program. U.S. politics and policies dealing with foreign food aid have had detrimental economic‚ cultural‚ and social effects on African nations receiving aid. In the late 1940s ‘Marshall Plan’ administrators “poured over $13 billion worth of financial and food aid into Africa” (2). This $13 billion dollars served as an incentive for U.S. farmers to up their production level and hopefully secure a sizeable amount of the subsidies that the government was offering. It was only after the ‘Marshall
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An Ethical Dilemma Aker & Aker is one of the top five accounting firms in the United States. It is providing multiple accounting services in personal money management and corporations. Jack had been working under Aker & Aker for over 17 years since he graduated from school. He has devoted most of his time (60-70 hours) in order to become a great supporter in the company‚ and no one can deny that he work hard more than anyone else. Jack’s colleague‚ Carla‚ who is also a great accountant‚
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Our story opens with an irate Jim Mclntosh confronting his manager of corporate reporting: “I thought we had an understanding on this issue‚ Frank. Tina tells me that you are threatening to go public with your stupid statements about the report. For Pete’s sake‚ Frank‚ wake up and smell the coffee! You’re about to damage all the important things in your life: your career‚ your friendships‚ and your company!” Frank sat quietly in the overstuffed sofa in his V.P’s expansive office. He thought
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available cash resources to the modernization of facilities in order to better compete in the 21st century.” Is a 5% stock dividend equivalent to a $1.00 per share cash dividend when shares are trading at $20 per share? Is the chair’s suggestion ethical? In this case‚ we see the problem is whether we choose cash dividend or stock dividend. But before we made our decision we must have to understand that neither cash nor stock dividend changes the shareholder’s net worth in the company (table)
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ETHC-445-68329 Massey Principles of Ethics Rehan Ashraf Homework Assignment‚ Week-3 DeVry University Scenario 1 The Mayor of a large city was given a free membership in an exclusive golf club by people who have received several city contracts. He also accepted gifts from organizations that have not done business with the City but might in the future. The gifts ranged from $200 tickets to professional sports events to designer watches and jewelry. Analysis There is no doubt; the mayor is
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once in two minds whether to hide his true identity or to save the guiltless prisoner who was mistaken for him. If he spoke the truth‚ he would be condemned‚ which meant an end to his freedom. I have been in this situation before‚ on the horns of a dilemma‚ not knowing to do what was good for me or to help a friend. It happened in a one-period test. Since I and a girl sitting next to me had not studied it over‚ we decided to cheat by putting the book in her desk case. The test went on well until I
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1. The ethical issues in this case are employee theft‚ company resource abuse‚ conflict of interest‚ misuse of company’s confidential information‚ lying and intimidating behavior. Jack is misusing the company’s confidential information to do work for some clients outside of A&A. There is a conflict of interest because Jack represents A&A and has gained the trust of the company. Jacks’ ethical issues arise when he denied a promotion to a partner’s position in the firm‚ by stealing the company’s software
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its disadvantages. Many clients that are currently doing business with the company will look at the company’s decision to see if they will continue to do business. Managers are looked upon as role models of the organization and to set the standard ethics of a company (Daft‚ 2012). Making this decision isn’t just about you as a manager but your decision also stands for the employees of the company‚ shareholders‚ stakeholders‚ and customers (Daft‚ 2012). Prepare for backlash if you decide to continue
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Role of Financial Manager Paper Cynthia P. Franklin FIN/554 William J. O’Connor‚ D.B.A. March 9‚ 2005 Abstract Role of the financial manager The rold of financial manager has evolved over the time to perform with the unique needs of today’s markets. New laws‚ rules‚ and guidelines have been implemented to increase the manager’s awareness of accuracy and ethical behavior within the company or specific department(s). The Sarbanes-Oxley Act of 2002 (SOX) has been the primary
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Week 1 – DQ 1. What ethical dilemmas might CPAs experience? Explain what ethical responsibility a CPA might neglect. (Ch. 17 of Financial Accounting Theory and Analysis) According to our text‚ there are five ethical dilemmas that accountants can experience: ❖ Independence: the accountant must be separate from the company ❖ Scope of Services: the accountant/auditor should not provide services that is not required by an accountant/auditor (consulting‚ tax return preparation‚ tax advice)
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