...new ideas for businesses to monitor employee progress and standards.. Companies need to implement supreme standards that promote unity, coherence, and co-operation between fundamental organizational proceedings and ethical codes of conduct. They need to utilize accessible technology to allow for the corporation to demonstrate and enforce moral and ethical standards with more ease. Upholding strict standards of ethics is what fosters common belief and practice in other morals such as responsibility, honesty, trust, and equality for all. Organizations are each unique in their operations, and therefore they will need to create a code of conduct best suited to their specific demands. This will allow the employees to have clearer cut guidelines to be able to better evaluate their actions in different scenarios. This is not always fool proof; it can still be taxing at times to enforce even ethical standards that are established. Ethical codes set the foundation for all business proceedings, relations, and revenue. In the company’s ethical code it should establish guidelines for topics such as use of internet/company electronics, customer interaction, general conduct, employee relations, and social expectations of employees and the organization as a whole. There are more and more organization that uses technology to monitor their employee communication and their productivity. Technology helps establish ethical standards in the work place by implementing a forum where the...
Words: 1163 - Pages: 5
...Global Responsibility Fairtrade standards are designed to support the sustainable development of small producer organizations and agricultural workers in the poorest countries in the world in order to sustain the proper fluctuation in the economy. (Freund) With more companies outsourcing production to third world countries, the issue of ethical treatment of workers and their families, becomes of growing concern. With a diverse western culture and companies spreading to countries such as China and Latin America, companies are faced with issues of upholding the traditions and cultures of other countries while still sustaining their annual revenue. Latin America Latin America, a country known for its potent and fertile soil, is often taken advantage of by larger and more highly-developed countries because of its vast landscape and their lower tax rates. With the growing spotlight on moral and ethical business practices, the issue of fair trading has now come down to company’s marketing ploys. Companies, such as Target and Starbucks, use their fair trade practices to market themselves to more environmentally centered people. The issue of fair trade practices in Latin America stems from the countries past issues with unethical treatment, pay, and conditions for workers. According to the Stanford Social, the history of fair trade goes all the way back to the origins of bartering for goods back in the 16th century used while colonizing countries and trading with the indigenous...
Words: 889 - Pages: 4
...Principles (GAAP) and general financial ethical standards as well as the four main elements of financial management. Finally, by addressing financial reporting practices and ethical standards within healthcare finance, fraud and abuse can not only be monitored but the integrity and responsibility of that medical clinic or hospital can continue their reputation at a high stance. Fundamentals of Financial Management There are four main elements of financial management; planning, controlling, organizing and decision making. In the planning element, financial managers have to classify the many steps that need to be taken in order to accomplish and complete an organizations objectives. The main purpose of planning comes down to identifying the steps in accomplishing these objectives. When financial managers oversee each area of an organization, making sure they follow the steps that have been established in plans is the controlling element. Organizing includes the financial managers decisions on how to appropriately use the resources of a company to make sure plans established are most effectively carried out. And finally decision making is when financial managers have to make choices between alternatives. There are many types of decision making, depending on the information and primary tasks, being analysis and evaluation. This makes decision making having a primary rose of choosing informed choices. Financial Accounting Standards Board Sets...
Words: 859 - Pages: 4
...Ethical and Legal Aspects of Nursing NUR 391 September 19, 2011 Ethical and Legal Aspects of Nursing Nursing is an ever-changing profession that responds to diverse and complex issues of health maintenance, protection of patient safety, human rights, and dignity. Professional nurses are in a unique position as patient advocates, regardless of practice setting. Nurse’s face inherent ethical decisions making, and they are frequently involved in the ethical decisions both personally and professionally when ethical reason both for and against the choice are both equally desirable (Pierce, 1997). The ANA Code of Ethics with Interpretive Statements offers a statement for every professional nurse’s ethical obligations and duties, ethical standard, and commitment to society (ANA, 2001). Nurse must continuously meet standards of care and the ANA Code of Ethics and uphold fundamental legalities. Taking a closer look into the nurses ethical responsibility and fundamental legalities associated with direct patient care and as it would apply in the case study case study of patient Marianne, a 79 year-old female, who is admitted to the emergency department with hemorrhagic stroke, a grave prognosis of recovery and no advance directive. This paper will discuss legal responsibilities of the registered nurse as witness in a malpractice case of a nurse colleague found negligent in following standards of nursing practice. “The nurse’s primary commitment is to the patient who is the...
