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ACC 557 UOP Tutorial • ACC 557 Week 1 Individual Assignment Ethics Case Study • ACC 557 Week 1 DQ 1 • ACC 557 Week 1 DQ 2 • ACC 557 Week 2 Individual Assignment Procedures to collect accounting evidence • ACC 557 Week 2 DQ 1 • ACC 557 Week 2 DQ 2 • Can market efficiency evolve on its own without government intervention? Why or why not? What role do ethics play in market efficiency? ACC 557 Entire Course ACC 557 Week 1 DQ 1
ACC 557 UOP Tutorial • If resources became freely available in unlimited quantities, would there still be a need for economics? • Individual Assignment: Ethics Case Study • Write a 350- to 700-word paper explaining the following: • Given the current pressures on China, Jamaica, and America expressed in the article, how would ethics play a role in decision making for financial, environmental, and cultural issues? • How are the concepts of positive and normative economics reflected in this context? ACC 557 Week 1 DQ 2 ACC 557 Week 1 Individual Assignment Ethics Case Study
ACC 557 UOP Tutorial • Assuming the consumer is rational, how can utility affect their economic decisions? Does utility lead to more or less customer satisfaction? Why or why not? • Is elastic or inelastic demand better for a supplier's profitability? Explain ACC 557 Week 2 DQ 1 ACC 557 Week 2 DQ 2
ACC 557 UOP Tutorial • ACC 557 Week 2 Individual Assignment Procedures to collect accounting evidence • Explain several ethical challenges one could incur when measuring performance within an organization. ACC 557 Week 2 Individual Assignment Procedures to collect accounting evidence ACC 557 Week 3 DQ 1
ACC 557 UOP Tutorial • Explain what ethical issues SOX has helped with and where improvement is still necessary. • Learning Team Assignment: Ethical Challenges and Agency Issues • Adverse financial situations occurring throughout the 20th century led to government legislative interventions regarding corporate financial accounting on several occasions. • Resource: Cost Management • Read the following case studies from the text: • “Timely Reporting of Budget Problems Case Study” on pp. 388 & 389 (Ch. 10). ACC 557 Week 3 DQ 2 ACC 557 Week 3 Learning Team Assignment Ethical Challenges and Agency Issues
ACC 557 UOP Tutorial • Explain ethical challenges an accountant could face in recognizing revenue for a firm. How could these challenges be addressed? • Distinguish between ethical and unethical behavior in a bankruptcy setting. ACC 557 Week 4 DQ 1 ACC 557 Week 4 DQ 2
ACC 557 UOP Tutorial • Individual Assignment: Ethics of Penn Square Bank and the Dow Corning Bankruptcy • Resources: This week’s Electronic Reserve Readings • Agree to your Week 5 Learning Team Charter • Conduct additional research, and then answer each question in two 350- to 700-word responses: • Does today's information technology environment help or hinder ethical actions within an organization? Explain. ACC 557 Week 4 Individual Assignment Ethics of Penn Square Bank and the Dow Corning Bankruptcy ACC 557 Week 5 DQ 1
ACC 557 UOP Tutorial • Would it ever be beneficial for an accountant to include ethical standards in a contract? Explain. How about in an information technology system? Explain. • Learning Team Assignment: Internal Policies • Your firm must establish internal policies regarding the creation of business contracts as well as electronic communications (e-mail) inclding document retention. • Draft the internal policies as a team. The policies should be clear and include a set of procedures. ACC 557 Week 5 DQ 2 ACC 557 Week 5 Learning Team Assignment Internal Policies
ACC 557 UOP Tutorial • If, as an accountant, you had the option of working with only one of the boards, FASB, GASB, or IASB, which one would you choose?Explain your reasons. • Are ethics important to the accounting profession?Explain your answer. • In short: yes and I assume that it would not be part of our curriculum if it was not so crucial. Why is it important? ACC 557 Week 6 DQ 1 ACC 557 Week 6 DQ 2
ACC 557 UOP Tutorial • ACC 557 week 6 Individual Assignment - Economic and Ethical Issues of Pricing • As a CPA you are in charge of a small tax advisory firm providing services to individual taxpayers, a substantial group of whom is high-wealth. Your firm is experiencing new pressures from the changing marketplace. New, non-CPA market competitors and competition from do-it-yourself tax-preparation software packages have had a negative effect on your bottom line. ACC 557 Week 6 Individual Economic and Ethical Issues of Pricing
