Management accounting concept Essay Example | Topics and Well Written Essays - 1500 words

Management accounting concept - Essay Example Moreover, the paper will also entail the affiliation between moral hazard and decision making along with relevant information. QUESTION 1 Moral hazard is an interesting area of research in management accounting as it deals with various significant aspects concerning the perception of the managers in making effective decisions, determining disciplinary aspects and mitigating ethical issues. The area of moral hazard forecasts that the activities of the managers are hard to monitor and the compensation along with the financial decisions are linked with the performance of individual managers. It can be affirmed that moral hazards differ from one person to other based on the mental attitudes and the intention of the individuals to perform various operational functions. The moral hazards mainly occur due to the unethical practices that perform by the individuals or the managers belonging to any organization in order to attain personal along with organizational benefits. In this similar con text, moral hazard can be explained from various aspects such as a company is running in loss. In order to recover such loss, the manager of the company arranges for fire to destroy the building and claim the money from the insurance sector. This denotes the conduct of unethical practices by the manager, resulting in causing moral hazard. The decision making with regard to moral hazard may lead towards the occurrence of several disciplinary actions and also data forgery. The decision concerning data forgery, at certain times may lead towards the conduct of unethical practices by the employers towards the employees. In management accounting, decision making mainly motivates the employees to perform their respective operational functions effectively (Sprinkle and Williamson 414-448). The area concerning moral hazard is evident particularly at the time when the managers belonging to any organization acquire valuable information from the accountants regarding financial data and misinter pret those for personal gain. This practice ultimately raises the conduct of moral hazard affecting the managerial compensation level of the organizations at large. It can be affirmed that the conduct of moral hazard in the management level hinders in forecasting true and real picture of organizational performance. The area of moral hazard within the context of management accounting research is quite interesting as it can be eliminated through making effective decisions and also through following ethical principles by the stakeholders and the employees ethically. It is worth mentioning that the judgment regarding the morality of business and management is quite crucial. The area concerning moral hazard delivers significant benefits to the managers and the organization as well. In the context of management accounting research, the intention of the managers is often to adopt effective decisions without forging valuable data, resulting in motivating the employees to perform better. Thi s behavior might certainly support an organization to increase its overall performance by a certain degree (Sprinkle and Williamson 414-448). QUESTION 2 In order to determine about how the area of moral hazard could benefit the managers, it can be affirmed that it depends on the perception and the mental thought process of the managers. A manager, who is honest might work in accordance with the information provided and formulate accurate data. Moral hazard is when, the manager for his/her personal benefit forges the data provided and capitalizes on it. The managers might not take proper disclosure of policies for availing personal benefit. In this regard, moral hazard benefits the managers in terms of implementing policies that would provide them personal benefits by not

World War I Essay Example for Free

World War I Essay The first world war of 1914 was mainly driven by conflict of interest in credit and commercial contracts among nations. This is because during this time economically civilized nations had engaged their efforts in embracing the competitive advantages brought by economic interdependence and communication. According to Norman Angell, the growth in economic integration that was evident among European during this time made it futile for the nations to ever engage in war (Angell, 2007). Nevertheless, economic protectionism and imperialism by individual nations could no doubt prompt military uprising as countries strived to ensure that their territorial wealth remained in its population’s possession. Although economic and territorial power expansionism has been blamed for the 1914 world war, not even the participants’ local population gained significantly from the fight. The major force behind the bloody conflict was actions by nations to undermine the smooth course of credit-interdependence due to assumed military power dominance (Herwing, Hemilton, 2003). However, even with power, principles of sustainable harmonious survival of the dominant power could only be realized based on its upholding of ultimate respect for the property rights of its enemy. This nevertheless contradicts the economic motives of conqueror in acquiring the territory, a factor that promote conflict of interest. Therefore, the 1914 world war was evidently triggered by the forces of economic dominance through conquering of territories and accumulation of wealth by the conqueror (Herwing, Hemilton, 2003) Based on this reason, the world was inevitable without effective laws governing economic wealth and territorial ownership rights. Even in this late time when numerous international laws serve to mitigate interstate conflicts, breach of credit and economic contracts compromise international relations among nations. Thus, the war could not have been stopped. References Angell, N. (2007). The Great Illusion. New York: Cosimo, Inc. Herwing, H. , Hemilton, R. (2003). Origins of World War One. New York: Cambridge University Press.