Words: 1371 - Pages: 6
...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 ...
Words: 1739 - Pages: 7
...have on every stakeholder and the environment. Organizations must also create and uphold a high level of ethical standards and beliefs, thus ensuring the view of the organization in the eyes of society remains positive. As explained by Wheelen and Hunger (2010, p. 73), the “ethical responsibility” of an organization is to “follow generally excepted beliefs and behaviors,” as dictated by society. The hierarchy of an organizations job is defining, practicing, and enforcing the ethical standards set for internal stakeholders and in some instances the external stakeholders. To help ensure the organization includes ethics in the decision-making process, questions must be asked. For instance, the organization must ask; will the decision made reap optimum benefit for stakeholders, are the stakeholders inherent rights compromised and is the decision within the guidelines of federal, state, and local laws (Wheelen, & Hunger, 2010, p. 85). When organizations define, practice, and enforce the ethical standards, the organization creates a trust and transparency that will be viewed positively by society. To ensure the internal and external stakeholders are informed of the ethical standards created, most organizations create guidelines to follow. Some of the guidelines an organization will implement are, “a code of ethics, policies and procedures, as well as incorporating ethical behavior rewards in the...
Words: 1064 - Pages: 5
...what the culture is in an organization and what are the components of a culture? Most successful businesses develop strategies that include their mission, vision, and values, with the confidence that their employees follow the organization's standards. These guidelines should define the culture the organization would like to establish. The leaders who hope to implement an essential retreat from the "norm" in an organization will must influence and lastly amend the culture of an organization. The main components of culture include language and communication style, customs, land, family relationships, gender roles, religion, political power, racism, scarceness and economic concerns. 2. What role does the organization’s culture play in defining, encouraging, and maintaining an ethical standards model? The culture role in defining, encouraging and maintaining an ethical culture within an organization is supreme and paramount. If one admits the role of a manager or leader in an organization, he or she should expect to be held to the highest principles of honesty and ethical behavior. Organization’s administrators are responsible for emerging and maintaining the ethical culture through, effective leadership, severe-hiring practices, ethical based training, well-expressed programs, responsibility, and the identification and recognition of insubordinate subcultures. 3. Review the attached file diagram for Sequential Theory. Does it clarify or confuse you further from the written...
Words: 862 - Pages: 4
...Reporting Practices and Ethics Megan HCS/405 30 June, 2014 Reporting Practices and Ethics The accounting staff is a very large part of the healthcare industry. Accounting staff code and bill products and different services that are offered at that location and maintaining an ethical culture is imperative. There are accounting principles and standards and procedures that are part of the General Accepted Accounting Principles (GAAP). The GAAP principles have four key elements: Planning, Controlling, Organizing and Directing and Decision Making. Ethical Components and GAAP Accounting is the backbone of any medical organization because of it enormous impact on running as a cost effective organization. Every organization runs on its own set of principles and goals, but most are certainly guided by different federal, state, and government laws. There are accounting principles and standards and procedures that are part of the General Accepted Accounting Principles (GAAP). The GAAP principles have four key elements: Planning, Controlling, Organizing and Directing and Decision Making. The GAAP principle of Planning includes ways of setting goals and guidelines for the future of the organization. The principle of Controlling involves ensuring that planned goals are on track with previous goals and also that there is room to fix any issues that may arise. Organization and directing is to make sure that the organizations full potential is being provided...
