Learning Objectives After studying this module you should be able to: Understand the importance of ethics Know the history of ethics in accounting Incorporate ethics into your decision process Know ethical standards for accounting professionals Understand ethical implications of the U.S. transition to IFRS Appreciate lessons learned from recent business scandals SECTION 1 — THE IMPORTANCE OF ETHICS Ethics is an important part of your accounting education and it will play an increasingly important
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Can the British be proud of their Empire? Britain had the largest empire in the world‚ by 1900. They were ruling an estimated 25% of the globe‚ but just because Britain had the most power‚ it doesn’t mean that they used it for the best. For example‚ Rani Lakshmi‚ was an Indian Princess and when her husband died the British took his land‚ and the natives had no say in the matter. The British also tried to change their customs even though they didn’t want them changed. The Indians tried to fight
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How Can an MBA Change Your Life? How Can an MBA Change Your Life? R University of Phoenix How Can an MBA Change Your Life? An MBA is a post graduate Master of Business Administration degree that can lead to high-level careers in business‚ management industries‚ and finance. An MBA allows an individual the opportunity to obtain a better management position in corporate America and government jobs. Personality assessments provide individuals with the understanding of their strengths
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Latin America: Where Independence does not come Easy The revolution that took place during the late 18th and 19th century was the Latin America Wars of Independence. These wars led to the creation of many different independent nations in Latin America. Even though they gained independence there was a lot of issues trying to establish who would gain power. This caused a number of obstacles to achieving political stability and economic development. Many leaders from the independence movement had ideas
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How can the government stop tyranny ? The Articles of Confederation seemed to fail trying to do the job. The challenge was to create powerful rules that everyone would be able to live by. They weren’t just any powerful rules it was the Constitution‚ and it made sure that no one had more power or was much more powerful than any other. “In the compound republic of America‚ the power surrendered by the people is first divided between two distinct governments.”James Madison came up with a compound government
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Reason why people give up on ethics Self-interest sometimes morphs into greed and selfishness‚ which is unchecked self-interest at the expense of someone else. This greed becomes a kind of accumulation fever. “If you accumulate for the sake of accumulation‚ accumulation becomes the end‚ and if accumulation is the end‚ there’s no place to stop‚” he said. The focus shifts from the long-term to the short-term‚ with a big emphasis on profit maximization. For example‚ swaps (where two communication
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I watched the movie As Good As It Gets. The movie was about an older man who was diagnosed with Obsessive-compulsive disorder (OCD). It portrayed his journey throughout the movie of his impulses‚ such as doing things in repetitions of 5 like turning on his lights‚ not stepping on cracks‚ crossing his feet before putting his slippers on‚ taking his own utensils to a restaurant‚ having the same waitress and table every day‚ and many others. His routine is interrupted by his neighbor’s dog moving in
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literature is; second‚ what it is that endangers a nation that can be negated by literature. Literature‚ per definition‚ is the art of written works. In Latin‚ it literally means “to be acquainted with letters”. So‚ in that context‚ every book‚ every journal‚ every thing written‚ loosely defined‚ is literature. Now‚ what can books‚ journals and papers possibly do to save a nation from‚ say‚ war? Or economic crisis? Or anything that can harm what we define as “ community sharing a common language
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assess and manage the emotions of one’s real self and of others. Our EQ‚ or ’Emotional Quotient’ ‚ is how one measures ’Emotional Intelligence’. Dealing with emotions is extremely important to our health. When we repress feelings‚ they will manifest‚ through illnesses such as depression‚ anxieties‚ panic and eating disorders‚ just to name a few. We must be honest about our feelings. Only then can we accept and manage them. Many people prefer to ignore their emotions‚ especially when it may upset
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CYP 3.1 Understand Children and Young Person development There are many factors that influence child development‚ and for most of them‚ we do have some control. When working with children and young people it is important to have a good understanding of what children need to grow‚ so as professionals we are better able to address the needs. A child’s environment‚ for example‚ their family or school play a huge part in their development. Some of the main factors that influence a child’s
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