Essay On Employee Morale

Essay On Employee Morale
Regardless of someone's education, skill, or experience and whether a prospective job classifies as
public, private, nonprofit organization, or government institution, feeling comfortable about its
viability as a continuing enterprise always merits concern. And for this reason, arming oneself with
a fundamental understanding of an entity's contemporary financial health and the industry or market
segment it operates become especially significant. Similarly, few argue the value of avoiding
professional environments subject to intimidation by management or anything approaching an
atmosphere affected by poor workplace morale. The responsibility to assess a potential employer
falls into the lap of each prospect to which a mosaic of information ... Show more content on
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Financially transparent by definition, public corporations accompany straightforward access to a
myriad of financial reporting required by the United States Securities and Exchange Commission
(SEC). As a result, the relative financial health of these entities emerges through an examination of
their historical financial statements reported to the federal government, stockholders of record and
the public at large. Official Form 10–K, an annual report submitted to the SEC, help formulate the
backbone of the company's financial performance. And while alternative sources like a company's
annual report contain the same fundamental information, the derivatives hail from the same 10–K.
Although not difficult to comprehend, those possessing limited knowledge will require some basic
understanding of corporate finance to establish a reasonable picture of the company's fiscal health.
Fortunately, a wealth of free information now serves as guidance and commonly exists all across the
Internet from online brokerages and financial self–help websites just to name a few.
When evaluating public corporations initially, keep reviews simple by focusing on income
generation, expenses, and long–term debt. The trends tell the story. Undoubtedly, it doesn't require a
business degree to recognize a company hemorrhaging money has a limited future. However, looks
can be deceiving. Suppose an enterprise posts consistent long–term sales
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Regardless Of Someone’S Education, Skill, Or Experience
Regardless of someone's education, skill, or experience and whether a prospective job classifies as
public, private, nonprofit organization, or government institution, feeling comfortable about its
viability as a continuing enterprise always merits concern. And for this reason, arming oneself with
a fundamental understanding of an entity's contemporary financial health and the industry or market
segment it operates become critically significant. Similarly, few argue the value of avoiding
professional environments subject to intimidation by management or anything approaching an
atmosphere affected by poor workplace morale. The responsibility to assess a potential employer
falls into the lap of each prospect to which a mosaic of information ... Show more content on
Helpwriting.net ...
Financially transparent by definition, public corporations accompany easy access to a myriad of
financial reporting required by the United States Securities and Exchange Commission (SEC).
As a result, the relative financial health of these entities emerge as one reasonably ascertained by
examining a variety of historical financial statements reported to the federal government,
stockholders of record and the public at large. Official 10Ks submitted to the SEC help formulate
the backbone of the company's financial performance. And while alternative sources like a
company's annual report contain the same fundamental information, the derivatives hail from the
same 10K. Although not difficult to comprehend, those with limited knowledge will require some
basic understanding of corporate finance to establish a reasonable picture of the company's fiscal
health. Fortunately, wealth of free information now serves as guidance and commonly exists all
across the Internet from online brokerages and financial self–help websites just to name a few.
When evaluating public corporations initially, keep reviews simple by focusing on income
generation, expenses, and long–term debt. The trends tell the story. Undoubtedly, it doesn't require a
business degree to recognize a company hemorrhaging money has a limited future. However, looks
can be deceiving. Suppose an enterprise with consistent long–term sales increases continue to

Great Workplaces Learn How To Offer Benefits That Increase
Great workplaces learn how to offer benefits that increase employee satisfaction, which affects
customer satisfaction, in hopes of ultimately increasing profitability. These workplaces enjoy lower
turnover, better staff, and preferable performance. According to the text, "a great workplace is a
place of trust – the credibility in knowing that what is spoken can be believed because management
has the integrity and competence to accomplish fulfillment." Employees set standards and still enjoy
their peers. Management accomplishes trust by communicating, being available, tackling
challenges, honoring their word, saying thank you, and emotional intelligence. In observations by
Lolly Daskal's, she states: motivation should start with the ... Show more content on Helpwriting.net
...
The SAS Country Club is also offered to employees at a 90% discount. "The environment is laid
back and convenience is the motto." Next door to SAS, working parents have access to one of four
SAS Montessori daycare programs – 1/3rd the cost of a related program. Because SAS is a privately
held company, stock options are not offered. Nevertheless, SAS offers competitive wages and an
expanding portfolio of family and life services. At the company cafeteria, employees can eat lunch
with their kids and at no cost – families are looked after by the SAS medical staff of doctors, nurses,
and physical therapists. When a specialist is required, SAS picks up 80% of the bill. These benefits
save time, money, and reduces turnover. SAS treatment of their employees reflects their
commitment to make what matters to you matter to them.
I believe SAS's CEO, Jim Goodnight, ulterior motive is to redefine what's considered success and
de–emphasize the big business philosophy that solely focuses on financial performance. To appease
those accustomed to receiving stock options, SAS goes above and beyond in offering perks and
services that ease distracting burdens employees commonly experience. SAS arranges with local
merchants the delivery of good and services to the office. SAS employees can also have their oil
changed and tires rotated on–site. The work life department is staffed by social workers who assist
employees in finding colleges or long term care for aging

Ethical Standards for Management Accountants Essay
Ethical Standards for Management Accountants
Ethics in any industry is important, but for Accounting professionals and those in need of their
services, it is a particularly stressed element. Information provided by accountants is used to make
major decisions, including investing, downsizing, expanding, etc, so accountants are expected to be
competent, reliable, and have a high degree of professional integrity. Because of these high
expectations, the professional accountancy industry, like many other professions, has adopted
professional codes of ethics (Woelfel, 1986). These ethical codes go above and beyond the
requirements for state or federal laws and regulations. There are several professional organizations
within the ... Show more content on Helpwriting.net ...
According to Daniel F. Dooley (2008), a member of the Commercial Fraud Taskforce, financial
fraud with private middle–market companies is on the rise. In fact, Mr. Dooley believes that he has
seen more instances of fraud in the past two years than in the previous ten. He notes seven areas in
which financial fraud has increased over the past few years:
Borrowing Base Calculations for an Asset Based Loan
Slow Processing of Accounts Receivable
Raw Material and Components are being Supplied by Customers
Short Payment of Accounts Receivable by Major Customers
Untimely Clearing of Checks Paying "Customer" Contras
Change in Inventory Valuation
Financial Statements Not Consolidated using Accounting Software
On April 21, 2001, Lee Farkas, the former chairman of a private mortgage lending company, Taylor,
Bean, & Whitaker (TBW), was convicted for his role in a more than $2.9 billion fraud scheme
(Schoenberg, 2011). This action contributed to the failures of Colonial Bank, one of the 25 largest
banks in the United States, and TBW, one of the largest privately held mortgage lending companies
in the United States. According to court documents and evidence presented at the trial, Farkas and

his co–conspirators engaged in a scheme that misappropriated more than $1.4 billion from Colonial
Bank's Mortgage Warehouse Lending division and

