Generational accounting

Executive summary The assignment discusses corporate governance in reference to the Libor scandal. The Libor scandal included most of the biggest banks in the world at the lack of good corporate governance. The scandal revealed the flaws and corruption in the banking system, this has left thousands of people questioning if whether the banking system can be trusted? Introduction Discussed in this assignment in great detail below…

The Company AIG was a company that had risen to the top through unethical procedures and acts. The company became a big financial giant in the insurance industry and later added the subprime mortgages to its portfolio that increased its profits into the billions. The company cut corners by aggressively lobbying for laws and rulings that would go in their favor (Thorne, Ferrell, & Ferrell, 2011). They came under investigation by the SEC because they thought they were reporting profits wrong.…

(2) Human resource activities that MNCs must face on international assignment According to paragraph (1), there are so many differences between international human resource management and domestic human resource management. Comparing HR activities between IHRM and DHRM, there is very less in similarities and so many differences. Among these differences, we will discussing two HR activities (1) staffing and (2) compensation and benefits for highlighting HR activities only need for IHRM and not…

world. Enron portrayed to be a profitable and unshakable company. However it later came to light that the majority of Enron's earnings were largely made of paper profit. The masters behind this scheme were traders and executives who executed expert accounting skills. Enron could no longer hide its deep debt when information of their actions surfaced. They had no choice…

Overview Fraud has become common occurrence in business world. And organizations lose considerable chunk of their hard-earned revenue to fraud. Prevention and Detection are two methodologies to handle a white-collar crime like business fraud. Wisest approach towards any illegal and inappropriate activity is to prevent it from occurring in first place. Prevention is the most economical way of tackling fraud. Barriers to Fraud Prevention Fraud prevention is challenged by several barriers which…

Three main manufacturing processes exist; formative, subtractive and additive processes. These manufacturing processes can be divided by the type of action or actions required to produce the final part. Formative processes form the material into the desired shape, either by using dies or moulds. Examples of formative processes are stamping, forging, drawing, rolling or extruding. Subtractive processes on the other hand remove layers of material to form the final part. Turning, milling, grinding,…

In the case scenario, Mr. Wu is a 55 years old accountant. He had sudden onset of left sided weakness and drooling. So he was admitted to the Accident & Emergency Department. After CT brain scan, Mr. Wu was found suffering from right middle cerebral artery ischaemic infarct. He was then transferred to the stroke unit for further management. Several health needs are identified after conducting health assessment to Mr. Wu. Left-side weakness and urinary incontinence are selected for…

According to Williamson, “A transaction occurs when a good or service is transferred across a technologically separable interface. One stage of activity terminates and another begins.” Transaction costs appear whenever there is “friction” at the point of interface. In other words, Transaction Cost Economics focuses on the organization of transactions that occur whenever a good or service is transferred from a provider to a user across a technologically separable interface. When transactions…

This report was commissioned to examine a decision regarding the number of shirts to produce for the rock concert, scheduled to be staged in two months and calculate the financial outcomes while maximizing the profit. The research draws attention to two uncertain events, Mr. George Lassiter faced. Firstly Mr. Lassiter has no idea in the number of people attending the concert and secondly about the percentage of attendees who would buy his shirts. George Lassiter is a project engineer for a…

The company I have chosen to write my case analysis on is the Hostess Brands. Hostess Brands is known for its iconic baked goods like Twinkies and Wonder Bread. In 2012, Hostess Brands sought bankruptcy in Federal Court due to labor issues and company costs. Hostess’ long history and product brand was coming to an end, due to hard choices the company had to make and the demands of the union. It was a situation that brought about the collapse of a long-standing company amidst the protests of…