Financial Accounting Ethics Case Study Essay Example | Topics and Well Written Essays - 1000 words

Financial Accounting Ethics Case Study - Essay Example Despite the use of various defensive tactics such as poison put, white knight, lockup, crown jewel, shark repellent and golden parachute, it has not hampered the predominance of mergers and acquisitions. However, the process of mergers and acquisitions has been engulfed with various challenges that often threaten its validity (DePamphilis, 2007). Accountants and management act incongruously to report a better value of a company’s assets, liabilities and working capital so as to gain an advantage during the merging and acquisition process. This paper shall comprehensively analyze a case study involving the Finance Manager at Home and Care Products, Lisa Michaels, and an accountant of Prestige Fragrance Company, Jeffrey Anderson, with an aim of establishing the ethical issues inherent in the case and advise Lisa on the best strategies to use in resolving and overcoming the unethicality. In the process of mergers and acquisition, accountants are supposed to use two methods; the purchase method and the pooling of interests. Under each method, assets, equity and working capital are differently valued but their valuation is standard and should be easily provable through provision of supporting documents. Various ethical issues are inherent in the case study. Firstly, the accountants are violating the principles violated by FASB and are creating unnecessary sections within the financial records. Moreover, they are inflating sales and earnings, a clear violation of the conservatism concept, so that the parent company perceives the subsidiary as financially healthy, which is far from the reality (Bushman & Smith, 2001). Additionally, Jeffrey Anderson accumulated several assets in the â€Å"Other Assets† section in the balance sheet while he could not appropriately account for the assets. The validity and nature of the assets

Story of an Hour Assignment Example | Topics and Well Written Essays - 500 words

Story of an Hour - Assignment Example The narrative is just so full of figures of speech, one has to really spend time meditating on the symbolisms to fully understand what the story is all about. Although during the initial reading, the reader could understand the events in the story however, it still requires an in-depth analysis for one to really ‘feel and understand’ the story behind the story. Selina Jamil thinks â€Å"The Story of an Hour† is an expression of emotions which she strongly supports through the symbolisms in the story. For instance, Mrs. Mallard’s heart trouble is perceived as an emotional trouble rather than a physical one (Jamil). While other women might easily be been open to accept their fate as being the housekeepers and even husband and children keepers, it is interesting to note that not all men are created equal and Mrs. Mallard is not the common type who would just be satisfied with her share in life. She was the woman who loved the outdoors and whose dreams are not bound within the four walls of her house rather are far and beyond what her eyes can see as it was then revealed as she was alone in her room thinking about how she would be living after her husband’s burial. Aside from the information directly unveiled in the story, symbolisms help to further picture the desires of the main character. The open window that meets her eyes as she opens her room tells a lot about Mrs. Mallard. The room itself is a picture of her private, unspoken thoughts and desires. Entering it without letting anyone follow her could paint the picture of Louise’s secrets that are not meant to be revealed rather are hers alone. The comfortable, roomy armchair is a representation of the ease she can have with her thoughts and herself in the privacy of her room (Lorcher) and the open window symbolizes the window to herself, her heart. This could be