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Ethical Case Analysis

Coursework Instructions:

Read Case 6-3. Is Gene Lumpkin behaving in a professional and ethical manner? Give reasons for your answer.
Case 6-3 Mitchell Co. is experiencing a decrease in sales and operating income for the fiscal year ending December 31, 20Y1. Gene Lumpkin, controller of Mitchell Co., has suggested that all orders received before the end of the fiscal year be shipped by midnight, December 31, 20Y1, even if the shipping department must work overtime. Since Mitchell Co. ships all merchandise FOB shipping point, it would record all such shipments as sales for the year ending December 31, 20Y1, thereby offsetting some of the decreases in sales and operating income. Discuss whether Gene Lumpkin is behaving in a professional manner.

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Ethical Case Analysis
Your Name
Subject and Section
Professor’s Name
September 11, 2020
Understanding the different ethical principles of accounting is important for balancing ethics and practicality. Gene Lumpkin, who was the controller of Mitchell Co. was acting in an ethical manner. It must be noted in this case that Mitchell Co. was using the FOB shipping method. In this method, all the rights and obligations of the parties (seller to buyer) were already specified at the shipping point. Going back to the case, it could be seen that Lumpkin was instructed that “all orders received before the end of the fiscal year have to be completed and shipped by midnight”. While this is intended to the offset decreases in sales and operating income to be recor...
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