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

oof

explanation:

Answer from: Quest

Many things could be possible

Another question on Business

Business, 22.06.2019 19:30

When it is 4: 00 a.m. in halifax, it is 1: 00 p.m. in karachi, and when it is 9: 00 a.m. in karachi, it is 5: 00 a.m. in warsaw. mary left halifax to fly to karachi, but she accidentally left her watch on warsaw time. according to mary’s watch, she left halifax at 9: 40 p.m. on monday. the local time when she arrived at karachi was 3: 00 p.m. tuesday. how long was mary’s flight? a. 9 hours, 20 minutes b. 13 hours, 20 minutes c. 14 hours, 20 minutes d. 17 hours, 20 minutes

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following occupations relate to a skill category of words and literacy

Answers: 1

Answer

Business, 22.06.2019 20:30

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76

Answers: 1

Answer

Business, 22.06.2019 22:00

Which of the following statements about nonverbal communication is most accurate? a. the meanings of some gestures can vary among cultures b. the way an e-mail, letter, memo, or report looks can have either a positive or a negative effect on a receiver c. the manner in which we structure and use time can reveal our personalities and attitudes d. all statements are accurate

Answers: 1

Answer

You know the right answer?

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

Questions