ACCT346 Discussions Week 1

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ACCT346 Discussions Week 1
The Sarbanes-Oxley Act of 2002 (SOX) has emphasized the importance of ethical behavior…

SKU: ACCT 346 Ethics and Ethical Behavior Managerial Financial Accounting Discussions Week 1 Categories: , Tags: , , ,

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ACCT346 Discussions Week 1

ACCT346 Discussions Week 1

All Students Posts 75 Pages

34 Pages

The Sarbanes-Oxley Act of 2002 (SOX) has emphasized the importance of ethical behavior and codes of conduct. Discuss the costs and benefits of the ethical environment. If a poor ethical environment results in costs to an organization, what are they? Conversely, what are the benefits of a good ethical environment?…

What can companies do to foster an ethical environment? Give examples of what YOUR company does to promote an ethical environment.   How can management go about setting an example of proper ethical behavior for the rest of the company?  How would you keep management accountable?…

Managerial and Financial Accounting D – 41 Pages

Flexibility, timeliness, and forward looking are said to be the prominent traits of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus on these two accounting systems differs.  What is the goal of Managerial Accounting and how does Managerial Accounting differ from Financial Accounting?…

Costs can be classified in regard to how they respond to changes in the activity level. Total variable costs change in proportion to changes in the activity level. If production decreases 20%, variable costs will also decrease 20%. However, the unit variable cost remains the same regardless of the production level. For example, if it costs $5 to produce one unit of Product X, total variable costs are $10,000 if 2,000 units are produced. If production decreases to 1,000 units, total variable costs decrease to $5,000. Notice that while the total variable costs decreased in proportion to the decrease in production, unit variable costs remained the same at $5 per unit…