...SEMESTER 2 2011 CPA 118 ETHICS AND GOVERNANCE CPA - ETHNIC SEMESTER 2 2011 MODULE 1 ACCOUNTING AND SOCIETY 1.05 1.05 Part A: Ineraction with society Depictions of A/cting Depiction Defeating depictions defeat Fig 1.1 new bean counter How to become professional? 3 aspects 1.06 Recruiting the best Beard(1994),Smith and Briggs(1999) and Simnik and Felton(2006) Friedman& Lyne(2001);Albrecht and Sack(2000);Coate et al.(2003) Jeacle: colourful accountant linked to corporate collapses 1.07 Moral agency Biddle(2006) Value creation - key to maintain high standards Moral agent - refer to individual making moral judgement for others Moral agent theory based on concept " act appropriotely and professionally" 1.08 Technical functions and social impact Understanding A/cting A/cting defination - Macquarie Dictionary - Technical practice - bookkeeping Not Prefect def - AAA(American A/cting Association) -communication skill… 1.09 Social impact of A/cting + impact - based on historic A/cting info professional capabilities - technical knowledge,soft skill & experience 1.10 Social impact example - A/cting and the GFC "mark-to market" Lonergan (2009) - if A/cting causative factor in GFC 2008/2009 1.11 Q 1.1 Logergan 'standard setters'slow reaction only cause GFC ? NO How wisdom come out? - experience /knowledge Distinguishing feature - building relevant wisdom over time Parker et al. (1989) - induce other behaviour Miller(1994) - intrinsically and inredeemable social impact IMPACT Macro level:...
Words: 3786 - Pages: 16
...Timor-Leste, Malaysia, and Papua New Guinea. The government system is a republic. The chief of state and the head of government is the President. Indonesia has a mixed economic system in which the economy includes a variety of private freedom, combined with centralized economic planning and government regulation. Indonesia is a member of the Asian Pacific Economic Cooperation (APEC) and Association of Southeast Asian Nations (ASEAN). Key Economic Facts Budget Expenditures: Budget revenues: Debt - external: Distribution Of Family Income GINI Index: Exports: GDP per capita, PPP: GDP, PPP: Imports: Industrial production growth rate: Inflation rate (consumer prices): Labor force: Population: Unemployment rate: $.15 trillion (2011) $.14 trillion (2011) $.19 trillion (2011) 36.80% (2009) $201.50 billion (2011) $4,667.96 (2011) $1.13 trillion (2011) $166.10 billion (2011) 4.10% (2011) 5.40% (2011) 117.40 million (2011) 248.65 million (2012) 6.60% (2011) Risk Assessment (Provided by Coface) Country rating: B - Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behaviour. Corporate default probability is appreciable. Business Climate rating: C - The business environment is difficult. Corporate financial information is often unavailable and when available often unreliable. Debt collection is unpredictable. The institutional framework has many troublesome weaknesses. Intercompany transactions run major risks in the difficult...
Words: 510 - Pages: 3
...CULTURAL DISTANCE | KENYA | UGANDA | NIGERIA | Diversity | 13 ethnic groups and 27 sub groups. | 3 Major Etnic Tribes: Baganda, Basoga and Bagisu. | 3 Major Ethnic Tribes: Yoruba, Hausa-Fulani and Igbo | Language, Religion, Ethnicity | The Most Spoken Languages are English and Swahili. | The Most Spoken Languages are English, Swahili and Arabic. | Over 250 languages. English is the official language | Gender | 1.02 Males/Female | 1.03 Males/Females | 1.031 Males/Females | Inequality (GINI) | 47.7 % | 44.3% | 42.9% | Individualism | Collectivist Society | Collectivist Society | Collectivist Society | Quality of Life (Interpersonal Relationship Vs Material Aspect) | Interpersonal Relationship are Valued. Influence of “Ubuntu” | Interpersonal Relationship are Valued. Influence of “Ubuntu” | Interpersonal Relationship are Valued. Influence of “Ubuntu”.Concept of extended family.“Male egotism “ | Long Term or Short term orientation | Long Term Orientation | Long Term Orientation | Long Term Orientation | Asian Paints should take into account the diversity of Kenya & Uganda while selling different shades of its products. The major implication will be in the marketing communication where language has to be kept in mind. Packaging & designing the product has to be as per the ethnic color preferences. Since interpersonal relationships are family time is valued – Asian paints should push more pastel shades in the market. Long term orientation implies that more...
