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<strong>ACC</strong> <strong>557</strong> Week 2 Individual Assignment Procedures To Collect Accounting<br />
Evidence<br />
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<strong>ACC</strong> <strong>557</strong> Complete <strong>Course</strong><br />
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<strong>ACC</strong> <strong>557</strong> Week 6 Individual Assignment Economic and Ethical Issues of<br />
Pricing<br />
As a CPA you are in charge of a small tax advisory firm providing services to<br />
individual taxpayers, a substantial group of whom is high-wealth. Your firm is<br />
experiencing new pressures from the changing marketplace. New, non-CPA<br />
market competitors and competition from do-it-yourself tax-preparation software<br />
packages have had a negative effect on your bottom line. Because of these<br />
pressures, you are looking at ways to reduce costs. To expand your business and<br />
continue successfully you must consider employing non-CPAs.<br />
Write a 700- to 1,050-word paper explaining economic issues that bring concern to<br />
pricing your services and products. What ethical challenges will you face in hiring<br />
non-CPAs? What standards apply?<br />
Format the paper consistent with APA guidelines.<br />
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<strong>ACC</strong> <strong>557</strong> Week 6 DQ 2<br />
Are ethics important to the accounting profession? Explain your answer.<br />
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<strong>ACC</strong> <strong>557</strong> Week 6 DQ 1<br />
If, as an accountant, you had the option of working with only one of the boards,<br />
FASB, GASB, or IASB, which one would you choose? Explain your reasons.<br />
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<strong>ACC</strong> <strong>557</strong> Week 5 Learning Team Assignment Internal Policies<br />
Your firm must establish internal policies regarding the creation of business<br />
contracts as well as electronic communications (e-mail) including document<br />
retention.<br />
Draft the internal policies as a team. The policies should be clear and include a set<br />
of procedures.<br />
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<strong>ACC</strong> <strong>557</strong> Week 5 DQ 2<br />
Would it ever be beneficial for an accountant to include ethical standards in a<br />
contract? Explain. How about in an information technology system? Explain.<br />
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<strong>ACC</strong> <strong>557</strong> Week 5 DQ 1<br />
Does today’s information technology environment help or hinder ethical actions<br />
within an organization? Explain.<br />
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<strong>ACC</strong> <strong>557</strong> Week 4 Individual Assignment Ethics of Penn Square Bank and the<br />
Dow Corning Bankruptcy<br />
Resources: This week’s Electronic Reserve Readings<br />
Agree to your Week 5 Learning Team Charter<br />
Conduct additional research, and then answer each question in two 350- to 700-<br />
word responses:<br />
Penn Square Bank: What were the ethical pressures on the firm concerning<br />
documentation, credit extension, and revenue recognition that lead to the final<br />
collapse? What should have been done to reduce or offset these pressures?<br />
Dow Corning Bankruptcy: What were the business’ ethical challenges involved in<br />
filing bankruptcy for Dow Corning? Analyze the actions of the two parent<br />
companies, Dow and Corning, that represent the largest ethical issues.<br />
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<strong>ACC</strong> <strong>557</strong> Week 4 DQ 2<br />
Distinguish between ethical and unethical behavior in a bankruptcy setting.<br />
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<strong>ACC</strong> <strong>557</strong> Week 4 DQ 1<br />
Explain ethical challenges an accountant could face in recognizing revenue for a<br />
firm. How could these challenges be addressed?<br />
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<strong>ACC</strong> <strong>557</strong> Week 3 Learning Team Assignment Ethical Challenges and Agency<br />
Issues<br />
Resource: Cost Management<br />
Read the following case studies from the text:<br />
Timely Reporting of Budget Problems Case Study on pp. 388 & 389 (Ch. 10).<br />
Level of Executive Pay Case Study on pp. 605-607 (Ch. 15).<br />
Write a 700- to 1,400-word paper, analyzing the ethical challenges as well as any<br />
agency issues. In the same paper, explain how the 1933, 1934, and SOX Acts were<br />
reactions to financial crises arising from similar challenges.<br />
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<strong>ACC</strong> <strong>557</strong> Week 3 DQ 2<br />
Explain what ethical issues SOX has helped with and where improvement is still<br />
necessary.<br />
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<strong>ACC</strong> <strong>557</strong> Week 3 DQ 1<br />
Explain several ethical challenges one could incur when measuring performance<br />
within an organization.<br />
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<strong>ACC</strong> <strong>557</strong> Week 2 DQ 2<br />
Is elastic or inelastic demand better for a supplier’s profitability? Explain
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<strong>ACC</strong> <strong>557</strong> Week 2 DQ 1<br />
Assuming the consumer is rational, how can utility affect their economic<br />
decisions? Does utility lead to more or less customer satisfaction? Why or why<br />
not?<br />
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<strong>ACC</strong> <strong>557</strong> Week 1 Individual Assignment Ethics Case Study<br />
Write a 350- to 700-word paper explaining the following:<br />
Given the current pressures on China, Jamaica, and America expressed in the<br />
article, how would ethics play a role in decision making for financial,<br />
environmental, and cultural issues?<br />
How are the concepts of positive and normative economics reflected in this<br />
context?<br />
How do market efficiency, economizing, and the market system affect these ethical<br />
issues?<br />
Format the paper according to APA standards.<br />
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<strong>ACC</strong> <strong>557</strong> Week 1 DQ 2<br />
If resources became freely available in unlimited quantities, would there still be a<br />
need for economics?<br />
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<strong>ACC</strong> <strong>557</strong> Week 1 DQ 1<br />
Can market efficiency evolve on its own without government intervention? Why<br />
or why not? What role do ethics play in market efficiency?<br />
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