Ethical Obligations and Decision Making in Accounting, 4/e 2
1. What are the real and anticipated arguments that could be made by those at
Harrison Industries who may try to convince Donna to go along with the accounting
for future severance payments? Include in your discussion the possible motivation
for the accounting treatment.
It appears that Cheryl Miles is demanding Donna Mason record an accrued expense for unpaid
severance payments from the planned shutdown of the home appliance division in 2016 to
manage earnings. On the surface it seems as though the motivation for the action is to manage
earnings by shifting some of it into later periods when they may be needed more to meet or
exceed analysts’ earnings projections and the company’s own estimates. The numbers bear this
management.
2. What is at stake for the key parties? What are Donna’s ethical obligations to them?
Donna’s job is at stake. Miles threatened that she might be fired if she refuses to go along. In all
likelihood Miles did not react very well when Donna asked for supporting documentation to
record the accrued severance amount. It could be that Donna is under a great deal of pressure
from Kelly Lang (CAO) and Ken Harrison (CEO and chair of the board).