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    Ethical Dilemma by a CPA in a Situation

    How would CPA's feel and what would they do in this situation: The largest moral dilemma as an accounting practitioner is having a client that is HIGHLY optimistic of his company's future income projections and refusing to downscale his numbers to a more realistic valuation. Having said this, the CPA had no choice but to lose

    M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysis at the beginning of the year, Gallant had predicted that the company's earnings would grow by 20% the year. Unfortunately, sales have been less than expected for the year, and Gallant concluded with two weeks of the end of the fiscal year that it would impossible to ultimately report an increase in earning as large as predicted unless some drastic action was taken. Accordingly, Gallant has ordered that wherever possible, expenditures should be postponed to the new year - including canceling or postponing orders with suppliers, delaying planned maintenance and training, and cutting back on end-of - the- year advertising and travel. Additionally, Gallant ordered the company's controller to carefully scrutinize all costs that are currently classified as period costs and reclassify as many as possible as costs. The company is expected to have substantial inventories of work in process and finished goods at the end of the year. Comment on the following questions. Why would reclassifying period costs increase this period's reported earnings? Do you believe Gallant's actions are ethical? Why or not?

    M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysis at the beginning of the year, Gallant had predicted that the company's earnings would grow by 20% the year. Unfortunately, sales have been less than expected for the year, and Gallant

    Manipulating Pricing To Increase Sales: Discounts Ethical

    Some retailers, instead of just pricing something at $100 and charging that price, will set a retail price of $200 and then offer a 50% discount. This might make consumers think they are getting a bargain, even though the final price is $100 either way. Do you think this works? Do you think this is ethical? Explain.

    ethical principles

    1. How do you define an ethical principle? 2. Which ethical principles are most important in an individual ethical framework and which are most important in a business ethical framework? Explain your reasoning. 3. In the hospitality industry, who are the stakeholders affected by management decisions? Explain why? 4. Ho

    Ethical Perspectives Outline

    Write a detailed, one-page outline describing positive ethical perspectives, how they relate to the ethical principles from the attached document, and how a career in hospitality management would reflect ethical decision-making.

    Academic Tunnel Vision

    1-Do you have academic tunnel vision? Part one You have just completed part one of the three intermediate courses and in the second week of number 2.. Prior to your intermediate courses the program was such that it could have easily lured you into something called "tunnel vision". By this I mean that you took the assignments

    Cost allocation

    Ethical Dilemma - Allocation to achieve fairness The American Acupuncture Association offers continuing professional education courses for its members at its annual meeting. Instructors are paid a fee for each student attending their courses but are charged a fee for overhead costs that is deducted from their compensation. Ov

    Sexual harrasment in employee emails

    What do you do if you find out that an employee emails another employee something that maybe considered sexual harrasment? What steps should be taken? What are the ethical responsibilites under these circumstances?

    Different Types of Internet Fraud and How to Prevent Them

    Please help with an assignment by discussing the following questions: Describe the five types of internet fraud, including how they can affect an individuals experience with the website that it occurs on State some practical preventative measures to avoid being a victim of internet fraud?

    Discuss ethical issues facing financial managers in today's contemporary corporate environment. Why does the lack of ethical behavior seem to be so noteworthy in today's financial world when compared to the companies 50 years ago? Provide support for your position.

    Discuss ethical issues facing financial managers in today's contemporary corporate environment. Why does the lack of ethical behavior seem to be so noteworthy in today's financial world when compared to the companies 50 years ago? Provide support for your position.

    Ethical dilemna analysis

    Ethical Dilemma #2 Scheduling people to work second and third shifts (evening and â??graveyardâ?) is a problem in almost every 24-hour company. There can be potentially dangerous issues on the night shift. In addition, ergonomic data indicate the body does not respond well to significant shifts in its natural circadian rh

    Robert Buey became Chief Executive Officer of Phelps Manufacturing two years ago. At the time, the company was reporting lagging profits, and Robert was brought in to "stir things up." The company has three divisions, electronics, fiber optics, and plumbing supplies. Robert has no interest in plumbing supplies, and one of the first things he did was to put pressure on his accountants to reallocate some of the company's fixed costs away from the other two divisions to the plumbing division. This had the effect of causing the plumbing division to report losses during the last two years; in the past it had always reported low, but acceptable, net income. Robert felt that this reallocation would shine a favorable light on him in front of the board of directors because it meant that the electronics and fiber optics divisions would look like they were improving. Given that these are "businesses of the future," he believed that the stock market would react favorably to these increases, while not penalizing the poor results of the plumbing division. Without this shift in the allocation of the fixed costs, the profits of the electronics and fiber optics divisions would not have improved. But now the board of directors has suggested that the plumbing division be closed because it is reporting losses. This would mean that nearly 500 employees, many of whom have worked for Phelps their whole lives, would lose their jobs. If a division is reporting losses, does that necessarily mean that it should be closed? Was the reallocation of fixed costs across divisions unethical? What should Robert do?

