Running head: PROFESSIONAL VALUES AND ETHICS Professional Values and Ethics University of Phoenix Professional Values and Ethics What is the difference between values and ethics? Values are rules by which people make decisions about what is right versus wrong; good versus bad and what one should or should not do. The definition of values according to Dictionary.com is “the ideals, customs, institutions, etc., of a society
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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:
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According to our online textbook, ethics deals with well-based standards of how people ought to act. It concerns for what is right and what is wrong, which is good and which is bad. Ethics have also addressed questions such as: How should I live my life? What kind of person I should turn out to be? What standards or principles should I live by? In the accounting field, the ethical standards are influenced by the practices of those the people working in this field like state laws, the board of accountancy’s
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for our corporate style. LG Electronics has established four basic methods to achieve corporate sustainable management. Firstly, LG Electronics continually assesses new ways to develop its organization and systems-and to strengthen its internal competencies-so that the three focal points of sustainable management: economic profitability, eco- friendliness, and social responsibility, can be assured. Secondly, LG Electronics systematically manages risks by identifying and closely monitoring both financial
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Assignment #1 “How Personal Can Ethics Get?” 1. Discuss how personal differences and preference can impact organizational ethics. Ethics is a part of an individual’s philosophy which concerns about “Right” or “Wrong”. Personal differences and preference can impact organizational ethics many ways because people are divers and has different preference. When they come to work in organization, they also bring their own belief, values, vision, and preference with them. The leaders and
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Kevin Patel 11/21/11 Paper Ethics in Accounting Accounting ethics in the field of accounting refers to the guidelines (consisting of judgments and moral values) that a professional needs to follow while practicing accounting. Just like the professionals in the field of medicine or law. An accounting professional also needs to strictly adhere to the ethics that have become a norm in accounting. The people who receive the services of an accounting professional not only rely on his skill
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1. CanGo’s undefined Mission Statement The absence of a clear Mission Statement as a road map for the company is needed for the company to survive in the market place and stay competitive. The mission statement of any establishment, defines the clear intension of a business in term of which road it will travel in the market place to stay competitive. In the week -1 introductory video, CanGo seems to be doing very well in the market place. This was evidence by the telephone call that was made
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associated with businesses have a vast amount of ethical responsibilities. Some people may say that good ethics and good business do not correlate with each other because all that really matters for a business is profitability. Even though a business cannot thrive without money, that doesn't mean that organizations and businesses should ignore ethics entirely. “In the most basic sense, ethics is a set of values, principles, and rules that define right and wrong conduct,” (Hellriegel, Jackson, Slocum
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marks): As an HR professional I often need to navigate the often complex matter of ethics in relationships with clients, management, workers and the broader society. As a certified HR Professional I am guided by the Code of Ethics prescribed by the Human Resources Professionals Association (HRPA). Committing to these ethical codes ensures that myself and other HR professionals will abide by certain standards like competency in the field, legal requirements, human rights in the workplace, balancing organizational
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Ethical Financial Management Dana Doody HCS 405 2 Sep 2014 Working as a financial manager comes with a lot of responsibility; and a lot of standards of practice. Just like physicians and nurses, financial managers of health care organization have a set of rules and ethical guidelines they must follow in their practices. In this paper, I will what the four elements of financial management are. There will also be a summary of generally accepted accounting principles (GAAP) and financial ethical
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