In one of the cases discussed in class, the company records revenue on a shipment to...
In one of the cases discussed in class, the company records revenue on a shipment to a customer that doesn’t want delivery yet in order to include the revenue in the current quarter. One proposal to resolve the ethical dilemma is to offer the customer a large price discount to accept delivery early. Two questions:
|
Is this a violation of GAAP? |
Answer 1Choose...A. Yes B. No |
|
Is this generally considered ethical? |
Answer 2Choose...A.Yes B. No |
Homework Answers
| Ans 1 | |||
| Yes, it’s a violation of GAAP | |||
| As customer does not want so by giving larger discounts | |||
| they want the same to be done. Hence violation of GAAp | |||
| ans 2 No, it is not considered eithical | |||
| As larger discounts are only offered because they want to include | |||
| the revenue in the same quarter. This is not the general practise in company | |||
| Hence it is not eithical | |||
| If any doubt please comment | |||
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