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Flashcards in ETH 557 UOP Complete Class, ETH 557 UOP Assignment, ETH 557 UOP Course Deck (22):
1

ETH 557 Week 6 Individual Economic and Ethical Issues of Pricing
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ETH 557 Week 6 Individual Economic and Ethical Issues of Pricing
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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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2

ETH 557 Week 6 DQ 3
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ETH 557 Week 6 DQ 3
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Are ethics important to the accounting profession? Explain your answer.

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3

ETH 557 Week 6 DQ 2
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ETH 557 Week 6 DQ 2
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Are the current accounting standards ethically based? Explain.

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4

ETH 557 Week 6 DQ 1
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ETH 557 Week 6 DQ 1
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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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5

ETH 557 Week 5 Learning Team Internal Policies
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ETH 557 Week 5 Learning Team Internal Policies
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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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6

ETH 557 Week 5 DQ 2
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ETH 557 Week 5 DQ 2
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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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7

ETH 557 Week 5 DQ 1
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ETH 557 Week 5 DQ 1
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Does today’s information technology environment help or hinder ethical actions within an organization? Explain.

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8

ETH 557 Week 4 Individual Ethics of Penn
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ETH 557 Week 4 Individual Ethics of Penn
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Resources: This week’s Electronic Reserve Readings. 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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9

ETH 557 Week 4 DQ 3
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ETH 557 Week 4 DQ 3
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Distinguish between ethical and unethical behavior in a bankruptcy setting.

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10

ETH 557 Week 4 DQ 2
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ETH 557 Week 4 DQ 2
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What are some ethical challenges the financial services industry faces? What can be done to mitigate the potential for unethical behavior in the financial services industry?

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11

ETH 557 Week 4 DQ 1
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ETH 557 Week 4 DQ 1
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Explain ethical challenges an accountant could face in recognizing revenue for a firm. How could these challenges be addressed?

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12

ETH 557 Week 3 Learning Team Ethical Challenges and Agency Issues
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ETH 557 Week 3 Learning Team Ethical Challenges and Agency Issues
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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, 350 to 700 words for each team member, 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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13

ETH 557 Week 3 DQ 2
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ETH 557 Week 3 DQ 2
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Explain what ethical issues SOX has helped with and where improvement is still necessary?

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14

ETH 557 Week 3 DQ 1
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ETH 557 Week 3 DQ 1
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Explain several ethical challenges one could incur when measuring financial performance within an organization.

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15

ETH 557 Week 2 DQ 3
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ETH 557 Week 2 DQ 3
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What are the determinants of demand and what happens to the demand curve when each of these determinants change? What is the difference between a change in demand and a change in the quantity demanded?

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16

ETH 557 Week 2 DQ 2
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ETH 557 Week 2 DQ 2
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What would be the consumer buying response to Coca-Cola if the price of Pepsi doubled? If the prices of Coca-Cola and Pepsi remained constant, what would be the consumers typical buying response to these products if their income was reduced by 30%? Suppose all carbonated beverages tripled in price. How would the concepts of utility, income, and substitution predict consumer behavior based on the rise in the cost of carbonated beverages?

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17

ETH 557 Week 2 DQ 1
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ETH 557 Week 2 DQ 1
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Research the elasticity of beef and eggs in regard to price changes. How do supply, demand, and price controls interact to affect equilibrium price of eggs? Why do customers have a more elastic buying response to beef than to eggs?

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18

ETH 557 Week 1 Individual Ethics Case Study
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ETH 557 Week 1 Individual Ethics Case Study
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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 consistent with APA guidelines.

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19

ETH 557 Week 1 DQ 3
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ETH 557 Week 1 DQ 3
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If resources became freely available in unlimited quantities, would there still be a need for economics?

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20

ETH 557 Week 1 DQ 2
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ETH 557 Week 1 DQ 2
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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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21

ETH 557 Week 1 DQ 1
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ETH 557 Week 1 DQ 1
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What is the difference between positive and normative economics? Which is more prevalent in today’s economies? Why? What role, if any, do ethics play in positive economics? What role do ethics play in normative economics?

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22

ETH 557 Complete Class
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ETH 557 Accounting Ethics Version 1

It DOES NOT include

Week 3 Individual CPA Examination Review

Week 6 individual CPA Exam Preparation Questions

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