Accounting ethics: the real situation of the company essay

Behavior There are several situations that can unethical behaviors and practices. In the Sarbanes-Oxley Act was made law to stop unethical situations that where taken place in many companies, big or small when a company practice unethical practices, there can be lots of damage to the company.

Accounting ethics: the real situation of the company essay

With a sigh, she examined the plot of the observations and the line that was carefully placed through them. It was clear that this would require more drastic surgery.

The slope of the regression line was just too darn obstinate. The project had come in a month ago, and the two partners of Dentrac Consultants, Inc. Tracy and her university "bud", Denise, had decided to go it alone after graduating from University. While both had interesting co-op placements in major accounting firms during their university years, the idea of working for a large organization had become increasingly less attractive.

When Denise broached the idea, Tracy had responded quickly and the new consulting firm of Dentrac Consultants, Inc. Tracy had graduated with a significant number of mathematics and statistics courses completed, and had worked as a statistical analyst for a major oil company on one of her workterms.

Denise, on the other hand, had taken a significant number of organizational behaviour courses, along with communications and policy. They both laughed that Denise was the "country club" partner and Tracy was the "drone".

Denise was responsible for bringing in the clients and, to date, had only modest success. Tracy, on the other hand, was responsible for doing any quantitative analysis that needed to be done.

Accounting Ethics: the Real Situation of the Company Essay Sample

The project was a bit of a surprise. It was a subcontract, with the prime consultant being a large, Toronto-based consulting operation. The contact had been another school friend who had recently joined that firm. Denise figured that Tracy could probably finish it off in a couple of days.

The BMW dream started to look more practical. Denise had described the project this way. Raditech, the Toronto firm, was undertaking a major cost management project on Beer Unlimited, the joint marketing arm of the Ontario breweries. As a government licensed monopoly, Beer Unlimited operated all the Beer Stores across the province under some restrictive legislation.

Beer Unlimited had to operate on a breakeven basis, with all breweries being allowed to market their product through the stores located throughout Ontario.

In the 's and 70's, the brewers had been only a few national operations. However, in the 's and 90's, the market had dramatically changed. Many microbreweries sprang up producing a multitude of different brands, packaged in different quantities, and often with different sized and shaped containers.

These microbrewers tended to supply beer stores in their own local areas and in the major cities but, given that their distribution system often consisted of the owner delivering cases in his own station wagon, their range of distribution was not very large.

As a result, the beer stores, designed to stock only a few brands with standard sizes and dealing with large volumes, were required now to stock many brands in many different sizes of packaging.

Since many of the brands were not well known, many cases of product became stale dated, and would have to be held by the store until the manufacturer returned to take them away.

Costs had risen dramatically as a result, and the consulting firm had been called in to find a solution to the problem. Denise made it clear that this was not an insignificant problem. However, the big issue is that the costs will still be high and the big brewers are upset at having to pay all these costs for the small micro-brewers who are competing with them.

At the present time, there is no way to change the legislation to restrict access to the retail stores, wherever and whenever a brewer wants. Can you imagine how that would go over at election time if the party in power tried it?

However, Beer Unlimited has the right to charge back appropriate costs for stocking the beer. At the present time, this is based solely on volume, so that the big breweries take the hit. What they want to do is to institute a stocking fee for each brand, so high that the micro-brewers will be priced out of the majority of stores, and be restricted to only a few stores where the brand is well known and their volume of sales is large enough to cover the stocking fee.

That should be good enough to wipe out the 2 cases per week sales of some of the micros. However, the real plan is to bamboozle the microbrewers with an unassailable argument based upon as much data as possible. The data is total annual cost of each store and the number of brands sold at each store.

Keep in mind that the number of brands sold at each store is different depending upon the local microbreweries.

Accounting ethics: the real situation of the company essay

First of all, she had plotted the data, and had observed that while the majority of the observations seemed well behaved, there had been some that clearly differed from the rest. She could identify four such groups, which she described to Denise in a memo.

Denise, with help from Raditech, quickly explained why these observations were different.Here are 70 interesting sociology research topics. Choose a sociology essay topic matching your interests and write a fantastic essay!

Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.

These ethics originate from individuals, organizational statements or.

Accounting ethics: the real situation of the company essay

Ethics Case This Essay Ethics Case and other 64,+ term papers, college essay examples and free essays are available now on Autor: jmailloux01 • February 26, • Essay • Words (2 Pages) • Views.

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Technology on the Accounting Profession University of Phoenix ACC/ Accounting Information Systems Effects of Technology on the Accounting Profession Businesses have become more competitive, consumers are more informed, and technology has . The IMA Statement of Ethical Professional Practice has been revered as the central code of ethics for management accountants.. 1. Competence. Maintain an appropriate level of professional expertise by continually developing knowledge and skills. Perform professional duties in accordance with relevant laws, regulations, and technical standards. Feb 05,  · Ethics and CSR in British American Tobacco. Introduction Corporate Social Responsibility (CSR) encourages the view that “company should endeavor to build a profit, abide by the law, and be a good corporate citizen, be ethical”.

When researching what ethics are, one will find hundreds of books that discuss everything from ethics as a whole to individual types and systems of ethics. The investors and their employees could not know the real situation of the company, so after they investing in Enron, they would suffer a big loss in their stock benefits.

12 Business Ethics Examples

Also, because of the failure of Enron, more and more corporation that are required to proved high quality and accuracy accounting financial statements. It looks like you've lost connection to our server. Please check your internet connection or reload this page.

Term Paper: Mark to Market Accounting and Its Relation to the Enron Scandal … | 10 Pages