Business Finance Essay

1212 words - 5 pages

In today's business environment a company must be seen as being ethical. This applies to internal and external operations. Companies should implement internal policies and procedures to insure employees are treated fairly. Externally a company needs to use accounting procedures that gives investors an honest look at the company's financial performance. This is why there are controls in place such as generally accepted accounting procedures (GAAP), and the Sarbanes Oxley's law, that was put in place to establish rules that could be trusted and used to evaluate different an organizations. In this paper Team A will analyze the Pepsi Companies Ethics policies and financial performance through the use of current, debt, return on equity, and days receivable ratios.Tracey - Pepsi Co has consistently led the industry with outstanding financial performance, with that comes a higher standard of performance and how its employees conduct themselves. Pepsi Co has established a code of conduct, this code of conduct sets forth the way Pepsi Co ensures ethical behavior will be met. In this code of conduct it discusses how employees will respect all employees including diversity. It also discusses the procedures for all employees, subcontractors, contractors, agents and their employees to report any conduct or situation that conflicts with the code of ethics or violates federal, local and state law to their immediate supervisor or call anonymous to the Speak Up hotline. Pepsi Co is committed to reviewing any report in a prompt manner and taking remedial action. Pepsi Co is also committed to protecting the rights of those individuals who report the issue. Each employee has a responsibility to understand the Code and to comply with it. If a situation is not clear the employee must seek guidance from the manager, Pepsi Co's General Counsel, or the General auditor or the Speak Up hotline. Pepsi Co also has an Ethics Advisory Board this advisory board deals with diversity and inclusion; it provides management with external viewpoints on certain issues. The advisory board consists of an African American Advisory Board and a Latino/Hispanic Advisory Board.Pepsi Co's code of conduct states that they will ensure all documents and reports that they submit to the Securities and Exchange Commission (SEC) and in other public communications are full, fair, accurate, timely and understandable. The code of conduct also states each employee must keep a record of all transactions and the employees are expected to cooperate with internal and external audits. Under a new rule with the SEC, Pepsi co must file signed affidavits certifying their third-quarter earnings. The affidavits are and attempt to build investors confidence in the stock market, especially since Enron and WorldCom. The deadline is August 14(Preziaso). The SEC ordered companies to file sworn statements on June 27, on July 29 947 public companies posted revenues at 1.2 billion or more that are required to file...

Find Another Essay On Business Finance

Reed's Clothier Case Study - Business Finance

881 words - 4 pages Net Profit Margin 5.0 7.8 Return on Common Equity 16.0 25.9 While comparing the ratios of Reed's Clothier to the industry, it is clear that the decision to keep a lot of inventory on hand was a bad choice on Jim's part and had a huge impact on his business. The inventory is a great reflection of assets, but it does not generate revenue for the store. His inventory turnover ratio of 2.9 is well below the industries standards and the

Business Management Finance /Time Value Money Paper

833 words - 3 pages The time value of money (TVM), also known as discounted present value, is one of the main concepts of finance. The time value of money is based on the idea that one will prefer to receive a certain amount of money today than the same amount in the future, all else equal. As a result, when one deposits money into a bank account, one demands interest. Money received today is more valuable than money received in the future by the amount of interest

Ethics and Compliance Finance For Business

2674 words - 11 pages million customers a year.Despite their reputation as being one of the most successful retailers in the world, the Wal-Mart organization is not without its share of growing pains and headaches. The company has been assailed by environmentalists, unionists, women's and minority rights advocates, fair trade commissions and suppliers as well as state and local governments claiming unfair biases and misleading business practices. Opponents and

Pepsi-Cola Ethics & Compliance Business Finance Report

1830 words - 7 pages In running, an organization there has to be key players who are in charge of the daily business needs. Organizations have a President, Officers, Treasurers, Chief Financial Officers and Chief Executive Officers to name a few. These employees are in charge of making sure the business is successful and profitable. If the numbers or the bottom line does not look good, these employees are accountable for the results. Looking at fortune 500 companies

Full Finance report for New business idea

7105 words - 28 pages 0 250820444 250627318 250524029 250670299 250672633 250695979 250682975 Business 2257 Section 003 - SH2355 Ian Dunn & Richard Bloomfield June 16, 2014 Word Count: 2,380 1 Executive Summary As Mary Smith, considering the re-opening of Carswell Cinema, it is determined to be an infeasible enterprise and is recommended that the municipality of Edgeville should not proceed with supporting renovations to the building. After analyzing industry

