International Financial Reporting Standards

BU5026 - Individual professional reflective review Company role My future role in the workforce would be the one of a project manager in an energy company, involved in either renewable or oil & gas. Therefore, I would be in charge of new project developments and monitoring the progress of these projects - such as delivering results and updates to the top management. This role will include different areas of accounting and finance, from which four areas will be discussed in this assignment.…

responsible and supporting the communities in which it operates. BHP Billiton is a registered Organizational Stakeholder of the Global Reporting Initiative (GRI). BHP Billiton practices its sustainability initiatives around the four major areas: 1. Minimizing environmental incidents resulting out of any of its operations 2. Maintaining greenhouse gas emissions below Financial Year 2006 levels while continuing to grow their operations 3. Having systems in place to develop dedicated management…

resolve the financial difficulties. The Fund is operating through the Norges Bank as an investment bank that enables Norway to generate high level of income independent from non-renawable sources. According to Jafarov, et al (2007), The Fund was established as a tool to support prudent management of Norway’s petroleum wealth. One purpose is to shield the non-oil economy from price fluctuations. The Fund is also a long-term savings instrument. It will help to cope with future financial…

Corruption is one of the obstacles constraining the economic and social prosperity in Kosovo (Mehmedi, 2012). In corruption funds are diverted from its initial goal and therefore fields like poverty, inequality, economic growth, the health sector, infrastructure and the education sector are affected severly (Abbink, 2012). The distribution of spending that was going to be payed to workers on this fields, tool and technology, new roads and social service are now being placed somewhere else. It…

Introduction Any law is a standard determined by the governing power for the benefit and good operations of its society. Any abuse of that law is bound to create social unrest and resistance, exactly the opposite of the effect that the law is intended to achieve. Hence, maintaining confidence in the exercise of a law as part of law enforcement in an increasingly blurred environment between law enforcement, security and intelligence relies on appropriate controls. The exercise of any intrusive…

New era of Sanoma Group As a leading European media and learning company, the Sanoma Group is facing many economic, social and technological challenges, such as financial and management problems, lack of right communication channels in the organisation, declining sales, and the switch from traditional to digital media channels. These problems lead to the initiation of a new strategy which concentrates on creating an innovation focused organisation structure and entrepreneurial environment in…

The start of Enron was created between two companies coming together as one. Houston Natural Gas and InterNorth. Houston Natural Gas was formed in the 1920s from the Houston Oil Company. InterNorth began in 1930 as Northern Natural Gas Company in Omaha, Nebraska. InterNorth was one of the nations premier pipeline networks and bought out Houston Natural Gas in May of 1985 for 2.4 billion dollars. The New company name was know as HNG-InterNorth with a new CEO named Kenneth Lay who then renamed…

1. Analyzing and Evaluating the Implications of the General Ecosystem and Competitive Environment No business operates in isolation and they are all part of an ecosystem coupled with a network of organizations which includes distributors, suppliers, customers, competitors, stakeholders, etc. (Pitt & Koufopoulos, 2012) General External Ecosystem Analysis Interacting in this external world creates challenges for a business and a need for flexibility and adaptability to maintain survival and…

Baring bank was a England merchant bank based in London, and the second oldest bank in the world after Berenberg bank. Barings is one of the most reputable financial institutions in all of the United Kingdom. Baring bank was founded in 1762, Founded in 1762 by the Dutch Johann Baring, who had immigrated to England, Barings formed part of the countryʼs history. Even the Queen of England was among its clients. However, the bank suffered a fall in 1995 after experiencing a loss of £827 million…

program that support Starbucks Mission and helps to protect the culture and the reputation so they need to help they partners to make ethical decisions so they provide resources. The program has been improved and distributes materials, including the standards of business conduct; ease legal ethics and compliance training; search for critical issues such as potential struggle of interest; and adding channels for their partners to voice concerns. Partners are supported to report all types of…