Abstract MicroClone Inc. introduces students to an accounting situation that focuses on ethical issues and professionalism. The objectives of this case are threefold. First, students are required to identify the stakeholders and their particular stake in the outcome of the issue under review. Second, students are asked to identify and evaluate the ethical issues confronting the stakeholders. They begin to understand that the diverse interests of the participants color their perspectives and may affect the application of GAAP to a particular set of circumstances. Finally, students are required to develop alternative resolutions and articulate the potential consequences for each alternative.
Kistler et al. (1997) studied this question.