ACCT 346 (Introduction to Managerial Accounting)Week 1Discussion 1 Ethics and Et

ACCT 346 (Introduction to Managerial Accounting)Week 1Discussion 1 Ethics and Ethical Behaviour (graded)The Sarbanes-Oxley Act of 2002 (SOX) has emphasized the importance of ethical ehaviour and codes of conduct. Discuss the costs and benefits of the ethical environment. If a poor ethical environment results in costs to an organization what are they?Conversely what are the benefits of a good ethical environment?Discussion 2 Managerial and Financial Accounting (graded) Flexibility timeliness and forward looking is said to be the prominent trait of modern management accounting whereas standardization and consistency describe financial accounting. Explain why the focus on thesetwo accounting systems differs.Week 1 Assignment:ACCT 346 Week 1 Course Project Part 1