Project #73193 - Ethcis

John is CFO at a venture-backed tech startup with revenues of $20 million and approximately 80 employees. He's worked at the company for several years, and now reports to Ralph, the company's newly hired CEO.

The company had been doing really well, but recently big customers have been placing fewer orders and Ralph is feeling pressure to show growth. This pressure is amplified because the company is venture-backed, and the investors expect results.  While the company did well in the first round of funding, if they don't perform now, they may have trouble with gaining sufficient funding in the second round, which could mean the end of the company.

All of this was on John's mind when Ralph came to him about recording a major order that was still under negotiation. The deal had not gone through, although both parties expected to complete the deal in the next week. With the current quarter ending in the next few days, including this order would give a significant boost to the company's financial reports. Nonetheless, under the generally accepted accounting principles (GAAP), it is clear that this order does not qualify as revenue.

Even so, Ralph was adamant about John booking the order, which could make all the difference in the company's ability to stay afloat. John knew that doing so would constitute fraud; particularly because the Sarbanes Oxley Act requires the CEO and CFO to sign off on all quarterly reports. At the same time, John knew that this order could make all the difference.

 

What should John do?

 

5 page analysis.

 

The case analysis should be no more than 5 pages, excluding the coversheet and References.

Step by step process:

  • Determine whether an ethical issue exists.
  • Describe the relevant facts of the case. Identify the stakeholders and determine whether some stakeholders are more important. Determine whether all stakeholders have been consulted.
  • Describe the possible actions of the stakeholders.
  • Evaluate each of the possible options in light of the five ethical approaches. (The Utilitarian Approach, the Rights Approach, The Justice Approach, The Common Good Approach, The Virtue Approach)
  • Identify the best possible option and justify your choice, with reference to the ethical approach on which you base your choice.

Paper should be 5 pages excluding cover and reference pages: Introduction, Body (support paragraphs) and conclusion.  APA style.

Subject Business
Due By (Pacific Time) 06/07/2015 01:00 pm
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