...ACC 411 – Accounting Ethics Midterm Exam Due: November 20th by 11:59 p.m. Multiple Choice (2 points each) 1. Each of the following elements make up an integral part of what is meant by "ethics" except for: A. Accepted standards of behavior B. Knowing the difference between right and wrong C. Always following the law D. The moral point of view 2. When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting manner? A. If the CFO does not agree to correct the financial statements B. The CEO supports the CFO and does not agree to correct the financial statements C. The external auditors support the CEO and do not agree to correct the financial statements D. The audit committee should always be the first to be informed about such a difference of opinion 3. "Treating others fairly" encompasses treating them: A. Equally, impartially, and responsibly B. Equally, responsibly, and openly C. Impartially, openly, and diligently D. Equally, impartially, and openly 4. Objectivity requires that a CPA should: A. Maintain a mental attitude of impartiality B. Maintain a mental attitude of intellectual honesty C. Be free of conflicts of interest D. All of the above 5. The method of ethical reasoning that deals with making decisions after considering the interests of others is: A. Egoism B. Enlightened Egoism C. Utilitarianism D. Rights Theory 6. Deontology...
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...For this discussion, pick a company from Forbes' most generous companies list. What makes these companies stand above the rest? Visit the company's website to examine how closely this company's philanthropic efforts are strategically aligned with its core competencies. This can be accomplished through reading its annual reports, as well as other sources outside of the website. The discussion should also include a breakdown of how the company's core competencies are linked to various philanthropic projects and stakeholder groups. Your initial response should be a minimum of 200 words. Your responses to your classmates should be a minimum of 75 words. Company Chosen: United Parcel Service (a.k.a. UPS) UPS is very committed to promoting sustainability with a program they call “Committed To More.” This program includes environmental responsibility, economic enhancement, connecting with communities, and empowering their employees with safety and education. Along with the sustainability efforts UPS puts towards their communities, they also claim that logistics is their core competency. UPS provides a list that breaks down the logistics in simpler terms for the stakeholder and future customers; networks of strategically located distribution centers, products that are positioned closer to customers (which basically means reduced wait time for packages), multi-carrier capabilities, a single source to manage global transportations and freight, highly integrated systems to manage...
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...Jacob Byers Prof. Carver W131 29 Sept. 2013 A Question of Ethics: Egg Harvesting for Stem Cell Research Stem cell research brings to mind cloning, treatments for disease, and other positive things. What you don’t think about are the women affected through the harvesting of the embryotic eggs required to conduct this research. Dr. Diane Beeson’s article “Egg Harvesting for Stem Cell Research: Medical Risks and Ethical Problems” illustrates the issues of short and long-term effects of ovarian stimulation, risks to offspring, and the exploitation of women. She uses this information to develop an argument against the use of unauthorized and unstudied drugs and the misleading language used to exploit young women. She establishes credibility by using statistics and plays on a sensitive issue by bringing up risks to offspring to develop her argument. Medical treatments developed from stem cell research range from cancer treatments to replacing damaged brain cells. Though these seem to outweigh any of the negative side effects, those abnormalities caused from ovarian stimulation can directly affect the reproductive capabilities of many females. Dr. Beeson explains the most serious and immediate short-term effect is ovarian hyperstimulation syndrome (OHSS). The symptoms of mild cases of OHSS range from nausea to abdominal distention, respiratory difficulty, and other abnormalities (Beeson and Lippman). More severe cases are ‘by no means rare’ according to the American Society...
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...Organizational Ethics Week 9 Capstone Discussion Question I believe that my moral perspective and ethics are pretty strait forward. As with any individual my life experiences and personal influences have influenced my ethical and moral decisions along the way. I grew up in a very positive and encouraging environment where my parents showed me what was important in life and also taught me to be fair. I feel I act this way in both my personal life and professional life. I have been told as a manager I am firm but fair and you always know where you stand. I feel that this course has confirmed my beliefs on business ethics and has encouraged be to do the right thing even more. I realize more now that ethics play a key role in management decisions that I make on a daily basis and must be considered in daily activities. This class has also taught me that sometimes you must keep your personal beliefs out of the decisions you make a work. Your personal ethics are important but that can’t cloud your judgment when it comes to the ethics in your organization. I have applied personal and business ethics in the workplace even though it has lead to unpopular decisions at work. For example, I was in my office working on a procedure when in casual conversation another employee stated to me that a few weeks prior there was member of the leadership team that committed a safety violation on the floor. When I asked the employee who it was they told me it was one on the other managers...
