Budgetary Planning
Part 2: Essay: Write a 2 page reflective essay (not counting your title and references pages) in which you discuss your response to the following ethics case. The essay should address the questions listed below, utilize appropriate ethics resources, and follow APA format and citation style .
Title your paper Section #_Unit 6 Assignment _Part 2. Then submit it to the Unit 6 Assignment: Part 2 Ethics Case Dropbox. Access the details of this Assignment in the Document located below.
Ethics Case:
You are an accountant in the budgetary, projections, and special projects department of Fernetti Conductor, Inc., a large manufacturing company. The president, Richard Brown, asks you on very short notice to prepare some sales and income projections covering the next 2 years of the company’s much heralded new product lines. He wants these projections for a series of speeches he is making while on a 2-week trip to eight East Cost brokerage firms. The president hopes to bolster Fernetti’s stock sales and price.
You work 23 hours in 2 days to compile the projections, hand-deliver them to the president, and are swiftly but graciously thanked as he departs. A week later, you find time to go over some of your computations and discover a miscalculation that makes projections grossly overstated. You quickly inquire about the president’s itinerary and learn that he has made half of his speeches and has half yet to make. You are in a quandary as to what to do. (Weygandt, et al., 2015, p.1050)
Reference
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2015). Accounting principles (12th ed.). Hoboken, NJ: John Wiley & Sons, Inc.
Use the ethics resources for accounting here. Make sure to cite at least one source from those provided and reference them (in your separate reference page) following APA guidelines.
Respond thoroughly to the following questions in your reflective essay:
- What are the consequences of telling the president of your gross miscalculations?
- What are the consequences of not telling the president of your gross miscalculations?
- What are the ethical considerations for you and the president in this situation?
- Which Code of Conduct principle would you act on from the professional codes of conduct guiding ethical behavior in this field? Provide the name of the organization, and the code of conduct which pertains to why you act, and then provide the url for your source.
- Based on your chosen code of conduct principle(s), what would you do (step by step) in order to act in accordance with your chosen principle to address this situation?
Critical Elements:
- Write your original response in a 2-page paper using Standard American English, paying special attention to grammar, style, and mechanics.
- Respond to the questions in a thorough manner in your essay.
- Ensure that your viewpoint and purpose are clearly stated.
- Demonstrate logical and appropriate transitions from one idea to another.
- Your paper should be highly organized, logical, focused, following citation APA format and citation style.
- Your 2-page essay should include an additional title page and a reference page.
Answer Preview for Budgetary Planning
APA