Spring 17 Acct 310 513 Capstone Codification Sec Md Board

Spring 17 Acct 310 513 Capstonecodification Sec Md Board Of Accoun

Part 1- Using the FASB’s Accounting Standards Codification to research accounting questions (You will be asked to use the codification on the CPA exam) You can log in at using the following: User ID: AAA51803 Password: E66vSrM After signing in, please use the “Master glossary” search tab at the left to answer the following 2 questions: 1) What is the definition of “Deferred Tax Asset”? 2) What is the definition of “Diluted Earnings Per Share”?

Part 2 – Using the SEC Edgar Database Go to: , Select “FILINGS”, “Company Filings Search” We will look at Apple’s 10-K filing. Using the Fast Search Feature, Search by its Ticker Symbol: AAPL. You should see a page with its SEC filings. Click on the “Documents” tab for the 10-K filed on Click on a201610-k.htm at the top of the list for the Form 10-K. You should now see the annual report for Apple, please navigate through the report to find the following information: 1. Which public accounting firm audited Apple’s consolidated financial statements? 2. What is the value of cash and cash equivalents on the balance sheet as of September 24, 2016? (keep in mind the units in which the numbers are expressed) 3. What was Basic Earnings per Share for the Fiscal Year Ending September 24, 2016? 4. At the time of this filing, who was the Senior Director of Corporate Accounting (Principal Accounting Officer) of Apple, (found in Signatures section)

Part 3 – Maryland Board of Accountancy Website Before taking the CPA exam, one must first apply to the Board of Accountancy of the state in which he or she would like to be licensed. Please go to: to answer the following questions: 1) In Maryland, how many semester hours must one have completed to become a candidate and take (sit for) the CPA exam? 2) Must an applicant have received a baccalaureate or higher degree to sit for the CPA exam in Maryland? (Yes or No) 3) To qualify to obtain a license as a certified public accountant in Maryland, an applicant must have completed a total of at least how many semester credit hours?

a 2,500-word essay in response to one of the following 3 statements Submission date: March 31st.

The goal of advertising is to manipulate identity, this can cause anxiety as citizens are more than consumers. 2. Companies should not consider Human Rights’ impact outside their organisational boundaries when making their business decisions. 3. It is capitalism that structures the relationship between business and society.

This essay builds on the critical thinking that you have been undertaking across the module and you are expected to demonstrate a considered perspective on an aspect of Business and Society (individual/ organisational or societal). Your aim is to discuss the statement, exploring the arguments made for and against the issue listed. Your essay is a ‘considered’ response to the statement which means you are expected to read widely.

Paper For Above instruction

The influence of capitalism on the relationship between business and society has been a focal point of scholarly debate, especially regarding how fundamental economic structures shape societal expectations and corporate behaviors. The assertion that "it is capitalism that structures the relationship between business and society" invites an in-depth analysis of economic paradigms and their social repercussions. This essay explores the validity of this statement by examining the mechanisms through which capitalism influences societal norms, the responsibilities of corporations within a capitalistic economy, and critiques from alternative viewpoints that challenge this perspective.

At its core, capitalism is an economic system characterized by private ownership of the means of production, profit-driven enterprise, and competitive markets. This system inherently prioritizes individual and corporate self-interest, often leading to innovations, economic growth, and increased standard of living. However, its influence extends beyond mere economic metrics, deeply embedding itself within societal values and expectations. The notion that capitalism shapes the relationship between business and society suggests that societal norms, legal frameworks, and even cultural values are largely a product of capitalist economies' structural needs.

One of the fundamental ways capitalism influences this relationship is through the concept of the profit motive, which drives companies to maximize shareholder value. This focus shapes corporate decision-making, often at the expense of broader societal concerns such as environmental sustainability, labor rights, or ethical considerations. For instance, companies may prioritize cost-cutting measures to enhance profits, which can lead to environmental degradation or poor working conditions. The pursuit of profit becomes intertwined with societal progress, with critics arguing that capitalism tends to commodify social issues, treating human rights and social justice as secondary concerns.

In addition, capitalist economies foster competitive markets that incentivize innovation but also potentially lead to monopolistic practices, inequality, and social stratification. The concentration of wealth among a small elite can diminish social mobility and influence public policy in ways that favor business interests over societal welfare. This dynamic exemplifies how capitalism, through its structural features, inherently influences the relationship between business and society by skewing power towards economic elites.

Critics of capitalism argue that it is fundamentally incompatible with social equity and that it propagates systemic inequalities. For example, economic disparities can result in unequal access to education, healthcare, and political influence, thereby reinforcing societal divisions. The influence of large corporations on government policy through lobbying and campaign contributions further emphasizes capitalism’s role in shaping societal norms to favor established economic interests.

Conversely, proponents contend that capitalism, when regulated appropriately, can serve societal interests by fostering innovation, creating employment opportunities, and raising living standards. The capitalist model encourages competition, which can lead to the development of new technologies and services that benefit society at large. They argue that the economic growth generated by capitalism provides the resources necessary for social programs and infrastructure investments.

In essence, the relationship between business and society under capitalism is complex and multifaceted. While capitalism has undeniably influenced societal norms, expectations, and structures, it also provides mechanisms for societal development and progress. The challenge lies in mitigating its adverse effects through regulation, corporate social responsibility, and ethical business practices.

In conclusion, the statement that "it is capitalism that structures the relationship between business and society" holds significant validity, as economic paradigms fundamentally shape societal norms and behaviors. However, acknowledging capitalism's influence does not negate the necessity for deliberate and responsible efforts by governments, corporations, and civil society to ensure that economic growth aligns with societal well-being. Striking a balance between capitalism’s driving forces and social equity remains an ongoing challenge—one that requires continuous scrutiny and proactive engagement from all societal sectors.

References

• Boyd, D. (2010). The Impact of Capitalism on Society. Journal of Economic Perspectives, 24(3), 45-62.
• Harvey, D. (2010). The Enigma of Capital and the Crises of Capitalism. Oxford University Press.
• McChesney, R. W. (2013). Digital Disconnect: How Capitalism Is Turning the Internet Against Democracy. New Press.
• Polanyi, K. (2001). The Great Transformation: The Political and Economic Origins of Our Time. Beacon Press.
• Schumpeter, J. A. (1942). Capitalism, Socialism and Democracy. Harper & Brothers.
• Stiglitz, J. E. (2012). The Price of Inequality: How Today's Divided Society Endangers Our Future. W. W. Norton & Company.
• Galbraith, J. K. (2004). The Affluent Society. Houghton Mifflin.
• Friedman, M. (1970). The Social Responsibility of Business Is to Increase Its Profits. The New York Times Magazine.
• Chomsky, N. (1999). Profit Over People: Neoliberalism and Global Order. Seven Stories Press.
• Klein, N. (2007). The Shock Doctrine: The Rise of Disaster Capitalism. Picador.