Question

The ethical dilemmas that both managers and accountants face are manipulating information to fit the predicted outcome of the forecast, having a biased opinion based on market data or other factors that have no basis for the forecast, listening to so called experts that have given the company a high forecast in sales as well as stock price, and internal conflict with your team or another department with different views. What does everyone think about this statement? Do you agree or disagree?

Answer 1

I agree with this statement. Managers nowadays face ethical problems and dilemmas in which they have to make the correct decisions. These decisions should not only be beneficial to the business but also should not violate ethical expectations from the company. Managers have the option to manipulate information in such a manner that the required forecast is achieved. They also come across various situations where they may come across market data which is required for forecasting, however they may biased in their opinions or tempted to rely upon experts that gives a forecast in their favor. In such situations the managers are required to keep in mind their ethical responsibilities and make the correct decisions accordingly.