What ethical issues arise from the request by the ceo

Assignment Help Accounting Basics
Reference no: EM132808438

You are the Controller of a publicly owned company. The company is in financial distress and is looking for ways to cut costs. The CEO approaches you and asks you to lengthen the life used for calculating depreciation of certain specialized equipment from 10 to 15 years. This will substantially reduce depreciation expense. This change would only affect financial depreciation and would have no impact on income taxes paid.

Problem 1: Will the company achieve a cost savings if they implement this plan? Consider both net income and cash flow

Problem 2: What ethical issues arise from this request by the CEO?

Reference no: EM132808438

Questions Cloud

Why do organizations need a formal structure : 1. Why do organizations need a formal structure? 2. Explain three benefits of a typical hierarchical structure.
What is dr berger net income for year six from medical : What is Dr. Berger's net income for Year 6 from his medical practice? Year-end Year 6 bonuses paid to employees in Year 7 $1,000
Case study - mortgage approval time study : Identify circumstances under which would it have been appropriate to select a larger sample. Determine whether a sample of five mortgages is adequate
What are your opinions on a pay survey : What are your opinions on a pay survey? Do you think this is the best way for your company to get data on pay structures?
What ethical issues arise from the request by the ceo : Will the company achieve a cost savings if they implement this plan? Consider both net income and cash flow. What ethical issues arise from this request
What is the nature of a compensation policy : What is the nature of a compensation policy or general benefits package that you would use to balance a healthcare organization's interest and that of your staf
Discuss the purpose of job evaluation : Discuss the purpose of job evaluation and the main steps in conducting job evaluation.
Make some conclusions about the company performance : Make some conclusions about the company's performance. Discuss in detail what was done well and what could be improved in 2021.
Discuss the role of employee training and development : How does employee training and development factor into your organization's strategic planning and contribute to its competitive advantage?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd