened or competed with given the conditions of the market in question. Generally, monopolies are illegal. This is due to the Sherman Anti-Trust Act that was passed in 1890. That law can be used as a means to break up companies that are seen as monopolies. Precisely this was done with Standard Oil Company ...

Introduction

Industrialization refers to the sustained structural transformation of a traditional agrarian society to a modern economy driven by high productivity in manufacturing society (Szirmai, Naudé and Alcorta, 2013). Industrialization started in the mid-eighteenth century in Britain and then spread to other European countries and the USA in the nineteenth century. In the twentieth century, Japan, Singapore, Korea, China, and other East Asian Tigers became industrialized (Szirmai, Naudé and Alcorta, 2013). Gerschenkron (1962) used the term rarly industrializers to refer to countries that were first to industrilze such as Britain. He used the term late industrilizers to refer to countries ...

The significance of trade remains to be a topic of debate since its advantages are not often quantifiable by the parties involved. Therefore, this article by ED Crooks is discussing why American Corporations are sometimes against exporting. According to some beliefs, the overvalued dollar was the key reason for companies to stop engaging in exportation (Crooks, 2011). But according to some suggestions, the primary reasons why most firms in the United States are not utilizing exporting opportunities has nothing to do with an overvalued U.S dollar. Therefore, other factors are obstructing the exportation of the manufactured goods and services ...

Introduction

Schwab (2012) says that one of the pillar the improves an economies competitiveness is these is, the inevitability of a well-functioning economic system that distributes resources to high anticipated rate-of-return investments, regardless of the political standing of an individual. The economic system delivers the legal context and services required for the efficient working of a market economy. The government, in particular, plays a crucial role not only in ensuring that the resources available are allocated without bias but also in determining the right market structures for an economy. Putting forth the right market structures and even distribution of resources ...

Question 1: Jeans Inc.

Comparison and Contrast Job evaluation entails the assessment of the worthiness of a job based on personal and employment factors such as the required skills and qualifications. Various methods can be utilized to carry out job evaluation. They include ranking, factor comparison, point method, and classification (Dubey, 14). Ranking is the simplest approach whereby the administer compares different tasks to one another to assess their worthiness to the firm. Classification involves a system that evaluates and defines the authority, duties, tasks, and responsibilities of the job holder. Factor comparison, on the other hand, is a scientific technique that ranks ...

Suppliers

Suppliers are vital stakeholders of the organization that shapes the efficiency of its operation. Any organization that needs to promote its success needs to develop a good relationship with its suppliers (Krzyżanowska and Tkaczyk, 2014, pp. 157). Its intentions are to create value to its supplier who will reciprocate by delivering quality materials and products that meet the required standards. The move also involves favoring and supporting its suppliers all the times to help them achieve the company’s social compliance standards. Pacific Brands has taken measures to ensure continued supplier relationships, especially in China. It's China suppliers ...

What are the determinants of the Deadweight Loss?

Introduction The deadweight problem happens when the government through an attempt to increase their earnings from the goods in a country increases the taxation on them. It happens when they impose a certain amount of tax on certain commodities in the market and the end consumer as well as the producer in charge of the production process forced to lose the whole or part of their surplus. The loss they both suffer is the deadweight loss. The government has the right to earn some form of income from the trade activities within their borders. However, they also need to ...

Introduction

There are several reasons why the annual Burning Man festival is unique among mass gatherings. Held in the Black Rock section of America’s Great Basin desert in Nevada, Burning Man’s 70,000 participants construct a city that houses—and in itself functions as—a participatory performing arts space, a communal spiritual retreat, and a cathartic experience of radical self-expression (Brill 2007). Then, one week later, they tear it all down, pack everything out, and leave no trace behind. It is an anti-market event (Cesewski & Giles 2007) whose participants rely on gift-giving and barter to secure any necessities ...

Scientific research is categorized into basic research and applied research and development. The main objective of basic research is to advance knowledge especially in universities with its results being published in books or journals. Applied research, on the other hand, focuses on creating new products with applications in industries where new formulations are done. Applied research also involves coming up with trade patents and trade secrets. In contrast, whereas basic research is funded by the government, investors and the private sector fund applied research. In coming up with new products, activities beyond the confines of research take place including, ...

