Managerial Accounting & Legal Aspects of Business Competency Report

ACCCB/543 Competency 3 – Part 2 Assessment and Rubric Course Title: Managerial Accounting and Legal Aspects of Business Competency Assessment Title: WF Framework Total Number of Points: 100 Assignment Directions: Refer to section “The WH Framework for Business Ethics” of Ch. 2, Business Ethics of Dynamic Business Law for information on the WH Framework. For this assignment, refer to the scenario located in the “Questions & Problems” section of Ch. 2, “Business Ethics” in Dynamic Business Law. This scenario involves Steven J. Trzaska, the head of L’Oreal USA’s regional patent team, and ethical rules and core values of the company. Read the scenario in the textbook and complete the following activity. Create a WH Framework chart, similar to Exhibit 2.1. Refer to L’Oreal’s core values and the primary values in Exhibit 2.3 to determine the guidelines to include in the WH Framework. Write an explanation of how you decided on the list of stakeholders and guidelines to include in your WH Framework.

Address the following questions in your explanation:

• Which stakeholders did Trzaska and the management of L’Oreal cater to? Why?

• What values did L’Oreal’s management choose when they made the decision to fire Trzaska? Why? Address the following self-reflection questions in addition to your explanation:

• How did the WH Framework help you analyze the situation?

• Now that you’ve put together the framework, how does the WH Framework help managers with making business decisions?

• What type of decisions would the WH Framework chart help you make as a manager?

ACCCB/543v1 Competency 3 Rubric Page 2 of 2 Competency Assessment Rubric Assignment/ Performance Criteria 1. WF Framework Chart (weight 10%) 2. Relevant Stakeholders (weight 20%) 3. Values (weight 20%) 4. Analysis: WH Framework (weight 15%) 5. Business Decisions: WH Framework (weight 15%) 6. Manager Decision-Making: WH Framework (weight 20%) Mastery 100% Meets Expectations 85% Not Met 0% Created a WH Framework chart that included a comprehensive, creative, and innovative list of stakeholders and guidelines.

Thoroughly explained the stakeholders that Trzaska and L’Oreal’s management catered to and why from a creative and innovative perspective. Created a WH Framework chart that included a partial list of stakeholders and guidelines. Created a WH Framework chart that included a narrow list of stakeholders and guidelines or did not create a WH Framework chart. Partially explained stakeholders that Trzaska and L’Oreal’s management catered to and why. Narrowly explained or did not explain the stakeholders that Trzaska and L’Oreal’s management catered to and why.

Thoroughly explained the values L’Oreal’s management chose when they made the decision to fire Trzaska and why from a creative and innovative perspective. Partially explained the values L’Oreal’s management chose when they made the decision to fire Trzaska and why. Narrowly explained the values L’Oreal’s management chose when they made the decision to fire Trzaska and why or did not explain values L’Oreal’s management chose when they made the decision to fire Trzaska.

Thoroughly discussed how the WH Framework helped to analyze the situation from a creative and innovative perspective. Partially discussed how the WH Framework helped to analyze the situation.

Narrowly discussed how the WH Framework helped to analyze the situation or did not discuss how the WH Framework helped to analyze the situation. Thoroughly discussed how the WH Partially discussed how the WH Framework helped with making business decisions from creative and business decisions. innovative perspective.

Narrowly discussed how the WH Framework helped with making business decisions or did not discuss how the WH Framework helped with making.

Thoroughly discussed the types of decisions the WH Framework would help a manager make from a creative and innovative perspective. Narrowly discussed the types of decisions the WH Framework would help a manager make or did not discuss the types of decisions the WH Framework would help a manager make. Partially discussed the types of decisions the WH Framework would help a manager make.

Managerial Accounting and Legal Aspects of Business ACCB/543 Competency 3 Assessment Information In this assessment, you’ll participate in scenarios involving business ethics.

In Part 1: Organization Presentation, a scenario puts you in a place to help educate employees at ABC Multinational Company on ethical practices and corporate culture. Although this assessment is required it will not be graded. This assessment is meant to solidify your knowledge. In Part 2: WH Framework, you’ll create a chart to analyze how L’Oreal made a values-based decision.

Assessment Directions -Part 1: Organization Presentation *Step 1: Scenario Review the following scenario which can also be located in the “Questions & Problems” section of Ch. 6, “International and Comparative Law” in Dynamic Business Law.” In an interview published by The New York Times in February 1976, former Lockheed President A. Carl Kotchian defended the payment of bribes by the company as follows: “Some call it gratuities. Some call them questionable payments. Some call it extortion. Some call it grease. Some call it bribery. I look at these payments as necessary to sell a product. I never felt I was doing anything wrong.” More than 30 years later, Reinhard Siekaczek, an accountant employed by Siemens who oversaw an annual budget for questionable payments in excess of $50 million, stated: “I never thought I would go to jail for my company. …We thought we had to do it. Otherwise, we would ruin the company. …People will only say about Siemens that they were unlucky and that they broke the Eleventh Commandment. The Eleventh Commandment is, ‘Don’t get caught.’”

