...MODULE B Professional Ethics LEARNING OBJECTIVES | | | | | |Review |Exercise, Problems, | | |Checkpoints |and Simulations | | | | | |Understand general ethics and a series of steps for making ethical |1, 2, 3, 4 |54 | |decisions. | | | | | | | |Reason through an ethical decision problem using the imperative, | |55, 56, 57 | |utilitarian and generalization principles of moral philosophy. | | | | | |...
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...There are a number of ethical and legal liabilities arising out of the current situation Click Link Below To Buy: http://hwaid.com/shop/there-are-a-number-of-ethical-and-legal-liabilities-arising-out-of-the-current-situation/ Application: Organizational Responsibilities and a Troubled Physician The obligations between health care providers and the organizations for whom they work run in both directions, and these obligations are both legal and ethical. In the Application Assignment, you will consider a scenario involving a troubled physician and discuss organizational liability issues arising from this individual's behavior. You will also propose ethically appropriate measures an organization can and should take on this physician's behalf. To prepare for the Application: Read the following scenario, imagining that you are an entry-level administrator at this hospital who is being asked to give advice to the CEO about this case. Consider the rights and duties that are entailed by this kind of contract. Consider, too, not only the legal liabilities and obligations of the organization in this scenario, but also assess what you think are the organization's ethical duties to this physician. Dr. Smith is an experienced, talented, and high-admitting cardiac surgeon. Currently, he is a community-based physician with privileges at the hospital. The hospital board would like to ask Dr. Smith to become a partner in their venture of creating a cardiovascular institute...
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...Assignment 1: Business Combinations Cindy Yoon Professor Robert Neely ACC 401 – Advanced Accounting October 24, 2013 Abstract In this paper, I will provide an explanation for the business combination method I selected in expanding the corporation by acquiring another firm, the reason for selecting that business combination method, and how the purchase will grow the business. I will also analyze the accounting requirements for the business combination method I selected and how I determined goodwill was impaired and the financial impact of such impaired goodwill. The business combination method I selected is the acquisition method. Business combinations have implemented the newly created accounting treatment called the “acquisition method.” The major changes in the acquisition method include changes to fair value measurement, goodwill recognition, and non-controlling interests. In acquisition method, the parent company reports the net assets of the acquired company at the price that it was paid for. This price includes any cash payment, the fair market value of any shares issued, and the present value of any promises to pay cash in the future. A key point of the purchase method is that the parent consolidates the book value of all the subsidiary’s assets and liabilities and then the fair value, broken down between Net Book Value and Fair Market Value increments, of the subsidiary's assets and liabilities are added to the parent's own assets and liabilities...
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...ASSIGNMENT On 1 July 2012, Jelly Ltd acquired all the shares of Beans Ltd for $410 000 on an ex-div basis. On this date, the equity of Beans Ltd included the following balances: Share Capital $260 000 General Reserve 35 000 Retained Earnings 55 000 At acquisition date, all the identifiable assets and liabilities of Beans Ltd were recorded at amounts equal to fair value except for: Carrying Fair Amount Value Inventory $70 000 $80 000 Plant & Equipment (cost $300 000) 186 000 190 000 Machinery (cost $18 000) 15 000 16 000 Trademark 100 000 110 000 Land 50 000 70 000 At the date of acquisition, Beans Ltd had recorded goodwill of $25 000. Goodwill was not impaired in any period. The plant and equipment had a further five year life at acquisition date and was expected to be used evenly over that time. The trademark was considered to have an indefinite life. The machinery, which was estimated to have a further four year life at acquisition date, was sold on 1 January 2014. Any adjustments for differences between carrying amounts at acquisition date and fair values are made on consolidation. During the year ended 30 June 2013, all inventories on hand at acquisition date were sold, and the land was sold on 1 June 2013. Any valuation reserves created are transferred on consolidation to retained earnings when assets are sold or fully consumed. Additional information: a) On 1 July 2013, Beans Ltd has on hand inventory worth $12 000, being...
