Students are asked to write a 3-5 page paper on the accountant’s role in Corporate Governance. They may pick CFO, CPA or IA or compare/ contrast the role of any two. They present their findings in a powerpoint presentation.
Corporate Governance Paper and PowerPoint:
Corporate Governance is the core responsibility of Boards, Board Committees and Management. This assignment examines how you role as an accountant relates to these groups. What information should an accountant provide to help guide and support the board and management? There are two deliverables; a paper presenting your opinion, and a powerpoint presentation based on your paper. The presentation will be posted for discussion. Additional information will be provided by your professor. Corporate Governance is the core responsibility of Boards, Board Committees and Management. As an accountant, what should be your role in relating to these groups? What information should an accountant provide to help guide and support the board and management. This paper should be at least three pages and no more than six single spaced with two lines between paragraphs.You must include citations in your text and a bibliography at the end. The power point presentation does not need a bibliography. Based on your paper prepare a power point presentation of at least five slides presenting your opinion.
Do a page and a half on United Airlines and on these topics:
IV. GAAP and non-GAAP matters
a. Financial Reporting
b. Rules and Regulations
This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.Introduction
By definition, corporate governance is the system of rules, practices and process by which a company’s management directs and controls the affairs of the company. In today’s globally integrated and highly competitive marketplace, a company’s corporate governance can either be an impediment or a catalyst to competitiveness and long-term survival. Sound corporate governance involves balancing the interests of the different categories of stakeholders such as shareholders, customers and suppliers. As the top governing body, the board of directors is charged with the responsibility of devising, implementing and overseeing the rules, practices and processes by which the organizations they lead are governed. However, coming up with these rules, practices and processes require accurate and reliable information, and this is where accountants come in. In particular, as the senior executives in charge of their companies’ financial affairs, Chief Financial Officers (CFOs) have a critical role to play in their companies’ corporate governance.
In an increasingly competitive business environment where change is the only constant, the role of the CFO in an organization is dynamic. The five core principles guiding the role of the CFO provide insight into how this crucial member of an organization’s top leadership contributes to corporate governance. According to IFAC (2013), a CFO is expected not only to be an effective organizational leader, but also to act as the integrator and navigator for the organization. Additionally, a CFO is expected to provide effective leadership in finance and accounting, and balance the responsibilities of organizational stewardship with business partnership. As such, the CFO is the focal person in an organization’s corporate governance, who is responsible for providing the tools and information that will allow the board of directors to make informed corporate governance decisions (IFAC, 2013). This paper examines the role of the CFO, and highlights the ways in which the CFO contributes to corporate governance.
Role of the CFO in Corporate Governance
One of the primary roles of the CFO in as far as corporate governance is concerned is to provide the necessary and classified information to the board to aid the decision-making process in matters to do with corporate governance. In...