The Ministry Of Corporate Affairs Essay

1.What are conversion factors? Why were conversion factors developed? How do they impact on which bond is cheapest to deliver? Under what conditions would there be no cheapest to deliver? Explain in detail.

Please note that this Assessment document has 8 pages and is made up of 7 Sections.

Corporate Social Responsibility (CSR) is a very controversial topic. A question that has been debated for the past few decades is; is it corporately viable to introduce social responsibility as a proposed addition to the work ethic of business organisations. As well as, if adopting the framework of corporate social responsibility would yield positive improvements for those organisations.

The thesis deals with the above concepts and discusses how the Companies Act 71 of 2008 (the Act) modified the law, particularly, by extending the legal capacity of a company and extinguishing or modifying the above rules which had previously restricted a company's ability

One must also remember the many acts that were set up to require companies to let the Secretary of Treasury know their financial condition, such as The Budget and Accounting Procedures Act of 1950. The Chief Financial Officers Act of 1990 made companies prepare annual audited financial statements for certain funds (The Chief Financial Officers Council and The Council of the Inspectors General on Integrity and Efficiency, 2011). Later, this act made all agencies covered under the CFO Act in the Government Management Reform Act of 1994 and to all executive agencies in the Accountability of Tax Dollars in 2002. The CFO also requires the directors of the Office of Management and Budget to supply annual financial reports and a five-year

This research project will analyze the recent changes in the disclosure requirements for income taxes. On July 26, 2016 the Financial Accounting Standards Board (FASB) published for comment a proposed Accounting Standards Update (ASU) on Income Taxes (Topic 740): Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes. The FASB had received 52 comment letters by the due date of September 30, 2016. The Board issued the amendments in the proposed Update on Topic 740 as part of the disclosure framework project. The new ASU would change, add, and cancel previous income tax accounting disclosure standards. The new amendments would include requirements for all entities (public and private) to disclose certain

It affects the businesses by making the corporate officers can interact with the auditors. The act gives more independence to outside auditors as well. With the new act every business should know that every financial statement they produce should be valid and able to be backed up. Businesses can no longer get off the hook for simply not knowing that they were

The Financial Accounting Standards Board (FASB) writes the code that directs certified public accountants and accounting professionals in non-governmental environments. On occasions, the FASB proposes changes to those accounting standards. This process includes exposure drafts. The issuance of exposure drafts is for individual and business comments. The input from the respondents in comment letters is analyzed and considered by the board in the deliberations regarding the issue. "Proposed Accounting Standards Update – Presentation of Financial Statements (Topic 205): Reporting Discontinued Operations," published on April 2, 2013, discusses changing the reports to be more useful and reduce costs for preparers. This report will discuss the exposure draft in depth and the comment letters accordingly.

The need for clarification on the board requirements for a majority of independent directors as it relates to corporate governance is of great importance and would be discussed in this write up.

Most corporate financing decisions in practice reduce to a choice between debt and equity. The finance manager wishing to fund a new project, but reluctant to cut dividends or to make a rights issue, which leads to the decision of borrowing options. The issue with regards to shareholder objectives being met by the management in making financing decisions has come to become a major issue of recent times. This relates to understanding the concept of the agency problem. It deals with the separation of ownership and control of an organisation within a financial context. The financial manager can raise long-term funds internally, from the company’s cash flow, or externally, via the capital market, the market for funds

FASB issues different types of exposure documentation to solicit input on its standards setting activities, includes discussion papers, exposure drafts, preliminary views and comment section. One of standards and rulings that being contemplated through pending exposure draft document of FASB is the proposed accounting standard update on Statement of Cash Flows (Topic 230) specifically on classification of certain cash receipts and cash payments which is a consensus of the FASB Emerging Issues Task Force. The stakeholders has stated there are diversity in the statement of cash flows on how certain cash receipts and cash payment are presented and categorized. This proposal of accounting standards update is to provide solution on eight specific

Brenda Franklin had been serving Allied Tech for the past 8 years. As any other organisations, Brenda used to be a part of the lunch hour conversations with her colleagues. One day when her colleagues were discussing about corruption and politics, something occurred to her. As a result she prepared a list called “Ethically Dubious Conduct” and pasted it on the common notice board. Her colleagues were taken by surprise. Brenda was now anticipating the next lunch where she was expecting her list to be analysed among her colleagues.

There are 2 fundamental qualitative and 4 enhancing qualitative characteristics (https://www.iasplus.com/en/standards/other/framework). These are relevance and faithful representation as former group and comparability, verifiability, timeliness, and understandability for the latter group. This report already covered a part of Carnarvon’s assets- oil and gas related assets. These assets, however, make up roughly 47% of total assets. The other half, or 53%, is in current assets. These characteristics apply to each asset category, as well as Annual Report combined with ASX announcements, CEO announcements, and quarterly reports as a whole. Considering these parts as a one coherent information pack given to

The rise and fall of the Royal Bank of Scotland is characterized by poor corporate governance which allowed for the complete dominance of the executive management over the board of directors and a massive principal-agent problem. Positive social dynamics and the power of weak ties allowed for compliance while intimidation and bullying tactics silenced questions, concerns and opposition. The board’s utter compliancy and borderline negligence enabled rampant, unchecked empire-building at the cost of shareholder value and led to a spiral of unaccountability and gross incompetence. Stakeholders’ loss of confidence from misinformation and misdirection was an inevitability that sealed

This act modified the methods for many different subjects, such as financial and non-financial reporting, company communications with shareholders, and the responsibilities of company heads. The main role of the Act is to get managers to act in the best interests of shareholders. It additionally requires managers to think about the long-term effects of decisions; the welfares of the business’s staff; the business’s connections alongside suppliers, clients, and others; and the impression of the company’s procedures on the surrounding area. The Company Law Review Group was established by the government in 1998 in order to contemplate ways to modernize company law. The Company Law Review guidelines were the starting point for the modifications suggested by the Company Law Reform White Paper released in 2005. Then the White Paper proposals turned into an outline for a Bill, which then finally received official approval and passed in 2006, (companieshouse.gov.uk, 2014).