Week 8 Assignment – Litigation, Censures, and Fines

  Week 8 Appointment - Litigation, Censures, and Fines Overview 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?  Instructions 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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