
Business & Professional Ethics 7th Edition by Leonard Brooks,Paul Dunn
Edition 7ISBN: 978-1285182223
Business & Professional Ethics 7th Edition by Leonard Brooks,Paul Dunn
Edition 7ISBN: 978-1285182223 Exercise 9
The discussion between Don Chambers, the CEO, and Ron Smith, the CFO, was getting heated. Sales and margins were below expectations, and the stock market analysts had been behaving like sharks when other companies' published quarterly or annual financial results failed to reach analysts' expectations. Executives of companies whose performance numbers failed to meet the levels projected by the executives or the analysts were being savaged. Finally, in frustration, Don exclaimed:
"We must make our quarterly numbers! Find a way, change some assumptions, capitalize some line expenses-just do it! You know things will turn around next year."
And he stormed out of Ron's office.
Question
What should Ron consider when making his decision?
"We must make our quarterly numbers! Find a way, change some assumptions, capitalize some line expenses-just do it! You know things will turn around next year."
And he stormed out of Ron's office.
Question
What should Ron consider when making his decision?
Explanation
In this case, the CFO should consider a ...
Business & Professional Ethics 7th Edition by Leonard Brooks,Paul Dunn
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