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Objective: Synthesize the financial data for service, merchandising, and manufacturing companies
Mindset: Appreciate the different financial statements used for different types of companies
Instructions
Managers are frequently faced with ethical decisions. There are mandatory sources to refer to when these decisions surface, such as GAAP and the IMA code of ethics. Colleagues can also be a source of guidance in the decision making process. Personal preferences must be secondary to the guidelines set forth in these sources. In this exercise, students will have the opportunity to engage with a dilemma and use the sources available to make the decision.
Review Chapter 1.
Complete Problem 31B on p. 41
Read the IMA Code of Ethics (Links to an external site.)
Write a 1-page double spaced paper that addresses the question in the exercise.
book : Managerial Accounting
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