Continue to Step 2: Educate Employees on the Foreign Corrupt Practice Act. **Step 2: Educate Employees on the Foreign Corrupt Practice Act Although this part of the assessment is not graded, you still need to complete it and submit it. The activity is meant to help build your knowledge. You have been hired to assist ABC Multinational Company to help educate employees on ethical practices and corporate culture. More specifically, related to the Foreign Corrupt Practices Act, your role is to prevent situations described in the scenario. Create either a handout, job-aid, poster, or flyer to educate employees on the Foreign Corrupt Practice Act. Complete the following for your educational tool: • • • • • •

Explain what the employees should know regarding the Foreign Corrupt Practices Act. Provide examples of Foreign Corrupt Practices Act violations. Identify company actions or red flags that might indicate violations of the Act. List consequences of violations. Recommend actions to report possible violations.

Describe protections for whistleblowers. Why are they important? How do the protections impact the Act? Submit your assignment. -Part 2: WH Framework **Step 1: Scenario Refer to the section “The WH Framework for Business Ethics” of Ch. 2, Business Ethics of Dynamic Business Law for information on the WH Framework.

For this assignment, refer to the scenario located in the “Questions & Problems” section of Ch. 2, “Business Ethics” in Dynamic Business Law.” This scenario involves Steven J. Trzaska, the head of L’Oreal USA’s regional patent team, and ethical rules and core values of the company. Read the scenario in the textbook and continue to Step 2: WH Framework Chart and Explanation. -Please see screenshot attached **Step 2: WH Framework Chart Create a WH Framework chart, similar to Exhibit 2.1. Refer to L’Oreal’s core values and the primary values in Exhibit 2.3 to determine the guidelines to include in the WH Framework. Write an explanation of how you decided on the list of stakeholders and guidelines to include in your WH Framework. Address the following questions in your explanation: • •

Which stakeholders did Trzaska and the management of L’Oreal cater to? Why? What values did L’Oreal’s management choose when they made the decision to fire Trzaska? Why? Continue to Step 3: Self-Reflection. **Step 3: Self-Reflection Address the following self-reflection questions in addition to your explanation: • • •

How did the WH Framework help you analyze the situation? Now that you’ve put together the framework, how does the WH Framework help managers with making business decisions? What type of decisions would the WH Framework chart help you make as a manager?

MANAGERIAL ACCOUNTING 1 Managerial Accounting and Legal Aspects of Business Samantha Powell ACCCB/543 Willard Berry 06/12/2021 MANAGERIAL ACCOUNTING 2

Managerial Accounting and Legal Aspects of Business Section 1: Organization Presentation Step 1: Scenario Ethical practices and corporate culture define a company. Each decision in the business world is guided by moral conduct. People have different perceptions of moral conduct. Corporate culture is a construct of employees’ beliefs and their behaviors as per those beliefs. This portrays the level of ethical conduct in the organization.

Bribery is one of the gruesome actions that undermine the corporate culture and ethical practices. Bribery is multifaceted and multidimensional; it is perceived differently by different people. A. Carl Kotchian, former Lockheed president, denied corruption claims against his company arguing that the money paid to the Japanese government has been demanded and failure to pay would lead to the disqualification of his company’s products from the market (NYTimes, 1976).

In essence, governments control many companies’ operations through the heavy influence they have over market forces. To Kotchian, bribery meant “admission to a ball game”. Reinhard Siekaczek, a former accountant at Siemens was jailed for allegedly taking part in questionable payments worth $50. This shows the extent to which corruption has become deeply rooted in society. To get ahead some companies deem it necessary to bribe authorities. This is the brush stroke to the painting that is unethical practices and detrimental corporate culture. Ethics and good corporate cultures need to be weaved into companies’ operations.

Step 2: Educate Employees on the Foreign Corrupt Practice Act. In light of these scenarios, companies should aim to educate their employees and staff on corruption. The Foreign Corrupt Practice Act (FCPA) enacted in 1977 prohibits bribery and generally corruption of any form between foreign officials and companies aiming to secure MANAGERIAL ACCOUNTING 3 business in those foreign countries (CRS, 2020). This enactment has been woven into an organizational presentation aimed at educating the employees of ABC multinational company on the detriment of corruption and the impacts it could have on the company. The education tool used for the paper is a handout (View next page).

MANAGERIAL ACCOUNTING 4 Part 2: WH Framework. Step 1: Scenario Step 2: WH Framework Chart. Table 1: WH Framework Stakeholders Ethical Decisions to be Made Customers – Customer centered environment. Prioritize customer satisfaction. Employees – Train employees on ethics. Provide policies to guide conduct. Management – Management needs to ensure employees are equipped with tools necessary for success. Company Owners – Owners need to respect the customers. They should also ensure integrity is prioritized within the company. Community – Operations of the company should be guided by integrity to safeguard the community. Policies should be the checks for integrity adherence. Government – Company operations should be in line with government regulations. The stakeholders were decided based on the company’s operations. The company’s operations impact many people. Those people form the stakeholder’s list. A WH Framework chart needs to address the measures the company is taking to protect the stakeholders. Trzaska catered to the employees and government in his actions. Marginally, his actions also impacted MANAGERIAL ACCOUNTING 5 the community since the employees are part of the community. He felt that they were being forced to file for patents they did not advocate for or believe in. L’Oreal’s management on the other hand catered for the customer’s, management, company owner’s, community, and the customers future. The need for filing these patents was aimed at ensuring the company is safe from infringements thus it would be able to still serve the community in the future while simultaneously looking out for the owners and management interests in the company.

