February 4, 2009
Trainer: B. La Rochelle, Ph. D., C. A.
Timeframe: 2 hours
Worth: 25% of your final quality
Note to students: This is a closed-book exam, containing 3 concerns, worth 31 marks in total. Apart from manifold writing elements (pens, pencils and the like), no examination aids will be permitted
PUPIL #: ________________________
Statement of educational Integrity
The School of Supervision does not condone academic scams, an act by a college student that may result in a false educational evaluation of that student or of another student. With out limiting the generality of the definition, educational fraud happens when a college student commits some of the following accidents: plagiarism or perhaps cheating of any kind, usage of books, paperwork, mathematical furniture, dictionaries or perhaps other study aid unless a great explicit written note towards the contrary appears on the to discover, to have in his/her control cameras, radios (radios with head sets), tape recorders, pagers, cell phones, or any other conversation device which has not been previously authorized in writing.
Statement being signed by the student:
I use read the text on academics integrity and I pledge to never have fully commited or attempted to commit academic fraud in this exam.
Note: A great exam with no this fixed statement will not be graded and definitely will receive a level of no.
The following is an edited article actually published in 2002 by www.accounting.smartpros.com:
The Accounting Cycle: Wash, Wash and Rotate
The Mold of Specialist Judgment
Miller's " collectivization of judgment"
By: M. Edward Ketz
Apr 2002 (SmartPros) вЂ” Was the current disorder of the accounting profession expected by an Arthur Andersen partner above 25 years in the past? Has a rule-based profession lessened professional view? ________________________________________
Herb Miller, a retired spouse from Arthur Andersen and a former accounting professor, composed an important dissertation entitled " Collectivization of Judgment, " which first appeared in The Arthur Andersen Chronicle in January 1974 and was after reprinted in Journal of Accountancy. He begins by simply asserting that professional judgment lies in the middle of the accounting profession, simply because few measurements, recognitions, and aggregations of accounting data may be undertaken within an objective vogue. Accounting is basically subjective; hence, accountants must hone all their individual professional judgment to undertake the tasks they take on. Culture holds accountants responsible for their decisions, if in their jobs as business financial officials or as external auditors, hence they should exercise great professional common sense so they can satisfy their duties. After remembering these critical considerations, Miller focuses on the collectivization of judgment. He begins by simply stating that, " View develops from the interaction of education and experience. " However , " the quality of the judgment produced by the discussion of education and encounter is not really automatically certain. " Accounting firms and professional associations such as the American Institute of CPAs take part in various activities that help increase the quality of a person's judgment. Dr . Miller then simply contrasts common sense developed by an occupation vis-Г -vis judgment cultivated by someone that installs systems for a living firm, and he states that the profession's activities simply cannot enhance the quality of personal view nearly just as much as the accounting firm. Essentially, the accounting profession offers taken the route of attempting to improve view by raising the uniformity of accounting standards. Miller argues that merely creating rules under the guise of self-regulation would not enhance professional judgment by individual accountancy firm because it truly replaces common sense with a perception of uniformity, whether uniformity...