PR Communication Memo COM/530 April 8‚ 2013 Gina Owens-Ricks MEMO To: Gina Owens-Ricks Date: April 8‚ 2013 Re: Financial Crisis Tim Marvin‚ chief financial officer (CFO) has suddenly resigned amid rumors of inappropriate accounting practices. The U.S. Securities and Exchange Commission (SEC) is currently investigating the situation and the requested documentation is suggesting the crisis may involve revenue recognition. I have attached a press release I feel will meet the company’s requirement
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observing proper leadership styles especially when it comes to financial matters. Almost all organizations have their Chief Finance Officer (CFO). A CFO is an officer who is responsible in managing the financial risks of the entire institution. A CFO plays a leadership role in business development initiatives and their management. CEOs will not have excellent decisions without considering the advices and opinions of the Chief Finance Officers that would contribute to the success of the company. CFOs
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Corporate Governance Analysis Microsoft The CEO: Steven Anthony Ballmer has been the CEO of Microsoft since January 2000. He graduated from Detroit Country Day School‚ Michigan. He later joined Harvard University‚ where he studied Math and Economics. During that time‚ he lived down the hall from Bill Gates‚ Microsoft’s founder and Chairman of the Board. Ballmer joined Microsoft on June 11‚ 1980 as the first business manager and the 30th employee. His first salary was $50‚000 including 8% of
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and services facilities throughout the state of Florida” (Pride Enterprises‚ Inc.‚ 2013). Today Pride is announcing the resignation for Bob Thompson‚ Chief Financial Officer effective immediately. Susan Sanchez‚ Finance Director will temporarily assume the duties of the chief financial officer for Pride Enterprises until a new chief financial officer has been appointed. At this time the U.S. Securities and Exchange Commission (SEC) is investigating Pride Enterprises more will follow with the findings
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Overview). The company was founded in 1961 and is based in Gaithersburg‚ Maryland. On April 26‚ 2010‚ Ernest Theodore Solo‚ the Chief Financial Officer of Chesapeake Petroleum & Supply Inc.‚ pleaded guilty for embezzling over $2.7 million from the company. Solo had been employed with Chesapeake Petroleum & Supply Inc. since 1969‚ and became the Chief Financial Officer in 1990 (More News). According to Solo’s plea‚ from at least 2000 through 2008‚ Solo‚ “embezzled money from the company by authorizing
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change the rest of your life. Throughout my lifetime I will have to make many decisions that could possibly change the rest of my life. In the near future I would like to work for a fortune 500 Business as a Chief Financial Officer (CFO). As a CFO I am going to have to make certain financial decisions for the company‚ that could either put us in the hole‚ or up in the air on a economic scale. For example the DOW indicator for businesses has a lot to do with the CFO’s job. I will have to make minute-to
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Content Abstract ……………………………………………………………………………………… 3 Starting Out ……………………………………………………………………………….. 4 Lessons Learned ……………………………………………………………………………. 4 What to Believe ……………………………………………………………………………. 6 The Entrepreneur …………………………………………………………………………… 7 Contributions ………………………………………………………………………………… 9 Conclusion …………………………………………………………………………………… 9 References …………………………………………………………………………………… 11 Abstract In 2000 the gospel musical I Can Do Bad All
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most important decisions made by healthcare centers. The organization often determine the capacity for providing services to patient and if there is need for expansion‚ they commit the organizational cash towards that investment. The role of chief financial officers of the organization is always very important because he/her will reveal the capital investment strategies. Still‚ there is substantial variation in capital budgeting techniques‚ methods of risk adjustment‚ and the importance of qualitative
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Chap 17‚ Prob B1 A. Bixton’s objective is to achieve a credit standing that falls‚ in the words of the chief financial officer‚ “comfortably within the ‘A’ range.” What target range would you recommend for each of the three credit measures? To remain within the ’A’ range the following is recommended Fixed Charge Coverage 3.00–4.30 Funds From Operations/Total Debt 45%–65% Long-Term Debt/Capitalization 22%-32% So to be comfortably within the range A the company should try to maintain
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a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. In particular‚ specially trained accountants work with AIS to ensure the highest level of accuracy in a company’s financial transactions and recordkeeping and to make financial data easily available to those who legitimately need access to it‚ all while
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