Your accounting instructor allows you to look at his grade book in order to veri

Question

Your accounting instructor allows you to look at his grade book in order to verify the points you have received to date in the final course taken by all accounting majors. While looking at your points, you notice that your best friend's score on the last exam was recorded incorrectly. He received a 68 on the test but it has been recorded as an 86 in the grade book. Your friend needs a passing grade in this class in order to graduate. If the correct score is recorded, he might not have enough points to pass the course.

Required:

Discuss the steps you should take to deal with this ethical dilemma using three ethical criteria. You need not indicate the ethical action you would take.

Explanation / Answer

Correct Answer is Company Treasurer

Company treasurer: It is an internal user of company’s financial information. An internal user is a person inside an organization that helps run its operations and uses the company’s financial information to make decision. The treasurer position is responsible for corporate liquidity, investments, and risk management related to company’s financial activities.

Stockholder in the company: A shareholder is an individual or institution that holds the shares of the company, but that are not responsible for day to day activity of the company.

Bank Lending to the company: Bank is not the internal user, but they want to ensure that company will be in the position to return the loan, timely payment of interest of the bank.

Union: Union are the persons who joins together especially for political purpose.

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