Finance Manager in Home and Personal Care Products Essay - 37

Finance Manager in Home and Personal Care Products - Essay Example The researcher states that while investigating the financial activities and the operations of the newly acquired company, she found out that the company had issues with appropriate accounting practices that were geared towards inflating sales and earnings of workers. Most conspicuously, the company was involved in the very expensive commercial aimed at marketing and creating awareness of the company. The expenses were exorbitantly high amounting to millions of dollar. Secondly, the company had a number of assets without a clear list of their nature. However, on the deeper examination of these assets, she found out that, the controversial and expensive commercials were among the assets. To deal with the issues, Lisa as a finance manager had to follow the right procedure in solving an ethical issue as presented by IMA. To do so, she went on to Anderson, who was her immediate supervisor in the newly acquired company. Before doing the visit, she prepared herself adequately well with the plan of valuations of the parent company. The plan was supposed to inform Anderson on the requirement of the mergers and acquired the company by the mother company’s policy on a valuation of her assets and financial control at large. However, to her surprise, Anderson did not pay much attention to the plan that was fundamental in harmonizing the organization with the operation of the parent company. The issue at hand juts needed the intervention of the chief financial officer of the newly acquired company Anderson, to be resolved by providing clear information on the assets that the company held. This is because they are the major stakeholders of the stalemate that has been identified by Lisa. He rubbished the need of Lisa to gain more understanding of the other accrued liabilities. Anderson turns her down and insists that it is none of her business. Anderson is quick to assert that Lisa does not understand and comprehend the business, and the journal entries are standard pra ctice. He claims that if Lisa understood the nature of uncertainty of the prestige fragrance business, she would be able to go in line with what the company wants.