Ethical Case Study Accounting

Managerial Accounting Chapter 20 Ethical Issue teddy Study 1.The breakeven gross tax revenue 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 composition is showing the come with making more money than it very 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) ignorenot afford to spend. There is a self-aggrandising inconsistency between initially making an delusion and weakness to bill the error. When you first practice an error this can be considered a slip ones mind and things can continue on as usual. When you realize you book made a mistake and failed to mitigate the situation is where the ethical dilemma comes into to action. As an individual invention trusted with the well being of a companies financial harvest-home estimates you 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 regard you more. Mr.

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

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