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CASE INFORMATION Michael Hancock is a finance executive at one of the world's largest corporations, XYZ Corporation. Throughout his career at XYZ, he...

I need help with this accounting case. 

You have to answer the following questions. 

  • Identify the major stakeholders in this case.
  • Identify the ethical issues in this case.
  • What are the pros and cons of accepting the offer?
  • What are the pros and cons of not accepting the offer?
  • Taking into consideration the ethical issues present, would you the accept offer?
  • What are some other possible solutions to this problem that do not involve internship swapping?
CASE INFORMATION Michael Hancock is a finance executive at one of the world’s largest corporations, XYZ Corporation. Throughout his career at XYZ, he has worked hard to build a good reputation. Like many executives at XYZ, he came in through the Financial Management Program (FMP), which is undoubtedly one of the main reasons for his continued success in the company. FMP is a prestigious, entry-level, two-year rotational program for college graduates interested in pursuing a career in finance or accounting at XYZ. Candidates are chosen for the FMP Internship during their junior year and upon successful completion of the internship, they are offered placement in the full-time program. Since the program was so beneficial to Michael, he have decided to be a part of the FMP recruitment team. Michael’s life-long friend, Gary, is an audit partner at one of the Big Four accounting firms, ABC, LLP. Both of them have daughters in college that are majoring in accounting. Their daughters have grown up together and Michael considers Gary’s family to be his family. Gary reaches out to Michael, because his daughter, Ashley, is having difficulty obtaining an internship for the upcoming summer. Michael knows that their family has had a rough year because Gary and his wife are currently going through a divorce. Gary feels guilty that his marital problems may be the cause for Ashley’s poor academics, which are most likely the reason for her not being able to obtain an internship. Ashley’s GPA has fallen to a 3.0, which, unfortunately, is not very competitive for accounting internships. Because of strict company policy, Gary knows that he cannot hire his own daughter, so he proposes an internship swap. He offers to give Michael’s daughter, Tiffany, an audit internship at his firm in exchange for Michael placing Ashley in the FMP Internship. Tiffany has received an offer from a smaller, regional accounting firm, but you know her dream is to work at a Big Four. Positions at Big Four firms are extremely competitive, and this may be her only way in. Like any father, Michael Hancock wants to see his child reach her full potential and he knows Gary is desperate to do the same. Michael also knows that even though Ashley’s GPA is not very competitive; he could easily use his power as an executive to move her name to the top of the list. He also know that there are a lot of great candidates already being recruited for the program, and in order to give Ashley the internship, one of these highly qualified students will be forced to seek other internship opportunities. In today’s increasingly competitive business world, it has become crucial for young professionals to obtain at least one internship in their respective fields before completing their undergraduate degrees.` Both Michael and Gary’s daughters are approaching their senior year of undergraduate studies, so this is their final opportunity to gain internship experience before graduation. If he gives Ashley the internship, she will automatically be considered for a full-time position at XYZ upon completion of the FMP Internship. If Tiffany Hancock is given the audit internship at ABC, there is a good chance that it will lead into a full-time offer as well. Michael Hancock has to weigh his options and decide whether or not he should partake in the internship swap. 1
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DISCUSSION QUESTIONS 1. Identify the major stakeholders in this case. 2. Identify the ethical concerns in this case. 3. What are the pros and cons of accepting the offer? 4. What are the pros and cons of not accepting the offer? 5. Taking into consideration the ethical issues present, would you accept Gary’s offer? 6. What are some other possible solutions to this problem that do not involve internship swapping? 2
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Questions from a case.docx

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The major stakeholders in the above case are three main people. Michael, Gary, and Gary’s
daughter. Michael’s daughter Tiffany Hancock is another shareholder in the...

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