Ethical Case Study Assignment

[Ethical Case Study][Name][Financial Accounting Theory and Practice][University][Instructor Name][April 30 , 2010]ANSWER 1Vinal Barbaros , the controller of smith Construction , has two selections available in this case twain he give the sack background the cost statement to cast his boss happy or he can be an ethical person and refuse to do any adjustments , the equilibrate result of which leave alone be that he testament be forced to leave the job . However , these two options should be evaluated in detailThe commencement option is that Barbaros should understate the costs as instructed by his boss , Michael Wolman . This option has numerous ethical implications for the stakeholders . first of all , the stakeholders in the play along including the management will direct aureate financial statements which will help the come with in repaying its lend to the National curse of Australia .

second , by repayment of its loanword installments on time , the company can renew a 2 million loan which will help smith Construction in many slipway . The effect of this option to Barboras personally is that he will adhere an inducement of 5 to be added to his salary which is a heavy(p) incentive . Secondly , it is also reflecting that Wolman has no intentions of firing him like a shot . However the problems which the company is facing will not be solved if Barbaros accepts to understate the costs The problem will encourage aggravate if the auditors take care out the discrepan! cy and endue the report to National Bank of Australia . In this case , the bank will not...If you want to get a full essay, direct it on our website: OrderCustomPaper.com

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