Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Context - You are an intern working with the company and you know Zoey from going to school with her and hanging out together. Ethics

Context - You are an intern working with the company and you know Zoey from going to school with her and hanging out together.

Ethics and Borrowing Petty Cash

Zoey is working as an accounting intern in a local supply warehouse. Zoey really likes his job as shes learning how a supply company operates, applying what she learned in school, and meeting and working with many employees and vendors. One of the duties Zoey is responsible for is managing the $500 petty cash fund. She likes it because it keeps herbusy and it makes her feel like a regular employee. On occasions, Zoey is short on cash and needs some money for lunch and/or to buy medication for his grandparents so she borrows the cash from the fund. Because Zoey is in charge of the fund, nobody knows that she borrows the money. Zoey always replaces what she borrowed within a few days. She justifies his borrowing by telling herself, no harm, no foul.

Discussion & Analysis - Are Zoeys actions ethical? Why/Why not?

Recommendations need two or more with support for each Now that you have discussed and assessed the situation with Zoey, please advise Zoey in regard to what she should do going forward. Each recommendation to Zoey should include two or more advantages and two or more disadvantages. As for the disadvantages, please include an action plan of how to overcome and/or minimize each. This will strengthen your support for your recommendation.

PLEASE WRITE IT IN MEMO FORMAT!

Executive Summary Summarize your memo by recapping the case, your discussion & analysis, your recommendations, and your conclusion. No more than one page consisting of clear, concise, and complete sentences and paragraphs.

Purpose Why are you writing this memo? Why is this memo important? No more than one page consisting of clear, concise, and complete sentences and paragraphs.

Background Provide background and context to the case you selected. No more than one page consisting of clear, concise, and complete sentences and paragraphs.

Discussion & Analysis Here is where you would discuss and analyze deliverables. That is, analyze the situation and then share your thoughts. Also, define terms, concepts, topics, etc., as needed, to help the reader follow your train of thought. No more than two pages consisting of clear, concise, and complete sentences and paragraphs.

Recommendations Here is where you make two or more recommendations to Zoey with support. (Note: A good recommendation is one that is reasonable, appropriate, and doable for the situation.) Also, each recommendation should include two three advantages and two three disadvantages. No more than two pages consisting of clear, concise, and complete sentences and paragraphs.

Timeline Here is where you would establish a timeline to implement your recommendations. This will allow all to schedule and move forward with the next steps. No more than one page consisting of clear, concise, and complete sentences and paragraphs.

Conclusion - Summarize your memo by recapping the case, your discussion and analysis, your recommendations, and your next steps, repeat your next steps. That is, dont assume that your memo says it all but rather please provide a clear and concise summary of it including the next steps. No more than one page consisting of clear, concise, and complete sentences and paragraphs.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

LO10.2 List the conditions required for purely competitive markets.

Answered: 1 week ago