Maurice Tutor

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About Maurice Tutor

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Expertise:
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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 6 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 6.00

Ron Hollister

Ron Hollister is a member of a group of students who have been given an accounting assignment by their professor. Ron is responsible for the portion of the assignment that requires the preparation of the trial balance and the financial statements. The assignment is due within an hour and Ron is working alone. All he has to do is complete his part of the assignment and hand the entire document in for grading. He has just prepared the trial balance and found out that it does not balance. The total credits are greater than the total debits by $810.

Without telling the other members of the group, Ron forces the trial balance to balance by adding $810 to the general and administrative expense because it was the largest expense and he hoped no one would notice the difference. He wished that he had a few more hours to find out why the trial balance did not balance, but he knows he can’t miss the deadline for handing in the assignment.

 

Instructions

(a) Who are the stakeholders in this situation?

(b) What ethical issues are involved?

(c) What are Ron’s alternatives?

(d) Would your answer change if Ron was a professional accountant and was preparing financial statements for a public company?

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 12:09 AM My Price 6.00

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