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can you please rewrite its a 100% match need to setup in apa format please see attached file 1. What is the accounting problem that
can you please rewrite its a 100% match need to setup in apa format please see attached file
1. What is the accounting problem that the Linbarger Company faces? As seen from the discussion of the given case, the company's major accounting problem is with cash management. It might have maintained a proper planning and coordination between receipts and payments. Alternative shortterm cash funding ways need to be planned in advance to honor the agreement., otherwise there is no point in putting conditions in the agreement. 2.What are the ethical considerations in this case? Provide rationale for why these are ethical considerations. Referring to the periodicity concept of accounting, there should be uniformity in closing the books of accounts. Receipts of July 1st or July 2nd cannot be included in balancing for 30 June. It leads to cumulative errors willfully done to compensate each of the earlier errors. In accounting or even elsewhere as well willful errors are called frauds. Thus, there are serious ethical considerations in keep receipts book open up to the required balance is received. 3. What are the negative impacts that can happen if you do not follow Lisa Infante instructions to wait one more day to post the balance? Negative impacts are very clear in the facts of the case itself. when Lisa infante takes those actions contemplated in the agreement, the existence of the firm its under immediate danger. Impact may be very danger but, in light of further fund needed being 120000 only can be managed alternatively with very shortterm hand loan (or) encouraging any our esteemed customer to make early payment and take a surprise discount. In light of these several alternatives being available there is nothing to choose to go for unethical accounting practice. 4. Who will be negatively impacted if you do comply? Provide a rationale for why these individuals will be impacted. All the stakeholders that are connected directly and indirectly with the company shall be negatively impacted. Even the stake holders of insurance company were negatively impacted due to the unethical practice. The rational is simple, irrespective of magnitude of the amount under consideration, fraud is always a fraud. The purpose of accounting will be deceived with such practices. 5. What is one alternative that you could pursue in this scenario? The required balance can be easily managed with very short-term hand loan for 1 or 2 days (or) encouraging any of our esteemed customer to make early payment and take a surprise discount. Limited time cash sale with unbelievable discounts, even advances can be requested from loyal employees out of there available surplus in their bank accounts which can be repaid in the next day along with their regular salary. For financing a day need there are several alternativesStep by Step Solution
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