Question

Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Format your assignment to APA standards.

Submit your assignment to the Assignment Files tab as a Microsoft® Word document.

Identify a specific job within a specific company that you might be interested in applying for after you graduate from the University of Phoenix.

Research the job and the field in general, as well as ethical issues managerial accountants have faced that would pertain to that field. Also, educate yourself on the basics of operations within the job and company you have selected.

Write a 700- to 1,050-word paper to include the following:

• Summarize the main duties of the job.
• Describe a specific ethical issue you might face in that position using 2 credible sources to support your description.
• Summarize the IMA's standards of ethical practice and conflict resolution guide.
• Analyze how the IMA's standards of ethical practice and conflict resolution guide applies to the ethical issue.
• Predict how you would handle the ethical issue.
• Hypothesize what would happen if no one in the company followed the IMA's standards of ethical practice.
• Assess why it is important to follow the IMA's standards of ethical practice.
• Design or name any methods of internal controls you think could prevent or detect the unethical behavior in the future.

Answer 1

Ethical employees may make poor ethical decisions when they are overconfident, do not understand the complexity of the issues, and when corporate governance structures are weak or non-existent. While it’s important to be confident in business, don’t let overconfidence lead to illogical rationalizations or overlook the complexity of problems or issues. Because weak or non-existent governance structures can lead to poor ethical decision-making, ensure proper business controls and oversight at all time. Just look at what happened to Enron – their lack of corporate controls and oversight led to questionable business transactions, leading to the eventual downfall of the company. One of the most important steps to leading ethically is to act ethical. Working for a boss who behaves unethically engenders little to no respect from the manager’s direct reports. Poor decision making can be costly and unethical decisions can impact employees, companies, and shareholders. These negative impacts can be witnessed in the resignations of c-level employees and even the demise of companies; and, one of the hardest things to do is re-build trust once it has crumbled.