ACCOUNTING INFORMATION FOR MANAGERS
Read the Case Study below and the answer the questions relating to the case study.
CASE STUDY -
Elizabeth Michaels is the Financial Controller with Sameday Solutions Ltd, an entity that sells software products to accounting firms and small businesses, which is listed on Australian Stock Exchange (ASX). At present, Ms Michaels is analysing a number of software packages that focus on accounts receivable. She needs to pick one package that she can recommend to her clients. Each software vendor is keen to have their software selected as it will result in a significant increase in sales for their company.
Angus Johns is a salesperson for software company Rogue Ltd. He has told Ms Michaels that she should go to New York to analyse his company's software package properly, because the programming experts there could give her a thorough demonstration. Mr Johns has also suggested that she take her family, so that she feels relaxed in a foreign country and is in the right frame of mind to undertake her analysis. He also suggests that Niagara Falls is worth visiting while Ms Michaels is over there. Rogue Ltd would pick up the expenses for the trip.
Required:
1. Using the information provided in the Case Study above and your knowledge of Corporate Governance, Ethics and Business Sustainability answer the following questions in Essay format.
a. A brief introduction (including definitions) on Corporate Governance, Ethics, Code of Conduct and Business Sustainability.
b. Do you think Ms Michaels should take the trip? Outline any ethical concerns involved.
c. Do you think the management of Sameday Solutions Ltd should allow Ms Michaels to go on the trip? Justify your answer.
d. Do you think that Sameday Solutions Ltd should have a code of conduct? What would be the advantages and disadvantages to Sameday Solutions Ltd of having a code of conduct. Outline any ethical concerns involved.
e. Concluding remarks on how sound and ethical accounting practices and principles can lead to better business sustainability.
Attachment:- Assignment File.rar