...Professional Ethics Paper The purpose of this paper is to describe the relationships between legal and ethical issues, identify personal values and professional ethics, examine ethical theories and principles, and apply these to current practice examples. Nurses face an ever-growing complexity within their practice as professionals. Understanding the relationship between legal and ethical issues and how to apply that understanding to every day practice is paramount for today’s professional nurse. This paper will further explore these ethical theories and principles while discussing how personal values affect an individual’s nursing practice. The Relationship Between Legal and Ethical Issues Nurses, as with any job, face challenges in order to accomplish the tasks of their role. This is one of the reasons that it is important to have a description that serves as guidance as to how the role is to be accomplished. Without such guidelines, it is likely that there will be a breach of established rules along the way to performing duties and accomplishing the job duties. In situations where one person exercises authority over another, there are important guidelines that define relationship between the two parties. Legal and ethical principles define how a job is to be carried out and how individuals are to relate to one another. Legal and professional ethics define the liability of the person that is entrusted with accomplishing a certain task. They also define guidelines...
Words: 2093 - Pages: 9
...or accountable for the actions of your employees. Many small and big businesses like your company have numerous methods to protect themselves from lawsuits in the area of criminal activity and workplace torts. With proper training programs and a comprehensive set of electronic communications policies in place, companies such as yours can reduce many of the criminal and workplace torts that could occur within your workplace or business location and reduce the risk and occurrence of lawsuits and liabilities associated with the improper and illegal usage of the company resources such as Internet usage, email, and use of the company Network and computing systems. Many of the torts that typically occur outside of the workplace can easily occur within the workplace environment because of improper employee use, misuse, or illegal use of the Internet, social media, and email provided by companies such as XYZ Corp. A brief summary of the workplace torts that can create corporate liability and from which corporations and business owners must protect themselves from include but are not limited to: 1. Intentional torts (torts against a person): Assault, Battery, False Imprisonment, and Intentional infliction of emotional distress. 2. Property Torts such as Conversion and Copyright Infringement. 3. Dignitary torts activity that causes injury another person’s reputation or honor. 4. Torts are affecting business operations, such as Fraud and Tortious interference. 5. Negligence due...
Words: 2924 - Pages: 12
...Introduction to Ethics and International Law Introduction | Business Ethics | Social Responsibility | Ethical Dilemma Resolution Models | Video – Business Ethics: An Oxymoron? | Practice Quiz | | Introduction | | The E in Enron definitely did not stand for ethics, but Enron and its contemporaries like Arthur Andersen, Tyco, and WorldCom altered the lives of thousands of people and shaped new laws regulating business. All topics covered in this course, from product liability to civil rights, from intellectual property rights to antitrust and consumer protection, will all make the same point. My goal is not to instruct a basic business law course but rather to create a dialogue involving questions and issues that each of our respective businesses must navigate successfully if they are ultimately to maximize stakeholder value. We will do this during Week 1 by covering our two most important TCOs: A and I. These will be foundational for the term. As TCO A is our ethics TCO and TCO I is our international TCO, note that both of these TCOs will be important under and inside each of our topical TCOs (e.g., contracts, environmental law, employment law, etc.) | | Business Ethics | | As we move through the course, each learned TCO should remain in the back of your mind. We will build on them while learning the law. As you will find, most of the TCO A ethical strategies include as a first question the following: Is the behavior illegal? A "yes" answer will (usually)...
Words: 6366 - Pages: 26
...involved in relationships in the workplace. (Hellriegel & John W. Slocum, Jr., 2011). For example, once two employees stop dating, one person may believe that the former partner no longer treats them fairly or ignores them when a promotion should be considered. It is at this point that the less senior employee could claim that a hostile work environment has evolved and pursue litigation against the employer. This concept was displayed eight years ago in the Clinton/Lewinsky scandal. Former President Clinton allegedly had an affair with then a White House intern Monica Lewinsky. As a result, corporate counsels grew fearful that an affair involving one of their executives could end in a big-bucks liability payout. The use of Consensual Relationship Agreements in my current workplace would be useful due to the fact that dating in the workplace is not uncommon. According to CareerBuilder’s annual office romance survey of more than 5,200 workers found that nearly 37% of the workers said they have dated a co-worker at some time during their careers (WorkBuzz, 2010). Workplace relationships are more accepted these days, with 67% of workers saying that they aren’t keeping their romance a secret. However, it is the responsibility of the individuals to understand company policy and make sure they adhere to it. Thus, most employers realize that it’s unethical to try and band all office romances. However, they are very interested in preventing these relationships from having...
