Accounting Information Systems Ethical Dilemma Homework Assignment Deliverable 4” x 6” index card, NO NAME Assignment 1. On one side of the card, explain a situation in which you faced an ethical dilemma. The situation could be from your personal life (with friends or relatives), from work experience, or from school. 2. On the reverse side of the card, explain how you handled the ethical dilemma. Did you seek advice from anyone? What actions did you consider? What action did
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the American Society of Certified public Accountants merged together to establish a bigger organization called the American Institute of Certified Public Accountants (AICPA). The AICPA established Committee on Accounting Procedure and the Accounting Principles Board failed to achieve the goals that they were created for. The AICPA appointed two Committees, the Wheat Committee and the Trueblood Committee. The Wheat Committee’s responsibility was to study how financial accounting principles should
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correctly states that the bond's basis is reduced by the amortization. | |[pic] |D. The bond's basis is increased by the amortization. | |Question #2 (AICPA.921101REG-P2-AR) | |[pic] | Alex and Myra Burg, married and filing joint income tax returns, derive their entire income from the operation of their retail candy shop
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Interoffice Memorandum To: From: Subject : Dell Date: I have reviewed Dell Incorporated most recent SEC Form 10-K filed on 3/15/2012 for period 1/28/2012 below is my findings. Competitors Dell faces aggressive product and price competition from both branded and generic competitors. Some of Dell’s major competitors include Apple, Hewlett-Packard (HP), Sun Microsystems, Gateway, Lenovo, Sony Acer-Toshiba and Asus. Suppliers Many of the suppliers are located outside of the U.S
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of the most important attributes of the public accountant. Before pursuing a course of action to resolve ethical dilemmas, a CPA may want to consult with legal counsel, applicable professional bodies, and appropriate firm or employer personnel. The AICPA[1] provides an ethics hotline to assist members in this and other ethics issues. Going through the case, one can see that there are a few breaches of some accounting rules and there is a dilemma about what exactly Jane’s responsibilities are and what
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Apollo Shoes, Inc. Audit Report The audit firm of Anderson, Olds, and Watershed, CPA (AOW) has been engaged by Apollo Shoes, Inc. to audit the financial statements for the fiscal year ending December 31, 2007, and file the Form 10-k with the SEC within 60 days of this date. It has also been agreed that AOW will prepare the state franchise tax and federal tax returns for Apollo Shoes, Inc. The field work for the audit will begin mid-January, with the trial balance to be sent to AOW shortly after
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Control’s (“United”) corporate governance. Given the fact that United is a publicly owned company, the role that the Sarbanes-Oxley Act of 2002 (“SOX”) played in this case will be examined. The discussion will cover various regulations such as the AICPA Code of Conduct, GAAP, and the ethicality of the activities that occurred at United. United Thermostatic Controls manufactures thermostats for commercial and retail users. Like most companies its goal is to achieve increased sales and higher profits
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Accounting Regulatory Bodies There are many different types of regulatory bodies to regulate financial accounting and financial reporting. These types of regulators help make financial reports and accounting easier to read and understand. End users to these reports include investors, lenders, etc. The Public Company Accounting Oversight Board (PCAOB) was created to oversee the auditors of public companies to protect the interests of investors and further interest in the preparation of
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profitable career choices would be Certified Public Accountant (CPA) or Chief Financial Officer (CFO). A CPA has an array of duties, to include: filing taxes for individuals or corporations, as well as offering financial planning services. According to AICPA (2014), the financial planning services often include: financial compliance, asset management, managing internal reviews and risk or assessment management. It is worth noting that the CPA can work in different venues such as: government, non-profit
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discussion; Read case and think (G): Graded; Be about questions prepared to turn in before class at start of class Ch. 1 p. 12-19 (LO 7) Ch. 4 p. 114-121 (LOs 4-5) Chow 1982 The Accounting Review p. 272-277 (Sections 1 & 2 only) AICPA Summary of SOX Oxley (2007): Restoring Investor Confidence (D) Enron Corporation and Andersen, LLP. (case 4.1 in Beasley, Buckless, Glower and Prawitt) Ciconte 2015 (Sections 1 & 2 only) Wed – 9/2 PAGE 1 OF 2 Ch. 2 p. 49-54
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