ACCT 101 Week 1 Discussion | Canvas University
- Canvas University / ACCT 101
- 24 Jun 2021
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- Accounting & Economics Assignment Help / Finance
ACCT 101 Week 1 Discussion | Canvas University
Module 1 Discussion - Philip Morris
The tobacco
companies have paid billions because of smoking-related illnesses. In
particular, Philip Morris, a leading cigarette manufacturer, paid more than
$3,000,000,000 in settlement payments in one year.
Requirements
1.
Suppose you are the chief financial officer (CFO)
responsible for the financial statements of Philip Morris. What ethical issue
would you face as you consider what to report in your company’s annual report
about the cash payments? What is the ethical course of action for you to take
in this situation?
2.
What are some of the negative consequences to
Philip Morris for not telling the truth? What are some of the negative
consequences to Philip Morris for telling the truth?
|
Criteria |
Full Points |
|
Initial
post made by 11:59pm on Thursday |
2 |
|
Answers to
discussion questions are complete, demonstrate careful reading and reflection
on the material, and demonstrate understanding of concepts |
4 |
|
At least
one, insightful comments to classmates initial posts by 11:59pm on Sunday |
2 |
|
Correct
grammar and spelling |
2 |
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