...[pic] 2. Professional Background Kotler earned his Masters degree in economics from University of Chicago and his PhD at M.I.T both in economics. He also did his postdoctoral work in mathematics at the Harvard University and behavioural science at the University of Chicago. In 1962 he joined the Northwestern University which was later named as Kellogg School of Management. He has since been known as the distinguished S.C. Johnson & Son Distinguished of International Marketing at the Kellogg School of Management at Northwestern University. In business he has consultated and researched for IBM, American Bank, General Electrical and Honeywell. 3. Author: As an author he authored and co-authored 47 books by 2007. Amongst those books is the famous Marketing Management book which was released in 1967 which has since been recognised as the marketing bible, which has been translated into 18 languages. (See Appendix 1) 4. Articles: Dr Kotler has published many articles and he has also received many awards. Of note was that he was the first recipient of the American Marketing Association’s (AMA) distinguished marketing educator award (1985). (See Appendix 2). 5. Kotlers body of work as an academic in marketing:...
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...subsidiary as a corporation. It will also detail the professional responsibilities of a CPA and what the differences between a review and an audit are. The professional responsibilities of a CPA are to uphold the rules set forth by the State board of Certified Public Accountants, and to conduct ourselves in a manner bound by the rules of the AICPA’s Professional Code of Conduct. They also include: independence, scope of service, confidentiality, practice development, and difference on accounting issues. A CPA at all times should maintain a high level of ethical conduct that goes above and beyond society’s laws. As a CPA we are to keep our professional judgment unbiased and base our opinions on factual information and keep all personal interest separate from the work. CPA’s should keep all client information confidential, and only report information deemed necessary for investors and outside users, as well as determine and discuss with the client and differences in accounting issues that relate to transactions are handled so that they may be resolves in an accurate and timely manner (Schroeder, 2005). The difference between and audit and a review is that an audit provides a basis for an opinion for a company’s financials. A review on the other hand does not offer a basis for an opinion due to the lack of contemplation of internal control structure. A review proposes no assurance of an awareness of any or all significance matter that would normally be exposed during an audit...
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...Agreement made this day of 20 By a Company duly formed and registered under the Indian Companies Act and having its Registered Office in (hereinafter called “the Company”) WITH BSE LTD. (hereinafter called “the Exchange) Witnesseth WHEREAS the Company has filed with the Exchange an application for listing its securities more particularly described in Schedule I annexed hereto and made a part hereof AND WHEREAS it is a requirement of the Exchange that there must be filed with the application an agreement in terms hereinafter appearing to qualify for the admission and continuance of the said securities upon the list of the Exchange NOW THEREFORE in consideration of the Exchange listing the said securities the Company hereby covenants and agrees with the Exchange as follows: 1. The Company agrees — (a) that Letters of Allotment will be issued simultaneously and that in the event of its being impossible to issue Letters of Regret at the same time a notice to that effect will be inserted in the press so that it will appear on the morning after the Letters of Allotment have been posted; (b) that Letters of Right will be issued simultaneously; (c) that Letters of Allotment, Acceptance or Right will be serially numbered, printed on good quality paper and examined and signed by a responsible officer of the Company and that whenever...
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...Approved by the Board September 2012 BEST BUY CO., INC. COMPENSATION AND HUMAN RESOURCES COMMITTEE CHARTER Purpose The Compensation and Human Resources Committee (“Committee”) of Best Buy Co., Inc. (“Company”) is appointed by the Board of Directors (“Board”) to discharge the Board’s responsibilities relating to Executive Officer and Board member compensation, including the establishment of the Company’s executive and director compensation philosophies, preparation of a report as required by the Securities and Exchange Commission (“SEC”) to be included in the Company’s annual proxy statement and evaluation of the Company’s Chief Executive Officer (“CEO”). The Committee is also appointed to oversee the development and evaluation of, and to approve, equity-based and other incentive compensation and to oversee the Company’s human capital policies and programs. Committee Membership The Committee will be composed of at least three directors each of whom are independent as defined by the New York Stock Exchange listing standards. All Committee members will also be “non-employee” directors as defined by Rule 16b-3 under the Securities Exchange Act of 1934 and “outside directors” as defined by Section 162(m) of the Internal Revenue Code. The Committee members and Chairperson will be appointed by the Board pursuant to the recommendations of the nominating committee of the Board and may be removed by the Board in its discretion. The Committee will have authority to...
