StudentShare solutions
Triangle menu

Applied Financial Management - Essay Example

Nobody downloaded yet

Extract of sample
Applied Financial Management

The financial statements provided a favourable picture of the organization which was not true as a result the trust of the shareholders was affected with the exposure of the accounting frauds and with the collapse of the company all the stakeholder of the company were hugely affected. Another major corporate collapse was the fall of HIH Insurance which also fell due to the non transparent financial statements. The fall of a company affects not only its members but to every stakeholders which includes the economy too. The two major collapses indicated the importance of the corporate governance. Every country follow one or the other system of corporate governance but with the increase of operation of companies in different countries, should the different system of corporate governance should be converged or not is a matter of question. In this project the concept of corporate governance including the different systems of corporate governance has been discussed. With the era of globalization were different companies are operating around the globe; the topic of convergence of the different system of corporate governance has also been discussed. ...
Corporate governance provides a basic structure to the organisation on how it should be operated. It contains the ethical standards which should be followed by the organisation. Corporate governance contains the process which the company follows, the customs and the policies which are adopted by the company. The corporate governance specifies the company’s accountability to the different stakeholders of the organisation. It establishes the relationship between the various stakeholders of the organisation. The stakeholders include the shareholders, suppliers, fund providers, customers, government and the society in which the business is operating. The stakeholders also include the internal members of the organisation like the management, board of directors, employees etc. Corporate governance is also related with the corporate social responsibility of the company. The corporate scandals and the collapse of the two different corporate giant as mentioned in the above part signified the importance of adequate corporate governance. Every person whose interest lies on the operation of the company, directly or indirectly, is associated with the corporate governance. This makes the employees of the organisation also a member of corporate governance as they receive salary and other benefits for working in the company. The other members associated with the corporate governance are board of directors, managers, other company officials, auditors, shareholders, customers, suppliers and lenders. All these members are affected by the financial performance of the company. The corporate governance directs the management on the internal and the external factors of the organisation. The internal factors range from the remuneration, power, process of internal control ...Show more

Summary

Applied Financial Management Contents Contents 2 Introduction 3 Concept of corporate governance 3 Different system of corporate governance 5 Anglo American system of corporate governance 5 Insider system of corporate governance 6 Convergence of corporate governance 7 Views in favour of convergence 7 Views against the convergence 8 Conclusion 8 Reference 9 Introduction Enron, a leading company of United States, which rose tremendously during 1990s and was rated as the most innovative company by fortune magazine, filed for bankruptcy in 2001…
Author : walkerbode
Applied Financial Management essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Applied Financial Management"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Financial Management
In a merger both companies usually surrender their original stock and issue new stock for the new company of organization formed. (Sherman, 2010) Acquisition on the other hand, refers where a large company which is financially stable buyout a small company.
8 pages (2000 words) Essay
Financial Management
569). It essentially provides a structured framework through which takeovers are carried out and to uphold the reliability of the financial markets in combination with regulatory regimes of other places. Matters of financial or commercial merits or demerits of takeovers are up to the company and its shareholders to decide, it is not concerned with them (the panel).
7 pages (1750 words) Essay
Financial management
Matters related to commercial or financial merits or demerits of takeovers are for the company and its shareholders to decide, it is not concerned with them. Its goal is to provide an orderly framework within which takeovers are conducted along with the promotion of the integrity of financial markets.
6 pages (1500 words) Essay
APPLIED DATA MANAGEMENT
As business grows, the requirements of maintaining proper information regarding every communication, reports, outcome of every survey, financial statements and description of services among others also increase. Besides, since data backup is also necessary, constant retention of data also increases the volume of information, making it difficult for any organisation to find proper data and to manage in such a way so that it can enhance business effectiveness.
7 pages (1750 words) Essay
Financial Management
For much of the past century, Sainsbury was the market leader in the UK supermarket sector. In 1995, however, it lost its place to Tesco, and years later, in 2003, it was displaced from that spot by
16 pages (4000 words) Essay
Financial Management
conducts a business outside the country where it is based, the company is said to be exposed to some foreign exchange risks, where the fluctuations in the differences between the home countrys currency and the host countrys currency may result in adverse impacts in the companys
8 pages (2000 words) Essay
Applied International Trade Management
It also accounts for two thirds of import and one third of exports (Auckland City Government, “Driving forces in the Auckland region”). The robust economic growth and increased consumerism can be considered as
16 pages (4000 words) Essay
Financial management
In addition, the financials and policies of Caterpillar Inc are compared with the financial performance and practices of its competitor i.e. Johnson
20 pages (5000 words) Essay
Financial management
Perfect market is the market place in which the organisations are the price takers, as the price of share derived are based on the demand and supply of share in the marketplace. Furthermore, the investors relatively have significant
9 pages (2250 words) Essay
Applied Financial Management
In addition, the financials and policies of Caterpillar Inc are compared with the financial performance and practices of its competitor i.e. Johnson
20 pages (5000 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment
Contact Us