Dc 6

Please describe a time when you were faced with a personal dilemma regarding whether to blow the whistle on a wrongdoing. Some examples of a wrongdoing are witnessing cheating on an exam, witnessing someone trying to steal, noticing someone trying to take advantage of another, and completing a project at work without recording time spent in order to meet time constraints. Who were the stakeholders in the situation and how were they impacted by the wrongdoing? How did rationalization encourage the wrongdoer to follow through with their wrongdoing? What did you do and why?

Mr X, head of the accounting department, conducted a meeting with a system professional, Miss Tiffany, to develop a new accounting information system. During this meeting, Miss Tiffany suggested that the best way to start is first to examine the old system, such as reviewing key documents and observing the workers perform their tasks. Then, it can be determined which aspects are working well and which should be preserved. Mr X disagrees with this suggestion. He argues that they have been through these types of projects before and what always ends up happening is that they do not get the new system they are promised; instead they get a modified version of the old system. Miss Tiffany assures him that it will not happen this time. Tiffany is of the view that she just wants a thorough understanding of what is working well and what is not. However, Mr X does not agree with this opinion. His stance is as follows: “I would feel more comfortable if we first started with a list of our…

The head of the accounting department is not satisfied with the implementation of the new system. He believes that the new system will result in job losses for many of the bookkeepers. They are threatening industrial action. In your role as project sponsor, what should you do to resolve the situation?

ANSWER THE FOLLOWING:

Q1. Sheila is a managerial accountant who has discovered that her company is violating environmental regulations of a third world country in its production of rubber at a plant in that country. Upper management is unaware of the violation, but her immediate superior is involved. Sheila has discussed this issue with her supervisor, and the supervisor has advised her to remain quiet about the matter. Sheila reasons that she should do nothing because her supervisor is her immediate authority and has more information. Is Sheila correct in her reasoning? A. Yes B. No

Analyze the relationship among risk, opportunity and controls: Craig learns that one of the employees has been doing snow plowing jobs on the side with the company equipment.  Discuss both the financial and legal impacts for the company.  What are the financial and legal risks to the company? Also, discuss at least two (internal) controls could be put in place to detect/deter this activity.

Uninsured motorists face the burden of paying for accidents themselves if involved in an accident. They also impose costs on others if they are unable to bear the cost of the damages to third parties. In this case, a.the government could not improve upon this outcome. b.the government could improve the market outcome by requiring everyone carry auto insurance. c.the government could improve this outcome by requiring insurance d.companies to lower premiums for all drivers.

None

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

How specifically do you contribute to or impact the financial health of your organization? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

If you believe that someone is careless and irresponsible at work just because he is young. In this case you are applying______. Choose correct answer a. Confidence b. Prejudice c. Experience d. Accuracy

Provide best Answer As per posible fast

1.  Do you think that financial managers should be held to a higher standard of ethical behavior?  2. In the video on ethics and my article from the Conway Daily Sun, there were several examples of unethical behavior, Please discuss a real life example of unethical behavior either from your personal experience or from the news.  What do you think can be done to change the unethical behavior, or do you think it can't be stopped?

Shining Glass is switching to a new accounting information system.  To expedite the implementation, the managing director asked your consulting team to postpone establishing standards and controls until after the system is fully operational.  What will be your response to the managing director’s request? Explain.

As the client support supervisor for FarFar construction, you noticed that some site workers are clocking on for friends who are not present. Discuss controls you could implement to address this concern.

A distressed student is suing his college, claiming that his accounting instructor is a sorceress of evil trickery. The school's legal advisors cannot reasonably estimate the amount the school may have to pay in damages for the student's extreme pain and suffering. The advisors do believe there is a high probability the college will lose the case and need to pay damages to the traumatized student. This represents a: a.necessary part of taking any college-level accounting class. b. known liability that should be ignored. c. contingent liability that should be journalized. d. contingent liability that should be disclosed in the financial statement notes.

As an accountant at a company that has a business in a disastrous weather area, how should I account for a probable loss from a future disaster as a liability? Are there any possible ethical violations to avoid?