Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

G Michael Bunnell is an accountan X 4 > Ocean Connect Topic: M2. Discussion 2.2 X m/courses/25047/discussion_topics/179763?module_item_id=1279729 Objective Identify trial balance error ethical issues. Step

image text in transcribed
G Michael Bunnell is an accountan X 4 > Ocean Connect Topic: M2. Discussion 2.2 X m/courses/25047/discussion_topics/179763?module_item_id=1279729 Objective Identify trial balance error ethical issues. Step 1 Review the scenario. Michael Bunnell is an accountant for a large restaurant chain with sales of over $15 million. Michaelis pressured to produce financial statements for a 1p.m. board of directors meeting, but the trial balance is not balancing. When he adds the debit column and credit column up, there is a $5,000 difference, Running out of time, he changes the amount of the "Building" account to be increased by $5,000; now the debits and credits equal. He does not believe that this small change will affect any business decisions at the meeting, and he can find the mistake at a later time, Step 2 Post to the discussion board. Respond to the following questions and, if appropriate, include personal experience as part of your answe What are the ethical issues involved with this case Who will be effected by this change Do you believe Michael did the right thing If not, what else could he have done stifte G Michael Bunnell is an accountan X 4 > Ocean Connect Topic: M2. Discussion 2.2 X m/courses/25047/discussion_topics/179763?module_item_id=1279729 Objective Identify trial balance error ethical issues. Step 1 Review the scenario. Michael Bunnell is an accountant for a large restaurant chain with sales of over $15 million. Michaelis pressured to produce financial statements for a 1p.m. board of directors meeting, but the trial balance is not balancing. When he adds the debit column and credit column up, there is a $5,000 difference, Running out of time, he changes the amount of the "Building" account to be increased by $5,000; now the debits and credits equal. He does not believe that this small change will affect any business decisions at the meeting, and he can find the mistake at a later time, Step 2 Post to the discussion board. Respond to the following questions and, if appropriate, include personal experience as part of your answe What are the ethical issues involved with this case Who will be effected by this change Do you believe Michael did the right thing If not, what else could he have done stifte

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

Funded The Entrepreneurs Guide To Raising Your First Round

Authors: Katherine Hague

1st Edition

1491940263, 9781491940266

More Books

Students also viewed these Accounting questions