...Accounting and Ethics DO ETHICAL STANDARDS EXIST IN ACCOUNTING DEPARTMENTS? Purpose: This analytical report is a required assignment in Kimmerly Brady’s Business 205 course. Due to time constraints the primary data (survey) required for the report were gathered in a limited fashion. A survey was developed, an a procedure was considered; however, the responses are the results of only ten collected surveys. The responses are only included to demostrate a n understanding of primary data usage. The purpose of this report is to convey the message that ethics are the foundation of the accounting profession. In order to maintain discipline & order in the professional realm, rules of ethics are not satisfactory enough to ensure the integrity of Accountants. Education and training in ethical matters should be mandatory for Accountants; evaluation and monitoring of their adherence to these rules is climacteric for maintaining standards. Ethical codes of conduct and compliance of these codes should be required in today’s accounting firms for honorability to exist. CPA’s are licensed practitioners, who as Accountants express opinions about financial statements. The globalization of business operations and technological advances have radically changed how accountants work. New ethical issues have been raised by this ...
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...Darrin Triplett Business PHI Midterm 18 October 2012 In the quest for freedom, people have abandoned religion and spirituality in claims to it imposing restrictions over individuality, only instead, to become slaves to a materialistic lifestyle. In Max Weber book, The Protestant Ethic and the Spirit of Capitalism, he explains that this exchanging of spiritual slavery for material slavery was not necessarily a fair deal, and pointed out that the Protestant reformation was responsible for trapping people inside an invisible prison under the argument of rationalization; which he referred to this as the "iron cage". As Weber gives a historical account for how capitalism was influenced and exercised by religious doctrines, he illustrates a condition of humanity that has led to modern economic conditions, in which we produce ideals about our natural condition that subordinates individuality and imprisons us to a system that we have created. This essay will explore Weber’s idea on the development of western capitalism from the Protestant Reformation and how its belief system created psychological pressures in enforcing conduct. In illuminating the characteristics of the Protestant ethic and its impact on the formation of economic order, it will be examined here how modern capitalism has come to compare in enforcing social conduct. During the reformation, Weber explains that this was not only the time that capitalism developed but also was the period during Protestantism. According...
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...Ethical Organization Profile University Of Phoenix Angel L. Medina MGT/216 Organizational Ethics and Social Responsibility October 15, 2010 Dr. Steven Englehart Large companies have formal performance management systems with a matrix process on every employee that is held every 6 months or once a year. The matrix is a sort of a syllabus for measurements of job performances. The written appraisals will have an influence on any salary adjustment, promotion, upgrades, transfers and positions. In the mean time it is a manager’s responsibility to oversee all the tenures performances, ethical behavior, and moral standards throughout the year. When managers give continues feedback performance against those objectives are measured employees are not surprised by the annual performance. Ethics is the branch of philosophy that seeks to determine how human actions may be judged right or wrong. When the study of ethics is applied to management it is necessary to discuss all basic ethical position, but the nature of the profession and conditions under the management operation. Ethics is not the same as moral, since ethics uses common experiences as its point of managing from right and wrong. There are two types of rights moral rights, in which the claim is based on moral principles, and legal rights in which the claims based on law. Any such claim your obligation as a manager is to manage and hold them accountable for the company’s matrix as tenures. Rights are accepted when they...
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...History: * The Swiss confederation achieved independence from the Holy Roman Empire in 1648 * Remained neutral in World war 1 and 2. * 1963 joined the Council of Europe * September 10 2002 abounded their neutrality to become the 190th member of the U.N. * 1648 declaration of independence Switzerland becomes an independent nation * 2011 they had a female president. 1st female president in 1999 * Women did not have the right to vote or to hold office until 1971. * Inhabited by the Celtsin in the West, Helvetii in the North, Raetians in the East. * August 1st is national day. Similar to the fourth of July a lot of fireworks. * Strong local government. * The Swiss National Park, founded in 1914, is the oldest in the Alps. * Bellinzona are among the most important examples of medieval defensive architecture in the Alps. With its castles, walls, towers, battlements and gates, this impressive fortress is a source of wonder and amazement. Bellinzona was a very important line of defence for the ancient Romans, and the first written reference dates back to 590. Population: * 7.5 million people * 55% Catholic. Others are Jews, Buddhists, and Mormon. Religion is not discussed in public. * Bern: Bern Historical Museum (Bernisches Historisches Museum) * This museum features furniture and other antiques that demonstrate how people have lived in Switzerland for the past two centuries. * Capital of Switerland is Bern ...
