University : Australian Harbour International College AHIC UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : FNS60217
Country : Australia
Assignment Task :

Assessment Task: Ethics project  (FNS60217)

Task summary 

You are required to write a report on accountancy ethics in the workplace.

This assessment is to be completed in the simulated work environment in the RTO.


Required

  • Access to textbooks/other learning materials

  • Computer with Microsoft Office and internet access

 

PART 1

  1. Write an ethics report.

Assume that you are working as an accountant. You are to complete an ethics report that requires you to identify and resolve situations using complex ethical decision making.

 

PART 2 - Case study:

Andrews Building Supplies is a wholesaler of building supplies and has been in operation for 5 years. The company’s year-end is 30 June and you are finalizing the year-end accounts. 

John the Warehouse and Distribution Manager comes into see you and advises you that a high level of slow-moving stock which has been sitting in the warehouse for 9 months. As per company procedures, when stock is more than 6 months old it is written down.

The company is currently being sold, and the Managing Director (also a shareholder) has advised you not to write down the stock in the year end accounts. 

You consider that this may be because he wishes the financial statements to show a higher stock valuation that entices potential buyers. He has recently had an offer for the business and wants to provide the financial statements based on this. He has also indicated that if the proposed sale goes ahead everyone will keep their jobs and you will get a 10% pay rise. 

 

For case study, complete the following: (FNS60217)

 

  1. Identify and describe the legal requirements and ethical issues associated with the workplace situation. 

  2. Clearly explain the differences between the legal and ethical aspects of the situation, as well as how the differences between the two can impact decision making. 

  3. Identify and analyse relevant ethical framework/s that should be applied to this situation. Describe each of the frameworks and explain why they are relevant to this situation.  

  4. Identify any factors that may prevent the application of the ethical framework to this workplace situation and their importance to the situation. 

  5. According to the organizational policy and procedures that you reviewed, how would this situation be handled?

  6. Identify at least two sources of advice and guidance that can be used to assist in the resolution of ethical issues. Describe each of the sources you have identified and explain why.

 

Assessment Task 1: Written Questions 

Task summary 

  • This is an open book test, to be completed in the classroom.
  • A time limit of 1 hour to answer the questions is provided.
  • You need to answer all of the written questions correctly.
  • Your answers must be word-processed and sent to the assessor as an email attachment. 

 

Required

  • Access to textbooks/other learning materials

  • Computer and Microsoft Office

  • Access to the internet

 

Assessment Task:

  1. Identify three examples of job roles in the financial and insurance services industry where ethical conduct is of key importance. For each example role, explain why ethical conduct is so important.
  2. Identify three examples of unethical accounting.
  3. Explain how financial rewards and incentives can affect an employee’s ability to make ethical decisions.
  4. Explain how organizational culture can affect an employee’s ability to make ethical decisions.
  5. Explain how a specific situation can affect an employee’s ability to make ethical decisions.  Given an example of a situation. 
  6. Explain the theory of cognitive dissonance and its relationship to how individuals may respond when confronted with an ethical situation at work that is inconsistent with their values.
  7. Describe a simple conceptual framework for dealing with ethical dilemmas.
  8. Identify a Code of Ethics relevant to accountants. Explain each of its key principles. 
  9. Explain one way in which unethical behavior in the workplace should be handled. 
  10. Explain two methods that an organization might choose to communicate its ethics, values, and standards to its employees. 

 

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  • Posted on : March 17th, 2019
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