ACC 557 Assignment 1 Review of Business Ethics Week 3
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Strayer ACC 557 Assignment
1: Review of Accounting Ethics
Due
Week 3 and worth 200 points
Many
organizations have been in the news over the past few years due to accounting
ethical breaches that have affected their customers, employees, or the general
public. Search the Internet or the Strayer Library to locate a story in the
news that depicts an accounting ethical breach. You may select from any type of
organization about which you have information or a curiosity. Do not use
Enron.
Write
a four to five (4-5) page paper in which you:
1.
Given
the corporate ethical breaches in recent times, assess whether or not you
believe that the current business and regulatory environment is more conducive
to ethical behavior. Provide support for your answer.
2.
Based
on your research, describe the organization, the accounting ethical breach and
the impact to the organization related to ethical breach.
3.
Determine
how the organizational ethical issue was detected and how management failed to
create an ethical environment.
4.
Analyze
the accounts impacted and / or accounting guidelines violated and the resulting
impact to the business operation.
5.
As
a CFO, recommend which measures could have been taken to prevent this ethical
breach and how each measure should be implemented in the future.
6.
Use
at least four (4) quality academic resources in this assignment. Note:
Wikipedia or any
Pedia sites, e-how, About, ASK, and other similar Websites do not quality as
academic resources.
7.
Your
assignment must follow these formatting requirements:
·
Be
typed, double spaced, using Times New Roman font (size 12), with one-inch
margins on all sides; citations and references must follow APA or
school-specific format. Check with your professor for any additional
instructions.
·
Include
a cover page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length. Do not
include running head. Include a right margin header for page number. Title page
should be 1 (do not include the word page).
The
specific course learning outcomes associated with this assignment are:
·
Examine
accounting principles and concepts used in businesses.
·
Prepare
and record financial transactions in the accounting cycle according to GAAP and
IFRS accounting methodology.
·
Use
technology and information resources to research issues in financial
accounting.
·
Write
clearly and concisely about financial accounting using proper writing
mechanics.
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