FNS60217 - Complex Ethical Decision Making Report Writing - Accounting Assignment Help

Assignment Task -

1. Identify at least 3 personal and 3 professional ethical principles that apply to accountants at work. Explain how each of these influence behaviour and actions in the workplace providing examples to illustrate your answer.
2. Financial rewards and incentives. Analyse the impact that the offering of financial rewards (e.g. a cash payment) and other incentives (free tickets to an event) may affect an accountant’s actions. Give examples to support your answer linking your answer back to the Code of Conduct. 
3. Analysis of the impact of context, group dynamics, and cognitive biases on conduct and behaviour at work. 
4. Analysis of how psychological tendencies and decision-making biases can prevent employees from perceiving ethical issues in decision-making
5. Analysis of the differences between ethical conduct and compliant or legal conduct.

Case study:

Andrews Building Supplies is a wholesaler of building supplies and has been in operation for 5 years. The company’s year-end is 30 June and you are finalising the year end accounts. 

John the Warehouse and Distribution Manager comes into see you and advises you that a high level of slow-moving stock which has been sitting in the warehouse for 9 months. As per company procedures, when stock is more than 6 months old it is written down.

The company is currently being sold, and the Managing Director (also a shareholder) has advised you not to write down the stock in the year end accounts. 

You consider that this may be because he wishes the financial statements to show a higher stock valuation that entices potential buyers. He has recently had an offer for the business and wants to provide the financial statements based on this. He has also indicated that if the proposed sale goes ahead everyone will keep their jobs and you will get a 10% pay rise. 

For case study, complete the following:

1. Identify and describe the legal requirements and ethical issues associated with the workplace situation. 
2. Clearly explain the differences between the legal and ethical aspects of the situation, as well as how the differences between the two can impact decision making. 
3. Identify and analyse relevant ethical framework/s that should be applied to this situation. Describe each of the frameworks and explain why they are relevant to this situation.  
4. Identify any factors that may prevent the application of the ethical framework to this workplace situation and their importance to the situation.

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