Friday, February 14, 2020

Case study Essay Example | Topics and Well Written Essays - 1250 words - 19

Case study - Essay Example Lisa mate with Mr. Anderson the controller of acquired firm. She asked for several financial records from Mr. Anderson. Lisa has found some discrepancies into those records and wanted more details but unfortunately she did not get enough support. Here in this case identified ethical issue is improper way of managing accounting practices from the side of the acquired company. Here in this case Prestige Fragrance Company has intentionally and suspiciously inflated two accounts in their balance sheet. Those two accounts are â€Å"Other Assets† and â€Å"Other accrued liabilities†. Here in this case the acquired company has not given enough documents related with the other assets section. Review conducted by Lisa has categorically indicated that the acquired company has unethically capitalized marketing expenses. The organization has recorded marketing expenses as the asset. It should have been recorded in the expense section. It indicates that to inflate the financial situation Prestige Fragrance Company has intentionally used unethical accounting practices to create more value for the firm. It is a clear cut ethical breach from the side of Prestige Fragrance Company. The company has continued its unethical accoun ting practices in case of â€Å"Other accrued liabilities† also. When Lisa has asked for the all journal entries related with â€Å"Other accrued liabilities†, Mr. Anderson totally declined to give any details to Lisa. It further reinforces the presence of ethical issue. This attitude of Mr. Anderson has clearly indicated that, he wants to cover up something and for that reason only he is not willing to provide all the documents to Lisa. Hiding something from the finance manager of the parent company is also a clear cut ethical issue which is present in the current case. There are several stakeholders are related with the ethical issues. The whole accounting procedure is

Saturday, February 1, 2020

No preference Coursework Example | Topics and Well Written Essays - 250 words

No preference - Coursework Example However, the level of technology has led to interpretation of the constitution into simple terms changing the original meaning. The development of the translational corporation for the last decades indicates how the power has shifted away from sovereignty in nations that have embraced technology. The mass media has caused a lot of influence on democracy. Some magazines and television stations criticize the behaviors of political leaders. Gone are the days when the reporters could not talk about political leaders without facing punishment. The advancement in technology will continue influencing the constitution. In future, rules of voting will change. Citizens may never vote through the ballot box. Elections will take place through the internet and voters will cast their votes online. All citizens will have a freedom of posting their criticism about some behaviors in the internet. A constitution plays a leading role in every country. However, rules and regulation differs in each country. It is very difficult for an individual to rule out that which is a majoritys agreement. Therefore, being a citizen in a particular country one has to adhere to the rules and regulations governing that country (Stone & Marshal, 2015) Different country support death penalty for murderers while others support life imprisonment. However, criminal regulations depend on the constitution of the state. Much as death penalty may seem unfair to the offender, it is advantageous as it helps curb murder