The case is relating to ethical issue in accounting wherein a chief accountant is facing ethical dilemma. The main role of an accountant is to provide true and fair view of financial position of business. The ethical issues which can be faced by any company are falsifying documents, making adjustments in net income, allowing or taking questionable deductions, involving in frauds, illegally evading income taxes etc. The given case is relating to adjustments in net income so as to show higher profitability and thus obtain bank loan. The company is planning to show wrong or overstated profits to bank in order to attract them. The chief accountant is confused in deciding whether to follow the correct accounting procedure or to obey his boss