Homework: Faith and Ethical Decision Making In the Workplace
GCU's Statement on the Integration of Faith and Work states, "We recognize and embrace the potential of human work for furthering the greater good and strive to further the good of the culture and the society." Consider how you might approach the following scenario in a manner that is in accord with the spirit of GCU's perspective of the integration of faith in one's workplace.
Scenario:
Tones Company purchased a warehouse in a downtown district where land values are rapidly increasing. Gerald Carter, controller, and Wilma Ankara, financial vice president, are trying to allocate the cost of the purchase between the land and the building. Noting that depreciation can be taken only on the building, Carter favors placing a very high proportion of the cost on the warehouse itself, thus reducing taxable income and income taxes. Ankara, his supervisor, argues that the allocation should recognize the increasing value of the land, regardless of the depreciation potential of the warehouse. Besides, she says, net income is negatively impacted by additional depreciation and will cause the company's stock price to go down. (Based on Concepts for Analysis 10-6 from Intermediate Accounting.)
Write a paper (500 to 750 words) that addresses the following:
1) Recommendation of an ethical decision in the scenario.
2) Explanation of how the ethical decision supports the good of the culture and the society.
3) Implications of applying a Christian worldview within the accounting workplace, in general.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.