MANAGERIAL COMPENSATION BASED ON ORGANIZATIONAL PERFORMANCE: EVIDENCES IN VIET NAM BANKING SECTOR ABSTRACT Viet Nam banking sector was emerging rapidly after had joined WTO at the end of 2006 and performance contingent compensation is a widely accepted means for rewarding managers‚ but there is no empirical test of its effectiveness in Viet Nam banking sectors. Does managerial compensation to organizational performance lead to higher organizational performance? It appears to be a truism that
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Contingent liabilities are possible future liabilities that will only become certain on the occurrence of some future events. A contingent liability is less certain than a provision‚ the latter is expected to recognize; however‚ a contingent liability might occur. An entity shall not recognize a contingent liability; nevertheless‚ the company should disclose it‚ as required by paragraph 86‚ unless the possibility of an outflow of resources embodying economic benefits is remote. Where an entity
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to have the contingent workers available when needed? Solution: Since the contingent workers work to help core employees of a company to finish their work on a temporary basis‚ hence they are considered as independent workers. To ensure their availability the employer might follow the following‚ • If employers want to hire qualified contingent workers on time‚ then the employers need to make sure that they are offering a very good compensation to the workers. Because the contingent workers would
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Contingent Liability 1. Analyze why a company would prefer not to disclose its contingent liabilities. In order to understand why a company would or would not disclose his contingent liabilities it is important to know exactly what a contingent liability is. As I have learned throughout all of my accounting studies a liability is simply an obligation or debt that a business owes to an individual or an organization. Now there are many liabilities that include services‚ payroll‚ notes‚ and
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| | |Strategic Pay Plans | | | |Lecture Outline | | | |Strategic Overview |In Brief: This chapter covers the basics of compensation.| | |Determining Pay Rates
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observed in the workplace. Read the Application Case 11-1‚ “Customizing Bonus Pay Plans‚” on pages 348-352 of the textbook. Answer the three (3) discussion questions on page 352. Why is it important to include operating employees (non-managers)
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because the salary being paid based on the job task rather than pay the salary based on gender. When the salary structure being fair‚ it leads satisfaction among the employees and as a result the turnover will be at low rate. Besides‚ the company also can control their financial operation by doing budget allocation planning for their business operation. Moreover‚ the formal salary structure will make the employees clear on the amount pay for his or her job position. Thus‚ it can make easier to the related
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particular financial accounting standards statement sets up the foundation for reporting and accounting for loss contingencies. A contingent liability is a potential liability that might‚ or might not happen in the future. For example this could be a lawsuit‚ a product warranty‚ a possible tax assessment‚ a government investigation‚ or even an environmental contamination. A contingent liability and the associated loss are recorded as a journal entry only if the contingency meets these two criteria; A.) the
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The Story “The Oriental Contingent” by Diana Chang‚ Lisa Mallory is a major character as important as Connie Sung‚ although the story is about Connie. Her personality is exactly like that most Chinese. However she is not a genuine Chinese‚ she is a Chinese American but she never been to China. As Connie said Lisa is a person inscrutable and mysterious. At the first meet of them‚ Lisa is dressed in “one-of-a- kind kimono dress … and her hair was drawn back tightly in a braid which stood out from
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Provisions‚ Contingent Liabilities and Contingent Assets The Standard This standard distinguishes between provisions and contingent liabilities. A provision is included in the statement of financial position at the best estimate of the expenditure required to settle the obligation at the end of the reporting period. A contingent liability is not recognised in the statement of financial position. However‚ unless the possibility of an outflow of economic resources is remote‚ a contingent liability
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