What is nies ethical dilemma

Assignment Help Accounting Basics
Reference no: EM13691228

Midwest Health Club (MHC) offers 1-year memberships. Membership fees are due in full at the beginning of the individual membership period. As an incentive to new customers, MHC advertised that any customers not satisfied for any reason could receive a refund of the remaining portion of unused membership fees. As a result of this policy, Richard Nies, corporate controller, recognized revenue ratably over the life of the membership. MHC is in the process of preparing its year-end financial statements. Rachel Avery, MHC's treasurer, is concerned about the company's lackluster performance this year. She reviews the financial statements Nies prepared and tells Nies to recognize membership revenue when the fees are received.

What is Nies's ethical dilemma?
What are the alternative solutions? Weigh the impact of each on various stakeholders.
Who are the stakeholders? How are they impacted by Nies's actions?

Reference no: EM13691228

Questions Cloud

Calculate the gibbs energy entropy and enthalpy of mixing : Calculate the Gibbs energy,entropy, and enthalpy of mixing when 1 mole C6H14(hexane) is mixed wth 1 mol C7
Develop and simulate in matlab model : Develop and simulate in matlab model of trash to steamp lant in Baltimore
Current issues in tax accounting : Current Issues in Tax Accounting
How do you plan to validate the data after acquiring it : What diplomatic strategies should you use with the network administrator and what privacy issues might be a concern with bank records (bank account numbers, customer names, etc.)?
What is nies ethical dilemma : What is Nies's ethical dilemma?
Describe each transaction : Describe each transaction that occurred for the month.
Tax for certain children who have unearned income : TAX FOR CERTAIN CHILDREN WHO HAVE UNEARNED INCOME
Valuation method selection : Valuation method selection.
A waste of time for accounting students : Financial accounting theory is just a waste of time for accounting students?

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