In groups of three or four, make a list of possible reasons that the actual ending inventory might not agree with the ending inventory according to a computer system. Jason Tierro, an inventory Jason Tierro, an inventory clerk at Lexmar Company, is responsible for taking a physical count of the goods on hand at the end of the year. He has been performing this duty for several years. This year, Jason was very busy due to a shortage of personnel at the company, so he decided to just estimate the amount of ending inventory instead of doing an accurate count. He reasoned that he could come very close to the true amount because of his past experience working with inventory.
The stress that can compel a company to doctor their financial data can override the compromise of ethics within an organization. A look back at the catastrophic financial mistakes of health care organizations in the past illustrates the devastation unethical accounting can cause. HealthSouth provides an excellent glimpse into the horrible consequences when it all comes crashing down. According to Bouchard (2012), "Committing fraud, said the former CFO, had consequences he couldn’t and didn’t foresee. It nearly destroyed him emotionally, which is why he retired to everyone’s surprise in 1997 at the age of 54, just a year after the fraud began.
Unit 6 Case Study LS501: Ethics and the Professional Karen Sweeney April 19, 2012 MEMO To: The File From: Ima Lawyer Date: April18, 2012 Re: Last Meeting As the General Counsel for ABC Company, I attend confidential planning meetings with ABC’s executives. At a recent meeting, Charles, ABC’s Chief Operating Officer, revealed the tanks at the waste-water storage facility were leaking. If the water is not released from the tanks, they could explode. Until Maintenance can repair the leak, the company’s best option is to dump highly toxic water into the sewer system to relieve the pressure on the tanks. He also wants to keep the leak and the plan to discharge confidential.
After calling the GM at home and explained the issue I was having he blamed me for ordering the wrong item. I was forced to continue braking down the product and sent the crew home when it was finished followed by canceling Sunday shift. Monday rolls around and I reorder the correct product and they rush the order to be delivered Tuesday 8:00 am. The GM approaches me late Monday morning to explain that he told me the incorrect item number according to his notes taken at the time of the meeting with the GM and the customer. He went on to discuss how he should have had me present in the meeting to go over important details to make the project on budget.
A recent economic downturn has seriously affected the auto industry and your company, as well. Your company has merged with two other brake component companies in an effort to gain production efficiencies and lower unit costs. You are the lead HR person for the new entity. Based on your analysis of the three previous executive compensation approaches, you have decided with board approval to redesign the executive compensation for the new combined organization. Describe the components of an executive compensation plan.
The central compliance issue that they are working to curtail is their many violations of the Servicemembers Civil Relief Act (SCRA). Since 2003, the company has undergone scrutiny about overcharging servicemembers and recently returned servicemembers from active duty, which caused many of the servicemembers to face the possibility of a bank foreclosure. When this issue was brought to the company’s attention, J.P Morgan Chase identified two problems. The first was the fact that four thousand-five hundred servicemembers were charged interest and fees that were way above the regulatory cap. Secondly, J.P Morgan Chase
Brittany Canaday Ivy Tech Community College Legal Case Study January 25,2015 PG&E worker wins $1 million in Santa Cruz wrongful termination lawsuitThis case is about a power line worker who was wrongful terminated from his job after making safety complaints against the company that he worked for and was awarded $1million in the lawsuit case. He worked with the company for 8 years. His supervisor asked him and his crew to repair a broken electrical pole and that it could be done without shutting the power off to that pole. When the power lines broke as they were working on it, it came close to touching one another which would of caused a explosion and possibly injuring him or his crew. The employer said “they just want to keep peoples
There were pictures taken of the merchandise and and some were in the paper labeling him as a thief. They said he had stolen $50,000 worth of merchandise from Wal-mart, which of course was not true at all he had the receipts to prove it. When the jury was instructed to make their verdict they were told that for the intrusion invasion of privacy that David Clark had the burden of proving six essential propositions to collect damages. 1) David had sustained damages- which in this case he did he lost all of his belongings and was labeled a thief and he also lost his job. 2) That Wal-mart intruded physically or otherwise, without permission, invitation, or valid consent upon the solitude of David Clark- which in this case he told them they could check and see that he did not have any fishing equipment, but they went further then what they were suppose to and intruded on his personal environment.
Phase 4- Discussion Board Colorado Technical University PSYC336 Abnormal Psychology Professor: Bosede, Andrews By: Erika Santos February 5, 2012 Key Assignment Draft The following scenario is about a new patient name George and he is a 33-year-old male. His records states that he was arrested for stealing money of people that he was fixing their houses. The amount of money reach $ 100,000 and he bought a car and other expenses. Afterward the evaluation was concluded it was established that George has antisocial personality disorder. My duty as a medical student is to assist the on-staff psychologist by reviewing the evaluation in addition to that go over the subsequent objects as well as clarify the disorder that George has.
There can be a lot of factors as to why companies file for bankruptcy and closure. In the case of Enron, the first set of problems in the company manifested when traders reluctantly gambled with company assets in the oil market. They lost $90 million in a period of five days. Since then company reserves disappeared and auditors saved the company by reporting fake net worth and imprecise trading revenues resulting to accounting scandals in the company. Due to the company’s compound business model and unethical practices, they required that the balance sheet is to be modified accordingly to illustrate satisfactory