If you are the accountant of a business, is receiving snacks from clients or from other departments considered ethical or unethical?
Q: What are the ethical values that are needed in an accountant as well as in an auditor
A: Accounting ethics is a significant subject because, as accountants, we are the key personnel who…
Q: What should you consider when looking for a financial planner? finding one who consistently loses…
A: A financial planner is one who helps others in managing their finances and helps them in achieving…
Q: How do business transactions affect the financial statements?
A: Business transactions refer to any activity that involves the exchange of goods or services for…
Q: Describe a situation in which something was purchased where a cost-benefit analysis showed it to…
A: A decision-making technique called cost-benefit analysis enables one to weigh the expenses and…
Q: While performing a procedure, a surgeon accidentally cuts a patient's nerve causing permanent…
A: The objective of the question is to identify the steps that a hospital should take during the hiring…
Q: You buy a new pair of shoes on sale. The printed receipt states very clearly that the shoes are not…
A: Customer service refers to the strategy and process through which organizations try to drift…
Q: The CEO of a fictional pharmaceutical marketing company in India has positioned the company as the…
A: Ethical decision-making relates to the system of assessing & choosing between options in a way…
Q: Within the context of strong corporate governance, what is the board's role in dealing with the…
A: Corporate governance specifies a system or procedure that assists in guiding and controlling…
Q: You are required to select a well-established financial institution with a regional or international…
A: This report evaluates the risk management and compliance operations of XYZ Financial Institution, an…
Q: You know that you will be returning to college in the fall. Is it ethical for you to apply for the…
A: ANSWER IS AS BELOW:
Q: A social network usually acts as a support system for its members. It helps members maintain good…
A: The question has been answered generally. A social support system is a group of friends, family…
Q: Indicate whether the statement is true or false, and justify your answer.Uncompensated care in the…
A: The given statement is false. Uncompensated cost is said to be the hospital cost that are not…
Q: Discuss and explain the expectations gap. In your answer include how it relates to both the finance…
A: The expectations gap refers to the difference between what the public or stakeholders expect from…
Q: What do auditors do if they find that applicable accounting principles are not being met when…
A: Any organisation, as we all know, requires certain standards and procedures to be followed.…
Q: Why is it so important to compare a firm's financial statements with those of previous years, those…
A: Business organizations need to measure the performance and success of the business to know its…
Q: Evaluate the culture of Accounting Student Associations by answering the following; How would you…
A: Accounting Student Association is an association for students that helps in exploring the accounting…
Q: what are the consequences of auditing fraud?
A: Fraud in audits occurs when it is discovered that a company has improperly altered financial…
Q: Discuss any three ethical values that are required in an accountant as well as in an auditor.
A: Ethical values can be explained as values that help an individual or an organization in functioning…
Q: What is the primary goal of financial management?
A: The Correct Option is (D) Increased Shareholder Value.This is the primary goal of financial…
Q: Why is it important for brokerages to use the REDX service as part of their background checking…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: You are a security professional that does consulting work for small-sized and medium-sized…
A: As a security professional it is essential to evaluate the business and know all the information…
Q: What is the role of accountants in an office environment?
A: Accountants:Accountant is the person who is practicing accountancy. Accountancy is the method that…
Q: What is an employee’s federal Social Security account?
A: Social security can be described as a program run by the federal government by utilizing the amount…
Q: 1.How might you prevent or reduce the probability of being victimized by perpetrators of healthcare…
A: Hello thank you for the question. As per guidelines, we would provide only one answer at a time.…
Q: Prior to the COVID-19 epidemic, if you were applying for a job and you had a gap in your employment…
A: The period during which an individual or job seekers are unemployed is known as the employment gap.…
Q: b. If the salesman is fired or resigns, who ethically owns the intellectual property rights of a…
A: Business ethics refers to the adoption of correct firm policies and practices when it comes to…
Q: How does the Code of Ethics help the professional accountants and professional information system…
A: A Code of ethics is a set of principles that was followed by all the members of the organization to…
Q: Which of the following are the Federal Advisory Council responsible for? Check all that apply.…
A: The Federal Reserve System, often referred to simply as the "Fed," is a central pillar of the United…
Q: You are a service provider who can influence a consumer. Will you or will you not? If you will, how?…
A: Introduction Influencer play a major role in taking buying decision. Out of many influencers one of…
Q: 6. One means by which consumers can protect themselves from fraud is by paying close attention to:
A: Note: As this question consists of multiple questions, therefore only the first question is…
Q: What are three components that an audit policy should include?
