decision-making needs of internal users. 7. Ethics - are beliefs that distinguish right from wrong. 8. Generally accepted accounting principles (GAAP) - financial accounting practice is governed by concepts and rules. 9. Financial accounting standards board (FASB) - if the private group that sets both broad and specific principles. 10. Securities and Exchange Commission (SEC) - is the government group that establishes reporting requirements for companies that issue stock to the
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BMO5501 BUSINESS ETHICS AND SUSTAINABILITY Assignment 2 : Reflective Journal Page 1. Overview 2-3 2. Table of Contents a) Business Ethics 4-5 b) Sustainability 6-7 c) Capitalism 8 d) Corporate Social Responsibility 9-11 3. References 12 Overview The three main topics of the course, Ethics & Business Ethics, Sustainable Development and Corporate Social Responsibility (CSR) are very relevant in today’s
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Whistleblowing and Sarbanes-Oxley Act Student Name College or University Name LEG500 – Law, Ethics, and Corporate Governance Professor’s Title Date Whistleblowing and Sarbanes-Oxley The federal government passed and put into law the Sarbanes-Oxley Act of 2002 (SOX) to primarily protect whistleblowers from retaliation for reporting corporate fraud and financial malfeasance to the government. The negligence became apparent in the 1990’s when corporations such as Enron, HealthSouth, Tyco and WorldCom
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Stage 4: Data Collection and Interpretation • Stage 6: Reporting the Results Chapter 1 of Business Research Methods explains why people study business research and the importance of sound decision making. The goal is to enhance your understanding of the ethical dilemmas faced by managers and the roles and responsibilities of the researcher, sponsor, and participant as detailed in Chapter 2 of the text. The goal of ethics in research is to ensure that no one is harmed or suffers any
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of corporate social responsibility, and, specific actions to update or implement business practices congruent with the company’s social responsibility objectives will be recommended. Environmental Social Responsibility -- Planet The environmental component of social responsibility refers to the business's impact on the environment. A socially responsible company’s goal is to engage in business practices that can sustainably benefit or at the very least not negatively impact the environment.
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Abstract This paper is on the based on ethical issues in financial accounting, I picked this subject because I believe that having good morals and ethics is the mainstay of life in general, But in finance and accounting it is very important to have this to be successful in business, which is based on personal, professional and corporate issues that will arise in day to day operation. Introduction Accounting is the profession of Analyzing, collection, recording and posting financial
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Ethics and Compliance Paper for Disney Corporation Team A FIN 370 July 13, 2011 Steven Russell Ethics and Compliance Paper for Disney Corporation The role of ethics and compliance that Disney Corporation commits to in accordance to their financial standards promotes conducting their business with the highest standards of business ethics, rules, laws, and regulations, which Disney Corporation has adopted Code of business conduct and Ethics for Directors Code. Directors have guidelines that
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Ethics and Compliance Paper Microsoft was founded in 1975 and is a worldwide leader in software and solutions that help companies and individuals attain their full potential. Microsoft has long sustained its place at the top due to its organization strength, financial and strategic planning as well as conducting business in ethical and proper manners. The following paper will discuss the company’s role and processes to comply with governmental regulations that allow the growth and success it has
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Statement of Ethics Statement of Ethics Table of contents Using the Statement of Ethics The 3 Basic Beliefs and Guiding Principles Introduction Who is Covered What Law Applies Associate Responsibilities Additional Responsibilities for Management Associates Discipline for Violations 4 5 6 6 6 6 7 7 8 8 8 8 9 Leading with Integrity in Our Marketplace Fair Competition Intentional Dishonesty Financial Integrity Insider Trading Restrictive Trade Practices 19 19 19 20 20 21 Leading with
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itself on the brink of bankruptcy. The company stock was worthless and within a short period of time has gone down by 89.00 per share. A scandal was revealed that involved the companies own accounting firm, Arthur Anderson, and Enron. The unethical practices of Enron were discovered in 1990 resulting in an investigation, which included finding out why stock prices being manipulated. This paper will identify the failures of the management and leadership of this company, how correct and positive organizational
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