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Business Ethics

Critiquing Prior Decisions Made

Part 1 You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overal

Organizational Ethical Practices

In today's business environment, ethical behavior and practice have become an essential aspect of any organization. The foundation for ethical behavior can come in many forms, however. For this discussion: 1. Explore current issues in ethics, and propose a foundation for your organization's ethical practices, such as going g

Integration of Core Disciplines

Cohen and Roussel's final chapter on integrating the five core disciplinesâ?""A Road Map for Change." (Refer to this link: http://lvk.cs.msu.su/~antiw/McGraw-Hill.Strategic.Supply.Chain.Management.The.Five.Disciplines.For.Top.Performance.ISBN0071432175.pdf) For this discussion, explore your organization's ability to integra

Qtip Corp owns stock in Maxey Corp. The investment represents a 10% interest and Qtip is unable to exercise significant influence over Maxey. The Maxey stock was purchased by Qtip on January 1, 2002 for $23,000. The stock consistently pays an annual dividend to Qtip of $2,000. Qtip classifies the stock as available for sale. Its fair value at December 31, 2009 was $21,600. The amount was properly reported as an asset in the balance sheet. Due to the development of a new Maxey product line, the market value of Qtip's investment rose to $27,000 at December 31, 2010. The Qtip management team is aware of the provisions of SFAS No. 115. The possibility of changing the classification from available for sale to trading is discussed. This change is justified, the managers say, because they intend to sell the security at some point in 2011 so that they can realize the gain. a. Discuss the role that managerial intention playing in the accounting treatment of equity securities that have a readily determinable fair value under SFAS no. 115. b. What income statement effect if any would the change in classification have for Qtip? c. Are there any ethical considerations that need to be considered? d. Opponents of SFAS No. 115 contend that allowing a change in classification masks effects of unrealized losses and results in improper matching of market value changes with accounting periods. Describe how the accounting treatment and proposed change in classification would result in this sort of mismatching.

Qtip Corp owns stock in Maxey Corp. The investment represents a 10% interest and Qtip is unable to exercise significant influence over Maxey. The Maxey stock was purchased by Qtip on January 1, 2002 for $23,000. The stock consistently pays an annual dividend to Qtip of $2,000. Qtip classifies the stock as available for sale.

What are three primary roles of the SEC? How does the Sarbanes Oxley Act augment the SEC's role in managing financial governance? Do you think that businesses are more ethical after the passing of the Sarbanes Oxley Act? What examples are there to support you answer?

What are three primary roles of the SEC? How does the Sarbanes Oxley Act augment the SEC's role in managing financial governance? Do you think that businesses are more ethical after the passing of the Sarbanes Oxley Act? What examples are there to support you answer?

Jo is a CMA employed by Maximum Corporation. Jo reports to

1. Jo is a CMA employed by Maximum Corporation. Jo reports to Sally, a plant manager, and has provided Sally with a report indicating a proposed new plant expansion is not feasible. Sally explains to Jo that the expansion must be approved to provide jobs for plant workers laid off from other parts of the plant that are closing

What Are the Ethical Problems Raised in the WorldCom Case?

Step 1) What are the ethical problems raised in the WorldCom case? Step 2) Using Steps 1-4 in the following decision-making model, critically evaluate WorldCom's ethical problems using the deontological framework. http://www.ethics.org/resource/plus-decision-making-process Step 3) Assess WorldCom's ethics from Immanuel

Traditional Marketing vs. New Ethics, Diversity & Products

Do you think that traditional marketing practices are effective before the challenges of ethical dilemmas, issue identification, product planning, cultural differences, complexities existing in the market place, growth and change, and cheap perception. Please, cite the source used to arrive at the assertions in quotes

Communication issues: Inconsistency, style, technological shift

We work with many different types of people who communicate in different ways. Some are introverted and do not relay necessary information, and some deliver too much information. Whatever the case may be, people communicate with others in different ways. How can this inconsistency in communication affect the operation of the

Locate an article discusses ethical issues in retail management

Resources: Internet Locate an article that discusses ethical issues in retail management. Write a Article Review. Address the following items in your review: - Briefly summarize the article. - Relate the concepts of the article to your organization. - Make recommendations for your organization based on the article. -

The company with which you are currently employed is experiencing a financial crisis. The chief financial officer (CFO) has suddenly resigned and no one is discussing the reasons. The U.S. Securities and Exchange Commission (SEC) is investigating your company's accounting practices and, from the documents they have requested, the issue seems to concern revenue recognition. Rumors are beginning to circulate that suggest inappropriate behavior on the part of your company. The organization is a publicly traded company and, as such, the company is required to issue a public notice concerning the sudden vacancy of the CFO. As a certified public accountant on the team drafting the notice, you are involved in communicating the current situation to the general public. Write a press release. You may research to find examples of public notices. Use the examples to determine how you will format your press release. Write an accompanying internal memo of no more than 2 pages in length to your manager. Complete the following in your memo: Outline what your company is legally required to do. Explain the value of the public communication in this situation. Examine the balance between calming external stakeholders and the ethical considerations of providing all the information that is required by the SEC. Explain how the perception of the press release will affect public opinion.

