Abstract: This paper is going to discuss the Globalization, its merits and demerits. Since the inception of globalization, it has taken the concentration of all multinational companies and their strategic management and business expansion teams. All companies playing in different geographical boundaries have tried to harness the potential of globalization and still trying to make best use of it. In this paper, Globalization is explored by taking a case study of Coco-Cola Company, an American multinational beverage corporation and manufacturer, retailer and marketer of nonalcoholic drinks and syrups, based in Atlanta, Georgia. In this paper we will be discussing the challenges faced by a company while running in a global market, potential threats and scope of expansion, advantage and disadvantages of expanding the market beyond cultural and geographical boundaries.

Abstract: The research on the impact of monetary policy on Consumer price index (CPI) was conducted by taking Rwanda National Bank (BNR) as a case study, period 1985- 2010. The researcher main purpose was to evaluate the use of monetary policy on economy. The specific objectives were to find out the impact of monetary policy on CPI and to describe strategies of monetary policy in stabilizing Rwandan economy.To achieve the desired objectives, the researcher analyzed how independent variables of the Monetary Policy (Money Supplier, Exchange Rate and Lending Interest Rate) work and how they affect the dependent variable (CPI). Augmented Dickey- Fuller (ADF) and Phillips- Perron (PP) tests were used to for stationarity test. Engle- Granger two steps procedure and the Johansen Maximum Likelihood Methodology were used to see whether variables are cointegrated or not. The data analysis was done using Eviews 7 Software. Those tests revealed that there is no cointegration among variables. And this has leaded to the use of impulse response in order to estimate the impacts of monetary policy on Consumer price index. The research found that the National Bank of Rwanda uses different tools of monetary policy in order to stabilize economy. It uses them in attempting to achieve the objectives of the monetary policy. With those tools, money supply, credit, interest rates and other monetary variables can be manipulated by the central bank of Rwanda in order to stabilize economy. 

Abstract: The worldwide EDA market is expected reach $9.85 billion by 2015. With the increasing EDA industry, the grant of utility patents in Computer and Electronic Products has been also increasing. Recent Supreme Court cases such as Alice Corp. v. CLS Bank International and the changes in patent law by Leahy-Smith America Invents Act (AIA) are likely to cause changes to develop new strategies in the intellectual property rights (IPR) and protection in the EDA industry. In order to better understand the status quo of intellectual property (IP), basic IP definitions, recent IP developments, and advanced protection strategies are discussed.

Abstract:According the developments in recent business arena a good corporate reputation and responsible business practices are key elements in business success. In turn, Corporate Social Responsibility (CSR) is considered as a duty of every corporate body to protect the interest of the society at large. Even though the main motive of business is to earn profit, organizations should take initiative for welfare of the society and should perform its activities within the framework of environmental norms. The purpose of this research is to study the urban consumers’ perception of CSR in Colombo district, Sri Lanka. The data were collected by means of a structured questionnaire administered with a sample of 300 consumers who used supermarkets for their purchases in the Colombo district. An issues regarding CSR on consumer awareness, expectations, support and consumer attitudes were studied. Kruskal-Wallis test was used to analyze the data and a Consumer Attitude Index was developed to gain insight on the current context of CSR activities in Colombo, Sri Lanka. In terms of consumer expectations about CSR, consumers were more interested on quality, welfare facilities and pollution prevention. According to the index, consumers’ perceptions towards CSR indicate positive relationship for most of the attitudes. Finally, consumers in Colombo district are willing to support CSR but, companies should increase the awareness about their CSR projects as the CSR awareness was 15% in the study. Developing countries are where socio-economic and environmental crises actually felt in the world, thus CSR could play a significant role in marketplace. The paper concludes by presenting key factors that may influence in the implementation of CSR practices in Sri Lanka.

Abstract: Garden poultry farming is a social phenomenon rather than an economic proposition. It is popular among the communities who have no inhibition against keeping birds, eating eggs produced and the meat. Keeping the importance of backyard poultry system in rural areas the present study was undertaken to examine the economic structure in relation to cost and revenue structures and income status of the sample poultry units. An estimation of imputed values of feed and labour, the value of eggs and meat has shown that backyard poultry is economically viable, socially acceptable of subsistence level of family needs devoid of business norms. If these ideas are exploited on large scale wonderful impact on farm income and employment opportunities are bound to accrue.

