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Untitled 3

In: Business and Management

Submitted By lmcordial1
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Case 2.5

Assessment of four proposals is as the following:
1) Company has expansion plans and it is planning to by Wood master for $8 million ( $8,000,000). Just to Improve the cash situation of the the current year, the company is also planning to delay it till next year. Not only is this Unethical, as per
U.S. GAAP, the fact of the capital expansion should be disclosed to the users of the financial statement as a note to financial statements. Hiding these facts ar unethical too as it will misguide the investors and creditors.
2) Company is planning to show only have of there accounts payable in order to show strong financials. This is also considered to be unethical, as per the U.S.
GAAP, the financial disclosure should be true to facts and fair. Unfair financial disclosures are also considered unethical to as well as misleading to the investors and creditors. 3) Company is planning on postponing the debt repayment in order to improve liquidity position. As per the U.S. GAAP, the financial disclosure should be true and fair. By showing fictitious cash flow company will show violation of the rules. Unfair financial disclosures as pointed out before are considered to be unethical and misleading to the financial statements.

Case 2.5
4) As per cost principle, the land should be shown at cost and not at realizable value hence the asset shown at $2 million ( 2, 000,000) and not at 6 million
(6,000,000). Increase in stockholder’s equity along with total assets is considered to be unethical also.

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