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Re-read 4.2 Focus on Practice: Free Cash Flow at Abercrombie and Fitch pg. 159. Answer the question posed in the article, What are some possible

Re-read 4.2 Focus on Practice: Free Cash Flow at Abercrombie and Fitch pg. 159. Answer the question posed in the article, "What are some possible ways that corporate accountants might be able to change their earnings to portray a more favorable earnings statement? Part 2 Read the Ethics Problem (P4-23). Answer the question posed in the problem. The SEC is trying to get companies to notify the investment community more quickly when a "material change" will affect their forthcoming financial results. In what sense might a financial manager be seen as "more ethical" if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipate? Part 3 Respond to the questions in the statement below: How can a manager influence the budgeting process and ensuing budgetary numbers in unethical ways? Are there ways to identify and control this type of behavior

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