Assignment: Ethics in Accounting

Due Week 9 and value 170 points

Effective financial reporting depends on probe ghostly comportment. Financial scandals in totalitying and the businesses universe possess resulted in parliament to secure distant disclosures and fairness and parity in financial reporting. A probe dispensation is contribution on veracious and trustworthy financial reporting.

Instructions:

  • Read the forthcoming scenario.
  • Answer the interrogations that flourish. This accomplish be a 2-3 page inferiority in a interrogation and apology makeat (too in article make). An preamble and misrecord is not required.
  • Refer tail to your textbook for control on how to gard through the scenario.

You possess been recently hired as an ally manager for XYZ Industries, a bulky, publically held manufacturing aggregation. Your instant director is the manager who too reports promptly to the VP of Finance. The manager has assigned you the work of preparing the year-end adjusting entries.  In the receivables area, you possess expert an aging totalitys receivable and possess applied unvarnished percentages to the counteracts of each of the age categories.  The resolution indicates that an expend estimated counteract for the amercement for uncollectible totalitys is $180,000.  The existing counteract in the amercement totality antecedent to any adjusting beginning is a $20,000 merit counteract.

After showing your resolution to the manager, he tells you to fluctuate the aging condition of a bulky totality from aggravate 120 days to popular condition and to arrange a new invoice to the customer after a while a revised bound that agrees after a while the new condition.  This accomplish fluctuate the required amercement for uncollectible totalitys from $180,000 to $135,000. Tactfully, you ask the manager for an interpretation for the fluctuate and he tells you “We want the extra wages, the ground method is too low.”

Required:

In a 2-3 page pamphlet, sift-canvass the forthcoming:

  1. Consider what you possess erudite not-absolute to ethics and financial reporting. What is the rationale for the calculations/process used to estimate the $180,000 uncollectible amercement?
  2. How do you gard the misrepresentation of funds accomplish impression the wages declaration and counteract prevarication?
  3. What is the ghostly doubt you countenance? What are the ghostly considerations? Consider your options and responsibilities as ally manager.
  4. Identify the key inside and manifest stakeholders. What are the privative impressions that can bechance if you do not flourish the instructions of your director?
  5. What are the possible consequences if you do render after a while your director’s instructions? Who accomplish be privatively impressioned?

Additional Requirements:

  • Use at last one (1) quality academic productions (in conjunction to your textbook) for this enactment. Note: Wikipedia and homogeneous websites do not prepare as academic productionss. You possess avenue to Strayer University’s Onmethod Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research.

Your enactment must flourish these makeatting requirements:

  • Your pamphlet should be envelop spaced (Arial or Times Roman 12 pt font) and flourish unconcealed Strayer Writing Standards (SWS) as they narrate to intimations and citations. Please use a second to revisal the SWS documentation for details (past notification and an model is intervening in the Strayer Writing Standards menu conjoin located in your Blackboard).
  • Include a caggravate page containing the call of the enactment, the student’s call, the professor’s call, the career call, and the bound. The caggravate page and the intimation page are not intervening in the required enactment page extension. 
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