Foreign Corrupt Practices Act and Teva Pharmaceuticals

Foreign Corrupt Practices Act and Teva Pharmaceuticals Corbin Wright Teva Pharmaceuticals is the largest generic pharmaceutical manufacturer in the world[1]. As of December 22, 2016, Teva Pharmaceuticals now holds the record for the largest fine by a pharmaceutical company for violating the foreign corrupt practices act. The settlement amount includes $283 million fine from the DOJ and a subsequent $236 million fine from the SEC. This total fine of $519 million far outweighs the previous record of Johnson Johnsons $70 million fine from 2011[2]. The question remains, what did TEVA Pharmaceuticals do that required a fine of $519 million? This paper will discuss the purpose of the FCPA, what Teva Pharmaceuticals did to receive a fine, and what we can learn from their mistake. The purpose of the Foreign Corrupt Practices Act (FCPA) is to prohibit bribery by any company or person who does business in the United States. This includes not only United States citizens, but also foreign executives and businesses that have operations in the United States. While the act is imposed on businesses that have dealings in the Unites States, the FCPA was especially designed to prohibit bribery in countries outside the United States. The United States doesnt want its companies or people to use bribery as a form of persuasion abroad-whether legal or illegal. By allowing companies to give bribes, this would give these companies an unfair advantage over their competition and give a bad representation for United States. Even if the bribe is typical business conduct in another country, the government will impose harsh fines for those who violate this act. Over the last few years, Teva Pharmaceuticals, specifically Teva Russia and Teva Mexico (Fully owned subsidiaries of Teva Pharmaceuticals) have been bribing foreign officials in order for them to buy more of their drug named Copaxone[3]. While nothing was wrong with this drug from a scientific aspect, Teva was implementing many different measures to increase revenue for the company. Keisha Hall, a former employee and director of finance for the Latin American division, filed a lawsuit stating that, Tevas unethical practices included unauthorized payments to doctors in Chile, bribes to physicians working in regional hospitals, and low inventory controls in Mexico[4]. In another report coming from Ukraine, Teva à ¢Ã¢â€š ¬Ã‚ ¦provided various things of value to a Ukrainian Official to induce him to use his official position within the Ukrainian government to improperly influence the registration of Teva pharmaceutical products in Ukraine. The DOJ investigation revealed emails that explained how TEVA would pay these government officials with money from the incredibly high margins their drugs were being sold for in exchange for influencing the Russian government to purchase this drug through Teva. Teva subsequently entered a plea deal to cooperate with DOJ and SEC. However, because Teva failed to voluntarily self-disclose the FCPA violations to the Fraud Section the fine was not discounted. Teva claims it has since redone its corporate governance program, ceased relationships with fraudulent 3rd parties, and removing any necessary employees[5]. They have also boosted their internal control procedures. Teva Pharmaceuticals disobeyed the law and reaped over $214 million in excess illicit profits by paying government officials around $60 million in kickbacks[6]. While some may argue they were just trying to increase revenue and werent harming anyone, they manipulated the market and broke the law. A fine that is roughly double what they made in illicit profits now seems reasonable. Teva Pharmaceuticals has received pretty negative press and the stock price reflects consumer sentiment. Since 2015, the stock has fallen from $70 per share to $33 per share. While bribing may seem like a quick way to generate extra revenue, the downside outweighs any benefit. As the government continues to give out these large fines, hopefully corporate America will start to act more ethical. [1] https://www.verywell.com/the-top-7-generic-drug-companies-2663110 [2] http://fcpaprofessor.com/depth-519-million-teva-fcpa-enforcement-action/ [3] http://fcpaprofessor.com/depth-519-million-teva-fcpa-enforcement-action/ [4] http://www.fiercepharma.com/pharma/teva-sets-aside-520m-to-settle-bribery-investigations-by-doj-sec [5] https://www.bloomberg.com/news/articles/2016-12-22/teva-agrees-to-pay-519-billion-to-settle-u-s-bribery-probe [6] http://www.marketwatch.com/story/sec-doj-fine-teva-pharmaceutical-519-million-to-settle-foreign-bribery-charges-2016-12-22

