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Essay / Research Paper Abstract
This 3 page paper looks at the case of Yorkshire Stores where invoices are paid at the last moment still dating check to get prompt payment discounts. The paper considers the issues from an ethical and a stakeholder perspective to assess the potential impact on stakeholders and discusses what, if anything, is wrong with the situation. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEyorkbill.rtf
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Unformatted sample text from the term paper:
payment of invoices. The suppliers give the company a discount for prompt payment and the company has been abusing that discount period, dating the checks the last day of the
discount period and then posting them resulting ion the company gaining an additional 4 days worth of credit. The argument her supervisor puts foreword is that they are unlikely to
complain as they need the companys business. The problem with this is that Melissa Lee is being asked to abuse the system of trust, where the suppliers are giving a
discount in return for prompt payment, a prompt payment that they are not receiving, in addition to this she is also being asked to lie. The approach being taken may
be argued as one that is based on self interest only. The disregard for the terms and conditions that have been laid down and breaking them may be argued as
being unethical. The posting out of the checks on the last day may be questionable, but lying about it where it is questioned is dishonest and as such it may
be seen as gaining revenue through deception. Looking at the issue for accounting convention this does not appear to break any of
the conventions (Elliott and Elliott, 2005). It may even be argued that the company is behaving in the interests of the shareholders with the shareholder maximisation as the process of
paying the bills late is increasing the period of credit and helping the form maximise its use of resources. This has the impact of reducing the level of working capital
which can reduce the opportunity costs that are faced by the company. However, this ma also be seen as harmful the supplier,
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