Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Accounting Paper

05/09/2020 Client: murugan Deadline: 3 days

 


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?



All questions must be answered in the paper. Paper 2-3 pages with references. 

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Writing Factory
Academic Master
Top Academic Guru
Homework Tutor
Homework Guru
Top Quality Assignments
Writer Writer Name Offer Chat
Writing Factory

ONLINE

Writing Factory

I can help you with creating a presentation of one slide for The Word of William Hunter. I will be happy to offer you 100% original work with high-quality standard, professional research and writing services of various complexities.

$25 Chat With Writer
Academic Master

ONLINE

Academic Master

I have super grip on essays, case studies, reports and discussion posts. I am working on this forum from last 6 years with full amount of satisfaction of my clients.

$40 Chat With Writer
Top Academic Guru

ONLINE

Top Academic Guru

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$35 Chat With Writer
Homework Tutor

ONLINE

Homework Tutor

Hello client, I have gone through the project specifications you have provided and I can easily manage the task. I am an experienced writer with diverse Knowledge in Article writing and Rewriting, Dissertations & Thesis writing, reports, case studies, and Literature Review.

$35 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I am a Ph.D. writer with more than 9 years of working experience in Writing. I have successfully completed more than 4500 projects for my clients with their full amount of satisfaction. I will provide you super quality work according to your given requirements and deadline with ZERO plagiarism.

$40 Chat With Writer
Top Quality Assignments

ONLINE

Top Quality Assignments

I am a quality assignment solver who have all the relevant skills to help you to get good grades in your homework and assignments. I promise you I will not let you down and I hope this relationship will continue in long run. Please open your messenger and send me complete details so we can discuss it further.

$55 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Gibbs reflective cycle academic writing - ECON Question - Itu grid channel 100 ghz spacing - Order # 9609 - 1992 filming of a gas chamber execution - Questions and answers to bus 599 strategic management peregrine exam - Distraction vs happiness in fahrenheit 451 - Captains of industry or robber barons document based questions - Fte calculation based on volume excel - The edicts of king ashoka - Bioecological model template - Our planet coastal seas worksheet - Which of the following describes a reason for market research - Employees provident fund act 1952 ppt - Valley park primary school - 18000 lbs to kg - Heat of reaction lab report introduction - A skydiver steps from a high flying helicopter - Power point presentation - 44 andalusian retreat brigadoon - Tukey's hinges spss - Daviess county detention center - News Analysis 3 - Discussion - Tradition is an obstacle to progress quotes - Week 6 - Corporate social responsibility - Management - Abc learning corporate collapse unethical accounting practices - Carnival cruise lines case study solution - Triangle diamond necklace girlfriends guide to divorce - 14 philippine national heroes - Alice in wonderland comprehension worksheet - One nibble everyone knows the law shirt - French review and practice - Tafe sa diploma software - Research for Essay - Aldehydes and ketones lab report conclusion - Digital radio coverage melbourne - Assassin's creed origins the tax master underground entrance - Prelim legal studies notes - Involves managing all aspects of a customer relationship - What does the union operator do - The lottery by shirley jackson analysis questions - Kpk police phone numbers - Inferential research and statistics project part 1 - Design thinking process ppt - Margaret atwood speech analysis - Http domwebserver hitchcock org mbti - Kinky copies may buy a high volume copier - Two types of prewriting penn foster - Discussions(SPORT AND SOCIETY) - Honey spot play script - Last Frontier Discussion - Evergreen rv tesla t3950 - Assets liabilities owners equity revenues and expenses - Discrete mathematics lecture notes ppt - Assignment - La ghaliba illallah meaning - English 101 (Writing & Rhetoric) - St martins school derby - Nsw food authority licence - Lewis vaughn doing ethics 5th edition - Analysis Paper - Beverly hills ninja palm tree scene song - Cann river free camping - Coffee machines big w - Approaches to psychology practice worksheet answers - What does quaint mean in the raven - Need help with english homework - British microlight aircraft association - What are the building blocks of carbohydrates - Course progression map monash 2021 - Watts to db formula - Earth science sol review - Chapter 1 gross income lesson 1.1 straight time pay answers - The adventures of Sherlock Holmes research paper - What is a synthesis claim - Caesar Cypher - Education - Experiment 2 measurement instruments mass volume density answers - What is rich user experience in web 2.0 - 177 waterfall gully road - Which capital budgeting method uses accrual accounting - Decision making styles university of phoenix - VII - Psychological Factors - Week 2 Project Phil - Historical lenses and history's value - Chapter 4 summary the great gatsby - Qc makeup academy brushes - Assignment 2 social control and criminal deviance bullying - What is coke's vision for globalization - First year of College Seminar - Poem Assignment Need By Monday Will Not accept Offers Over 10 - Paper on Green Computing, Bigdata, DataWarehouse Architecture - Assignment 2 social control and criminal deviance bullying - Collins vocabulary for ielts - Price and channel strategy mkt 571 - Economic batch quantity questions