Ethical Case Study Accounting

Managerial Accounting Chapter 20 Ethical Issue result Study 1.The breakeven gross receipts figure is total revenue equals total expenses, which means because you did not compute the sales force-outs monthly salaries and hardened market cost into account your spread everyplace is showing the come with making more money than it actually will, which could lead to free spending. 2.A comp some(prenominal) commodenot pay commission to sales military force with money the comp some(prenominal) back toothnot afford to spend. There is a self-aggrandising disparity between initially making an delusion and weakness to depict the error. When you first get at an error this can be considered a slip ones mind and things can continue on as usual. When you realize you swallow made a mistake and failed to assuage the situation is where the ethical dilemma comes into to action. As an individual humanity trusted with the well being of a companies financial crop estimates yo u should want to make sure the jobs of others and yourself are stable. In addition, how can your superiors trust you if you can not admit when you are amiss(p) out front all real actions have take place. 3.Mr. Barnhill whitethorn have had the estimates reviewed by other accountants and they may have caught your error and he may praise your fast paced ownership of your mistake and value you more. Mr.

Barnhill shouldnt take responsibility unless he failed to check over the estimates prior to submitting them into the President of the compevery. 4.What Barnhill could have done other than was make sure you knew th e procedure for the task and let you experi! ence if you had any concerns you and him could have gone over the numbers together as soon as you finished calculating them. I reckon that the intern should let Mr. Barnhill know what has happen, before any accidental injury is done. Chapter 21 Ethical Issue Case Study 1. available income is gross profit minus operating expenses plus any other operating revenues. This means with the dismissal of Toby stock, whose yearbook salary is 42,000 and the bookkeeper, whose salary is roughly...If you want to get a complete essay, order it on our website: BestEssayCheap.com

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