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Accounting, Finance, SPSS
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6-1 Discussion: Compromising Situation Listen

Coursework Instructions:
Good evening writer; Thank you for your assistance will all my assignment. as you have done so far a great job for me. Please log in my school account if you needed to complete this assignment for module 6. as part of this assignment, beside my dicussion. I have to respond to two of my peers dicussion as well. My school account information: https://learn(dot)snhu(dot)edu/d2l/login. MY school email. ASK SUPPORT FOR LOG IN INFO INSTRUCTION FOR THE DISCUSSION I HAVE TO COMPLETE AND MATERIAL NEEDED ARE IN MODULE 6. IN MY CLASSROOM. In the accounting field, you may one day be put in a compromising situation in which you question the morality or integrity of the actions taken and future actions that need to be taken. For this discussion, you will discuss possible actions to take when an authority figure/company puts you in a compromising situation. As you read the scenario and answer the questions, consider GAAP principles, continual updates and nuances to methods and GAAP, and GAAP ethics. First, read from Chapter One in your textbook in the Review and Practice section: Critical-Thinking Cases CT1.13 Ethics (Rule Making Issues). Then, address the following questions in your initial post: From your point of view, is there an ethical issued involved in this case? In your own words, explain why there is or is not an ethical issued involved and what the issue is. Is the financial vice president acting improperly or immorally? Why? What does Weller have to gain by advocacy of early implementation? How might stakeholders be affected by the decision against early implementation? Should we hold financial decision makers and companies responsible and why? In your responses to two peers, respond to their initial post and add to the conversation about possible actions to take when an authority figure/company puts you in a compromising situation. Provide examples from personal experience or recent events.
Coursework Sample Content Preview:
Discussion: Compromising Situation Listen Name Affiliation Instructor Course Number & Name Due Date Discussion: Compromising Situation Listen Going through the case, it is evident that there is an ethical conflict surrounding the need for the company to present favorable financial outcomes and the necessity of financial transparency in financial accounting. Karen Weller, on one hand, believes that the early implementation of the new FASB pronouncements would mean higher levels of financial transparency in terms of the company’s earnings and financial health. On the other hand, the vice president holds that delaying the implementation of the new rules would result in favorable financial reports as the rules affects the income to be reported. Therefore, the ethical question in the case is whether the company should prioritize transparent financial reporting or the favorability of the financial reports. Notably, the company’s vice president is not acting in an illegal manner as FASB pronouncement comes with a 12-month grace period. Thus, the company has a waiting period before the implementation of the new pronouncement. Conversely, the vice president’s decision could be considered unethical given that it is motivated by the need to present favorable financial reports to stakeholders. The decision reflects that the vice president prioritizes delivering favorable reports and does n...
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