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MAA250is a unit that is released by the International Federation of Accountants. When a student is enrolled in this unit, he/she automatically starts appreciating the ethics that have been laid. Not only this, but it also becomes easier for them to apply and evaluate those in the sphere of decision-making in various disciplines like finance, accounting, and financial planning. While ourfinance assignment helpexperts guide students withethics for financial professional assessments, they cover a lot of imperative topics and concepts. Therefore, it becomes easier for them to write better assignments. Over more than ten years now,My Assignment Serviceshas stood firm with students, whenever they have required our assistance. With our specially-designed reference assignment solutions, every assignment becomes approachable. In this blog, let us talk more aboutMAA250 Ethics for Financial Professionals.
In a 2000-words assignment, you have to analyse the case as if you were a financial professional and how you would approach the problem that has been addressed in the case study. This report will contribute 20% to the overall marks for the unitMAA250.
After you have analysed the case, you need to answer six questions that are asked.
These are theethics for financial professionals' case study. All the answers that you write have to be based on the theories and principles of ethics. Also,APES 110,FASEAand theBanking codeneed to be incorporated in the answers.
Let us see the questions now and how ourfinance assignment helpexperts answered them. In case, you are unclear with any aspects of these questions, you can easily get in touch with us to solve all your doubts.
As per the given case study, Commonwealth Bank boss Ian Narev and acting boss of Austrac Peter Clark have been highlighted. Instances from the case study have been incorporated to substantiate the facts. And the stakeholders who have been impacted here are bank managers, employees, customers, etc.
In answer 2, ourfinance assignment helpexperts explain the concept of ethical relativism, legal positivism, legal moralism, and normative ethics to categorise the actions of the Directors, CEO, and the CFO.
In the second part, our experts underline the huge gap between the expectations of the stakeholders and the competition prevalent in the market.
For answer 3, ourfinance assignment writersemphasised on Kohlberg’s theory of moral development which explores some of the basic questions that were developed by Lawrence Kohlberg. His work is an extension of the work of Jean Piaget that centered around moral reasoning.
As per Kohlberg, six stages are entailed between three different levels. It considers moral development to be a process that occurs throughout the lifespan. With the use of this theory, we categorise the actions of the board, the CEO and the CFO in the given case study.
As per the given facts in the case study, the CEO mentions that it is important that the culture of the bank changes, however, it is difficult to do so.
Using all the knowledge of ethical boundaries, ourfinance assignment writerssuggest some ways to rectify it.
In question 5, we think of several reasons which might have instigated CBA to agree for paying $700M without challenging it through the courts. In addition to this, we also stated the reasons as to why we think that the punishment was not sufficient for them.
For the last question, ourfinance assignment helpexperts first go through the “Banking Code” and then apply codes like APES 110, FASEA, etc to support the fact that the bank has not adhered to the banking code.
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