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...Threats to independence 1. Self-interest threat- financial or other interests of members or their close family. 2. Self-review threat- when the auditor has to re-evaluate work completed by himself. 3. Advocacy threat- when the auditor is asked to promote the client’s position or represent them in some way. 4. Familiarity threat- when the auditor is too sympathetic or trusting of the client because of a close relationship with them. 5. Intimidation threat- intimidates the auditor to give an unqualified opinion otherwise not re-appoint him. Areas of risks Financial interests Family relationships Business relationships Loans Fees Undue independence Gifts and hospitality Second opinion Provision of other services Auditors specific threats to their independence and objectivity 1. Dependence on income from a particular client or group of clients may impair objectivity and independence. Implications- auditor may not qualify the audit report when qualification is required because this will upset client who may move to another audit firm and thus cause loss of significant income. Safeguards Do not accept certain assignments. Resign from certain assignments. Do not stand for reappointment as auditor. Reduce non audit work with a view to control gross practice income from that particular client. As a general rule, recurring fees paid by one or group of connected clients should not exceed the threshold of...
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...Drugs in the Workplace Mark Gomez MGT 331 December 7, 2015 Abstract Defining the “drug problem” in the workplace is a task riddled with ambiguity because employers aren’t completely sure how to implement the most suitable policy for their organization. This should be an employer’s concern because drug misuse is a serious problem that can affect the business where the user works and sometimes their co-workers. Successfully tackling the drug issue correctly can benefit the employer by reducing absenteeism, reducing accidents related to drug use and promoting a more productive environment. The focus of this paper is to review current workplace policies on drug use and the challenges it brings employers. Drugs in the Workplace When it comes to drugs, employers have a legal responsibility to look after employees’ wellbeing, health and safety. Employers have a general duty under the Health and Safety at Work Act of 1974 (HSW Act) to ensure, as far as is reasonably practicable, the health, safety and welfare at work of their employees (Drug Misuse at Work A Guide for Employers, 2005). A good employer will want to help employees. In some cases, alcohol or drug misuse may be used to help cope with work-related stress. If there is a problem with alcohol or drug misuse in your workplace, then this may be part of a wider stress problem. A good starting point is to focus on the scope of the situation. Prescriptive drug use in the Unites States of America accounts for roughly 48...
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...Introduction The paper examines the challenges faced by organization during mergers and acquisitions. It explains the challenges of merging the HR processes of the two organizations and suggests implementation strategies to prevent risks and delays. Mergers and acquisitions are preferred by companies in an increasingly competitive environment to acquire economies of scale and critical mass. Mergers and acquisitions result in complete change in the way the business is running and there are no other events in any organization which can be more difficult and challenging. According to Jensen & Ruback (1983) mergers and acquisitions benefit companies as it provides synergy, tax saving, shareholder wealth maximization and signaling. Draper & Paudyal (2008) state mergers and acquisitions have been beneficial to economies as the production achieves higher efficiency and has improved output. The economies achieved the ability to have improved bargaining power with the supplier and customer due to mergers and acquisitions. Mergers provide the companies to get tax savings. Mergers and Acquisitions According to Elebourne & Rambarran (2004), the process of merger refers to the process where one company is merged with another, and acquisition refers to the process when the company acquires another company. The merger process can be horizontal, vertical or conglomerate. As per Stigler (1950), horizontal mergers are achieved by merging the products and services. Horizontal merger is used in...
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...Hamlen, Ronald J. Huefner, and James A. Largay III. COPYRIGHT © 2016 by Cambridge Business Publishers, LLC. Published by Cambridge Business Publishers, LLC. Exclusive rights by Cambridge Business Publishers, LLC for manufacture and export. ALL RIGHTS RESERVED. No part of this publication may be reproduced, distributed, or stored in a database or retrieval system in any form or by any means, without prior written consent of Cambridge Business Publishers, LLC, including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. STUDENT EDITION ISBN: 978-1-61853-151-3 Bookstores & Faculty: to order this book, call 800-619-6473 or email customerservice@cambridgepub.com. Students: to order this book, please visit the book’s Website and order directly online. Printed in Canada. 10 9 8 7 6 5 4 3 2 1 PREFACE W elcome to Advanced Accounting. We wrote this book with two major objectives in mind. First, we seek to reflect the changing topical emphases and content in the advanced accounting course; coverage is completely updated for new developments concerning applicable reporting issues and requirements, including the newest FASB and GASB pronouncements and proposals. We extensively discuss International Financial Reporting Standards where appropriate throughout the book. Second, we write from the perspective of enhancing teachability; many of the topics in this course are complex and require careful explanation...
