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You have a BBA and MBA in accounting. From 2017 to 2020, you were unemployed - a victim of the greatest economic disaster in the
You have a BBA and MBA in accounting. From 2017 to 2020, you were unemployed - a victim of the greatest economic disaster in the USA since the Great Depression of the 1930s - a more serious economic downturn than the one that helped bring Barack Obama the presidency in November 2008. You have $200,000 in student loan debt, in addition to significant credit card and car loan debt. On January 2, 2021, good luck finally favors you - you land a job as a management accountant with a highly-respected medium-sized firm, starting with an $80,000 salary, plus full medical benefits, pension plan and stock options. In your second week on the job, you discover something very disturbing - $70,000 in compensation expense was deducted by the firm - however, it is not really compensation expense - this amount represents tuition payments for the Controller's daughter, who attends Harvard Law School. The Controller has worked there for 20 years and is very popular. You now have the opportunity to dig yourself out of debt, but there are definite legal and ethical issues involved. It should also be noted that you are a CMA - you passed a rigorous 8-hour exam and must adhere to their code of ethics. This is a great job - will you jeopardize it ? What should you do ? economic disaster in the USA since the Great Depression of the 1930s - a more serious economic downturn than the one that helped bring Barack Obama the presidency in November 2008. You have $200,000 in student loan debt, in addition to significant credit card and car loan debt. On January 2, 2021, good luck finally favors you - you land a job as a management accountant with a highly-respected medium-sized firm, starting with an $80,000 salary, plus full medical benefits, pension plan and stock options. In your second week on the job, you discover something very disturbing - $70,000 in compensation expense was deducted by the firm - however, it is not really compensation expense - this amount represents tuition payments for the Controller's daughter, who attends Harvard Law School. The Controller has worked there for 20 years and is very popular. You now have the opportunity to dig yourself out of debt, but there are definite legal and ethical issues involved. It should also be noted that you are a CMA - you passed a rigorous 8-hour exam and must adhere to their code of ethics. This is a great job - will you jeopardize it ? What should you do ?
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