Words: 806 - Pages: 4
...and Ethics Two major necessities needed to manage a health care organization financially are outstanding ethical standards and reporting practices. Reporting financial data reports is important and information must be accurate and factual. Organizations obtain and maintain financial data to aid in the audits of the amounts, control, and potential uncertainties of cash flows. Keeping the financial data current is important because majority of the time the data contains information about the organization’s equity and economic resources. Developing and analyzing ethical standards carefully allows organizations to stay in compliance with those standards formed for the health care community. Poor ethics and financial planning sometimes effects consumers. According to Nelson (2011), “Basic ethics principles that make up our common morality, including respect for patients, acting in patients’ best interest, avoid bringing harm to patients and treating patients in a fair and equitable manner, serve as the foundation for healthcare values.” This paper will contain a summary of the four elements associated with financial management, generally accepted accounting principles, and general financial ethical standards. The reader will explore Examples from two articles “Ethical Decision making for healthcare Executives” and “Ethics: A foundation for quality” that reflect ethical standards of conduct, financial reporting practices, and the significance of each example. Four elements of financial...
Words: 1126 - Pages: 5
...Running head: ETHICAL FRAMEWORKS Applying Ethical Frameworks in Practice NRS 437V September 01, 2012 Appling Ethical Frameworks in Practice A conclusive ethical foundation in the healthcare arena is confidentiality. It is referred to the standard of maintaining secure and private from others health care information revealed during a professional consultation. This is an essential legal right of every client and an ethical duty of the medical community (Bourke, 2008). Maintaining confidentiality between the client and healthcare professional translates to a trustworthy relationship, especially with adolescents. This paper will discuss implications to breach confidentiality, ethical principles, alternatives and ethical committee applications to an ethical dilemma. Implications of Breach of Confidentiality To promote trust between the patient and healthcare provider is a good reason to appreciate confidentiality in health management. To release information to a third party without consent of the patient is considered a breach of confidentiality and illegal. For example, adolescents are encouraged to participate in health care prevention. Many are depressed and even sexually active, but the challenge to provide access and receive adequate care is necessary. Confidentiality is the primary reason this juvenile group deter from health care prevention and management (English & Ford, 2007). A breach of confidentiality in juvenile health care has...
Words: 1093 - Pages: 5
...(Business Dictionary, 2011). Principles and standards are important, but they are also crucial in everyday life expectancy as well as his or her work setting. The function of a code of ethics policy is to provide its personnel, administration, board of directors, and others an orientation that abides by a business course of action, principles, and ethical standards. Each business should develop a code of ethics as a standard for his or her industry to abide by daily. It should concentrate on major factors important to the individually industry requirements. The honesty of an industry and its workers is essential to the general success of the organization as a unit. This evaluation focus is on Wal-Mart the number one fortune 500 company in the world. This process will include general information about Walmart including its mission statement, ethical system, and it putting into practice on an employee, management, or board of director level. This paper will also include information on modifying the existing policy, reactions expected from employees and managers, effects of organizational culture and the effect on the organization itself. History In 1962 the first Walmart discounted store became a reality in the state of Arkansas. Saving individual money to help him or her establish a better lifestyle was the central objective that the owner. Sam Walton had in mind when he opened the first store almost 50 years ago. Today a leader in maintaining, company compassion and employment...
Words: 1630 - Pages: 7
...Ethics on Maintaining Two Separate Books Paul Edwin V. Lazaro Ateneo Graduate School of Business Abstract Business maintains separate books for the results of its operations for different purposes. Internal reports are used for management decisions and tax reports for taxing purposes. Reason why separate reports are maintained for the same set of information covered depends on the intention of the preparer and the one that uses it. Transparency of reporting, high ethical standards of the people involved and a robust process to is required to ensure integrity of records. Ethics on Maintaining Two Separate Books for Internal and Tax Reporting In business, it has been an accepted practice that companies maintain separate books for different purposes, specifically; internal reporting for management use and tax reporting for statutory purposes. Ideally, the information contained by each report should be the same but due to different reasons, right or wrong, presentation of results of operations and status of the health of the business varies. Management maintains books for the purpose of measuring the performance of the business. These records are used to make decisions on strategy and direction that the company would take on a short and long term basis. Decisions such as expansion of operations, pricing strategy and logistics among others are arrived at using internal management reports, decisions that are intended for the sole purpose of generating...
