Accounting assignment

Ethics Assignment

Grading: Answers to this assignment will be unique for each student. If you copy or allow someone to copy any part of your paper you will both receive zero points.

Evergreen Manufacturing Company allows employees to purchase, at cost, manufacturing materials, such as metal and lumber, for personal use. To purchase materials for personal use, an employee must complete a materials requisition form, which must then be approved by the employee’s immediate supervisor. Mr. Young, an assistant cost accountant, charges the employee an amount based on Evergreen’s net purchase cost.

Mr. Young is in the process of replacing a deck on his home and has requisitioned lumber for personal use, which has been approved in accordance with company policy. In computing the cost of the lumber, Mr. Young reviewed all the purchase invoices for the past year. He then used the lowest price to compute the amount he owed the company for the lumber.

Discuss whether Mr. Young behaved in ethical manner and provide support for your answer.

You can google either of the following for references to support your answer:

IMA Statement of Ethical Professional Practice or AICPA Code of Professional Conduct