Essays on Chief Financial Officer

Fashion Company

Product and company brand The company is on the clothing, accessories, and fragrances for male and female teenagers and young adults. The brand name is Pinkberry. The proposal of the company is to create fashion for people from 13 to 30 years in a semi-formal style for the dynamic life of this group of people, the millennial generation, that have special characteristics different to another group of ages. The client of Pinkberry is urban, familiarized with mobile technologies, conscious with the environment and with the aim of a world with no frontiers. The word Pinkberry is inspired by the ...

Introduction

According to Trevino & Nelson (2011, p. 35), fraud does not happen as a coincidence. To be specific, fraud in organizations is usually premeditated and has to happen in the right conditions and members of the organization in authority often set these conditions. As such, identifying the root causes of fraud, which is called fraud deterrence, should be one of the priorities of corporate governance. Since fraud has been a common menace in the history of organizational management, various strategies, government regulations, and acts have been developed to prevent the occurrence of fraud (Giroux, 2013, p. 32). These procedures cover ...

Spirit AeroSystems, Inc. started its existence with the sale of Boeing Commercial Airplanes to investment firm Onex. Providing a tier essential parts for aircraft, the company has built a strong management policy to govern such a huge corporation. The board of directors is a main key governance instrument of the company. Spirit AeroSystems, Inc. has a chairman of the Board and president. Another person may be appointed as a director, president and Chief Executive Officer to perform the main responsibilities that a director has. Since 2013, this position is held by Larry A. Lawson. There is also an independent ...

Chapter 1

Nature of the Organization’s Business Under Armour is a multinational sports clothing and accessory company headquartered in Baltimore, Maryland. The company suppliers casual apparel and sportswear, and in 2006, it started offering footwear. The company sells its products worldwide targeting athletes at all levels as well as consumers having active lifestyles. To date, the company has opened various stores as well as factory outlets in various states and nations including Canada and China.

Organization’s History

1996-1998: Early Milestones 1996: Founding of the Company Kevin Plank founded the company in 1996 when he was 23 years old. He was the former ...

Corporate governance is the mechanism with the processes and relations which controls and governs an organization or corporation. There are some structures that can govern the roles of different personnel inside of the firm. These roles might include the rights and responsibilities of the participants. The participants might include a board of directors, managers, shareholders, creditors, regulators, auditors, and any of the other stakeholders. There are some procedures and rules that are used in the decision making when it comes to the corporate affairs. The governance is all of the processes when the objectives of the corporation are set. ...

Budget Development Project

The great depression in 1929 led to the emergence of organization some of which are meant to make profits while other run as non-profits (Penner, 2013). Indeed, these organizations are required to budget for their expenses in light of their operations. A budget refers to the overall estimation of how an organization, institution, individual or government aims to spend the resources for a specific period. These resources may include money, inventory, labour among other factors of production . Normally, top-level managers including CEOs do the formulation of a budget. However, there can be involvement of subordinate staff in decision-making. In ...

Question 1 Directors’ Duties

Issue For a business to register as a company it should satisfy the following requirements: a name, one or more shares and shareholders having limited and unlimited liability. Having directors is also a requirement. Once a venture has this, it can go ahead, apply for registration as stated in section 11, and send an application to the registrar. The application must be in a prescribed form and signed by each applicant; this includes the named directors and shareholders. The proposed company’s name and constitution should be included in the application, as stated in section 12. Once the application ...

Question 1

Sources of the problem facing Wight Despite Wright comprehend and being clear on his mandate as the Clearwater Seafood’s Chief Financial Officer (CFO) he had faced several challenges. As CFO, he was required to determine the best way to incorporate company’s foreign exchange risk management program into the overall growth strategy of the firm. The company has been benefiting from a weak Canadian dollar. However, strengthening of the Canadian dollar has become a source of the problem that Wight is facing. According to the article, as the Canadian dollar falls, the company’s foreign exchange risk management ...

Organization of Focus

The organization that will be reviewed in this case is ECOBANK. For two years, I served as an employee in this firm where I worked in the organization’s risk management department which was mandated in guiding the firm through all manner of risks. Having served in this organization for two years, I am confident that I adequately understood its function and operations as well as employee culture and organization structure. The organization is one of the largest African multinational banks. The bank’s key operations are in West Africa. However, the bank has made great strides in penetrating ...

As technology has allowed for the ability of the public and governing agencies to track the operations of corporations, the topic of corporate governance has become a major consideration while conducting business. The failure in the past few decades has demonstrated the need for transparency, including the practices of the company accountants. In fact, some such cases have held the accounting department as liable for lack of good corporate governance (Shil, 2008). The processes of corporate accounting have the ability for interpretations that require management by the financial department heads because accounting has the power to establish corporate governance. ...

Abstract

Accounting scandals are business scandals that arise following the uncloaking of financial misdeeds by some trusted personnel in corporations. Some of the misdeeds usually involves some complex methods for embezzling, understating, misdirecting money, overstating the value of assets or in other words, underreporting the available liabilities. This is mostly accomplished in collaboration with workers or affiliate in corporations. In companies with public status, this kind of innovative accounting qualifies to fraud whereby investigations and inquiries are commenced by agencies of the government in place. In United States for instance, some of the government oversight agencies that are eligible to ...