Description
This Assignment is accessed by the following Course Outcome:
AC599-6: 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).
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Running Head: ETHICAL ISSUES OF FINANCIAL REPORTING
AC599 – Graduate Capstone in Accounting
Ethics Issues of Financial Reporting
Kaplan University
March 27, 2018
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ETHICAL ISSUES OF FINANCIAL REPORTING
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Ethical Issues of Financial Reporting
I chose the topic Ethical Issue of Financial Reporting because over the many years there
have accounting scandals of fraudulent financial reporting. I will discuss how Financial Reporting
can be affected by a breach of ethics within an organization and how it can cause significant
impact. Further emphasis will be on it is an accountability and social responsibility in regards to
financial reporting regulations.
In the current society, there have been negative perceptions regarding financial reporting.
Many of the finance officers have been associated with the breach of economic ethics while
conducting their research and presenting their reports. Many people have been scammed
financially. People have invested their money in organizations only to find out that those
organizations cannot account for the funds. On a daily basis, stories are going around over the
newspapers and the internet concerning accountability in the finance departments of various
organizations (Adams, 2012). People are scammed day in day out. Accountants and accounting
officers need to adopt ethical strategies, which will help them gain trust from people and their
customers. Accounting ethics is very crucial for any organization. When the accounting officer is
very ethics, the members of the organization will trust that officer. Accounting reporting officers
must be ethical when presenting financial reports regarding the organization.
Ethics can be defined as the mode of conduct th...