...Assignment 1: Review of Accounting Ethics ACC 557 April 27, 2014 Conductive Ethical Behavior I believe that the current business and regulatory environment is more conductive to ethical behavior. In current times a company’s reputation can determine its success or failure. This has made more company’s own up to their ethical mistakes and behaviors. They are more likely to admit a mistake or failure when an ethical breach has surface in order to save face and keep its reputation. This is evident in the ethical breach I will be writing my paper on. Organization Yahoo Inc. is an American multinational internet corporation headquartered in Sunnyvale, California. It is widely known for its web portal, search engine Yahoo Search, and related services, including Yahoo Directory and Yahoo mail (Staff, 2012). Ethical Breach and Detection Yahoo hired Thompson as CEO in January 2012. On May 3, 2012 investor Dan Loeb, CEO of Third Point LLC, sent a letter to Yahoo’s Board of Directors (Prnewswire.com). The letter names a Yahoo SEC filing declaring that Thompson holds a Bachelor's degree in accounting and computer science from Stonehill College and that Loeb had reason to believe that the degree was in accounting only. Loeb questioned if Thompson had embellished his academic credentials and also questioned if the Board had failed to exercise appropriate diligence and oversight in one of its most fundamental tasks – identifying and hiring the Chief Executive Officer. Loeb suggests...
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...Accounting 557 Entire Course (STR) To purchase this tutorial visit here: http://mindsblow.us/question_des/Accounting557EntireCourseSTR/2804 contact us at: help@mindblows.us Accounting 557 Entire Course (STR) ACC 557 Week 3 Assignment 1 - Review of Accounting Ethics ACC 557 Week 6 Assignment 1 - You Are an Entrepreneur! ACC 557 Week 10 Assignment 2 - You Are an Investment Analyst Including All Weeks Quizzes and Homework Accounting 557 Entire Course (STR) To purchase this tutorial visit here: http://mindsblow.us/question_des/Accounting557EntireCourseSTR/2804 contact us at: help@mindblows.us Accounting 557 Entire Course (STR) ACC 557 Week 3 Assignment 1 - Review of Accounting Ethics ACC 557 Week 6 Assignment 1 - You Are an Entrepreneur! ACC 557 Week 10 Assignment 2 - You Are an Investment Analyst Including All Weeks Quizzes and Homework Accounting 557 Entire Course (STR) To purchase this tutorial visit here: http://mindsblow.us/question_des/Accounting557EntireCourseSTR/2804 contact us at: help@mindblows.us Accounting 557 Entire Course (STR) ACC 557 Week 3 Assignment 1 - Review of Accounting Ethics ACC 557 Week 6 Assignment 1 - You Are an Entrepreneur! ACC 557 Week 10 Assignment 2 - You Are an Investment Analyst Including All Weeks Quizzes and Homework Accounting 557 Entire Course (STR) To purchase this tutorial visit here: http://mindsblow.us/question_des/Accounting557EntireCourseSTR/2804 contact us at: help@mindblows.us Accounting...
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...ACC 557 All Assignments, Wileyplus and Quizzes FOR MORE CLASSES VISIT www.acc557tutor.com Please check the details below ACC 557 Week 3 Assignment 1 Review of Accounting Ethics (2 Paper) ACC 557 Week 6 Assignment 2 You Are an Entrepreneur! (2 Paper) ACC 557 Week 10 Assignment 3 You Are an Investment Analyst (2 Papers) ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) ACC 557 Week 2 Chapter 2 (E2-6, E2-9, E2-11, P2-2A) ACC 557 Week 2 Chapter 3 (E3-6, E3-7, E3-11, P3-2A) ACC 557 Week 3 Chapter 4 (E4-1,E4-5, E4-7, E4-13, P4-4A) ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A) ACC 557 Week 5 Chapter 7 (E7-5 E7-7 E7-14 P7-3A) ------------------------------------------------------------------------------- ACC 557 Midterm Part 1 FOR MORE CLASSES VISIT www.acc557tutor.com ACC 557 Midterm Part 1 Question 1 What is the order in which assets are generally listed on a classified balance sheet? Question 2 The information for preparing a trial balance on a worksheet is obtained from Question 3 The most efficient way to accomplish closing entries is to Question 4 All of the following are property, plant, and equipment except ------------------------------------------------------------------------------- ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) ...
