Determine an ethical issue that is involved in the case

Assignment Help Other Subject

Reference no: EM132123576

Question: When the FASB issues new standards, the implementation date is often 12 months from date of issuance, and early implementation is encouraged. Becky Hoger, controller, discusses with her financial vice president the need for early implementation of a standard that would result in a fairer presentation of the company's financial condition and earnings.

When the financial vice president determines that early implementation of the standard will adversely affect the reported net income for the year, he discourages Hoger from implementing the standard until it is required.

Write a response of 750 to 1,050 words in which you answer the following requirements:

• Determine an ethical issue that is involved in this case if any.

• Identify if the financial vice president acting improperly or immorally.

• Explain what Hoger have to gain by advocacy of early implementation.

• Identify who might be affected by the decision against early implementation.

Format your submission consistent with APA guidelines.

Reference no: EM132123576

Questions Cloud

Workplace trends affecting the role of human resources : What are the most important societal and workplace trends affecting the role of human resources currently?

Aligning people with the requirement of new strategy : The author sees removal and replacement as a key element of aligning people with the requirement of a new strategy.

When are warranty contracts considered separately priced : Identify the accounting literature that addresses the accounting for the type of separately priced warranty that Pleasant is considering.

Average inventory level for this optimum production quantity : What is the economic production quantity (EPQ)? What is the average inventory level for this optimum production quantity?

Determine an ethical issue that is involved in the case : When the FASB issues new standards, the implementation date is often 12 months from date of issuance, and early implementation is encouraged.

List and discuss five shortcoming : List and discuss five shortcoming (characteristic or personality) that you may have which hinder you from becoming an effective leader.

Create a simple household budget : Create a simple household budget, including all income and expenses. There are various templates available online to help you do this.

Discuss major differences that can be overcome : Discuss major differences that can be overcome and those that are more difficult to overcome.

Discuss the principle of diversification : Discuss the Principle of Diversification and the benefits of diversification to an investor.

User Account

All Pages