In this course, students focus on core values of the accounting profession such as ethical reasoning, integrity, objectivity, and independence. Topics include economics, price and consumer behavior, business and accounting issues, ethics and information technology, and professional standards.
Analyze ethical challenges in measuring performance.
Explain the financial market events that lead to the 1933, 1934, and SOX acts.
Explain the Agency Problem.
Identify professional standards and responsibilities for Certified Public Accountants.
Price and Consumer Behavior
Explain how the concepts of utility, income, and substitution predict consumer behavior when a price changes.
Apply the concept of elasticity to changes in product price, consumer income, and competitor price.
Analyze the interaction of supply, demand, and price ceilings on the market equilibrium price.
Ethical Situations II
Analyze ethical challenges for information technology.
Analyze ethical challenges in business contracts.
Ethical Situations I
Analyze ethical challenges in bankruptcy.
Analyze ethical challenges in debtor-creditor relationships.
Analyze ethical challenges in revenue recognition.
Analyze the characteristics of the market system and how they operate.
Explain the economizing problem and the models used in economics.
Explain the conditions necessary for market efficiency.
Distinguish between statements made from the perspectives of positive and normative economics.
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While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.