Words: 1248 - Pages: 5
...Allstate Insurance Company Leadership and Origination behavior- BUS520 October 30, 2011 Allstate Insurance Company Using the model for goal setting, evaluate Allstate’s goal setting process to determine whether or not Allstate has an effective goal-setting program? “Goal setting is the process of specifying desired outcomes towards which individuals; teams, departments, and organizations will strive and is intended to increase organizational efficiency and effectiveness” (Hellriegel & Slocum, 2011, pg 192). Many companies, individuals and even cultural groups use goal-setting to decide what, how, and when to complete tasks or to achieve objectives. Although goal setting is useful to keep your performance and skills in check, it is also great to motivate the employees. The main purpose of goal setting is to foster self motivation in employees by enabling them to achieve goals they have set to increase performance and job satisfaction (Hellriegel & Slocum, 2011). One particular goal that Allstate emphasizes on which makes them stand out amongst their competition is focusing on diversity. Allstate provides their employees with a road map to succeed by executing the goal setting definitions. The employees are given tools and resources to become better. Allstate provides quarterly leadership measurements as well as surveys to get feedback from employees. Allstate views diversity as a strategy for leveraging differences in order to create a competitive...
Words: 1844 - Pages: 8
...Allstate Insurance Company Professor Wendy Johnson October 30, 2011 Allstate’s Goal-Setting Process Allstate Insurance was founded in 1931 as a part of the Sears Roebuck and Company and was spun off as a separate company in 1993 with 20 percent of the company being offered to the public. In 1995, the remaining 80 percent of the company was again offered to the public and has been its own separate entity since then. Allstate has been a leader in the industry as one of the America’s Most Admired Companies as told by Fortune Magazine in 2007 and 2009. Allstate has also been a leader in the fields of Work/Life Initiatives, Diversity Education, Accountability Measurements, Mentoring Programs, as well as Career Advancement and Development Leadership. While being a leader in these areas, Allstate has been able to retain some of the best managers and leaders at their company and excel in an industry that is very competitive and demanding on each and every person that they employ. One key aspect of Goal Setting, not only for Allstate, but for almost every sustainable business is giving employees the knowledge and ability to attain their goals and also to give those employees the tools that are necessary to carry that goal out. Through the company’s employee development process, all employees receive an assessment of their current job skills and a road map for developing the critical skill necessary for development. This gives all employee a way to set goals that are aligned...
Words: 1351 - Pages: 6
...the population health as well as the indicators of the population's risk and morbidity rates. It will look at the health needs of the population and examine the external and internal factors that could influence their behaviours and choice. It will make conclusion and recommendations on how to improve this health issue and enable the writer to understand the subject in great depth. The primary reason why the writer has chosen to focus on childhood obesity is because she wants to meet the learning outcomes of the module in order to pass the course. Other rationale is to improve her knowledge and understanding of childhood obesity, as it is one of the greatest public health concern facing children in the United Kingdom. According to WHO (2011) Childhood obesity is increasing amongst children in the United Kingdom between the ages of 2 to15 years. The study has shown nationally 3 in 10 children are either overweight or...
Words: 2530 - Pages: 11
...approach (Allstate Culture, 2011). Question #1: Using the model for goal setting, evaluate Allstate’s goal setting process to determine whether or not Allstate has an effective goal-setting program. Goal setting is simply the process of establishing specific objectives which employees, teams, departments, and organizations will strive to meet to help the organization as a whole be efficient and successful; Allstate’s diversity strategy is to bring together employee differences in order to create a competitive advantage. Allstate has taken the following four steps in order to take their workforce of differences and bring them together in a more powerful way so that it can impact business results (Hellriegel & Slocum, 2011). Those steps are succession programming, development, measurement, accountability and reward. Allstate uses succession programming to track and measure the key components of career development and opportunities for all of its employees. By do this they want to continue to run a company that is diverse at all levels. Allstate has a development process for all employees where they are assessed in their current job skills and provided with an outline for their continued development of the skills they need in order to advance. Allstate conducts a survey every two years call the Diversity Index, which is part of a larger employee survey process called Quarterly Leadership Measurement System (QLMS) (Hellriegel & Slocum, 2011). The intent with...
