Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. part a each short answer question in this part...

Part A Each short answer question in this part...

80.2K

Verified Solution

Question

Accounting

image

Part A Each short answer question in this part is worth 20 marks. Question 1 Assume you are working as an accountant in a major supermarket chain, Coleworth, which is a listed company. During the financial year low cost competitor supermarkets increased their market share, resulting in Coleworth's revenue being was down 10%. You are now finalising the draft financial statements, and the Chief Financial Officer (CFO) has approached you saying "do whatever you have to do, just make sure these accounts show a profit as big as last year. The industry knows we've lost market share, you have to make it look like we're managing it". Your only option is to revise some of numbers to make the profit larger, and you don't think this is justified. But you're very worried if you don't, you'llose your job. Q1 Analyse your approach to this ethical dilemma with reference to: i) Utilitarian ethical theory ii) Deontological ethical theory iii) APES 110 Code of Ethics for Professional Accountants. 20 marks

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Convert 10.33 Centimeters to Nanometers

Biology
1.2K views

1. What are the causes of the common cold? 2.What is a virus?

Medical Sciences
1.2K views

LASIK procedures have become more accessible and much more common in recent years. Many patients are...

Psychology
1.2K views

From your viewing of the assigned video #1, C.S. Lewis and Intelligent Design, isolate 3 different...

Physics
1.2K views

A long cylindrical conductor of radius R carries current such that current density J varies...

Geometry
1.2K views

1 Does each set of given information guarantee that quadrilateral JKLM is a parallelogram Select...

Basic Math
1.2K views

Graph the ellipse. Be sure to label the center, vertices and foci. ...

Basic Math
1.2K views

The population of Winnemucca, Nevada, can be modeled by P=6191(0.98)' where t is the number...

Calculus
1.2K views

The form of the partial fraction decomposition of a rational function is given below A...

Accounting
1.2K views

Accounting
1.2K views

James Inti acquired a block of land on 1 July 2013 at a cost $1.4...

Accounting
1.2K views

Pie Corporation acquired 75 percent of Slice Company's ownership on January 1,208, for $96,000. At...