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...The VW Scandal, A REVIEW OF THE BUISNESS Contents The VW Scandal, A REVIEW OF THE BUISNESS 1 WHY IS THE VW SCANDAL IMPORTANT TO BUISNESS PRACTITIONERS? 2 What is the relevance of this issue to business operations at present and in the future? 3 How might this impact business? 3 Conclusion on effectiveness of the VW group’s handling of the scandal 4 What other discussions in the press, professional circles and in your own practice relevant to the topic/issue selected 5 References 6 Bibliography 7 WHY IS THE VW SCANDAL IMPORTANT TO BUSINESS PRACTITIONERS? The VW Scandal brings to light the issues with organizational structure, moral and ethical issues within large international companies, A BBC News report outlined business structure: “It's still unclear who knew what and when, although VW must have had a chain of management command that approved fitting cheating devices to its engines, so further departures are likely.” (Russell Hotten October 2015). This issue highlights the importance of business structure as with lack of it in a large company can cause people to take irrational possibly immoral decisions. These decisions have the potential to cause major fallout for the company, Reasons for preforming immoral business activities can vary and (Cowan, R. & Rizzo, M.J. 1995). Have looked into when immoral acts can actually be justified if the outcome is for the greater good for ethnical reasons. In the case of VW, they wanted to become the largest car producer...
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...MGT/431 HUMAN RESOURCE MANAGEMENT Prepare a 700- to 1,050-word paper describing the changing role of HR management in response to trends in globalization, technology, diversity, e-business, and ethics. Use at least five references from the reading assignment, Internet articles, Electronic Reserve Readings articles, or HR journal articles to support your paper Format your report according to APA standards GLOBALIZATION The globalization of Human Resource is characterized and challenged by increasing levels of decentralization. Most international and domestic organizations address this challenge by maintaining one primary Human Resource department with independent regional departments. The primary HR department (particularly in international organizations) faces the challenge of consistency across all locations and offices. The top three challenges include: 1. Variations in social, political, and economic circumstances. 2. Different locations/offices have their own way of doing things and are resistant to change. 3. The perceived value of the HR function varies across locations/offices TECHNOLOGY The increasing complexity of the Human Resource role has prompted managers to find modern solutions to new challenges. Software vendors have stepped up to the plate with software that will streamline information, saving countless hours HR workers previously spent compiling information. New software programs allow employees to have access to personal information...
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...Ethical and Socially Responsive Business BUS100 Ethical and Socially Responsive Business “Ethics and social responsibility often discussed in the same breath are closely related but they are definitely not the same. Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Social responsibility is the obligation of a business to contribute to society. The most socially responsible firms feature proactive policies that focus on meeting the needs of all their stakeholders not just investors but also employees, customers, the broader community, and the environment” (Kelly, 6th edition 2014). “The most basic ethical and social responsibility concerns have been codified as laws and regulations that encourage businesses to conform to society’s standards, values, and attitudes. Managers are expected to obey these laws and regulations. A lot of times the legal issues that come about are those that society thought to be unethical and irresponsible but these aren’t always illegal these ethical concerns change over time” (McGraw-Hill, 2000). Chipotle is a company that is based on integrity. Integrity is about being real and being honest, which in turn means do the right thing even when no one is looking. This company adheres to high ethical standards and good judgment. This is one key importance because you want to be sure that you can trust a company and its loyalty to customers. Loyalty will...
