Review the SEC’s Web site at www.sec.gov and the FASB Web site at www.fasb.org.
Review the SEC’s Web site at www.sec.gov and the FASB Web site at www.fasb.org.
Identify the mission and main activities of each organization. What are
the similarities and differences in the roles of each entity? Which of
the principles do you feel is the most important and relevant to the
hotel industry? Explain your answer.
Read the Ethics scenario on p. 14 (Ch. 1) of Hospitality
Financial Management. Then, answer the questions at the end of the
scenario.
Respond to your classmates’ answers by identifying a point with
which you do not entirely agree. Courteously explain your viewpoint.
Discuss your different perspectives. Does your classmate raise points
that you had not considered? What are they?
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