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...‘Religious Ethics cannot provide good answers to questions of sexual ethics – a rational approach is needed’ Discuss. The ethical theory Natural Law is based on analysing the position and purpose of humans in the universe, e.g. to defend the innocent, live in an ordered society, learn, reproduce, worship God etc, therefore it appears to be entirely reasonable; in fact Aquinas, the theory’s founder, stated 'To disparage the dictate of reason is equivalent to condemning the command of God. ' Considering the teleological thinking of natural law and analysing the purpose of the penis it seems rational to decide that using the penis for anything other than reproduction seems rationally wrong. However, taking into account the consequences of the deontological secondary precepts which natural law imposes it becomes apparent that the end result of millions of Africans catching AIDs due to the banning of the use of contraception appears to show the system as irrational. The atheist ethical system of utilitarianism, for example, appears to show the flaws of Christian ethics. The principle of utility, greatest good for the greatest number, leads by definition to the most pleasure and least pain, this certainly seems more rational than condemning millions to suffering because of a certain understanding of the purpose of humans; indeed even if God exists and intends people to fulfil their purposes it could be argued that God would wish to contain AIDs by compassionately allowing the use...
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...Ethics Audit Questions April Whitehead HSM/230 February 1, 2015 Erin O'Brien Ethics Audit Questions Board: Does the board let each member know what is expected of them? This is crucial because it is pertinent for all employees or board members to know what is expected from each of them individually and as a whole. All tasks, or projects, must be clear so that the members know exactly what goals to work towards and that will also improve staff performance and in turn the organization as a whole. Staff: Does the staff members show good partnership skills (being able to work on a team)? It is crucial for all staff members to be able to work with one another. This not only helps the staff to work together as a whole toward common goals, but it also allows the organization to operate more smoothly. If staff members cannot work together, then they cannot communicate efficiently and effectively and not only does the work environment suffer but the organization also suffers as a whole. Donors/Fundraisers: Are the donors aware and informed of all of the different ways that their contributions, or money, is helping the organization? Donors like it when the results of their donations are visible. Donors also like to see that they are helping the organization that they donate to. Donors should know, and like to know, what changes, improvements, or any other positive results have been made or completed because of their donations. They like to see how their money is being...
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...Board: How are board members selected? Has specific criteria been established for selecting new board members? This is an important question to add to the audit because there should be a set list of criteria of what the board and the director are looking for when looking for new members. This way only the right people get the right job. Staff: How are staff members held accountable for their actions? Are there clear procedures for disciplinary action? This is an important additional audit question because all employees should be treated equally including when dealing with performance and disciplinary issues in the workplace. Clear policies would help guide managers in discipline to attempt to avoid favoritism, retaliation, or other unfair practices. This would ensure consistency. Donors and Fundraisers: If fundraising for a non-profit, are donors provided with the proper paperwork for claiming charitable deductions on their taxes? This is an important question to put on the audit if working with a non-profit organization. There should be consistent paperwork provided to donors for tax filing purposes. Clients/Customers: What is the policy on files of former clients? How long are files kept and are they properly destroyed? This is an important question to add because most of the questions are concerning current clients. There is a question about the confidentiality of clients but I do not think it covers or is clear enough about dealing with the confidentiality of...
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...directly from the real world. This section includes information on what primary research is, how to get started, ethics involved with primary research and different types of research you can do. It includes details about interviews, surveys, observations, and analysis. Contributors:Dana Lynn Driscoll, Allen Brizee Last Edited: 2012-09-21 10:05:43 Primary research is conducted all of the time--journalists use it as their primary means of reporting news and events; national polls and surveys discover what the population thinks about a particular political figure or proposal; and companies collect data on their consumer base and market trends. When conducting research in an academic or professional setting, you need to be aware of the ethics behind your research activity. Here are some specific points to consider: * You should have the permission of the people who you will be studying to conduct research involving them. * Not all types of research require permission—for example, if you are interested in analyzing something that is available publicly (such as in the case of commercials, public message boards, etc) you do not necessarily need the permission of the authors. * You don’t want to do anything that would cause physical or emotional harm to your subjects. This could be something as simple as being careful how you word sensitive or difficult questions during your interviews. * Objectivity vs. subjectivity in your research is another important consideration...
