More handpicked essays just for you.
Importance of ethics in business and ethical decision making
The importance of ethics in business
Importance of ethics in business and ethical decision making
Don’t take our word for it - see why 10 million students trust us with their essay needs.
A financial audit is an independent, objective evaluation of an organization 's financial reports and financial reporting processes. The primary purpose for financial audits is to give stakeholders reasonable assurance that financial statements are accurate and complete. Most internal audits are not adding value. One reason is that “ongoing compliance burdens and pressure to do more with less” is contributing to the decline in perceived internal audit value.
1 What is Outrigger Hotels and Resorts’ strategic position? What are the firm’s Critical Success Factors (CSF)? Outrigger Hotels and Resorts are currently using geographical and product diversification strategy. The firm expend their firm around Pacific Ocean and diversify its product portfolio by adding condominiums resorts and OHANA hotels.
The report should always maintain a professional manner and not contain any opinion or statements that aren’t facts. The report itself should be written to address the court. All experts’ reports must contain the statements of truth. This must not be changed and stay exactly how it was given. “ I confirm that I have made clear which facts and matters referred to in this report are within my own knowledge and which are not.
Dillard’s Financial Statement Analysis Report By: Henry Gould, Elise Howard, Jackson Chase, David Kloucek. Dillard’s is a large-scale apparel, cosmetic, and fashion retailer located largely in the US. The company prides itself on keeping up with the latest trends and fashion, partnering with exclusive brands such as GB, Roundtree & Yorke, and Daniel Cremieux, bolstering its credibility and popularity within the southern and central US. Known for their affordable prices, large inventory, and omnipresent brick-and-mortar locations, Dillard’s has become a staple among many families looking for a one-stop shop for high-quality clothes and accessories for all. Dillard’s is a part of the fashion industry, which is heavily influenced by changes in
In her essay, “In Praise of Chain Stores”, Virginia Postrel hails the progressiveness of chain stores and counters arguments made against them. As a frequent shopper in my city, I have experienced the benefits of chain stores and how they affect the locals that shop in them. I believe that chain stores have not turned Augusta into a boring city because they are familiar even to those new to the area, they have a high standard of quality and service, and provide fair fixed prices. First, Postrel quotes Thomas Friedman in her essay, stating that “…America is mind numbingly monotonous- the most boring country to tour; because ‘everywhere looks like everwhere else…’ the familiarity of a Walmart to someone new to Augusta may be a relief,
I can simply answer because I want to be a hero. In my opinion, an auditor is a dark knight that saves the world secretly and silently. An auditor has to commit to do his job professionally as well as ethically. As a matter of fact, there have been many corporate and accounting frauds, such as the WorldCom scandal in 2002 and the Madoff Ponzi scheme in 2008,
So what is required for the auditors in this case is. Independence of Mind: The state of mind that would allow the auditor to express an opinion without comprising on Professional judgements, to act with integrity and exercise objectivity and Professional
Analysis of Financial Statements Student number: 10221450 Word count: 2993 words Excluding Bibliography Course code: B9AC106 Course title: Financial Analysis Lecturer: Mr. Enda Murphy Company: Whitbread PLC Table of Contents 1. Whitbread plc 3 Financial Ratio Comparison 6 1.1 Profitability Ratio 6 1.2 Liquidity Ratio 9 1.3 Efficiency Ratio 11 2. Intercontinental hotels group plc and Ratio Comparison with Whitbread 12 3. 10% Stake in Intercontinental Hotels Group PLC 13 Conclusion 16 Market Value and Book Value
Each brand must be positioned for its target segment and a single P&G brand cannot have one positioning for all of P&G’s segments. P&G implements multiple sales strategy that means one similar product may have a different brand. This implement may attract more consumers to buy its products. And this essay will introduce the background of P&G. Furthermore, will have some analysis of its situations such as PEST and SWOT analysis.
Holiday Inn is a world wide chain and its international functional strategies will always yield profitable returns. The potential customers are from all over the world. It has been noted that the holiday inn company has given the market such as Europe, Asia, America with regards to their social-cultural needs. Holiday Inn, like all other hotels has established a good system in determining the needs of the market. The company uses the concept of product, personality, behaviour of the customer and purchasing to its advantage.
In terms of controlling, the management of Marks and Spencer has frequent reporting of expenditures with costs to provide a form of feedback. The reactions of managers to such type of data rely on the expectations or the formal budget or planned targets. The management believes in collecting and assigning cost data that is being shifted away from control. There is a recognition related to the repetitive exercise of planning and re-planning for creating a full time job for accountants. The assessment and evaluation of cost data in the aspects of launching new product by Marks and Spencer is about gaining insights and learning ways for achieving the goals of organisation in most effective manner.
The unrealistic expectations of external users of financial statements to assume that an auditor remains totally impartial to client influence is a conclusion drawn from psychological research. The legal system forms the opposite view and has determined that external users should be able to rely implicitly on an auditor’s determination. Accounting standards have set expectations of auditor independence and neutrality. (Max H. Bazerman, 1997) The entire concept of professional scepticism and its application is the true and fair representation of financial statements to the users of these
Weighted average cost of capital for Marriot Corporation: In order to determine cost of capital, first we need to find out cost of equity and cost of debt. For determining the cost of equity we need to determine the beta for the target leverage ratio. According to the information provided by exhibit 3 equity beta is estimated at 0.97 when equity-to-total capital ratio is 0.59. Therefore we need to find unlevered beta value so that we can find firm’s equity beta at the desired leverage ratio as mentioned in Table A. Tax bracket of 44% is used based on ratio of income taxes to income before income taxes (175.9/398.9) in Exhibit 1.
Responsibilities of housekeeping within a hotel are: • To deliver high standards an outstanding customer service at all times. • Maintain and ensure all areas are clean and are kept to high standards created by the hotel and outside inspectors. • Ensure all bathrooms and hotel areas are serviced according to hotel policy • Housekeeping must keep up to date an relevant with hotel promotions, pricing specials, while ensuring bedroom sales are maximized • Report any maintenance issues as well as other possible hotel concerns immediately to the manager • Reset lighting to the current hotel standards • Complete all housekeeping tasks, flip mattresses, clean curtains and dust all aspects of the hotel room • Store all soiled and clean laundry in
The first type is “neutral” view. In this the auditor neither assumes that management is dishonest nor assumes unquestioned honesty, under (AU 230.09) Second view is "presumptive doubt” view because of the quality of fraud, the auditor’s exercise of professional skepticism is important when considering the risk of material misstatement due to fraud. In this the auditor should conduct the engagement with a mindset that recognizes the possibility that a material misstatement due to fraud could be present, regardless of any past experience with the entity and regardless of the auditor’s belief about management’s honesty and integrity.