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...ACC 557 Entire Course Financial Accounting Follow Below Link to Download Tutorial https://homeworklance.com/downloads/acc-557-entire-course-financial-accounting/ For More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com ACC 557 Financial Accounting Assignments , Discussions, Homework and Quizzes ACC 557 Week 1 DQ1 Improper or Illegal Methods From the e-Activity, identify the company, the accounting impropriety or illegality, how it was detected, the outcome, and propose a strategy that might have prevented the situation. Indicate how the strategy should be implemented.Assess the impact to the company’s financial performance based on the impropriety and the resulting effect to stakeholder confidence in management, recommending how the company can minimize the resulting impact to the business. ACC 557 Week 1 DQ2 General Accounting Principles “Bookkeeping and accounting are the same.” In terms of your role in the provision of financial services, present data to support the accuracy of this statement and support your position.Analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making. ACC 557 Week 1 Homework Chapter 1 (E1-4,E1-7,E1-11,P1-2A) ACC 557 Week 2 ACC 557 Week 2 Homework Chapter 2 (E2-6,E2-9,E2-11,P2-2A) ACC 557 Week 2 Homework...
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...ACC 557 Complete Assignments 1 ,2 and 3 To Purchase all Assignments please follow The Link Below http://www.homework-aid.com/ACC-557-Complete-All-Assignments-12-3-Strayer-152.htm ACC 557 Assignment 1: Review of Accounting Ethics Purchase Assignment 1 here Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, or the general public. Search the Internet or the Strayer Library to locate a story in the news that depicts an accounting ethical breach. You may select from any type of organization about which you have information or a curiosity. Write a four to five (4-5) page paper in which you: Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Provide support for your answer. Based on your research, describe the organization, the accounting ethical breach and the impact to the organization related to ethical breach. Determine how the organizational ethical issue was detected and how management failed to create an ethical environment. Analyze the accounts impacted and / or accounting guidelines violated and the resulting impact to the business operation. As a CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure should be implemented in the future. Use at least FIVE (5) quality academic resources...
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...ACC 557 Week 3 Assignment 1 Assignment 1: Review of Accounting Ethics Due Week 3 and worth 200 points Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, or the general public. Search the Internet or the Strayer Library to locate a story in the news that depicts an accounting ethical breach. You may select from any type of organization about which you have information or a curiosity. Write a four to five (4-5) page paper in which you: 1. Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Provide support for your answer. 2. Based on your research, describe the organization, the accounting ethical breach and the impact to the organization related to ethical breach. 3. Determine how the organizational ethical issue was detected and how management failed to create an ethical environment. 4. Analyze the accounts impacted and / or accounting guidelines violated and the resulting impact to the business operation. 5. As a CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure should be implemented in the future. 6. Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources. The specific course...
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...Review of Accounting Ethics Review of Accounting Ethics Dr. ACC 557: Financial Accounting May 22, 2013 Table of Contents 1.0 Corporate ethical breaches in recent times. 3 2.0 Accounting ethical breaches and their impacts 3 2.1 The Scandal of Enron 3 3.0 Organizational ethical issues and the management failure 5 4.0 Breach of the accounting practices and its impacts 5 5.0 Recommendations by the CFO 6 6.0 References 8 1.0 Corporate ethical breaches in recent times. Ethics is an important aspect of business in today’s enironment. Sometimes management ignores or leaves to state laws to govern the code of ethics within a company. Companies have faced a lot of issues regarding ethical situations in modern times. According to Baker (2012) contrary to the popular belief of the recent global financial crisis resulting from failures of accounting ethics, he argues that there is not enough evidence to support this connection. 2.0 Accounting ethical breaches and its impacts Breaches of the accounting ethical policies have become a source of concern for the firms today. The proper application of IFRS and GAAP standards is vital for each firm. In recent years as more scandals have come into the spotlight firms have taken more and more internal measures in addition to the policy making at the governmental level to ensure breach of consumers’ trust and laws does not take place in the future. There has been a tremendous increase in the interest in accounting ethics (Cowton, 2013)...
