User Account

All Pages

Exercise personal judgment

Assignment Help Accounting Basics
Reference no: EM13973206

Suppose a management accountant becomes aware of a confidential but illegal act that has occurred within her company. The management accountant must consider what she is ethically bound to do about this situation. Three alternative responses to this situation are given below. State whether you agree or disagree with each, and briefly detail your reasons. The accountant must remain loyal to the company at all times and should report the occurrence only to appropriate officials within the company. The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provided.

Reference no: EM13973206

Questions Cloud

Explains the surprising statistic stated above : All sages provide both wisdom and inspiration. Since Dasha's speech contained wisdom and greatly inspired her audience, Dasha is a sage.
What should microsoft do to deal with their current issues : What should Microsoft do to deal with their current issues: Data privacy and decline of traditional computers
Identify the final research paper topic. : Identify the source and evaluate the impact of the report, in relation to the media attention and focus on the topic of obesity. How did the report and media coverage create a sense of urgency to move the audience from complacency to action
Examine your plan through a biblical framework : Research the ethical and regulatory issues involved in executing your IMC plan. Describe how you will navigate each of the identified issues. Examine your plan through a biblical framework
Exercise personal judgment : The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provi..
What would be its price relative to the xy inc bond : If CD, Inc., has a bond with a 5.25% coupon and a maturity of 20 years but which was lower rated, what would be its price relative to the XY, Inc., bond? Explain.
Is kinetic energy conserved in all of the experiments : Is momentum conserved in all of the experiments? Please give a complete description with examples as needed supporting your response.
Find the roots of the polynomial : Find the roots of the polynomial - A written part and a Matlab part. The written part will dictate the percentage of the Matlab part in scoring. The written part is closed book closed notes.
Amount of outstanding checks : Sylvan Company wrote checks totaling $26,520 during October and $25,779 during November. $23,460 of these checks cleared the bank in October, and $26,330 cleared the bank in November. What was the amount of outstanding checks on November 30?

Reviews

Write a Review

Accounting Basics Questions & Answers

  A large municipality is considering the enactment of an ad

1.caroline and clint are married have no dependents and file a joint return in 2013. use the following selected data to

  Hodgson companys december 31 2014 balance sheet reports

hodgson companys december 31 2014 balance sheet reports assets of 8500000 and liabilities of 4500000. all of hodgsons

  We normally think of the arts as very different from

we normally think of the arts as very different from technologies in spite of the fact that art with perhaps a few

  Classify the cash flows from given transactions

Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA for transactions that do not affect the statement of cash flows.

  Calculate net sale revenue for october

Jim.com sell books on account $11 each (cost of these book is $16500) on October 10, 2011. One hundred of these book (cost $660) were damange in shipment, so Jim.com later received the damange good as sale return on October 13, Customer paid the b..

  Government regulations or laws

When there are conflicts, how might government regulations or laws tilt the firm toward 'doing good'?

  Complete the companys cash budget for the upcoming fiscal

forest outfitters is a retailer that is preparing its budget for the upcoming fiscal year. management has prepared the

  What does it mean to validate the scorecard in the context

We have noted in the text that it is important to validate the balanced scorecard. What does it mean to validate the scorecard in the context of the retail bank example above?

  Participation in an employer-sponsored plan

If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2010?

  Olgas depreciation expense

Compute Olga's depreciation expense for 2008-2010 assuming the mid-quarter convention applies to all three-year property placed in service during 2008.

  Prepare journal entries for ownership

Prepare the journal entries that Kramer Corporation should record for these transactions and events. Please show me the calculations.

  Food stamps are distributed by governments to qualified

1. the state enacts a statewide business tax to fund general governmental operations. will collection ofthe tax be an

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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