Freedom of Information Act Question 1 Essay Example | Topics and Well Written Essays - 500 words

Freedom of Information Act Question 1 - Essay Example The third benefit is ensuring order in the firms that the information is to be accessed. The firms will ensure that the information is kept according to stipulated standards (Mark, 2011). The risks associated with the freedom do information are as the following. First, there are cases of bureaucracy in the process of preparing the information in an effort to meet the requirements. The managers are forced to prepare the information so as to see the desires of the different users of the information that it causes time wastage. The second risk is the exposing of the institution’s information that may be used by the competitors against the government. The users may also be exposed to manipulated information by the managers so as to influence their decisions. There is no platform that guarantees the quality of information provided by the firm. There might be cases where the firms provide the information that has not been scrutinized for relevance (Mark, 2011). For efficient functioning and administration of the act there is a need for few adjustments. The following are amongst the recommendations to make. First the one month limit of waiting for a response from the agency should be reduced to a maximum of twenty days so as to create efficiency within the system. A situation where more time is given those in charge always to relax that it causes higher costs to the firm which would have been reduced if a strict deadline if fixed (Freedom of Information Act guide & Privacy Act overview,1999). Another avenue is for the act to encourage the administrators of the different firms to make use of the social media platforms to post any relevant information. The social media has become one of the cheapest means of communicating among the different people in different parts of the world (Freedom of Information Act guide & Privacy Act

Coca-Cola Company vs. PepsiCo, Inc Research Paper

Coca-Cola Company vs. PepsiCo, Inc - Research Paper Example Consequent to this input, the plan is effectively funded to sustain total elasticity as laid down in the Pension Plan Act 2006. Generally, the fund was estimated to finance all the subsequent contributions in future from the operating activities. In accordance to the guidelines of IFRS the international pension plans of the company are funded in conformity to the domestic laws and the income tax guidelines. The company does not anticipate the contributions to the plans to be in effect in any near future. Following the enactment of the Pension Plan Act of 2006, no contributions are expected to be included in the schedule for funding the benefit pension plan. At the end of the financial year 2009, the estimated benefit requirement of the United States eligible pension plans was about $ 2.138 million and the reasonable value of the pension plan was about $ 1.975 million. The major part of this contribution was as a result of depressing effect that the previous financial crisis and finan cial mechanism’s vulnerability had on the company’s pension plan assets. ... The US non eligible pension plans stipulates for particular links which might not be allowed or be included in the financed qualified pension plans as a result of the constrains inflicted by the local revenue code of 1986. The anticipated benefit payments of the stated unfinanced pension plans might not be considered in the schedule for the calculation of the benefit plan. It was expected that the yearly benefit payments to the unfunded benefits plans to be about $ 35 million by 2010 (PepsiCo 2009). It was also expected to remain at that level until 2030 declining yearly thereafter. The profits and losses which emanate from the real familiarity might be different from the presumptions put down by the company which comprise of the disparity amidst the real benefits from the pension plan assets and the anticipated return on the plan assets. Moreover, as a result of the variations in the presumptions the returns are also established at every date of measurement. According to the IFRS, i f the observable accumulated returns or losses are way above 10% of the entire market connected fair value of the benefit plan assets or liabilities, a section of the net margin or loss is considered in the expense for the preceding year. The charges or returns of the plan variations that enhance or decline the benefits for previous employee service cost is considered in the earnings or income on a straight-line basis over the optimal service duration that remains of the active plan contributors. This is normally approximately 10 years for the pension expense and about 12 years for the retiree medical expense (IASB, 2007) Calculation of the funding levels and capital gains experienced by Coca-Cola and PepsiCo in