thread to help start the conversation! manication Create Thread Board ignments FORUM DESCRIPTION Chapter 1: Suppose you are controller of a medium size of exploration company in west Texas You adhere to the standarts of a conduct for management accountants How would those standards affect your behavior in each of the following situations? 1 Late one Friday afternoon you receive a geologist's report on a newly purchased property it indicates a much higher probability of od hand previously been expected. You are the only one to read the report that day At a party on Saturday night, a fend asks about the prospects for the property 2. An oil industry stock analyst invites you and your spouse to spend a week in Tahiti free of charge. All she wants in returns to be the first to know about any financial information your company is about to announce to the public 3 it is time to make a forecast of the company's annual earnings. You know that some additional losses will be recognized before the company prepares final statements. The company's president has asked you to ignore these losses in making your prediction because when expected earnings forecast could adversely affect the chances of obtaining a loan that is being negotiated and that will be completed before the warnings are announced 4 You do not know whether a particular expense is deductible for income tax purposes. You are debating whether to search the laws or simply to assume that the item is deductible Alter all you are not added, no one will ever know the difference you are did you can lead gnorance of the law tachiband thread to help start the conversation! manication Create Thread Board ignments FORUM DESCRIPTION Chapter 1: Suppose you are controller of a medium size of exploration company in west Texas You adhere to the standarts of a conduct for management accountants How would those standards affect your behavior in each of the following situations? 1 Late one Friday afternoon you receive a geologist's report on a newly purchased property it indicates a much higher probability of od hand previously been expected. You are the only one to read the report that day At a party on Saturday night, a fend asks about the prospects for the property 2. An oil industry stock analyst invites you and your spouse to spend a week in Tahiti free of charge. All she wants in returns to be the first to know about any financial information your company is about to announce to the public 3 it is time to make a forecast of the company's annual earnings. You know that some additional losses will be recognized before the company prepares final statements. The company's president has asked you to ignore these losses in making your prediction because when expected earnings forecast could adversely affect the chances of obtaining a loan that is being negotiated and that will be completed before the warnings are announced 4 You do not know whether a particular expense is deductible for income tax purposes. You are debating whether to search the laws or simply to assume that the item is deductible Alter all you are not added, no one will ever know the difference you are did you can lead gnorance of the law tachiband