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...Financial Accounting Standards Board will undertake its solution … There must be a suitably high likelihood that the Board can resolve the issues in a manner that will be acceptable to the constituency—without some prior sense of the likelihood that the Board members will be able to reach a consensus, it is generally not advisable to undertake a formal project”. Introduction: The above quotation has been taken from the book of Professor Miller which was published in 1986. Professor says that identifying a problem in the audit process is no guarantee that a solution will be found to the problem. The problem that is referred to in the above quotation is the problems that emerge during an audit that is performed in a business entity. What professor Miller tries to explain is that even if the issue is placed in front of the Financial Accounting Standards Board there is no surety that the Board will take action or responsibility in finding a solution to the problem. When a problem is presented to the Financial Accounting Standards Board there must be reason to believe that the Board members will be able to understand the problem collectively and create a solution to the problem by harmony, if however the chances are not there then an individual or an audit firm should not take up a project formally to try and find resolution though the Financial Accounting Standards Board. Financial Accounting Standards Board The main responsibilities of the Board are to establish the financial...
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...Bond Law Review Volume 15 Issue 1 Special Issue: Comparative Corporate Governance 7-1-2003 Article 13 Corporate Governance in Malaysia Kamini Singam Recommended Citation Singam, Kamini (2003) "Corporate Governance in Malaysia," Bond Law Review: Vol. 15: Iss. 1, Article 13. Available at: http://epublications.bond.edu.au/blr/vol15/iss1/13 This Article is brought to you by the Faculty of Law at ePublications@bond. It has been accepted for inclusion in Bond Law Review by an authorized administrator of ePublications@bond. For more information, please contact Bond University's Repository Coordinator. Corporate Governance in Malaysia Abstract This article examines the corporate governance system in Malaysia. A sound corporate governance system should help create an environment conducive to the efficient and sustainable growth in the Malaysian corporate sector. Since the Southeast Asian financial crisis in 1997 – 98 (‘financial crisis’), corporate governance has become a key policy issue confronting many Southeast Asian countries, including Malaysia. This article considers the distinctive problems of corporate governance in Malaysia, despite several steps for reform that have taken place since the financial crisis. There will be a brief discussion on the meaning of corporate governance and an overview of the present status of corporate governance in Malaysia, in particular after the financial crisis. Keywords corporate governance, Malaysia, Southeast Asian financial...
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...the key tenants of the audit of XYZ schools (XYZ) FY xx School Activity Accounts. They are as follows: BACKGROUND: Activity Account funds are defined as all monies collected and disbursed by personnel within a school for the benefit of the school or a school-sponsored activity. These funds are considered both budgeted and unbudgeted funds under the control and supervision of the School Board with the principal having responsibility as prescribed by the School Board. School Activity Accounts that received and expended monies during the year for various student activities (i.e., National Honor Society, Student Government, and Athletics) are required to have a budget on file. Trust Accounts (i.e., General Fund, Field Trips, and Foundation Grants) which received and expended funds for a specified purpose are unbudgeted funds. OVERSIGHT/GOVERNANCE/ENABLING LEGISLATION: This engagement will be performed in accordance with; the board approved internal audit plan, XYZ policy xx, State Statutes, various XYZ policy and procedures (i.e., which refer to all relevant State Statues and State Board of Education rules), State Administrative Code rule 1234, and the Financial and Program Cost Accounting and Reporting for the State Schools manual Chapter x published by the State Department of Education. Sound business practices shall be observed in all transactions. KEY CLIENT PERSONNEL AND CONTACT INFORMATION: The bookkeeper and the principal at each school, the XYZ Chief of Administration...
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...that branch level committees include their customers too. Further as senior citizens usually form an important constituency in banks, a senior citizen may preferably be included therein. 3. The branch level committees may also submit quarterly reports giving inputs / suggestions to the Standing Committee on Customer Service thus enabling the Standing Committee to examine them and provide relevant feedback to the Customer Service Committee of the Board for necessary policy / procedural action. The Branch Level Customer Service Committee may meet at least once a month to study complaints/ suggestions, cases of delay, difficulties faced / reported by customers / members of the Committee and evolve ways and means of improving customer service. ============================== SOME DETAILS 1.1 General Policy for general management of the branches Banks' systems should be oriented towards providing better customer service and they should periodically study their systems and their impact on customer service. Banks should have a Board approved...
