Business, 17.03.2020 04:25 puppylover72

Write a 750 word paper in APA format addressing the four Required questions in the assignment. Specifically indicated if Horizon Corporation CFO is being ethical or not. How would you react if you were Jim Fielding?

Answers: 2

Show answers

Answers

The ethical dilemma faced by Jim Fielding is his superior asking him to use incorrect means to report a profit. On one hand, the company will go into bankruptcy if profits are not reported for 2018, however, on the other hand windowdressing the financial statements is an offence.

The parties involved are Jim, the CFO and the users of the financial statements in general.

While making his decision , Jim should consider the following factors:

- He should consider the long term financial health of the company rather than short term non sustainable profit.

-He should tell the CFO about the consequences of inflating the profits of the company in a wrongful manner.

-He should also inform the CFO about the tax implications of reporting a profit when in reality a loss exists. Tax will have to be paid which will further deplete the company's resources.

-The auditor's might unearth this manipulation and this might lead to a loss of the company's reputation.

If the CFO still insists on sending the inventory to J.B. Sales, Jim should look for opportunities outside the organization as being a part of this financial fraud will jeopardize his career.

Explanation:

The parties involved are Jim, the CFO and the users of the financial statements in general.

While making his decision , Jim should consider the following factors:

- He should consider the long term financial health of the company rather than short term non sustainable profit.

-He should tell the CFO about the consequences of inflating the profits of the company in a wrongful manner.

-He should also inform the CFO about the tax implications of reporting a profit when in reality a loss exists. Tax will have to be paid which will further deplete the company's resources.

-The auditor's might unearth this manipulation and this might lead to a loss of the company's reputation.

If the CFO still insists on sending the inventory to J.B. Sales, Jim should look for opportunities outside the organization as being a part of this financial fraud will jeopardize his career.

Answer from: Quest

answer; i believe the correct answer is (a) motion for change of venue;

Answer from: Quest

Ino me gusta cuando no tengo whats de los demás pero me siento tan cerca a la realidad

Another question on Business

Business, 22.06.2019 05:30

From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?

Answers: 1

Answer

Business, 22.06.2019 22:30

Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *

Answers: 2

Answer

Business, 23.06.2019 01:00

Corporation had a japanese yen receivable resulting from exports to japan and a brazilian real payable resulting from imports from brazil. gracie recorded foreign exchange gains related to both its yen receivable and real payable. did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

Answers: 2

Answer

Business, 23.06.2019 08:00

Which sentence in the passage refers to the "analysis" of a given problem? jeremy is the production manager in a manafacturing company. he has identified a problem in the production process. he has estimated that the problem would lead to a loss of $10,000 and would require time to resolve. further, he has also identified the source of the problem to be the outdated machinery, which might require major repair, if not immediate replacement. finally, jeremy has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.

Answers: 2

Answer

You know the right answer?

Write a 750 word paper in APA format addressing the four Required questions in the assignment. Speci...

Questions