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ACC 291 Week 5 Complete -
DQ1.Discuss an example of a potentially unethical accounting situation and why it is unethical. Discuss how ethics affect a company's financial results.
DQ2.Discuss whether or not the Sarbanes-Oxley Act made a difference in the ethical behavior of companies regarding their financial accounting. Give examples if necessary.
Individual Assignment - Effect of Unethical Behavior Article Analysis
Write a 350- to 700-word article analysis in which you identify situations that might lead to unethical practices and behavior in accounting.
Examine the effect of the Sarbanes-Oxley Act of 2002 on financial statements.
Cite one article from the Electronic Reserve Readings, the Internet, or other resources.
Format your paper consistent with APA guidelines.
Individual Assignment - WileyPLUS Week Five Assignment
Complete the following Week Five WileyPLUS Exercises and Problems:
• Exercise E13-1
• Exercise E13-8
• Exercise E14-1
• Problem P13-9A
• Problem P13-10A
• Problem P14-2A
Learning Team Assignment - Ratio Analysis Memo
Resource: Virtual Organizations
Click the Virtual Organization link on the student website to access the Virtual Organizations.
Select one of the Virtual Organizations as the basis for the assignment.
Obtain faculty approval of your selected organization before beginning the assignment.
Access the information contained in your selected organization’s balance sheet and income statement to calculate the following:
• Liquidity ratios
- Current ratio
- Acid-test, or quick, ratio
- Receivables turnover
- Inventory turnover
• Profitability ratios
- Asset turnover
- Profit margin
- Return on assets
- Return on common stockholders’ equity
• Solvency ratios
- Debt to total assets
- Times interest earned
Show your calculations for each ratio.
Create a horizontal and vertical analysis for the balance sheet and the income statement.
Write a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis. In your memo, address the following questions:
• What do the liquidity, profitability, and solvency ratios reveal about the company’s financial position?
• Which users may be interested in each type of ratio?
• What does the collected data reveal about the company’s performance and position?