Finance

922 words - 4 pages Finance ProjectTarget - What's happening with Target? Merger online as far as plan to buy/ future plans/ CEO compensation % stock own../ insider's plan… if executive selling (hint for stock value going down) INSIDERS TRANSACTIONS - not seculed or not - Scottsdale (Option exercise)M&A and DivestituresCapital StructureDistributions to ShareholdersDo nothingM&A & DivestituresCurrent marketLayoffs, consolidation and

finance

3783 words - 15 pages Appraisal of Dividend Policy ofACI LimitedCourse Code: FIN 435Course Title: Managerial FinanceSemester: Summer 2013Section: 01Submitted toDr. Tanbir Ahmed ChowdhuryProfessor, ChairpersonDepartment of Business AdministrationEast West UniversitySubmitted byTawfiqul Islam ID: 2010-2-10-161Md. Shafayat Ullah Bhuiya ID: 2010-2-10-151A.H.M Raihan Kaiser ID #2010-2-10-394Junidul Islam Jaky ID:2010-2-10-290Risalat Khan ID:2010-2-10-333Rabiul Auyal ID

International Finance

862 words - 3 pages , 2005).Numerous examples have illustrated how the financial activities of finance departments have developed a scope that has rivaled that of the primary business. In several cases the loss on currency and/or derivative positions has resulted in substantial financial loss. However, the corporation cannot let horror stories of financial failures lead to a policy of ignoring the financial risk of the primary business and opt for a passive "hands off

Structured Finance

651 words - 3 pages tools of structured finance merely to borrow money in a way that it would not show up in the balance sheet as a liability.Ć ConclusionStructured finance transactions can serve a number of legitimate business need. They often provide originators with access to capital markets when they lack sufficient credit quality and/ or size to access those markets directly. They provide the originator with liquidity and funding as well as risk transfer

Corporate Finance

1048 words - 4 pages CHAPTER 5 CONCLUSION AND POLICY IMPLICATIONS 5.1 Conclusion According to the conventional corporate finance literature, in a perfect capital market, the financing decisions of firms should be irrelevant. The main implication of such theory is that given that there are no perfect capital markets, the financing decisions of firms do matter and should have significant consequences on the performance of these firms. There were two major

Personal Finance

2521 words - 10 pages 1IntroductionWhether it is a personal loan, a mortgage, or in this circumstance, a credit finance for a vehicle, debt is an every day expense in which we all at some stage succumb to. With most necessities in life being out of most peoples price range, it is only through personal finance in which it makes it possible to afford some of life's requirements such as houses and cars.Dr Harry Zaphir, Professor of Business and business management

Similar Essays

Finance For Business Expansion. Essay

1562 words - 6 pages A business faces three major issues when selecting an appropriate source of finance for a new project (Jay 2003):1. Can the finance be raised from internal resources or will new finance have to be raised outside the business?2. If finance needs to be raised externally, should it be debt or equity?3. If external debt or equity is to be used, where should it be raised from and in which form?EQUITY FINANCE.There are two main sources of equity

Sources Of Finance For A Business

2464 words - 10 pages Sources of Finance for a Business For a business to successfully run, it must have sources of finance. These are methods of financing the running of the business, buying of stock and paying of workers. Small businesses and large businesses have different sources of finance. In this section, I will discuss the different sources of finance used by small and large businesses, and the advantages and disadvantages of each

Business Finance Ddm Model Essay

713 words - 3 pages Part One : 1) Artic Cooling 2) National Heating & Cooling 3) HVAC Corp = 18.52 = 9.46 = 20.77 PE ratio = 18.52 PE ratio = 9.46 PE ratio = 20.77 Industry Simple Average PE Ratio:= 16.25Ragan's Stock Price:EPS of Ragan = = $3.2Stock Price based on Industry Benchmark PE:16.25 = = 52Thus , the stock price is $52 if the firm's earning is 320,000.Part Two"Caution is warranted when using PE ration to value stocks".There are two main

Business Finance Is Concerned With The Investment And Financing Decision Of Firms. All Investment Must Be Financed.

3784 words - 15 pages Business FinanceIntroductionBusiness finance is concerned with the investment and financing decision of firms. All investment must be financed. Firm raise their finance in various ways; through short term and long term funds. Because resources in this world are scarce, investment involves choice and sacrifice. The firm must choose between rival projects; by choosing some it forgoes others. Since the firm is owned by shareholders, it is expected