ACC 560 Managerial Acct Discussion

                             ACC 560 Managerial Accounting
Instructions:  Each discussion question should be at least a paragraph with references included.
                                    Week 1 Discussion 1

            "Corporate Malfeasance" Please respond to the following:

· Evaluate the difficulties companies are faced in implementing a control framework against fraud under Sarbanes-Oxley (SOX). In your evaluation, discuss how the external financial audit can assist in determining fraud.

· Analyze how the SOX framework can prevent business model fraud in financial accounting and managerial accounting. Contrast the differences in the framework for financial accounting and managerial accounting

 Go to the AICPA Website to read the current AICPA code of professional conduct, located at http://www.aicpa.org/Research/Standards/CodeofConduct/Pages/default.aspx. Be prepared to discuss. 

 

                                     Week 1 Discussion 2

   "Ethics in Management Accounting versus Financial Accounting" Please respond to the following:

·From the e-Activity, assess the effectiveness of the current Institute of Management Accountants (IMA) code of professional conduct in promoting ethical behavior and providing guidance for the dilemmas managerial accountants are confronted with today. In your assessment, compare the IMA code of conduct to the AICPA code of professional conduct and its effectiveness.

·From the e-Activity, assess the aspects of your job that are most likely to be challenged ethically and suggest how you will handle these situations. 

For this discussion is related to my work experience.  I work for Fidelity Investments call center. I handle health and insurance and 401K plan inquiries. 

Go to the New York Times Website to read the article titled “How the U.S. Lost Out on iPhone,” dated January 21, 2012, located at http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?pagewanted=1&_r=1. Be prepared to discuss.