Post replies on the posts of other classmates that add something to the discussion utilizing concepts from the case, course, and ethical principles. You should not merely compliment classmates or post your feelings about their post but support your response with concepts from the assigned material for the course. See attached pdfStatement1:

As I reviewed the case “When Change Isn’t So Good: A Story of New Management and
Misleading Statements”, I experienced a myriad of emotions. In my most recent position I was
not considered a member of management, but I was in a position in which I worked closely with
upper management and was involved in key decision making for the organization. I sympathize
with the role that Liz was put in, having dedicated her career to BFR, Inc. and had given what
she felt was her most sincere efforts; to only be confronted with blatant unethical leadership
and ultimately a decision that would affect her role with the company. After reading the IMA
Statement of Ethical Professional Practice it is difficult to determine whether any of the
principles are directly violated. In my opinion, the principles are vague and left to
interpretation, in other words subjective. Unlike financial accounting where external reports
are created, audited and standardized by government authorities, management accounting is
otherwise unregulated. The only principle I concluded was blatantly violated is the one
referring to Competence where it states, “Perform professional duties in accordance with
relevant laws, regulations, and technical standards”, (IMA Statement of Ethical Professional
Practice, pg. 2). This only because the management, in changing the accounting numbers that
were provided by Liz, are committing fraud. They’re not only altering the work of the original
owner, but also presenting to the board in a misleading way thus violating ethical principles.

Because of the misrepresentation of expenses to income being presented to the board
members they were not aware of the actual amount of money utilized to purchase facility
upgrades and the new marketing firm mentioned. This will impact the way other managing
decisions are made. For example if utilizing the numbers that were recreated by Sam and
Angela, the board members will believe that the company is in better standing than it actually
is. The Balanced Scorecard will be altered, if the organization decided to evaluate employees off
of the numbers given, versus the actual reporting done by Liz. This is detrimental to the morale
of BFR, Inc. and could ultimately cause the company to go into bankruptcy, if the CEO continues
to spend at a rate that does not counter expenses.

Liz has done the right thing by contacting the IMA Ethical Helpline. She should also express
grievances to board member Jim when given the opportunity; that way Liz is relieved of any
responsibility being that she has communicated her concerns to upper management. Finally, if
there is no reprimanding done to Sam’s team for the fraudulent reports, Liz may decide to leave
the company, herself being in good standing. Because she is a management accountant, in
order to uphold the integrity of her own career, it is only right that she departs. If she would
choose not to, her character would be in question and




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