Question: Module 2: Discussion Forum Nicole Martins is the controller at UMC Corp., a publicly-traded manufacturing company. Last year, UMC had annual sales revenue of $15

Module 2: Discussion Forum

Nicole Martins is the controller at UMC Corp., a publicly-traded manufacturing company. Last year, UMC had annual sales revenue of $15 million. The first quarter of this year just ended, and Nicole needs to prepare a trial balance so she can prepare the quarterly financial statements. However, trial balance is out of balance by $750 (credits exceed debits).

Nicole is running out of time as the report is due today! Therefore, she decides to balance by plugging the $750 into the Equipment account. She chose the Equipment account because it has the largest account balance. Therefore, with the $750 added, it will be the least-misstated account.

Identify the stakeholders in the case.

Explain the ethical issues the case involves.

If you were Nicole, what would you do?

Respond to two or more of your classmates postings in any of the following ways:

Build on something your classmate said

Explain why and how you see things differently

Ask a probing or clarifying question

Share an insight from having read your classmates posting

Offer and support an opinion

Expand on your classmates posting.

Refer to the discussion grading rubric for more information on expectations of class discussions

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