ETH 557 Entire Course Material Week 1-6
ETH557 Individual Ethics Case Study
Write a 350- to 700-word paper explaining the following:
Given the current pressures on China, Jamaica, and America expressed in the article, how would ethics play a role in decision making for financial, environmental, and cultural issues?
How are the concepts of positive and normative economics
reflected in this context?
How do market efficiency, economizing, and the market system affect these ethical issues?
ETH 557 Week 2 Individual Assignment
Research the elasticity of beef and eggs in regards to price changes. How do supply, demand, and price controls interact to affect equilibrium price of eggs? Why do customers have a more elastic buying response to beef than to eggs?
What would be the consumer buying response to Coca-Cola® if the price of Pepsi® doubled? If the prices of Coca-Cola® and Pepsi® remained constant, what would be the consumer’s typical buying response to these products if their income was reduced by 30%? Suppose all carbonated beverages tripled in price. How would the concepts of utility, income, and substitution predict consumer behavior based on the rise in the cost of carbonated beverages?
ETH 557 Week 3 Learning Team Ethical Challenges and Agency Issues
Adverse financial situations occurring throughout the 20th century led to government legislative interventions regarding corporate financial accounting on several occasions.
Read the following case studies from the text:
“Timely Reporting of Budget Problems Case Study” on pp. 388 & 389 (Ch. 10). “Level of Executive Pay Case Study” on pp. 605-607 (Ch. 15).
Write a 700- to 1,400-word paper, 350 to 700 words for each team member, analyzing the ethical challenges as well as any agency issues. In the same paper, explain how the 1933, 1934, and SOX Acts were reactions to financial crises arising from similar challenges.
ETH 557 Week 4 Individual Ethics of Penn Square Bank and the Dow Corning Bankruptcy
Resources: This week’s Electronic Reserve Readings
Conduct additional research, and then answer each question in two 350- to 700-word responses:
• Penn Square Bank: What were the ethical pressures on the firm concerning documentation, credit extension, and revenue recognition that lead to the final collapse? What should have been done to reduce or offset these pressures?
• Dow Corning Bankruptcy: What were the business’ ethical challenges involved in filing bankruptcy for Dow Corning? Analyze the actions of the two parent companies, Dow and Corning, that represent the largest ethical issues.
ETH 557 Week 5 Learning Team Internal Policies
Your firm must establish internal policies regarding the creation of business contracts as well as electronic communications (e-mail) including document retention.
Draft the internal policies as a team. The policies should be clear and include a set of procedures.
ETH 557 Week 6 Individual Economic and Ethical Issues of Pricing
As a CPA you are in charge of a small tax advisory firm providing services to individual taxpayers, a substantial group of whom is high-wealth. Your firm is experiencing new pressures from the changing marketplace. New, non-CPA market competitors and competition from do-it-yourself tax-preparation software packages have had a negative effect on your bottom line. Because of these pressures, you are looking at ways to reduce costs. To expand your business and continue successfully you must consider employing non-CPAs.
Write a 700- to 1,050-word paper explaining economic issues that bring concern to pricing your services and products. What ethical challenges will you face in hiring non-CPAs? What standards apply?