BYP1-7 Individual - C) What would you do if you were Wayne...

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Chapter 1 Exercise 1 Chapter 1 Exercise Fadi Fayad ACC/349 07/06/2011 JEROME STASCH
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Chapter 1 Exercise 2 Chapter 1 Exercise BYP1-7 A) Who are the stakeholders in this situation? Wayne Terrago Robbin Industries Vice President of finance President of Robbin Industries B) What are the ethical issues involved in this situation? Some of the ethical issues involve inaccuracy with the decisions between the president of Robbin Industries, the Vice president and others in the company. Violation of GAAP when reporting advertising as inventory of the company rather than advertising expense. This can also lead to corruption in the financial statements.
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Unformatted text preview: C) What would you do if you were Wayne Terrago? If I were Wayne Terrago, I would make sure that all financial statements are completed and followed according to GAAP. I will also make sure that everyone should come up with one convincing decision in which everyone agrees up on. This will make everyone in the Robbin Industries comfortable with the decision they made and no one is held reliable for a wrong decision. Chapter 1 Exercise 3 References Managerial Accounting: Tools for Business Decision Making, 3e, ( Weygandt, Kieso, Kimmel, 2005) Chapter 1...
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This note was uploaded on 07/18/2011 for the course ACC 349 taught by Professor Christie during the Spring '08 term at University of Phoenix.

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BYP1-7 Individual - C) What would you do if you were Wayne...

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