Words: 1749 - Pages: 7
...company itself must also model these standards to the public. Consistency builds credibility, a contrast to competitors and non-competing companies alike, who may not be as accountable to outsiders. “This stage involves the use of managerial, communication, administrative, and persuasive abilities to ensure the choice is carried out. The success of a decision is based on how it is implemented.” (Becker 2011) b.1 Strategies Mentoring will help employees learn better ways of applying the code of ethics and understanding ways it can help them be more successful on the job. Modeling is a natural extension of mentoring, since the company sees all employees as co-workers, and peer pressure is a useful tool for reinforcing positive behaviors. Forthrightness helps build trust. Accountability is an asset to relationships, and a good role model for employees following the code of ethics. Shifts power to the employee to determine how to apply the ethical standard and be responsible for the result. This is one factor in raising job satisfaction and performance, making employees see that every person’s actions count. When one employee sees another engage in ethical, code-conscious activity, there is greater confidence in the desirability and safety of doing likewise. This is also relevant to the company desire to have a team atmosphere in the workplace. The code of ethics can help form the cohesion and internal agreement of effective teams by adding to common goals/challenges. Employees...
Words: 1125 - Pages: 5
...Accounting theory and conceptual frameworks After studying this chapter you should be able to: & explain what accounting theory is & describe the main attempts at constructing an accounting theory & appraise current developments in the area & describe and discuss the contents of the IASB Framework & appraise the quality and usefulness of the IASB Framework in the context of its self-declared purposes & describe and discuss the parts of IAS 1 relating to accounting concepts and policies & appraise the overall effect of the Framework and comparable parts of IAS 1. Introduction This chapter is about to deal with something that many people believe does not exist – a single generally accepted accounting theory. There is no generally accepted accounting theory at this time even though many attempts have been made to formulate one. According to Eldon S. Hendriksen in Accounting Theory (1977), Theory as it applies to accounting is the coherent set of hypothetical, conceptual and pragmatic principles forming the general frame of reference for a field of inquiry. Thus accounting theory may be defined as logical reasoning in the form of a set of broad principles that 1 Provide a general frame of reference by which accounting practices can be evaluated and 2 Guide the development of new practices and procedures. Accounting theory may also be used to explain existing practices to obtain a better understanding of them. But the most important goal of accounting theory should be to provide...
Words: 14565 - Pages: 59
...8 Accounting theory and conceptual frameworks After studying this chapter you should be able to: & explain what accounting theory is & describe the main attempts at constructing an accounting theory & appraise current developments in the area & describe and discuss the contents of the IASB Framework & appraise the quality and usefulness of the IASB Framework in the context of its self-declared purposes & describe and discuss the parts of IAS 1 relating to accounting concepts and policies & appraise the overall effect of the Framework and comparable parts of IAS 1. Introduction This chapter is about to deal with something that many people believe does not exist – a single generally accepted accounting theory. There is no generally accepted accounting theory at this time even though many attempts have been made to formulate one. According to Eldon S. Hendriksen in Accounting Theory (1977), Theory as it applies to accounting is the coherent set of hypothetical, conceptual and pragmatic principles forming the general frame of reference for a field of inquiry. Thus accounting theory may be defined as logical reasoning in the form of a set of broad principles that 1 Provide a general frame of reference by which accounting practices can be evaluated and 2 Guide the development of new practices and procedures. Accounting theory may also be used to explain existing practices to obtain a better understanding of them. But the most important goal of accounting theory should be to provide...
