Accounting Relationship

Business functions are all highly related within an organization. All departments must work together in order to ensure the organization runs smoothly. This paper will address the relationship between the Accounting and Management functions. One which provides crucial financial reports and data to decision makers within the organization, and the other, which provides direction for the organization, and helps sets the strategy for the organization that ensures its continued profitability. Business Law and Ethics go hand in hand and it is important for an organization to keep both in mind when making decisions so that they do not suffer consequences from unethical and/or illegal business practices. Ethics and marketing are two more relationships that are integrated. It is important for marketing practices to be ethical, and marketing departments can promote ethical behaviors. The final relationship which will be discussed is economics and management. Economic factors and data can have several implications for management, which can affect their strategy and the profitability of the company. Management and the decisions it makes can have an effect on the market and thus can have effects on the economy. Overall, all of the business functions have effects on each other. II. Accounting/Management

The accounting function is

Management decisions and the culture that is set by management within an organization can have an impact on the accounting function. For example, if negative pressures by management were exerted on the accounting function, this could create the opportunity for unethical behaviors such as “fudging numbers”. It is important for management to acknowledge the effect that they can have on the decisions in other functions of the organization and ensure that they are motivating their intended actions. Decisions made by management also effect the accounting function by impaction the numbers the accounting function