Question
Can I get help with this assignment, please Unit 8 Assignment 2: Read the textbook scenario (BYP18-7) and address the rubric questions located below: Dave
Can I get help with this assignment, please
Unit 8 Assignment 2: Read the textbook scenario (BYP18-7) and address the rubric questions located below: Dave Schonhardt, president of Schonhardt Industries, wishes to issue a press release to bolster his companys image and maybe even its stock price, which has been gradually falling. As controller, you have been asked to provide a list of 20 financial ratios along with some other operating statistics relative to Schonhardt Industries first quarter financials and operations. Two days after you provide the ratios and data requested, Steven Verlin, the public relations director of Schonhardt, asks you to prove the accuracy of the financial and operating data contained in the press release written by the president and edited by Steven. In the press release, the president highlights the sales increase of 25% over last years first quarter and the positive change in the current ratio from 1.5:1 last year to 3:1 this year. He also emphasizes that production was up 50% over the prior years first quarter. You note that the press release Unit 8 Assignment 1-Lab Grading Rubric: Points are earned based on correct and thorough responses to the Checklist items. Percentage Possible Points Points Earned ? Exercise 25-3 33% 7 ? Exercise 25-4 33% 7 ? Exercise 25-6 34% 7 Subtotal: 100% 21 Total Points Possible points total: 45 points Total Points Earned: contains only positive or improved ratios and none of the negative or deteriorated ratios. For instance, no mention is made that the debt to assets ratio has increased from 35% to 55%, that inventories are up 89%, and that while the current ratio improved, the acid-test ratio fell from 1:1 to. 5:1. nor is there any mention that the reported profit for the quarter would have been a loss had not the estimated lives of Schonhardts plant and machinery been increased by 30%. Steven emphasizes, The prez wants this release by early this afternoon.
These questions below is what I need help with thanks??
1) Who are the stakeholders in this situation?
2) Apply two or more accounting codes of conduct to answer the following questions:
a. Is there anything unethical in president Schonhardts actions?
b. Should you as controller remain silent?
Does Steven have any responsibility?
3) Compare your response to the questions that involved accounting code of conduct to the ethical approaches in the tutorial.
a. Which accounting code of conduct responses to questions a and b above would be supported by two of the ethical approaches in the tutorial?
Explain. Please this has to be one to 2 pages long for it to count
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