Charged on certain equipment by revising estimated life

Assignment Help Operation Management
Reference no: EM131440156

You are a staff accountant at Outrageous Corporation. The controller of the company, Howard Eino, is concerned that profits reported in the annual report will not meet those forecast at the beginning of the year. He has asked you to decrease the amount of annual depreciation charged on certain equipment by revising the estimated life. When you tell Mr. Eino that you are uncomfortable revising useful life solely to ‘manage’ profit, he responds by saying, ‘oh, everybody does it.’ You realize if you fail to do what your boss requests you may receive a poor performance evaluation, and may even lose your job. You also know this is not appropriate practice. How will you resolve this dilemma? To help think through the problem, you’ve decided to write an outline to record the issues, relevant information, your reasoning, and the course of action you finally decide to take. Though this outline will only be for you, you want to make it complete and well organized so that your thinking will be clear. Write the outline. A successful outline will: 1) Detail all relevant facts pertaining to the dilemma Identify possible courses of action, and how various groups will be impacted by each choice 2) Apply guidelines for ethical decisions 3) Avoid logical fallacies 4) Determine a final course of action 5) Provide a preliminary plan for implementing the decision 6) Be error free and concise.

Reference no: EM131440156

Questions Cloud

Sometimes the cover up is worse then the act : Sometimes the cover up is worse then the act. President Clinton say he did not have sexual relations with that woman "Monica" we all know now what happened. can we hold it against him that he lie? was the attempted escape from the lie more troublesom..
Historic currency exchange rates and time zones : A London based company specializes in tablet is considering to move its chip manufacturing in Taipei, Taiwan to another country considering : historic currency exchange rates, time zones, export infrastructure of the selected country(ies), off-shore ..
How cultivating a virtuous disposition may help achieve goal : Virtues help shape our aspirations for what sort of person we want to be. In an essay of 1,050 to 1,400 words, discuss how cultivating a virtuous disposition may help you achieve your goals.
Thinking about risk management of project management : Thinking about risk management of project management, what do you think are the most important factors to keep in mind and manage when managing risk? Some examples might be communication, schedule management, stakeholder management, etc. What will yo..
Charged on certain equipment by revising estimated life : You are a staff accountant at Outrageous Corporation. The controller of the company, Howard Eino, is concerned that profits reported in the annual report will not meet those forecast at the beginning of the year. He has asked you to decrease the amou..
What would you change about your favorite brand : What is your favorite brand? Do you think the brand can survive with their current strategy? Why or why not? What would you change about your favorite brand?
Hr role in mergers and acquisitions : Review the SHRM video, Once the Deal Is Done: Making Mergers Work, and create an 8-10 PowerPoint slide presentation, with speaker notes, for organizational leaders. By successfully completing this assessment, you will demonstrate your proficiency in ..
Compare and contrast the traditional model : Compare and contrast the traditional model and human service model of employee supervision - What are the seven ways that poor supervision can lead to employee complaints of unlawful supervision (EEO complaints)?
Central warehouse for supplying field service offices : Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors 15,000 units. Southeastern estimates its annual holding cost for this item to be ?$ 22 per unit. ..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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