The company with which you are currently employed is experiencing a financial crisis. The chief financial officer (CFO) has suddenly resigned and no one is discussing the reasons. The U.S. Securities and Exchange Commission (SEC) is investigating your company's accounting practices and, from the documents they have requested, th

An Example of an Ethical Problem and Resolution

Write a paper in which you address the following: 1) Describe an ethical problem you have confronted in a business situation; 2) Describe the deontological implications of the ethical problem you have described; 3) If the problem was resolved: a) Tell me how the problem was resolved; b) Whether you agree with how the pr

o Compare and contrast the various ethical decision-making approaches. o Which approach do you think is most applicable in the real world? Explain your rationale. o Generalizing from your results of the Experiential Exercise "Ethical Work Climate", what general recommendations can you make for improving the ethical standings of corporations in general? Explain your reasoning.

o Compare and contrast the various ethical decision-making approaches. o Which approach do you think is most applicable in the real world? Explain your rationale. o Generalizing from your results of the Experiential Exercise "Ethical Work Climate", what general recommendations can you make for improving the ethical standings o

Apply the term "Power and Corruption" and "White Collar Crime"

If we apply the term "Power and Corruption" and what is known as the "White Collar Crime", do you think having some process to evaluate your actions before you commit them could be helpful? How would you as a manager use a concept like this to make sure you remain ethical and do what is in the best interest of the company?

Norton Company, a manufacturer of infant furniture and carriages, is in the initial stages of preparing the annual budget for next year. Scott Ford has recently joined Norton's accounting staff and is interested to learn as much as possible about the company's budgeting process. During a recent lunch with Marge Atkins, sales manager, and Pete Granger, production manager. Ford initiated the conversation below. Read the conversation and answer the questions that follow. Ford: Since I'm new around here and am going to be involved with the preparation of the annual budget, I'd be interested to learn how the two of you estimate sales and production numbers. Atkins: We start out very methodically by looking at recent history, discussing what we know about current accounts, potential customers, and the general state of consumer spending. Then, we add that usual dose of intuition to come up with the best forecast we can. Granger: I usually take the sales projections as the basis for my projections. Of course, we have to make an estimate of what this year's ending inventories will be, which is sometimes difficult. Ford: Why does that present a problem? There must have been an estimate of ending inventories in the budget for the current year. Granger: Those numbers aren't always reliable because Marge makes some adjustments to the sales numbers before passing them on to me. Ford: What kind of adjustments? Atkins: Well, we don't want to fall short of the sales projections so we generally give ourselves a little breathing room by lowering the initial sales projection anywhere from 5% to 10%. Granger: So, you can see why this year's budget is not a very reliable starting point. We always have to adjust the projected production rates as the year progresses and, of course, this changes the ending inventory estimates. By the way, we make similar adjustments to expenses by adding at least 10% to the estimates; I think everyone around here does the same thing. *************************************** Marge Atkins and Pete Granger have described the use of what is sometimes called budgetary slack. Explain why Atkins and Granger behave in this manner and describe the benefits they expect to realize from the use of budgetary slack. Explain how the use of budgetary slack can adversely affect Atkins and Granger. As a management accountant, Scott Ford believes that the behavior described by Marge Atkins and Pete Granger may be unethical. By referring to the IMA's Statement of Ethical Professional Practice in chapter 1, explain why the use of budgetary slack may be unethical.

Can you help me with the following assignment? Norton Company, a manufacturer of infant furniture and carriages, is in the initial stages of preparing the annual budget for next year. Scott Ford has recently joined Norton's accounting staff and is interested to learn as much as possible about the company's budgeting process.

What are three primary roles of the SEC? How does the Sarbanes Oxley Act augment the SEC's role in managing financial governance? Do you think that businesses are more ethical after the passing of the Sarbanes Oxley Act? What examples are there to support you answer?

What are three primary roles of the SEC? How does the Sarbanes Oxley Act augment the SEC's role in managing financial governance? Do you think that businesses are more ethical after the passing of the Sarbanes Oxley Act? What examples are there to support you answer?

Ethical Organizations and Leadership

1. How are ethical organizations created through ethical leadership and organizational structures and systems 2. If a middle manager was helping to implement a new corporate cost-cutting strategy, and they are meeting skepticism, resistance, and in some cases, outright hostility from their subordinates. In what ways might th

Why it is important for an accountant to remain ethical

Why it is important for an accountant to remain ethical, subjective and unbiased? What are the sources and standards of ethical conduct which accountants should follow. provide an example of ââ?¬Å"good accountants, gone bad.