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What are ethics? Ethics are the set beliefs and values of an individual which they apply to circumstances relating to morality. To act in an ‘ethical’ manner, an individual must display integrity by doing what they believe to be right. When working within any professional body, an individual will be subjected to circumstances in which personal ethics will come into play. The Accounting profession is no different as ethical questions arise as part of any working day and can effect how an individual or the company conducts business. These questions can vary greatly in practice from selection of new customers to the rates at which those clients are going to be charged. These ethical questions are raised regularly within the workplace and each employee will react to them differently. The varying reactions will depend on the morality of each individual, or each employees own ‘ethics’. As each employee has their own set of values companies must be alert to the fact that some of their employees may have more ‘flexible’ morals than others. This ‘flexible’ morality can lead to corruption and manipulation within the workplace and can give companies serious problems. As a result of this, all of the main professional accounting bodies have begun to re-introduce mandatory courses teaching ethics to their employees. As well as this, ‘A Guide to professional ethics’ was published which contains a number of different principles in order to govern the behaviour of accountants and also to identify and reduce the greatest areas of risk with respect to unethical behaviour. How does a person form their set of morals? Ethical programming had been left out of the Professional Accounting syllabus due to the argument of whether or not ethics c... ... middle of paper ... ...hink over a length of time. Therefore although it is almost impossible to change someone’s morals, they can be guided throughout their employment for the benefit of the company. In today’s business environment it has becomes essential for accountants to have a basic grasp of business ethics. Having the guidelines in places gives accountants a relatively consistent method of addressing ethical situation (based on interpretation). Even simply having a course dedicated to ethics shows accounting students that this is an issue which is an important part of the training and will at least give them a chance to address their own morality. As well as this, teaching morality also gives the company a level of deniability when it comes to any scandals or unethical behaviour. References Can ethics be taught? By Archie Carrol Can ethics be taught? By Manuel Velasquez
Ethics is defined by as the “branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions
The controller and accounting staff play a significant role in company ethics. Specifically, they manage all accounting transactions and are responsible for reporting earnings. Julie must demonstrate a strong ethical behavior and instill this value in her employees. In addition, senior management needs to lead their employees to build a company based on high morals and strong ethics. Without the appropriate leadership, the company will suffer as witnessed during the business scandals of a few years back. As stated by Sam DiPiazza, CEO of Prices Waterhouse Coopers, “It has become dramatically clear that the foundation of corporate integrity is personal integrity.” (2003)
Ethics refers to a system of moral standards that guide the decision for human conduct of what is right and wrong based on everyday life situations, usually in terms rights, obligations, benefits, fairness, or virtue. Ethics is used as a formal guideline for conducting business in order to minimize pain to the greater number of people as a whole. The principles of ethics come from the knowledge and understanding of the word of God, the Bible. It tells us how we ought to think and behave toward one another considering first, how we want to be treated. For instance, we have the right to freedom of speech as long as we don’t insult the integrity of others. In addition, God gives us examples for how make right decisions and warns of those to avoid. Knowing this, that if we have love in our hearts first, for our heavenly father then we’ll have compassion for our fellow mankind to behave ethically.
...urvey of ethical behavior in the accounting profession. Journal of Accounting Research, 9 (2), pp. 287-306.
Ethics or being ethical is simply based on a person’s capability to choose what is right or wrong or good or bad. Ethics can be defined as the body of moral principles or values governing or distinctive of a particular culture or group. (Banks C. , 2009). Ethics is a branch of philosophy dealing with the study of questions of right and wrong and how we ought to live our lives; A system of moral principles (Banks C. , 2009). Over all, morality rests squarely on the shoulders one’s early social environment.
As an individual and ambitious accounting student with plans to pursue a career in public accounting, I recognize the importance of understanding my core personal values and behaviors that guide the ethical principles of my everyday actions. I recognize that I have a responsibility to myself, family, future colleagues, future clients, and the general public to follow certain guidelines and conduct myself in an ethical manner. Furthermore, I acknowledge the idea that ethical dilemmas will occur, but I am committed to my “Personal Code of Ethical Values” (as seen above) that represent my desire to live ethically in every facet of my life.
While this is an ambiguous subject, wracked with speculation and ambivalence, it is an appealing topic of study. A curious facet of the ethical dilemma is that it transcends various fields of interest. The ethics issue is scrutinized by philosophers and psychologists, but this theme is frequently introduced in other curricula. Accounting, for example, has its own set of ethical mandates. Moreover, nearly every profession is impacted by a generally accepted code of ethics – doctors, lawyers, contractors, and the list goes on! In fact, almost every day an individual is confronted with a moral decision.
Crane, Andrew, and Dirk Matten. "Questioning the Domain of the Business Ethics Curriculum." Journal of Business Ethics 54.4 (2004): 357-69. Web.
The term “ethics” is often used within business environments to promote and encourage organizational employees to make fair and honest business decisions daily. However, some scholars argue that, a majority of organizations in today’s business environment use the term “ethics” loosely to meet the current social status quo of business practices, but do not actually enforce the importance of ethical practices with their organization. In order to explore this argument further, a sample business ethics issue will be examined and a Christian worldview will be applied to the ethical issue as a method to correct the business ethical topic.
Ethics are very important in any field. In cost accounting also ethics play an important role. Ethical situations can easily arise in any business setting when money is involved. . The whole Enron saga was the result ... ... middle of paper ... ...
Sharland, A., Fiedler, A., & Menon, M. (2013). ETHICS IN THE BUSINESS CURRICULUM: DOES DELIVERY NEED TO BE REVISITED?. Southern Journal of Business & Ethics, 5.
This essay will talk about the ethical standards and code of conduct in the accounting profession, in particular for CPA Australia, the importance of ethical education for accounting students, the importance for ethical financial reporting and also addresses ways to deal with conflicts that arise from ethical issues in the
Jin, Drozdenko, and DeLoughy (2013) examined the organizational value clusters to determine that the corporate ideology affects the professional decisions and ethical choices (pp. 13-14). The authors used the data of national survey to analyze the organizational settings and mechanism of the corporate value system. The findings demonstrated that the accounting professionals possess the value judgment and ethical responsibility, but exercise the unethical behavior due to the demand and appreciation of the management (pp. 17-18). Jin et al. (2013) indicated that accounting professionals face limited options due to corporate interests, ideology of executives, and myopic mindset. The desire to achieve the high profit and performance results has negative consequences for the corporate ethics. Employees, accounting professionals, and executives sacrifice with commitments and ethical responsibilities. The researchers suggested finding the ways to support the ethical thinking, unbiased mindset, and
The importance of business ethics should be obvious throughout every area of the business. When a business is known for dealing honestly with all people, from its employees and customers to shareholders and vendors, it is often more likely to become successful. While ethics is a subjective topic that may mean different things to different people, it's still very important in all types of corporate settings(Cory, 2006:21).
Ethics are values based on each individual’s environment. They are instilled in your being by parents, grandparents, friends and culture. Ethics are a vital part of society by showing others that we are different and not only by physical appearance. Below are my ratings of each ethical style.