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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)
...urvey of ethical behavior in the accounting profession. Journal of Accounting Research, 9 (2), pp. 287-306.
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.
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.
Crane, Andrew, and Dirk Matten. "Questioning the Domain of the Business Ethics Curriculum." Journal of Business Ethics 54.4 (2004): 357-69. Web.
Sharland, A., Fiedler, A., & Menon, M. (2013). ETHICS IN THE BUSINESS CURRICULUM: DOES DELIVERY NEED TO BE REVISITED?. Southern Journal of Business & Ethics, 5.
[1] Ethics is defined as “the code of moral principles and values that governs the behaviour of a person or a group with respect to what is right or wrong” (Samson and Daft, 2005, p.158)
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.
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
Ethics are an area of study that deals with ideas about what is good and bad behaviour: a branch of philosophy dealing with what is morally right or wrong (Cory, 2006:19).
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.
Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.
Ethics is a system of moral principles and a branch of philosophy which defines what is acceptable for both individuals and society. It is a philosophy that covers a whole range of things that have an importance in everyday situations. Ethics are vital in everyones lives, it includes human values, and how to have a good life, our rights and responsibilities, moral decisions what is right and wrong, good and bad. Moral principles affect how people make decisions and lead their lives (BBC, 2013). There are many different beliefs about were ethics come from. These consist of; God and Religion, human conscience, the example of good human beings and a huge desire for the best for people in each unique situation, and political power (BBC, 2013).