Difference Between Private Sector And Public Sector
1.1 Explain the differences between the private sector the public sector and the voluntary sector
The Private Sector
The private sector is usually composed of organizations that are privately owned and not part of the
government. For example, retail shops, credit unions, and local businesses will operate in the private
sector.
The Public Sector
The public sector is usually organisations that are owned and operated by the government. This
includes federal, local, national, or municipal governments (cities, towns, villages, counties,
districts, or metropolitan regions), depending on where you live. Privacy legislation usually calls
organizations in the public sector a public body or a public authority.
Some examples of public bodies are educational bodies, health care bodies, police and prison
services, and local and central government bodies and their departments.
The voluntary sector
The voluntary sector is very diverse, including multi–national charities, local community groups and
everything in between.
There are many types of voluntary organisations in the UK. Most are one of the 180,000 registered
charities, but there are also housing associations, credit unions, community interest companies,
trusts, local community groups and others.
Voluntary sector organisations' management and governance is similar to the private sector. The
board of trustee's act as directors.
Main Differences:
Legal Obligations
Publicly owned companies, because they are partially

The Five Core Values Of Quality, Responsibility,...
Mars uses the five core values of: Quality, Responsibility, Mutuality, Efficiency, and Freedom to
guide company and their strategic compensation and benefits plan. Effective positioning themselves
ahead of their competition in today's competitive global markets. Keeping these core values in mind
have allowed them to attract, retain, and motivate their staff around the world. Forrest E. Mars, Sr.
first developed this business strategy in 1983 (The Five Principles) to provide and outline benefits
mutually to all stakeholders. The strategies on how to realize these values have adapted with time,
"We must flexibly adapt to new conditions, while finding ways to remain true to our fundamental
beliefs" according to their management team (The Five Principles), but the core values are still the
foundation for their success.
Mars has grown considerably from its humble beginnings in 1911, when Frank and Ethel began
making candy in Tacoma, Washington home. They now employ more than 25,000 associates in the
US, along with another 50,000 abroad and are located in seventy–four counties.
Helping to define the culture and lead the charge to empower their associates is their People and
Organization Department, known as Human Resources at other companies. "They create the
conditions for our associates to grow, learn and develop to further their careers and make those
careers mean more for themselves, the business and the communities we operate in" (Human
Resources).
One can only assume the

History of Sox
History of Sarbanes Oxley and the Reasons for Enactment
Virginia Knight
Student ID: 6892460166
Accounting Capstone
Senior Seminar in Accounting
ACC 499 006016 Spring 2009
Submitted to: Professor Tee Thein
June 19, 2009
Abstract:
In 2002 the Sarbanes–Oxley Act was passed. This is a mandatory act that all organizations, large
and small, must comply with. This legislation introduced major changes to the regulation of
financial practice and corporate governance. There are eleven titles to the Sarbanes–Oxley Act. The
act is named after its main architect, Representative Michael Oxley and Senator Paul Sarbanes.
Former President Bush is quoted saying that it is intended to "deter and punish corporate and
accounting fraud and ... Show more content on Helpwriting.net ...
"The results noted a distinct difference between companies that had reached compliance with SOX
and those that had not."
CHAPTER 2
Eleven Titles of SOX
The objective of the eleven titles of the Sarbanes–Oxley Act is to ensure that auditors remain
independent; corporations and auditors are accountable to the public for the numbers they publish;
an independent body governs financial reporting processes; sufficient measures are in place to deter
fraudulent activity; financial activities are transparent enough to allow fraud detection to occur; and
if fraud is detected, someone is held responsible.
Public Company Accounting Oversights Board Section 101 of the Sarbanes–Oxley Act establishes
the Public Company Accounting Oversights Board (PCAOB). The Board consists of five
financially–literate members that are appointed for five–year terms. Three of these members must

not be a CPA currently nor have been one in the past. The other two members must be, previously or
currently, a certified public accountant. The main focus of this Board is (1) to register along with
discipline accounting firms that prepare audit reports on companies that are public; (2) conduct
inspections and/or investigations of registered accounting firms that audit public companies; and (3)
establish audit and accounting standards.
Auditor Independence Sections 201, 203 and 204 outline the

Accounting Method Of Goodwill : The Performance And...
accounting method of goodwill. Many who analyze private companies disregard goodwill when
determining the performance and financial condition of private companies. In a survey of financial
statement preparers it was found that they did not believe that previous rules for private companies
regarding goodwill recognition were inadequate and did not save much cost to these smaller private
companies. (Lange, 1) In the amendment created by the influence of the PCC, privately held
companies have an optional election for an alternative measure of goodwill. The formal explanation
of the amendment is as follows: "An entity within the scope of the amendments that elects the
accounting alternative in this Update should amortize goodwill on a straight–line basis over ten
years, or less than ten years if the entity demonstrates that another useful life is more appropriate
(Lange, 2)." US GAAP which pertains to public companies requires that goodwill be tested annually
for impairment or in some cases more frequently. In addition, goodwill is not to be amortized by
public companies. This is just one example of an alternative method of GAAP which is available for
private companies. Just days ago the Board of Trustees of the Financial Accounting Foundation
released a news update to the procedures of the PCC. The release was to explain several updates
made to the PCC in regards to their interaction in the FASB's active projects. The updates came in
response to more than fifty letter

Sas Institute Term Paper
Executive Summary: SAS is a recognized company that creates business analyst software for all
types of businesses. The acronym SAS stands for "statistical analysis system." It was created at
North Carolina State University as a project to analyze agricultural research. SAS's founder decided
to transform this research project into a viable company of its own, where he could provide business
consulting services to large and small businesses alike. Shortly after becoming a company they were
able to run software applications across all platforms of the business by using multivendor
architecture for which it is known today for. SAS's internal culture has remained the same since it
first started, which has made them successful enough to spread ... Show more content on
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Furthermore, SAS has a specialized team of consultants that their customers use to enable them to
be fully trained on the use of their products. SAS concentrates on a focus differentiation business
level strategy. The company concentrates its efforts on creating value for other firms by improving
the profitability of their customers. At the same time, SAS receives a premium for their products and
services because of the huge economic added value that it provides to its customers. This allows
SAS to succeed using a differentiation strategy. We will focus on this business level strategy later
on. Porter's 5 Forces At its core, Porter's 5 forces describes a firms overall ability to compete in a
market. We discuss our analysis of the 5 forces and how they affect SAS Corporation and its
stakeholders. Please examine Figure 1.1 to view a diagram that depicts the 5 forces. The model is
based on the research findings of Michael E. Porter, a Harvard Business School Professor. The
model was recently updated in the late 1990's and early 2000's to depict what it is today. As you can
see from the diagram, the dominating factor that the forces are based upon is the rivalry faced again
existing competitors. When competition is high amongst competitors, the forces that revolve around
the competition tend to intensify. Porter's 5

