ACC 260 Week 1 - DQ 1 - 7401

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Discussion Question 1

? Due Date: Day 2 [post to the Main forum]
? Post your response to the following: Read the Where Were the Accountants? Ethics Case on pp. 36-37 (Ch. 1) of the text. Answer the question as if you were Sam.
? Respond to your classmates as if you were Norm. How helpful are their responses?


Norm, there are a few bad apples in the accounting profession. Unfortunately, you can have those in any field you work in. I would say that you have been following some interesting cases, and also remind him that these cases are because those individuals did not make have good integrity and use good ethics practices in place. I would suggest for Norm to stay with his plans and still become an accountant. It obvious with everything that you have cited that you know your stuff! You have sound ethics in place already. Since these companies discrepancies regulations were put in place. Here is one of the new regulations which are the Sarbanes-Oxley Act. With this act put in place will help to reduce the unethical issues that were taking place. Now days we need good accountants who have good ethics, trustworthy, and honest. So do not give up on your dream because of a few bad apples.


OR
If I was Sam I would tell Norm that he should continue and still become an accountant.  It is something you love to do and you should do it!  As for the examples you gave me, I definitely can see why you would have some concerns.  In the first example I really cannot answer why the accountants would go along with that.  All I can say is that if you become an accountant be the type of accountant that follows GAAP.  If you are doing what you know is right then you've got nothing to worry about.  In the second example, the only reason that I can think of that the accountants weren't used is because the accountants might be able to disprove what is being said.  They are basically trying to get people to quit smoking by saying that the money for Medicare will run out in just a few years.  However, if accountants were involved they may be able to prove that it will be longer than that before the money runs out.  And in the third example, I definitely agree with you that it would be better to stop the problem before it becomes one.  The only reason I can think of is that is it really isn't a problem until it is a problem.  Although if you were to see something in your job that may potentially become a problem be the kind of accountant you want to be and don't sit back and wait for it to become one.  Step in and do something about it.  All in all I see why you would have concerns but this is something you've always wanted to do, and I don't think you should let a couple of bad situations with accountants turn you away!

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Discussion Question 1

? Due Date: Day 2 [post to the Main forum]
? Post your response to the following: Read the Where Were the Accountants? Ethics Case on pp. 36-37 (Ch. 1) of the text. Answer the question as if you were Sam.
? Respond to your classmates as if you were Norm. How helpful are their responses?


Norm, there are a few bad apples in the accounting profession. Unfortunately, you can have those