    Robert Buey became Chief Executive Officer of Phelps Manufacturing two years ago. At the time, the company was reporting lagging profits, and Robert was brought in to "stir things up." The company has three divisions, electronics, fiber optics, and plumbing supplies. Robert has no interest in plumbing supplies, and one of the fi

    As the layoffs progressed in Michelle Wong's department, things did not go very smoothly. Despite repeated assurances that Polar Health will take care of the laid off employees, give them up to two months notice to prepare their exit, provide six months of free medical coverage, and pay for additional training and an additional one month of severance pay for each year of service, there are still several employees who are showing signs they are quite unhappy and are beginning to drag down the morale of the staff. Michelle has had a nagging suspicion about Jerry Parker and the confrontational manner in which he has been behaving lately. Jerry has been known to fly off the handle at times, make borderline derogatory comments to coworkers, and often acts in a very condescending manner toward his team. Michelle is quite happy to finally be able to get rid of Jerry and wishes the two-month schedule for the layoffs were already over so Jerry would stop making everyone miserable. Michelle has become quite concerned with Jerry's outbursts in the last week or so. His temper has become worse, and several members of his team have complained to Michelle that Jerry's tirades are stressing the department. Rumors have also surfaced that Jerry is refusing to accept his layoff and has made ambiguous comments to one coworker hinting at retribution. Polar Health's privacy policies expressly forbid use of the company's email account for personal use but allow employees to use company computers and networks to send and receive personal emails during lunchtime or other breaks. Polar Health's employee manual clearly states that there is no expectation of privacy in using the company's email account but does guarantee each employee their privacy when using a Web browser to check their personal emails and also send and receive emails during breaks and off hours. Michelle has been monitoring Jerry's use of the company email account and everything seems to be normal. However, in one particular email to an unknown recipient Jerry alludes to revenge against "you know who" and promises to follow up with more information at lunch from his personal email account. Michelle contacts her IT department and verifies that the company's networking specialists could capture the personal email communications that Jerry sends and receives using company equipment. Michelle is torn, however, since such an act would violate company policy. At the same time though, Michelle is concerned for the potential damage Jerry might inflict on Polar Health and, given his unstable temper and egotistical stance, the potential danger he may pose to her or other executives in the company. Critical Analysis 1. If Michelle violates the company privacy policy and it turns out that Jerry was not planning anything serious, under what circumstances would he be able to sue the company for violation of his privacy? Why or why not? 2. What steps should Michelle take to effectively deal with Jerry? (These steps need to fall within statutory law and ethical standards of the organization.) Explain your rationale for each step Michelle should take. 3. As you look back at your career, think about the various situations you have encountered that may have had an ethical component of which you were not conscious at that time. Since hindsight is 20/20, how would you respond differently based on this course? Describe the situation and how you reacted at that time. 4. Based on your experiences describe how you will go about managing your employees differently in the years to come.

    As the layoffs progressed in Michelle Wong's department, things did not go very smoothly. Despite repeated assurances that Polar Health will take care of the laid off employees, give them up to two months notice to prepare their exit, provide six months of free medical coverage, and pay for additional training and an additiona

    Rawls Principles of Justice & Nozick's View of Libertarianism

    1. Contrast John Rawls' two principles of justice. 2. Elaborate the ethical issues involved in advertising such as means of persuasion and deceptive advertising. 3. Explain, compare, and contrast any two of the four prominent theories of justice. 4. Thomas Donaldson and Lee Preston have identified three uses of the stak

    adhere to AICPA ethical standards

    Do you think it would be sufficient to include a statement that you will adhere to AICPA ethical standards or actually spell out those standards? What are the pros and cons of each approach?

    What are the legal questions and ethical dimensions of monitoring employees' use of the Internet during working hours? Does your organization have a policy on this and, if so, what does it state? What are the employees' rights? What are some of the key points of a good policy regarding the use, and monitoring of the use, of the Internet in the workplace?

    What are the legal questions and ethical dimensions of monitoring employees' use of the Internet during working hours? Does your organization have a policy on this and, if so, what does it state? What are the employees' rights? What are some of the key points of a good policy regarding the use, and monitoring of the use, of the

    CFO candidate honesty

    Integrity, especially honesty, is trait number one for being hired as a CFO in corporate America today. How might you assess a job candidate's honesty if were interviewing a potential CFO candidate?

    Ethical Behavior: American Culture

    Ethics are generated from "the fundamental beliefs and value systems developed within a culture." What does that say about American culture?

    Critical Thinking: Ethical Dilemmas

    ETHICAL DILEMMAS Below are several situations that present ethical questions in a business. Discuss each situation: (a) from the strictly legal viewpoint (b) from a moral and ethical viewpoint, and (c) from the point of view of what is best in the long run for the company. Be sure to consider both short and long

    Business enterprises

    1, determine if hacking into a Web site is ever justifiable, applying your theory to a real world case in which someone hacked into a system, including the name of the company and detail. 2, Create a corporate ethics statement for a computer security firm that would allow or even encourage activities like hacking. 3, Discuss i

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