Ethical & Social Implications - Communicate professionally Assignment

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Business Finance

Description

Part 1 due in 8 hours

Look ahead to the Unit 6 Assignment requirements and determine a topic of interest to you. Because this is a capstone course a variety of topics are applicable from financial accounting to auditing. Select an area you are interested which will allow you to evaluate the ethical and social implications of business and accounting decisions in a global context (such as the ethics associated with earnings management decisions). For the Unit 6 Assignment, you are required to critique the ethical situation AND evaluate its potential outcomes. 

Submit your topic on a word document and a short explanation of why you chose this topic for your final paper. After receiving instructor approval you may begin working on your Unit 6 Assignment.

Part 2 due in 7 days

Communicate professionally through writing and presentations with stakeholders. 

For Assignment 2 you will be required to complete a written assignment based on the topic you chose during Unit 3

Write a 1,000–1,350 word essay based on the topic you chose in Unit 3.

Include the following in your essay:

  • Identify an underlying ethical issue (like the ethics associated with earnings management decisions).
  • Critique of ethical situation
  • Determine who could be harmed by the ethical situation
  • Assess the potential outcomes of the ethical situation from an accounting perspective
  • Evaluate how these decisions could be avoided or prevented.

Include a reference list incorporating a minimum of three credible sources and a title page.

Use Times New Roman 12 point font, with one-inch margins on all sides and one-and-half inch line spacing.

Format your work consistent with APA guidelines.

Visit the virtual library as it houses many sources you can use, including information regarding APA formatting and ABI-inform. Additional information regarding ABI-inform can be found in Course Documents. You are not limited to the university’s library and may use other databases for sources (like the public library).

Save your Assignment in the following format: Last name First name Assignment. (Example: SmithJohn_Unit_Assignment2).

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: MANGERIAL ACCOUNTING

Managerial Accounting
Name
Institution
Date

1

MANAGERIAL ACCOUNTING

2

Managerial Accounting
Managerial accounting, often known as cost accounting entails identifying, analyzing and
communicating information to internal users who mostly include managers and the staff.
Managerial accounting provides relevant information to the management and such pieces of
information act as the basis for making sound financial decisions in an organization (Maas,
Schaltegger & Crutzen, 2016). I chose this topic because it entails various accounting branches
used by the management to base their business operation metrics and financial decisions.
Additionally, this topic is relevant because it will highlight how managers use managerial
accounting to gather financial information and make a better decision in regards to their
managerial roles.
Ethical Issues in Managerial Accounting
Ethical issues are vital in managerial accounting. Management accountant needs to take
note of all ethical issues to prevent using or drafting misleading information. According to the
Institute of Management Accounting (IMA), ethical issues in managerial accounting are
integrity, credibility, competence, and confidentiality (Ghose, 2015). Competence is witnessed
when a managerial accountant can use professional expertise to build on their accounting
prowess. Confidentiality demands that information should only be disclosed to the rightful
people as per their supervisors’ instructions and discretion. Integrity per se prohibits any...


Anonymous
I was struggling with this subject, and this helped me a ton!

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