Question

://rccd. instructure.com/courses/27417/assignments/760341?module_item_id=1645110 hvas In- et ! Smith Manufacturing Company allows employees to purchase materials, such as metal and limber, for personal use at a price equal to the company's cost. To purchase materials, an employee must complete a materials requisition form, which must then be approved by the employee's immediate supervisor. Brian, an assistant cost accountant, then charges the employee an amount based on Smith's net purchase cost. Brian is in the process of replacing a deck on his home and has requisitioned lumbar for personal use, which has been approved in accordance with company policy. In computing the cost of the lumber, Brian reviewed all the purchase invoices for the past year. He then used the lowest price to compute the amount due to the company for the lumber. The Institute of Management Accountants (IMA) is the professional organization for managerial accountants. The IMA has established four principles of ethical conduct for its members: 1. Honesty 2. Faimess 3. Objectivity 4. Responsibility These principles are available at the IMA website Question: Using the IMA's four principles of ethical conduct, evaluate Brian's behavior. Has he acted in an ethical manner? Why or Why not?

Answer 1

Answer

According to the policy and procedures of Smith manufacturing co employees are allowed to purchase the things for their personal use at a price equal to companies cost for that the employee must complete a material requestion forf and which must be approved by the employees immediate supervisor,

Here Brian is the process of replacing a deck on his home and he requested lumbar for personal use which has been approved according to the companies policy

Morover while computing the cost he reviewed all the purchase invoices of the past year based on his professional knowledge and choose the best available price payble to the comapany

Here MR Brian acted good and in an ethical manner without decieving the companies policies and norms and acted with good professional and moral ethical standards such honesty,fairness and responsibility.