Case Study On Cosmetics
The purpose of this report was to investigate a cosmetic company, which is called Stila Cosmetics,
in United States of America.
Stila Cosmetics is an American cosmetics company founded in 1994. The cosmetics line is headed
by makeup artist Jeanine Lobell. The name Stila (pronounced STEE–la) was derived from the
Swedish word "stil," which can mean "style". Stila's official website is quoted as saying that they
chose that name because they believe "every woman's makeup should be as individual as her own
signature".
Estée Lauder Companies bought Stila in 1999 and sold it to Sun Capital Partners, Inc in the spring
of 2006. In 2009, Stila became a Lynn Tilton company when it was sold to the private equity fund
Patriarch Partners, LLC.
The strengths of this organization can be seen from their private equity fund company, Patriarch ...
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1.4 Limitations
Some limitations that faced when investigating Stila Cosmetics are company details not publish in
the official sites, important information is difficult to collect, also it is impossible to do company
visit because the company based in America and haven't been entered the Indonesia's Market yet. In
addition, it is also very hard to know the company's strategy because it is a confidential information.
Even some of the information need to be retarded from the people who used to work in Stila
Cosmetics before (based on their work's experience).
1.5 Assumptions
It has been assumed that Stila Cosmetics achieve it popularity only because it has linked with
celebrities and Stila Cosmetics is an American local brand company.
Moreover, it has also been assumed that Stila Cosmetics company are in the same group with some
other brand, like Anastasia Beverly Hills and Urban Decay because the originality of the similarity
of

The Sarbanes-Oxley Act of 2002
The Sarbanes–Oxley Act of 2002
Presented by:
Ibrahim M. Conteh; Ruby Proctor Garcia; Kathleen M. Parry;
Joseph M. Schmerling; Jaime Ulloa
Auditing Theory and Practice
0902 ACCT422 4021
Due: April 29, 2009
Table of Contents
Page Number
What is the Sarbanes–Oxley Act of 2002? 3
Why was SOX established? 4
When did SOX take effect? 5
What companies were affected and how? 6
What does SOX compliance require? 9
Conclusion 11
References 13
What is the Sarbanes–Oxley Act of 2002? The Sarbanes–Oxley Act of 2002 – its official name
being "Public Company Accounting Reform and Investor Protection Act of 2002" – is ... Show more
content on Helpwriting.net ...
The SEC appoints the members of the PCAOB and has oversight and enforcement authority over it.
The PCAOB is charged with establishing and enforcing auditing, quality control, ethics and
independence standards and rules for public company accountants. The SEC will not accept an audit
report from an accounting firm that is not registered with the PCAOB. Thus, SEC reporting
companies must engage the services of a registered public accounting firm. The PCAOB is funded

by new fees imposed on publicly–traded companies based on their market capitalization – the fees
range from as little as $100 for the very smallest companies to more than $1 million for a handful of
the largest companies.[4]
When did SOX take effect? Elements of the Act were phased in over time. Those companies with a
market capitalization between $75 million and $700 million whose fiscal years closed between
November 15, 2004 and February 28, 2005 were granted an extension of 45 days on the internal
controls portion of SOX financial reporting frameworks which were to be in place and operational
for their first fiscal year–end reports after November 15, 2004, then all quarterly reports thereafter.
Smaller companies had until their first fiscal year ending on or after July 15, 2005, to comply, and it
will be for the first fiscal

50 Smartest Companies Of 2012 Case Analysis
On June 27, 2017, the list of the 50 Smartest Companies of 2017 was published by the editors at the
MIT Technology Review. The list is meant to identify companies that are combining both business
savvy and innovation. It featured companies from a wide range of industries, and included large
corporations like Amazon and Apple, and ambitious startups like SpaceX. SpaceX was ranked
second on the list, after Nvidia. Its profile on the list has its basic information: its headquarters
(Hawthorne, California), its industry (transportation), its status (privately held company), its years
on the list (from 2011–2017) and its valuation ($12 billion). The summary, given about each
company, gives a quick look into why the company was chosen for the ... Show more content on
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He is what's known as an opinionated leader (Snow, 2015). Another popular example of one is Steve
Jobs. Opinionated leaders are unique because they are both persuasive and innovative – they
convince employees to follow them, and push them to their limits, while also maintaining an open
mind to pivoting their ideas. For them, being opinionated doesn't mean that they are impervious to
change. Instead, they welcome it. They humbly admit to not being right, and double down on their
new course of action.
His lack of ego and strong will to execute has served Musk well. This year, he was ranked #8 on
Glassdoor's List of Favorite CEOs. The list, based entirely on employee rankings, reported Musk's
approval rating as being a whopping 98%. The ratings gave a glimpse into the company culture that
Elon and top leadership have managed to build, and do their best to protect. To Musk, leadership is
service. As he says in an interview with Glassdoor, "
If you are a manager or leading at any level at SpaceX, we stress that your team is not there to serve
you. You are there to serve your team and help them do the best possible job for the company. This
applies to me most of all. (Jackson,2017).
Most important to Musk as CEO is to do something that is useful to the rest of society. He believes
that the future should be both inspiring, and appealing,

Fin 370
Virtual Organization Strategy Paper
Kathy Kudler founded Kudler Fine Food. She was once the VP of marketing for a large defense
contractor. Weary of the constant travel and the pressures of corporate life, Kathy was looking for
other opportunities. As it happened, Kathy relieved her stress through gourmet cooking and on a
shopping trip for ingredients for a gourmet meal. Kathy suddenly realized there was an opportunity
for an upscale epicurean food shop in La Jolla. Kathy developed a business plan, obtained financing
and six months later, on June 18, 1998, the first Kudler Fine Foods opened. Within nine months the
store was at break–even and was profitable for the year. In 2000, a second store was opened in Del
Mar and in 2003 a third ... Show more content on Helpwriting.net ...
When used by academics, an arbitrage is a transaction that involves no negative cash flow at any
probabilistic or temporal state and a positive cash flow in at least one state; in simple terms, it is the
possibility of a risk–free profit at zero cost.
Opportunities of Each Approach
Many opportunities for Kudler Fine Foods come with going public with an IPO. A considerably
greater amount of capital comes from the issuing of shares for trading on the stock market. It helps
increase the amount of business taking place if Kudler Fine Foods were to become a publicly traded
company. "Public firms tend to enjoy a higher profile than their privately held counterparts. This
may make it easier to make sales and attract vendors to supply goods and services to the firm"
(Keown, et. al., 2005, p. 413). This growth would be to the degree that the current management
infrastructure could not handle at this time. There would need to be some widespread foundational
changes for Kudler to have this opportunity to issue stocks. The company knows the current
stockholders, the value of the employees, and the company's customers.
Kathy Kudler is not concerned with working by another organization in the same industry. Even
though there are competitors, they are not as abundant in the California areas where her

