Friday, October 15, 2010

Foxconn you should "jump off the door" ashamed



This year, Shenzhen Foxconn jumped staff on many occasions, falls incident. According to incomplete statistics, in less than six months time, at least six Foxconn workers jumped to his death or disability due. This well-known companies caught in controversy. Recently, Foxconn Group management interviews with the media, gently admitted staff on the new generation of "humanistic care is not enough", in the management and corporate culture need to "review" of the place.

No matter what kind of business, so often employees jumping phenomenon occurs, of course, management problems. This "review" to be anything new. Last year in July, staff Sundan Yong Foxconn jumped from the 12th floor died, the Foxconn Group business long enough to recognize the internal management, the psychological distress in the resolve of workers doing "not delicate and orderly." It now appears that Foxconn this problem is even more severe exposure, can no longer use "not fine" to describe it. To death for their employees to seek relief in the unique business situation, Foxconn has long been the king should not say so outright, but rather due respect to the entire community an apology.

Foxconn's management of the enterprise culture and a variety of criticisms. Sun Danyong after jumping, it has been noticed that other employees of the cold response, and not sympathy and pity pity that psychology is called "Wolf management" caused by selfishness and extreme. Also the media through in-depth interview bluntly criticized Foxconn is the "sweatshops", the result was a sky-high price Foxconn claims. Although the case to the parties "exchanged apologies" and Foxconn's withdrawal ended, but Foxconn to "sweatshops" were strongly dissatisfied with the head still leave a deep impression. In the long criticism and controversy over, how many people on Foxconn's strange that companies are tired of the internal landscape. So, when the staff so intensive wave of suicide strikes, but at the social level provoked a slight ripple. Have to say, this is a very strange human sight.

Tired of the Foxconn, and may not be just ordinary people. It is easy to note that Foxconn has occurred after workers jump from a building, local labor departments have not made any reaction. Did not express regret, did not carry out the investigation Hearing and did not make any punishment for enterprises. This did not respond to the labor department, in the outside world appears, it means that local governments have the default that is the family business, without any government input. This aloof attitude highlights the "small government" inaction and rule strategy, just a little bizarre taste.

As early as three years ago, the Shenzhen Federation of Trade Unions with innovative ideas on Foxconn sent to the branch, and since then, Foxconn's workers have their own trade unions. At that time, the ACFTU has been concerned that the practice of Shenzhen, "gratifying." There is no doubt that the way to the external presence in the Foxconn has set up trade unions, to workers in enterprises, and labor rights protection play an important role in the negotiations. But several years of practice down, Foxconn unions admit relief system "have not done enough to promote." It is reported that Foxconn of many of the young workers indulged in the virtual world, more self-awareness of rights protection, little communication with colleagues. Naturally, they also seldom trade unions for help. Needless to say, trade unions Foxconn encountered in the work of the outside world do not understand the difficulties, their staff in the prevention of suicide is difficult to play an effective role. If the union's performance can only be so weak, then people look to the path of trade unions may improve Foxconn culture will come to nothing.

Inadequate management of corporate recognition but did not make improvements, but the union has been trying to make ends meet, local governments refused for reasons known to all shots, Foxconn's labor rights to maintain this into a unique "Foxconn knot." Hundreds of thousands of workers labor to live in a relatively closed kingdom, in addition to their own, no one seems to care about how well they live. Only when they pull off in some way to leave this world, it was suddenly found in the Anning Xiang and the country where there is such a huge community. Such a legal system for our society, for an emphasis on people-oriented era, this is it not a sufficient strange thing?

A worker is not a machine, it is not only workers can contribute a profit, he was someone's son, someone's father or brother. With falls each occurrence, the ending of the lives of not only the parties, and a family's happiness and joy. It hurt more than just family and friends, but also a severe blow to the people of a great wealth of material to imagine a better time, it's culture, society as a whole body trauma on the left. If we knew someone would jump from the upstairs Foxconn, did not make any effort to stop and save, should we not be ashamed of it?







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Monday, October 11, 2010

Accounting is the common language of the financial sector



New accounting rules require listed companies to corporate sustainable development should be regularly reported to the public and investors, these regulations will help standardize enterprise behavior and capital market development. May 30, Kokusai Shimbun reporters Zhong Xinhe and De Qinhua Tohmatsu CPA in Beijing organized a training event. During the "Fortune" magazine editor AnnMorrison former President, "Time" and Mr. Senior Editor DonaldMorrison experts, to more than 60 financial reporters about the interpretation and use of any experience in corporate financial reporting.

