Financial literacy. Harmony is the Senior accountant of a Bank. Junior accountants of all the branches report to her. While preparing for the final quarter sales report, she finds that two out of the four branches have failed to achieve the sales targets for the second consecutive quarter. According to the company policy, the branches that fail to achieve targets in two consecutive quarters have to be closed.
Harmony feels sad for all the people losing their jobs and decides that she will overstate the sales revenue generated by every branch and report manipulated figures in the financial statements. Answer the following questions.
Describe Harmony’s actions from an ethical standpoint. Is she doing the right thing? What can be the consequences of Harmony’s actions? What are the risks involved? What would you suggest to Harmony? Note that the solution itself is not counted as a completed assignment in the correct way. Click this link for financial Literacy help.