For this discussion:
Read the American Institute of Certified Public Accountants
(AICPA) Code of Professional Conduct.
Read and assess the current Institute of Management Accountants
(IMA) Statement of Ethical Professional Practice, which promotes
ethical behavior and provides guidance for the dilemmas managerial
accountants are confronted with today.
For the first part of this week’s discussion:
Compare the IMA Statement of Ethical Professional Practice to
the AICPA Code of Professional Conduct and assess the effectiveness
of the two codes.
For the...
1. Please discuss the American Institute of Certified Public
Accountants (AICPA) and their Code of Professional Conduct as it
relates to ethics in accounting.
2. Please describe the six stages of moral development developed
by Lawrence Kohlbert and relate them to ethics in accounting.
3. Please describe and critique the core philosophy of
consequentialism and deontology and relate them to ethics in
accounting.
4. Please discuss the core elements of the distributive justice
philosophies developed by Aristotle and Rawls and...
Read the Code of Professional Conduct [PDF] from the American
Institute of Certified Public Accountants (AICPA) website. Review
the code's key requirements.
From the reading, determine at least two AICPA professional
conduct principles most likely to be violated. Provide your
supporting rationale.
You are working in a senior center. The primary population
served in this center are those who have suffered a stroke in the
past and required some sort of rehabilitation during recovery. The
clients may or may not still have some sort of neurological
deficits (think eating, fine motor skills or
mobility). You have determined that this ADA risk
test would be useful to use in your clinic. You will need to
develop educational materials to be included in this risk...
What is the primary goal of the second step of the market
positioning process?
Multiple Choice
A firm evaluates consumer feedback related to products and
services.
A firm considers how consumers’ needs, wants, and tastes have
changed and how it will impact its positioning strategy.
A firm develops a perceptual map to better understand
competitors’ positions in the marketplace.
A firm conducts a competitive analysis to better understand its
position in the marketplace.
A firm identifies the positioning strategies that...
Multiple Choice:
The idea of “Free from bias” represents the primary quality of
:
a.
Relevance
b. Verifiability.
c. Faithful representation
d. Neutrality.
2. According to the FASB conceptual framework, which of the
following attributes would not be used to measure inventory?
a. Replacement cost.
b. Net realizable value.
c. Historical cost.
d. Present value of future cash flows.
In general, completed earnings process under revenue
realization refers to “ownership is transferred” and :
a. “production
is completed”.
b. “a...
What are the primary challenges for interoperability?
Discuss an organization that is working to promote interoperability
within the clinical environment. Describe one of their initiatives,
its benefits and challenge, and its impact on the delivery of
care.
Managerial accountants usually do which of the following?
Multiple Choice
audit financial statements
prepare and audit tax returns
prepare internal reports for management
investigate companies for possible violations of law
2. Skimming is:
MULTIPLE CHOICE
a. The theft of cash from a victim organization
prior to its entry in the organization=s accounting system.
b. The theft of cash from a victim organization
after its entry in the organization=s accounting system.
c. The theft of cash from a victim organization
prior to or after its entry in the organization=s accounting
system
4. In regard to the cash proof which of the
following is false?
MULTIPLE CHOICE
a. The proof of cash...
Stuck on the following questions. Multiple choice. One answer
for each.
1. The primary goal of a publicly-owned firm interested
in serving its stockholders should be to:
-Minimize the chances of losses
-Maximize share price
-Minimize expected EPS
-Minimize shareholder wealth
-Maximize expected total corporate profit
2. Which one of the following is an agency
cost?
-Cost of dividend payments to stockholders
-Cost of interest payments to bondholders
-Cost of an internal audit required by bondholders
-Cost of wages for...