EBK MANAGERIAL ACCOUNTING
5th Edition
ISBN: 8220103613811
Author: TIETZ
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 1.9SE
Identify ethical standards violated (Learning Objective 4)
ETHICS
For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility.) Refer to Exhibit 1–7 for the complete standard.
- a. Jack, an accountant for a smartphone manufacturer, told his friends about a new model of smartphone being released by the company in the following quarter. For competitive reasons, the company keeps its models shrouded in secrecy until the release date.
- b. The CFO directed that certain expenses be reclassified as assets, so that target profit could be achieved. The CFO rationalized that jobs would be saved by reaching the targeted income figures.
- c. Even though Meagan’s company is adopting a new ERP system that impacts the accounting system, Meagan (a
management accountant ) has not completed the required ERP training from the vendor. - d. Oliver provides an analysis of the profitability of a company-owned store that is managed by Oliver’s best friend, Bob. Oliver neglects to include allocated fixed costs in Bob’s report. If Oliver includes those allocated fixed costs, the store will show a loss and Bob’s job could be in danger.
- e. Yimeng, a purchasing agent for her company, received two tickets from a supplier to the upcoming Ohio State versus University of Michigan football game. These tickets sell for over $500 each.
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S15-8 Identify ethical standards violated (Learning Objectives 1, 2, & 3) For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility). Refer to Exhibit 1-7 for the complete standard.
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i) Identify the…
ZOOM
ntences are
4.
How to Prevent Cheating
(1) Teachers should take steps to prevent students from cheating on exams. (2) To begin
with, teachers should stop reusing old tests. (3) Even a test that has been used once is soon
known on the student grapevine. (4) Students will check with their friends to find out, for
example, what was on Dr. Thompson's biology final last term. (5) They may even manage to
turn up a copy of the test itself, "accidentally" not turned in by a former student of Dr.
Thompson's. (6) Teachers should also take some common sense precautions at test time. (7)
They should make students separate themselves--by at least one seat-during an exam, and
they should watch the class closely. (8) The best place for the teacher to sit is in the rear of
the room, so that a student is never sure if the teacher is looking at him or her. (9) Last
of all, teachers must make it clear to students that there will be stiff penalties for cheating.
(10) One of the problems with our…
Chapter 1 Solutions
EBK MANAGERIAL ACCOUNTING
Ch. 1 - (Learning Objective 1) Which of the following...Ch. 1 - (Learning Objective 2) Managerial accounting...Ch. 1 - (Learning Objective 3) Which of the following...Ch. 1 - (Learning Objective 3) Of the following skills,...Ch. 1 - (Learning Objective 4) Which of the following...Ch. 1 - Prob. 6QCCh. 1 - Prob. 7QCCh. 1 - Prob. 8QCCh. 1 - (Learning Objective 5) Which of the following is...Ch. 1 - (Learning Objective 5) All of the following are...
Ch. 1 - Managers responsibilities (Learning Objective 1)...Ch. 1 - Contrast managerial and financial accounting...Ch. 1 - Prob. 1.3SECh. 1 - Prob. 1.4SECh. 1 - Prob. 1.5SECh. 1 - Prob. 1.6SECh. 1 - Violations of ethical standards (Learning...Ch. 1 - Identify current competitive tools (Learning...Ch. 1 - Identify ethical standards violated (Learning...Ch. 1 - Define key terms (Learning Objectives 1, 2, 3, 4,...Ch. 1 - Define key terms (Learning Objectives 1 2)...Ch. 1 - Prob. 1.12AECh. 1 - Identify users of accounting information (Learning...Ch. 1 - Classify ethical responsibilities (Learning...Ch. 1 - Equipment purchase cost-benefit analysis (Learning...Ch. 1 - Lean production cost-benefit analysis (Learning...Ch. 1 - Identify sustainability efforts as impacting...Ch. 1 - Prob. 1.18BECh. 1 - Prob. 1.19BECh. 1 - Identify users of accounting information (Learning...Ch. 1 - Classify ethical responsibilities (Learning...Ch. 1 - Equipment purchase cost-benefit analysis (Learning...Ch. 1 - Lean production cost-benefit analysis (Learning...Ch. 1 - Prob. 1.24BECh. 1 - Management processes and accounting information...Ch. 1 - Ethical dilemmas (Learning Objective 4) Barb Perot...Ch. 1 - ERP cost-benefit analysis (Learning Objective 5)...Ch. 1 - Online order system cost-benefit analysis...Ch. 1 - Continuation of P1-28A: revised estimates...Ch. 1 - Management processes and accounting information...Ch. 1 - Ethical dilemmas (Learning Objective 4) ETHICS...Ch. 1 - ERP cost-benefit analysis (Learning Objective 5)...Ch. 1 - Online order system cost-benefit analysis...Ch. 1 - Continuation of P1-33B: revised estimates...Ch. 1 - Discuss how managerial accounting can be used at...Ch. 1 - Discussion Questions 1. What are the three main...Ch. 1 - Prob. 1.37ACTCh. 1 - Prob. 1.38ACTCh. 1 - Ethics and casual conversations (Learning...Ch. 1 - Using managerial accounting information to manage...
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