Samsung

Samsung Electronics Co. , Ltd. and its subsidiaries Stevenson Saby & Lesly Castillo American Intercontinental University September 7, 2012 Nicole Pringle Abstract The for-profit organization of interest we selected is Samsung electronics co. , ltd. and its subsidiaries. We researched the unusual or conflicting accounting principle that has impacted Samsung electronics co, Included in this research we present, a review and dismember the organizations published accounting statements of the last two age.Specifically, our research paper will Identify the subject matter functions of each(prenominal) department, their strengths and weaknesses, and show recommendations for cleansement, as appropriate. This paper Identifies and describe the underlying problems, Comp bes the alternative courses of action, Explain the effects at is works, suggest options that would be consistent with the organizations accounting practices, accounting processes, and accounting-related departments. Last i ncludes the last two years of published accounting statementsFrom its inception as a small export business in Taegu, Korea, Samsung has large(p) to become one of the worlds leading electronics companies, specializing in digital appliances and media, semiconductors, memory, and system integration. Today Samsungs innovative and top quality point of intersections and processes are world recognized. This timeline captures the major milestones in Samsungs history, showing how the company expanded its product lines and reach, grew its revenue and market share, and has followed its mission of making life better for consumers around the world. SAMSUNG All rights reserved) To identify the core functions of each department, Samsung organization structure consist of Vice Chairman, US executive team and a menu of directors. http//visiblebusiness. blogspot. com/2009/11/samsung-samsung-ar-2008. html Samsung has recently been involved one of the largest patent laws of its kind, orchard apple t ree Inc. has sued Samsung for $2. 525 billion for copyright incursion of the iPhone and iPad with Samsungs Android technology smart phones.Apple claims, Samsung owes substantial monetary damages for when they illegally chose to compete by copying Apple. You might hear some comments like Apple is better or whats so good about Samsung. First lets identify, Samsung throughout the years has been very successful in providing consumers with innovative technology. Samsung has revenue of 247. 5billon, Assets of 384. 3 billion, Equity of 224. 7 billion and net income of 18. 3 billion with 344, 00 employees. Samsung Electronics Co. , Ltd. and its subsidiaries) Apple has pulled together 434 LTE patents in order to counter a legal threat from Samsung, according to reports on Tuesday. Samsung has vowed to sue Apple if, as expected, if it unveils an LTE-enabled iPhone 5 during the launch event now confirmed for September 12. Anticipating this, Apple has been acquiring and developing enough LTE patents to combat the legal challenge, according to the Chosun Ilbo website.Samsung is planning to make the air-condition product family line more strong with unique technology called Triple protection proposition Samsung is the Indias official exceptional partner for the 2012 London Olympic and recently launched Olympic Ratna Program. This will result enhance imperfection awareness and profit the sales. Samsung Mobile and Home appliance has future plans of launching Customized products for Indian market. This will improve the market share in rural market being that Apple is filling injections on a lot of their products.The Indian youth population is growing and mobile phone sales is expected to increase due to lesser call rates, Its financial position is strong and there is a scope of incoming into unrelated diversification. Two years published accounting statements 2011 http//www. samsung. com/us/aboutsamsung/ir/financialinformation/annualreport/downloads/2011/SECAR2011_Eng_ Final. pdf (http//www. samsung. com, 2011) http//www. samsung. com/us/aboutsamsung/ir/financialinformation/auditedfinancialstatements/downloads/ consolidate/2012_con_all. df (Samsung, 2012) Samsungs core functions of each department, their strengths and weaknesses were identified, recommendations for improvement were addresses. We hit on possible course of actions Samsung could take with the slash in market shares as well as the alternative courses of action. Samsung Has been in the Industry to long to make a mistake as big as they did in the lawsuit against apple but they are innovators and will continue to make great products and make profits as represented in the financial statements provided.