Dell Inc. Case Analysis
In 2008, Dell Inc. had grown from a $1,000 startup called PC's Limited to a company that had $ 61
million in revenues. ("Dell 's net revenue 1996–2013 | Statistic") Dell Inc., formally known as Dell
Computer Corporation, was started and headed by Michael Dell until 2004 when he stepped down
as CEO. Michael Dell went from being a college drop out to becoming the youngest ever CEO of a
Fortune 500 company, not to mention becoming a multibillionaire in the process. ("Dell Inc.
History") However, the successes of his company would not last after he left in 2004. ("Dell 's net
revenue 1996–2013 | Statistic") This faltering of company performance prompted Mr. Dell's return
to the helm of the company in 2007. ("Dell Inc. History") This case analysis will examine the initial
strategies Mr. Dell used to grow his company and the impacts that these decisions would have on
Dell Inc. as it faced uncertain conditions in 2008.
From $1,000 start up to a multibillion–dollar company with earnings of just over $61 million in
2008, Dell Inc. seemed to be rags to riches story that was draped in sunshine and rainbows with no
end in sight. ("Dell Inc. History") Dell surpassed their completion in 2004, although they went back
and forth with Hewitt Packer (HP) over the next couple of years, Dell remained a commanding
presence in the industry. (Kenny, "Case Report #2 – Dell Computers") This back and forth success
would become settled in 2007 when Dell not only slipped but also fell and remained

Case Study Frequent Flier's Essay
Chapter 7
Billing Schemes
Case Study
Frequent Flier's Fraud Crashes
1. Citation: Frequent Flier's Fraud Crashes
2. Broad Issues: Expense reimbursement schemes, as the name occur when employees make a false
claims for reimbursement of fictitious or inflated business expenses.
3. Identify individuals involved & their positions in this matter:
Marcus Lane: 35 years old Ph.D. Traveled all over his North and South America for his job as a
geologist for the privately held firm specializing in environmental management and engineering
services at regional office to Tyler & Hartford. He broke a basic ruled ethics: Never cheat on
your expense report.
Heidi Mcllough: An account who worked at Tyler Harford's East Cost ... Show more content on
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When she reviewed all his receipts for the trip two of the receipts stood out. One for car rental,
which indicated that the car was picked up by Lane at noon on the day of his flight to San Antonio.
The Second was a receipt for lunch at a restaurant located near the San Antonio International
Airport, also on the day of the flight. 7. Recommendations to avoid future occurrences of the
situation.
After Lane's fraud was exposed, Williams received full support from senior management for
clarification and better enforcement of the policy that all travel for the entire company, including all
fifty regional offices, must be booked through the company travel agent using a designated company
cried card. "That makes our auditing lives so much easier. It gives us better control, as well as better
cost data," said Williams. 8. Recommendations how to observe the system to dictated type of fraud
in the case?
Organizations first, should enforce a policy against accepting photocopies as support for business
expenses. This practice will help prevent schemes whereby copies of the same receipt are submitted
several times. Second, should be set up to flag duplicate payment amount that are coded as travel
and entertainment expense.
9. Recommendations for prevention of similar future situation?

In addition to the prevention and detection methods that have already been discussed, it is
particularly important, for dealing with

Advantages And Disadvantages Of Privatization In Education
Many people might not be familiar with the idea of privatization. The term privatization, as the
name suggested, is the act of taking over any public or government owned properties or businesses,
usually by a private party. In other words, it is the transfer of ownership from the government to the
private parties, making a business for profit. Thus, the government will no longer has control over
the property as it will be operating under the private party. For example, if companies have stocks
that are publicly traded before being privatized, those stocks would all be taken by the private party
as their own, turning the company fully into a privately held company. Privatization also occurs
during the change in ownership of a piece of land from the government to a private party, the
acquisition of a publicly held company by a private sector as mentioned before, the transition of a
public school into a private school and many other similar activities.
Over the years, privatization has become more and more popular in the many industries with the
education industry being one of them. Even so, according to the National Center for Education
Statistics, the number of students who choose to enroll in public schools has increased compared to
the ... Show more content on Helpwriting.net ...
We need to be reminded at all times that the main goal of any businesses, except for nonprofit
organizations, is to make profits. Thus, once a public school is privatized by a private party,
benefiting the society will no longer be their first priority anymore as they will try do anything in
their limit in order to maximize their gains. Because of this reason, many people are against the
privatization of education. Besides this, there are also many downsides that the New York Times
even published an article about it at one

Financial Statement Fraud : A Perfect Fraud Storm
Financial statement fraud is something that has become more commonplace than it should be. Many
different events will often lead up to a rash of companies participating in financial statement fraud.
Between the year 2000 and 2002 there were a number of factors that led to what appeared to be a
perfect fraud storm according to our text (Albrecht, Albrecht, Albrecht, & Zimbelman, 2012). Nine
of those will be looked at here. It will also be discussed as to what some of the common ways
financial statement fraud is concealed while looking at some of the common motivations for such
fraud. With this, a look at ways of financial statement fraud exposures can be identified along with
who usually will commit this type of fraud. Below is a list ... Show more content on Helpwriting.net
...
This happened all too often because compensation for executives and many others in companies
were tied to the stock price of the company to closely. It made it ripe for financial statement fraud to
take place. The backdating of stock options became commonplace for executives to cash in in a
fraudulent matter. The cause of this can also be viewed to go hand–in–hand with high analysts'
expectations for a given company. It was easy to see in hindsight, that analyst sometimes drove the
direction of what earnings would actually be for a company. The fraud in many companies was
tailored to the expectations that was listed on the street for the company. Moreover, for too many
cases the expectations set by analysts were unrealistic and in no way sustainable by the company.
(Albrecht et al., 2012, p. 361–362). The pressures of high levels of debt fueled the fraud storm that
much more. Covenants and loans that have been obtained were at risk of being violated if earnings
did not the companies were carrying. Earnings were essential to offset the high cost of interest that
is being made the loans that were made to the company. In the year, 2002 there was 368 billion and
in debt filed for bankruptcy in the United States. During this period WorldCom had the largest
bankruptcy in history over 100 billion in debt by itself (Albrecht et al., 2012, p. 362). There was too
much focus on accounting rules

Essay 587 Final
Final Exam Access dates: | 4/20/2013 12:00:00 AM to 4/25/2013 11:59:00 PM | Can be reviewed in
Gradebook on: | 5/1/2013 11:59:00 PM | Number of times this exam can be taken: | 1 | Time allowed
to complete: | 3h, 30min | | | Here is some information about your Final Exam: * The exam covers
the entire Managing Organization Change book, multiple articles throughout the term which were
referenced in all lectures, all lectures, the Cracking the Code of Change article specifically (Beer
and Nohria, Harvard Business Review). Although the exam is comprehensive, the essay questions
will lean heavily over the latter few weeks of class. The multiple–choice questions will be over all
TCOs. * All TCOs are covered. * There will ... Show more content on Helpwriting.net ...
TCO G – Given that developing a "vision for change" and communicating that "vision" is a critical
part of the change process, analyze the key elements of the "vision for change" and develop a
strategy to communicate the change to the stakeholder.
TCO H – Given the organization's goal of creating and implementing a sustainable change while
moving toward becoming a "learning" organization, develop a plan to implement change in a
sustainable manner that can be applied to any change.
Using the TCO you selected from the list above, which you felt was most relevant to your project
this term, write an essay answer explaining how the change management you saw in one of your
companies from your project this term followed or failed to follow the theory of success ingrained
in the TCO you have selected.
State the #1 thing you think that company's change agent did which most contributed to the success
or failure of the change and why that relates to the TCO you selected. * Include in the answer the
name of the company you are discussing. * Explain/analyze why you think this way. (Points : 35) |
2. (TCOs A, E) Your project this term asked you to compare and contrast two companies' change
projects or programs for change. This question will review what you learned about the change
projects in a continuation of your project. It will ask you to apply course