Words: 1068 - Pages: 5
...The following report is in reference to the country of Chile and their business environment. It is necessary to include the target market for Chile as it refers to the economy, people and the government. The following topics will be included in the report: total population, population growth rates, ethnic and religious makeup, per capita GDP, income disparity, unemployment rate, educational levels and literacy rates, key industries, economic output, inflation and national debt. This information will be gathered and then compared to possible differences Chile has with the United States market. This report will include to charts that will depict the differences in the data requested from the manager (Task List, 2013). Chile’s Business Environment Most consider Brazil as Latin America’s favorite, but Chile is the country that possesses the best business environment; which is according to the Latin Business Index (2011). This index measures eighteen countries business climates within Latin America. This index’s data is focused on five categories with sub-components. The components and categories are: * Macro environment: Percent GDP growth and percent inflation from 2009 – 2011 and a forecast for 2012 * Globalization and Competitiveness: Globalization Competitiveness Tariffs Security * Infrastructure level Transport Technology penetration Access to water and quality of electricity supply * Political environment: Political freedom Political...
Words: 1177 - Pages: 5
...Allstate Insurance Company. Mohammed Baba Strayer University Dr. Yemer.H Bus 520: Leadership and Organizational Behavior 04/27/2011 Using the model for goal setting, evaluate Allstate’s goal setting process to determine whether or not Allstate has an effective goal setting program. Goals are future outcome or result that both the individual and organizations desire and strive to achieve. Goals setting is the process of specifying desired outcomes toward which individual or organization will strive and is intended to increase organizational effectiveness and efficiency.(Don Hellriegel and John W. Sloucum, Jr). Some key elements to consider in an effective organizational goal setting are; Goal direct attention. That is basically focusing on all attention on what is relevant and important. Goal regulate effort, this is putting motivational tools in place foe employees and management to work towards achieving the desire goal. Goal increase persistence, this is the effort extended on a task over an extended period of time, and last but not the least is fostering a goal strategy. Allstate define inclusive diversity as the collective mixture of all of their differences in the workforce, marketplace and community. It defines who they are and what they believe in, holding each other personally and professionally accountable to welcome all as they strive to win in a diverse, global marketplace. As a result of these efforts, Allstate...
Words: 1544 - Pages: 7
...Internally displaced people returning to their homes following the end of fighting in Sudan’s Blue Nile state between the Sudanese army and fighters allied to Sudan People’s Liberation Movement (SPLM), the dominant force in newly independent South Sudan. (Photo: REUTERS/Mohamed Nureldin Abdallah, September 2011) Internal displacement in Africa Burundi p. 41; Central African Republic p. 42; Chad p. 43; Côte d’Ivoire p. 44; Democratic Republic of the Congo p. 45; Ethiopia p. 46; Kenya p. 47; Liberia p. 48; Niger p. 48; Nigeria p. 49; Senegal p. 50; Somalia p. 50; South Sudan p. 51; Sudan p. 52; Uganda p. 53; Zimbabwe p. 54 In 2011, IDMC monitored internal displacement in 21 subSaharan African countries. There were an estimated 9.7 million IDPs in these countries, representing over a third of the world’s total internally displaced population. Sudan, the Democratic Republic of the Congo (DRC) and Somalia continued to be the countries with the largest internally displaced populations in Africa. The number of IDPs in Africa in 2011 was down from 11.1 million a year earlier, continuing a sustained downward trend since 2004 when there were over 13 million. Violent struggles between groups vying for access to natural resources, land and political representation and power were among the root causes of most of these displacements. These struggles were manifested either by armed conflicts pitting governments and their armed forces against armed opposition groups, or by inter-communal...
Words: 13852 - Pages: 56
...Behavior July 19th, 2011 Abstract Using the model for goal setting, evaluate Allstate’s goal setting process to determine whether or not Allstate has an effective goal-setting program. In my opinion, Allstate has an effective goal setting program. There are four steps in there program: succession programming, development, measurement, and accountability and reward. Succession programming is a way of getting diverse candidates (cream of the crop) for key positions. People tend to trust employees like themselves regardless of race, gender, age, religion, sexual orientation, or cultural background. Allstate has over 36,000 employees 60 percent are women, and nearly 30 percent are minorities (“Diversity”, 2011). “More than 40 percent of officers and managers are women and nearly 20 percent come from one of five minority groups”, which means that all backgrounds are represented in some way within the company (“Diversity”, 2011). In the development program, a performance evaluation is used to assess job skill for advancement. Employees give feedback to leaders to evaluate and use for future programs. Training courses are mandatory and Allstate has had about 640,000 hours of diversity classroom time (Wah, 1999). The next step, measurement is done twice a year by employees to give feedback to management and based on the responses to the Diversity Index allows Allstate to...
