Radio Shack Accounting Scandal
Assignment
Content
1. Introduction Page 1~3
2. The corporate scandal Page 4~5
3. The scandal methodology Page 6~7
4. The firm hide their accounting scandal Page 8~9
5. The scandal effected Page 9~10
6. How the scandal has affected Page10~12 the accounting profession Page
7. Summary Page 12
8. Recommendations in the future Page 13~14
9. References Page 15
Introduction
The company was started as Radio Shack in 1921 by two brothers. They are Theodore and Milton Deutschmann who wanted …show more content…
In the United States, Radio Shack is the second largest IT retailer after BestBuy. Radio Shack retail average area of only 250 square meters, but the number of its direct sales stores in the United States, only reached 4675.
In addition, Radio Shack in the United States there are 1475 mobile phone sales shop. In Radio Shack 2010 annual sales revenue of $4.473 billion, mobile phone sales accounted for about 50%. It is particularly surprising that the Radio Shack profit margins in the highly competitive field of IT retail actually as high as 10%.
The Radio Shack Company’s ambition is to become the most admired companies in the United States, their use of APO business model. The Radio Shack Corporation APO business model for the company’s business, laid the foundation for future expansion. In this mode, the Radio Shack set up 3 strategic business units. These are interpersonal contact, geographical links and articles …show more content…
A week later, the company’s future leadership and command senior is still in pending status. Preciously, Edmondson publish a reported of the fourth quarter, where revenue fell 62%. He also announced a plan is to turn off about 10% shops, there are as many as seven thousand, an effort to improve is out dated low-margin product mix.
For Roberts and his board of directors, Edmondson is well-known elite who can prove to have to work side by side and Robert over the company’s operations more efficient and more efficient to promote the marketing, with administrative skills high quality figures. Radio shack refused to play in the selection process of Roberts’s and comment on whether he retained the position of the board of directors.
Looking back, the Board had the opportunity to consider their own decisions based on the same clues or implied, to consider the Edmondson’s character and make judgments based on driving accident, and there is the potential depth study if he has the CEO comprehensive qualification. He had stated to the Board of Directors plot his arrest that day, Edmondson said the Star-Telegram, “I had to face the board of directors”, and said “Hey, look you know. I am your elected CEO. I became CEO two weeks. Guess how going children, I had some great news to tell you, I do not feel these things the glorious, ok?” for which I feel
Content
1. Introduction Page 1~3
2. The corporate scandal Page 4~5
3. The scandal methodology Page 6~7
4. The firm hide their accounting scandal Page 8~9
5. The scandal effected Page 9~10
6. How the scandal has affected Page10~12 the accounting profession Page
7. Summary Page 12
8. Recommendations in the future Page 13~14
9. References Page 15
Introduction
The company was started as Radio Shack in 1921 by two brothers. They are Theodore and Milton Deutschmann who wanted …show more content…
In the United States, Radio Shack is the second largest IT retailer after BestBuy. Radio Shack retail average area of only 250 square meters, but the number of its direct sales stores in the United States, only reached 4675.
In addition, Radio Shack in the United States there are 1475 mobile phone sales shop. In Radio Shack 2010 annual sales revenue of $4.473 billion, mobile phone sales accounted for about 50%. It is particularly surprising that the Radio Shack profit margins in the highly competitive field of IT retail actually as high as 10%.
The Radio Shack Company’s ambition is to become the most admired companies in the United States, their use of APO business model. The Radio Shack Corporation APO business model for the company’s business, laid the foundation for future expansion. In this mode, the Radio Shack set up 3 strategic business units. These are interpersonal contact, geographical links and articles …show more content…
A week later, the company’s future leadership and command senior is still in pending status. Preciously, Edmondson publish a reported of the fourth quarter, where revenue fell 62%. He also announced a plan is to turn off about 10% shops, there are as many as seven thousand, an effort to improve is out dated low-margin product mix.
For Roberts and his board of directors, Edmondson is well-known elite who can prove to have to work side by side and Robert over the company’s operations more efficient and more efficient to promote the marketing, with administrative skills high quality figures. Radio shack refused to play in the selection process of Roberts’s and comment on whether he retained the position of the board of directors.
Looking back, the Board had the opportunity to consider their own decisions based on the same clues or implied, to consider the Edmondson’s character and make judgments based on driving accident, and there is the potential depth study if he has the CEO comprehensive qualification. He had stated to the Board of Directors plot his arrest that day, Edmondson said the Star-Telegram, “I had to face the board of directors”, and said “Hey, look you know. I am your elected CEO. I became CEO two weeks. Guess how going children, I had some great news to tell you, I do not feel these things the glorious, ok?” for which I feel