In this mini case Mike Stephan is dealing with a very difficult situation because he is new to the accounting firm and wants to impress the superior accountants on his engagement team. While auditing for EarthWear‚ he makes a little mistake by spending too many hours looking at the wrong bank statements when he is not supposed to go over a total of 6 hours. Pressured by the senior on the audit‚ he is caught between lying about his hours or telling the truth and going over budget on the audit‚ potentially
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Ethics Game Simulation HCS 478 Ethics Game Simulation In simulation game‚ two dilemmas were presented. The first case is happened to a 16-year-old mother‚ RB. She is in her tenth hour of labor. Her parents are at bedside with her. Because of religious belief‚ they have chosen to limit the amount of medication and other medical assistance. Due to the length of her labor‚ her unborn child’s situation is getting worse. RB has not received any medication so far. Because of her fear and distress‚ fetal
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Seeing the dilemmas * Should the manager look after the benefits of the owner or should he do what he thinks is right? * The amount of quotas being asked by the owner is it really a necessity or is he asking for too much? * Should the manager support the owner’s decision being profit driven? * Should the manager consider what the mechanics are mentoring him or they are also being greedy too? * Should the manager look after the interest of his customers or the mechanics
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Executive Summary Roger’s dilemma BACKGROUND Roger McDaniels joined Solodor Pharmaceuticals (SP) as the Chief Financial Officer (CFO). The company has developed a new drug called Celenza to fight severe leukemia. If Celenza was a success‚ Roger would not only be handsomely rewarded‚ as his compensation package provided him with numerous stock options‚ but he would also be proud to be part in such medical achievement. Upon starting his job‚ Roger quickly realized that‚ due to severe cash flow
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Deontological Ethics: The theory of Deontology was created by a great philosopher by the name of Immanuel Kant. Kant believes human inclinations‚ emotions and consequences should play no role in moral action; therefore‚ the motivation behind an action must be based on obligation and well thought out before the action takes place. Kant also believed that morality should‚ in theory‚ provide people with a framework of rational rules that guide and prevent certain actions and are independent of personal
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Accountant Essay In today’s society every business needs to assess and analyze their net income and budget in order to be successful. For this specific purpose‚ there are accountants. There are 3 types of accountants‚ CMA(Certified Management Accountants)‚ CGA(Certified General Accountant) and CA(Chartered Accountants). All 3 of them have a specific job. A CMA accountant usually works directly for a company. At this position the person’s duty is to record and report different expenses in order
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Career: Accountant/Auditor A Day in the life of a Accountant/Auditor Accountants keep track of payments‚ financial positions‚ and transfers of capital or income for individual or institutional clients. Some are responsible for examining the tax implications of those actions. Accountants must be comfortable with numbers‚ but must also spend a considerable amount of time reviewing other people’s work and‚ in particular‚ delivering bad news. As a “financial physician” (a term that cropped up more
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Chartered Accountants were the first accountants to form a professional body‚ initially established in Britain in 1854. The Edinburgh Society of Accountants (formed 1854)‚ the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception.[1] The title is an internationally recognised professional designation. Chartered Accountants work in all fields of business and finance‚ including audit‚ taxation
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yourself for this career. The basic overview of this job is how businesses keep control of their incomes and assets over periods of time. Accountants interact in variations of activities besides recording transaction for business and readying financial statements which include computing costs and the efficient gains from new technologies that businesses use. Accountants participate in game plans for consolidations and acquisitions‚ quality management‚ creating and using information to track financial
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As an Assistant accountant in the Organisation the value I have added is to a greater extent in my first 3 weeks of placement. When doing the General administration things such as filling‚ customer service and customer handling I have been able to reduce the workload from my senior accountant. He is able to use this time for the completion of some other task instead. I have been managing the internal needs of the company‚ which has resulted in a smoother operation of the organisation as a whole
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