Ethical Article Research

The galokkan firm was a medium-sized, gallooth financial institution. The management had a good reputation for backing successful deals, but the CEO had recently moved to shalabuki to be “close to the big-bank center of activity”. He commuted into the galokkan head office for two or three days each week to oversee major deals. Lately the firm's s profitability had decreased, and the management had begun to renegotiate many loans on which payments had fallen behind. By doing so, the firm was able to disclose to them as current, rather than non-performing, as the unpaid interest was simply added to the principal to arrive at the new principal amount. Discussions were also under way on changing some accounting policies to make them less conservative.

a. Read international or local newspaper published in 2015-17.

b. Find news or article on the presentation theme.

c. Present the findings in the tutorial session.

d. The presentation should cover the following elements:-

i. The background of the article and issues.

ii. Explain how and why those issues could happen

iii. Discuss and elaborate the impacted stakeholders, and explain how they are affected. Suggest also how those effects can be mitigated or controlled.

iv. Suggest several initiatives in solving or avoiding the issues.

v. For item (ii), please relate with any theory of ethics.

vi. For item (iii) and (iv), please relate with any accounting, management and finance concepts that you have learned to date.

The galokkan firm was a medium-sized, gallooth financial institution. The management had a good reputation for backing successful deals, but the CEO had recently moved to shalabuki to be “close to the big-bank center of activity”. He commuted into the galokkan head office for two or three days each week to oversee major deals. Lately the firm's s profitability had decreased, and the management had begun to renegotiate many loans on which payments had fallen behind. By doing so, the firm was able to disclose to them as current, rather than non-performing, as the unpaid interest was simply added to the principal to arrive at the new principal amount. Discussions were also under way on changing some accounting policies to make them less conservative.

a. Read international or local newspaper published in 2015-17.

b. Find news or article on the presentation theme.

c. Present the findings in the tutorial session.

d. The presentation should cover the following elements:-

i. The background of the article and issues.

ii. Explain how and why those issues could happen

iii. Discuss and elaborate the impacted stakeholders, and explain how they are affected. Suggest also how those effects can be mitigated or controlled.

iv. Suggest several initiatives in solving or avoiding the issues.

v. For item (ii), please relate with any theory of ethics.

vi. For item (iii) and (iv), please relate with any accounting, management and finance concepts that you have learned to date.

The galokkan firm was a medium-sized, gallooth financial institution. The management had a good reputation for backing successful deals, but the CEO had recently moved to shalabuki to be “close to the big-bank center of activity”. He commuted into the galokkan head office for two or three days each week to oversee major deals. Lately the firm's s profitability had decreased, and the management had begun to renegotiate many loans on which payments had fallen behind. By doing so, the firm was able to disclose to them as current, rather than non-performing, as the unpaid interest was simply added to the principal to arrive at the new principal amount. Discussions were also under way on changing some accounting policies to make