THE BENEFITS OF SARBANES-OXLEY AND CORPORATE GOVERNANCE MEASURED AGAINST THE COSTS Salim Motala A research project submitted to the Gordon Institute of Business Science‚ University of Pretoria‚ in partial fulfilment of the requirements for the degree of Master of Business Administration. 14 November 2007 ABSTRACT The Sarbanes-Oxley Act of 2002 (SOX) is the only legislated corporate governance structure‚ and is aimed at increasing investor confidence in public companies by forcing them
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corporations have to take. Cost analysis is one of the factors that should be taken into consideration while evaluating financial and investment decisions. This paper reviews the concept of cost analysis‚ how it is used in decision making‚ and how firms usually involve cost analysis in evaluating different projects. Furthermore‚ the paper discusses some of the main concepts that are derived from cost analysis such as cost allocation‚ cost-effectiveness analysis‚ and cost-benefit analysis. In addition‚ some
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COST ANALYSIS OBJECTIVES INTRODUCTION MEANING DEFINITIONS TYPES OF COSTS MONETARY COSTS REAL COSTS OPPORTUNITY COSTS ECONOMIC COSTS ACCOUNTING COSTS INCREMENTAL COSTS SUNK COSTS FUTURE COSTS PRIVATE‚ EXTERNAL AND SOCIAL COSTS FIXED / SUPPLEMENTARY / OVERHEAD COSTS VARIABLE / PRIME COSTS REPLACEMENT COSTS PRODUCTION COSTS SELLING COSTS CONTROLLABLE COSTS DIRECT COSTS INDIRECT COSTS SHORT RUN COSTS CURVES LONG RUN COSTS CURVES OBJECTIVES To understand the meaning of cost. To discuss different types
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To: Patrick Oray Company: Plastic Composites Inc. From: Jane Doe Date: March 1‚ 2012 RE: Allocation Options for Fixed Manufacturing Overhead Costs Dear Mr. Oray‚ After researching the different methods allowed for you to use in allocating the fixed manufacturing costs to the work in process and finished goods I have come to the conclusion that normal capacity is the best method for your business. First I will define theoretical‚ practical and normal capacity and then I will explain to
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There are mainly three advantages once the city implements the biofuel as one of the energy sources. Firstly‚ the implementation of biofuels can help the public to fight against the ever rising oil prices and reduce the dependency on petrol. As the conventional energy sources such as fossil fuels‚ coal and natural gas will be used up in the near future‚ the prices of gasoline keep rising for the recent years such that it has become an extra burden for the public to stand for such high oil prices
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The Sydney Olympic Games held in 2000 was perhaps one of Australia’s major investments. The event involved Private‚ Social and External costs and benefits. The NSW government experienced the Private costs. Financially‚ the government spent around $1.7 billion dollars on the event‚ which included the sporting facilities‚ advancing the city’s streets‚ transport organisation and the village. The takings received for the event‚ however‚ was around $6 million. The profits are still being made today‚
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Ethical dimensions of cost/benefit" analysis. Evaluate from a moral perspective the "cost/benefit" analysis conducted by Ford. One may ask what do we need ethics in business for? To answer this question‚ we need to know what ethics is‚ as well as‚ what impact it has on businesses‚ people and relations. Ethics is often defined as a set of rules‚ principles governing a group or a person; determining his/her behavior. It imposes a social responsibility on people. Even though‚ in the past ethics was
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MINICASE Ratio Analysis at S&S Air‚ Inc. Chris Guthrie was recently hired by S&S Air‚ Inc.‚ to assist the company with its financial planning and to evaluate the company’s performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then. S&S Air was founded 10 years ago by friends Mark Sexton and Todd Story. The company has manufactured and sold light airplanes over this period‚ and
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COST ANALYSIS Prepared by: Nebuchadnezzar Rabaya OBJECTIVES To provide a basic understanding of the nature of cost analysis. To give highlights on the importance of cost analysis on any venture. To present a clear overview on various types of costs. Cost Definition: an amount that has to be paid or spent to buy or obtain something. Analysis Definition: is the process of breaking a complex topic or substance into smaller parts to gain a better understanding of it. What is cost analysis
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Cost Benefit Principle The cost benefit principle basically states that when taking an action it should only be done if the extra benefits are at least as great as the extra costs. All effects of this action must be taken into consideration in order to properly analyze this principle in everyday life. A good example where this analysis is very interesting‚ and has many pros and cons‚ is cigarettes. The overall economic costs of smoking cigarettes have become very widespread in society for
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