The Open University (OU) • Accounting

An effective incentive and reward system is therefore critical not only to GlaxoSmithKline, but to any corporate entity that aims to grow and dominate considerable market shares in the global market. A polished, comprehensive draft.

Fair value accounting is a financial reporting approach through which organizations ought to evaluate and provide information on a regular basis regarding specific assets and liabilities. From a general perspective the given assets can be termed as financial instruments and the measure is in terms of the prices they can get fro the sale of the given assets or being relieved from their liabilities. Although fair values has had part in U.S. generally accepted accounting Principles (GAAP) for a lit...

On 31 January 2013, Margaret Hodge, chairman of the UK House of Commons public accounts committee, told specialists from PwC, Deloitte, Ernst & Young and KPMG that their skills ought to be directed to nobler ends than minimising tax bills for big business. She said, “What really depresses me is you could contribute so much to society and the public good and you all choose to focus on working in an area which reduces the available resources for us to build schools, hospitals, infrastructure,”...

The Justification for Banking Regulation (Chapter 9.1. of Microeconomics of Banking, by Freixas, X. and Rochet, J.C.)

Recent scandals and events have shown that accountants’ interests and needs do not always coincide with those of the state and its citizens, which raises questions about the effects that such “divergences” may have on accountancy’s claims of being a profession.

The fragility of the banking sector has been said to have contributed to the 2007-2008 financial crisis. After then, regulators have set stricter banking regulation aimed at tackling specific issues, such as moral hazard, transparency and risk management. The problem is that as regulated as the banking sector may be, it is the very structure of banks that makes them fragile, as their assets are mainly illiquid, while their liabilities are liquid. There are also numerous conflicts of interest tha...

Management Accounting. The Strategic and Dynamic Role of Management Accountants. Management accountants have traditionally been responsible for the collection and provision of useful and relevant information to decision-makers (Aaver, Aaver & Cadez, 2009).

Investment management, relative returns vs absolute returns. Brief analysis of Unilever and Transco's portfolios. Basically, relative returns are better.

To what extent and why has financialization increased the instability of capitalist national economies since the 1980s. Although financialization has been transforming capitalist national economies since the 1980’s, its current “popularity” mainly stems from the 2007-2008 Financial Crisis, as numerous analysts and economists have identified this particular process as a major cause of the subprime mortgage crisis and the subsequent collapse of several financial institutions across the Unite...

An analysis of the complex relationship between accountants and the state and its impact on the accountancy profession. Recent scandals and events have shown that accountants’ interests and needs do not always coincide with those of the state and its citizens, which raises questions about the effects that such “divergences” may have on accountancy’s claims of being a profession.