Business Finance Homework Help

Part 1

Assume you are an accounting manager at a mid-size company. The CEO asks you to omit or leave out certain financial figures from the Balance Sheet that would reflect negatively on the company to investors and the public. Because this request does not involve a direct manipulation of amounts or records, would you agree to this request? What ethical considerations exist for you in determining a course of action?

Incorporate concepts from this week’s lecture in your post. Your main post should be at least 250 words in length. Respond to at least two of your classmates’ posts.

Part 2

The IMA Statement of Ethical Professional Practice includes a confidentiality standard that requires members to “keep information confidential except when disclosure is authorized or legally required.” In the discussion of loyalty in chapter 1, a statement is made that “your ethical obligation is to report what you have observed to your supervisor and let her take the appropriate action.” Do you think there are any circumstances when you should go outside the company to report financial wrongdoing? If so, to what person/organization would you go? Why? If not, why would you not take the information outside the company?

Incorporate concepts from this week’s lecture in your post. Your main post should be at least 250 words in length. Respond to at least two of your classmates’ posts.