Overstating Sales Revenue (Case Study Sample)
● Word Count: 300-400
● Formatting Style: MLA (for more information click here)
● Essay Structure: Case Study
*** Any sources must be properly cited according to the formatting style assigned
Harmony is the Senior accountant of a Bank. Junior accountants of all the branches report to her. While preparing for the final quarter sales report, she finds that two out of the four branches have failed to achieve the sales targets for the second consecutive quarter. According to the company policy, the branches that fail to achieve targets in two consecutive quarters have to be closed. Harmony feels sad for all the people losing their jobs and decides that she will overstate the sales revenue generated by every branch and report manipulated figures in the financial statements.
Answer the following questions.
Describe Harmony’s actions from ethical standpoint. Is she doing the right thing?
What can be the consequences of Harmony’s actions. What are the risks involved? What would you suggest to Harmony?
Financial Prompts Case Study
Overstating sales has censorious adverse effects on the income tax incurred by a given organization or company. Based on Harmony's case, she develops sympathy towards the affected individuals from the branch who failed to achieve the sales target. From an ethical point of view, executing organizational operations and duties based on emotions is discouraged. The primary reason for restricting emotion-based decisions is the inconsideration of definite organizational policies. Furthermore, emotions tend to differ depending on the given situation an organization's personnel is in, thereby posing significant risk against the specific organizational or company objectives (Siregar et al. 68). Harmony’s decision is not in compliance with the company’s policy resulting into a direct violation which could be penalized. As the Senior accountant of the bank, she needs to lead and operate within the defined limits and constraints of the
- The Case Involves a Methodology that Could be Used to Solve the ProblemDescription: Kelly Services enjoys increased growth and profitability without obtaining any debt financing. These circumstances are intriguing to Mr. William Murry, whose professor taught him that using debt is less expensive than equity. To solve this problem, Mr. Murry wants to prove to his colleagues...2 pages/≈550 words| No Sources | MLA | Accounting, Finance, SPSS | Case Study |
- Ethical and Unethical Financial ReportingDescription: Good accounting and financial reporting processes align with our most fundamental societal needs. It establishes authority in the eyes of the general public and employees alike. Ethics and accounting are designed to keep the public safe from shady businesses. In most industries, accountants either conceal or...3 pages/≈825 words| 3 Sources | MLA | Accounting, Finance, SPSS | Case Study |
- Saudi Arabia's Oil Dependency Issues and Foreign Investment OptionsDescription: Investments entail various resources spent with an assumed future benefit. Such resources may take the form of time, energy, or money, which are systematically allocated within a particular timeframe. Foreign investments are arguably a solution that most countries seek to foster development and economic...4 pages/≈1100 words| 10 Sources | MLA | Accounting, Finance, SPSS | Case Study |