Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

G safari party favors - Google Searc C You Were Hired To Do A Cost An: X Ethics Paper x ethics paper - Google Docs

image text in transcribed
G safari party favors - Google Searc C You Were Hired To Do A Cost An: X Ethics Paper x ethics paper - Google Docs x G Based upon the IMA Ethical Stan X G Based upon the IMA Ethical Stan( X F - C sjeccd.instructure.com/courses/24323/assignments/480957?module_item_id=1242194 ill Apps A Concise Introduct. PHA Contact Repor. betty anne | OUTLOOK My Library Brytewa. W chapter_3_review_a. 21SP-ACCTG-001B-203 > Assignments > Ethics Paper Ethics Paper Due Monday by 11:59pm Points 100 Submitting an external tool Available Feb 23 at 12am - Mar 8 at 11:59pm 14 days You were hired to do a cost analysis report for Project Alpha, a new vaccine. Your analysis included an Activity Based Costing report done by Vu. At a recent meeting, you gave Vu and the factory manager your estimate that the delay to Project Alpha will be a minimum of three months. You indicated that extra overhead costs under ABC are likely to be 4 to 5 million dollars. Vu asked your team to begin working on a formal report specifying detailed recommendations. While still incomplete, the report appears certain to support your estimates. You are aware that the group is rumored to have pressure from the government. You assume that the situation with Project Alpha is likely to contribute to world-wide vaccine shortages and to be seriously detrimental to the company's financial position. One week before the final version of the report is due, you receive a surprise telephone call from the company's CFO. He explains that he is about to enter a board meeting and needs to know a date for delivery of the report on Project Alpha. Late the previous evening, Vu had informed the CFO that your firm had been asked to provide the report. The CFO says: "I appreciate that you have only just started, so there are no reliable estimates yet. But Vu mentioned that Project Alpha could incur around 4 to 5 million dollars in extra costs, with income delayed by perhaps six to eight weeks. Vu will not be at board meeting, as she must attend a family funeral. Since Vu will not be in the meeting, there is no need to mention the extra costs and the delays at this time." Based upon the IMA Ethical Standards, is the CFO's request ethical? Write an essay of at least 5 paragraphs stating and supporting your decision, including how you think you should do regarding the CFO's request. puter This tool needs to be loaded in a new browser window The session for this tool has expired. Please reload the page to access the tool again Type here to search O 9 10:41 AM 3/4/2021

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_2

Step: 3

blur-text-image_3

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

College Accounting A Practical Approach

Authors: Jeffrey Slater, Mike Deschamps

14th Edition

0134729315, 978-0134729312

More Books

Students also viewed these Accounting questions

Question

The fear of making a fool of oneself

Answered: 1 week ago

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago