Review the scenario and complete the activity below. This scenario can also be found in the “Questions & Problems” section of Ch. 6, “International and Comparative Law” in Dynamic Business Law.In an interview published by The New York Times in February 1976, former Lockheed President A. Carl Kotchian defended the payment of bribes by the company as follows:“Some call it gratuities. Some call them questionable payments. Some call it extortion. Some call it grease. Some call it bribery. I look at these payments as necessary to sell a product. I never felt I was doing anything wrong.”More than 30 years later, Reinhard Siekaczek, an accountant employed by Siemens who oversaw an annual budget for questionable payments in excess of $50 million, stated:“I never thought I would go to jail for my company. …We thought we had to do it. Otherwise, we would ruin the company. …People will only say about Siemens that they were unlucky and that they broke the Eleventh Commandment. The Eleventh Commandment is, ‘Don’t get caught.’”You have been hired to assist ABC Multinational Company to help educate employees on ethical practices and corporate culture. More specifically, related to the Foreign Corrupt Practices Act, your role is to prevent situations described in the above scenario.Create either a handout, job-aid, poster, or flier to educate employees on the Foreign Corrupt Practice Act. Complete the following for your educational tool:Explain what the employees should know regarding the Foreign Corrupt Practices Act.Provide examples of Foreign Corrupt Practices Act violations.Identify company actions or red flags that might indicate violations of the Act.List any consequences of the violations.Recommend actions to report possible violations.Describe protections for whistleblowers. Why are they important? How do the protections impact the Act?Cite references to support your assignment.Format your citations according to APA guidelines.Submit your assignment.ResourcesCenter for Writing ExcellenceReference and Citation GeneratorGrammar and Writing Guides

Introduction Imagine you are trying to grow your business by attracting investors, clients, or securing a loan. You'll need to tell a compelling story that demonstrates your understanding of business finance and the language it speaks—the language of accountants. Accounting is often called the language of business, and rightfully so, because effective business organizations set up an accounting information system to communicate data to help internal and external stakeholders make better decisions. Reporting the results of an organization's business transactions to these stakeholders requires the preparation of financial reports such as a balance sheet (statement of financial position), retained earnings, and the income statements. Accurate preparations of these statements require essential accounting knowledge and skills. Preparation Use the Assessment 1 Template [XLSX] to complete this assessment. Review all suggested readings. Note: Accuracy in accounting is paramount. Take your time and double-check your work for errors or omissions. Scenario For parts 2-4: Imagine that you have been given June 2010 financial transaction data provided by Moonlight Drive-In Theater and have been asked to prepare specified financial statements. This information is found in the Assessment 1 Template [XLSX]. Instructions? Step 1: Describe the accounting environment. Step 2: Prepare an income statement. Step 3: Prepare a statement of retained earnings. Step 4: Prepare a balance sheet. Complete each of the following assessment parts in sequence using the Week 1 Assessment 1 Template [XLSX]. All parts of the template should be submitted together. Each template tab corresponds to one of the following assessment parts: Part 1: Accounting Environment Respond to the short-answer accounting environment questions found in the template on the "Accounting Environment" tab using proper grammar and language. Part 2: Income Statement Source: Edwards, J. D., Hermanson, R. H., & Maher, M. W. (2011). Accounting principles: A business perspective, financial accounting (Chapters 1-8) [PDF]. Textbook Equity. Problem C, page 67. Prepare an income statement for June 2010. Part 3: Statement of Retained Earnings. Prepare a statement of retained earnings for June 2010, using the information in Part 2. Part 4: Balance Sheet. Prepare a balance sheet as of June 30, 2010, using the information in Part 2.