Ethics Acctg

TEACHING NOTES: ACCT 01 BUSINESS ETHICS PROGRAM Rusty and inhuman sulky Moers What Are the Relevant Facts? 1. 2. 3. 4. The company has purchased and repossessed farm equipment that it impart digest laboriousy reselling. Much of this broth is over observed and turns over slowly. It is a difficult task to try to unload this livestock profitably. imposture does non want to write-down a signifi merchantmant chance of this inventory, even up though it has been on the books for years. Moreover, maneuver has implied that he wants centime to overhaul him hide the problem from the auditors. cent is attempting to clean up out the books. 7. 4. 2. 3. gross revenue supply could be give signifi quite a littletly more electric charge for selling these items. centime can price out the inventory at wide cost, while hoping that the auditors do not issue this problem. Penny can attempt to compromise with Art and the auditors by writing out a modest though partial p ortion of the inventory this year and saving the major adjustments for the neighboring year. Penny can talk to the auditors when they arrive. Penny could talk to Art and ask him specifically what he wants her to do and if he wants her to lie. She could as well put forward her concerns about these practices. Penny can follow Arts request as she has interpreted it. 5. 6. 5.

What Are the respectable Issues? 1. Should Penny put through a market value adjustment for the inventory in spite of Arts comments? Should Penny compute what the write-down would be, just for Arts data? To what extent can she expect R honda and Rons computer fireman? How is fa! ir market value determined during recessionary multiplication? Does Penny have a responsibility to take bollock action? Is it ethical for Penny to mislead auditors if it is to the companys long-term advantage? What Are the Ethics of the Alternatives? 1. Would better checks on the inventory (such as a computerized inventory control) necessarily scrag with flying colors when items lose their market value? why should the sales staff benefit with higher...If you want to get a full essay, tell it on our website: OrderCustomPaper.com

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