An Overview of the Standard-Setting Industry And Its History

Introduction Accounting Standards have been in existence since the beginning of the recorded history. Some of these standards were set up by rulers or reigning kings. However, as the world developed, States started coming up with bodies aimed at controlling the quality and standards of products and services in the accounting sector. In the ancient world, the man used to come up with standards with a desire of harmonizing his activities with important changes in the environment. Some standards were also set in response to a rise in needs in the society. The standard setting body in America was ...

Two distinct set of financial reports are used in managing a company, one made by Financial Accountants and the other by Managerial Accountants. These reports are aimed at the company’s external stakeholders such as investors and creditors and are prepared for each quarter and at the end of the financial year and. The format and content of these reports are laid down in laws such as the SOX (Sarbanes- Oxley) Act and in accounting regulations such as the GAAP (Generally Accepted Accounting Principles) and the IFRS (International Financial Reporting Standards). Financial reports become comparable across companies. Managerial accounting ...

Public relations involve creating a relationship between an individual or organization and the public. It includes managing the information that is exchanged between these groups. Any organization or individual needs a public relations exercise to get the goodwill of the public in issues regarding the image. A business organization, a public personality, and even non-profit organizations seek the services of public relations firms to achieve this. Different people have different views regarding public relations and the relationship between individuals and organizations and the public. Smith has noted that the business environment is filled with a lot of players (129). ...

The industry for this research will be the telecommunications sector. The industry has consistently been at the center of innovation and growth and has also culminated in the disruption of other industries. Its key elements encompass mobile devices, as well as, broadband connectivity that has also been regarded as important fabrics of the current society which is the information age. The sector has been instrumental in promoting the momentum for other notable technological trends such as video streaming and mobile payments. In this regard, the publicly traded corporation in the telecommunication industry that will be subject to this discussion ...

Background

The Chinese market is characterized by a population, which is vibrant and large enough to facilitate and ensure the growth of businesses in China. The coffee consumption market is one, which has been on an increasing trajectory in terms of increase in the number of consumers for the product. The culture of the consumption of the product was increased by the presence of Starbucks a western franchise that delivers coffee in various parts of the world, and which has been the highest force of competition for Maan Coffee franchise. However, the greatest problem affecting the business entity associated with ...

Payment methods and technologies have shifted a great deal over the years. Gone are the days where cash and check transactions make up the bulk of the give and take that occurs when people engage in commerce, travel and otherwise spend their money. Credit and debit cards have ruled the roost for a while but some new contenders are starting to emerge. The first major alternative to the conventional credit cards and other more traditional methods was PayPal (PayPal, 2017). However, smartphone-enabled technologies such as Apple Pay, Samsung Pay and Android Pay are starting to dominate the commerce and ...

Summary

The principal intention of the article is to find out the effect of state corporate income tax rate cuts on job creation. The author's conducted an experiment trying to establish whether decreasing the amounts of corporate tax helped to spur economic growth which in turn resulted in the creation of employment. The authors of the article analyzed jobs created in economies where the corporate tax was reduced and economies where the taxes remained the same. The main conclusion was that reducing the amount of corporate tax paid enabled firms to hire more workers, which in turn resulted in more ...

Introduction

Earnings or Net Income is the single most important figure in a company’s financial statement for the average investor. Even a small fall in the reported earnings can result in the loss of millions of dollars in stock value and subjects company managements to scrutiny by investors and financial analysts. Corporate executives are under therefore under pressure to meet market expectations resulting in “earnings management”. Earnings manipulations can range from minor adjustments within the law and the accounting standards to the outright fraud of showing non-existing profits (Carruth, 2011). The Sarbanes- Oxley (SOX) Act of 2002 was enacted ...

Abstract

In this document, strategic analysis of the two selected industries from the London Stock Exchange for the period January 2015 to December 2015 is presented. 530 and 570 that are Pharmaceutical and Energy Exploration Sector. The second part of this report shares analysis and interpretation of the monthly capital using descriptive analytic and trend analysis. Moreover, business forecasting is done using regression analysis. After seeing the trend lines for market capitalization of the both sectors, it can be seen that the pharmaceutical industry had relatively higher market capitalization average during the period. On the other hand, the market capitalization ...