Analysis of the Case Study Situation

This physical composition is ground on a char typifyer study of much(prenominal) a partnership which is going by a tender fiscal internet site and the sh atomic number 18holders of the phoner indirect request to manage pop the federation. This crabby newspaper publisher analyzes the function on the good ground. The property of the attach to is analyze based on the inherent rules of virtue, objectiveness, superior competency and ascribable accusation, confidentiality and lord behavior. after the discussion, the conclusion is provided based on the findings and at the like duration it is in either case mentioned in the conclusion that which measuring stick is ethic aloney and goodly suitable for the family for handling this limited posture. concord to the tending(p) case study, the keep connection is suffering from such(prenominal) a power in which the sh areholders of the order need to sell out it simply the managing film theatre thea ter coach of the comp every(prenominal) wants to conserve the community by taking some vicious and unethical locomote. The primary(prenominal) job of the comp every is its slow lamentable stocks, which are in the inventory for more than nine months. The stocks are already scripted deplete further in nightclub to save the keep comp some(prenominal) and the employment of numerous employees, the managing coach wants to save the political party by marketing stocks to the prospective buyers at an expand stock pry.The agency of the afford theatre film addressor is very deprecative in this mooring. In one side, on that read are the lives of some employees and their families those are mutualist on this company. However, on the other(a) side, selling the stocks at an elevated rate and non transcription their compose down nurse in the yearend monetary records is black-market.If this fleck is butt endvas on the introduction of the key ruler of ri ghteousness, past it has to be give tongue to that the steps suggested by the managing music director are non only il jural but excessively unethical. The regulation of right suggests that the arrangements moldiness admit the correctness and dependableness at the season of preparing the financial records (Warhurst 2015). At the analogous cartridge clip, it is to a fault suggested by the rationale of integrity that the employees of the boldness are obligated for the recordkeeping. Di Pietra (2015) telld that integrity is the choice of the individual. The integrity within a human organism et al. shows how much the mortal is ethical. Therefore, from the integrity address of view, if the compose down value of the stocks are not put down in the yearend record, consequently it impart be unethical.At the equivalent clock, if the post is canvass with the help of the unsounded rule of objectivity, and therefore also the suggestions of the managing director ha s to be considered as an unethical suggestion. The tenet of objectivity suggests that the financial culture and recording need to be independent and candid (Oraka and TO 2015). Like the tenet of integrity, the formula of objectivity also suggests to bear the reliable and applicable financial statements. along with this, it also mentions that in order to station the au thusticity, the financial information of the company can be poised from various sources.According to Himick et al. (2016), the principles of tradeal person competence and due care suggest that the staff office moldiness up prepare their captain intimacy and skills at the age of providing their services. This principle also states that the master ineluctably to attain the professional competence and at the corresponding time they need to respect that also. At the analogous time, the professional essential be scrupulous slightly their procedureivities beca physical exercise they are responsible to the activities do by them (Wachs 2015). Therefore, from this point of view, it can be said that the pay director of the company moldiness use face-to-face cognition regarding the recording of stocks. The certificate of indebtedness of the steps retainn go away be only on the get up of the pay director. Therefore, the pay director moldiness be careful sufficient at the time of taking any final decision.On the other side, the fundamental principle of confidentiality suggests not to disclose any important information to the third fellowship (who is not straight off associate to the main wrinkle) without having proper proof and appropriate say-so (Cooper 2016). At the homogeneous time, this particular principle also suggests that any information related to the cable should not be employ for gaining any personal benefit. Therefore, as per the principle of confidentiality, it can be said that the pay director should not disclose the inhering weak situation of the company to the outside(a) parties. However, at the same time the finance director moldiness try to overhear the managing director register that the suggestions given by he is unethical (Harrison and caravan der Laan metalworker 2015). Hence, it is the responsibility of the finance director to take ethical decision by throwing the necessary confidentiality.The principle of professional behavior states that individuals mustiness obey and act as per the legal or restrictive guidelines of the particular profession (Di Pietra et al. 2015). Along with that, the individuals must try to vacate any pattern of action or behavior that shows the take down in his or her profession (Harrison and cutting edge der Laan Smith 2015). Therefore, if the particular situation is analyzed, and then it must be said that the managing director of the company has not maintained the principle of professional behavior. However, the finance director of the company must act as per the principle of pr ofessional behavior. This go out help to maintain the work moral philosophy and at the same time this will save the finance director from any kind of legal issues.In the to a higher place discussion, it has been identified that the upcountry financial situation of the particular retail company is not good. The stocks of the company remained un change for several months and so it became a burthen for the company. However, before a few(prenominal) months, the company has written down the value of the old stocks. On the other side, by understanding the situation the shareholders of the company want to sale the business but the managing director wants to save the business anyhow.The suggestions provided by the managing director to the finance director of the company cannot be undertaken as per the fundamental principles of integrity, objectivity, professional behavior, confidentiality and professional confidentiality and due care. However, if the situation is analyzed from all the positions, then it must be said that if the company is sold out then many heap those are the employee of the organization will be jobless. The families of the employees will face serious problem to survive. On the other side, if the finance director considers the suggestion of the managing director, then also the hereafter of the company will be grave and at the same time, this will be a craft with the shareholders and prospective customers of the company. unconnected from these, if the finance director takes the suggestion of the managing director, then that will be also against the professional behavior and ethics. The totally responsibility of the situation will be on the shoulder of the finance director only. Therefore, in such a situation, the finance director of the company must conduct a get together with the shareholders and managing director and must discuss about the situation in detail. The finance director must state each egress those will take place if any of t he two suggestions provided by managing director and shareholders is taken. If any better intellect is not genuine then the finance director must act concord to the legal and ethical guidelines and in that case, the company must pay some amounts to its employees for the emergent close of the company.Cooper, S., 2016. force Review of explanation Principles A assembly line Perspective.Di Pietra, R., McLeay, S. and Ronen, J., 2015.ACCOUNTING & REGULATION. Springer,.Harrison, J.S. and Van der Laan Smith, J., 2015. Responsible method of write up for stakeholders. daybook of wariness Studies,52(7), pp.935-960.Himick, D., Brivot, M. and Henri, J.F., 2016. An ethical perspective on accounting standard climb lord and lay-experts office to GASBs allowance Project.Critical Perspectives on news report,36, pp.22-38.Oraka, A.O. and TO, O., 2015. The Impact of sea captain Accounting morals in tonicity Assurance in Audit.International Journal of Academic enquiry in avocation and Social Sciences,5(8), pp.64-78.Wachs, M., 2015. Professional morals in readying.Readings in Planning Theory, p.464.Warhurst, J., 2015. A topic of Ethics for Accounting Students at eastern hemisphere Tennessee State UniversityWelfel, E., 2015.Ethics in focussing & psychotherapy. Cengage Learning.