below in the attachment are three questions. Its Managerial Accounting related.

WEEK 3 Homework Questions Topic: Ethics in Management Decision Making Question 1 The unethical use of accounting information (Case 1.42 in Langfield-Smith text) Enron was a large US energy company which failed spectacularly in late 2001 after being involved in extensive accounting fraud. Required: 1. Search the internet and identify the unethical actions of Enron's accountants and auditors. 2. Which of the principles set out in the Accounting Professional and Ethical Standards Board (APESB)'s Code of Ethics for Professional Accountants did these actions contravene? Question 2 End-of-financial-year actions Marie Sommers is the new division management accountant of the snack foods division of Superior Foods. The division has reported annual earnings growth of more than 20% each year in the past five years. During the current year, the economy went into a recession. One month before the 30 June financial year-end of the current year, Marie estimates that the division will report an annual earnings growth of only 8%. Zac Haast, the division manager, is not happy and suggests that the following 'end-of-financial-year actions' need to be taken: a. Deferring June's routine monthly maintenance on packaging equipment by an independent contractor until July b. Extending the close of the current financial year beyond 30 June so that some sales of next year are included in the current year c. Altering dates of shipping document of next July's sales to record them as sales in June of the current financial year d. Giving sales people a double bonus to exceed June sales targets e. Deferring the current period's advertising by reducing the number of television spots run in June and running more than planned in July f. Deferring the current period's reported advertising costs by having the advertising agency delay billing June advertisements until July or by having the agency alter invoices to conceal the June date g. Persuading carriers to accept merchandise for shipment in June of the current financial year although they normally would not have done so Required: 1. Classify each of the actions as acceptable or unacceptable, according to the Code of Ethics for Professional Accountants. 2. What should Sommers do if Haast suggests that these actions are taken in every division of Superior Foods, and that she will greatly harm the snack foods division if she does not coorperate? 1 Question 3 Ethical decision making model HighLight is an online company that sells lighting products to both the building industry and individual consumers. As a result of its very competitive price schemes, HighLight has developed an extensive customer base, which is reflected in its burgeoning database of customer details, purchasing history and Web usage data. Recognising that this data is potentially valuable to third parties, HighLight's directors discuss the prospect of selling its customer database to a large insurance company, thus allowing the insurance company to target advertising and mailouts about home and contents insurance packages to home owners. The directors are split on the issue some view this as an exciting way to add value to their customers, through customised product offerings, while others see it as a gross misuse of information that is not in keeping with the original purpose for which the data were gathered. You have been engaged by HighLight as an ethics consultant and asked to advise the organisation on the possibilities that exist to resolve the boardroom debate. Required Work through the 5 steps of the ethical decision-making model presented in the lecture to evaluate what course of action HighLight should take. 2