Ethics and Compliance
Ethics and Compliance
Tyrese Simmons
FIN/370
February 5, 2013
Gary phillips
Ethics and Compliance
Ethics, or rather a lack of ethics, is a recurring theme in the news. Recently, finance has been home to an almost continuous series of ethical lapses. As recent history show, the business world does not forgive ethical lapses. Acting in an ethical manner is not only morally correct, but it is a necessary ingredient to long-term business and personal success. (Titman & Martin, 2011)
In this paper, the authors will assess the role of ethics and compliance in Pepsi-Cola’s financial environment. The authors will describe the procedures Pepsi-Cola has in place to ensure ethical behavior. The authors will explain how financial markets work in the United States. The processes Pepsi uses to comply with SEC regulations will be discussed. The financial performance of Pepsi for the last 2 years will be calculated using current, debt, return on equity, and days receivable ratios. Each year will be calculated. Lastly, the trend for each ratio and what it tells us about the organization’s financial health.
The ethics and compliance role at Pepsi is of the upmost importance. The company strives to comply with rules and regulations put in place by officials. Ethics play a huge part of any organization and its success. The ethics and compliance standards that are in place at Pepsi are provided to ensure the company’s success. If anything unethical or non-compliant from the company would end up with the company in the headlines and on the news. These guidelines are also put in place to empower the employees of the company. The employees embrace the fact that a culture is put in place to promote honesty, trust, and responsibility. The company also strives on the fact that they are both socially responsible and socially conscious. To ensure this will be carried out by each employee, Pepsi has principles to help keep employees grounded. Within these principles are
Tyrese Simmons
FIN/370
February 5, 2013
Gary phillips
Ethics and Compliance
Ethics, or rather a lack of ethics, is a recurring theme in the news. Recently, finance has been home to an almost continuous series of ethical lapses. As recent history show, the business world does not forgive ethical lapses. Acting in an ethical manner is not only morally correct, but it is a necessary ingredient to long-term business and personal success. (Titman & Martin, 2011)
In this paper, the authors will assess the role of ethics and compliance in Pepsi-Cola’s financial environment. The authors will describe the procedures Pepsi-Cola has in place to ensure ethical behavior. The authors will explain how financial markets work in the United States. The processes Pepsi uses to comply with SEC regulations will be discussed. The financial performance of Pepsi for the last 2 years will be calculated using current, debt, return on equity, and days receivable ratios. Each year will be calculated. Lastly, the trend for each ratio and what it tells us about the organization’s financial health.
The ethics and compliance role at Pepsi is of the upmost importance. The company strives to comply with rules and regulations put in place by officials. Ethics play a huge part of any organization and its success. The ethics and compliance standards that are in place at Pepsi are provided to ensure the company’s success. If anything unethical or non-compliant from the company would end up with the company in the headlines and on the news. These guidelines are also put in place to empower the employees of the company. The employees embrace the fact that a culture is put in place to promote honesty, trust, and responsibility. The company also strives on the fact that they are both socially responsible and socially conscious. To ensure this will be carried out by each employee, Pepsi has principles to help keep employees grounded. Within these principles are
References: Coca Cola Return on Equity. (2012). Retrieved February 2013, from YCharts.Com: http://ycharts.com/companies/KO/return_on_equity PepsiCo 2011 Results. (2012, February 9). Retrieved February 2013, from PepsiCo Inc: http://www.pepsico.com/PressRelease/PepsiCo-Reports-Fourth-Quarter-and-Full-Year-2011-Results02092012.html PepsiCo. (2012). Investors: SEC Filing. Retrieved from http://www.pepsico.com/Investors/SEC-filing.html Pepsico.com. (2012,Spring). Performance with Purpose. Retrieved from http://www.pepsico.com Titman, K. S., & Martin, A. J. (2011). Financial Management: Principles and Applications (11th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.