Financial Accounting, Student Value Edition (5th Edition)
Financial Accounting, Student Value Edition (5th Edition)
5th Edition
ISBN: 9780134728520
Author: Robert Kemp, Jeffrey Waybright
Publisher: PEARSON
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Chapter 6, Problem 1EIA
To determine

Discuss the ethical concerns in the given situation.

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Andy Frame and his supervisor are sent on an out-of-town assignment by their employer. At the supervisor’s suggestion, they stay at the Spartan Inn, across the street from the Luxury Inn. After three days of work, they settle their lodging bills and leave. On the return trip, the supervisor gives Andy what appears to be a copy of a receipt from the Luxury Inn for three nights of lodging. Actually, the supervisor indicates that he prepared the Luxury Inn receipt on his office computer and plans to complete his expense reimbursement request using the higher lodging costs from the Luxury Inn.Required: What are the ethical considerations that Andy faces when he prepares his expense reimbursement request and how often do you think this happens in the real world?
A) You have seen an advertisement in a local newspaper for a job vacancy in the Bahrain Museum during the holidays. You have decided to apply for the job. Write a letter (around 150 words) to Mr. BLACK, the director of the Museum. Include the following in your letter: introduce yourself: (YOUR NAME IS NOOR AHMED and your school is "SUCCESS SCHOOL") explain what experience and special skills you have explain why you are interested in the job
You are a summer intern working for a major professional services firm. During your lunch break each day, you and fellow intern, Bob, eat at a local sandwich shop. One day, Bob's girlfriend joins you for lunch. When the bill arrives, Bob pays with a company credit card and writes the meal off as a business expense. Bob and his girlfriend continue to be "treated" to lunch for a number of days. You know Bob is well aware of a recent memo that came down from management stating casual lunches are not valid business expenses. When you ask Bob about the charges, he replies, "Hey, we're interns. Those memos dont apply to us. We can expense anything we want." QUESTIONS: 1. Who are the relevant facts? 2. What Are the Ethical Issues? 3. Who Are the Primary Stakeholders? 4. What Are the Possible Alternatives? 5. What Are the Ethics of the Altermatives? 6. What Are the Practical Constraints? 7. What Actions Should Be Taken?
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