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...Ethical and Socially Responsive Business Iiesha Mosby Professor David Kimble, PMP Business/100 December 9, 2013 “Ethics and social responsibility often discussed in the same breath are closely related but they are definitely not the same. Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Social responsibility is the obligation of a business to contribute to society. The most socially responsible firms feature proactive policies that focus on meeting the needs of all their stakeholders not just investors but also employees, customers, the broader community, and the environment” (Kelly, 6th edition 2014). “The most basic ethical and social responsibility concerns have been codified as laws and regulations that encourage businesses to conform to society’s standards, values, and attitudes. Managers are expected to obey these laws and regulations. A lot of times the legal issues that come about are those that society thought to be unethical and irresponsible but these aren’t always illegal these ethical concerns change over time” (McGraw-Hill, 2000). Describe key areas of the selected company’s code of conduct that are of significant importance to the business, and explain why. Chipotle is a company that is based on integrity. Integrity is about being real and being honest, which in turn means do the right thing even when no one is looking. This company adheres to high ethical standards...
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...Ethics – can we merge AICPA and IFAC ethics standards? AC504 March 10, 2013 INTRODUCTION There are many challenges and obstacles facing the accounting profession with the convergence towards a globally accepted accounting reporting structure and a global ethics structure. Today’s economy is becoming globally smaller and more importantly the economy from all fronts is becoming more co-dependent on one another from a domestic and international perspective regarding finance, raw materials, IT, and labor talent. Some of the challenges facing the accounting profession as move towards a global standard is how do we ensure the information are reliable? Many companies in various parts of the world have different reasons/motives for how financial information is compiled and distributed due to things such as government or other political/social reasons and influences. Another large issue facing accountants would be what is acceptable in Country A may be unacceptable from an ethical standpoint to Country B. An example of this, IGAAP is less stringent than U.S. GAAP regarding certain disclosures, therefore, how will the information be disclosed in order for investors and creditors to make informed decisions. From an ethical standpoint will companies chose to use IGAAP because it is less stringent and the disclosure will be less disclosed than it is today. Finally the idea of enforceability, in certain countries, will the Commission actually have authority to hold...
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...legal aspects did management faced during this dilemma, and what legalities governed or should have governed the decision. Managers utilize moral expressions in their lingo for a lot of different reasons. In some situations the manager uses moral for opposing reasons. Managers use moral to talk to make issues clear and easy to understand. They also use it to incorporate norms that are relevant to society. Managers are faced by moral and ethical issues every day. In order for managers to enforce these two issues properly they must come up with ways to fairly handle or address the situation. There are several ways that morals and ethics are related to discipline. A manager should not treat employees unfairly. It is okay for a manager to reprimand an employee if they enforce it to be done to all employees. Morals and ethics come into place when a manger writes someone up, makes them do unruly task, or fire them just because they do not like a particular employee. If a manager plays favoritism when disciplining certain employees it can cause commotion in the...
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...------------------------------------------------- Top of Form Week 1: Business Ethics and International Responsibility - Discussion This week's graded topics relate to the following Terminal Course Objectives (TCOs): A | Given an organizational requirement to conform business practices to both the law and best ethical practices, apply appropriate ethical theories to shape a business decision. | I | Given specified circumstances of a business decision to expand to international markets, determine what international legal requirements or regulatory controls apply. | | Click on the links in the "Topics" section to view the discussion topics. Then, click "Respond" to add your thoughts to the discussion thread. | Topics | Introductions (not graded, but required) | The World Bank Situation (graded) | Ethics and Patent Rights Post 9/11 (graded) | Q & A Forum (not graded) | | The World Bank Situation (graded) | Class, please read Chapter 2, problem 5 from the Jennings text, p. 72. This week, we will discuss the Wolfowitz situation at the World Bank. Consider the questions at the end of the problem as you make comments in the threads this week. What are the ethics here? Was Wolfowitz trying to do the right thing? Does that make a difference ethically? Throughout the week, I will bring in further questions. Be sure to read the lecture and the international ethics article stated in your reading for the week as well. Rather than hitting the "Respond"...
