In the case of “A Faculty Budget”, Jackson Daniels finds himself faced with the same kind of ethical dilemma that those who prepare financial reports see all the time. An error occurred, and once he realized his mistake he faced the decision of doing the right thing ethically even if it may cost him his job, all the while receiving advise from his friend to take the “wait and see” approach.
Jackson Daniels is an accountant for Lynchberg Manufacturing. Daniels was responsible for creating the sales budget for the year 2011. The finalized budget represented a 25% increase over 2010. After the finalized budget to submitted Daniels realized that he miscalculated the projected level of sales that will likely occur for 2011. However after he had
Jackson Daniels is an accountant for Lynchberg Manufacturing. Daniels was responsible for creating the sales budget for the year 2011. The finalized budget represented a 25% increase over 2010. After the finalized budget to submitted Daniels realized that he miscalculated the projected level of sales that will likely occur for 2011. However after he had