foothill accounting ethics course B u s i n e s s F i n a n c e

foothill accounting ethics course B u s i n e s s F i n a n c e

Please see the attachment for the textbook. Answer discussion 1 base on chapter 1; discussion 2 base on chapter 2; discussion 3 base on chapter 3.

Discussion 1

FACTS: This week your immediate supervisor assigned you as the senior in charge of an audit of an important international client in New York City because of your excellent work, and because she learned how well you performed in your Foothill Accounting Ethics course. She also made it clear that if he (the client) is not happy with you, your firm could lose the client or you could be demoted. While in New York, the client offers you box seats to a Broadway play you and your spouse (who is in town with you) have wanted to see for years, but tickets must be bought many months in advance. Further, in preparation to interact with the client, you researched the culture of his country and discovered that refusing a gift is considered an insult.

DISCUSSION: Based on these facts, summarize the ethical reasoning method you would use when deciding whether to accept the tickets. The discussion must include an approach that is (i) based on this week’s assignment, and (ii) narrowly tailored to the accounting profession based on your current and a general understanding of the profession’s rules and procedures.

Your grade score will be based only on part (i) of your discussion. Part (ii) of the discussion is simply to help me understand your current thought process and approach to accounting ethics. Remember the word limit. Your goal – with this and all course discussions – is to be concise yet thorough, which will require thoughtful editing.

Note: Your original post is limited to 300 words maximum. You must make comment on one of your colleagues’ posts and your comment is limited to150 words.

Discussion 2

FACTS: You are happy to be working as a controller in the headquarter for a company, and the owner and President of the company (the “boss”) trusts you enough to handle the business’s banking account, since you did, after all, get an “A” in your Foothill Accounting Ethics course. One day the boss hands you a $225.00 receipt for dinner and entertainment from the night before. He explains it is for the entertainment of a client – dinner and the lounge at the boss’s country club – and wants you to cut him a check for reimbursement of the full amount of the receipt. Later that day, the boss’s girlfriend stops by to pick up the boss for lunch. While waiting she talks to the receptionist and you clearly overhear the girlfriend say how much she enjoyed last night’s dinner at the country club with the boss.

DISCUSSION: What would you do, if any? Explain your thought process. Please make sure to use what you learned from Chapter 2.

Note: Remember your original post is limited to 300 words maximum. You must make comment on one of your colleagues’ posts and your comment is limited to150 words.


Discussion 3

Using the book, common sense, and perhaps a bit of research, draft the steps an accountant might go through in making the decision of whether and how to be a ‘whistleblower’ regarding a perceived unethical practice of his or her employer, which is a reputable accounting firm.

Note: Remember your original post is limited to 300 words maximum. You must make comment on one of your colleagues’ posts and your comment is limited to150 words.