Why might a practitioner be tempted to

Assignment Help Accounting Basics
Reference no: EM132855284

When discussing and evaluating professional ethics, it is essential to understand the purpose, terminology, and repercussions of professional misconduct. The American Institute of Certified Public Accountants (AICPA) code of professional conduct is the gold standard for defining professional conduct in accounting; it is therefore important for business professionals to be familiar with. In this discussion, you will explore one principle in depth and discuss it and others with your peers.

Question 1: How would you define and describe your selected principle in your own words?

Question 2: What value does the principle bring to practitioners, businesses, and clients?

Question 3: What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response to the situation be? Why might a practitioner be tempted to, or accidentally, not take an ethical course of action?

Reference no: EM132855284

Questions Cloud

What is the expected operating profit : Company XYZ expects sales to increase by 12% next month. What is the expected operating profit, in ($) value, next month
What would be the budgeted total direct labor cost : The production budget calls for producing 5,000 units in January, 4,000 units in February, and 6,000 units in March. What the budgeted total direct labor cost
Is important for a company to follow a strict budget : How does management greed influence budget decisions? Do you think that there will be a bias towards greed when creating the budget for this company? Explain.
How much of the principal you would have paid off : You just borrowed RM300,000 to buy a house. The interest rate is 8 percent per year. How much of the principal you would have paid off
Why might a practitioner be tempted to : What would an ethical response to the situation be? Why might a practitioner be tempted to, or accidentally, not take an ethical course of action?
Interpret a confidence interval for the proportion : Construct and interpret a 95% confidence interval for the proportion of all students at Wilmer Amina Carter High School who support banning plastic water bottle
Find the probability that a randomly selected customer : Find the probability that a randomly selected customer takes more than 10 minutes if the average is 7.45 minutes with a standard deviation of 1.04 minutes.
Journalize and post the March transactions : Mar. 18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Journalize and post the March transactions
Name and show the elimination entries needed : Name and show the Elimination entries needed when consolidating under the Equity Method AFTER the year of Acquisition. ALSO: show the calculations

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd