Assignment: Ethics in AccountingDue Week 9 and worth 120 pointsEffective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting.Instructions: Read the following scenario. Answer the questions that follow. Your answers should result in a 2-3 page submission. Reference back to your text book for guidance on how to think through the scenario. Scenario:Imagine you are the assistant controller in charge of general ledger accounting at Linbarger Company. Your company has a large loan from an insurance company. The loan agreement requires that the company’s cash account balance be maintained at $200,000 or more, as reported monthly. At June 30, the cash balance is $80,000. You give this update to Lisa Infante, the financial vice president. Lisa is nervous and instructs you to keep the cash receipts book open for one additional day for purposes of the June 30 report to the insurance company. Lisa says, “If we don’t get that cash balance over $200,000, we’ll default on our loan agreement. They could close us down, put us all out of our jobs!” Lisa continues, “I talked to Oconto Distributors (one of Linbarger’s largest customers) this morning. They said they sent us a check for $150,000 yesterday. We should receive it tomorrow. If we include just that one check in our cash balance, we’ll be in the clear. It’s in the mail!” Questions What is the accounting problem that the Linbarger Company faces? What are the ethical considerations in this case? Provide rationale for why these are ethical considerations. What are the negative impacts that can happen if you do not follow Lisa Infante’s instructions to wait one more day to post the balance? Who will be negatively impacted if you do comply? Provide a rationale for why these individuals will be impacted. What is one alternative that you could pursue in this scenario? Support your recommendations with information you learned in this class.

This assignment consists of two sections: your final business plan and your business plan financials. Note: You must submit both sections as separate files for the completion of this assignment. You  have completed all the necessary sections of your business plan and  will now create a final draft. Use any/all feedback you have received to  polish your plan to the point that you could confidently show it to  investors and potential partners or customers. Refer  to the outline of a business plan beginning on page 399 of the course  text. Not all businesses will include all these components in this  order, but use the outline as a guide. Specifically, your plan will not  require the development, milestones, and exit plan sections of the  business plan. Section 1: Business Plan--Final (MS Word or equivalent) Construct a 10–30-page business plan. Note: Twenty pages are sufficient for most businesses. Write a 1 to 3-page executive summary for your business plan, in which you justify the following:        A clear and concise business concept  A thoroughly planned business concept  A capable management structure  A clear-cut market need  Significant competitive advantages for your business  Realistic financial projections  That investors have an excellent chance to make money  A realistic and developed exit plan  Note: Read Chapters 4 and 18 of the course text, Successful Business Plan.  Use the plan preparation worksheets on pages 58-61 and the sample  executive summaries on pages 62-66 to help guide you; choose to write  either a synopsis summary or a narrative summary and include highlights  from each section of your business plan. Combine  all the sections stated below and revise your initial business plan  draft, which you submitted in Week 8, based on feedback you have  received.  Executive summary   Company description (Assignment 1)  Industry analysis and trends (Assignment 1)  Target market (Assignment 2)  Competition (Assignment 2)  Strategic position and risk assessment (Assignment 1)  Marketing plan and sales strategy (Assignment 2)  Operations plan (Assignment 3)  Technology plan (Assignment 3)  Management and organization plan (Assignment 3)  Ethics and social Responsibility plan (Assignment 3)  The Financials (Week 7 Discussion)         Hint:            The financial section of your business plan will be derived from the previously completed financial worksheets.  Note:  The  financials and the management description must spark enough interest to  convince a reader to continue. Enhance the two mentioned sections to  engage the reader.  Format your assignment according to these formatting requirements: Cite the resources you have used to complete the exercise. Note: There is no minimum requirement for the number of resources used in the exercise.  The  paper must be typed, double-spaced, using Times New Roman font (size  12), with 1-inch margins on all sides; references must follow APA or  school-specific format. Check with your professor for any additional  instructions.  Include  a cover page containing the title of the assignment, the student's  name, the professor's name, the course title, and the date. The cover  page and the reference page are not included in the required page  length.  Section 2: Business Plan Financials (MS Excel worksheets bundled with course textbook) For  year one, submit a revised income statement, cash flow projection, and  balance sheet from the "Business Plan Financials" Excel template based  on your feedback from Assignment 3: Operations. Technology, and Management Plan with Financials. You will submit the entire completed and revised Excel worksheet. The specific course learning outcome associated with this assignment is: Construct  a business plan with an executive summary that justifies a clear  concept, a management structure, a market need, competitive advantages,  and financial projections.  Description: BUS599 Week 10 Assignment 4: Business Plan – Final Grid View  List View  Unacceptable 0 - 69% F Fair 70 - 79% C Proficient 80 - 89% B Exemplary 90 - 100% A  BUS599-A5-1 1. Write a one to three (1–3) page executive summary for your business plan, in which you justify: a. A clear and concise business concept. b. A thoroughly planned business concept. c. A capable management structure. d. A clear-cut market need. e. Significant competitive advantages for your business. f. Realistic financial projections. g. That investors have an excellent chance to make money. h. A realistic and developed exit plan. Weight: 30%

The following is not a characteristic of a HPWP: A) Large number of highly qualified applicants for each strategic position B) Extensive training and development of new employees C) Low differential in pay between high and low performers D) Low percentage of employees covered by union contract E) Above market compensation for key positions