Ethics in Financial Reporting Methods: The Case of Vontsira, Inc

This case allows students to wrestle with the ethical decisions relating to accounting choices. At issue in this case is the timing of the implementation of the Current Expected Credit Losses (CECL) model standard. The objectives of the case are to help students (1) raise their awareness of the ethi...

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Bibliographic Details
Published in:Issues in accounting education 2024-02, Vol.39 (1), p.135-145
Main Authors: Jaggi, Jacob, Porter, Jason
Format: Article
Language:English
Subjects:
Accounting policies
Financial reporting
Professional ethics
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Summary:This case allows students to wrestle with the ethical decisions relating to accounting choices. At issue in this case is the timing of the implementation of the Current Expected Credit Losses (CECL) model standard. The objectives of the case are to help students (1) raise their awareness of the ethical decisions inherent to accounting choices, (2) weigh the validity of different viewpoints and approaches, (3) understand the far-reaching implications of ethical decisions in financial reporting, and (4) practice preparing to effectively advocate their positions in a professional setting. When delivered alongside lessons on accounting for receivables and doubtful accounts, the case can help reinforce the real implications of the judgment involved in estimating bad debt. It is also appropriate for any graduate or upper division undergraduate accounting course in which students discuss ethics and codes of conduct.
ISSN:0739-3172
1558-7983
DOI:10.2308/ISSUES-2022-051