Accounting Information Systems ACCOUNTING SYSTEMS‚ INTERNAL CONTROLS‚ AND ETHICS Prepared for the course team by Vimlesh B. Narayan Unit 1 Contents Unit 1 Contents 2 Concept Map 3 Learning Outcomes 4 1.1 Introduction 5 1.2 Accounting System Design 6 System Objectives and Design Factors 6 Designing the System 8 1.3 Internal Control Systems 17 Objectives of Internal Control Systems 17 Structure of Internal Control Systems 18 Why You Should Consider the Components? 21 Internal
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Pizza hut - Presentation Transcript 1. Pizza Hut o By Anupam Kumar o 06BS0550 2. Background o Pizza Hut is the largest pizza restaurant company in the world based in Addison‚ Texas‚ USA specializing in American-style pizza o It has 34‚000 outlets in 100 countries o Employing more than 300‚000 people 3. History o Our story began with one small restaurant and two young brothers - Dan and Frank Carney. In 1958 they were struck by inspiration‚ and opened the first Pizza Hut in Wichita
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BOARD OF DIRECTORS People often question whether corporate boards matter because their day-today impact is difficult to observe. But‚ when things go wrong‚ they can become the center of attention. Certainly this was true of the Enron‚ Worldcom‚ and Parmalat scandals. The directors of Enron and Worldcom‚ in particular‚ were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs‚ of which $13 million was out of pocket (not covered by insurance); and Worldcom
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org/cpajournal/2004/804/essentials/p34.htm‚ Last accessed: 16 April 2012 Wüstemann‚ J. and Wüstemann‚ S. (2010) Why Consistency of Accounting Standards Matters: A Contribution to the Rules-Versus-Principles Debate in Financial Reporting‚ ABACUS‚ Vol. 46‚ No. 1‚ 2010 Appendix Parmalat | 2003 | Italy | Wharton (2012) | AIG | 2004 | United States | Wharton (2012) | Lehman Brothers | 2009 | United States | Wharton (2012) | Olympus Corporation | 2011 | Japan | Wharton (2012) | Source: Forbes (2002)‚ Wharton (2012)
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Sustainable growth and success of any country or society depend upon collective function of its resources‚ starting from the vast use of natural resources‚ strategic‚ geographic location‚ labour (people) and intellectual capital. In a society where private participants have prominent role in utilization of all these resources‚ governance or public governance plays a vital role in sustainable development of the society. Governance‚ as it is said relates to decisions that define expectations‚ grant
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Academy of Management Review 2008‚ Vol. 33‚ No. 2‚ 404–424. “IMPLICIT” AND “EXPLICIT” CSR: A CONCEPTUAL FRAMEWORK FOR A COMPARATIVE UNDERSTANDING OF CORPORATE SOCIAL RESPONSIBILITY DIRK MATTEN York University‚ Toronto JEREMY MOON University of Nottingham We address the question of how and why corporate social responsibility (CSR) differs among countries and how and why it changes. Applying two schools of thought in institutional theory‚ we conceptualize‚ first‚ the differences between CSR in the
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1): 55–56. Kolk‚ A.‚ and J. Pinske. 2006. Stakeholder mismanagement and corporate social responsibility crisis. Koster‚ P. 2004. Europe’s auditors should give us the bad news. Financial Times (January 19): 13. Plender‚ J. 2004. Problems at Ahold‚ Parmalat‚ and now Adecco raise new questions about how global accounting firms work with multinationals Raghavan‚ A.‚ A. Latour‚ and M. Schroeder. 2003. Questioning the books—A global journal report: Ahold faces scrutiny over accounting Royal Ahold. 2002.
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Interests in corporate governance‚ specifically in business accountability‚ emerged in 2001-2002 in response to the financial collapses that large companies faced such as Enron in the United States‚ Parmalat in Italy‚ Ahold in Netherlands etc... . Governments and agencies‚ tried to prevent these scandals by issuing laws and regulations such as the Sarbanes–Oxley Act of 2002‚ United States federal law‚ however‚ shortly the interests in good corporate governance was renewed and emphasized after the
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A bailout could be done for mere profit‚ as when a predatory investor resurrects a floundering company by buying its shares at fire-sale prices; for social improvement‚ as when‚ hypothetically speaking‚ a wealthy philanthropist reinvents an unprofitable fast food company into a non-profit food distribution network; or the bailout of a company might be seen as a necessity in order to prevent greater‚ socioeconomic failures: For example‚ the US government assumes transportation to be the backbone of
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DEDICATED TO MAKING A DIFFERENCE eco-efficiency creating more value with less impact foreword In 1991‚ we in the then Business Council for Sustainable Development were looking for a single concept‚ perhaps a single word‚ to sum up the business end of sustainable development. Finding no such concept on the lexicographer s shelf‚ we decided we would have to launch an expression. After a contest and much agonizing‚ we came up with eco-efficiency. In simplest terms‚ it means creating more goods
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