Q3 thanks

Suppose you are the chief accountant for a public company listed on the Toronto Stock Exchange. You are finalizing the company's financial statements for the 2020 year and it appears that net income will come in about $1 million below what financial analysts predicted. Your boss, the company's CEO, asks you to record $1.2 million in fictitious sales to bring net income above the analysts' target. DECISION FRAMEWORK FOR MAKING ETHICAL JUDGMENTS Making tough ethical judgments in business and accounting requires a decision framework. Answering the following four questions will help you to make ethical business decisions: Decision 1. What is the issue? 2. Who are the stakeholders, and what are the conse- quences of the decision to each of them? 3. What are the decision alter- natives, and how do they affect each stakeholder? Guidelines 1. The issue will usually deal with making a judgment about an accounting measurement or disclosure that results in economic consequences, often to numerous parties. 2. Stakeholders include anyone who might be affected by the decision-you, your company, and potential users of the information (investors, creditors, regulatory agencies). Consequences can be economic, legal, or ethical in nature. 3. Analyze the impact of the decision on all stakeholders, using economic, legal, and ethical criteria. Ask, "Who will be helped or hurt, whose rights will be exercised or denied, and in what way