Instructions This assignment is the first step in a three part project. You only need to focus on part one at this point. Each step will build on earlier steps. However, it is not a matter of providing a rough draft of all or even part of the entire project here in week three. That is, further steps might require completely new and original text.  At the same time, completing each step will aid you in completing a future step or future steps. And, you should use the same topic in all steps. First, select a topic of moral controversy, debate, disagreement, and dispute, Examples of such topics are euthanasia, the death penalty, abortion, cloning, etc. You can pick any such topic. It need not be listed here. Next, detail the positions of each side of the ethical debate. Note at least two moral reasons each side presents to show their view on the topic is correct. Now, we want to evaluate these positions using the moral theories we studied this week: What would an Ethical Egoist say about this topic? What side would the Ethical Egoist take? What would the Ethical Egoist say to justify their moral position? Is there a conflict between loyalty to self and to community relevant to your topic? If so, how so? Note what you feel is the best course of action. What would a Social Contract Ethicist say about this topic? What side would the Social Contract Ethicist take? What would the Social Contract Ethicist say to justify their moral position? Does your topic involve a collision between personal obligations and national ones? If so, how so? Note what you feel is the best course of action. Finally, reference and discuss any professional code of ethics relevant to your topic such as the AMA code for doctors, the ANA code for nurses, or any other pertinent professional code. State whether and how your chosen topic involves any conflicts between professional and familial duties.

The Term Paper is an opportunity for you to conduct research and explore in depth an issue pertinent to the role of an accountant in your chosen area of interest. The objective of the Term Paper is to research, evaluate, and propose practical applications of the concepts you learned from many courses and from your chosen area of interest in your MSAC degree program. Accordingly, you will be able to choose a topic from any of the following broad areas. Financial accounting and reportingGovernmental accounting and reportingNonprofit accounting and reportingManagerial accountingAuditing—publicAuditing—internalTaxationFraudOther topic from a course that you took in your MSAC program Although the topic areas are fairly open-ended, it is expected that your paper will document theoretical underpinnings as well as practical implications. Suppose, for example, your interest is in auditing for fraud. An ideal paper would include not only a discussion of why fraud occurs but also recommendations for a business or other entity to guard against fraud. Hence, a deeper discussion of internal control procedures and the role of internal and external auditors would be appropriate. In effect, both the why and how of implementing relevant tools, technologies, process, procedures, and policies would need to be addressed. Week 6 Term Paper Submission This week, you will need to submit a draft of a summary and conclusions that will ultimately be included in your Final Term Paper. Submit this draft no later than midnight Sunday at the end of Week 6.