LG Unit 2 Assignments.docx - Unit 2 Ethics in Accounting Topics The role of Ethics in Accounting Conflicts of Interest Legal Requirements of Financial

LG Unit 2 Assignments.docx - Unit 2 Ethics in Accounting...

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Unit 2: Ethics in AccountingTopics:The role of Ethics in AccountingConflicts of InterestLegal Requirements of Financial ReportingLearning Objectives:By the end of this Unit, you will be able to:1.Discuss how accounting plays a role in the ethical environment of a business.2.Analyze conflicts of interest in reporting the financial condition of a business.3.Explain the operation of legal requirements for financial reporting.4.Examine several areas where ethics and accounting interact.Tasks:Peer assess Unit 1 Written AssignmentRead the Learning Guide and Reading AssignmentsParticipate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)Complete and submit the Written AssignmentReading AssignmentFrom a UoPeople Ethics professor: “I was at Texas A&M University (an hour or so from Houston) when our former students, at both Enron & Arthur Andersen started calling us for advice as this scandal was occurring. At some point, I stepped out into the hallway where all the other accounting professors were
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looking at each other, and we knew our world had changed forever.” Some ethics classes make an entire semester out of this case study, so there is plenty written about it.Arthur Anderson: An Accounting Confidence Crisis (N.D.) Daniels Fund Ethics Initiative. University of New Mexico. Retrieved from: Benson, G. & Scott, K. (2002). Enron and Accounting Issues. AEI Shadow Financial Regulatory Committee. Retrieved from: Brown, K. & Dugan, I. (2002, June 7). Arthur Anderson's' Fall from Grace Is a Sad Tale of Greed and Miscues. Wall Street Journal. Retrieved from:
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