The article I have chosen to summarize highlights the accounting practices of a San Diego--based company, Jack in the Box, Inc. (NYSE: JBX). In addition to summarizing the article, I will discuss how the concepts of the article relate to my organization The Platinum Company Inc., including, making recommendations for improvement for my organization based on the article. Lastly, explain the importance of ethics in accounting and financial decision making. Although Jack in the Box …
showed first 75 words of 717 total

showed last 75 words of 717 total
…Jack in the Box could not avoid. Unless there is a public build of support in order to challenge GAAP guidelines regarding listing franchise sales as other revenue, this accounting practice is just and fair. An organization must put business ethics in front of profits to ensure that they do not become another WorldCom tribulation. Reference: Bauder, Don. "Analysts don't relish Jack in the Box's Accounting." San Diego Union Tribune on the Web 13 October. 2002. June 2, 2003