A: Audit Audit reports measure the effectiveness and completeness of the company's compliance…
Q: Why is profit a requirement for business
A: Profits are the prime objective for whom the business is actually set up in the long run. The main…
Q: Discuss the benefits and drawbacks of including administrators and staff in an organization's…
A: Audit procedures are used by the auditors to determine the quality of the financial information…
Q: Write in details about promissory notes. What are the essential elements of it ? Write with…
A: A written promise or a kind of assurance from one person to another person to pay some specific…
Q: Should a policy for students be the same, more restrictive, or less restrictive than the one for…
A: There are various organizations and industries that are active these days. There are different…
Q: You an employee in the public sector. You are faced with the ethical challenge of accepting a bribe…
A: Working in the public sector often involves handling sensitive and confidential information. When…
Q: Discuss any differences between the budgeting process of a company and budgeting process of a…
A: A budget is a projection of revenue and expenses for a given period of time. Corporations,…
Q: What is Management Reporting? Explain its purpose.
A: Management reporting itself defines as the systematic procedure of presenting any information or…
Q: Promoting unemployment is an example of ethical contribution of business to society Select one: O a.…
A: Promoting unemployment is an example of ethical contribution of business to society :
Q: You are a young, recently graduated attorney working part-time as part of the re-election campaign…
A: As a young attorney working on a political campaign,the advise is against using John Doe lawsuits as…
Q: Critically evaluate how the breach of ethics by auditors could contribute to expand the audit…
A: The audit expectation gap refers to the difference between what the public and other stakeholders…
Q: 2. What fundamental ethical principles for accountants are most applicable and is there an apparent…
A: Fundamental ethics principles are those moral principles as well as standards which are set through…
Q: could you make one essay question and that has high difficulty level about " Goals of Taxation Of…
A: Taxation is a fundamental aspect of tax law within a business context, serving multiple goals and…
Step by step
Solved in 2 steps
- When I measure my wealth, I measure how much money I spent last month. True or falseRead each statement below and indicate whether it is a good or bad reason for using debt. Statement You have unused credit available on your credit card. Debt provides the means to make guaranteed reservations. Paying costly interest charges results in a reduction in disposable income. Debt provides protection against rip-offs and fraud. Debt provides financial flexibility in the case of emergencies. Bad reason Good reasonYou are in charge of awarding all computer hardware service contracts (valued at over $2 million per year) for your employer. In recent emails with the company's current service contractor, you casually mentioned that you were looking to buy a new car and that you really liked the Audi automobile, but it was very expensive. You are surprised when the contractor texts you the name of the sales manager at a local Audi dealer and suggests you give him a call. The contractor says the owner of the dealership is a good friend and he will be able to give you a great deal on a new Audi. If your manager saw a copy of the texts exchanged with the contractor, could it appear that you were soliciting a bribe? Could this offer be considered a bribe? What would you do?
- Why is an auditor’s independence so essential?The definition of Finance department is "Finance department deals with the strategic financial issues associated with increasing the value of the business, while observing applicable laws and social responsibilities." Please explain why the Finance department has anything to do with social responsibilities.Indicate whether the statement is true or false, and justify your answer.In 2010, there were nearly 40 million people in the US who went without health insurance for the entire year.
- What is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.The auditor assesses the identified fraud risks after taking into account an evaluation of the client’s programs and controls. How might the auditor respond to the results of the assessment of higher fraud risk?Relating Managerial Accounting Functions to Various Business Majors Sales Human Resources Logistics Planning What are our expected sales for each product in each geographic region?How much should be budgeted for salaries and commissions for our salespeople? How much should we budget for salary and wage increases for the year?How much should we plan to spend on safety and training for the year? Should we invest in radio-frequency identification (RFID) processors to enable computer tracking of inventory?How much raw material should be ordered and delivered to ensure timely delivery of our finished products to our customers? Controlling Are we meeting expected sales growth in each region?Are each of the salespeople meeting their sales projections? Is our projected budget for wages and salaries sufficient?Are we meeting our safety and training goals? Are our products being delivered to our customers in a timely manner, and at what cost?Are we dealing with stock-outs in…
- If you are conducting research on the way in which executive directors manage their businesses, which data collection method would be the most informative and in-depthAssume you are the chief executive officer (CEO) of a large technology-intensive hospital in a community of 200,000 people that includes two other smaller community hospitals and a wide range of physicians and other providers working in private practice. Currently, you are paid by Medicare—the federal insurance program for the elderly—for a fixed amount for every admission to your hospital and based on the severity of the patient’s needs. Physicians and other providers in your community are paid fee-for-service. The federal government has just made an offer to your community that it form an accountable care organization (ACO) that could accept a capitated annual payment for each person eligible for Medicare. How would you go about deciding whether to accept that offer? Would you want to lead that ACO or just be a part of it? Why? Would you argue against accepting the federal offer? Why or why not? How might you change the way care currently is organized in your community, given the…Describe a company's fraud prevention programme and identify any improvements that might be necessary to prevent embezzlement fraud or at least discover it sooner.
