Anton Blair is a manager in a medium-size company. He receives a bonus depending on the net income of the company, and if the bonus isn’t high enough he recommends a suggestion to increase the net income. One of the recommendations that Blair suggested is to lower the estimate of doubtful accounts.
By lowering the estimated doubtful account would cause the expenses to be lower than normal, and increase the net income. That would cause an increase in the income statement, and increase the retained earnings, and the company would have inaccurate financial statements. Blair actions violate the financial morals because he is recommending it to make his bonus higher rather than helping the company. He isn’t in the right position to be recommending
By lowering the estimated doubtful account would cause the expenses to be lower than normal, and increase the net income. That would cause an increase in the income statement, and increase the retained earnings, and the company would have inaccurate financial statements. Blair actions violate the financial morals because he is recommending it to make his bonus higher rather than helping the company. He isn’t in the right position to be recommending