The environment is under constant threat as a result of modernisation, business activities, constant growth and development. All these are human activities that affect the immediate environment. The depletion in natural resources especially by the oil and gas companies such as the Pipeline Product Marketing Company (PPMC) has resulted in serious environmental impacts. Therefore, the need for sustainability and sustainable development cannot be overemphasized as it has become more important ov...
The pursuit of such approach involves moving the focus of attention away from simply looking at short-term profits to a longer-term view of value creation, the motivation being that if implemented correctly, it will help the business to stay ahead in an increasingly competitive business world. This dissertation sought to investigate whether companies were implementing the concept of shareholder value. In particular it examines the current standing of shareholder value in corporate reporting p...
This eassy mainly introduced the information about the International Accounting standards of Inventory(IAS 2). First, we introduced the background of the IAS 2; then we discussed the major requirements of the standards and the importance of these requirements; after that we critically evaluate the IAS 2. Background The IASs, International Accounting Standards, which issued with the IASC setting up in 1973, are the common standards followed by accountancy bodies. Then, the IASB with new accoun...
Introduction: In recent years, there are many cases which have been involved in fraudulent accounting practice, such as the Enron and the WorldCom had tried to exaggerate their earnings for the purpose of maintaining high share prices. Those problems lead to a lack of confidence in information in financial reporting. The answer to the question whether a firm's balance sheet and income statement prepared under Generally Accepted Accounting Principles (GAAP) inform investor of company's perform...
Financial institutions according to Law No.14/1967 (Suytano et al, 1996, p1) is "all entities through its activities in the financial sector, withdrawing money from and channeled into the community". Financial Institution (financial institution) according to Minister of Finance Decree No. SK. Kep 792 of 1990 on Financial Institutions (Irmayanto et al, 1998, p1) are all entities in the financial sector kegitannya do the collection and disbursement of funds to the community, especially to finan...
Satyam a leading global business and information Technology Company, delivering consulting, systems integration, and outsourcing solutions to clients in over 20 industries. Satyam Computer Services Ltd was founded in 1987 by B.Ramalinga Raju. The company offers information technology (IT) services spanning various sectors, and is listed on the New York Stock Exchange and Euro next. Satyam's network covers 67 countries across six continents. The company employs 40,000 IT professionals across d...
ADVANTAGES & DISADVANTAGES OF COSTING AND ABC COSTING. Activity Based Costing which is popularly known as ABC system has been considered as "an economic map of an organization's expenses and profitability based on organizational activities" according to Kaplan R; and Cooper R. "An activity is an event, task or unit of work with a specified purpose, for instance, designing a product, setting up machines, operating machines, and distributing products;" by Horngren, Foster, Datar. According to K...
Environmental policy is developed for helping in corporate sustainability. It is aimed to prevent environmental degradation. Statutory policy and standards should be mandated to ensure the company is compliance within standards and preserving the environment. At the operational levels, they avoid violations, emission, discharges of pollutants by monitoring and controlling via financial accounting and management accounting. The companies will then can redeploy resource more effective pg2. The ...
1. Introduction Due to global economies and the market becoming more liberalised companies are also operating on the global basis, cross borders and nationalities, and as a result there is a strong desire to adopt universal accounting standards. The attempt commenced by the IASB which issues the IFRS that more than 70 countries and the EU has adapted into. (Deloitte, 2008). Australia is a 'common law' based country that followed the implementation of IFRS as the same time as European count...
Cellular Manufacturing (CM) refers to a manufacturing system wherein the equipment and workstations are arranged in an efficient sequence that allows a continuous and smooth movement of inventories and materials to produce products from start to finish in a single process flow, while incurring minimal transport or waiting time, or any delay for that matter. CM is an important ingredient of lean manufacturing. (1) What is Lean? Running an operation lean means: Removal of waste of all kinds (e...