demonstrates the unethical practice brought into action due to an invisible operation. He points out the weakness in the bank systems in monitoring the transactions carried out by the bank’s customers. He argues that without the relevant programs in accounting and access to the invalid programs used, such incidences of invisible abuse become a common phenomenon (Kizza
Introduction The Sarbanes-Oxley Act was signed in 2002 by President George W. Bush. This act came into placed when large corporate companies such as Enron, WorldCom and Tyco committed fraud in between 2000 through 2002. The practices inside of the company such as insufficient oversight of accountants, lack of auditor independence weak corporate control procedure and etc. This was put in place to reduce fraud, improving the reliability of financial reporting and restoring the investor confidence
THE CONCEPT OF CUSTOMER PERCEIVED VALUE OF FASHION RETAILER Introduction Customer value has appearances in several different contexts. Customer value can be view within accounting, strategic management and even from marketing context. The aim of this study is on the customer value within the marketing context and to understand what are the definitions of value and the interaction between the customer and the products on a fashions retailer (Cottet et al., 2006:220). First, the meaning of value
is functional orgainisational structure. A functional organization divides the company into different departments which has their own responsibilities (Suttle & Media, ND). The key functions of KK Spa include food and beverages, human resources, accounting and marketing, and facilities and customer services. On the basis of these key functions, the operation of our company can be divided into departments with respective job scopes. The staffs in our company are distributed into different departments
opportunities for people with different range of skills to work in the retailing industry as retailing involves with a set of business activities such as human resource functions, marketing functions, purchasing of goods or merchandising functions, accounting and information technology system, store operations and customer service, manage distribution and warehouse system. Retailing also provides entrepreneurial opportunities for those who want to start their own
So, how does Activity-Based Costing apply to Higher Education? Many people are concerned about the rising cost of tuition. Referring to Ronald Ehrenberg’s article titled, “Tuition Rising: Why College Costs so Much”, it states, “For at least a century, tuition at selective private colleges and universities has risen annually by two to three percent more than the rate of inflation,” (pg 28, Ehrenberg, 2000). In this article he discusses how the “Winner-Take-All” Society is causing post-secondary institutions
retiring used to be easier. In 1972, forty two percent of employees had a pension. They have a guarantee by your employer that you would get a percentage of your salary and benefits for your retirement. In the late 1970th the changes in longevity, new accounting rules, and market volatility made the cost of pension funds to high for the corporations. They started looked for the solution and find it in the loophole in Internal Revenue Service code. The 401k plan which started as corporate tax shelter became
EMERGING TRENDS IN IT AND SYSTEM INFRASTRUCTRE IN BANKING INTRODUCTION . In the banking field, there has been an unprecedented growth and diversification of banking industry has been so stupendous that it has no parallel in the annals of banking anywhere in the world. The major challenges faced by banks today are as to how to cope with competitive forces and strengthen their balance sheet. The Indian banks are subject to tremendous pressures to perform as otherwise their very survival would
Guzman, one of the Board of Director of Cheap Pharma along with the two other BOD purchased Green Med shares. Hence, a month later, the shareholders of the Cheap Pharma sued Mr. De Guzman and the other two directors demanding that they render an accounting and return whatever profits they made from the Greeen Med transasaction. II. Basic Issue(s) or Associated Issue(s): Under Section 31 of Corporation Code. Liability of directors states that Directors who willfully and knowingly vote for or assent
It also incorporates static and dynamic analysis, technological changes, economies of scale, as well as the economic implications of international mobility of production factors such as capital and labor. Another important issue when accounting the costs and benefits of globalization is its impact on conditions such as income inequality, employment, poverty, global environmental concerns, and economic vulnerability. Most economists seem to lie in the factor that there are minimal contributions