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6.0 ASSIGNMENTS FOR MSC ACCOUNTING AND FINANCE 2026 BATCH
ASSIGNMENT ONE- ACCOUNTING ETHICS
When the IASB issues new standards, the implementation date is usually twelve months from
the date of issuance, with early implementation encouraged. Becky Hoger, controller,
discusses with her financial vice president the need for early implementation of a standard
that would result in fair presentation of the company’s financial condition and earnings.
When the financial vice president determines that early implementation of the standard will
adversely affect the reported net income for the year, he discourages Hoger from
implementing the standard until it is required.
a. What, if any, is the ethical issue involved in this case?
b. Is the financial vice president acting improperly or immorally?
c. What does Hoger have to gain by advocacy of early implementation?
d. Who might be affected by the decision against early implementation?
ASSIGNMENT TWO
SOLVE PUZZLES 10.1, 10.2, 11.1, 11,2, 11.3, 11.4
ASSIGNMENT THREE SOLVE PUZZLE 7.3 BIOLOGICAL ASSETS AND
PRODUCE
A public limited company, Dairy, produces milk on its farms. It produces 30% of the
country’s milk that is consumed. Dairy owns 450 farms and has a stock of 210,000 cows and
105,000 heifers. The farms produce 8 million kilograms of milk a year, and the average inventory held is
150,000 kilograms of milk.
However, the company is currently holding stocks of 500,000 kilograms of milk in powder form. At October 31,
20X4, the herds are
• 210,000 cows (3 years old), all purchased on or before November 1, 20X3
• 75,000 heifers, average age 1.5 years, purchased on April 1, 20X4 •
30,000 heifers, average age 2 years, purchased on November 1, 20X3
No animals were born or sold in the year.
The unit values less estimated point-of-sale costs were
6.0 ASSIGNMENTS FOR MSC ACCOUNTING AND FINANCE 2026 BATCH
ASSIGNMENT ONE- ACCOUNTING ETHICS
When the IASB issues new standards, the implementation date is usually twelve months from
the date of issuance, with early implementation encouraged. Becky Hoger, controller,
discusses with her financial vice president the need for early implementation of a standard
that would result in fair presentation of the company’s financial condition and earnings.
When the financial vice president determines that early implementation of the standard will
adversely affect the reported net income for the year, he discourages Hoger from
implementing the standard until it is required.
a. What, if any, is the ethical issue involved in this case?
b. Is the financial vice president acting improperly or immorally?
c. What does Hoger have to gain by advocacy of early implementation?
d. Who might be affected by the decision against early implementation?
ASSIGNMENT TWO
SOLVE PUZZLES 10.1, 10.2, 11.1, 11,2, 11.3, 11.4
ASSIGNMENT THREE SOLVE PUZZLE 7.3 BIOLOGICAL ASSETS AND
PRODUCE
A public limited company, Dairy, produces milk on its farms. It produces 30% of the
country’s milk that is consumed. Dairy owns 450 farms and has a stock of 210,000 cows and
105,000 heifers. The farms produce 8 million kilograms of milk a year, and the average inventory held is
150,000 kilograms of milk.
However, the company is currently holding stocks of 500,000 kilograms of milk in powder form. At October 31,
20X4, the herds are
• 210,000 cows (3 years old), all purchased on or before November 1, 20X3
• 75,000 heifers, average age 1.5 years, purchased on April 1, 20X4 •
30,000 heifers, average age 2 years, purchased on November 1, 20X3
No animals were born or sold in the year.
The unit values less estimated point-of-sale costs were
