Tag: behavior

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Writers Solution

Quite rightly, we do not normally take the behavior of animals as a model for how we may treat them” (Singer & Mason 773).

  • The q Quite rightly, we do not normally take the behavior of animals as a model for how we may treat them” (Singer & Mason 773).
  1. “Quite rightly, we do not normally take the behavior of animals as a model for how we may treat them” (Singer & Mason 773).   
  2. “A land ethic, then reflects the existence of an ecological conscience, and this in turn reflects a conviction of individual responsibility for the health of the land” (Leopold – The Land Ethic p.124).
  3.  “With consistency, a great soul has simply nothing to do” (Emerson self reliance p.7). 
  4. “Yet he does not know what to do with the time he saves, and spends one part of his income to kill the time he is so proud of having saved” (Fromm 331).
  5. “It is a peculiar sensation, this double-consciousness, this sense of always looking at one’s self through the eyes of others, of measuring one’s soul by the tape of a world that looks on in amused contempt and pity” (Du Bois – Of Our Spiritual Strings p.2).  
  • The Quotes from the book: A world of Ideas
  1. “Let us finally consider how naïve it is altogether to say: ‘Man ought to be such and such’” (Nietzsche – Morality as Anti-Nature p.350).
  2. “It is much safer to be feared than to be loved when one of the two must be lacking” (Machiavelli  – The Qualities of The Prince p.227).
  3. “If you want to govern the people, you must place yourself below them, if you want to lead the people, you must learn how to follow them” (Lao-tzu Thoughts from the Tao-te Ching p.213-214).
  4. “For to be subject to appetite is to be a slave, while to obey the laws laid down by society is to be free” (Rousseau – The Origin of Civil Society p.253).
  5. “As I read and contemplated the subject, behold! that very discontentment which Master Hugh had predicted would follow my learning to read had already come, to torment and sting my soul to unutterable anguish”  (Douglass – From Narrative of The Life p.334)
Categories
Writers Solution

Effective financial reporting depends on sound ethical behavior.

Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting.

Instructions:

  • Read the following scenario.
  • Answer the questions that follow. This will be a 2-3 page submission in a question and answer format (also in paragraph form). An introduction and conclusion is not required.
  • Refer back to your textbook for guidance on how to think through the scenario.

You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company. Your immediate supervisor is the controller who also reports directly to the VP of Finance. The controller has assigned you the task of preparing the year-end adjusting entries.  In the receivables area, you have prepared an aging accounts receivable and have applied historical percentages to the balances of each of the age categories.  The analysis indicates that an appropriate estimated balance for the allowance for uncollectible accounts is $180,000.  The existing balance in the allowance account prior to any adjusting entry is a $20,000 credit balance.

After showing your analysis to the controller, he tells you to change the aging category of a large account from over 120 days to current status and to prepare a new invoice to the customer with a revised date that agrees with the new category.  This will change the required allowance for uncollectible accounts from $180,000 to $135,000. Tactfully, you ask the controller for an explanation for the change and he tells you “We need the extra income, the bottom line is too low.”

Required:

In a 2-3 page paper, discuss the following:

  1. Consider what you have learned relative to ethics and financial reporting. What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance?
  2. How do you think the misstatement of funds will impact the income statement and balance sheet?
  3. What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller.
  4. Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor?
  5. What are the potential consequences if you do comply with your supervisor’s instructions? Who will be negatively impacted?

Additional Requirements:

  • Use at least one (1) quality academic resource (in addition to your textbook) for this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. You have access to Strayer University’s Online Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research.

Your assignment must follow these formatting requirements:

  • Your paper should be double spaced (Arial or Times Roman 12 pt font) and follow general Strayer Writing Standards (SWS) as they relate to references and citations. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards menu link located in your Blackboard).
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.