Illustrate what are the consequences of not telling

Assignment Help Financial Accounting

Reference no: EM13128378

You are an accountant in the budgetary, projections, and special projects department of American Conductor, Inc., a large manufacturing company. The president, William Brown, asks you on very short notice to prepare some sales and income projections covering the next 2 years of the companys much heralded new product lines. He wants these projections for a series of speeches he is making while on a 2-week trip to eight East Coast brokerage firms. The president hopes to bolster Americans stock sales and price.
You work 23 hours in 2 days to compile the projections, hand deliver them to the president, and are swiftly but graciously thanked as he departs. A week later you find time to go over some of your computations and discover a miscalculation that makes the projections grossly overstated. You quickly inquire about the presidents itinerary and learn that he has made half of his speeches and has half yet to make. You are in a quandary as to what to do.
Address the following questions:

1. Please define the word ethics and summarize what issues/ramifications might apply to this example.

2. What are the consequences of telling the president of your gross miscalculation, both ethical and non-ethical?

3. What are the consequences of not telling the president of our gross miscalculations, both ethical and non-ethical?

4. Are there other ethical implications or issues that you and the president need to consider in this situation?

Reference no: EM13128378

Questions Cloud

Jake a traitor : Study Questions 1. Is Jake a traitor to his own people? Why or why not? What does the film want us to conclude? Do you agree? 2. Is the underlying philosophy of the film mostly one of ethical relativism or soft universalism? Explain.

Sketching of function knowing its derivative : The function f is differentiable on the interval [-1,1]. The table shows the values of f' for selected values of x. Sketch the graph of f, approximate the critical numbers, and identify the relative extrema.

How many carbon atoms does the sample contain : A sample of ethanol (C2H5OH) has a mass of 43.8 g.(a) How many carbon atoms does the sample contain?

How sample indicate that insurance company should change : Does this sample indicate that the insurance company should change its premiums because life expectancy has increased?

Illustrate what are the consequences of not telling : Illustrate what are the consequences of not telling the president of our gross miscalculations, both ethical and non-ethical? Are there other ethical implications or issues that you and the president need to consider in this situation?

Graphing from derivative : Please sketch a graph of a function f have the indicated characteristics. Please explain.

Net cash flow from financing activities : repayments of long-term borrowings of $3.5 million, interest payments of $780,000, repurchase of treasury shares of $500,000 and cash dividends declared of $1.1 million. Net cash flow from financing activities equals.

What the molarity of the naoh solution is : 25.0 ml of 0.212 M NaOH ia neutralized by 13.6 ml of an HCl solution. The molarity of the NAOH solution is?

Find probability of selling at least four properties in week : The chance of selling any one property is independent of selling another property. Compute the probability of selling at least 4 properties in one week.

User Account

All Pages