Case Study Accrual Entry

Throughout the case, Jackie and Glen both discuss ways of how the yearly ending accruals would and should be recorded as best as possible. The Accrual entries include future vacation pay, allowance for repairs, and reserve for inventory. There are two slight opinions of how they should be accrued according to one way by Jackie and another by Glen. Jackie has the well-known based accounting knowledge to apply the correct final conduction but Glen runs the final shots throughout the company’s culture and its decisions since she is well known by the CEO Larry Simon. As the auditor of the case, Jackie is trying to imply why it is the best choice towards the desired accounting regulations/policies to record the accrual entries in a certain way, …show more content…
I would need to continue the ethical performances and duties required to accomplish my desired work outcome that the company desires. The ethical behavior and elimination of any unethical performances will show why the company hired me (in Jackie’s position) to fit the roll as the internal auditor. Throughout the case, I would follow all the regulations and comply within the accounting standards to perform the accrual entries the correct way to install a ethical environment and not the culture scam that Glen has at the moment with the autocratic leadership style that is implemented. Next, I would approach a higher management faculty to oversee what Glen is trying to convey at the end, and what consequences it will bring if the final decisions go the way that Glen decides since it has been a culture inside the company of how Glen wants things to be run all the time. With me as the internal auditor, that would change for the better and it will be ethical always for the best of the company. At the end, the entire company’s higher management should be aware of the consequences that can be incoming if unethical actions are taken, and the overall importance of following ethical performances