Question

What is managerial accounting? Describe the connection between planning, feedback, and controlling. What is ethical behavior? Is it possible to teach ethical behavior in a managerial accounting course? Briefly describe some of the common themes or pressures faced by executives who commit corporate fraud.

Answer 1

What is managerial accounting?

Managerial Accounting is the endowment of accounting figures for a company’s internal users

Describe the connection between planning, feedback, and controlling. What is ethical behavior?

The connection between planning, feedback and controlling is that you cannot have one deprived of the other. When the planning is done, there is response given on the plan and then once opinion is given, the strategies necessitates to be executed which effects for controlling by the management team within a company

What is ethical behavior? Is it possible to teach ethical behavior in a managerial accounting course?

Ethical behavior comprises selecting actions that are correct, suitable, and fair. Yes, it is probable to impart ethical behavior in a managerial accounting course as in order to make the right judgment for the prospect of the company, the managers making the choices also need to make the judgement with ethics as one of the significant features in their decision.

Briefly describe some of the common themes or pressures faced by executives who commit corporate fraud.

The regular themes or stresses faced by executives who obligate corporate fraud are listed as follows:

• Bonus and performance evaluation that are related with goals, impacts managers to obligate fraud.

In order to obtain resources and investments, management embark on financial statement frauds in which, financial position characterized in the reports, is superior than what it is in actuality