You are an accountant in a medium-sized manufacturing company.

You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department.

•Explain why adjusting entries are necessary.

•Describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.

•Describe how these entries would be recorded in a computerized accounting system. •Describe 2 ethical issues that could result from the preparation of these manufacturing entries.