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Assignment: Ethics in Accounting
Due Week 9 and worth 170 points
Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting.
Instructions:
Read the following scenario.
Answer the questions that follow. This will be a 2-3 page submission in a question and answer format (also in paragraph form). An introduction and conclusion is not required.
Refer back to your textbook for guidance on how to think through the scenario.
You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company. Your immediate supervisor is the controller who also reports directly to the VP of Finance. The controller has assigned you the task of preparing the year-end adjusting entries. In the receivables area, you have prepared an aging accounts receivable and have applied historical percentages to the balances of each of the age categories. The analysis indicates that an appropriate estimated balance for the allowance for uncollectible accounts is $180,000. The existing balance in the allowance account prior to any adjusting entry is a $20,000 credit balance.
After showing your analysis to the controller, he tells you to change the aging category of a large account from over 120 days to current status and to prepare a new invoice to the customer with a revised date that agrees with the new category. This will change the required allowance for uncollectible accounts from $180,000 to $135,000. Tactfully, you ask the controller for an explanation for the change and he tells you “We need the extra income, the bottom line is too low.â€
Required:
In a 2-3 page paper, discuss the following:
Consider what you have learned relative to ethics and financial reporting. What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance?
How do you think the misstatement of funds will impact the income statement and balance sheet?
What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller.
Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor?
What are the potential consequences if you do comply with your supervisorâ€
s instructions? Who will be negatively impacted?
Additional Requirements:
Use at least one (1) quality academic resource (in addition to your textbook) for this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. You have access to Strayer Universityâ€s Online Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research.
Your assignment must follow these formatting requirements:
Your paper should be double spaced (Arial or Times Roman 12 pt font) and follow general Strayer Writing Standards (SWS) as they relate to references and citations. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards menu link located in your Blackboard).
Include a cover page containing the title of the assignment, the studentâ€s name, the professorâ€s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
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prescribing for nurse and midwives- Non Medical prescriber-Outcome 9 Practise within a framework of professional accountability and responsibility
Outcome 9
Practise within a framework of professional accountability and responsibility
Student Assessment
Please provide examples from practice that demonstrate your knowledge, skills and understanding in relation to the above outcome (Approximately 500 words). Provide examples from your practice to demonstrate how you have met the learning outcome. Please Note
as a registered nurse studying prescribing course , NMC plays a major role in my practice, i cannot practice without NMC registration. NICE , Department of Health, NHS England should be mentioned too, As a substance Misuse Nurse working in the prison HMRA regulations, Prison structure plays a vital role in discipline and responsibility- please highlight this.
. incorporates who am i accountable to
NMC, PATIENT,EMPLOYER , PUBLIC
Definition of responsibility and accountability
things to consider
.continuity of professional development
.understanding of protocols
.liability and indemnity insurance
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You will need to complete a case conceptualization and treatment plan from a provided crisis or grief case vignette. The case conceptualization and treatment plan must include the major clinical areas (e.g., identifying data, presenting problem, and family history/dynamics, diagnosis, and treatment recommendations.) Additionally, the paper must include a case conceptualization using a grief or crisis theory and one other theory of your choosing. Make sure to include specific interventions chosen for your plan and comprehensive recommendations for the clientâ€s overall treatment (e.g., referrals to family doctor, financial planning, psychiatrist, etc.; whatever you believe may be beneficial to the client). There are forms made available under “Content†that you may use to assist in organizing your data, but it is not necessary that you use the forms (DAF [Diagnostic Assessment Form], MSE [Mental Status Exam], Treatment Plans, or you may use forms utilized where you work, if available). The case conceptualization/treatment plan should be 7-8 pages in length following APA formatting.
interventions and concepts (the lens through which you see the case)
change any items in vignette (e.g. you may add weight loss or increase; sleep problems, etc.).
Rubric for Case Conceptualization/Treatment Plan: 30 points
APA formats – abstract, citations and references, Times New Roman, double-spaced, etc. – 10 points
Major Clinical Areas:
studentâ€s choice: 10 points
References used should primarily be up to date from roughly the last 3-5 years, depending on the topic:
References should be clearly reliable and scholarly, such as books, chapters from books, and/or journal articles from peer-reviewed publishers. Internet sources should be respectable publications, such as www.apa.org/monitor, www.samsha.gov, NOT www.billybobshomepage.com (Wikipedia is not a proper source, and is not peer-reviewed. DO NOT USE IT!)
Do not use “secondary sourcesâ€.
Required Text(s)
Jackson-Cherry, L. R., Erford, B. T. (2018). Crisis assessment, intervention, and prevention (3rd ed.). Boston, MA: Pearson Publishers. ISBN: 978-0-13-294696-4.
Worden, J. W. (2018). Grief counseling and grief therapy: A handbook for the mental health practitioner (5th ed.) New York, NY: Springer Publishing Co. LLC. ISBN: 9780826101204.
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