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...BMO Financial Group 198th Annual Report 2015 There are many ways to talk about what lies ahead: Change. Disruption. Opportunity. Growth. We’ve gotten closer to our customers. Made banking simpler. Unified our businesses. Expanded our footprint. Invested in new platforms. Embraced a better rulebook. And through it all, delivered consistently strong results. Business Review Financial Review 2 4 10 11 16 17 18 20 21 23 24 26 118 132 Financial Snapshot/Who We Are Year in Review Chairman’s Message CEO’s Message Executive Committee Our Strategic Footprint Reasons to Invest in BMO Corporate Governance Board of Directors CFO’s Foreword to the Financial Review Financial Performance and Condition at a Glance Management’s Discussion and Analysis Supplemental Information Statement of Management’s Responsibility for Financial Information 133 Independent Auditors’ Report of Registered Public Accounting Firm 134 Report of Independent Registered Public Accounting Firm 135 Consolidated Financial Statements 140 Notes to Consolidated Financial Statements Resources and Directories 202 Glossary of Financial Terms 204 Where to Find More Information IBC Shareholder Information now it gets interesting Financial Snapshot Reported 1 Adjusted 1,2 As at or for the year ended October 31 2015 2014 2015 2014 19,389 18,223 19,391 18,223 liabilities3 (CCPB) (p 41) 1 1,254 1,505 1,254 1...
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...AnnCONTENTS Chairman’s Message Financial Highlights and Review Board of Directors and Executive Officers Corporate Governance Directors’ Report Statement by Directors Independent Auditor’s Report Consolidated Income Statement Consolidated Statement of Comprehensive Income Balance Sheets Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Financial Statements SGX-ST Listing Manual Requirements 2 4 6 7 12 16 17 18 19 20 21 22 23 62 1 CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES CHAIRMAN’S MESSAGE Dear Shareholders, Fiscal 2013 was another difficult year for Creative. We had continued to focus on the development and introduction of new products in the key product categories, and had launched a series of new exciting products that provide good potential growth opportunities. However, our financial performance continued to be adversely affected by the difficult and uncertain market conditions for our products, which impacted sales across all regions and resulted in lower revenues. Nevertheless, despite the lower level of sales, with a lower operating cost structure from the cost cutting actions in the previous years, we were able to achieve an improvement in operating results in fiscal 2013. Sales for fiscal year 2013 were US$165 million, a reduction of 14% compared to US$192 million for fiscal year 2012. Gross profit as a percentage of sales was 33% in fiscal 2013, up from 19% in fiscal 2012. Net profit for fiscal 2013 was...
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...Current liabilitieS SOLUTIONS TO EXERCISES EXERCISE 13-1 (10-15 minutes) (a) Classifications on balance sheet prepared under ASPE: |1. |Current liability; financial liability. | |2. |Current asset. | |3. |Current liability or long-term liability depending on term of warranty; not a financial liability. | |4. |Current liability; financial liability. A company would have an obligation to pay cash to the bank for any overdraft and this | | |would result from the contractual agreement with the bank. | |5. |Current liability; not a financial liability if this refers to income tax withholdings, CPP and EI. This is a financial liability | | |if it refers to other withholdings of a contractual nature with employees (union dues, for example). | |6. |Current liability; financial liability. | |7. |Current or noncurrent liability depending upon the time involved; not a financial liability (if deposit will be returned then it | | |would be a financial liability). ...
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...KUWAIT FINANCE HOUSE (MALAYSIA) BERHAD (672174-T) (Incorporated in Malaysia) Directors' Report and Audited Financial Statements as at 31 December 2010 Registered Office Level 18, Tower 2, Etiqa Twins, 11 Jalan Pinang, 50450 Kuala Lumpur KUWAIT FINANCE HOUSE (MALAYSIA) BERHAD (672174-T) (Incorporated in Malaysia) CONTENTS PERFORMANCE OVERVIEW STATEMENT OF CORPORATE GOVERNANCE DIRECTORS' REPORT STATEMENT BY DIRECTORS STATUTORY DECLARATION REPORT OF SHARIAH COMMITTEE INDEPENDENT AUDITORS' REPORT STATEMENTS OF FINANCIAL POSITION INCOME STATEMENTS STATEMENTS OF COMPREHENSIVE INCOME STATEMENTS OF CHANGES IN EQUITY STATEMENTS OF CASH FLOWS NOTES TO THE FINANCIAL STATEMENTS PAGE 1 1 - 18 19 - 23 24 25 26 - 27 28 - 29 31 - 32 33 34 35 36 - 37 38 - 139 KUWAIT FINANCE HOUSE (MALAYSIA) BERHAD (672174-T) (Incorporated in Malaysia) 1 PERFORMANCE OVERVIEW The Group and the Bank registered a loss after taxation of RM75.6 million and RM97.3 million respectively for the financial year ended 31 December 2010 due to the more challenging operating environment in 2010 as the Group and the Bank embarked on its business realignment and restructuring plans in early 2010. The total assets of the Group has decreased by RM661.5 million to RM10.9 billion as at 31 December 2010. Despite the anticipated full year results, the Group made marked progress in Quarter 1 to Quarter 4 of 2010 profit/(loss) before taxation and the Group stood on a strong capitalised position with a...