The new accounting standards is an important benchmark for measuring corporate performance

Deloitte (China) audit partner financial services industry, Dr. Wang Pengcheng making "an overview of the new accounting standards," said the Guidance, the new accounting standards is a measure of business performance is an important benchmark, learn new standards is significant.

Under the new accounting standards, corporate financial position measurement mode cost value and fair value of the two. Measurement method by which is better? Dr. Wang, for example, the construction of a building, it cost 100 million yuan, a few years property prices have risen to 10 million. The new accounting standards give enterprises more professional accountants to judge space, which allows companies to choose different accounting policies. In view of this, enterprises in the financial report, you can use 100 million yuan, said the building's cost, you can also use one billion yuan, said the building's market value, this value is fair value. In this case where the financial, corporate accounting used in the measurement of the cost price of 100 million yuan, while very reliable, but no information on the historical cost value of the correlation is weak because it is; when the market value of the building is 10 billion times enterprise with a fair value measurement is very useful, because it's dependent.

To accounting as an art

"Time", Mr. Senior Editor DonaldMorrison give you the training, said that the number of accounting workers and deal with more than 10 kinds of measurement methods, this is an art. Media to read the company's financial report, you can find and understand a lot of information, use the information to make itself more intelligent.

- Learn from the corporate earnings report found that "news." Corporate financial reporting "news spots" come from? A look at financial statements of the balance sheet, through the data comparison and found that the problems in business; second, by contrast ratio method, grasp the business debt / equity, assets yield, weighted average return on net assets, frozen flow ratio and cash flow problems. Third, we must understand the earnings release time and related information. If the enterprise release delayed financial reports, or company refuse to provide certain details, which shows aspects of enterprise management problems, should be concerned about.

Corporate earnings in the real value lies in the fact sheet of the "Notes items." To pay, for example, if an independent director compensation than 5 times higher than other independent directors, we should ask "why", if necessary, this should be investigated. Another example, the energy companies enjoying government subsidies, the price of their products is relatively stable, shareholders will not yield very different; the other hand, if the energy companies in a certain period of revenue growth of 22.4%, shows production and operations there is a problem situation, the reporter should be investigated. Furthermore, if the company will build a lot of money for office and other administrative expenses, which also requires attention.

- Can not be satisfied with the figures into the story, but to tap the number of stories. 79 years old this year, although Ms. Caroil.Loomis skilled use of computers, but she is still with the written record of their contact with all the files. She hid behind the financial statements of hard work closely with Fortune 500 information. Once she completed a steel company to interview, spent 5 days reading annual reports of steel companies, acquired a wealth of information. In 1982, Aetne insurance companies use false financial statements to improve profits, Caroil.Loomis Annual Report from the company's "balance sheet that" found that the details of the concerns raised Amex. In 1983, the American Express Company Fireman's Fund operating revenue. Her analysis of corporate financial statements, this information was found. Since then, the insurance companies by state insurance regulators punishment. Caroil.Loomis painstaking research reported figures, paid their own efforts and wisdom, as the industry learn from.

- Less jargon, more physical representation of dialogue. Ann said the United States in an interview with The Wall Street Journal reported that American Airlines used a dialogue style, and achieved satisfactory results. At that time, Wall Street Journal reporters the airline CEO. CEO expressed the company to its shareholders the measures to be taken: "The new measures aimed at reducing the supply of non-profit." Wall Street Journal, the content will change the way of saying: "Frankly speaking, that is, remove money-losing flights, restrictions on low-cost accommodation." The result of this way of reporting very popular.

Abide by professional ethics

China's new accounting standards more stringent professional requirements. Financial news media reports in the new guidelines do, it must comply with the media code of ethics. Donald explained that when the reporter to a public company as its object the interview, the reporter in a certain period of time can not buy this stock. Meanwhile, the reporter could not accept the offer of gifts, and even companies to pay 25 dollars for transportation and meal subsidies can not be accepted. He also said during an interview with reporters all costs, can not be passed on to be interviewed enterprises, but should be paid by the reporter's employer. The code of ethics, journalists must be observed.







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