Recently, you have been hired to manage all of the accounting duties for a local hardware store. This is your first job, since graduating.
Question:
Recently, you have been hired to manage all of the accounting duties for a local hardware store.
This is your first job, since graduating. The Harper Hardware Store is a local family-owned
business that has operated for more than three decades: it is a staple of the community. The
organizational polices are “understood”, but often ignored. It is not uncommon for staff to extend
credit to friends without conducting a credit check. Thus, the outstanding receivables balance
continues to grow. You have also noticed that one of the employees (a family member) has been
pilfering cash. A thorough analysis of the company’s financial performance over the last five
years shows that key financial rations have been trending downward, consistently.
REQUIRED:
Include at least two sources, appropriately cited and referenced. 500 word minimum.
NOTE: The following questions are not in any particular order. ORGANIZE your discussion in
a logical manner.
Discuss the ethical implications and demonstrate your decision-making processes for the above
scenario. Below are questions that may help guide your discussion. The questions are a guide (a
sentence or two answering each question is insufficient) You should provide a well-organized
thoughtful discussion of the ethical situation and the business problem that the company faces.
What ethical dilemma does the accountant face?
What business problems(s) does the company have?
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