In stage 1 of Kohlberg's model, ethical reasoning is motivated by: A. Fear of punishment B. Satisfaction of one's needs C. Following the law D. Acting based on universal ethical principles 3. In the DigitPrint case, at which stage does Wally Wonderful reason if he insists on compliance with GAAP? A. Stage 2 B. Stage 3 C. Stage 4 D. Stage 5 4. Each of the following is an element of Rest's model of morality except for: A. Moral sensitivity B. One's stage of ethical development C. Moral motivation
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Organizations are in crucial times and reports are imperative for its continued maintenance. According to Gerard Magill and Lawrence Prybil, state that stewardship and integrity is an approach that inspires the ethical decision making process in health care in financial reporting and ethical standards (2004). Crucial is the role organizational ethics play to regain lost trust and recover the confidence in communities, in the business or the health care community. “Organizations in health care need
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1-6 1.1 Human Resource Management (HRM) 1-3 1.2 Accounting 3 1.3 Marketing 4-6 1.4 Operations Management 5 TASK 2 Analyzing the Key Issues 7-9 2.1 Human Resource Management (HRM) 7 2.2 Marketing 8-9 Conclusion and recommendations 10 References 11 Introduction Understanding business is very important when a company is going to operate for the first time. Without understanding business and its core component like HRM, Marketing, accounting, and operational management it is difficult to initiate
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CHAPTER 1 INTRODUCTION: THE ROLE, HISTORY, AND DIRECTION OF MANAGEMENT ACCOUNTING QUESTIONS FOR WRITING AND DISCUSSION 1. A management accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. 2. The inputs of a management accounting information system are economic events. The processes transform the inputs into outputs and are such things as collecting, measuring, storing, analyzing, reporting, and
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It’s Time For Principles-Based Accounting Ethics More than Establish Minimum Acceptable Standards Professionals often face grey areas in life that have no clearly defined right or wrong answer, where there is no obvious choice. The manner is deciding what choice one should make in such a circumstance is frequently guided by ethics, which help to decide what the correct moral path should be. Although doing the right thing is desirable, figuring out exactly what that should be has been a philosophical
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related set of practices which when implemented in organizations lend good credibility to the organization for its ethics.(Campbell) Ethics involves moral issues and choices and deal with right and wrong behavior.(Luthans) Businesses need people who have strong moral leadership skills and who are guided by clearly defined business ethics. Ethical standards have an important role not only in business decisions but also in a person’s everyday life. If a person is making unethical decisions others tend
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small audit firm in Illinois to form Arthur, Clarence & Co, which became Androids & Co in 1918. Arthur Androids, who is the founder, headed the firm of Androids & Co until his death in 1945. He was a passionate supporter of high standards in the accounting industry. In 1945, Leonardo Sparky, who handled Androids at the founder’s death, continued this emphasis on honesty. For all these years, Android’s motto was “Think Straight, Talk Straight”. David Lawrence joined Androids twenty years ago
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from Alabama’s nonprofits to provide education and social service programs. But, competition for foundation and government agency funding is steadily increasing. Functional Area Plan: Accounting and Finance Accounting and Finance Manager Composition Just like anyone in the medical or law profession, accountants have to adhere to a code of ethics. They are responsible for tracking all financial gains and losses
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Introduction The usefulness of accounting theory is evident at various levels within the accounting profession and society in general including, standard setters, accounting professionals and users of accounting information. This essay will address two key areas, firstly, a personal reflection on this course and why studying theory is essential for practicing accountants. The second part is a critical evaluation of the conceptual framework and why it is an essential part of accounting literature. Areas evaluated
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He wanted to avoid personal involvement in the case he should take action. The controller of company confronted the unethical behavior. He decided to strictly enforce the standards of BMI and disclose the ugly fact. How did company deal with the issues? How did company foresee the importance of the internal control in business and improve it and achieve its budgeted objective? IMPORTANCE OF INTERNAL CONTROL IN BUSINESS 3 Discussion In this case
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