Step 3: Reflection i) How did the WH Framework help you analyze the situation? The framework helped with the identification of the company’s decisions aimed at maintaining ethical standards. It also helped with the identification of who Trzaska aimed to protect through his actions and who the company prioritized in its decisions making. Summative, the WH Framework Was a brushstroke to the painting that is ethical considerations. ii) Now that you have put together the framework, how does the WH Framework help managers with making business decisions? The WH Framework helps management analyze how their decisions would impact different stakeholders. Through this management is able to establish the viability of a decision. In essence, it helps tailor a company’s decision to best serve its different stakeholders. iii) What type of decisions would the WH Framework chart help you make as a manager? A WH Framework would help me establish the best decision-making process. This would be guided by the nature of the ethical predicament the company would be in. The WH Framework would also help me identify the most viable options I have as solutions.

MANAGERIAL ACCOUNTING 6 Reference NYTimes. (1976). Lockheed Ex‐Official Says Initiative in Bribe Cases Came from Japanese. Retrieved from: https://www.nytimes.com/1976/12/20/archives/lockheed-exofficial-saysinitiative-in-bribe-cases-came-from.html Congressional Research Services (CRS). (2020). The Foreign Corrupt Practices Act (FCPA). Retrieved from: https://fas.org/sgp/crs/misc/IF11588.pdf 1. WF Framework Chart 10% of total grade 8.5 Accomplished Created a WH Framework chart that included a comprehensive, creative, and innovative list of stakeholders and guidelines 10 Emerging Created a WH Framework chart that included a partial list of stakeholders and guidelines 8.5 2. Relevant Stakeholders 20% of total grade 0 Accomplished Thoroughly explained the stakeholders that Trzaska and L’Oreal’s management catered to and why from a creative and innovative perspective 20 Emerging Partially explained stakeholders that Trzaska and L’Oreal’s management catered to and why. 17 Beginning Narrowly explained or did not explain the stakeholders that Trzaska and L’Oreal’s management catered to and why. 0 3. Values 20% of total grade 0 < Accomplished Thoroughly explained the values L’Oreal’s management chose when they made the decision to fire Trzaska and why from a creative and innovative perspective. 20 Emerging Partially explained the values L’Oreal’s management chose when they made the decision to fire Trzaska and why.

17 Beginning Narrowly explained the values L’Oreal’s management chose when they made the decision to fire Trzaska and why or did not explain values L’Oreal’s management chose when they made the decision to fire Trzaska. 0 4. Analysis: WH Framework 15% of total grade 12.75 Accomplished Thoroughly discussed how the WH Framework helped to analyze the situation from a creative and innovative perspective.

15 Emerging Partially discussed how the WH Framework helped to analyze the situation. 12.75 5. Business Decisions: WH Framework 15% of total grade 12.75 A Accomplished Thoroughly discussed how the WH Framework helped with making business decisions from a creative and innovative perspective 15 Emerging Partially discussed how the WH Framework helped with making business decisions. 12.75 6. Steven J. Trzaska was the head of L’Oreal USA’s regional patent team, managing the procedure by which the company patented products.

As an attorney barred in Pennsylvania, Trzaska had to adhere to professional rules of conduct established by the Supreme Court of Pennsylvania in addition to rules promulgated by the US Patent and Trademark Office (USPTO). In 2014, L’Oreal S.A, the French parent of company of L’Oreal USA, enacted a global quota of patent applications each regional office had to file each year. Employees were informed that failure to meet the quota would negatively impact their careers and even their continued employment at L’Oreal. Meanwhile, L’Oreal USA simultaneously enacted a rule to increase the quality of patent applications filed with the USPTO.

The second rule led to a decrease in number of patents that could be filed with the USPTO, Trzaska’s team would not be able to fulfill the patent quota. Faced with the problem, Trzaska informed management that his team would not file patents that they did not believe in good faith were patentable. Several weeks after Trzaska’s meeting with the management, he was offered two Page 33 severance packages that he did not accept. Finally, Trzaska was let go.

Trzaska subsequently sued L’Oreal, alleging that he was fired for his refusal to violate ethical rules that regulate the legal profession. Which stakeholders did Trzaska and the management of L’Oreal cater to? Referring back to Exhibit 2-5, what values did L’Oreal’s management choose when they made the decision to fire Trzaska? [Trzaska v. L’OREAL USA, INC., 865 F.3d 155 (2017)].

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