Samsung

Samsung Electronics Co. , Ltd. and its subsidiaries Stevenson Saby & Lesly Castillo American Intercontinental University September 7, 2012 Nicole Pringle Abstract The for-profit administration of participation we selected is Samsung electronics co. , ltd. and its subsidiaries. We researched the unusual or conflicting accountancy principle that has impacted Samsung electronics co, include in this research we present, a review and analyze the judicatures published accounting statements of the last two days.Specifically, our research paper leave alone Identify the center field functions of all(prenominal) department, their strengths and weaknesses, and make recommendations for improvement, as appropriate. This paper Identifies and describe the underlying problems, Compares the preference courses of action, Explain the effects at issues, Recommend options that would be consistent with the organizations accounting practices, accounting processes, and accounting-related department s. Last includes the last two years of published accounting statementsFrom its inception as a small exporting business in Taegu, Korea, Samsung has grown to become one of the worlds leading electronics companies, specializing in digital appliances and media, semiconductors, memory, and system integration. Today Samsungs mod and pilfer quality products and processes are world recognized. This timeline captures the major milestones in Samsungs history, showing how the party expanded its product lines and reach, grew its revenue and market share, and has followed its mission of making bread and butter come apart 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 Board of directors. http//visiblebusiness. blogspot. com/2009/11/samsung-samsung-ar-2008. html Samsung has recently been involved one of the largest visible laws of its kind, orch ard apple tree Inc. has sued Samsung for $2. 525 billion for copyright infringement of the iPhone and iPad with Samsungs Android engine room 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 develop ing enough LTE patents to combat the legal challenge, according to the Chosun Ilbo website.Samsung is provision to make the air-condition product category more strong with bizarre technology called Triple protection proposition Samsung is the Indias official prodigious partner for the 2012 London Olympic and recently launched Olympic Ratna Program. This pull up stakes result enhance brand awareness and increase the sales. Samsung Mobile and nucleotide appliance has future plans of launching Customized products for Indian market. This will improve the market share in rural market being that Apple is option injections on a lot of their products.The Indian youth population is emergence and mobile phone sales is expected to increase due to lesser call rates, Its financial position is strong and there is a grasp of entering into unrelated diversification. Two years published accounting statements 2011 http//www. samsung. com/us/aboutsamsung/ir/financialinformation/annualreport/do wnloads/2011/SECAR2011_Eng_Final. pdf (http//www. samsung. com, 2011) http//www. samsung. com/us/aboutsamsung/ir/financialinformation/auditedfinancialstatements/downloads/consolidated/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 cutpurse in market shares as well as the alternative courses of action. Samsung Has been in the Industry to long to make a mistake as defective as they did in the lawsuit against apple but they are innovators and will continue to make great products and make profits as stand for in the financial statements provided.