An overview of the pirate steel company

what makes a pirate

These major components are used in the way that individuals are affected by their treatment. Ethical Dilemmas and Stakeholders The ethical dilemma of Pirate Steel Company is that the foreperson devised a strategy to get maintenance and repair orders approved by providing misleading information about the extent of the reports.

Pirate discipline

The Utilitarian Theory would be applied as Faze approached the chief executive officer of Pirate Steel and requests that he evaluates the new cost control policy and the actions being taken with it. Ethical Dilemmas and Stakeholders The ethical dilemma of Pirate Steel Company is that the foreperson devised a strategy to get maintenance and repair orders approved by providing misleading information about the extent of the reports. Though Pirate Steel has never been very cost conscience in production operations, the increases in material, labor, and other inventories has made a deep impact in Pirate Steel's view on minimizing costs. He would also use this opportunity to discuss any other improvements to the system that could be implemented. The information that is included in these reports should be recorded in a way that is not intended to negatively persuade the user to get the wrong impression of the writing. By using objectivity, Faze will be able to communicate the information fairly and unbiased. The employees also know that if their requests are not fictionalized, they will have a hard time receiving the approval for those mandatory repairs. The stakeholders in this situation are the foreperson, the accountant, customers, shareholders, management,… Related posts:. This is a theory of balancing negative social actions and benefits to minimize the negatives and maximize the benefits. The CEO should then sit with Faze and devise a more efficient plan. These major components are used in the way that individuals are affected by their treatment. Faze must go to the production manager and let him know that the fictionalized work orders will not affect the company in the short run, but in the long run they might pose a potential loss in income due to excess expenditures in repairs and maintenance.

The stakeholders in this situation are the foreperson, the accountant, customers, shareholders, management,… Related posts:. All expenses were recorded properly, but an external auditor might question the fictionalized reports.

The ethical dilemma of Pirate Steel Company is that the foreperson devised a strategy to get maintenance and repair orders approved by providing misleading information about the extent of the reports. The employees also know that if their requests are not fictionalized, they will have a hard time receiving the approval for those mandatory repairs.

Then they must perform all of their duties and still stay in accordance with the rules and regulations that are involved with their field, and be able to prepare reports that are accurate and honest so that they can be interpreted as they are printed.

What it takes to be a pirate

By using objectivity, Faze will be able to communicate the information fairly and unbiased. Since the work order forms were exaggerated, the accountant found that these requests were filled with misleading information. He should maintain this level of professionalism and begin to prepare the proper reports after analyzing the information given. With new regulations on production expenses, the people in production, like the foreperson and the manager, had the entire burden on them since they had to justify all repair and maintenance expenditures. The Utilitarian Theory would be applied as Faze approached the chief executive officer of Pirate Steel and requests that he evaluates the new cost control policy and the actions being taken with it. All expenses were recorded properly, but an external auditor might question the fictionalized reports. The stakeholders in this situation are the foreperson, the accountant, customers, shareholders, management, and the executives. The CEO should then sit with Faze and devise a more efficient plan. The accountant is also responsible because he must decide how he must approach this situation from an ethical standpoint. Accounting information may not represent faithfully what it purports to represents because it has one or both of two kinds of bias The Accounting Review, , The Theory of Justice could be applied to the situation by employees approaching the production management and demanding that the work order forms be much easier to be approved. With these revisions in procedure, the company should be able to prepare reports with accurate information.

With an increase in production costs, the selling price of the company's manufactured goods increased as well. Since the work order forms were exaggerated, the accountant found that these requests were filled with misleading information.

All expenses were recorded properly, but an external auditor might question the fictionalized reports.

How to become a pirate

The ethical dilemma of Pirate Steel Company is that the foreperson devised a strategy to get maintenance and repair orders approved by providing misleading information about the extent of the reports. The stakeholders in this situation are the foreperson, the accountant, customers, shareholders, management,… Related posts:. The information that is included in these reports should be recorded in a way that is not intended to negatively persuade the user to get the wrong impression of the writing. The Theory of Rights could be applied in this situation allowing the accountant to overlook this minor problem because he feels that this process is the most efficient way for the company to operate. The company will need to use a system that will allow information to be communicated fairly. All expenses were recorded properly, but an external auditor might question the fictionalized reports. He should maintain this level of professionalism and begin to prepare the proper reports after analyzing the information given. Faze should also develop a guide to help employees prepare reports for work orders in a responsible manner. Since the work order forms were exaggerated, the accountant found that these requests were filled with misleading information. This increase in prices had to be closely monitored due to competition. The Utilitarian Theory emphasizes on how the consequences of an action affect the individuals involved. After this meeting, each individual could go to their respective departments and relay the message of how things have been changed. The work order forms seemed to imply that new equipment was bought each time a repair was needed.

Everyone must do these things to show their reliability. After this meeting, each individual could go to their respective departments and relay the message of how things have been changed.

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Pirate Steel Company