AYB 311 FINANCIAL ACCOUNTING ISSUES Semester 1 2011 Dr Amedeo Pugliese Lecture 1 AYB 311 - Dr Amedeo Pugliese Overview of AYB 311: the Teaching Team Lecturer – Amedeo Pugliese Tutors – Amedeo Pugliese – Julie Greenhalgh – Kevin Plastow – Natalee Jennings – Sharron Genrich – Tereaze Hubner AYB 311 - Dr Amedeo Pugliese Overview of AYB 311: enrolment and objectives Prerequisite: - AYB340 (formerly AYB220) Company Accounting Please notice: The unit-coordinator will not accept any
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The OECD Principles of Corporate Governance What are the Principles and what issues do they address? How to strengthen the ownership role of shareholders? How do the Principles deal with conflicts of interest? How do the Principles help strengthen company oversight by boards? How can governments use the Principles? How was the review of the Principles carried out? What happens next? For further information For further reading Where to contact us? Introduction The integrity of businesses and
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Nature of Board Level decisions and the contribution of the finance director The performance of any organization‚ may it be for profit or not for profit‚ heavily depends on the decisions that are made by the management of the organization. It is worth noting that decisions made in the organization differ greatly‚ depending on the position of those involved in making those decisions. The board is one body that plays a crucial role in determining the future of an organization‚ based on the nature
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how an organization creates‚ delivers and captures value. According to Zott and Amit (2010)‚ a generic business model must be able to specify the what‚ for whom and how of production. It must at its essential core identify content‚ structure and governance. In the case of the National Kidney Foundation‚ their business model can be described as follows: Figure 1: Value proposition for National Kidney Foundation As shown in the figure above‚ the main aim of the foundation was to offer affordable dialysis
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Q1. Does good Corporate Governance reduce corporate collapses and explain with references to corporate collapses? Corporate governance is about making good decision for the corporations .A good structure will allow you to ensure that the start-up of your business occurs smoothly‚ with minimal confusion about responsibilities. As this can have many benefits to your business‚ it’s worthwhile considering how to implement a corporate governance structure best suited to your business. A collapse involves
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Portfolio Project: The Legal Environment of Business “What specific changes‚ if any‚ would you recommend to a policy maker to increase the effectiveness of corporate governance in this post-Enron era? Due to corporate scandals‚ most notable the Enron scandal there appears to be a decline in the confidence of leadership in the American business. The first round of scandals saw Congress pass the Sarbanes-Oxley Act which “requires companies to set up confidential systems so that employees and others
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another failure 6 4 Conclusion: 8 5 References 8 Report In this report I am going to highlight the weaknesses in the corporate governance code of Northern Rock that lead to its downfall. Audit Committee and Auditors According to the UK Corporate governance code the board should set up formal and obvious arrangements bearing in mind how to apply the corporate reporting internal control‚ and risk management rules for keeping the right relationship with the company`s auditors. The board
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members’ appointments are not based on integrity‚ competence and expertise of individuals. The study concluded that forensic accounting practice if incorporated in the banking operations will improve top management transparency and good corporate governance in the Nigerian banking sector which ultimately will improve the performances of Nigerian Banks. Based on the findings‚ we recommend independence of bank’s audit committees as well as integrity‚ competence and expertise as pre-requisite
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Taking personal responsibility for economic and ethical performance of corporations - Business Ethics Articles - impact of corporate governance scandals on business ethics debate Failure in business ethics is a real threat to the future of every corporation. business ethics as an issue is a hundred times more powerful than the internet or globalisation and can destroy your business in a week. To make matters worse‚ standards of business ethics are changing rapidly in response to random events which
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role Internal Auditors (IA) plays in certain aspects of corporate governance. The report also aims to investigate what is considered as good corporate governance. “Corporate governance is the system by which companies are directed and controlled. It deals largely with the relationship between the constituent parts of a company - the directors‚ the board (and its sub-committees) and the shareholders” (Berr‚ 2008) Corporate governance is necessary because of the problems caused by the divorce
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