Accountants often consider it a part of their job to help their organizations succeed. Often, his assistance
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REQUIRED INFORMATION ANALYSIS
The following questions will help you analyze the information for this problem. Do not turn in your answers to these questions unless your professor asks you to do so.
A. Explain why accountants must often use judgment to decide whether a particular cost is reimbursable under a cost-based contract.
B. Discuss whether maximizing reimbursements under cost-based contracts is an ethical issue for accountants.
C. Is your answer to Part B affected by the size of a potential overcharge? Why or why not?
D. Identify the major groups of stakeholders for this problem. From the perspective of each major stakeholder group, discuss the pros and cons when accountants help their organizations maximize reimbursements under cost-based contracts.
E. What trade-offs must accountants make when deciding whether to help their organizations maximize reimbursements under cost-based contracts?
REQUIRED WRITTEN ASSIGNMENT
Turn in your answer to the following.
F. Use the information you learned from the preceding analyses to help you write an essay in response to the following question: Is it ethical for accountants to help their organizations maximize reimbursements under cost-based contracts?
Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...
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Related Book For
Cost Management Measuring Monitoring And Motivating Performance
ISBN: 9781118168875
2nd Canadian Edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
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