As a new accountant.. Part C

Good morning, I wish to focus on Accounting Estimates and the need to review them for bias.

I participated in a few rounds of discussion with a client recently on the basis of estimates done for various balance sheet items.

On occassions, you could be in a position where you could be pressured to accept the basis amd thus values of estimates and pass the necessary entries to reflect them on the balance sheet.

How would resolve the situation without losing your job?

Advertisements

4 Comments

  1. Hi,Maintain professional integrity and ethical values and lose the job.Stand firm. We are in the business of professionalism and not in the business of Char Kuey Teow, ie more chilli, less bean sprouts?!? HaHaHa

    Reply

  2. back to the most basic accountant in business lesson….obey the law!you may in many occassions “overturn” a bit here and there, but do not ever break the law.If you’re in this kind of fix situation….as a professional accoutant you should be able to show your expertism.

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s