Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public. What sort of situations can lead to this behavior? What are the costs of fraudulent behavior?
Read ATC 9-3 in Chapter 9 and post your analysis of Whirlpool’s acquisition of Maytag. Respond to at least two other students with critiques and challenges to their assertions by the end of Day 7.
In recent months there have been many news stories in the press about executive compensation with stock options. This type of compensation occurs when an executive is granted the “option” to purchase the company’s stock at a certain price sometime in the future. The theory is if the executive is effective his management skills will lead to a higher stock price.
Read ATC 7-5 in Chapter 7. This situation is very similar to what a company called Enron did several years ago. Use the internet or the university library to research exactly what Enron did in their accounting procedures and what eventually happened to the company.
ACC 201 Week 2 Assignment FASB Paper Go to the website of the Financial Accounting Standards Board, www.fasb.org. Write a paper, in at least 400 words, that describes the mission of FASB, how it is organized, how it functions, and who grants the authority of FASB to issue accounting standards. Also, research the most recent accounting issues that FASB is taking into consideration.
Read ATC 8-4 in Chapter 8 and write a memo describing the advantages and disadvantages of organizational forms. You may research other sources regarding accounting internal controls. The paper should be at least 400 words and should include your personal observations and conclusions.
Read ATC 6-5 of Chapter 6 and answer part a. Additionally, given what you have learned about financial accounting so far, think of as many ways that you could “adjust” the financial records to make your company look better yet still follow GAAP and ethical guidelines. (Hint: think of the choices that can be used in the various accounting methods you have learned: i.e., inventory valuation methods.)
ACC 201 Week 1 Chapter 1 and 2 Practice Exercises Complete the following practice exercises from Chapter 1 and 2 and submit them to your instructor. This assignment will be graded as a completion only to allow you to transition into the subject matter during the first week. The instructor will post the answers to these exercises by the end of Day 6 for you to check your accuracy and comprehension on the subject matter. Exercises: 1-2, 1-4, 1-9, 1-12, 1-18, 2-1, 2-3, 2-19, 2-22, 2-25.
Title: Slide 1 Author: Tim Lindquist Last modified by: College of Business Created Date: 11/15/2002 4:11:58 PM Document presentation format: On-screen Show
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