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...Assignment 1: Review of Accounting Ethics Kelvin Darden Strayer University ACC 557 Darren Tennyuk May 5, 2013 Assignment 1: Review of Accounting Ethics The New Zealand Institute of Chartered Accounts (NZICA) represents over 33,000 members in New Zealand and overseas. The organization audits private companies and public companies that are members of the organization (Graham, 1960). In October 2012, the organization was found to be practicing breaches of accounting with its members when an employee of the organization was found investing in different companies using client’s money. The loans were supposed to be short-term loans but it turned out they were not, this was discovered after complaints from clients. 1. Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Provide support for your answer. In recent times the NZICA has faced several cases of accounting ethical breaches. There were unpredictable increases and collapses of chartered accountants. From every corner, voices rose demanding accountability, demanding tighter regulation and unethical practices to be brought to justice. Clearly, those at fault should have been punished. However, in order for ethical principles to apply it must be shown that the institution is inherently moral or ethically responsible (Graham, 1960). Secondly, an adequate discussion of what...
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...ENRON AND UNETHICAL BEHAVIOR By SHERNITA JONES INSTRUCTOR ALFRED GREENFIELD ACC 557 FINANCIAL ACCOUNTING 10/27/2013 This paper will describe the following: 1) Corporate ethical breaches in recent times, assess whether or not one believe that current business and regulatory environment is more conducive to ethical behavior. 2) Describe the organization, the accounting ethical breach and the impact to the organization related to ethical breach. 3) Determine how the organization ethical issue was detected and how management failed to an ethical environment. 4) Analyze the accounts impacted and / or accounting guidelines violated and the resulting impact to the business operation. 5) As CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure should be implemented in the future. Establishing principles for ethical behavior frequently starts with a policy on ethics. Businesses acquire a policy on ethics to guide their measures and to set up a general meaning of correct versus incorrect. According to the American Library Association, code of ethics is a handbook for suitable behavior (2012). Given the corporate ethical breaches in recent times, existing businesses and regulatory environment is more conductive behavior because some companies and managers feel as though they can get away with it. The unpredictable increase and collapse of the Enron Company set off a...
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...Review of Accounting Ethics Dr. ACC 557: Financial Accounting May 22, 2013 Table of Contents 1.0 Corporate ethical breaches in recent times. 3 2.0 Accounting ethical breaches and their impacts 3 2.1 The Scandal of Enron 3 3.0 Organizational ethical issues and the management failure 5 4.0 Breach of the accounting practices and its impacts 5 5.0 Recommendations by the CFO 6 6.0 References 8 1.0 Corporate ethical breaches in recent times. Ethics is an important aspect of business in today’s enironment. Sometimes management ignores or leaves to state laws to govern the code of ethics within a company. Companies have faced a lot of issues regarding ethical situations in modern times. According to Baker (2012) contrary to the popular belief of the recent global financial crisis resulting from failures of accounting ethics, he argues that there is not enough evidence to support this connection. 2.0 Accounting ethical breaches and its impacts Breaches of the accounting ethical policies have become a source of concern for the firms today. The proper application of IFRS and GAAP standards is vital for each firm. In recent years as more scandals have come into the spotlight firms have taken more and more internal measures in addition to the policy making at the governmental level to ensure breach of consumers’ trust and laws does not take place in the future. There has been a tremendous increase in the interest in accounting ethics (Cowton, 2013). 2.1 The Scandal of Enron...
