Phil and Jim were roommates in college and have always competed against each other. Since graduating from college, both men were hired at the same company. The company pays bonuses at the end of year based on performance, which also includes a weekend on their boss's yacht. Three years in a row Jim managed to surpass Phil's performance. This year, Jim is determined to get the highest bonus. Imagine you are the accountant and knowing that these two men are rivals, answer the following questions in 2- 3 pages. 1. Discuss the code of conduct that is expected for accounting professionals. 2. Create your own manufacturing company. Using EXCEL, create the sales budget, production budgets), and the income statement. State any assumptions used to create your budgets. Explain the steps necessary to create a master budget (Calculations and formulas are required to receive full credit.) 3. Analyze the metrics below for Phil & Jim and discuss who should receive a bonus based on performance. For the manager not chosen, discuss the costs you would challenge to explain why you did not meet your goals 4. Phil Corporate Revenues 100,000.00 90,000.00 Fixed costs 8,000.00 6,000.00 VOH 45,000.00 32,000.00 DM 15,000.00 12,000.00 DL 9,000.00 12,000.00 Respond to the following: 1. identify any ethical issues involved 2. identify any and all stakeholders 3. propose alternatives to resolve the ethical dilemma 4. discuss ways to promote or develop an ethical organizational climate 5. describe the impact of unethical behavior in an organization 6. Use appropriate spelling, grammar, appropriate language, logical development of ideas, format & organization. Assignment Overview The goal is to determine which manager achieved the performance goals set by the organization. Achieving organizational goals also determine how well the managers supported the organization and whether the manager is entitled to monetary awards. The written assignment details are noted below. Phil and Jim were roommates in college and have always competed against each other. Since graduating from college, both men were hired at the same company. The company pays bonuses at the end of year based on performance, which also includes a weekend on their boss's yacht. Three years in a row Jim managed to surpass Phil's performance. This year, Jim is determined to get the highest bonus. Imagine you are the accountant and knowing that these two men are rivals, answer the following questions in 2- 3 pages. 1. Discuss the code of conduct that is expected for accounting professionals. 2. Create your own manufacturing company. Using EXCEL, create the sales budget, production budgets), and the income statement. State any assumptions used to create your budgets. Explain the steps necessary to create a master budget (Calculations and formulas are required to receive full credit.) 3. Analyze the metrics below for Phil & Jim and discuss who should receive a bonus based on performance. For the manager not chosen, discuss the costs you would challenge to explain why you did not meet your goals 4. Phil Corporate Revenues 100,000.00 90,000.00 Fixed costs 8,000.00 6,000.00 VOH 45,000.00 32,000.00 DM 15,000.00 12,000.00 DL 9,000.00 12,000.00 Respond to the following: 1. identify any ethical issues involved 2. identify any and all stakeholders 3. propose alternatives to resolve the ethical dilemma 4. discuss ways to promote or develop an ethical organizational climate 5. describe the impact of unethical behavior in an organization 6. Use appropriate spelling, grammar, appropriate language, logical development of ideas, format & organization. Assignment Overview The goal is to determine which manager achieved the performance goals set by the organization. Achieving organizational goals also determine how well the managers supported the organization and whether the manager is entitled to monetary awards. The written assignment details are noted below