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...260 Week 2 The Enron and WorldCom Scandals Material A+Grade Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/acc-260-week-2-the-enron-and-worldcom-scandals/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Assignment: The Enron and WorldCom Scandals • Resource: Business & Professional Ethics • Due Date: Day 7 [Individual forum] • Review the accounts of the Enron and WorldCom scandals in Ch. 2 of the text: o Enron’s Questionable Transactions on pp. 96-107 o WorldCom: The Final Catalyst on pp. 114-118 • Answer the following questions using complete sentences: o Enron: 1, 3, 5, 6, and 9 on pp. 106-107 o WorldCom: 1, 3, 4, and 5 on p. 118 • Post your answers as an attachment. Clearly label the case and question number for each of your responses. Enron questions 1, 3, 5, 6, and 9 1. Which segment of its operations got Enron into difficulties? The first thing that got them into trouble was the fact that Kopper was appointed to Fastow and he was an employee of Enron. I do not believe that he had the best interest involved. Another thing was that over 11 million was suppose to be invested and it never was. I believe that this was the start of the problems! Another thing was the fact that Enron was incorrectly booking revenue for services that was not yet...
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...PERSONAL APPEARANCE A company will be more likely to hire someone who is well groomed and will represent their company in a professional manner. 2. LACK OF INTEREST AND ENTHUSIASM A passive and indifferent attitude is instantly recognized as “I don’t care if I get this job.” Sincere interest and enthusiasm about the position is essential. 3. TOO MUCH EMPHASIS ON MONEY Your interviewing goal is to sell yourself to the interviewer and get an offer of employment. Salary discussion is secondary. 4. CONDEMNATION OF PAST EMPLOYERS Present facts only surrounding the past positions. Interviewers will be sensitive to comments about past employers. Too much information may come across as gossip. 5. TALKING TOO MUCH Answer questions as asked without being abrupt; expound only to the point that the interviewer has a clear understanding of what you mean. Unnecessary conversation wastes time. 6. WEAK HANDSHAKE The interviewer’s first impressions are lasting impressions. A firm handshake shows confidence in yourself and you abilities. 7. REFUSAL TO TRAVEL AND/OR RELOCATE Always be open for discussion concerning travel and relocation. The employer may be talking future plans, not present. 8. BEING LATE FOR THE INTERVIEW Tardiness is a sign of irresponsibility. This demonstrates a lack of interest and what the employer can expect in the future. 9. FAILURE TO SEEM INTERESTED ABOUT THE POSITION An interviewer will be impressed by an eager...
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...Ethics Speaking Analysis When this assignment came up, I didn’t have to really think about it, because there is a particular situation that comes to mind when I think of ethics in speaking. A few years ago I was in attendance for a new product launch and the speaker wasn’t prepared, didn’t have adequate knowledge of the product he was presenting and when he was asked questions about the product, he either shrugged or just said he didn’t know the answer. It was a less than informative presentation, and the fact that the presenter acted like he didn’t want to be there and actually seemed annoyed that anyone had any questions, didn’t make for a good learning experience. The presentation started off with 25 of my co-workers sitting in the assigned room, waiting for the presenter, who showed up late. When he finally got to the room, he mumbled a lot and he passed out a handout of the product and gave us the general specs related to the product, its launch date and other pertinent information that would be needed by the associates. At this point in my career I had been used to attending these presentations and was usually met with some kind of excite for the launch of the new product. But this speaker was new and didn’t seem to care about the product or his audience. When he got to the question and answer portion of the presentation he sat down behind the desk and just looked around, he tossed around some vague answers and told us to follow up with management if we needed more...
