Develop 2-4 pages Memorandum to evaluate the managerial issue and to answer the questions. Make sure to provide credible evidence supporting your recommendations and conclusions. Do not copy the case in the memo, but make sure to refer to its number for the faculty to have a reference for grading.
Mr. Parker is an 88-year-old resident of your LTC home with end-stage Alzheimer’s. He is wheelchair bound and spends most of his days sleeping in his wheelchair near a window facing the garden. He needs to be spoon fed but has recently started to refuse to eat. Mr. Parker has three children, one of whom is very involved in the care of her father. The team approaches the daughter about her father refusing to eat, and feels that his refusal is legitimate. Thus, they propose changing the plan of care to palliation. The daughter absolutely refuses, claiming that “you cannot kill my father, I want everything done to keep him living!”
What are some of the ethical issues in this case?
Do we know whether the resident is capable to make his own health care decisions?
Are there any known wishes from Mr. Parker? What would he want? What are his values?
Is his daughter the substitute decision-maker? Can she, in this role, demand treatment and expect that you comply?
because not every aspect of accounting is relevant information for the users. In the conceptual framework AASB/IASB, the issues related to measurement is still under controversy and as per the conceptual framework among the nine potential measurement bases, only two has been recommended by it, which are historical cost accounting and fair values accounting. Current and potential investors and creditors and lenders are the component of secondary users of accounting information who are more interested in the present value of the firm’s assets and liabilities in which they are linked directly. The objectives of users have a significant effect on the measurement bases. The present value of the firm is measured with the fair value accounting instead of historical cost accounting. Fair value of accounting measures the market value of the assets and liabilities of the firm, how liquid is the firm and what is the current earnings of the firm from the present selling price of those assets and liabilities. For example, creditors are interested to know what is the current worth of the firm, they are not interested in any past cost of the firm because if the firm goes bankrupt then the current market value of the asset will be what the creditors will be interested in rather than analysing the gain on sale obtained from difference of selling and purchasing price. Historical cost accounting: It does not provide relevant information about a financial asset such as derivative. It gives information about what was the cost of any asset or liability in the past, it helps to generate the profit on disposal, which is the topic of interest for the primary users. Current and potential investors as well as creditors are interested in the current trading value of the firm, so that they can earn capital-gain instead of dividend out of profit (which is management decision to either distribute dividend or not) and historical cost accounting hides it. Historical cost accounting can hide the effect of current market conditions on the performance of the firm. There is a difference in the value of assets on the firm’s book and actual market valuation of that asset. Fair value accounting: It provides improved accuracy of financial information as it provides accurate representation of the fair value of the firm’s financial worth at the present date as well as provides accurate valuation of the investments affected due to current state of the market. These information helps the investors to make informed decisions in relation to their investments and provides the clear idea of how their investment is performing in the current market conditions. Investors prefer more accurate valuation method which is provided by fair value measurement. For example, potential investors want to know the share price of the firm, in the market in current time, adjusted to all market changes affecting it. This is because when they sell the share in the market they will know their true gain if it was measured using fair value measurement. Question 3 – 4 marks (750 words)>GET ANSWER