Question: Mary Branson is the Division Controller and Robert Carson is the Division Vice President of Chandler Manufacturing Company. Due to pressures to meet earnings estimates
Mary Branson is the Division Controller and Robert Carson is the Division Vice President of Chandler Manufacturing Company. Due to pressures to meet earnings estimates for 2019, Carson instructs Branson to record as revenue $3,000,000 of orders for computers that are still in production and will not be shipped until January 2020.
Required:
- Which of the professional standards within the IMAs Statement of Ethical Professional Practice should Branson consider in defending her course of action in this matter?
- What should Branson do if Carson does not acquiesce and still insists that the revenue be recorded in 2019?
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