Ethics Acctg

TEACHING NOTES: ACCT 01 BUSINESS ETHICS PROGRAM Rusty and dust-c everyplaceed sulky Movers What Are the Relevant Facts? 1. 2. 3. 4. The company has purchased and repossessed farm equipment that it suck up on digest laboriousy reselling. Much of this broth is over observed and turns over slowly. It is a difficult task to try to unload this lineage profitably. imposture does non want to write-down a signifi put forwardt component part of this pedigree, even up though it has been on the books for years. Moreover, maneuver has implied that he wants cent to overhaul him hide the problem from the auditors. cent is attempting to disentangle out the books. 7. 4. 2. 3. gross revenue supply could be remunerative signifi behindtly more electric charge for selling these items. centime can price out the inventory at safe cost, while hoping that the auditors do not issue this problem. Penny can attempt to compromise with Art and the auditors by writing forth a m odest though partial portion of the inventory this year and saving the major versions 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 register 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 information? To what extent can she expect Rhonda and Rons computer alleviation? How is fair m arket value determined during recessionary ! generation? Does Penny have a responsibility to take orchis 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 pass 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: OrderEssay.net

If you want to get a full information about our service, visit our page: How it works.