Discuss the importance of the accounting profession

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Based on the movies Inside JobToo Big to Fail (2010) and (2011).

a) What do you think were the primary influences that delayed preventive measures from being implemented in advance to prevent the crisis, and why do you think those influences were so powerful? You might consider personal motives, understanding the complexity of the financial product/system, etc.)

b) In the movie, Too Big to Fail, which problem-solving method/activity did you find most interesting as an idea for something you could possibly use in the future? (You may refer to your discussion board response if you previously addressed this item.)

c) What did you see as the primary consequence of not taking advance action in preventing the crisis? Can you relate that consequence to Biblical principles we are taught related to prayer and patience in working through difficult situations?

d) How is the phrase "no man is an island" exemplified in the story of the financial crisis?

e) We might say that the two movies you watched were not only told from opposing perspectives but with different voices, as well. After thinking about the way the two movies were told, how do you think persuasive elements of speech might help or hinder business discussions/communications?

f) Discuss the importance of the accounting profession in our world. How do the values and objectives of the profession serve our world?

Scripture Reflection

Reflect on a scripture passage that resonates with you after contemplating the vast array of challenges and moral dilemmas surrounding the financial crisis. What passage might you keep in your mind to guide you when faced with the many challenging ethical situations that will arise throughout your life and in your professional journey?

Reference no: EM132904986

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