The Lie of the Land :: Haydn Middleton The Lie of the Land Essays

The Lie of the Land This is a list of explications--things a North American reader might need to know in order to make most sense out of Haydn Middleton's The Lie of the Land. I re-read the novel and made a list of unclear references or ambiguous words or terms. I included the page number and a short explanation of the context; I then proffered each word with the definition I was able to find! Before delving into my textual explications, let me add a short "preface" first. As I re-read Middleton's novel, I found myself intensely interested in the cultural differences between North Americans and the English from (you guessed it...) England. My fascination with the inexplicable difference, yet explicable intertwining of our two cultures is probably provoked by a book I'm reading for another class, Cultural Misunderstandings by Raymonde Carroll, a French anthropologist. Carroll has extensively studied the differences between Americans and Europeans, mainly French. She gave an interesting analysis concerning Americans and our way of conducting or cultivating relationships. Well, I was reading the novel again, and if you caught it, Rachel offers Alasdair an invitation to dinner. This might not strike you as significant at all, but hold on--note that here in the United States, we will frequently end a conversation with, "Call me!" or "Let's get together, sometime, okay? I'll cal l you sometime!" These advances are never realized, of course, but are merely conversation climaxers. Rachel says to Alasdair, "Look . . . you should come round some time with Maggie. We'd love to see you . . . " (25). A couple of chapters later, the dinner scene is a very significant addition to the story, hmm? Carroll made the comment that Americans portray themselves as superficial and flighty with their many unrealized invitations. Europeans, on the other hand, tend to extend invitations and set the date in the proceeding avenue of discourse. Details. Dr. Gilgun taught my Fiction class last semester, and we learned that details develop ordestroy the story. Details divorce me from the story or seduce me, leaving me wondering where reality ends and the surreal begins. Details characterize the culture behind the author, the culture in and within where delight is reached, found, discovered and eventually shared. But anyway . . . enough of diversion! TEXTUAL EXPLICATIONS--please feign acquiescence, and pretend that this list is complete and can stand alone; there were so many more textual nuances that I wanted to include! Hmm .

Associate Program Material Essay

Hard Drive Hard drives are complex storage devices in a computer. When installing a hard drive, you must consider numerous interface standards. You also must think about specific factors, such as the computer’s application, the type of motherboard, speed and noise, gigabyte barriers, subsystems, future storage needs, and archival issues. Refer to Ch. 8 of A+ Guide To Managing & Maintaining Your PC for a deeper understanding of these issues. You may measure hard drive performance by looking at three different sources of information. The first is the data rate, the number of bytes per second the driver can deliver to the processor. The second is the seek time, the amount of time it takes when the processor requests information from the driver and the first byte of information is delivered to the processor. The third is the memory capacity of the hard drive. For this assignment, you replace the internal hard drives from the computer featured in the Computer Hardware Simulator (CHS). The current internal hard drives are old and starting to fail. You need to replace the current hard drives with similar drives or drives with more storage capacity. Search the Internet for three types of hard drives compatible with the CHS computer, and enter your information for each drive into the New Hard Drive Chart below. After comparing the two drives, make a recommendation on which you would purchase and justify your decision. You only have a budget of $45 to work with, so choose carefully.

Out of the Dust Essay

In the novel, Out of the dust, Billie Joe experiences conflict with herself, her environment, and others. Additionally, she has great conflicts with her dad. They secretly blame each other wanting the other to know they accidently killed the mom. Billie Joe also has to deal with the dust. The dust kills families and destroys homes. Futhermore, she also has a conflict with herself. She knows she accidently killed her mom, but despite tragedies and conflicts Billie Joe knows that her family loves her and they forgive her by coming together to help each other live in peace. Billie Joe works against herself by blaming and limiting herself. For example, she stops trying to heal her hands. She has an amazing talent of playing the piano, but since she suffered burns on her hands, she limits herself by not practicing. Without her mother’s support, Billie Joe can barely go on in life without thinking of her mother’s death. Billie Joe still has her dad but both stay stuck in the horrible past. She and her dad both move on knowing they love each other and that they can help one another get through the horrible times. Billie Joe encounters nature in a horrible way. He dust causes huge problems for the people living in Oklahoma and all the dust bowl states. The dust comes in as thick clouds, burying houses and sickening families. Billie Joe cannot wait to leave her town along with other families wanting to escape from the dust and drought. She makes a decision to leave Oklahoma on a train. After Billie Joe arrives in California she realizes that the dust defines her and she can’t leave her dad at home to live by himself. In the novel, Out of the Dust, Billie Joe finds herself battling for a relationship with her father. Billie Joe and her father both know they have a part in the mother’s death. They both secretly blame each other wanting the other to have the guilt instead. In the end, Billie Joe and her father come together knowing the both love each other and they can’t afford to lose each other. In the end, Billie Joe still experiences conflicts with herself, her environment, and others. As she goes on in the book, she finds that if she comes together with her father they can help each other move on from the tragedy. As the dust comes into her town, Billie Joe struggles to live her everyday life. She then runs away but decides that the dust defines her and she must go back. Billie Joe then has to deal with not blaming herself about her mother’s death. Billie Joe figures out that if she ultimately accepts her family, she can defeat any battle thrown her way.