ACC 561 Week 4 Team Assignment ...Ethics Analysis(1)
in Accounting by neel
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Description
Running head: GUILLERMO FURNITURE STORE ANALYSIS
Guillermo Furniture Store Analysis
YOUR NAME(S)
ACC/561
DATE
PROFESSOR'S NAME
Guillermo Furniture Store Analysis
In the competitive furniture manufacturing industry, Guillermo Furniture must develop a flex budget to ensure profitability is maintained as sales and production levels vary. When preparing and using the flex budget, the company should be aware of the risks and ethical considerations associated with the budget. These risks include inaccurate or uneven reporting, which render the budget ineffective. Any budget that comes to pass will be held up against the company's code of ethics to reduce the chances of conflicting goals.
Sales forecasting can be useful if done efficiently; however, there are numerous risks, mostly...
