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Strayer university acc 100 syllabus

15/10/2021 Client: muhammad11 Deadline: 2 Day

Accounting Paper

Assignment: Ethics in Accounting

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. Your answers should result in a 3 page submission.

· Reference back to your textbook for guidance on how to think through the scenario.

· This course requires the use of new Strayer Writing Standards (SWS) . The format is different from other Strayer University courses. Please take a moment to review the SWS documentation for details.

Scenario:

Imagine you are the assistant controller in charge of general ledger accounting at Linbarger Company. Your company has a large loan from an insurance company. The loan agreement requires that the company’s cash account balance be maintained at $200,000 or more, as reported monthly. At June 30, the cash balance is $80,000. You give this update to Lisa Infante, the financial vice president. Lisa is nervous and instructs you to keep the cash receipts book open for one additional day for purposes of the June 30 report to the insurance company. Lisa says, “If we don’t get that cash balance over $200,000, we’ll default on our loan agreement. They could close us down, put us all out of our jobs!” Lisa continues, “I talked to Oconto Distributors (one of Linbarger’s largest customers) this morning. They said they sent us a check for $150,000 yesterday. We should receive it tomorrow. If we include just that one check in our cash balance, we’ll be in the clear. It’s in the mail!”

Questions

1. What is the accounting problem that the Linbarger Company faces?

2. What are the ethical considerations in this case? Provide a rationale for why these are ethical considerations.

3. What are the negative impacts that can happen if you do not follow Lisa Infante’s instructions to wait one more day to post the balance?

4. Who will be negatively impacted if you do comply? Provide a rationale for why these individuals will be impacted.

5. What is one alternative that you could pursue in this scenario? Support your recommendations with the information you learned in this class.

Assignment:

Ethics

in

Accounting

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

cont

ingent

on

truthful

and

reliable

financial

reporting.

Instructions:

·

Read

the

following

scenario.

·

Answer

the

questions

that

follow.

Your

answers

should

result

in

a

3

page

submission.

·

Reference

back

to

your

textbook

for

guidance

on

how

to

think

through

the

scenario.

·

This

course

requires

the

use

of

new

Strayer

Writing

Standa

rds

(SWS)

.

The

format

is

different

from

other

Strayer

University

courses.

Please

take

a

moment

to

review

the

SWS

documentation

for

details.

Scenario:

Imagine

you

are

the

assistant

controller

in

charge

of

general

ledger

accounting

at

Linbarger

Company.

You

r

company

has

a

large

loan

from

an

insurance

company.

The

loan

agreement

requires

that

the

company’s

cash

account

balance

be

maintained

at

$200,000

or

more,

as

reported

monthly.

At

June

30,

the

cash

balance

is

$80,000.

You

give

this

update

to

Lisa

Infante,

the

financial

vice

president.

Lisa

is

nervous

and

instructs

you

to

keep

the

cash

receipts

book

open

for

one

additional

day

for

purposes

of

the

June

30

report

to

the

insurance

company.

Lisa

says,

“If

we

don’t

get

that

cash

balance

over

$200,000,

we’ll

defa

ult

on

our

loan

agreement.

They

could

close

us

down,

put

us

all

out

of

our

jobs!”

Lisa

continues,

“I

talked

to

Oconto

Distributors

(one

of

Linbarger’s

largest

customers)

this

morning.

They

said

they

sent

us

a

check

for

$150,000

yesterday.

We

should

receive

it

tomorrow.

If

we

include

just

that

one

check

in

our

cash

balance,

we’ll

be

in

the

clear.

It’s

in

the

mail!”

Questions

1.

What

is

the

accounting

problem

that

the

Linbarger

Company

faces?

2.

What

are

the

ethical

considerations

in

this

case?

Provide

a

rationale

for

why

these

are

ethical

considerations.

3.

What

are

the

negative

impacts

that

can

happen

if

you

do

not

follow

Lisa

Infante’s

instructions

to

wait

one

more

day

to

post

the

balance?

4.

Who

will

be

negatively

impacted

if

you

do

comply?

Provide

a

rationale

for

why

these

individuals

will

be

impacted.

5.

What

is

one

alternative

that

you

could

pursue

in

this

scenario?

Support

your

recommendations

with

the

information

you

learned

in

this

class.

Assignment: Ethics in Accounting

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. Your answers should result in a 3 page submission.

 Reference back to your textbook for guidance on how to think through the scenario.

 This course requires the use of new Strayer Writing Standards (SWS). The format is

different from other Strayer University courses. Please take a moment to review the SWS

documentation for details.

Scenario:

Imagine you are the assistant controller in charge of general ledger accounting at

Linbarger Company. Your company has a large loan from an insurance company. The

loan agreement requires that the company’s cash account balance be maintained at

$200,000 or more, as reported monthly. At June 30, the cash balance is $80,000. You

give this update to Lisa Infante, the financial vice president. Lisa is nervous and

instructs you to keep the cash receipts book open for one additional day for purposes of

the June 30 report to the insurance company. Lisa says, “If we don’t get that cash

balance over $200,000, we’ll default on our loan agreement. They could close us down,

put us all out of our jobs!” Lisa continues, “I talked to Oconto Distributors (one of

Linbarger’s largest customers) this morning. They said they sent us a check for

$150,000 yesterday. We should receive it tomorrow. If we include just that one check in

our cash balance, we’ll be in the clear. It’s in the mail!”

Questions

1. What is the accounting problem that the Linbarger Company faces?

2. What are the ethical considerations in this case? Provide a rationale for why these are

ethical considerations.

3. What are the negative impacts that can happen if you do not follow Lisa Infante’s

instructions to wait one more day to post the balance?

4. Who will be negatively impacted if you do comply? Provide a rationale for why these

individuals will be impacted.

5. What is one alternative that you could pursue in this scenario? Support your

recommendations with the information you learned in this class.

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