PROJECT ON

WEIGHTAGE OF DISCIPLINE IN CORPORATE

 Team members
 Uday singh
 Shodhan shetty
 Pranab r. singh
 Prabhat kr. Gupta
 Siddharth dixit
 Yashovardhan singh
 Shailesh kr. Tiwari (Leader)

WHAT IS DISCIPLINE
 Discipline is the force that promotes
individuals or groups to observe rules ,
regulations ,standards & procedure
necessary for an organization.
 Therefore discipline means securing
consistent behavior in accordance with
the accepted norms of behavior. It implies
the absence of chaos, irregularity &
confusion in the behavior of workers.
DISCIPLINE IN CORPORATE
WORLD
 We know that to maintain rules & regulations & to
work in proper way ,we require discipline. Without
discipline there will be chaos & disorder .Which
ultimately results in failure of “Company”. For e.g.
(Satyam inc.) ,so Discipline helps in following
area:-
 Maintain Rules & Regulations.
 Maintain Punctuality.
 Good relationship among Employees
 Good relationship between superior & subordinates.
 Create Goodwill.
 And ultimately all these
things will help to achieve the higher profits for
organizations

HOW DISCIPLINE WORK
Discipline is the life Blood for any

organization. It create wonders if company,
person and groups follows it.
 Corporate follows disciplinary
norms from two perspectives.
:-Rules & Regulations provided by Government

& S.E.B.I . Which is mandatory to follow each.

:-Other then , Every Company has their own

policy.



THE ROLE OF CORPORATE
GOVERNANCE
 Corporate governance deals with the
complex set of relationship between
corporation and it’s board of directors,
management ,share holder & other
stakeholders.
 PRINCIPLE:-
a)Right and equitable treatment of

shareholders.
b)Interest of other stakeholders.

c)Role and responsibility of board.

d)Integrity and ethical behavior.

e)Disclosure and transparency.

GAAP
 Generally accepted accounting principle
includes the standards, conventions, and rules
accountants follow in recording and summarizing
transactions, and in the preparation of financial
statements.

 Financial accounting is information that must be
assembled and reported objectively. Third-parties
who must rely on such information have a right to
be assured that the data are free from bias and
inconsistency, whether deliberate or not. For this
reason, financial accounting relies on certain
standards or guides that are called "Generally
Accepted Accounting Principles" (GAAP).

 Principles of GAAP


 Principle of regularity: Regularity can be defined as conformity to

enforced rules and laws.

Principle of consistency: The consistency principle requires accountants to


apply the same methods and procedures from period to period.



Principle of sincerity: According to this principle, the accounting unit should



reflect in good faith the reality of the company's financial status.



 Principle of periodicity: Each accounting entry should be allocated to a

given period, and split accordingly if it covers several periods.


 Principle of Full Disclosure/Materiality: All information and values

pertaining to the financial position of a business must be disclosed in the
records.




EXAMPLE: SATYAM
 IF any company breaches disciplinary
norms the SEBI takes action as per above
adv.
1. Unfair trade practices like

misrepresentation of accounting statement

the consequences could be 25 crorepenalty ,
ban on participating to promote any
company & under criminal prosecution jail up
to 10 year.
ADVANTAGES OF
DISCIPLINE

 :-Minimize Conflict .
 :-Increase goodwill.
 :-Increase profit margin.
 :-Punctuality.
 :-Time saving.
 :-Good relationship between employees and
management.
 Ensures better future prospective.
IMPACT OF INDISCIPLINE
:-Decrease Autonomy at workplace.
:-Decrease the creativity of workers.

:-Biased.
:-Decrease employee’s loyalty.


CONCLUSION
 As per our entire discussion we come on this
conclusion that discipline is a most important
thing. If we follow it properly or not follow it, in
the both cases it will give surprising result but
one will be positive and another one will be
negative.
 And when we talk about corporate world ,
discipline have a very important place
because discipline allow them to work properly
and this increase productivity which ultimately
will be beneficial for the organization.
REFRENCE
 YOU TUBE
 Prof. H. MURALIDHARAN
 Prof. NARAYAN SIR
 BY SENIORS
 google

Thanks for your Participation