The ethics case study 2 (Ms Scheming) allows students to assess impact on financial statement and stakeholders in a scenario involving inventory valuation. The scenario is kept simple and relates real work scenarios to their learning. Students are given guided questions to identify the ethical issues, journal entries involved, effect on financial statement, impact on stakeholders (who rely on accurate financial information for decision making) and the accounting concepts violated. Suggestion solution is included.
Grade level suitability: High school students
Time duration: 30 minutes