ETH 557 Complete Course Material
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ETH557 Individual Ethics Case Study
Write a 350- to 700-word paper explaining
the following:
Given the current pressures on
China, Jamaica, and America expressed in the article, how would ethics play a
role in decision making for financial, environmental, and cultural issues?
How are the concepts of positive and
normative economics
reflected in this context?
How do market efficiency,
economizing, and the market system affect these ethical issues?
ETH 557 Week 2 Individual Assignment
Research the elasticity of beef and
eggs in regards to price changes. How do supply, demand, and price controls
interact to affect equilibrium price of eggs? Why do customers have a more
elastic buying response to beef than to eggs?
What would be the consumer buying
response to Coca-Cola® if the price of Pepsi® doubled? If the prices of
Coca-Cola® and Pepsi® remained constant, what would be the consumer’s typical
buying response to these products if their income was reduced by 30%? Suppose
all carbonated beverages tripled in price. How would the concepts of utility,
income, and substitution predict consumer behavior based on the rise in the
cost of carbonated beverages?
ETH 557 Week 3 Learning Team Ethical
Challenges and Agency Issues
Adverse financial situations
occurring throughout the 20th century led to government legislative
interventions regarding corporate financial accounting on several occasions.
Resource:Cost Management
Read the following case studies from
the text:
“Timely Reporting of Budget Problems
Case Study” on pp. 388 & 389 (Ch. 10). “Level of Executive Pay Case Study”
on pp. 605-607 (Ch. 15).
Write a 700- to 1,400-word paper,
350 to 700 words for each team member, analyzing the ethical challenges as well
as any agency issues. In the same paper, explain how the 1933, 1934, and SOX
Acts were reactions to financial crises arising from similar challenges.
ETH 557 Week 4 Individual Ethics of
Penn Square Bank and the Dow Corning Bankruptcy
Resources: This week’s Electronic
Reserve Readings
Conduct additional research, and then answer each question in two 350- to 700-word responses:
Conduct additional research, and then answer each question in two 350- to 700-word responses:
• Penn Square Bank: What were the
ethical pressures on the firm concerning documentation, credit extension, and
revenue recognition that lead to the final collapse? What should have been done
to reduce or offset these pressures?
• Dow Corning Bankruptcy: What were
the business’ ethical challenges involved in filing bankruptcy for Dow Corning?
Analyze the actions of the two parent companies, Dow and Corning, that
represent the largest ethical issues.
ETH 557 Week 5 Learning Team
Internal Policies
Your firm must establish internal
policies regarding the creation of business contracts as well as electronic
communications (e-mail) including document retention.
Draft the internal policies as a
team. The policies should be clear and include a set of procedures.
ETH 557 Week 6 Individual Economic
and Ethical Issues of Pricing
As a CPA you are in charge of a
small tax advisory firm providing services to individual taxpayers, a
substantial group of whom is high-wealth. Your firm is experiencing new
pressures from the changing marketplace. New, non-CPA market competitors and
competition from do-it-yourself tax-preparation software packages have had a
negative effect on your bottom line. Because of these pressures, you are
looking at ways to reduce costs. To expand your business and continue
successfully you must consider employing non-CPAs.
Write a 700- to 1,050-word paper
explaining economic issues that bring concern to pricing your services and
products. What ethical challenges will you face in hiring non-CPAs? What
standards apply?
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