Words: 14566 - Pages: 59
...8 Accounting theory and conceptual frameworks After studying this chapter you should be able to: & explain what accounting theory is & describe the main attempts at constructing an accounting theory & appraise current developments in the area & describe and discuss the contents of the IASB Framework & appraise the quality and usefulness of the IASB Framework in the context of its self-declared purposes & describe and discuss the parts of IAS 1 relating to accounting concepts and policies & appraise the overall effect of the Framework and comparable parts of IAS 1. Introduction This chapter is about to deal with something that many people believe does not exist – a single generally accepted accounting theory. There is no generally accepted accounting theory at this time even though many attempts have been made to formulate one. According to Eldon S. Hendriksen in Accounting Theory (1977), Theory as it applies to accounting is the coherent set of hypothetical, conceptual and pragmatic principles forming the general frame of reference for a field of inquiry. Thus accounting theory may be defined as logical reasoning in the form of a set of broad principles that 1 Provide a general frame of reference by which accounting practices can be evaluated and 2 Guide the development of new practices and procedures. Accounting theory may also be used to explain existing practices to obtain a better understanding of them. But the most important goal of accounting theory should be to provide a...
Words: 14566 - Pages: 59
...Introduction to Ethics and International Law Introduction | Business Ethics | Social Responsibility | Ethical Dilemma Resolution Models | Video – Business Ethics: An Oxymoron? | Practice Quiz | | Introduction | | The E in Enron definitely did not stand for ethics, but Enron and its contemporaries like Arthur Andersen, Tyco, and WorldCom altered the lives of thousands of people and shaped new laws regulating business. All topics covered in this course, from product liability to civil rights, from intellectual property rights to antitrust and consumer protection, will all make the same point. My goal is not to instruct a basic business law course but rather to create a dialogue involving questions and issues that each of our respective businesses must navigate successfully if they are ultimately to maximize stakeholder value. We will do this during Week 1 by covering our two most important TCOs: A and I. These will be foundational for the term. As TCO A is our ethics TCO and TCO I is our international TCO, note that both of these TCOs will be important under and inside each of our topical TCOs (e.g., contracts, environmental law, employment law, etc.) | | Business Ethics | | As we move through the course, each learned TCO should remain in the back of your mind. We will build on them while learning the law. As you will find, most of the TCO A ethical strategies include as a first question the following: Is the behavior illegal? A "yes" answer will (usually)...
Words: 8505 - Pages: 35
...Chapter 1 summary of chapter 1 The Role of Managerial Financ Overview This chapter introduces the student to the field of finance and explores career opportunities in both financial services and managerial finance. The three basic legal forms of business organization (sole proprietorship, partnership, and corporation) and their strengths and weaknesses are described, as well as the relationship between major parties in a corporation. The managerial finance function is defined and differentiated from economics and accounting. The chapter then summarizes the three key activities of the financial manager: financial analysis and planning, investment decisions, and financing decisions. A discussion of the financial manager’s goals—maximizing shareholder wealth and preserving stakeholder wealth—and the role of ethics in meeting these goals is presented. The chapter includes discussion of the agency problem—the conflict that exists between managers and owners in a large corporation. This chapter, and all that follow, emphasize how the chapter content plays a vital role in the student’s professional and personal life. Each chapter includes an early discussion of the relevance of the topic to majors in accounting, information systems, management, marketing, and operations. Throughout each chapter are detailed examples of how the chapter’s topic relates to the student's financial life. These pedagogic tools should motivate students to quickly grasp an understanding of the chapter...
Words: 3399 - Pages: 14
...Chapter 1: Introduction to accounting Multiple Choice 1. Which of these is a decision relevant to the accounting function of an entity? a. Whether debts can be repaid b. Finding the most cost effective way to produce goods c. The investment prospects of the entity d. None of the above e. All of the above 2. Under the Framework describes the qualitative characteristic of relevance as: a. information that is of value to users in decision making. b. information that can be classified. c. information that can be recorded in accounting reports. d. information that can be reliably measured. e. information that is understandable 3. Which of these is not likely to be the responsibility of a bookkeeper? a. Preparation of a bank reconciliation b. Calculation and payment of wages c. Selection of an accounting package to be used by the firm d. Checking on a customer's credit rating e. All are likely to be the responsibility of a bookkeeper 4. The information about a customer that would be of most interest to a supplier is: a. profit. b. ability to pay off debts as they fall due. c. annual dividends. d. taxable income. e. compliance with accounting standards. 5. The information that would be of most interest to an organisation's production manager is: a. continuity of orders for the factory. b. ability to pay off debts as they fall due. c. annual dividends. d. taxable income. e. compliance with accounting standards. 1 6. The external user of accounting information is: a. Purchasing officer...