Public And Private Company Council
The Private Company Council For decades, there has been a separation between public and private
companies and the method in which they account for their activities. As a result, there can be great
complexity in the preparation of the financial statements for private entities who have been required
to conform to the reporting standards of public companies. This has led to poor comparability
among companies and has left investors frustrated. In 2012, as an attempt to remedy this situation, a
council known as the Private Company Council (PCC) was established. Moving forward in this
paper, the reader shall gain a greater understanding of the duty and purpose of the PCC. In addition,
you shall gain a general idea of how it is working towards a more common ground for public and
private companies to co–exist in regards to the accounting standards of which they abide. Thousands
of corporations in the US are publicly held and have their stock traded daily on various stock
markets. These public companies sell ownership shares and are therefore required to send in a
schedule 10–K to the US Securities and Exchange Commission each year. This schedule provides
potential investors as well as governmental regulators with an overview of the company's financial
information for the previous year. Public companies must also be audited annually to ensure that the
information being presented to the public is accurate. Conversely, privately held companies are just
that, privately held.

Essay about The Public-Private Prison Debate
California is suffering from a crisis in the prison system. Its facilities are operating at double
capacity and " grossly deficient medical care" is the cause of at least one inmate death per week
(Wood, 2008, para. 2). Because of this need for reform, the federal government is stepping in to
direct the state prison's operating procedure. Although the financial choices of each state should be
free from federal control, the federal government is still known to put pressure on states to make
decisions, especially when lawsuits arise. An example of federal legislation commanding state
behavior is busing. The states felt that they should have the autonomy to decide whether racial
integration was right for them. The federal government, ... Show more content on Helpwriting.net ...
Because of this fiscal pressure, governments are looking for alternatives to the public prison system.
The predominant idea for reformation is privatization of prisons. Journals abound with responses to
this idea including Ph.D. Gaes's article in the National Institute of Justice Journal, L. Beaty's article
in The Case Journal, and R. Culp's article in the Criminal Justice Policy Review. In Gaes's article,
his problem with the decision to transfer prisons into private hands is the lack of concrete evidence
whether the concept is actually a means of savings or not. His point is that the studies that have been
done bear completely different results, causing a discrepancy about actual savings. His example
illustrates two different studies, one conducted by the Abt and another by the BOP. The Abt used
actual figures from a public prison that was much smaller than the private prison in question. In
doing so, the numbers were slanted towards favoring the privatization of prisons, as they were able
to save more money per inmate by doing business on a larger scale. The BOP study, on the other
hand, "estimated what expenditures would have existed for identically sized prisons," making the
comparison more realistic (2008, para. 2). His final conclusion is that further studies are necessary
to determine whether the proponents of privatization are fundamentally correct in their

Financial Reporting : Private And Public Accounting
Private Company Financial Reporting
Background Information Private and public accounting have long been discussed and disputed in
regards to financial reporting. Since the Financial Accounting Standards Board (FASB) was created
in 1973, accountants have called for different accounting regulations for private and public
accounting sectors, as private companies do not have the resources to meet the complex
requirements of public companies. Private companies currently are not required by law to issue
annual or quarterly financial statements. Private companies do, however, have the option to apply
the U.S. Generally Accepted Accounting Principles (GAAP), cash basis, or accrual accounting to
their financial statements (James, 2012). When the FASB was created it had a mission statement "to
establish and improve standards of financial accounting and reporting that foster financial reporting
by nongovernmental entities that provides decision–useful information to investors and other users
of financial reports" (James, 2012). FABS was created as the financial accounting and reporting
rules for both private and public companies. However, since financial reporting was so complex,
there were other accounting organizations within FASB that stepped in to assist with creating
different accounting policies and procedures for financial reporting. The Financial Accounting
Foundation (FAF), through FASB, and the Governmental Accounting Standards Board (GASB)
assisted in developing

Is Huawei A Bad Reputation For Cyber Espionage? Essay
Despite such a progressive and deep–rooted reputation Huawei is currently facing political scrutiny
regarding security concerns, a prevalent factor in the reasons for its limited economical growth in
the US. Failure to acquire 3com led to Huawei not landing any major US contracts. This seems to be
having a small domino effect in other countries also, examples being UK government offices
scrapping all Huawei video intercom devices and even going so far as to review a UK cyber security
centre run by Huawei, also, India's state owned BSNL dropping Huawei from it's suppliers after
being advised by India's own intelligence bureau, stating that Huawei can not be trusted with it's
sensitive telecom expansion. Similarly, Australian defence and intelligence organizations
successfully advised the Australian government to ban Huawei from participating in it's $38 billion
NBN (National Broadband Network). After suspicion arose from the US regarding Huawei's (and
other major Chinese companies) ties to the Chinese government and several cyber–attacks being
linked back to China, China has developed a bad reputation for cyber espionage. As such, US
officials have stated that the use of Huawei's hardware within US government buildings could make
it very easy to spy on the US government, Michigan politician Mike Rogers even stated that China
is known to be a major perpetrator of cyber espionage, and that Chinese companies could not be
trusted with access to computer terminals and networks

Same Risks Of Private Vs Public
Same risks in private versus public? Although subtle, differences do exist between publicly traded
company and privately held companies. Public companies use the compensation plans as a tool to
deliver the "right" amount of compensation such that it does not lead to unwanted scrutiny, whereas
private companies wish to drive value creation. This difference reflects a distinction in the
incentives and constraint of their governance structure. Indeed, the board of directors of public
companies is composed primarily of independent directors, whose purpose is to care about
shareholder value. In private companies, the board consists essentially of individuals with
significant ownership. Hence, they have a personal stake in the performance of their company.
Indeed, all decisions taken by private companies are most likely evaluated in terms of its expected
impact on the company's progress toward value creation; that includes, how they access
information, track and review performance, and evaluate and reward performance. Furthermore,
directors in private companies do not spend time worrying about what outsiders may think about
their executive compensation package. Hence, they are free to design and implement performance
measures and compensation plans based on what makes sense to them. However, private companies
lack trading share, therefore it cannot be offered as a reward to the employees. In contrast, public
companies are closely regulated and are under public scrutiny. In

