Describe your willingness or not to embrace this suggestion, giving reasons behind your decision.

You are
required to provide a thread in response to the weekly module reading
assignment and provided questions. The thread must be between 200-250
words in length and demonstrate course-related knowledge by including at
least 1 reference to the course textbook and/or other scholarly sources
in current APA format. In addition to the thread, you are required to
reply to 2 other classmates’ threads. Each reply must be between 100-200
words in length. References are not required for your replies; however,
you must cite any sources you use in current APA format.

Please complete the following Module/Week 5 textbook reading assignment(s):

Principles of Accounting Volume I: Financial Accounting

Chapters 9 & 10
Youtube”

Topic: Inventory Valuation Errors

Purpose: The
purpose of this forum is to challenge you to explain and demonstrate
the impact of inventory valuation errors on the income statement and
balance sheet.

Thread:
Based on the textbook reading this week you will consider what
noncurrent assets are and how they affect a business. You may refer to
the textbook https://openstax.org/books/principles-financial-accounting/pages/10-4-explain-and-demonstrate-the-impact-of-inventory-valuation-errors-on-the-income-statement-and-balance-sheet in
order to complete this forum. The question for this forum also comes
from your textbook and can be located in the PDF version as Thought
Provoker question TP5 or can also be found by https://openstax.org/books/principles-financial-accounting/pages/10-thought-provokers
The question has also been provided in this forum for ease of access.
Consider what you have learned this week and answer the following:

Consider the dilemma you might
someday face if you are the CFO of a company that is struggling to
satisfy investors, creditors, stockholders, and internal company
managers. All of these financial statement users are clamoring for
higher profits and more net assets (also known as equity). If at some
point, you suddenly found yourself not meeting the internal and external
earnings and equity targets that these parties expect, you would
probably search for some way to make the financial statements look
better. What if your boss, the CEO, suggested that maybe you should make
just one simple journal entry to record all the goods that your company
is holding on consignment, as if that significant amount of goods were
owned by your company? She might say that this action on your part would
fix a lot of problems at once, since adding the consigned goods to
merchandise inventory would simultaneously increase net assets on the
balance sheet and increase net income on the income statement (since it
would decrease cost of goods sold).
How would you respond to this
request? Describe your willingness or not to embrace this suggestion,
giving reasons behind your decision. Remember to exercise diplomacy,
even if you must dissent from the opinion of a supervisor. Note that the
challenge of the assignment is to keep your integrity intact while also
keeping your job, if possible.

Using appropriate footnote citation format, include at least: (a) one reference from the readings or videos and (b) at least one reference from a business publication that is listed at https://hbu.libguides.com/c.php?g=935212&p=8893762 in your initial thread. All of these publications are freely available to you in electronic format.

Replies:
After you have posted your answers, reply to at least 2 of your peers’
posts. Replies should be substantive. Is there a particular thread you
agree or disagree with? If so, why? Is there a point that a classmate
could have expounded upon a bit more? If so, constructively provide
feedback.

200 WORDS for discussion post
100 words for each comment thread