Commercialism vs professionalism in accounting profession

Assignment Help Financial Accounting
Reference no: EM131287973

Discuss the issue of commercialism versus professionalism in the accounting profession with respect to thechanges in the rules of conduct described in the case. Do you think these changes are good or bad for theprofession? For the public? Explain.1. What are the threats to compliance with the rules of conduct that arise as a result of the alternative practicestructure in this case? Why are they threats?2. What safeguards might be established to ensure the threats have been eliminated or reduced to acceptablelevels?

What would you do if you were Billy? Consider the following: 4. How can you get it done effectively and efficiently? What do you need to say and to whom?What can you expect the pushback to be and how might you counteract any reasons and rationalizations?

Reference no: EM131287973

Questions Cloud

Weather-centric running app : In your Introduction, discuss how TWC can be maintain its competitive advantage with its weather-centric running app now that public weather datasets are available. What other data could TWC incorporate into the OutSider app to make it the go-to r..
Write a summary to explain to me what''s it about : Write a summary to explain to me what's it about and what you learnd because my prof is going to ask the class about it so I want to be able to answer.
How each political institution plays a role at each stage : It involves numerous steps and the interaction of various political institutions. In a well-developed five page essay, discuss how each political institution plays a role at each stage of the policymaking process.
Employer-employee rights and policy issues : How do you think technology is creating employer/employee rights and policy issues? What are some actions a company can take to lessen these issues?
Commercialism vs professionalism in accounting profession : Discuss the issue of commercialism versus professionalism in the accounting profession with respect to thechanges in the rules of conduct described in the case. Do you think these changes are good or bad for theprofession? For the public?
Project management perspective for the ecommerce project : Part 1: List and discuss the major risk management functions from a project management perspective for the eCommerce project. Part 2: Describe a positive and negative risk event, the related consequences, and the risk response plans for the eCommer..
Why do you think donald trump won the election : Why do you think Donald Trump won the election? Was it the majority of Americans who were fed up with traditional politicians and wanted a change or was it a significant mistrust of Hillary Clinton that led Americans in key swing states to vote a..
Necessary for laws to promote and protect unions : Do you think it is still necessary for laws to promote and protect unions? What would you change regarding union laws? Justify your answer.
Explain the internal analysis-external analysis of a plan : Write a summary highlighting the key points of the plan.Also Explain The Internal Analysis,The External Analysis,Strategy Analysis and Choice,Strategy Implementation etc.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Estimate of doubtful accounts have on income statement

The following is taken from the asset section of a recently issued annual report ($ in millions): Loans, net of unearned income $244,206 Allowance for possible credit losses (6,679) What sort of business do you think this company is in? What effect d..

  Accrual basis accounting system-utilities expense-land

Which of the following accounts would appear only in an accrual basis accounting system, and which would appear in either a cash basis or accrual basis accounting system? (a) Capital Stock, (b) Fees Earned, (c) Accounts Receivable, (d) Land, (e) Util..

  Pittsburgh to donate the painting to the museum

Amy owns an Andy Warhol painting valued at $3 million. She has made arrangements with the Warhol Museum in Pittsburgh to donate the painting to the museum when she dies. As part of the arrangement, Amy will keep the painting in her home until her dea..

  What is the controlling interest in consolidated net income

Keefe Inc, a calendar-year corporation, acquires 70% of George Company on September 1, 2014, and an additional 10% on January 1, 2015. Total annual amortization of $6,000 relates to the first acquisition. George reports the following figures for 2015..

  How much must they charge for each job to break-even

UPS Store prints business cards, brochures, and sells stationary. UPS plans to sell 80 jobs this up coming week at an average cost of $52 apiece. Expenses amount to $1840 each week. How much must they charge for each job to break-even? If they wish t..

  What is the ethical dilemma for devers

The executive officers of Rouse Corporation have a performance-based compensation plan. The performance criterion of this plan is linked to growth in earnings per share. When annual EPS growth is 12%, the Rouse executives earn 100% of the shares; if ..

  Amount of real estate rental activity loss was deductible

Lane, a single taxpayer, received $160,000 in salary, $15,000 in income from an S Corporation in which Lane does not materially participate, and a $35,000 passive loss from a real estate rental activity in which Lane materially participated. Lane's m..

  Select a company that you are familiar with from the

select a company that you are familiar with from the transportation industry.collect the 4 main financial statements

  Prepare an acquisition analysis

Prepare an acquisition analysis and the consolidation journal entries necessary to prepare consolidated accounts for the year ending 30 June 2015 for the group comprising Koala Ltd and Kingfisher Ltd

  Analyze overall financial health of blue bill corporation

Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010. After calculating the various ratios, analyze the overall financial health of Blue Bill Corporation.

  Compare historical and expected future performance of bhp

Your task is to compare and contrast the historical and expected future performance of BHP Billiton Limited (a listed company) and Rio Tinto Limited (a listed company) a competitor in the same industry

  What is the partnerships required tax year

A partnership has three partners. Partner A has a 50% interest in capital and profits and uses a calendar year end. Partner B has a 30% interest in capital and profits and a May 31 year end. Partner C has a 20% interest in capital and profits and a J..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd