Description
I will attach the case.
Required:
1. Do you believe that the solution proposed by Doug is ethical? Explain.
2.Suppose that Tonya decides that Doug’s solution is not right and objects strongly. Further suppose that, despite Tonya’s objections, Doug insists strongly on implementing the action. What should Tonya do?
Explanation & Answer
Attached.
1
Case 4-67 Assigning Overhead to Jobs—Ethical Issues
No, I do not think the solution propose by Doug is ethical. What Doug is trying to do is
exploit loopholes within the Generally Accepted Accounting Principles (GAAP) so that he can
disguise financial performance. This is referred to as creative accounting (Ochotorena, 2018).
Managers and accountants use creative accounting to doctor their financial statements. It is widely
accepted that creative accounting is an accounting vice that goes against the reg...
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