Words: 7371 - Pages: 30
...AAT Accounting Qualification specification Published October 2012 1 Level 2 Certificate in Accounting. Qualification number: 60069090 (Level 5 in Scotland) Title (and reference number) Level Credit value Learning outcomes The learner will… 1 Understand the cost recording system within an organisation Basic Costing 2 (Level 5 in Scotland) 8 (4 knowledge and 4 skills) Assessment criteria The learner can… 1.1 K 1.2 K 1.3 K 1.4 K 1.5 K 2 Be able to use the cost recording system to record or extract data 2.1 K 2.2 K 2.3 S Explain the nature of an organisation’s business transactions in relation to its accounting systems Explain the purpose and structure of a costing system within an organisation Identify the relationship between the costing and accounting systems within an organisation Identify sources of income and expenditure information for historic, current and forecast periods Identify types of cost, profit and investment centres Explain how materials, labour and expenses are classified and recorded Explain different methods of coding data Classify and code cost information for materials, labour and expenses Classify different types of inventory as: Raw materials Part-finished goods (work in progress) Finished goods Calculate inventory valuations and issues of inventory using these methods : First in first out (FIFO) Last in first out (LIFO) Weighted average Use these methods to calculate payments for labour: Time rate Piecework rate Bonuses Explain...
Words: 10263 - Pages: 42
...of the company to its internal and external sources whenever needed without any disputes or errors . • Paid taxes on time An Accountant can help the company by paying taxes on time. There will be no need to calculate taxes separately as it will be calculated by the accountant which will in turn save the time and hence can be used in some effective and efficient manner. Apart from this he can also provide much relevant information related to taxes like : • Amount to put aside per month for tax bills • What type of taxes will have to pay and when will have to pay them? • What expenses can be claimed? • Is there any need to set up a business bank account and what happens if the company doesn’t? • Does the company need public liability insurance or Professional indemnity? What could be at risk if the company has a problem in a client’s office? • How do the track of money coming in and going...
Words: 5754 - Pages: 24
...Lesson 13: Investing in Mutual Funds What is a mutual fund? * A mutual fund is a professionally managed pool of money invested in stocks, bonds and other securities. * By purchasing mutual funds, small investors can easily diversify their investments and enjoy the benefits of professional management. * Investors own units or shares in the fund and benefit proportionately from any increase in value and/or income earned by the investments owned by the fund. The Reasons Investors Choose Mutual Funds | Mutual funds have grown in importance in Canada over the last twenty-five years. As of February 2008, there were 2,038 mutual funds with a total worth of nearly $679 billion – up from only $3.5 billion in 1981.The two major reasons investors choose mutual funds are: 1. Professional management - although there is no guarantee that the fund will outperform the market. 2. Diversification - by asset class (i.e. by holding a mix of stocks, bonds and money market investments) or within each asset class (i.e. by holding a variety of securities within each class). The risk of mutual funds arises from the risks associated with the investments they hold. * For example, a bond fund will be subject to interest rate risk – as interest rates rise, the value of the bonds owned by the fund will decline. | Mutual Funds With and Without Loads A load is a sales commission. In a load fund, the investor pays a commission every time he or she buys units (front-end load)...
Words: 9302 - Pages: 38
...Final ASSIGMENT Full Name : Nguyen Anh Duc Date of Birth : ID: 3197 Class: CMU 7D Number of pages: Mark I. Preamble A data broker industry is prevalent in this age of information technology today. With the explosion of the Internet, sites like USAData, ChoicePoint or Acxiom has been built to store their personal data is quite large. 3877 list of charitable contributions in Detroit can be purchased from the site USAData cost $ 465.24 or college Broad also sold student data of 1700 with prices 28 cents per person. Business occupations are permitted by law and it exists depends on the information needs of the growing society. For example, data from ChoicePoint or Acxiom has helped the IRS Tax Department, Department of Homeland Security, Justice and other government departments in the U.S. anti-terrorism policy. But the sale of these data affect the privacy of individuals and social stability. The wrong information can cause confusion or individuals lose their jobs or are disadvantaged in the job. The business side of the data shows the necessity to set out the legal documents to manage this sector II. THE ANSWER TO QUESTION Question 1: Does the data brokers have caused a dilemma (dilemma), moral or not? Explain Data broker is an individual or organization searching, collecting information, data, and then sold him back the data. Data brokers are actually interested in career...
Words: 2093 - Pages: 9