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...Cody McKee Dr. Coleman BU 210 October 16, 2015 Ethics and Accounting One of largest problems facing the accounting profession today is the loss of respect that faces accountants in light of recent accounting scandals. In order to regain lost respect in the accounting profession an accountant must have integrity and ethics that are above and beyond the normal. This fact is true whether the accountant works for a business entity or for a government entity. In either situation the accountant is responsible for remaining steadfast, not only in professional behavior, but in personal behavior as well. In recent years, accountants have come under fire by the general public for unethical decisions, a reputation that, although only a few individual accountants were guilty, the entire profession was found guilty of, in the court of public opinion. Romans 12:2 God says, “Do not be conformed to this world, but be transformed by the renewal of your mind, that by testing you may discern what is the will of God, what is good and acceptable and perfect.”(Romans 12:2, ESV) This verse helps remind me every day to do everything as the Lord says. When he calls on you to step forward do so with pride and confidence. Now, the accounting profession must be far more diligent in governing themselves, and in assuring those dependent upon their decisions, that they are above reproach. This is especially true of those accountants responsible for government funds, which can be scrutinized by the...
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...Ethical Dilemma – Samouel’s Greek Cuisine Joshua has spent several hours researching his portion of his team project. His job is to collect secondary data. The conflicting information that Joshua has found is still considered secondary data even though it is not from a reputable firm. Secondary business data can be very helpful in determining the correct business path for a company to go in. The data, though conflicting should still be incorporated and explained in his research findings to his group. The data is from a government -sponsored website and may be very valuable. Joshua should stay late and examine the quality of the data he has found on the conflicting website. He needs to look at the reliability and the validity of the data that is presented. Who is the information being provided through and how was it collected, and is it free from bias? What was the data in the study originally collected for and does that influence the outcome. The information is from a government sponsored website so there is some credibility in the source. I do not feel that Joshua should ignore this research in his findings. If Joshua feels that he does not want to include this data he should talk to his group and explain why he feels it is not relevant. It should not be hidden from the findings if it has a role to play in the research and can help the restaurant’s performance in the future. There is a value in secondary research and when it is used appropriately...
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...Enoch Olutayo Dr Kristin Rajan Engl 1102-222 6th September 2013 Courage is a virtue As a kid, I watched a lot of cartoons. Some were memorable and had an impact on my life, while some were not. One of the most memorable was a cartoon called ‘Courage the Cowardly Dog’. You can probably see from the title that this cartoon was very interesting. It has had a big impact on my philosophy as I have learnt life facts from watching it. I believe that I wouldn’t be the same person that I am today if I never came across it. I think it’s safe to say that as a kid, I did not know and understand a lot of things. The world to me was in black and white. You were either the good guy or the bad guy and when I watched TV, I always liked the good guys. This was how I felt when watching ‘Courage the Cowardly Dog’ but all that started to change as I grew up. This cartoon was about a dog named Courage that was adopted by a woman named Muriel. She found him abandoned on a trash can hungry and needing a diaper change. Her and her husband, Eustace, were on their way home when she saw him and immediately fell in love with him. Courage loved Muriel for being nice and loving, almost like a mother to him, so he always took care of her. As you can probably see from the title of the show, Courage’s name is a contradiction of his actual personality. He got frightened by almost anything and was always suspicious of people and activities that happened around him. They lived in the middle of nowhere, which...
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...Running Head: VIEWING ETHICS THROUGH MY EYES Viewing Ethics through My Eyes Business Ethics Heather Morgan Aiken Technical College Running Head: VIEWING ETHICS THROUGH MY EYES Abstract Ethical choices are made every second, rather knowing it or not, you make one every day. Versus being in a work environment, at a school activity, or being around friends and family. Every one's views are different when it comes to ethics and it all relates back to how you view situations and how you intend to follow through with the choices you make. Ethics relates back to how you were raised; rather through spiritual beliefs or in the home. Everyone's beliefs are different and that's what makes ethics it's own virtual way of views. Running Head: VIEWING ETHICS THROUGH MY EYES Viewing Ethics through My Eyes Business Ethics Ethics can be perceived in more than one form. I view it in the sense of virtue ethics, based on character traits people have that are good (Anne T. Lawrence, James F. Weber, 2011, p. 83). The method I would enforce would be the justice method (p. 83). Everything should be based off a fair and just form no matter the person, they should all be treated equal. I have an older brother and my parents raised us equally, even though we are four years apart in age. Anything he received, I received the same thing or something of the same value. I was raised to believe that...
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