Accounting Problems C4, C5

Accounting Problems - employer that I am not yet qualified to complete such a task in the time allotted 5 This would be in direct conflict with my

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Bryan Redic ACCT Sect 1:00 – 1:50 Chapter 1 C4. 1. Accountants are required to keep client information confidential. I would tell the employee that I am not at liberty to disclose such information. 2. As an accountant with integrity, I would put the well-being of the company before the wellbeing of my relationship with the branch manager. I would notify a qualified person of what was going on. 3. Accepting this type of gift would cause me to not have the ability to be independent. It would cause a conflict of interest between my employer, the supplier and me. I would return the gift and tell the supplier that in order to be impartial, I cannot accept the gift. 4. Accepting this job would be in direct conflict with having integrity. I would notify my
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Unformatted text preview: employer that I am not yet qualified to complete such a task in the time allotted. 5. This would be in direct conflict with my integrity as an accountant. I would instead include the $200 dollars in my tax return. 6. This would cause a conflict of interest. This information might make me do things that I wouldn’t otherwise do in order to make the return on my 200 shares more profitable. I would notify my employer of the shares and insist that I not work with or for that client. C5. 1. Consolidated Statements of Operations, Consolidated Balance Sheets, Consolidated Statements of Cash Flows, and Consolidated Statements of Shareholders’ Equity. 2. 60959.9 (Assets) = 26385.5 (Liabilities) + 34574.4 (Owners’ Equity)...
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This note was uploaded on 01/23/2012 for the course BUS 1000 taught by Professor Annerich during the Fall '10 term at Cedarville.

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