I can write the paper I just need some ideas of a situation that might lead to unethical pratices and behaviors in accounting? but not eron I'm sure everyone else is doing that one this is why I need some idea's help please thank you.
There might be something in this whole situation that you can use:
http://www.google.com/search?rlz=1C1GGGE_enUS379US379&aq=2&oq=bell+california+&sugexp=chrome,mod=5&sourceid=chrome&ie=UTF-8&q=bell+california+corruption
Another might be, if you can find a specific example, when the CFO of a small or large company keeps two sets of books ... one for public consumption (!) and one that reflects reality.
2 Foren Corporation had the following transactions pertaining to debt investments.
Jan. 1 Purchased 50 8%, $1,000 Choate Co. bonds for $50,000 cash plus brokerage fees of
$900. Interest is payable semiannually on July 1 and January 1.
July 1 Received semiannual interest on Choate Co. bonds.
July 1 Sold 30 Choate Co. bonds for $34,000 less $500 brokerage fees.
Instructions
(a) Journalize the transactions.
(b) Prepare the adjusting entry for the accrual of interest at December 31
Certainly! Here are some situations that might lead to unethical practices and behaviors in accounting:
1. Pressure to meet financial targets: In a highly competitive industry, there might be a pressure to achieve certain financial targets, such as revenue or profit growth. This pressure can lead to unethical practices, such as manipulating financial statements to make the company's financial performance appear better than it actually is.
2. Conflict of interest: When accountants or individuals entrusted with financial responsibilities have personal interests that conflict with their duty to provide objective and accurate financial information, it can lead to unethical behavior. For example, an accountant could be tempted to hide losses or exaggerate profits to benefit themselves or their associates financially.
3. Lack of proper oversight and controls: Inadequate internal controls and a lack of oversight can create opportunities for unethical practices. For instance, if there are no checks and balances in the accounting process, individuals could easily engage in fraudulent activities without being detected.
4. Incentives and bonuses linked to financial performance: If compensation or bonuses of accountants or employees are directly tied to specific financial goals, it can create a strong incentive to engage in unethical behavior. This might involve manipulating financial data or misrepresenting financial information to achieve those goals.
5. Inadequate ethical training and culture: When organizations fail to prioritize ethics and don't provide adequate training on ethical behavior, it increases the likelihood of unethical practices. A lack of awareness regarding ethical guidelines and values can lead to individuals making decisions that compromise their professional integrity.
Remember, when choosing a situation, it is important to conduct further research and ensure that it aligns with your assignment or paper requirements.