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

  In auditing the balance sheet most revenue and expense

1. an audit in accordance with the single audit act does not involve reporting upon a. compliance with provisions of

  The company incurs a payroll payable of 645 per weekday of

the company incurs a payroll payable of 645 per weekday of operations. the mondays of january are the 3rd 10th 17th

  How technology impacts on the accounting process amp do

how technology impacts on the accounting process? amp do you agree with it or disagree? if you agree reasons for the

  Lifetime learning credits

All of the following statements are true regarding the Lifetime Learning credit except:

  Berts meat market sells quarters and sides of beef on an

berts meat market sells quarters and sides of beef on an installment basis. losses on receivables are very difficult to

  For the past several years emily page has operated a

for the past several years emily page has operated a part-time consulting business from her home. as of june 1 2010

  Davis corporation was authorized to issue 100000 shares of

davis corporation was authorized to issue 100000 shares of 10 par common stock and 50000 shares of 50 par 6 percent

  This exercise tests your understanding of the information

this exercise tests your understanding of the information needed to trace a sale through a multistep erp sales cycle

  Total manufacturing costs assigned to jobs

Compute the predetermined overhead rate for each department and dompute the total manufacturing costs assigned to jobs in January in each department.

  Prepare an incremental analysis for the decision

a. Prepare an incremental analysis for the decision to make or buy the wheels. b. Should Collier Bicycles buy the wheels from the outside supplier? Justify your answer.

  Tom a calendar year taxpayer filed his 2006 federal income

tom a calendar year taxpayer filed his 2006 federal income tax return on april 1 2007. in 2011 the irs audits this

  Saver company produces only one product monthly fixed

saver company produces only one product. monthly fixed expenses are 20000 monthly unit sales are 3500 and the unit

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