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Question 1

ACC 557 Week 6 Individual Assignment Economic and Ethical Issues of Pricing
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Answer 1

ACC 557 Week 6 Individual Assignment Economic and Ethical Issues of Pricing
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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. Because of these pressures, you are looking at ways to reduce costs. To expand your business and continue successfully you must consider employing non-CPAs.

Write a 700- to 1,050-word paper explaining economic issues that bring concern to pricing your services and products. What ethical challenges will you face in hiring non-CPAs? What standards apply?

Format the paper consistent with APA guidelines.

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Question 2

ACC 557 Week 6 DQ 2
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Answer 2

ACC 557 Week 6 DQ 2
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ACC 557 Week 6 DQ 2

Are ethics important to the accounting profession? Explain your answer.

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Question 3

ACC 557 Week 6 DQ 1
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Answer 3

ACC 557 Week 6 DQ 1
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ACC 557 Week 6 DQ 1

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.

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Question 4

ACC 557 Week 5 Learning Team Assignment Internal Policies
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Answer 4

ACC 557 Week 5 Learning Team Assignment Internal Policies
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ACC 557 Week 5 Learning Team Assignment Internal Policies

Your firm must establish internal policies regarding the creation of business contracts as well as electronic communications (e-mail) including document retention.

Draft the internal policies as a team. The policies should be clear and include a set of procedures.

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Question 5

ACC 557 Week 5 DQ 2
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Answer 5

ACC 557 Week 5 DQ 2
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ACC 557 Week 5 DQ 2

Would it ever be beneficial for an accountant to include ethical standards in a contract? Explain. How about in an information technology system? Explain.

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Question 6

ACC 557 Week 5 DQ 1
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Answer 6

ACC 557 Week 5 DQ 1
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ACC 557 Week 5 DQ 1

Does today’s information technology environment help or hinder ethical actions within an organization? Explain.

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Question 7

ACC 557 Week 4 Individual Assignment Ethics of Penn Square Bank and the Dow Corning Bankruptcy
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Answer 7

ACC 557 Week 4 Individual Assignment Ethics of Penn Square Bank and the Dow Corning Bankruptcy
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ACC 557 Week 4 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:

Penn Square Bank: What were the ethical pressures on the firm concerning documentation, credit extension, and revenue recognition that lead to the final collapse? What should have been done to reduce or offset these pressures?

Dow Corning Bankruptcy: What were the business’ ethical challenges involved in filing bankruptcy for Dow Corning? Analyze the actions of the two parent companies, Dow and Corning, that represent the largest ethical issues.

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Question 8

ACC 557 Week 4 DQ 2
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Answer 8

ACC 557 Week 4 DQ 2
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ACC 557 Week 4 DQ 2

Distinguish between ethical and unethical behavior in a bankruptcy setting.

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Question 9

ACC 557 Week 4 DQ 1
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Answer 9

ACC 557 Week 4 DQ 1
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ACC 557 Week 4 DQ 1

Explain ethical challenges an accountant could face in recognizing revenue for a firm. How could these challenges be addressed?

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Question 10

ACC 557 Week 3 Learning Team Assignment Ethical Challenges and Agency Issues
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Answer 10

ACC 557 Week 3 Learning Team Assignment Ethical Challenges and Agency Issues
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ACC 557 Week 3 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).

“Level of Executive Pay Case Study” on pp. 605-607 (Ch. 15).

Write a 700- to 1,400-word paper, analyzing the ethical challenges as well as any agency issues. In the same paper, explain how the 1933, 1934, and SOX Acts were reactions to financial crises arising from similar challenges.

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Question 11

ACC 557 Week 3 DQ 2
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Answer 11

ACC 557 Week 3 DQ 2
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ACC 557 Week 3 DQ 2

Explain what ethical issues SOX has helped with and where improvement is still necessary.

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Question 12

ACC 557 Week 3 DQ 1
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Answer 12

ACC 557 Week 3 DQ 1
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ACC 557 Week 3 DQ 1

Explain several ethical challenges one could incur when measuring performance within an organization.

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Question 13

ACC 557 Week 2 Individual Assignment Procedures to Collect Accounting Evidence
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Answer 13

ACC 557 Week 2 Individual Assignment Procedures to Collect Accounting Evidence
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Question 14

ACC 557 Week 2 DQ 2
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Answer 14

ACC 557 Week 2 DQ 2
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ACC 557 Week 2 DQ 2

Is elastic or inelastic demand better for a supplier’s profitability? Explain

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Question 15

ACC 557 Week 2 DQ 1
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Answer 15

ACC 557 Week 2 DQ 1
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ACC 557 Week 2 DQ 1

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?

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Question 16

ACC 557 Week 1 Individual Assignment Ethics Case Study
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Answer 16

ACC 557 Week 1 Individual Assignment Ethics Case Study
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ACC 557 Week 1 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?

How do market efficiency, economizing, and the market system affect these ethical issues?

Format the paper according to APA standards.

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Question 17

ACC 557 Week 1 DQ 2
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Answer 17

ACC 557 Week 1 DQ 2
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ACC 557 Week 1 DQ 2

If resources became freely available in unlimited quantities, would there still be a need for economics?

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Question 18

ACC 557 Week 1 DQ 1
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Answer 18

ACC 557 Week 1 DQ 1
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ACC 557 Week 1 DQ 1

Can market efficiency evolve on its own without government intervention? Why or why not? What role do ethics play in market efficiency?

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Question 19

ACC 557 Complete Class
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Answer 19

ACC 557 Complete Class
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