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Budgeting for International Operations: Impact on and Integration with Strategic Planning
By Juan Rivera, Ph.D., CPA, and Ken Milani, Ph.D.
Budgeting in a global business environment calls for companies to have an enhanced level of coordination and communication because of the variety of powerful components that impact organizational performance. The authors examine how international issues influence the budgeting process of multinational companies headquartered in the United States and offer advice on how to make the process work well.
How Boards of Directors Perceive Risk Management Information
By Brian Ballou, Ph.D.; Dan L. Heitger, Ph.D.; and Dale Stoel, Ph.D.
Boards of directors are taking on a greater role in overseeing the risk management efforts of publicly traded companies, and they need certain information from companies to be able to do the job. To find out what information board members need and how well they think their organizations are managing risk, the authors surveyed members of KPMG’s Audit Committee Institute and found a wide disparity in the types and perceived quality of information regarding organizational risks.
Corporate Social Responsibility: An Examination of Practices in the Retail Industry
By Timothy Creel, CMA, CFM, CPA, CIA
Are retailers becoming more committed to socially responsible causes? To find out, the author examined the 25 largest U.S. retailers (by total revenues in 2009) to gauge the depth and breadth of their actions in this area. He presents details of these activities and how they relate to the companies’ core business, how skillfully companies communicate these practices to stakeholders, and what impact they have on the community.
Can Ethics Education Impact Whistleblowing?
By Tara J. Shawver, CMA, DBA
In order to encourage whistleblowers to come forward, it is extremely important for schools, companies, and other organizations to lay the groundwork for ethical behavior and promote it constantly. The author tells the story of how one small university on the East Coast is educating students to attempt to make that happen.
Is a Solar Energy System Right for Your Organization?
By Kenton D. Swift, CPA, Ph.D.
There is a growing interest in the potential of photovoltaic solar energy systems to provide electricity at a cost that competes with conventional energy sources. In this article, the author offers three real-world examples that describe what accountants and financial professionals need to know in order to decide whether to purchase such a system.