1) What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance?

In this section, you want to refer back to chapter 9 in your textbook and review the process for determining the allowance for bad debt. What is most important in getting started on this assignment is to make sure you first understand why companies use the allowance method for accounting for receivables. The focus is not on the calculation itself, but the rationale for using the allowance method in comparison with the direct write-off method. Why is accounting for uncollectible receivables necessary? How does the allowance method provide a more accurate reporting result?

 2) How do you think the misstatement of funds will impact the income statement and balance sheet?

For this question, you want to discuss the potential impact on the financial statements. The allowance method will provide an estimate for bad debt expense, as well as estimate the balance for the allowance contra account to accounts receivable. How will the items affect the income and balance sheet? For example, how will changing the aging category data affect the accuracy and reliability of information reported?  Will the balance sheet accounts be accurate if they are over/understated? How will the over/understatement of expenses, for example, affect the income statement? Review information from chapter 8 to help you expand on this question.

3) What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller.

For this question, you want to think about certain ethical considerations such as GAAP violations, lack of integrity, employee trust, customer trust, etc. How will changing the numbers noted in the scenario impact the company based on these ethical considerations?  Is the conduct of the controller appropriate? Why or why not? Please note there are tons of examples throughout your textbook chapters.

4) Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor?

For this question, you want to discuss the key individuals that may be affected by the act of the controller if his instructions are not followed. Who is mostly at risk? What is the responsibility to the employees, customers, vendors, etc.? What could reporting a low bottom line mean for the company? Could the company’s financial survival be threatened? What could happen to the assistant controller if he/she does not comply with the supervisor’s request?

5) What are the potential consequences if you do comply with your supervisor’s instructions? Who will be negatively impacted?

For this question, you want to name potential individuals who may be negatively impacted if the assistant controller does follow the instructions of his supervisor and how they may be affected. Again, think about the stakeholders you identified in question 4. For example, how would this affect the company’s reputation? Are there other potential ethical and/or criminal violations?

This assignment has many different steps to it. Be sure to check off each one so you know that you accomplished it. You will be creating a personal résumé in Microsoft Word, revising your PowerPoint presentation from Week 5 Discussion, and then zipping these files along with your Excel spreadsheet that you created for Week 4 Project into a compressed folder to upload to the Week 5 Project submission folder.

Your résumé will be based upon résumés in your field that you found for Week 3 Discussion. You will include your experiences no matter how few they are at this time. Include what information you have now and you can keep adding skills and experiences to your résumé as you complete classes and change jobs. Below are tips and criteria to meet as you create your résumé.

Tip: You learned about tables in Week 2. Tables are great for creating résumés. Most of the time borders are turned off on the tables after the résumé is created although sometimes a top or bottom border is turned on to separate categories.

Part I: The Resume

• Create your résumé based on the following criteria in Microsoft Word and save it as W5P_Resume_LastName.docx. Remember that the program will automatically add the extension of .docx.

1. Ensure that the résumé was logically laid out and easily understood
2. Create categories: create distinct separation and identification of important line-item job skills and experiences using bullets or numbers with appropriate application.
3. Have content separation: provide a distinguishing feature that separates one line or paragraph from the others.
4. Modify text: modify default typeface in one line or section and modify the default color or style of a line or section.
5. Modify text size: modify the default typeface size by changing the points in at least one line on the page
6. Create an overall professional look to your résumé.
7. Include a header with your name and include page numbers. In reality, you would only do this if your résumé was more than one page but you are demonstrating your skills in this document.

Part II: The PowerPoint and Zipped Folder

1. Revise the PowerPoint presentation you created in Week 5 Discussion based on feedback you received in the Week 5 Discussion threads. If no suggestions for improvement were made, try something new on a slide and document that. Make sure that you describe the changes you made in the Notes section of the changed slides. If you had not done so before, compress all graphics.
2. Create a new folder called W5P_LastName. Put your résumé, your revised PowerPoint file, and your Excel file from Week 4 Project into this folder and “zip” the folder following directions below to upload one file to the Dropbox. This is a handy way to treat multiple files. Once uploaded, be sure to download and unzip your folder to make sure that it contains exactly what you want in it. Sometimes in a rush, students upload empty folders and lose one-fourth of their grade for the class. Don’t let this mistake happen to you!

* To zip the folder on a PC:

• Right-click on the main folder (W5P_LastName).
• From the drop-down menu select Send To -> Compressed (zipped) Folder
• Attach the resulting ZIP file to your response in the classroom.

* To zip the folder on a MAC:

• Right-click on the main folder (W5P_LastName).
• From the drop-down menu select Compress.
• Attach the resulting ZIP file to your response in the classroom.