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...the 4th Year Laguna College Nursing Students According to Figure 4.1 the age distribution profile of 4th year nursing students of Laguna College batch 2010 -2011 with a total of 103 taken as population sample has 44% or 45 respondents of age 19 years old and below, 50% or 52 respondents from age 20-25 years old and 6% or 6 respondents from age 26 years old and above. [pic] Figure 4.2. Gender Distribution of the 4th Year Laguna College Nursing Students Figure 4.2 shows that out of the 103 fourth year nursing students taken as sample population, 73 respondents or 75% of the sample population are female and 30 respondents or 25% of the sample populations are male. [pic] Figure 4.3. Age Distribution of the July 2010 Nursing Licensure Examination passers According to Figure 4.3 the age distribution profile of the July 2010 Nursing Licensure Examination passers with a total of 60 respondents taken as population sample has 5% or 3 respondents of age 19 years old and below, 87% or 52 respondents from age 20-25 years old and 8% or 5 respondents from age 26 years old and above. [pic]...
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...marriage coaching and differences between coaching and counseling models. Rationale As a basis for their work, marriage coaches should have a thorough understanding of coaching models, theory, and application. This understanding serves to heighten the coaches’ effectiveness in formulating effective coaching strategies and in aiding in the delivery of advice in an efficient and timely manner. I. Prerequisites PSYC 101 or 210 II. Required Resource Purchases Clinton, T., Trent, J., and Hawkins, R. (2009). The quick reference guide to marriage and family counseling. Grand Rapids, MI: Baker Books. ISBN: 9780801072246. Parrott, L. and Parrott, L. (2005). The complete guide to marriage mentoring. Grand Rapids, MI: Zondervan. ISBN: 9782310270461. Disclaimer: The above resources provide information consistent with that required by state licensing or credentialing boards in the class subject area. Liberty University does not necessarily endorse specific religious, philosophical, or political positions found in these resources. III. Additional Materials for Learning A. Computer with basic audio/video equipment B. Internet access (broadband recommended) C. Microsoft Word and PowerPoint (Microsoft Office is available at a special discount to Liberty University students.) IV. Measureable Learning Outcomes Upon successful completion of this course, the student will be able to: A. Examine and explain the contemporary issues addressed within the...
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...HMV Group plc Annual report and accounts 2010 Contents Overview 1 2 4 6 8 Introduction Strategic progress and future focus Market overview Chairman’s statement Business review The basics Inspirational brands HMV and Waterstone’s are renowned for their specialist appeal, offering the widest ranges of entertainment and books in their markets. Our stores and the people who work in them strive to be always passionate and inspirational about the products we sell, and provide great service and value for money to ensure that our customers get closer to the entertainment they love, or feel every word between the covers of a good book. We attract the most enthusiastic customers in our markets, with over 4 million loyalty card holders across both brands. Business and financial review: 18 Financial review Governance 24 Board of Directors 26 Corporate governance 30 Directors’ remuneration report 40 Corporate responsibility 46 Directors’ report 51 Independent auditor’s report to the members of HMV Group plc Financial statements 52 Consolidated income statement 54 Statements of comprehensive income 55 Balance sheets 57 Statements of changes in equity 59 Cash flow statements 60 Notes to the financial statements 103 Group financial record HMV In-store Online & digital Live HMV is evolving rapidly as an entertainment brand. Our market-leading retail businesses operate through 417 stores in the UK, Canada, Hong Kong and Singapore and transactional local territory websites...
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...are at risk of economic and marketing fluctuations, particularly due to the recent global recession (Elders Financial Statement, 2013). The auditing focus will be to consider whether an entity possess the ability to proceed with operations for the foreseeable future, given the circumstances of the business and the environment in which it operates (SAS 130, Para 8). Potential misstatements Management may be compelled not disclose all relevant facts pertaining to the entity. This insufficient disclosure is a material misstatement on the financial statements (ASA 315). Audit Evidence: The auditor should check sufficiency and correctness of disclosures of financial indicators. The auditor should carry out an extensive review level to which losses are caused by the non-recurrent transactions or events, how cash is expected to flow as well as...
