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Posted: January 5th, 2023
Master of Professional Accounting Assignment
Principles of Accounting
A) Assessment: Case study Individual
Word limit: 2,000 words
General requirements:
This case study assignment is individual based. Each student is to answer all of its required questions and then present their written work by specifically listing the headings as Case Study 1- Answer (a), Case Study 1 – Answer (b), etc.
The font type should be Times New Roman with a size of 12 and paragraph space 1.5.
Case Study 1: (page 194 of the prescribed text) – 8 marks
(Ethics and governance)
The impact of a bonus incentive scheme on the financial statements
Case Study 2: (page 358 of the prescribed text) – 8 marks
(Ethics and governance)
Ethics refers to the principles, values, and standards that guide the behavior of individuals or organizations. In the context of business, ethics refers to the moral principles that govern how a company conducts itself, including how it treats its employees, customers, and the community.
Governance refers to the systems and processes by which a company is directed and controlled. This includes the structures and practices that are put in place to ensure that a company is managed in a responsible and transparent manner.
Good governance is essential for the long-term success of a company, as it helps to ensure that the company’s operations are conducted in a responsible and ethical manner. This can help to build trust with stakeholders, including employees, customers, shareholders, and the community.
Effective governance also helps to ensure that a company is compliant with relevant laws and regulations, which can help to protect the company from legal and reputational risks.
Some key elements of good governance in the business context include:
Transparency: This refers to the practice of being open and honest about the company’s operations and decision-making processes.
Accountability: This refers to the responsibility of the company’s leaders and employees to be accountable for their actions and decisions.
Responsibility: This refers to the obligation of the company to act in a manner that is responsible and ethical, and to consider the impact of its actions on stakeholders.
Fairness: This refers to the principle of treating all stakeholders fairly and equally, without discrimination.
Integrity: This refers to the practice of acting with honesty and honesty, and upholding the company’s values and principles.
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