Research Paper On Ipreo
Eric Pan
Matthew Wong, Ph.D FIN 4399
Internship Paper The institution that I have interned within the semester of spring 2015 is Ipreo.
Ipreo is an international leader in providing market intelligence data and technology solutions to
public and private companies, banks, and investors. Their products and services help their clients
make better investment decisions with the proper tools and information. Ipreo is a growing company
that is currently a division owned by Goldman Sachs and Blackstone and with over 800 employees
and growing while their client base is increasing all over the world but I am located in the Lower
Manhattan office next to Wall Street. Ipreo is a privately held company so financial information
such as revenues and profits are undisclosed. Due to Ipreo's wide range of products and services,
there are many competitors. Also, this is the reason why it has a competitive advantage. Ipreo's
competitors are companies such as Advent Software, INDATA, and Copp Clark Limited. Some
more notable top competitors are McGraw Hill Financial Inc, Bloomberg, and Dealogic LTD. With
many companies and even larger institutions having similar products and services, Ipreo ... Show
more content on Helpwriting.net ...
Each division serves a different purpose. Capital Markets department focuses on equity, fixed
income, municipal, and loans. Capital Market uses premier new issuance systems with data to
enable clients to execute deals more efficiently that will increase and get more out of their time and
money. New issuance software includes bookbuilding system, roadshows and conference
management, and electronic document delivery. All the applications are web based so this provides
clients with smooth access to important data. Also under capital markets, investor prospecting
solutions provide the most accurate and comprehensive institutional contact and profiles within the

Corporate Governance Of Listed Companies
Corporate Governance of Listed Private Companies' Board of Directors in China
Abstract
This paper investigated the corporate governance of Board of Directors of listed companies in
China. As the research results shows that, the governance of the board in China plays a critical roles
for the listed firms corporate performance. This paper discusses the board features including board
size, board meetings frequency, board independence, and the leadership structure of the board in
china in relationship with the corporate performance. For the corporate performance, I am using the
return on equity (ROE) and Earnings per share (EPS) as the proxy for the corporate performance.
Based on my analysis and previous research, it verifies that the size ... Show more content on
Helpwriting.net ...
However, China, as a government enterprise focused country whose percentage of government held
enterprises are over fifty percent for half of the century. The most of the research has been done are
more focused on the government owned corporation. In addition, compared to the government held
corporation, the size private enterprise is smaller and with the limited resources for the private held
entity, it is easily to cause the information asymmetry. The outside shareholders are more easily to
be at a disadvantage. Therefore it is critical to understand the relationships between the board
characters and the corporate performance. Based on my research, most of the papers for the Chinese
corporate performance are more focused on the executive compensation, and little research has been
done for the relationship between the board of directors and the corporate performance. Therefore,
to be able to better understanding the relationship and to better control the private held entity, this
paper will discuss with it.
Discovery of Papers in this Area
For this paper, I first looked at some of the research that has been done for North America and
finding some of the measures that they are using for the proxy. Most of the researchers will
investigate the Chinese corporate performance governance based on two main reasons which are
executive compensation and the board of directors character associated with it.

Sarbanes Oxley : How It Impacts Companies On Accounting...
Collin Skodinski & Jeffrey Whitmer Prof. Pathak Final Project November 24, 2014 Sarbanes–
Oxley: How it Impacts Companies on Accounting Software Decisions What do you think of when
you hear these three names: Enron, Tyco, and Worldcom? Most people nowadays would say that
they think of massive corporate corruption, accounting and investor fraud, corporate collapse, and
extensive trials and jail time for corporate officials. At the dawn of the new millennium, the leaders
of these three corporations, along with dozens of others, committed massive financial fraud against
their investors, employees, and the rest of their stakeholders. In response to these incidents and to
help answer the public's outcry for justice, the United States Congress ... Show more content on
Helpwriting.net ...
All of these packages provide a wide range of different features and options that a business should
take into account before making a decision on which package to use, but the most important is that
it makes the organization SOX complaint. This report will go over the Sarbanes–Oxley Act of 2002
as wells as compare and contrast various software packages to determine which ones will make an
organization the most compliant with SOX. The Sarbanes–Oxley Act of 2002 in the most general
terms is a law passed by the United States Congress to help stop publicly traded corporations and
their leaders from committing accounting and financial fraud. The act is made up of various sections
but we will go into detail only about a few of them including Section 302, Section 404, Section 409,
and section 802 which deal directly with IT (Brown, 2005, 313). Section 302 deals directly with the
officers of a company and requires them to "make representations related to the disclosure of
internals controls, procedures, and assurance from fraud (Brown, 2005, 313)." In other words,
companies will be required to have their CEOs and CFOs sign off on all publicly made financial
statements. Also, in a recent survey "44 percent of the companies will require the CIO to certify
financial results under SOX compliance (Brown, 2005, 313)." This certification will include the
CIO signing a statement attesting to the accuracy of the financial statements as well as the
effectiveness of

Express Employment Professionals
Overview Express Employment Professionals is a privately held staffing company which offers a
wide range of employment solutions. In 1983, Robert A. Funk, William H. Stoller, and James Gray,
the founders of Express, created the successful business it is today. The founders were able to do so
by taking the opportunity to purchase and operate Acme Personnel, a Washington–based staffing
company that dissolved when the owner passed ("Company overview"). With 675 offices in United
States, Canada, and South Africa, and with the common desire to help people succeed from its staff
and founders to the franchisees, Express has successfully penetrated the job market in helping
individuals enter into the workforce. According to Monies (2014), last year, Express helped more
than 395,000 people find work, which was up from 367,000 in 2012. Express's dedication to finding
candidates for companies and getting individuals into the workforce, has given Express the
competitive edge to continue its growth and success in the staffing industry. Organizational Mission
In order for any organization to be successful, they must be able to establish a purpose. Each and
every organization must carry out this mission through its business operations and executed through
all stakeholders actions. According to Radtke (1998), "A good mission statement should accurately
explain why an organization exists and what it hopes to achieve in the future. It articulates the
organization's essential nature, its

The Use Of Mantras And Luce County Ambulance Services Essay
2a. Mantras has been in business for thirty years, staffs 75 people, has 18 vehicles, includes an
ambulance service, transport service, takes low level 9–1–1 calls and more. Sarah can benchmark
Mantras against Edwardsburg Ambulance Services. Edwardsburg Ambulance Services provides
emergency medical services to the people of Edwardsburg, Michigan. They respond to medical
emergencies and provide a transfer service that transports patients from hospitals, nursing homes,
rehab facilities or similar facilities for medical care. Furthermore, it transports patients to and from
their home and medical facilities. Furthermore, Sarah can use Luce County Ambulance Services to
benchmark Mantras. Luce County Ambulance Services has operated for 40 years in Michigan. Luce
County Ambulance Service has 35 licensed volunteers, 12 paramedics, about 7 vehicles and 5
snowmobile rescues. They transport patients from hospital to other hospitals for advanced care. 2b.
We used Luce County Ambulance Services in this report to benchmark Mantras due to the
availability of their financial information online. Appendix 1 shows six financial ratios to compare
Mantras and Luce County Ambulance Services. The financial information available for Luce
County Ambulance is for December 31, 2013 year–end. We determined that the was no significant
economic or industry changes that would create a major difference between benchmarking Mantras
2014 and Luce County 2013. Looking at the current and quick ratios, we see

Essay on Identification and Matrix Analysis of an...
Introduction "Cargill is an international marketer, processor and distributor of agricultural, food,
financial and industrial products and services." (Kneen, 2002, p. 1) Cargill is one of the leading
global companies today in the food and agricultural industries (MarketWatch, 2010). Cargill was
established in 1865 and has since grown to employe 142,000 employees in 67 countries and is
currently the largest privately held company in the US (Cargill: Our History, 2014). Because Cargill
is such a massive company this paper will focus of the food ingredients systems platform better
known as FIS (pronounced fizz) within the company. According to Armstrong (2012), a SWOT
analysis is one of the most analytical used tools. He explains that this ... Show more content on
Helpwriting.net ...
4. Strong R&D department. Cargill had a very strong research and development department. A
shining example of the fruits that have emerged from Cargill's R&D is Truvia. Truvia was the
world's first available "no–calorie sugar substitute" that had origins from a plant (Paynter, 2011).
Cargill is the company that first came out with this product made from the stevia plant. The
company employes 1,3000 R&D professionals that includes chemists, microbiologists to
nutritionists (Cargill: R&D People, 2014). 5. Privately held company. Cargill, being a privately held
company only answers to the family shareholders who own it. In a public company there are
typically hundreds of shareholders all whom get to vote, Cargill only has the family members and
ESOP shares to contend with. Having a long–term vision is also much easier when a company is
privately held. 6.Customized solutions. Cargill offers customized solutions to its' customers.
Because there is such a high focus on R&D Cargill is able to develop "differentiated and customized
products" for customers. By offering these solutions Cargill have a competitive advantage which
can be seen through customer loyalty and satisfaction (SWOT Analysis, 2007). 7. Supply chain
efficiency. Cargill's supply chain shows a highly efficient performance. There are few other
companies in the world

The Issue Of Accounting For Goodwill
The issue of accounting for goodwill has commonly been an area of debate between private and
public companies. As the PCC conducted research on the matter they found that many private
company stakeholders indicated that the benefits of accounting for goodwill under the traditional
GAAP method was worth the associated cost of doing so. The private company financial statement
users found that little decision–useful information resulted from the expensive accounting method of
goodwill. Many who analyze private companies disregard goodwill when determining the
performance and financial condition of private companies. In a survey of financial statement
preparers it was found that they did not believe that previous rules for private companies regarding
goodwill recognition were inadequate and did not save much cost to these smaller private
companies. (Lange, 1) In the amendment created by the influence of the PCC, privately held
companies have an optional election for an alternative measure of goodwill. The formal explanation
of the amendment is as follows: "An entity within the scope of the amendments that elects the
accounting alternative in this Update should amortize goodwill on a straight–line basis over ten
years, or less than ten years if the entity demonstrates that another useful life is more appropriate
(Lange, 2)." US GAAP which pertains to public companies requires that goodwill be tested annually
for impairment or in some cases more frequently. In addition,

The Value Of A Company Ipo
It is not uncommon to see private companies valued as high as 100 times revenue in late stage
funding. Unicorns, which have become synonymous with tech companies valued over $1 billion, are
now receiving blowback after former Silicon Valley darlings lost their luster on the public market.
Just this past year a number of companies and boundless unicorns saw their values slashed leading
up to going public. Prior its IPO, Square was valued in the private markets around $6 billion. As we
know the payment company IPO'd at just about half its private value and has watched the stock
plunge over 30% in its relative short existence .
Unfortunately, determining value can be difficult with the recent glut of hyper growth start ups.
Valuing a private or public company follow similar mathematical procedures, but private companies
often do not disclose key financial information. That said, the mind boggling valuations over the
past 5 years are more indicative of the markets than the true value of the company itself.
Process of Valuing Companies
Many of the techniques used to value private companies are not that different from public
companies. The simplest method to valuing a private company is to use comparable company
analysis and estimate discounted cash flow. Comparable company analysis uses actual transaction
multiples and premiums paid in comparable transactions to value target private company. This
approach observes transactions with similar attributes such as, industry

Private Prisons Are Becoming A Cash Cow For A Lot Of Mega...
Private prisons are becoming a cash cow for a lot of Mega Corporations for big business. At one
time in American penal system operated at dangerous criminal needed to be put under lock and key
in order to protect society. Now and days many of our states are trying to save money so that's why
private prisons have been the answer to a lot of these states. We as a country are moving to that
direction because it's easier on states. With public prisons overcrowded the move for states to
privatize prisons. The big push for this is state's provide security, housing, food, medical care, etc.,
for six million Americans. Which has been a hardship for cash–strapped states, to profit–hungry
corporations such as Corrections Corp of America (CCA) and GEO Group, the leaders in the
partnership corrections industry that have found a $70 billion dollar gold mine. The situation in the
United States is different because the states each have their own criminal codes and a more
extensive penal system. Each state must decide its position on the matter of privatization. Because
of this, there are no available figures on the extent of privatization in terms of contracts for services.
Joel (as cited by John Howard Society, 1994) noted that all but nine states have contracted out for
miscellaneous services to varying degrees. Department of Correction lacks both a sufficient number
of beds to house total inmate population and an adequate system of high security beds to manage
high–risk population

BUS599 ASSIGNMENT 1 SOX Essay
ASSIGNMENT 1 IMPACT OF THE SARBANES–OXLEY ACT (SOX) Submit to: Outline three
(3) ways in which your medium–sized private company may benefit from going public, providing a
rationale for each. Supporters of companies going public suggest that gaining additional capital is
one of the benefits medium sized companies gain by going public. The rationale for going public is
to float the shares of the company through the stock market by starting an initial public offer (IPO)
inviting the public to purchase its shares and raise additional capital. Once the company has met all
of the requirements for filing Security Stock and Exchange (SEC) they are in compliance with SOX.
Under SOX section 404, requires ... Show more content on Helpwriting.net ...
It would be advisable for such a company to generate expansion funds by going public since this
increases the equity ratio and reduces the debt and liquidity ratios (Alrafadi, & Md–Yusuf, 2011).
Activity ratio assesses the ability of the company to convert its assets to cash. When activity ratio is
high, the company should go public since it already has liquid cash and needs to save up more of its
finances through the floating of shares compared to borrowing cash. Profitability ratios assess the
measures that organizations will use in making money. It mainly assesses the profitability of a
company against the earnings ratio, and when this ratio is low, the company needs to remain private
then go public since its profitability will not attract any investors (Alrafadi, & Md–Yusuf, 2011).
Debt ratio is aimed at assessing what amount of the company capital structure constitutes debt
capital. Where the company has a lower debt ratio, it means that it has more of equity than debt,
which is a good state in a company. In this case, the company can borrow debt capital or go public
to gain more funds as it has a strong debt ratio. That it is essential to analyze the financial ratios of a
company prior to deciding, whether to obtain more funds by going public (Alrafadi, & Md–Yusuf,
2011). By researching, the results of SOX compliance surveys assess the financial impact that SOX
might have on your company if it decides to go public. Considering the impact SOX

