Mcdonald's Corporate Social Responsibility in Malaysia

Scoping and Evaluation Judgments in the Audit of Internal Control over Financial Reporting 12.1 EyeMax Corporation . . Evaluation of Audit Differences

McDonald’s Corporation are the most successful and popular fast food brand in the world, holding the largest fast food market share and being the leading fast food restaurant chain in terms of world sales (8%). They are the second greatest outlet operator with more than 34,000 outlets, serving worldwide to 69 million customers daily, across 119 countries. Their brand is the seventh most valuable and

Nonetheless, Malaysia is still not in a subsidence period when contrasted with Singapore or United States. Indeed, even with the devaluation of Ringgit, genuine GDP development is conjecture an increment from 5.0% 2008 to 5.2% 2009.Even with current financial condition, McDonald’s stays optimistic. According to Business Times (2009) "McDonalds Malaysia expects its conveyance administration business to bounce 40 percent as its new call center can deal with more requests". More than 2 million is used for building the new call center. What's more, Azmir Jafaar the managing director, promised that the organization had arrangements to invest another 80 million on 2009 for 15 and 20 new McDonald restaurants to

Etzioni states that working at McDonald’s provides no education or benefits to its employees. He believes that McDonald’s fails to offer discipline, individuality, or creativity due to the franchise’s pre-made food and elementary tasks. Etzioni further suggests that fast-food related jobs provide no educational benefits and result in poor academic performance.

To stop McDonalds from taking the life out of teenagers, Managers should be put back into place like they were back in the day. Money should be managed better by the teenagers themselves and parents should help their child if he/she is struggling with their spending habits, while work hours for each teenager should be reduced in order provide them enough time each week to help them keep up in school work. It seems like every year McDonalds is faced with a hard task of trying to keep their customers happy. Several studies have shown how disgusting their food is while they have also shown how unsanitary their franchises have become in certain locations. Now they are faced with keeping their employees happy. McDonalds is starting to meet their match and I think it’s only a matter of time before they call it

There are many political factors that have the potential to influence McDonald’s in the near future. One of the main

In this report I will be reviewing McDonald’s 10-K SEC Filing for the year ending in December 31, 2015. This review will include items regarding their deferred taxes, tax provisions, earnings per share and investing and financing activities just to name a few. These type of items help investors determine how well a company is doing and if

McDonalds is a corporation that has great success because of good strategy and planning. In the next five years, McDonalds needs to keep up with the changes of the consumer and social

McDonald’s had been losing revenue to some of its competitors, namely Wendy’s and Burger King; but in October, these figures grew by .9% when the market shares reached $27.4 billion in total revenues. McDonald’s earned nearly $25 billion more than its closest competitors. At a recent investors’ meeting, McDonald’s stated that it is returning $30 billion to its shareholders through dividends and shared buybacks(Reeves, 2015).

Internal controls are regulated by the Sarbanes-Oxley Act of 2002. This act assigns responsibility for a company’s internal controls on its executives and directors (Kiesco et.al., 2008). This assignment of responsibility forces the company to use effective internal controls by making a certain group responsible. The act also established the Public Company Accounting Oversight Board which regulates the activities of auditors. Together, assigning responsibility and defining the standards of auditors, the Sarbanes-Oxley Act of 2002 helps to safeguard a company’s investments, assets and future successes by discouraging fraud and theft.

· McDonald's strives to create a work environment where everyone can expect to be treated equally with dignity and respect

Headquartered in United States of America (USA), McDonalds is known as the emblem to globalization with their successful worldwide franchises. McDonalds are a leader in the fast food industry. They have served over 68 million customers daily (Burger Business, 2012). McDonalds have around 35 000 restaurants worldwide, with 1.9 million employees working under their majestic corporation. Furthermore, 80% of their restaurants are franchised (McDonalds, 2014). Forbes (2013), ranked McDonalds #6 in the world’s most valuable brands. With a brand value of US$39.4 billion and US$88.3 billion of revenue, McDonalds topped the restaurant industry in the list. Now, how did McDonalds came about this success? Entrepreneur Ray Kroc bought over McDonalds in 1954 from the McDonalds brothers that saw the growth of the successful business (McDonalds, 2014). Ever since then, McDonalds had been the name on everyone’s lips when talked about scrumptious, tender, mouth-watering foods. McDonalds stated, “By 1958, McDonald’s had sold its 100 millionth hamburger.”. It was a success like no other. McDonalds were one of the first to bring the concept of fast-food in the food industry at the early era of 50s. It catered to its most famous menus – Filet O Fish, Big Mac and Egg McMuffin.

McDonalds Company functions in a global restaurant industry, where it franchises and operates restaurants. The revenue of the company consist of fees from franchised restaurants and also from the sales generated from the company operated restaurants. Management of the company examines results on constant currency basis which excludes the effect of the foreign currency and considers average exchange rate of the prior year to calculate. Company do not record any transaction related to the sale or purchase of the franchisees business in the consolidated financial statements. The company operates on diversified geographic segment and equity method where investment 50% or less i.e. Australia, China and Japan. Company regularly checks the fair

The McDonalds Corporation’s strong internal workings also serve as benefits. In 2005, Fortune Magazine listed McDonald's as the "Best Place to Work for Minorities." McDonalds also invests more than $1 billion annually in training its staff, and every year more than 250,000 employees graduate from McDonald's specialized training facility called Hamburger University [4]. McDonalds also offers scholarships and opportunities to earn college credits for their employees who are still in school [5]. Internally McDonalds also has high standards for food safety regulations. While this might not be more to avoid lawsuits than to take care of their customers, McDonalds claims to go above and beyond national regulation to bring its customers a clean and health dining experience [5].

Free Cash Flow- McDonald’s FCF increased from 2007’s $1.16 billion to almost $2 billion, which is a huge increase indicating the company has enough to cash flow from operations to purchase property, plant, and equipment and pay dividends to shareholders.