Friday, January 31, 2020
Travon Eterprises Essay Example for Free
Travon Eterprises Essay Jennifer Nelson, the accountant for Travon Enterprises, performed several low end estimates in preparing the financial statements for the company president. Her justification for her actions was lack of time and that she did not want to make the financial statements look worse than they are. Jennifer failed to inform the company president of her estimates. Jennifer’s decision lacks effective moral decision making. She could have selected several alternatives as a better course of action.            First, Jennifer could have asked for help in getting the accounting done.  Many companies have several accountants that work for them. Additionally, there may be other employees within the organization who can assist Jennifer in her other duties as she focuses all of her attention on the report. If those were not available, she could have consulted with the CFO of the company for assistance and support.            Second, if estimating was necessary, Jennifer could have used statistical estimating rather than taking all of the low numbers. Statistical estimating provides effective, balanced estimating that project more realistic numbers. The company president was meeting to obtain loan financing. If the actual numbers turned out to be far different than the numbers that Jennifer projected, Travon Enterprises could face losing funding and the project could be dropped, highly affecting the business operations and future of the company.            Thirdly, Jennifer could have explained to the president her situation and decision to forecast the low estimates. In doing this, the burden would then have transferred to the president to explain the low estimates, and the president could have Jennifer spend time working on more accurate estimates.            Finally, Jennifer could have taken from her personal time and worked longer hours in order to provide the most effective and accurate report.            If I was in Jennifer’s shoes, I would have taken a combination of alternatives. First, I would have sought help from my supervisor in completing the project on time. Second, I would have used statistical estimating. Finally, if necessary, I would have stayed the extra hour or so to make sure that my work was of top quality.
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