300 Words. A Company That Recently Violated Code Of Ethics.

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Throughout history, various organizations have impacted society, as a whole, due to unethical actions and behaviors. Examine one organization that has been in the news within the past seven years for displaying unethical behaviors. Then, do the following:
Provide an overview of this organization (e.g., company name, industry, and mission/vision). Find the companys Code of Ethics/corporate governance document and examine what aspects of these ethics were violated. Justify your rationale for why you believe certain components were violated, as related to the unethical behavior that occurred. Using information/research gained through the course thus far, how would you have modified their Code of Ethics to, hopefully, prevent these unethical lapses of judgment?
Your initial posting should be well-researched, be at least 300 words in length, and must be submitted by Thursday, midnight, of this week. Your initial post must meet APA guidelines and include at least ONE scholarly reference from course materials. The two reply posts to your fellow students must be similarly substantive in a manner that address two of the following bullets:Case Study—Accounting Ethics: nursing assignment help services
I’m working on a Accounting exercise and need support.

Review Case Study 7-2: Solutions Network, Inc. (a GVV case).

Respond to questions 1 and 2 in 350 to 700 words.

Submit your response.

Case 7-2 Solutions Network, Inc. (a GVV case)

“We can’t recognize revenue immediately, Paul, since we agreed to buy similar software from DSS,” Sarah Young stated.

“That’s ridiculous,” Paul Henley replied. “Get your head out of the sand, Sarah, before it’s too late.”

Sarah Young is the controller for Solutions Network, Inc., a publicly owned company headquartered in Sunnyvale, California. Solutions Network has an audit committee with three members of the board of directors that are independent of management. Sarah is meeting with Paul Henley, the CFO of the company on January 7, 2016, to discuss the accounting for a software systems transaction with Data Systems Solutions (DSS) prior to the company’s audit for the year ended December 31, 2015. Both Young and Henley are CPAs.

Young has excluded the amount in contention from revenue and net income for 2015, but Henley wants the amount to be included in the 2015 results. Without it, Solutions Network would not meet earnings expectations. Henley tells Young that the order came from the top to record the revenue on December 28, 2015, the day the transaction with DSS was finalized. Young points out that Solutions Network ordered essentially the same software from DSS to be shipped and delivered early in 2016. Therefore, according to Young, Solutions Network should delay revenue recognition on this “swap” transaction until that time. Henley argues against Sarah’s Page 474 position, stating that title had passed from the company to DSS on December 31, 2015, when the software product was shipped FOB shipping point.
Background
Solutions Network, Inc., became a publicly owned company on March 15, 2011, following a successful initial public offering (IPO). Solutions Network built up a loyal clientele in the three years prior to the IPO by establishing close working relationships with technology leaders, including IBM, Apple, and Dell Computer. The company designs and engineers systems software to function seamlessly with minimal user interface. There are several companies that provide similar products and consulting services, and DSS is one. However, DSS operates in a larger market providing IT services management products that coordinate the entire business infrastructure into a single system.

Solutions Network grew very rapidly during the past five years, although sales slowed down a bit in 2015. The revenue and earnings streams during those years are as follows:
Year Revenues (millions) Net Income (millions)
2010 $148.0 $11.9
2011 175.8 13.2
2012 202.2 15.0
2013 229.8 16.1
2014 267.5 17.3
Young prepared the following estimates for 2015:
Year Revenues (millions) Net Income (millions)
2015 (projected) $262.5 $16.8
The Transaction
On December 28, 2015, Solutions Network offered to sell its Internet infrastructure software to DSS for its internal use. In return, DSS agreed to ship similar software 30 days later to Solutions Network for that company’s internal use. The companies had conducted several transactions with each other during the previous five years, and while DSS initially balked at the transaction because it provided no value added to the company, it did not want to upset one of the fastest-growing software companies in the industry. Moreover, Solutions Network might be able to help identify future customers for DSS’s IT service management products.

The $15 million of revenue would increase net income by $1.0 million. For Solutions Network, the revenue from the transaction would be enough to enable the company to meet targeted goals, and the higher level of income would provide extra bonus money at year-end for Young, Henley, and Ed Fralen, the CEO.
Accounting Considerations
In her discussions with Henley, Young points out that the auditors will arrive on January 15, 2016; therefore, the company should be certain of the appropriateness of its accounting before that time. After all, says Sarah, “the auditors rely on us to record transactions properly as part of their audit expectations.” At this point Henley reacts angrily and tells Young she can pack her bags and go if she doesn’t support the company in its revenue recognition of the DSS transaction. Young is taken aback. Henley seems unusually agitated. Perhaps he was under a lot more pressure to “meet the numbers” than she anticipated. To defuse the matter, Sarah makes an excuse to end the meeting prematurely and asks if they could meet on Monday morning, after the weekend. Henley agrees.

Over the weekend, Sarah calls her best friend, Shannon McCollough, for advice. Shannon is a controller at another company and Sarah would often commensurate with Shannon over their mutual experiences. Shannon suggests Page 475 that Sarah should explain to Paul exactly what her ethical obligations are in the matter. Shannon thinks it might make a difference because Paul is a CPA as well.

After the discussion with Shannon, Sarah considers whether she is being too firm in her position. On the one hand, she knows that regardless of the passage of title to DSS on December 31, 2015, the transaction is linked to Solutions Network’s agreement to take the DSS product 30 days later. While she doesn’t anticipate any problems in that regard, Sarah is uncomfortable with the recording of revenue on December 31 because DSS did not complete its portion of the agreement by that date. She has her doubts whether the auditors would sanction the accounting treatment.

On the other hand, Sarah is also concerned about the fact that another transaction occurred during the previous year that she questioned but, in the end, went along with Paul’s accounting for this transaction. On December 28, 2014, Solutions Network sold a major system for $20 million to Laramie Systems but executed a side agreement with Laramie on that date which gave Laramie the right to return the product for any reason for 30 days. Even though Solutions Network recorded the revenue in 2014 and Sarah felt uneasy about it, she did not object because Laramie did not return the product; her acceptance was motivated by the delay in the external audit until after the 30-day period had expired. Now, however, Sarah is concerned that a pattern may be developing.

Should Sarah follow Shannon’s advice? What if she does and Paul does not back off? What additional levers can she use to influence Paul and make her values understood? What is the most powerful and persuasive response to the reasons and rationalizations Sarah needs to address? To whom should the argument be made? When and in what context?Criminal DB
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You are a manager in a correctional facility that has just announced the introduction of a total quality management process that will eventually involve all employees in all departments.

Write a short, informal speech, consisting of a half-dozen sentences in total, that you can use to explain concisely to someone who asks, “What’s this quality stuff all about and how can you use it in a correctional institution?” (Note: since time is frequently limited in many work situations, it is helpful to have a clear, well-thought-out response ready at all times. This kind of response is sometimes referred to as an “elevator speech” because you can deliver it in full between elevator stops).

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