TATA’s principal purpose is to improve the quality of life of thecommunities it serves. The values and ideals‚ the way that it functions‚ helps it do that. As a Tata Company‚ the Company’s philosophy on Corporate Governance is founded upon a rich legacy of fair‚ ethical and transparent governance practices‚ many of which were in place even before they were mandated by adopting higheststandards of professionalism‚ honesty‚ integrity and ethical behavior. As a global organization‚ the Corporate Governance
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Health Care Reporting Practices and Ethics Carrie "Shellie" Cobbs Health Care Financial Accounting HCS 405 Robert Hammer October 27‚ 2013 Health Care Reporting Practices and Ethics Financial management in health care is a major role for an organization. The success of an organization depends on the financial reporting practices and the ethical standards incorporated by the institution. Understanding the four elements of financial planning‚ generally accepted accounting practices (GAAP)‚ and how
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cautioned that statements which are not strictly historical statements‚ including statements concerning future expected financial performance‚ management objectives and plans for future operations‚ our relationships with strategic or other partners‚ the release of new products or services or enhancements to existing products or services‚ our expectations regarding potential acquisitions and the future performance of past acquisitions including our ability to realize expected synergies‚ trends in the market
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(3rd ed.). Tata McGraw-Hill Publishing Company Limited. Monks.R.G & Minow.N. (2008). Corporate governance (4th ed.). John Wiley and Sons. Salter‚ M.S. (2008). Innovation Corrupted: The Origins and Legacy of Enron ’s Collapse. Harvard University Press. The WorldCom Accounting Scandal‚ (2002). Retrieved September 7‚ 2013. From http://www.icmrindia.org/casestudies/catalogue/Finance/The%20WorldCom%20Ac
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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passed the Sarbanes-Oxley Act‚ known in the industry as SOX‚ as a measure to improve transparency in financial accounting and to prevent fraud. SOX consists of 11 chapters‚ or titles‚ which establish wideranging new regulations for auditors‚ CEOs and CFOs‚ boards of directors‚ investment analysts‚ and investment banks. These regulations are designed to ensure that (a) companies that perform audits are sufficiently independent of the companies that they audit‚ (b) a key executive in each company personally
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E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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spokesperson for such companies as Budweiser and American Family Publishing. HAI LÚA’s fifty-year-plus career in television made him one of the most rec- ognized celebrities in that medium. Understandably then‚ the American public was shocked when press reports in June 2007 revealed that HAI LÚA was more than $600‚000 past due on his home mortgage payments. The $5 million mort- gage on HAI LÚA’s Beverly Hills mansion was held by Countr ywide Financial Corporation. Unfortunately‚ millions
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Northwell Inc. is a medical company that was formed after the successfully merger of Canada’s Northern Medical and United States’ Wellness Medical Company. The merger of the two companies resulted in the increased market presence of Norwell’s products that in turn resulted in higher volumes of sales‚ increased returned on equity and profitability. However‚ in the recent past‚ the company has experience serious issues that resulting in significant drops in all aspects. The issue of the organizational
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Ramalinga Raju The man behind the rise and fall of SATYAM’s success Presented By: 11/18/2014 Students of MSc. Financial and Managerial Accounting • Sonia Saher • Mohammad Waqas • Lu Tran Diem Trinh • Xin Wang 2 Roadmap: Introduction to Satyam and agency conflict overview Stakeholders at Satyam (presenter M. Waqas) Inadequacy in Satyam’s Corporate Governance (Presenter Trinh) Suggestions to save Satyam ship (Presenter Xin) Questions will be entertained at the end 11/18/2014
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