Effect of Unethical Behavior in Accounting When describing accounting‚ it can be defined‚ as a type of method used to provide information with regards to the financial position of a company or an organization. The information provided to investors is imperative because it provides the investor with valuable information that can lead to their determination as to whether they should decide to invest or not to invest in a specific organization. Consequently‚ because of unethical practices and behaviors
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e s 14/10/2011 Wal-Mart Case Study Strategy Management Presented By Group 6‚ Section D Name Roll No. Abhishek Suryawanshi 2011PGP913 Aditya Kiran Nori 2011PGP514 Pankaj Gupta 2011FPM09 Abhishek R Pai 2011PGP508 Snehal Jogdand 2011PGP667 Someswar Basak 2011PGP891 Shriraman S 2011PGP879 14/10/2011 Wal-Mart Case Study Strategy Management Presented By Group 6‚
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Walmart A Brief History In 1962 Sam Walton open his first Wal-Mart in Rogers‚ Arkansas. His low price approach to retail soon became a model that all Wal-Mart stores would follow. "Sell brand merchandise at low prices." By the 1980’s Wal-Mart had over 300 stores and had accumulated over 1 billion dollars in sales. USP OF WalMart Stores Wide variety‚ Low prices Other features Efficient supply chain network Central buying & Promotion Distribution Warehouse Cooperative
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many groups. Community groups‚ Labour unions‚ religious organization and environmental groups had protested against Wal-Mart for their business practices and company policies. Wal-Mart is also criticized for foreign product sourcing‚ environmental practices and security policies. Wal-Mart is facing many controversies for their unethical business practices. Some of them are mentioned below: - Open Door Policy and bribing employees In ‘Open door policy’ of Wal-Mart employees can directly take
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establish itself as the only discount retailer in these areas. This key strategic choice of location was completely different from what competitors had done and gave WalMart a first-mover advantage in markets that had not previously been served by discount retailers. A second key strategic feature is WalMart’s inventory management strategy. WalMart has been a leader in implementing new and cost effective methods to manage inventory. Merchandise was tailored to local market demand via “traiting” where products
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Sears Vs. Walmart Financial Performance Comparison Profit Margin Profit Margin‚ Sears Co. | | 1997 | | 1996 | | 1995 | Net income | 1‚188 | -6.53% | 1‚271 | -29.43% | 1‚801 | Total revenues | 36‚371 | 7.76% | 33‚751 | 8.41% | 31‚133 | Profit Margin | 3.27% | | 3.77% | | 5.78% | This Profit Margin ratio is acceptable‚ though not high. The result means that for each dollar of sales at Sears Co.‚ the company earns only 3.27 cents in 1997‚ compared to 3.77 cents and 5.78 cents in 1996 and 1995 respectively
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Option B a) Late Interim Payments by Employer The various contractual provisions in relation to the late interim payments by the Employer will be addressed with the use of the JCT Standard Building Contract With Quantities 2005 Edition (JCT SBC05) Revision 2 2009. According to Clause 4.13.1 of the (JCT SBC05) Rev 2 2009‚ the Employer is obliged to pay the amount due as stated in the Interim Certificate within 14 days from the date of issue. According to Clause 4.13.3 & 4.13.4 of the (JCT SBC05)
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Abstract In this case of Toy Central Cooperation the aim is to evaluate company risks and accounting issues facing a Toy Company‚ and establish how these issues would transform into required particular audit risks. In performing the analyses‚ there is need to draw on all-purpose information of toys and perhaps to investigate a number of of the accounting procedure issues confronting the Toy Company. Throughout this evaluation and analyses‚ there is a necessity for the Company to see a need
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Mark Juvir G. Ampong Prof. Virginia M. Bautista GSR 101-3F F- 11am-2pm Question number 8 : Do you think an organization should adhere to different philosophies of corporate social responsibilities when confronted with different issues‚ or should its philosophy always remain the same? Explain.
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sid=4400036b-ca22-47f5-8e6f-c709efd0e02e%40sessionmgr14&vid=1&hid=19&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=buh&AN=60818467 [2011‚ April 14]. Watson‚ L. 2011. Wal-Mart to focus on SA culture. (Online). Available: http://www.fin24.com/Companies/Retail/Walmart-to-focus-on-SA-culture-20110604 [2011‚ June 05]. Peters‚ D. E. 2008. The Impact of Foreign Direct Investment in Mexico. (Online). Available: http://ase.tufts.edu/gdae/Pubs/rp/DP11Dussel%20PetersApr08.pdf [2008‚ April]. Lipsey‚ R. G. & Chrystal
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