Words: 1220 - Pages: 5
...Running head: ALLSTATE INSURANCE Allstate Insurance Company February 5, 2011 Strayer University 1. Using the model for goal setting, evaluate Allstate’s goal setting process to determine whether or not Allstate has an effective goal-setting program. Allstate established ways to improve performance throughout their corporation to achieve goals for their employees. In doing so, the internal diversity focus and the external diversity focus were closely analyzed. Employees were provided with resources and tools that would allow them to ascertain the goals needed to succeed. Experiences and sensitivities were examined to ensure the work force met the needs of the market it serves. The managers at Allstate viewed diversity not as a goal but as a process that is integrated into the daily life of the company, according to Hellriegel and Slocum (2011), authors of Organizational Behavior, (para. 1). The company determined that awareness by way of education and training would be the best way to assist their employees; however this was not their business strategy. A challenge was created to observe the individual’s ability and goal commitment. Feedback was expected from the workforce and the difficulty of the task was significant. Equally important were the goals; the goals were to be clear and the individual’s own ability to perform a specific...
Words: 1077 - Pages: 5
...Allstate Insurance Company Kenner Erin Chestang Professor T. Bowen Leadership and Organizational Behavior July 27, 2010 Using the model for goal setting, evaluate Allstate’s goal setting process to determine whether or not Allstate has an effective goal-setting program. Allstate’s design appears to have a good goal setting in place. Their challenge is to keep the company as diversified as possible in various areas. In doing so the goal that they have created is not that difficult to achieve and is very clear to understand. Next is the moderators, which in this case is the management which communicates the results from the Diversity Index question through the company’s intranet to gain feedback from their employees. By allowing their employees to give their feedback on various situation can influence changes in the departments that are needed as well as related those individuals that are perceived as being the high spirited in the company for a reward. Next we have the mediators which are the over 36,000 employees that give their feedback on the situations and comments. With the goal difficulty being at a low level the effort should be high from the employees taking the time to give their feedback. By giving the employees rewards even as simply as a pat on the back could make a difference in that individual’s life. They could have been having a bad day a that one little reward could have pulled them through it thus giving them the satisfaction of...
Words: 1037 - Pages: 5
...individual households, firms, politicians, bureaucrats and many others. The stronger a particular interest group the more prominent its ideology will manifest in the overall political scenario. In a country with federal character, where different interest groups are prominent at different levels, different ideologies exist side by side at the same juncture. The political scenario in different states may be different. Even at the centre, the political scenario may change with changes in the dominant interest group. As opposed to diverse political environments in a particular country, a particular political ideology may be found in more than one country. It is because the ethnic background, language, religion and so on bring many countries within the fold of one common political ideology. For example, it was the ethnic considerations that brought Serbs of the neighbouring regions into one political umbrella known as Greater Serbia. Thus political environment is marked by both diversity and uniformity. The political scenario often varies between the two extremes democracy on the one hand and totalitarianism on the other. The purest form of democracy represents direct involvement of citizens in policy making. But with growing time and distance barriers over time, it did not remain feasible for all citizens to participate in the political process; and as a result, democracy turned into a representative democracy where only the elected representatives have a say in political decisions...
Words: 2934 - Pages: 12
...information of ethics, morals, views, or actions. In culture, information can be a result in skills, attitudes, belief, unlike persons, or services. In cultural diversity, there is an intellect of conduct that has been well-read from involvements or designs approved through messages after one group to the following. Sub-Culture are groups in or lesser than a cultural group which takes individuals of a dissimilar cultural family, place of residence, faith, or new thinkable factors that can transport the group together. Ethnicity shows a big part in culture as of today. Ethnicity, or cultural individuality, mentions to connect in cultural groups. Culture groups are clear by common ethnic performs, such as holidays, languages, and customs. Individuals can part the similar ethnic group then have dissimilar ethnic groups. In this paper, personal issues will be discussed within cultural diversity, understanding of the concepts, and reflects on the American Counseling Association (ACA) and National Association for Alcoholism and Drug Abuse Counselors (NAADAC) codes of ethics. Cultural diversity is the cultural variety and cultural changes that are in the world, a culture, or an organization. It is also the presence of diverse people in a set or society. Cultural diversity (also known as multiculturalism) is a group of diverse individuals with consist of different cultures or societies. Typically, cultural diversity takes into consideration language, religion, race, sexual orientation, gender...
Words: 2203 - Pages: 9
