Topic: Characters: Survive the Year Asset Valuation/Write-Downs Chris, new controller of a small construction company Robin, CEO of the same company Chris, a CPA and formerly a staff accountant for a large public accounting firm, is the new controller for a small construction company that employs 60 people. The company is now facing tough times in light of a downturn in the construction industry. Both Chris and the CEO, Robin, know the collectibility of a material receivable from Ender Corporation is in doubt. Just before year-end, Chris goes in to talk to Robin. Chris says, “Ender has real problems. The word on the street is they won’t last the year. We need to adjust the allowance for the Ender receivable.” Robin replies, “If we do that, we’re not going to look good, and the auditor may have to mention our shaky financial position. If we don’t get a clean opinion, we won’t get the bank loan we’re applying for, and we might be out of business, too, by this time next year. This loan is really important to us. If we can just weather this downturn, I know business will pick up.” Back in the controller’s office, Chris ponders what can be done to help Robin and the company. Chris remembers the past years working in public accounting and is certain the auditor would want to know about Ender’s difficulties. answer these questions Please answer the following questions; 1. Each case ends with a decision to be made. First, putting yourself in the role of the decision maker, indicate your key decision options. What basic choices do you have? Second, do a stakeholder analysis, per our class discussion based on the key decision options and effected stakeholder. Do not forget to tally the decisions at the end of the stakeholder analysis. Note: Do not summarize the case in your paper unless you wish to make some additional assumptions. Assume the reader knows the content of your case. 2. The Prescriptive Approach consists of theories that help you decide what decisions you should make. Continue to put yourself in the role of the decision maker and describe what decision you should make under two of our reviewed Prescriptive Approaches. You can pick any two approaches you like. What decision would be made under the approach? How does this selected decision align with the Prescriptive Approach? 3. At least one of our reviewed Moral Disengagements are usually present when an ethical situation is described. Can you find any examples of Moral Disengagement in the case study? Please describe how your example aligns with Moral Disengagement.
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