Question

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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

Answer:

Revenue Controls Accountant at Google

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The job is Revenue Controls Accountant, Cloud Business Finance at Google

I. Main duties

The main duty of an accountant strategist is to prepare, review, analyze, and interpret financial reports. According to Google, the following are the duties and responsibilities of an Associate Account Strategist, Google (Google Careers, 2017).

As aRevenue Controls Accountant, Cloud Business Financeat Google, one is required to ensure the accuracyof the financing for the cloud business, record journal entries, and performance to enhance account balance and reconciliations. Moreover, one should create and maintain flowcharts and matrices of the Cloud Finance. Furthermore, one should ensure scooping, timing and execution aspects of Cloud Finance so as to be compliant with global Sarbanes-Oxley (SOX) program. Finally, one should evaluate control deficiencies and identify Internal Control Over Financial Reporting (ICFR) risks and strategies on how to mitigate such risks.

II. Ethical issue to face

As an Associate Account Strategist, there are ethical issues that one must face while at work. One of them is honesty and integrity. While dealing with customers or advertisers, one can easily cheat on the quality of a product or how a product can deliver to meet customer goals. It is easy to hype a product so as to meet a specified quota by use of false and malicious advice. This is because it is easy to cook data whenever information is required just to please the management (Bhasin, 2015). Moreover, Fiolleau and Kaplan (2017) emphasizes the importance of knowing and incorporating ethical practices in the accounting profession so as to deliver a credible work.

III. Institute of Management Accountants (IMA) ethical standards and conflict resolution guide

IMA is a body that encourages organizations to adopt and employ high ethical standards in business. It focuses on four key standards; competence, confidentiality, integrity and credibility (IMA, 2017). Competence ensures that all members are knowledgeable in what they do. With appropriate knowledge, they will do it perfectly. All members should adhere to confidentiality of organizational information. It should not be shared to unauthorized people or outside people. Integrity is to ensure that they are able to work with the highest level of honesty and sincerity. Finally, they are required to be credible; they can be relied upon.

IMA's standards of ethical practice and conflict resolution guide apply well to the ethical issue at hand. And since honesty and integrity are my ethic at hand, integrity is one of the major ethical IMA standards.

IV. How to handle the ethical issue

By ensuring that every spoken and any information entered in the database is correct and consistent, I will have maintained honesty and integrity at work. Lying to customers is not ethically right. Recording wrong and incorrect data is also not right. I will also ensure that I have updated myself with the organization’s data so as to deliver and explain it in the most appropriate manner.

V. A hypothesis where no one is following IMA’s standards of ethical practice

In a situation where no one is following the IMA’ standards of ethical practice, it would be my duty to advise on its importance as a professional accountant. Ethics are crucial in any work. Failure to adhere to them will of course not produce good results in the long run even though it may appear productive at short run.

VI. Importance of following IMA’s standards of ethical practice

Adhering to IMA's standards of ethical practice is a very crucial matter. One of the historic failures of adhering to ethics in accounting is the 2001 Enron scandal which saw the company become bankrupt(Li, 2010). The integrity of records indicates whether the organization is profiting from its business or it is going to the slippery slope. If the latter is happening, necessary measures and strategies have to be enhanced so as to save the organization from collapse. This need reliable and honest records.

VII. One method of preventing or detecting unethical behavior at work

I think the best method of internal controls that could prevent unethical behavior in the future is to consider creating awareness of and advocating for the importance of ethics at work. By educating employees on the need to exercise and adopt ethical practices at work and to sensitize them the results of failure to adhere to them, will improve on the same. Moreover, giving them the real life experience of ethical failures like the Enron Scandalwill also help them visualize how indispensable it is to ensure strictness when it comes to ethical issues.

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Reference

Bhasin, M. L. (2015). Creative Accounting Practices in the Indian Corporate Sector: An Empirical Study. International Journal of Management Sciences and Business Research, vol. 4(10)

Google Careers. (2017). Revenue Controls Accountant, Cloud Business Finance.Retrieved 11 July 2017 fromhttps://careers.google.com/jobs#!t=jo&jid=/google/revenue-controls-accountant-cloud-1600-amphitheatre-pkwy-mountain-view-ca-2586090216&

Fiolleau, K. and Kaplan, S. (2017). Recognizing Ethical Issues: An Examination of Practicing Industry Accountants and Accounting Students. Journal of Business Ethics, vol. 142 (2), 259-276

IMA. (2017). IMA Committee on Ethics. Ethics Center. Retrieved 11 July 2017 from https://www.imanet.org/career-resources/ethics-center?ssopc=1

Li, Y. (2010). The case analysis of the scandal of Enron. Logan city, USA: International Journal of Business and Management.

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Really hope this helps! Thankyou!

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