Question
Imagine that you are an accountant for a large corporation, Alli's Brooms. In this scenario, you projected the sales and profits for the next three
Imagine that you are an accountant for a large corporation, Alli's Brooms. In this scenario, you projected the sales and profits for the next three years would increase by a large amount for a new product, the AlliBroom2420. Senior management was very happy with this and they decided to expand production for the AlliBroom2420. Over 3,000 employees were forced to relocate to new plants in California, Louisiana, and Wisconsin. Nobody was fired and new employees were hired for the new plants.
A few months later, you checked your spreadsheets and found that you used the wrong formula and there was a large error in your figures. You overestimated the profits. Thankfully, the sales of AlliBroom2420 went beyond your projections and management is very happy. You think that nobody will find this error because the sales are doing so well.
- Should you confess this honest mistake and jeopardize your promotion?
- Who are the stakeholders?
- What ethical issues can you identify?
- What should be considered that is not listed here?
- What alternative actions can you take?
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