Difference Between Managerial Accounting And Financial...
Alston Manufacturing has very unique products, but none of the various owners throughout this
case place enough emphasis on the key success factors to creating valuable products. These key
factors are cost and efficiency, quality, time, and innovation (Datar, Horngren, & Rajan, 2012). The
original owners of Alston along with Jeff, the second owner, fail to place enough importance on the
cost and efficiency of operations. Joe, who purchased the right to produce a product Alston could
not produce efficiently, also exhibited some of the same issues. To be specific, he failed to realize
the importance of cost, efficiency and the quality of his product as well. The case of Alston
Manufacturing illustrates how damaging it can be to a company when information presented does
not remain true to the conceptual framework of accounting. This paper will discuss all of the various
owners, their key decisions, and how those decisions affected others. Before we discuss this in
further detail, it is important to explain the difference between managerial accounting and financial
accounting, as both will be used explain information relevant to Alston. "Managerial accounting
measures, analyzes, and reports financial and nonfinancial information that helps managers make
decisions to fulfill the goals of an organization." (Datar, Horngren, & Rajan, 2012, p. 4) It is a type
of accounting that helps managers decrease costs, improve processes, and increase profit. Financial
accounting's goal is much

Boca Raton Interview
During the interview process from my last professionally held position, I felt an air of trepidation,
despite several promising interviews at progressively higher levels of the organization. Whether it
was the psychological examination, drug screening or the arrogantly conducted technical interview
by a Mensa wannabe from their accounting firm, Ernst & Young, something felt amiss. Was there an
undertow severe enough to warrant concern? Perhaps, but nebulous qualitative measures offer such
incredibly difficult phenomena to wrap one's head around. Could the haste to leave my current
situation for an executive position have obscured otherwise sound judgment amassed through
tenures in the Fortune 500, several major research institutions and ... Show more content on
Helpwriting.net ...
And while anecdotal here, Kerry Heitz, a professional colleague preparing to exit after many years
had been the epicenter of the leak and the unfolding firestorm in this tale of woe. It turns out that
during a casual conversation with Christine over coffee, Kerry decided to seize the moment in this
parallel universe. Being one of those trusted fiduciaries, he saw a pattern of significant abuses and
took the unprecedented opportunity to propose linking executive bonuses to financial performance.
Whether it was naivety or just trying to do right by the company, he should have realized that
Christine had been kept uninformed by design. In any event, it didn't take long before Kerry realized
the error of his ways as the topic of that conversation eventually made its way back to Bill where it
was not favorably received

Swot Analysis Of ' Quick Trip ' Essay
Analysis of Quick Trip QuikTrip (QT) Corporation is a privately held company established in 1958
that specializes in convenience stores that service Western states. Through analysis of QuikTrip's
operating environment, we identified and evaluated opportunities the company can change or
pursue. This analysis was accomplished utilizing a strengths weaknesses, opportunities and threats
(SWOT) analysis ensure a systematic evaluation is conducted. The mission of QuikTrip is to be the
dominant convenience/gasoline retailer in each market in which it operates ("About QT," 2016).
QuikTrip 's strategy to accomplish this mission is focused on locating stores at key high–volume
locations rather than the number of sites. In other words, extensive market research is conducted to
determine the best locations with high traffic volume, rather than opening as many stores as it can.
Within the regions in which QuikTrip operates, the company does not factor in whether or not the
location they are evaluating has competitors. Instead, the company counts on the service and value it
offers to enable QuikTrip to corner the market at each location it selects. The business model has
worked well for QuikTrip. Fortune magazine ranked QuikTrip on its list of "Best Companies to
Work For" every year for the last 14 years ("About QT," 2016). Using its founder 's strategy of
expanding to high–volume locations rather than just expanding into new territories, QuikTrip grew
from a single store,

Case Study : Gore And Associates
W.L. Gore and Associates is a privately owned company which has continually turned a profit over
its 50 plus year history. This Company's management was designed on a lattice based structure, with
no management layers or organizational charts. W.L. gore has leaders not bosses and for new hires it
has sponsors. They believe in commitments instead of assignments and create and environment in
which employees are free to experiment and is energizing and demanding. Even through this
companies growth they have maintains a sense of unity and collegiality. W.L Gore is clearly a
company which will continue on into the future because they have unlocked the fundamentals to
management innovation.
Briefly describe the organization.
W. L. Gore & Associates is a privately held company with yearly sales of more than $3 billion that
has made a name for its self by creating innovative and technology–driven solutions, from medical
devices that treat aneurysms to high–performance Gore‑Tex fabrics. "W. L Gore is committed to
perpetuating its 50–plus year tradition of product innovation" and "focuses its efforts in the four
main areas of: electronics, fabrics, industrial and medical products" (W. L. Gore & Associates, Inc,
nd.). "Today, Gore employs more than 10,000 employees, called associates, with manufacturing
facilities in the United States, Germany, the United Kingdom, Japan and China, and sales offices
around the world" (W. L. Gore & Associates, Inc, nd.). W.L. gore is a company

The Sec 's Influence On Auditing A Private Company And The...
Smackey Dog Inc. Project
ACCT555: External Auditing
Doctor Khaled
By Lisa Cimmino Introduction The purpose of this paper is to discuss the SEC's influence on
auditing a private company and the essential activities involved in the initial planning of an audit.
Next the discussion will delve into four stages of the audit and tasks performed by the auditors as
well as internal control findings and various aspects of the audit.
SEC influence on auditing private companies Smackey Dog Foods, Inc. is a privately held
corporation and not required to follow guidelines set forth by the American Institute of Certified
Public Accountants. Keller CPA's follow American Institute of Certified Public Accountants
(AICPA) guidelines for private or public companies. Generally Accepted Auditing Standards
(GAAS) governs audits for privately held companies. Smackey Dog's bank is requesting audited
financial statements to meet loan requirements and Generally Accepted Accounting Practices
(GAAP). It is in Smackey Dog's best interest, despite the fact that they are private, to obtain audited
financials as referenced next "private companies that wish to obtain equity capital infusions beyond
a closely held base must forego this option, because outside investors are unlikely to invest without
the level of assurance that an audit brings" (O'Hara, Paragraph 10).
Essential activities involved in the initial planning of an audit
Study Smackey Dog's industry and business by completing

Case App1
Answers for Case Application 1 1. How does Amy's Ice Cream differ from a publicly held in
corporation? The reason why Amy's Ice Cream differs from a held in corporation is a privately held
corporation formed in 1984 with 22 family members and friends as shareholders. _Company
members which does not offer or trade its company stock (shares) to the general public on the stock
market exchanges, but rather the company's stock is offered, owned and traded or exchanged
privately. _The corporation generally has fewer or less comprehensive reporting requirements for
transparency, via annual reports, etc. than do publicly traded companies. _ By not being required to
disclose details about their operations and ... Show more content on Helpwriting.net ...
_I think Amy's Ice Cream is working really well because Miller's nine ice cream shops sell super
premium flavors worth more than $3.9 million each year. My suggestions are: _ Miller should do
both direct advertising as well as indirect advertising – charities. _ She should also expand the
investment in capital by lend from the bank

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