Milestone Assessment -managerial accounting

Milestone Assessment

1. Describe how an understanding of managerial accounting would be helpful to a small business owner. What are the typical similarities and differences between the two types of accounting?

2. Describe, at a minimum, 12 basic Ethical Principles in Business. Give an example for each one. Example: Fairness- Every employee should have the same opportunities and be treated exactly the same; for example, Bob is responsible for delegating work tasks and one task is to scrub the toilets. Nobody wants to scrub the toilets because it is yucky! Bob gives the easier and cleaner paper shredding job to his friend and the toilet scrubbing job to another employee who is not his friend. Bob is not treating all employees exactly the same, but is instead showing partiality to his friend.

3. Most, if not all, major corporations have a code of ethics or a code of conduct. Read Google’s Code of Conduct (click blue for Code) and answer the following questions:
   a. What is the basic foundation for their code of conduct? What message are they trying to convey through their code of conduct?
   b. Do you think differently about Google after reading their document?
   c. Do you think corporations should have a code of ethics or a code of conduct? Why?