Accounting Ethics Case 1

Accounting Ethics Case 1 - Pitsa Johnson Accounting 201...

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Unformatted text preview: Pitsa Johnson Accounting 201 Section 004 11 September 2007 Ethical Decision Making: Case 1 1. Obstruction of Honesty, Integrity, and Responsible Citizenship: If you, as an accountant for the insurance company, knowingly and wrongly credit an unearned revenue account as an earned revenue account, the honesty and integrity you should be upholding as an accountant will be shattered. Regardless of the situation your boss, Mike Lynch, is currently in, to follow through with his request would be shameful and unethical simply because it is untruthful. 2. Destruction of Credibility: If you, as an accountant incorrectly document the revenue account, your own credibility will be shot. If it is found that you have manipulated the data for the favor of the insurance company, who will trust your work enough to hire you again? A career can be ruined because of one such mistake....
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This essay was uploaded on 04/07/2008 for the course ACCT 201 taught by Professor Shleifer during the Fall '08 term at Clemson.

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Accounting Ethics Case 1 - Pitsa Johnson Accounting 201...

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