This work of ACC 557 Week 3 Discussion Questions comprises:
DQ 1: Explain several ethical challenges one could incur when measuring performance within an organization.
DQ 2: Explain what ethical issues SOX has helped with and where improvement is still necessary.
Business - Accounting
ACC 557 All Discussion Questions / Week 1 to Week 11
ACC 557 Week 1 DQ1
"Improper or Illegal Methods” Please respond to the following:
From the e-Activity, identify the company, the accounting impropriety or illegality, how it was detected, the outcome, and propose a strategy that might have prevented the situation. Indicate how the strategy should be implemented.
Assess the impact to the company’s financial performance based on the impropriety and the resulting effect to stakeholder confidence in management, recommending how the company can minimize the resulting impact to the business.
ACC 557 Week 1 DQ2
"General Accounting Principles" Please respond to the following:
“Bookkeeping and accounting are the same.” In terms of your role in the provision of financial services, present data to support the accuracy of this statement and support your position.
Analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making.
ACC 557 Week 2 DQ1
"Sarbanes-Oxley Act (SOX)" Please respond to the following:
From the e-Activity, recommend how the SOX framework can ensure reliable and complete financial information and how accounting professionals have benefitted from its use.
Provide support for your response.
Evaluate how the SOX has reinforced investors’ and creditors’ confidence in companies and how these individuals can take steps to verify the accuracy of the financial statements of potential investments or loans. Provide support for your rationale.
ACC 557 Week 2 DQ2
"Accounting for a Specific Circumstance" Please respond to the following:
From the e-Activity research you gathered, analyze how you, as the Chief Financial Officer (CFO) of
a “big box store” that has potential pollution, environmental-disposal, or demolition problems, would handle these costs in your financial statements and communicate this proposed plan to your colleagues on the management team. Indicate how any resistance would be overcome. Support your stance with the information that you obtained through your research.
Recommend the advantages and disadvantages of recording the above-referenced costs in the financial statements and how this might alter the company’s public image.
ACC 557 Week 3 DQ1
"Researching Financial Information" Please respond to the following:
From the e-Activity, analyze one company’s financial position and determine whether or not the stock potential will rise, remain stable, or decrease in value. Determine whether you would invest in it or not at this time. Provide a rationale for your response.
Assess how profitable the company has been over the past 5 years and determine how you would advise the company about its future profitability potential
ACC 557 Week 3 DQ2
Non-Cash Compensation" Please respond to the following:
Analyze how non-cash compensation can be abused by management within a company and the related risks to the long-term stability of the company. After considering the potential for problems wi
For downloading more tutorials visit - https://bitly.com/12BwgiA
Preparing for college is so much different than actually going through it; hopefully this article has provided you with plenty of useful advice to help you through it. Stay focused and determined, no matter what comes your way in college and in the end the effort will be well worth it!