It involves an understanding of the virtue of commutative justice and its application to specific business cases. The specific cases in question are to be found in the brief sections at the end of each chapter of the textbook entitled, “Ethics, Fraud and Corporate Governance”. The precise assignment is as follows:
1. Compose a brief paragraph (5 sentences maximum) that explains what commutative justice is. You will need to research this carefully. If you are unclear about this critical starting point, the rest of the essay will not make sense, and you will lose five points from the final grade. Do not rely upon facile Wikipedia type definitions.
2. Read carefully EACH of the above-mentioned end-of-chapter sections.
3. Select three (3) and ONLY three of the end-of-chapter sections that you believe illustrate violations of commutative justice IN THE CONTEXT OF THE PURPOSE OF FINANCIAL ACCOUNTING. Note that NOT ALL of these case studies are directly relevant to this topic. Therefore, in making your selection, you will need to exercise critical judgment, based upon a real understanding of what commutative justice is and how it relates specifically to the purpose financial accounting.
4. For each of the three cases you have selected, write a brief parag raph (5 sentences MAXIMUM) in which you explain how commutative justice has been violated in relation to, and only in relation to, the fundamental purpose of financial accounting.
5. Write a concluding paragraph (5 sentences MAXIMUM) in which you identify the common element in the three cases you have analyzed, and explain, in this context, what you conclude about the centrality of commutative justice to financial accounting. The essay will thus comprise a total of five (5) paragraphs and a maximum total of twenty-five sentences.