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...Corporate Information Corporate Structure Chairman’s Statement Financial Highlights Directors’ Profile Statement on Corporate Governance Statement of Directors’ Responsibilities in Relation to Financial Statement Other Compliance Information Audit Committee Board Committee Statement on Internal Control Financial Statements List of Group Properties Statement of Shareholdings Notice of Annual General Meeting Appendix A Form of Proxy 02 03 04 06 07 13 18 19 20 25 27 29 82 86 89 91 Corporate Information Directors Dato' Keh (Kerk) Chu Koh (Chairman) Kerk Chiew Siong (Vice Chairman) Kuo Choo Song (Managing Director) Kerk Chian Tung (Executive Director) Teo Lee Teck (Non-Executive Director) Kerk Kar Han (Non-Executive Director) Woon Chin Chan (Independent Non-Executive Director) Norita Binti Ja'afar (Independent Non-Executive Director) Mazrina Binti Arifin (Independent Non-Executive Director) Raja Khairul Anuar Bin Raja Mokhtar (Non-Executive Director) Principal bankers Wee Hoe Soon @ Gooi Hoe Soon (Alternate Director to Woon Chin Chan) RHB Bank Berhad Malayan Banking Berhad Public Bank Berhad United Overseas Bank (Malaysia) Berhad HSBC Bank Malaysia Berhad Registered office Suite 6.1A, Level 6 Menara Pelangi Jalan Kuning, Taman Pelangi 80400 Johor Bahru Johor Darul Ta'zim Tel : (07) - 332 3536 Fax : (07) - 332 4536 Principal place of business 14, Jalan Kilang Kawasan Perindustrian Tongkang Pecah 83010 Batu Pahat Johor Darul Ta'zim Share registrar Symphony Share Registrars...
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...Corporate Information Corporate Structure Chairman’s Statement Financial Highlights Directors’ Profile Statement on Corporate Governance Statement of Directors’ Responsibilities in Relation to Financial Statement Other Compliance Information Audit Committee Board Committee Statement on Internal Control Financial Statements List of Group Properties Statement of Shareholdings Notice of Annual General Meeting Appendix A Form of Proxy 02 03 04 06 07 13 18 19 20 25 27 29 82 86 89 91 Corporate Information Directors Dato' Keh (Kerk) Chu Koh (Chairman) Kerk Chiew Siong (Vice Chairman) Kuo Choo Song (Managing Director) Kerk Chian Tung (Executive Director) Teo Lee Teck (Non-Executive Director) Kerk Kar Han (Non-Executive Director) Woon Chin Chan (Independent Non-Executive Director) Norita Binti Ja'afar (Independent Non-Executive Director) Mazrina Binti Arifin (Independent Non-Executive Director) Raja Khairul Anuar Bin Raja Mokhtar (Non-Executive Director) Principal bankers Wee Hoe Soon @ Gooi Hoe Soon (Alternate Director to Woon Chin Chan) RHB Bank Berhad Malayan Banking Berhad Public Bank Berhad United Overseas Bank (Malaysia) Berhad HSBC Bank Malaysia Berhad Registered office Suite 6.1A, Level 6 Menara Pelangi Jalan Kuning, Taman Pelangi 80400 Johor Bahru Johor Darul Ta'zim Tel : (07) - 332 3536 Fax : (07) - 332 4536 Principal place of business 14, Jalan Kilang Kawasan Perindustrian Tongkang Pecah 83010 Batu Pahat Johor Darul Ta'zim Share registrar Symphony Share Registrars...
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...form10k_fy13.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ——————————— FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: June 4, 2013 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _________ Commission file number 1-12454 RUBY TUESDAY, INC. (Exact name of registrant as specified in charter) 63-0475239 (I.R.S. Employer Identification No.) 150 West Church Avenue, Maryville, Tennessee 37801 (Address of principal executive offices and zip code) (865) 379-5700 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Stock, par value $0.01 per share Name of each exchange on which registered New York Stock Exchange GEORGIA (State or other jurisdiction of incorporation or organization) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yeso No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such...
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