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...Running head: Review of Accounting Ethics 1 Review of Accounting Ethics Cynthia Harley Dr. Julie Hamm Acc 557 5/1/2014 Review of Accounting Ethics The WorldCom Scandal Vikalpa: The Journal For Decision Makers provides us with the following excerpt from WorldCom’s 2002 press release: CLINTON, Miss., June 25, 2002 –- WorldCom Inc. (Nasdaq: WCOM, MCIT) today announced that it intends to restate its financial statements for 2001 and the first quarter of 2002. As a result of an internal audit of the company’s capital expenditure accounting, it was determined that certain transfers from line cost expenses to capital accounts during this period were not made in accordance 2 with the generally accepted accounting principles (GAAP). The amount of these transfers was $3.055 billion for 2001 and $797 million for the first quarter of 2002. Without these transfers, the company’s reported EBITDA would be reduced to $6.339 billion for 2001 and $1.368 billion for the first quarter of 2002, and the company would have reported a net loss for 2001 and for the first quarter of 2002 (Pandey & Verma, 2004, p. 113). This information came at a time where the company had reached an all time high in the industry, second only to AT&T. The company originally started out as a small provider of long distance telephone service in Mississippi under the name LDDS and later changed its name to WorldCom. During the 1990’s the company took on an aggressive acquisition strategy acquiring the likes...
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...Assignment 1: Review of accounting ethics 1 Assignment 1: Review of Accounting Ethics By February 1, 2013 ACC 557: Financial Accounting Oleksii Morgun Strayer University at Arlington Campus School of Business Administration (M.S. Accounting Program) Assignment 1: Review of Accounting Ethics 2 Abstract This research writing is to describe the following: 1. Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conductive to ethical behavior. 2. Based on research, describe organization, the accounting ethical breach and the impact to the organization related to ethical breach. 3. Determine how the organizational ethical issue was detected and how management failed to create ethical environment. 4. Analyze the accounts impacted and/or accounting guidelines violated and the resulting impact to the business operation. 5. As a CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure should be implemented in future. Assignment 1: Review of Accounting Ethics 3 Before the Enron and Andersen scandals, relatively little public attention was paid to the truthfulness of financial reporting. Of course, no one believed every...
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...A Breach of Professional Accounting Ethics Kira Welcome Professor Dr. Jacob Angima Financial Accounting ACC 557 October 30, 2012 A Breach of Professional Accounting Ethics Based on the corporate ethical breaches in recent times I believe that the current businesses and regulatory environment is more conducive to ethical behavior due to the workplace. In the workplace ethics develops an atmosphere of respect and tolerance for everyone, by striving to conduct business in a manner that is beneficial to owners, employees and customers. It is very important to have trust and honesty between management, the employees, its co-workers, and between the business and its customers. When ethical lapses of trust becomes rampant, employee productivity declines, loyalty follows, and soon major breaches such as employee theft begin to appear (Calle, 2009). It is said that “Ethical integrity involves reporting others acting in dangerous or illegal way. The term whistleblowers are people who choose to expose wrongdoings, usually at the expense of their careers (Capozzi, 2008).” Ronald Jeurissen, author of “Ethics and Business,” says that whistle-blowing has moral considerations. For instance, the person should be sure the negative consequences to the company of such exposure do not outweigh the benefit to the public. When professional accounting ethics are breached accountants may expect to lose their job, or may even end up spending time in jail depending on the crime. As part of the...
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...Review of Accounting Ethics Strayer University ACC 557: Financial Accounting Professor: Dr. Khaled Abdel Ghany July 24, 2013 Recent corporate scandals in the Unites States and elsewhere have led to a wide-ranging re-examination of standards for corporate governance with repercussions that extend also to financial regulation. Good leaders strive to create a better and more ethical organization. Restoring an ethical climate in organization is critical, as it is a key component in solving the many other organizational development and ethical behavior issues facing the organization. Unethical behavior has drawn the attention of the public for the few last decades in all kinds of business. Many transformations in the business environment have taken place, including immoral conducts and the tendency for corruption. Unethical accounting behavior is also included as a consequence. The unpredictable increase and collapse of the Enron Company set off a long-burning fire under the American social conscience. From every crevasse and corner, voices rose demanding increased accountability, demanding tighter regulation, and demanding that the unethical be brought to justice. Accounting is more and more involved in consulting, so it requires high ethical standards to built trust between clients and companies. The Sarbanes-Oxley Act of 2002 was a key milestone in ensuring the appropriate recording of financial information...
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