Week 8 Assignment – Litigation, Censures, and Fines
Week 8 Appointment - Litigation, Censures, and Fines
You are the accountant for ACC KarParts, a advancing company that makes auto parts. You oversee all accounting functions aural the company. Quinn, your supervisor, has abreast you that if the company's profits abound by 30% this year, you will accept a $30,000 bonus, and she will accept a $60,000 bonus. No bonuses will be awarded if accumulation growth is beneath than 30%. Near the end of this budgetary year, the two of you accept the afterward conversation:
Quinn: We are accepting abutting to 28% accumulation by the end of this year. If this happens, neither you nor I will get any bonus. What can be done to ability our ambition and get our bonus?
You: There is annihilation we can do to ability 30% accumulation this year. However, we can plan to ability that ambition abutting year.
Quinn: If we affirmation some of the abutting year revenues to be allotment of the accustomed year, you will get your bonus, I will get mine, and the investors will be happier. Therefore, everybody will be happy.
You: Uh, Quinn, that would be an unethical action.
Quinn: We are artlessly affective acquirement from one aeon to another. We are not appearance the revenue transactions.
As an accountant, what would you do in this situation?
Write a 2–3 page report explaining to Quinn why you can't move acquirement from one aeon to another. In the report:
Explain the accent of ethics in accounting.
Apply ethical principles and professionalism to the case at ACC KarParts.
Based on about accustomed accounting principles, acclaim at atomic three adequate acknowledged alternatives to accommodated aggregation goals.
Use three sources to abutment your writing. Choose sources that are credible, relevant, and appropriate. Cite anniversary antecedent listed on your source folio at atomic one time aural your assignment. For advice with research, writing, and citation, admission the library, or analysis library guides.
This advance requires the use of Strayer Autograph Standards. For assistance and information, amuse accredit to the Strayer Autograph Standards articulation in the left-hand card of your course. Check with your professor for any added instructions.
The specific advance acquirements outcome associated with this appointment is:
Evaluate a business's accounting arrangement for acquiescence with accounting principles, regulations, and ethical business practices.
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