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BUKIDNON STATE UNIVERSITY
Malaybalay City, Bukidnon 8700
Tel (088) 813-5661 to 5663; Telefax (088) 813-2717, www.buksu.edu.ph
Accountancy Education (AE) 10:
GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
Understanding the
Strategic Intent
VISION AND MISSION
VISION
A Vision Statement
outlines what a company
wants to be in the future
or it describes the desired
future position of the
company.
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION
MISSION
Mission
Statement
describes what a
company wants to do
now
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION - EXAMPLES
FACEBOOK
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION - EXAMPLES
INSTAGRAM
BukSU MMBM: MM 204 - Managerial Accounting and Control
VISION AND MISSION - EXAMPLES
GOOGLE
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION - EXAMPLES
MICROSOFT
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION - EXAMPLES
SAMSUNG
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION - EXAMPLES
APPLE
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION - EXAMPLES
TESLA
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
VISION AND MISSION - EXAMPLES
SPACE X
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
BUKIDNON STATE UNIVERSITY
VISION
A premier institution of innovative and ethical leaders for sustainable development.
MISSION
The University shall primarily provide advanced education, higher technological,
professional instruction and training in the fields of education, arts and sciences,
public administration, information technology, accountancy, law and other relevant
fields of study. It shall also promote research and extension service, and provide
progressive leadership in its areas of specialization.
(Section2, Republic Act 9456)
QUALITY POLICY
Bukidnon State University is committed to produce globally competitive and
responsible graduates through excellent instruction, responsive research,
sustainable extension, and quality production for the highest satisfaction of its
stakeholders.
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
CORE VALUES
Excellence Professionalism Integrity
Commitment Culture-sensitivity
Vision, Mission Goals and Objectives
A Goal is a broad primary
outcome:
Examples:
Organized Planning. ...
Organized Scheduling. ...
General Organizing Skills. ...
Coordinating Resources. ...
Meeting Deadlines. ...
Time Management…
Etc…
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
Vision, Mission Goals and Objectives
Objectives are specific target
(SMART):
S - Simple
M - Measurable
A - Achievable/Attainable
R - Relevant/Responsive
T - Time-bounded
Example:
To be able to earn Php1,000,000 net profit in
one year.
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
Unit (Individual) Objectives:
A specific result that a unit or a
person aims to achieve within a time
frame and with available resources. In
general, these are more specific and
easier to measure. These are basic
tools that underlie all planning and
strategic activities.
Example: OPCRs and IPCRs
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
Vision, Mission Goals and Objectives
Objectives-Unit or Individual
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
Plans are
detailed activities/
proposals for doing or
achieving something.
Usually this includes
strategies/initiatives
Budget-a detailed
plan expressed in
figures (amounts,
numbers, etc.)
PLANS
Plans:
Short Term:
Quarterly, Semi-Annually,
Annually (breakdown of
long-term plan)
Long Term:
Five years, Ten Years, or
longer
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
AE 10 - GOVERNANCE, BUSINESS ETHICS,
RISK MANAGEMENT & INTERNAL CONTROL
End………

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AE10 Introduction.pdf

  • 1. BUKIDNON STATE UNIVERSITY Malaybalay City, Bukidnon 8700 Tel (088) 813-5661 to 5663; Telefax (088) 813-2717, www.buksu.edu.ph
  • 2. Accountancy Education (AE) 10: GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 3.
  • 4. AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL Understanding the Strategic Intent
  • 5.
  • 6.
  • 7. VISION AND MISSION VISION A Vision Statement outlines what a company wants to be in the future or it describes the desired future position of the company. AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 8. VISION AND MISSION MISSION Mission Statement describes what a company wants to do now AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 9. VISION AND MISSION - EXAMPLES FACEBOOK AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 10. VISION AND MISSION - EXAMPLES INSTAGRAM BukSU MMBM: MM 204 - Managerial Accounting and Control
  • 11. VISION AND MISSION - EXAMPLES GOOGLE AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 12. VISION AND MISSION - EXAMPLES MICROSOFT AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 13. VISION AND MISSION - EXAMPLES SAMSUNG AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 14. VISION AND MISSION - EXAMPLES APPLE AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 15. VISION AND MISSION - EXAMPLES TESLA AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 16. VISION AND MISSION - EXAMPLES SPACE X AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 17. BUKIDNON STATE UNIVERSITY VISION A premier institution of innovative and ethical leaders for sustainable development. MISSION The University shall primarily provide advanced education, higher technological, professional instruction and training in the fields of education, arts and sciences, public administration, information technology, accountancy, law and other relevant fields of study. It shall also promote research and extension service, and provide progressive leadership in its areas of specialization. (Section2, Republic Act 9456) QUALITY POLICY Bukidnon State University is committed to produce globally competitive and responsible graduates through excellent instruction, responsive research, sustainable extension, and quality production for the highest satisfaction of its stakeholders. AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 18. CORE VALUES Excellence Professionalism Integrity Commitment Culture-sensitivity
  • 19. Vision, Mission Goals and Objectives A Goal is a broad primary outcome: Examples: Organized Planning. ... Organized Scheduling. ... General Organizing Skills. ... Coordinating Resources. ... Meeting Deadlines. ... Time Management… Etc… AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 20. Vision, Mission Goals and Objectives Objectives are specific target (SMART): S - Simple M - Measurable A - Achievable/Attainable R - Relevant/Responsive T - Time-bounded Example: To be able to earn Php1,000,000 net profit in one year. AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 21. Unit (Individual) Objectives: A specific result that a unit or a person aims to achieve within a time frame and with available resources. In general, these are more specific and easier to measure. These are basic tools that underlie all planning and strategic activities. Example: OPCRs and IPCRs AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL Vision, Mission Goals and Objectives
  • 22. Objectives-Unit or Individual AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 23. Plans are detailed activities/ proposals for doing or achieving something. Usually this includes strategies/initiatives Budget-a detailed plan expressed in figures (amounts, numbers, etc.) PLANS Plans: Short Term: Quarterly, Semi-Annually, Annually (breakdown of long-term plan) Long Term: Five years, Ten Years, or longer AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL
  • 24. GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL AE 10 - GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT & INTERNAL CONTROL