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...group structure board of directors corporate highlights 34 35 26 operating and financial review investor relations and financial calendar corporate governance report 48 financial contents 04 Popular Holdings Limited ed Annual Report 2012 Like Reading LIKE READING become a publisher of textbooks, arts and literary books as well as magazines for children and adult. During his life, he published notable works on Chinese Literature from Malaysia as well as stories for youth: The Historical Scripts of New Chinese Literature in Malaysia ( ), Nanyang Digest ( ), Nanyang Literature ( ), World Youth ( ) and World Children ( ). Such publications were welcomed by readers, young and old. They were knowledge and cultural nourishment dearly needed at that time. In the 1980s, the education in Singapore and Malaysia took a sharp and critical turn, resulting in the decline of Chinese language. The current Chairman of POPULAR, Mr Chou Cheng Ngok, remains resolute in upholding the mission of his father to preserve the heritage of the Chinese culture. Starting in 2006, POPULAR has been organising the annual BookFests in Singapore, Malaysia and Hong Kong. In doing so, POPULAR continues to attract not only regular POPULAR customers but also fervent book readers from all walks of life. Our BookFests have grown into a fullscale cultural platform for book publishers and booksellers to interact and exchange ideas. Technology advances rapidly. E-books pose a threat to...
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...________________________________________ ‘Do directors have to be accounting standard gurus?’ ‘How do directors spot the ticking bomb buried deep in a massive board pack? These are some of the questions making top headlines following the Centro case decision made by Justice Middleton of the Federal Court on the 27 June 2011. The issue of contention was whether the directors had sufficiently carried out a review of the financial statements, and if they had, whether the information was consistent with the directors’ knowledge of the company’s operations and whether the accounts contained all material information that should have been reported on and known to the directors. ASIC successfully won the case with the eight defendants (Chief Executive Officer, Chief Financial Officer, Chairman and 5 other non-executive directors) found guilty of failing to identify and disclose significant errors in the 2007 consolidated financial statements of Centro Properties Limited, Centro Property Trust and Centro Retail Trust (collectively referred to as Centro). Financial statements are essential for the accurate assessment of risks faced by any company. The decision in the Centro case clearly emphasises this point. Directors should be well equipped with basic accounting knowledge and be conscious of their duty to properly assess and review financial statements. It was also highlighted that directors should be warned against simply delegating financial reporting obligations to other qualified...
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...A Financial Ratio Quarterly Trend Analysis of AMAZON, Inc. Stock symbol: AMZN Listed on the New York Stock Exchange 1.0 Introduction 2.0 Financial Ratio Calculation and Analysis 2.1 Methodology Our team obtained income statements, balance sheets, cash flow statements and trading information for AMZN for the four most recent quarters (XXX>>>>>) 2.2 Ratio Computations The following table summarizes the results of the ratio computations for AMZ: KEY FINANCIAL RATIOS Amazon Liquidity Ratios | Q1 | Q2 | Q3 | Q4 | ANNUAL | Current Ratio | 1.32 | 1.40 | 1.46 | 1.32 | 1.32 | Quick Ratio | 1.02 | 1.09 | 1.00 | 0.91 | 0.64 | Net Working Capital Ratio | 2.56 | 1.76 | 1.49 | 1.52 | 1.52 | Current Liabilities to Inventory Ratio | 3.24 | 2.68 | 2.49 | 2.38 | 2.38 | Cash Ratio | 0.36 | 0.34 | 0.25 | 0.31 | 0.31 | Asset Ratios | Q1 | Q2 | Q3 | Q4 | ANNUAL | Inventory Turnover Ratio | 3.17 | 2.56 | 2.25 | 2.13 | 2.13 | Fixed Assets Turnover Ratio | 3.98 | 3.40 | 2.86 | 2.72 | 2.72 | Total Assets Ratio | 0.69 | 0.58 | 0.55 | 0.57 | 0.57 | Asset to Equity Ratio | 2.00 | 1.54 | 1.45 | 1.53 | 1.53 | Profitability Ratios | Q1 | Q2 | Q3 | Q4 | ANNUAL | Return on Assets Ratio | 22.13 | 11.91 | 10.65 | 3.31 | 6.12 | Return on Equity Ratio | 60.64 | 27.35 | 24.6 | 8.11 | 16.76 | Profit Margin Ratio | 3.21 | 2.04 | 1.9 | 5.7 | 3.36 | Basic Earnings Power Ratio | 2.72 | 1.79 | 1.42 | 0.77...
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