Eth 557 Week 4 Dq 1

ETH 557 Week 4 DQ 1

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ETH 557 Week 4 DQ 1
Explain ethical challenges an accountant could face in recognizing revenue for a firm. How could these challenges be addressed?

ETH 557 Week 4 DQ 2

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ETH 557 Week 4 DQ 2
What are some ethical challenges the financial services industry faces? What can be done to mitigate the potential for unethical behavior in the financial services industry?

ETH 557 Week 4 DQ 3

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ETH 557 Week 4 DQ 3
Distinguish between ethical and unethical behavior in a bankruptcy setting.

ETH 557 Week 4 Individual Ethics of Penn

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ETH 557 Week 4 Individual Ethics of Penn
Resources: This week’s Electronic Reserve Readings. Conduct additional research, and then answer each question in two 350- to 700-word responses:
Penn Square Bank: What were the ethical pressures on the firm concerning documentation, credit extension, and revenue recognition that lead to the final collapse? What should have been done to reduce or offset these pressures?
Dow Corning Bankruptcy: What were the business’ ethical challenges involved in filing bankruptcy for Dow Corning? Analyze the actions of the two parent companies, Dow and Corning, that represent the largest ethical issues.