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...Unit 8 Assignment Legal Ethics March 5, 2015 Amanda Woods Before answering these questions I will explain what Unauthorized Practice of Law is. Unauthorized Practice of law is when a paralegal gives legal advice to anybody. A paralegal cannot advise a person on the law and what they can and cannot do. For example if a paralegal is asked My mother fell down the steps at her apartment building and the owner of the building has refused to fix the steps and that’s the reason she fell, legally what can we do? The paralegal cannot answer this question because it is a specific question about specific people and a specific incident. If the person had asked if a person fell down the stairs due to negligence what can be done? The paralegal could answer this question because you could find the answer on the internet and because it is a hypothetical question not a specific case. If Mr. Smith calls and leaves a message with Polly Paralegal asking if the grounds for divorce in North Carolina include adultery. Polly Paralegal can answer his question without the fear of Unauthorized Practice of Law because this is a generic question that isn’t specific about any one person or incident. She could easily do the legal research on this question and let him know what the law states. She could also give him the definition of adultery so he knows what it classified as. Because Polly Paralegal is telling Mr. Smith information that he could easily find on the internet it would not...
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...ACCOUNTING 4600 FALL 2013 ETHICS ASSIGNMENT 2 CARIBBBEAN BREWERS: TRANSFER PRICING, ETHICS AND GOVERNANCE Page set up: One inch margins, Times New Roman 12 point font. Double spaced. Two pages. As future professional accountants, you must possess excellent written communication skills if you are to be successful. Therefore, we have adopted the “Fatal Flaws” approach in grading written assignments in this course. See the Fatal Flaw” policy below. In your essay, you should address the following. This does not mean answer the questions as separate items. They should be woven into a well written narrative. 1. What is the main issue? 2. Why is it an issue? 3. Which part of the conceptual framework is applicable to this situation? 4. Do the cost allocation and pricing policies make sense? 5. What is the impact of the pricing and cost allocation system on the financial statements? 6. Who are the stakeholders? 7. Which, if any, stakeholders are impacted? 8. Who is the CEO responsible to? 9. What should the CEO report to the Board of Directors? “FATAL ERROR LIST” ------------------------------------------------- D.J. Eder, Ph.D. In an effort to assist with enhancing your writing skills, the School of Accountancy has adopted the “Fatal Error” policy in its curriculum. This listing was derived from the accreditation experts; the policy allows for making writing development a priority in your learning. Learning to avoid the...
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...Nikole Cummings BMIS Gonzaga University January 15, 2010 Page 14-15, Ethics Guide, A, B, & C A.) This situation is kind of like if you were sitting on a jury in a court of law. While listening to the prosecutor’s speech, he slips in a bit of information about the suspect that gets objected and the judge tells you to strike that information from the record. However, you have already heard it and even though it is dismissed from the trial, it plays a role in your ultimate decision regarding the case. While sitting and having coffee, once you realize that the couple talking next to you are the people you are bidding against, ethics states that you should get up and walk away. However, it is not as if you were eavesdropping outside of the real estate agent’s office and obtained the information that way. You are sitting in a public place and happen to overhear public conversation. So, do you use it? Well, in this situation it would be kind of hard not to because when you go to make your offer to the real estate agent that is definitely going to play a role in how much you do or do not offer. You cannot pretend like you heard nothing and offer something that you know will not get you the condo or offer more than you need to get it. It is a business decision and, in my opinion, that was not because of you snooping around that you obtained the information needed to make a decision on what to do with your offer. B.) I would not read the email...
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...CMST Interview Evaulation Peter Interview 1: Peter began the interview in a unique way compared to the other interviewers. After I told him what major I was, he asked me the most interesting class I have taken at LSU. I thought that was a unique way to get to know a little about me without simply asking me, "Tell me something about yourself." Peter never used any closed questions during the interview. I believe he did that because he wanted to get the most information out of me in the allotted time we had to speak with each other. I think the lack of closed questions was effective since we only had a few minutes to speak and a bunch of closed questions would have given peter little to work with when choosing his partners. As I explained before, Peter only used open-ended questions, and it was effective in getting high quantities of information about me. He used questions like, "Are you a leader or a follower, and explain why." I replied that I was more of a follower because I have great communication skills that allow me to increase group cohesion and optimize group output. Another open question he asked was, “Tell me about your strengths.” I replied by saying that some of my strengths are my social skills, determination, and my reliability. He was pleased with my group of strengths. Peter ended the interview by letting me know he would strongly think about picking me as a partner. I think it effective by letting me know how I did immediately. We were cut off by the timer,...
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