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Accounting Information for Managers Assignment

   

Added on  2020-03-23

4 Pages987 Words113 Views
1Accounting Information for Managers<Student ID><Student Name><University Name>

2Question 1 - Ethical decision-makingPart ADetermination of two key facts of the caseIn the particular scenario,there is a need to make necessary recommendation to the CEOabout the tender that must be accepted by the company. You have significant personalinterest in this tendering firm (Collier, 2015).Determination of two ethical issues of the case The basic ethical issue that arises in this scenario relates to the conflict of the interest. Thesecond ethical issue in the case is the high involvement of personal interest of the manager.Determination of the three ethical principles which might be at risk in the givenscenario The ethical principles that might be at risk in the given scenario include honesty and integrityon part of the manager, professional values and practices of the company, and fair managerialpolicies relating to the selection of tender (Birt et al., 2008). Identified alternative courses of action: ConsequencesDeclare an interest and step outside of the decision-making process for this particular tender –This is the most ethical and fair option that must be selected by the manager. By choosingthis alternative, the manager’s integrity and honesty would remain intact.Declare an interest and remain part of the decision-making process and complete yourrecommendation for your company – The declaration of the manager’s interest would be agood move. But the objectivity of the manager relating to the decision-making power of themanager cannot be ascertained (Demski, 2013). A probable consequence could be hisremoval from decision-making panel due to resistance from other shareholders.Don’t declare an interest and continue to do your job by making a recommendation – Thisunethical method could damage the common interest of the undertaking and the manager(Guy, 1990). Part BDetermination of three key facts of the caseThe small business owner has to make a financial payment to an overseas governmentofficial. The market entry of the business depends on the official’s assistance in the new

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