ACC 4291 – Integrated Case Study Case Analysis Report on Living by Numbers – Value Creation or Profit? The summary This case basically explains about the dilemma that faced by Hafiz Hashim who is the CFO of MarineCorp Sdn Bhd (MarineCorp). This company was incorporated in 1992 and was a subsidiary of SURIA. MarineCorp has two wholly subsidiaries which are Green Port Sdn Bhd (GreenPort) and Sungai Emas Port Sdn Bhd. Its main operation was the maritime solutions providers for the SURIA group of
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Lafleur Trading Company Lafleur Trading Company was founded in 1975 and has been supplying fine foods and wines to countries all over the world (Apollo Group‚ 2009). The founders of Lafleur Trading Company believe their products meet the needs of consumers for their lifestyle‚ health‚ and ethics. Company leaders offer only products that have passed Canada’s strictest guidelines for organic products (Apollo Group‚ 2009). The Lafleur Trading Company teams members stand by their company ethics‚ believe
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Budgeting system: The CEO introduced a formal annual budgeting process. The main target of this budgeting system was to determine the net profit targets for the year. The net profit target is the company’s revenue minus the controllable expenses. These targets were for the company’s departments and should help with decentralization of the company. The budgeting process was ment to be bottom-up. This means that the managers of the departments could prepare the budgets and the CEO and CFO then reviewed these
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"Underlying Causes" Please respond to the following: Analyze at least three underlying causes for the creation of the Sarbanes-Oxley Act. Next‚ rank the causes that you have analyzed from the most important to the least important to the creation of the Act. Explain your rationale. In the later part of 1990s‚ there was an epidemic of accounting scandals which arose with the disclosure of financials transgressions by trusted corporate executives. The misdeeds involved misusing or misdirecting
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tata steel tata steel tata steel tata steel tata steel tata steel tata steel tata steel tata steel tata steel tata steel TATA STEEL Rajeev Upadhyay PGDIM18 Sec C Roll No 182 TATA STEEL Diversity enriches any large organisation and enhances its collective capabilities. A clear‚ shared vision is a key requisite for successful diversity management. Vision
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Internal Controls in Accounting for publicly traded companies. Regulations and Guidelines for the President‚ CEO‚ and CFO. 10/05/2012 By: Accounting 504 Table of Contents I. Introduction II. Rules‚ Regulations‚ and Guidelines III. Advice to LBJ Company IV. Conclusion This document is intended to serve as an informational piece regarding steps and procedures that would need to be followed for the purposes of bringing a privately held company into regulations
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of vans that go through the wash. 2. a) In the Fine Company‚ the CEO must invest in 30% more shares than the CFO. The shares sell for $10.20 each and the total value of the shares owned by the two of them is $132 549. Find the number of shares owned by the CEO. b) The Fine Company’s total profit for the year was $300 000. Determine the P/E ratio (price to earnings ratio) for Fine Company‚ assuming that the CEO and CFO together own 5% of the number of stocks in the company. (Remember that
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between a company’s CEO and CFO with the auditors of the company the person who audits a company does not report to their firm they report to a board of directors for the company. Having this act in place not only arises so many areas of conflict that a supervisor can only supervise a certain client for five years in an auditing company. This means after five years of a customer they need to be moved. Hooper C. (2010 July 9). This act to certify that a company’s CEO and CFO are putting their
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TABLE OF CONTENTS 1.0 INTRODUCTION 2 2.0 Role of internal control 2 2.1 Management: 2 2.2 Board of Directors: 3 2.3 Auditors: 3 2.4 Staff and junior managers 4 3.0 NEW RULES OF INTERNAL CONTROL 4 4.0 THE GOOD AND THE BAD 10 5.0 RECOMMENDATIONS 12 6.0 REFERENCES 14 1.0 INTRODUCTION Internal control is defined as a process affected by an organization ’s structure‚ work and authority flows‚ people and management information systems‚ designed to help the organization
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functions are decentralized‚ and the operating management does not sign off the reported results‚ they are reviewed by the CFO and CEO before being released. The needs to be changed‚ the reports should be signed off by the operating management because they are closer to the operations of the company. They have the knowledge and the expertise of that part of the company‚ the CFO and CEO are at the top they may not be able to understand what the numbers on the reports mean.
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