Words: 572 - Pages: 3
...Ethical Behavior and the Sabarnes-Oxley Act of 2002 Ethical Behavior and the Sabarnes-Oxley Act of 2002 Sometimes the most difficult part about running a corporation is not the day to day operations, but how to achieve the desired results while maintaining ethical standards within the corporation. This is evident by some of the more recent scandals of Enron and Worldcom. These organizations sacrificed their ethics for the sake of profits. This is why the Sarbanes-Oxley Act of 2002 was instituted. Many situations lead unethical behavior especially in accounting, however, the most promising way of limiting the effects unethical behavior has on the corporate structure is to create an ethics culture that is supported throughout the organization. In their article, “How to instill a strong ethical culture,” Bannon, Ford, and Meltzer analyze the effect that the Sarbanes-Oxley Act of 2002 has on ethical behavior in order to determine if it is having the desired effect. According to Bannon, Ford and Meltzer a “significant correlation exists between the strength of the ethical culture and an increased ethical behavior.” They go on to say that this increase of ethical behavior is directly correlated to the economic downturn (Bannon, Ford and Meltzer). This is to say that the economy played a crucial role in the development of workplace ethics, almost forcing corporations to take a hard look at their ethical structure and begin developing a stronger ethical core from the executive...
Words: 810 - Pages: 4
...CONFIDENTIALITY Applying Ethical Frameworks in Practice Chandra H. Dillow Grand Canyon University: NRS-437V March 18, 2012 Applying Ethical Frameworks in Practice In the profession of nursing, there are many ethical principles which one must maintain as the basis for their nursing care. One of these principles is confidentiality, which requires nurses to preserve the privacy of one’s patients and ensure their autonomy. Maintaining confidentiality is essential in the nurse-patient relationship as it shows respect for the patients. Since the time the Nightingale Pledge was written, confidentiality has been one of the main standards to uphold as a nurse. The following will discuss ethical theories and the application of them when faced with dilemmas in the work setting. Breach of Confidentiality Nurses and physicians alike are accountable for maintaining a patient’s confidentiality. Having a breach of confidentiality has the possibility of causing undue harm or the patient being averse to seeking medical care. Undue harm can be described as “embarrassment, ridicule, discrimination, deprivation of rights, physical or emotional harm and loss of roles or relationships” (Burkhardt & Nathaniel, 2008). One’s personal values and principles establish the foundation for ethical knowledge and decision making. There are instances, however, when breaching confidentiality is necessary to prevent harm to the patient or community. Ethical Principles Ethical principles encompass...
Words: 1030 - Pages: 5
...Code of Ethics Company X Introduction Company X aspires to maintain the highest standards of ethics, integrity, and compliance at all times. This responsibility extends to the conduct and behavior of each and every employee. Each of us is a Company X ambassador to the public, and each of us is responsible, individually and collectively, for maintaining our company’s exemplary reputation at all times. To this end, this code of ethics has been created so that the expectations of the company are clear. This is intended to be a working document, meaning that the effort to maintain our ethical standards is an ongoing endeavor and will be regularly reviewed and updated as deemed appropriate. Standards and Procedures Inclusive Workplace and Freedom from Harassment and Discrimination: It is the position of Company X that all people have innate human worth, that all people deserve respect, that the workplace and all of its environments should at all times be inclusive, and that everyone should be free of the fear of discrimination and harassment. Company X does not discriminate on the basis of race, color, national origin, age, disability, sex, gender identity, sexual orientation, religion, or for any other reason. We insist that our employees show respect for each other, and for our customers, contractors, vendors, and anyone else with whom they come in contact during the course of employment with Company X. Further, Company X does not tolerate harassment...
Words: 2165 - Pages: 9
