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Ethical challenges in the field of accounting
Violations of codes of ethics
Ethical challenges in the field of accounting
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ABC offers separately priced extended warranties for appliances sold that are non-refundable and have no limits to the potential cost of honoring the warranty. Although ABC does track warranty profits and losses by appliance type, assume that no analysis has been performed to determine the rates at which cost are incurred throughout the warranty period. Assuming that manufacturer warranties provide coverage for the appliance for 1 year from the date of purchase, when should revenues and expenses of such warranties be recognized? FASB Accounting Standards Codification (ASC) topic 605-20-25-3 (Revenue Recognition) states that in regard to extended warranties “revenue shall be recognized in income over the period in which the seller is obligated
One of the violation that was clearly violated was Authority. Kerrie was given the assignment of reducing her operating costs by 15 percent. Most of the team was upset about the cost reduction goal especially since the year is almost over. They also didn’t know whether they could come together and make a decision as a team to reach the goal. Some of the members felt that they could go against whatever Kerrie’s decision was but wasn’t sure on how she would react.
To: New members of the Speech-Language Pathologist Team From: Jensen Nguyen Subject: ASHA Code of Ethics – Discussion on Boundary Crossings and Violations Date: February 1st, 2018 The purpose of this memo is to present my reflection on the extent to which caring might breach the professional boundary between the patient and the practitioner, thus causing potential harm to all parties and violating the integrity of the profession. We want to welcome all new members and remind you to familiarize yourself with the ASHA Code of Ethics, 2016. I encourage you to seek assistance and counsel from your supervisors if needed. Summary: One of the ethical principles a healthcare provider must consider in his/her decision-making is care.
Tracy, Your thread was truly insightful. Before counseling anyone of a different ethnic background it is crucial for counselors to have a clear understanding on another person’s culture, values, and religion. In order to effectively counsel of those of different cultures, it is important for counselors to take a class, or at least read up on multicultural counseling. Even though the counselor was a Christian, they should have reviewed the AACC code of ethics. This code is especially helpful for those who are Christian counselors.
Code of Ethics in Ayla Company Ayla Company is established to help independent designers in solving problems that relates to the manufacturing and production processes of good clothing. For the purposes of this paper, 10 elements of code of ethics will be discussed. These ethics are vital for the company because it creates an environment where moral behavior is promoted so that positive relationships are created and the company's reputation is enhanced. The 10 Elements
Counseling those of different ethnic backgrounds can prove to be a challenge. As a result, it is important for counselors to educate themselves on the culture and values of their clients. Counselors must clearly set forth what will be discussed in counseling and gain client consent. They also need to discuss confidentiality and whether or not they would like religion to play a role in their treatment. Based on how the counselor went about counseling the Korean family, there have been a couple violations of specific ethical standards.
“Ethics is the critical, structured examination of how individuals and institutions should behave when their actions affect others (Chris MacDonald)”. The scenario suggests that Brady, a prospective landlord is giving a bribe to Zarley. Zarley represents the bank and its values, therefore his actions should present the image of his company. Bribery is clearly an unethical and illegal act that was possessed by Brady. Zarley made the right decision by returning the money and iPads to Brady.
There are standard types of ethics violation which every worker need to know during his operations in the business or an
Planning is transforming socially, but to achieve change it has to bring together, politicians, planners, and residents (Sandercock, 2004). Citizen’s opinions and rights should be taken into consideration. It is the number one rule in the planning process for participants. It says, “recognize the rights of citizens to participate in planning decisions” (Ethical, n.d.). Cities cannot progress unless they change their ways of doing things.
Lack of fair rules and work policies/ unfair dismissal Non-existent performance improvement plan employees. Termination based subjective supervisor reasons Poor communication policies to the employees. Ten female and just two male Discuss in detail
The Fact In the case, a 22-year-old woman was born in a small town and has mental disability “Down syndrome” and repeated pneumonia. However, her father left the family, which consists of Ms. T, her mother and younger sister when she was in age of 6. She could do her simple duties and enjoy watching TV. 22 year later, she was having serious pneumonia that causes kidney failure and liver damage. Thus, she was in need of dialysis that would help to live for 10-20 years or she would probably die within a few weeks due to not performing dialysis.
(Johnson , 2014 ) In this case , it shows that under normal circumstances the management level of a company or corporation will choose to hide the truth over honesty and integrity .In other way , profitability has override the important of ethics in the corporation .
Ponemon, L. (1993). Can ethics be taught in accounting? Journal of Accounting Education, 11, pp. 185-209.
Professional accountants are required to comply with the fundamental principles of APES 110 code and apply a “conceptual framework approach” to determine their compliance with the fundamental principles whenever they know that circumstance or relationships may compromise their compliance. While the onus is on the professional accountant to do this, the bulk of APES 110 code of ethics describes how the conceptual framework applies in specific situations, for example when receiving gifts or other inducements form a superior may threaten corporate accountants objectivity. Like the FIA code, the APES 110 provides guidance for the more common but certainly not all practice situations. in all the other instance, once a threat is identified, the APES 110 requires a professional accountant to evaluate the significance of the threat and if the treat is insignificant, no further evaluation is required, or if the threat is significant than consider whether safeguards could eliminate or sufficiently reduce the threat to an acceptable level. Despite the principles vs. rule argument, the APES code of ethics does contain de facto rules, in several instance the code states that the threat are so significant that no safeguards can be applied to reduce or eliminate treats to an acceptable level for example, an audit team member could not own
Introduction The key ethical issues that were presented in this case study were quality control, lack of customer care, responsiveness, and harming the customer. The Johnson and Johnson case may have been seen as a turning point due to many things the company did right. However, there were many ethical issues in this case which will be explored more throughout this paper.
