Investigate potential ethical outcomes for the proposal

Assignment Help Accounting Basics

Reference no: EM132694195

Question - Lee is the accountant of a large company with three major operating divisions. Lee's son works part-time in the company's Leisure Division.

The Leisure Division is failing to reach its performance targets. The Leisure Division manager, Mandy, is worried that senior management will reduce staffing levels in the Leisure Division so she suggested that Lee could change the allocation of computer processing costs to increase the Leisure Division's profit. She stressed that is Lee did not comply his son would probably lose his part-time job.

Lee identified the key stakeholders as the employees of Leisure Division and managers of other divisions.

Required - Investigate potential ethical outcomes for the proposal to change an accounting method. You should consider the stakeholders identified by Lee (and only those stakeholders) and evaluate the outcome in terms of objectivity as defined in the APES 110 Code of Ethics for Professional Accountants.

Reference no: EM132694195

Questions Cloud

Determine the balance of the Inventory account at September : Griffin Company purchases and resells various electronics to consumers. Determine the balance of the Inventory account at September 30

How do you put together a partial balance sheet : How do you put together a partial balance sheet for Village Pet Shelter at December 31 showing how this information should be presented

How do you put together a bank reconciliation for conneaut : How do you put together a bank reconciliation for Conneaut Lake Boat Company at September 30, 2021. What journal entries are necessary as a result

The Health Care Market : Analyze the current health care delivery structure in your state. Compare and contrast the major determinants of health care market power.

Investigate potential ethical outcomes for the proposal : Investigate potential ethical outcomes for the proposal to change an accounting method. You should consider the stakeholders identified by Lee

Determine the amount of overall materiality for the audit : You also know that IBT in the 4th quarter increases by 25% over the 3rd quarter. Determine the amount of overall materiality for the audit

Justify the channels of communication the organization : Justify the channels of communication the organization should use in implementing this change.

Compute the predetermined overhead rate : The company uses direct-labour hours as the basis for applying overhead. Overhead is estimated to be $300,000. Compute the predetermined overhead rate

Vaccine For COVID-19 : Several pharmaceutical companies around the world are racing to develop a vaccine for COVID-19.

User Account

All Pages