Ethics and Compliance of Starbucks Analytical Essay by scribbler

Presents Starbucks as an outstanding example of a positive relationships between a company and the Securities and Exchange Commission (SEC).
# 152360 | 1,570 words | 5 sources | APA | 2013 | US
Published on Jan 31, 2013 in Business (Companies) , Business (Management) , Ethics (General)


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Description:

This paper discusses Starbucks' relationship with the Securities and Exchange Commission (SEC) to maintain its compliance with all of the business rules and guidelines in a manner that resulted in the company's excellent ethical record. In particular, the paper discusses the processes by which Starbucks maintains accountability for its ethical and compliance actions. To gain an insight into why the company's growth has slowed in the last few years, the paper also examines Starbucks's financial position.

Table of Contents:
Introduction
Role of Ethics and Compliance
Procedures to Ensure Ethical Behavior
Processes Used to Comply with SEC
Financial Performance Using Financial Ratios
Conclusion

From the Paper:

"The company's financial reporting internal control process helps the company maintain ethical behavior with financial reporting by providing legitimate guarantees in regard to the company's financial reporting for internal and external purposes in compliance with accounting regulations pertaining to the United States of America. Starbucks's internal control process over the company's financial reporting consists of maintaining financial records, which display accurate and fair company transactions. The Starbucks's Company internal control process provides the company with legitimate guarantees that expenditures and receipts are in compliance with management authorization, and ensures that no unauthorized use, disposition, or acquisition of the company's assets, which can produce a material effect on the company's financial statements are prevented or discovered in a timely guideline. Because the Starbucks company inherent limitations, the financial reporting internal control process can provide a complete guarantee that an error in reporting the company's financial statements can be prevented or protected. The Starbuck's management conducts an evaluation usually around the fourth quarter, which is based on the criteria created in the Internal Control Integrated Framework provided by the Committee of Sponsoring Organizations of the Treadway Commission. The results of the evaluation can assist the Starbuck's management to decide if the Company's internal control over financial reporting is helpful and effective to the Starbucks Company."

Sample of Sources Used:

  • Keown, A. J., Martin, J. D., Petty, J. W., & Scott, D. F. (2005). Financial management: Principles and applications (10th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.
  • Mayo, H. B. (2007). Basic finance: An introduction to financial institutions, investments, and management (9th ed.). Mason, OH: Thomson.
  • Starbucks.com retrieved on May 2, 2010, from http://www.starbucks.com/responsibility/learn-more/starbucks-shared-planet
  • Starbucks Corporation. (2008). Starbucks corporation fiscal annual report. Starbucks corporation. Retrieved May 2, 2010 from http://www.investors.starbucks.com
  • Sulock, J. M. & Dunkelberg, J. (1997). Cases in financial management (2nd ed.). New York, NY: John Wiley & Sons.

Cite this Analytical Essay:

APA Format

Ethics and Compliance of Starbucks (2013, January 31) Retrieved August 10, 2022, from https://www.academon.com/analytical-essay/ethics-and-compliance-of-starbucks-152360/

MLA Format

"Ethics and Compliance of Starbucks" 31 January 2013. Web. 10 August. 2022. <https://www.academon.com/analytical-essay/ethics-and-compliance-of-starbucks-152360/>

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