Essays on Public Company

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Introduction

In 2000, the Chief Executive Officer (CEO) of Qwest, Joseph Nacchio, was charged civil and criminal liabilities after it has been found that he violated the provisions of GAAP against fraud and insider trading. He was sentenced to six years in prison in 2007 and was slapped with a $19 Million fine and a forfeiture order for proven illegal stock sales transactions worth $52 Million. In this memo, the author discusses the different aspects of Qwest’s case, emphasizing the role of GAAP and the PCAOB.

The Generally Accepted Accounting Principles (GAAP) refers to a standard framework of ...

The industry for this research will be the telecommunications sector. The industry has consistently been at the center of innovation and growth and has also culminated in the disruption of other industries. Its key elements encompass mobile devices, as well as, broadband connectivity that has also been regarded as important fabrics of the current society which is the information age. The sector has been instrumental in promoting the momentum for other notable technological trends such as video streaming and mobile payments. In this regard, the publicly traded corporation in the telecommunication industry that will be subject to this discussion ...

IPOs

Abstract Large and small business move to expand their business by increasing funds through issuing shares. The reason to go public is that it opens up many financial doors as it raises cash. Therefore, companies trade in an open market to attract maximum investors.It can be explained in a way that if a company issued its stocks to the general public for the first time, the capital structure of the company changes that is it mainly begin to rely on debt for finance. TESCO Plc is one of those companies which in the list of world’s largest retailers. ...

Business, Company and Conveyancing Law

Part B Q. 1 Salomon v Salomon & Co. Ltd. (1897) is a landmark case on the incorporation, features, and nature of companies. The case is important in the formation of businesses in some respects. Firstly, the significance of the case with regards to the formation of companies is that it introduced the principle of a company being a separate, autonomous, distinct or independent entity from the owners or even the promoters of the enterprise. This is important in that it shields the owners from any liability that may be incurred on behalf of the company about its creditors. Further, ...

Organizational Chart

There are three types of decision making which are taking place at the different level of organization. At strategic level of decision, an overall picture of accounting information is needed which basically involves financial report such as balance sheets and income statement (Dichev, 2008). At functional level organization-level decisions that carry day to day, operations are taken. At functional level accounting data input and maintenance take place.

Q2. Users and Purpose of Accounting

Solution: Accounting refers to the recording of the transaction which includes the detailed examining of all the budgeting proceedings (Riahi-Belkaoui, 2004). The basic function of accounting is to provide all the information ...

(Tutor’s Name) (Assignment)

Executive Summary The disclosure of engagement partners and other participants in audits of public companies can add to the transparency and accountability of financial reporting significantly as it has been suggested by PCAOB and approved by SEC. With the implementation of this policy change, investors and other financial statement users can know the identity of the engagement partners and other participants in the audit. Therefore, investors can make well-informed investment decisions based on these disclosures. However, these disclosures have both direct and indirect costs that will be ultimately passed on to the company management and ...

Thailand faces the huge problem of waste disposal with less than 25% of annual waste being properly managed. Thailand government has actively encouraged energy-from-waste production by enhancing public awareness, and sharing knowledge related to waste management with municipalities and concerned authorities. (Jiaranaikhajorn 3). As an incentive, it has allowed Bt3.50/kWh for power produced from incineration a tax and other tax benefits. TPI Polene Power Co., Ltd. (“TPI Polene Power”) operates the Refuse Derived Fuel plant (“RDF plant”) in Saraburi Province of Thailand where its cement plants are situated. The production of RDF from solid waste allows its efficient utilization ...

Valuation of private companies has application and necessity in both public and private equity world. While private companies need to come up with a rational valuation figure to convince venture investors for additional funding, public companies also consider acquiring private start-ups and thus have a keen eye on the outcome of the valuation of these private companies. Therefore, while an accurate valuation remains as a day-to-day agenda for private equity firms and also for the investors that are demanding transparency in the valuation process, still, the valuation of private companies remains a challenge given market volatility and scarcity of ...

How to Reform Corporate Ethics in American Business Today

Corporate ethics is an important sphere of American business the regulation of which is of utter importance. It comprises the rules how the company operates: its management, control and responsibility for improper actions. The regulations of corporate governance and implementation of effective corporate ethical standards affect the situation of the economy of the state. Inefficient regulations may lead to huge problems, such as the Great Depression of 1933, ENRON case of 2007, global financial crisis of 2008, because of which the whole world economy was negatively affected, a lot of investors were defrauded, money stolen and etc. Scholars believed ...

Introduction

Carvajal, S.A is a family-owned holding company that provides printing-related and other products and services to both the Latin America and outside markets. The company had seven other subsidiary companies.It had grown into a leading company in sectors that included yellow pages, notebooks and textbooks, and office furniture. It also funded the family’s efforts of helping the needy in the community. Alberto Carvajal and Mary Alice Crump were worried about the financial returns and the growth of the company. Alberto, 49 years old, was chairman of Carvajal’s board. Mary, 56, was a member of the holding company ...

INTRODUCTION

Financial ratio analysis is one of the key techniques for evaluating a company’s financial position. Financial ratios help getting additional information about financial performance of a company that might not be obvious from its financial statements (Erhardt and Brigham 89). They enable the management to evaluate the operating performance of the company in dynamics. Besides, the managers may track their financial goals achievement with the help of this type of analysis as ratios are widely used in planning and setting future performance goals (1). Moreover, the ratios are used to compare performance of companies within one industry, including ...