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When employees cannot work with management to make changes, they may engage in ________, taking their charges to the media in the hope that if the public learns about the situation, the organization will be forced to change.
Management Manipulation
The unethical practice of altering financial data or reports to distort a company’s financial health or performance.
Asset Impairments
A reduction in the book value of an asset when its market value falls below its carrying amount on the balance sheet.
Fair Value
The estimated market price of an asset or liability based on current conditions and mutually informed buyer and seller transactions.
Construction in Progress Account
An account in the balance sheet that accumulates costs related to the construction of a long-term asset until the asset is ready for use, at which point the total cost is transferred to the fixed assets account.
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