Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Point 1: Ann was raised in a traditional Chinese family residing in a small town in China. Ann was very close with her parents. She was always trying to impress them, especially her father who often expressed his hope that she would achieve a higher level of professional success than her parents who didn't have the opportunity for post-secondary education. Ann's dedication and hard work throughout her undergraduate education in China and during graduate school in the United States had finally paid off when she received an offer for a job with a US company. The accounting department was under a great deal of pressure. Fred, the accounting manager, was responsible for making sure the company's accounting records were quickly updated and free of errors so management knew at any point what its position was relative to its goals. Ann's position was created to provide additional support to the accounting department. Fred gave Ann a receipt.
Point 2: It was for a $129 power tool set bought as gift for one of the Company's employees, Ed. Fred mentioned that Ed was a long-time employee who would be retiring soon. It was getting close to month end reporting and Fred asked Ann to input the receipt right away so it could be included in the reports he needed to approve the next day. As she was about to process the transaction Ann realized that Fred had used the purchase card for the gift. She remembered from her training that company policy required this type of spending (gifts) to be paid for with the expense card. Instead, she saw that the purchase card was used. Ann thought that her manager must have mistakenly used the purchase card rather than the expense card to buy the gift. After her lunch break Ann went to Fred's office to discuss the issue. Fred insisted that using the purchasing card for the transaction was proper and he advised Ann that she should record the transaction as an operating expense since he used the purchase card. Ann looked at the receipt and thought about her father's advice on how important it was to build relationships by following orders and respecting superiors.
Questions:
Question 1: Describe Ann's ethical dilemma(s) in this portion of the case.
Question 2: What options did Ann have to respond to this situation?
Question 3: The case discusses aspects of culture that differ between societies (i.e. collectivist vs individualistic or high power distance vs. low power distance societies, etc.). Identify and describe one or more cultural factors that could lead Ann or her boss to take a different path. How might these cultural influences affect Ann's thinking about the dilemma?
HA3011 Advanced Financial Accounting Assignment, Holmes Institute, Australia. Discuss the issue of measurement and provide examples
At the beginning of year 2, a company invested $40,000 in a marketable equity security. At that time the security was appropriately classified as an available-for-sale security. At the end of year 2, the security had a fair value of $28,500. The chan..
What was the approximate amount stolen during the past year and what would be your recommendations to the owner?
McLennan Corporation issued $300,000 of 6.5?% 10?-year bonds. What is the total cash payment for interest for each? 12-month period??
A firm has annual sales of $120 million, $20 million of inventory, and $30 million of accounts receivable. What is its inventory turnover ratio?
If the Indian government unexpectedly announces that it will be imposing higher tariffs on foreign goods one year from now, what will happen to the value of the Indian rupee today?
On March 1, it was discovered that the following errors in the journalizing and posting transations: The receipt of $8,350 for services rendered was recorded as a debt to accounts receivable and acredit to fees earned the purchase of supplies of $310..
Craig's purchased $1,500 in insurance for coverage from July 1 to October 1. Craig's paid $3,500 to employees for work in July. Prepare the journal entry
question retail outlets purchase snowboards from slopes inc. all through the year. however in anticipation of late
On January 1, 2016, Barden Universal issued 12% bonds dated January 1, 2016, with a face amount of $200 million. The bonds mature in 2025 (10 years). Determine the price of the bonds at January 1, 2016. Prepare the journal entry to record the bond is..
Compare and contrast two or more models of health leader assessment and evaluation and analyze the process of capturing metrics for this assessment and evaluation within a health organization. This question has to do with the health care leadership a..
Assume that in year 1, the ending merchandise inventory is overstates by $30,000. If this is the only error in Years 1 and 2, fill in the items below, indicating which items will be understated, overstated, or correctly stated for Years 1 and 2.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd