Purpose and Background The accounting profession seems to be ever changing and is currently facing many challenges. It is a well-known truth that the world we live in is changing at a great speed. The accounting profession does not make an exception and it can be said that it is constantly changing‚ reorganizing and standing in front of many challenges of the modern world. Nowadays‚ accounting standards are undergoing the most significant reorganization in nearly a century with the Financial Accounting
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Example of course discussion: By 2010‚ foreign companies will be able to file on U.S. Stock Exchanges using IFRS standards. With that in mind‚ what are some of the challenges facing the accounting profession‚ and how do you see them affecting you in the future? Provide specific details to support your opinion in your response. Answer: The accounting field has standards in place that are used to report financial information of companies so that one can get a clear understanding
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ETHICAL DILEMNA’S IN THE PRIVATE SECURITY SECTOR I’ve been in the Private Security sector going on twenty three years and have held numerous positions throughout the organizations I’ve worked for. The two ethical instances that come immediately to the front of my mind have to deal with moral integrity. The first instance deals with leadership and “Doing the right thing” (Ethical Leadership) and the second one is “Don’t judge a book by its cover.” This first instance I know intimately because
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Ethical Dilemma International OB: Managing across Cultures. 3M tries to make a difference Russia Should 3M export its American ethical standards to Russia? 1. If 3M doesn’t like the way things are done in Russia‚ it shouldn’t do business there. Explain your rationale. I do not agree with this statement. From my marketing perspective‚ it is a challenge of 3M in order to go worldwide‚ and this is a challenge they should take. Russia is booming in oil and gas‚ mining‚ construction‚ IT‚ retail
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Jesslyn Lay OPER360 04/03/2013 Ethical Dilemma 1 In the case of this first dilemma‚ my suggestion would be to stay with the original supplier instead of switching to China-made shoes. Although cost effective‚ as a widely-regarded socially responsible company‚ we should keep in mind that the switching is risky and may cause a potential damage to the company’s reputation. I believe the company will save so much if we decide to do the switching especially with the projected sales for the following
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An Ethical Dilemma? These Friday nights out ‚drinking with your friends had become an institution since you started working with PharmChemCo(PCC)‚ one of the biggest pharmaceutical and chemical companies in the world five years ago. And‚ it had been five great years. Not only had it brought you career success and a very healthy bank balance‚ but it had also made you a successful player in the stock market. Since you were promoted to regional marketing director for the North East‚ PCC had started
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Assignment 1 Personal Ethical Dilemma Part A – The central issue to the dilemma is Theft: At one of my previous jobs my employer asked me if I knew anyone with experience for an open position at work. I recommended a friend that I had worked with before in a previous company. He got the job and was great at. After months of working hard‚ my friend asked my employer for a raise he felt he deserved. When my employer refused‚ he decided to begin stealing stock as another form of compensation. When
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ETHICAL DILEMMA LYING IN BUISNESS Q. In a business context‚ is it ever okay to lie? If yes‚ what are those situations? Why is it okay to lie in these situations? There are times when individuals in business do lie‚ but‚ honesty is the best policy with business dealings and by doing so in most cases an amicable agreement can come about. Doing business is about both parties getting something out of the business deal. Lying will only cause problems eventually and if the business person gets away
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Examples of Ethical Dilemmas Accounting: Your supervisor enters your office and asks you for a check for $150.00 for expenses he tells you he incurred entertaining a client last night. He submits receipts from a restaurant and lounge. At lunch your supervisor’s girlfriend stops by to pick him up for lunch and you overhear her telling the receptionist what a great time she had at dinner and dancing with your supervisor the night before. What do you do? Bank Teller: You have worked as a bank teller
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Shayla Terrance Ethical Dilemma A.) Problem: You’re a fairly new staff member working in a Special Education‚ Special Day class (SDC) for Severely Emotionally Disturbed students (SED).A student arrives on campus that you haven’t seen in over a week and seems to be pacing around the courtyard and adamant that he doesn’t want to go to class. You approach him and chat with him about his odd behavior and he walks away. In working with these types of youth you let the student have his space
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