Abstract: Customer satisfaction is an important aspect in today’s competitive business scenario. This is especially true more for the services sector. Banking constitutes an important aspect in the business scenario. Banks will not be able to serve their customers unless they are aware of the requirements of their customers. These requirements might be known from the various dimensions of customer satisfaction in retail banking. For this reason, it becomes important to understand the dimensions affecting customer satisfaction in retail banking. This paper reviews the literature with respect to finding the dimensions affecting customer satisfaction in retail banking and comes out with some suggestions which need to be followed in finding the dimensions.

Abstract: This study examines the relationship between social intelligence and employee intention to stay among workers in the hospitality industry. The study utilizes a cross-sectional survey. A total of 142 usable questionnaires were administered to 10 selected hotels in Port Harcourt from 159 registered hotels with the Rivers State Ministry of Industry and Commerce. The results indicate that; there is a positive relationship between social intelligence and employee intention to stay. Based on the findings, the following recommendations were made. Hotel owners should encourage employees by sending them for training, seminars, conferences and workshops to avoid turnover, hotel workers should be encouraged by a way of recognizing talented employees and rewarding them for a job well done and supervisors should be up and doing in their assignment by helping other new employees to carry out their functions effectively.

Abstract: Disclosures are the most important elements for the financial audit. Disclosure is the act of releasing all relevant information pertaining to a company that may influence an investment decision.The financial audit report is the final step in the entire audit process where disclosures used for auditing that expression of opinion on the financial statement. In this study mainly focus on objective that are to identify the basic compliance of financial audit, to compare the status of compliance with disclosures in conducting the financial audit and to find out the reasons of not complying with relevant disclosures. For fulfilling the objectives at first include some relevant acts of disclosures then added disclosures in financial audit which to be complied in the financial audit where have title, addressee, opening or introductory paragraph, management responsibility, auditor’s responsibilities, other reporting responsibility, auditor’s signature and date of report and these are basic disclosures in financial audit which complying in audit report. Disclosure in financial audit that tested on some companies and have been shown as percentage basis by chart. To know the present status in financial audit, some companies of some selected industries were chosen and those are Pharmaceuticals industry, Ceramics industry and Food & Beverage industry. Beximco Pharmaceuticals Ltd, Square Pharmaceuticals Ltd, Monno Ceramics Ltd and Fu-Wang Food Industry Ltd fully complied with disclosures that mean 100% where Renata Pharmaceuticals Ltd, RAK Ceramics Ltd and The Real Good Food Company complied 90% and Apex Foods Ltd complied 80% only. But Euro Ceramics Ltd. in 2012 fully complied whether in 2013 did not fully complied with disclosures that means this company partially complied which is compared between two years only and behind the insufficient disclosures, there are some reasons that are lack of expertise where includes experience and professionalism and lack of monitoring by which different users are affected like shareholders, potential investors, creditors, customers, students, bank, government and supplier also.

Keywords: Accounting, Auditor’s Report, Compliance, Disclosure, Financial Audit & GAAP

Title:Compliance with Disclosure in Financial Audit:A Comparative Study of Some Selected Industries in Bangladesh
Author:Shabuz Mahmud, Nasrin Islam
International Journal of Novel Research in Marketing Management and Economics
Novelty Journals

Abstract:This work is an attempt to examine empirically the best ARIMA and GARCH models for forecasting. The data employed in this study comprise of 189 monthly observations of crude oil price in Nigeria spanning from January, 1998 to September, 2013. At first the stationary condition of the data series are observed by autocorrelation function (ACF) and partial autocorrelation function (PACF) plots, then checked using Kwiatkowski–Phillips–Schmidt–Shin (KPSS) and Augmented Dickey Fuller (ADF) test statistic. It has been found that crude oil price is non-stationary. After we taking first difference of logarithmic values of data series, the same types of plots and the same types of statistics show that the data is stationary. The best ARIMA and GARCH models have been selected by using the criteria such as AIC, HQC, and SIC. The model for which the values of criteria are smallest is considered as the best model. Hence ARIMA (3, 1, 1) and GARCH (2, 1) are found as the best model for forecasting the crude oil price data series.