Andres Hermano owns College Depot. Students from the nearby college like to shop there for items they can use on campus such as backpacks and school supplies. College Depot has a December 31 year-end. Many students purchase gift cards as holiday gifts to give to their friends. Because college is not in session after December 15, most of the students do not use the gift cards until January right before the spring semester begins. Andres Hermano plans to request a loan from the bank, and the bank requests year-end financial statements. Andres is concerned that his revenues are not high enough. As such, instead of recording the gift card sales as unearned revenue, he records the gift card sales as sales revenue.

Instructions
a. What are the ethical considerations in this case?
b. Who are the stakeholders that are harmed or benefited in this situation?
c. What would you recommend that Andres do?