1. Write a one page memorandum to a prospective college student about salary expectations for graduates in business. Compare and contrast the expected salaries for accounting (including different subfields such as public, corporate, tax, audit, and so forth), marketing, management, and finance majors. Prepare a graph showing average starting salaries (and those for experienced professionals in those fields if available). To get this information, stop by your school’s career services office; libraries also have this information.
2. Managerial accounting professionals follow a code of ethics. As a member of the Institute of Management Accountants, the managerial accountant must comply with Standards of Ethical Conduct.
Required
1. Identify, print, and read the Statement of Ethical Professional Practice posted.
(Search using “ethical professional practice.”)
2. What four overarching ethical principles underlie the IMA’s statement?
3. Describe the courses of action the IMA recommends in resolving ethical conflicts.