...Ethics and why they are important in using Accounting Software By Kevin Alexander Computerized Accounting acc231-f2014-ol-u-91502.001 Introduction Accounting is an honorable profession. Accountants must adhere to a set of standards that many other professionals do not have to be subject to. The ethical aspect for an accountant working in the public or private sector comes down to them being vigilant in making sure there are no outside chances of outside forces manipulating financial records which could lead to both ethical and criminal violations (Lister, 2014). Using ethical standards when using accounting software is very important whether you are an accountant, bookkeeper, or a small business owner. The following: technology, segregation of duties, and balance will provide some explanation to why ethics is important in using accounting software. Technology Automated accounting software brings neutrality in the management and reporting of financial information within a company. It provides a reduction of misstatement by unethical employees that handle the data. Yes, they may still input the wrong data for unscrupulous reasons, but accounting software tends to deter the process of doing this because errors can be found more easily. The accounting software must be easy to use and fit the company’s needs, this makes it more likely employees and accountants will not be willing to input incorrect information just to get the job done (Wicks, 2014). Segregation...
Words: 546 - Pages: 3
...business ethics in an organization We hear about this word ‘Ethics” almost every day. We are all aware of the fact that there is a public consciousness which is related to ethics that is way much more important than it was few years back. It is obvious that business ethics are important throughout every area of the business. Most businesses are often more likely to become successful when they are known for dealing honestly with people from its employees and customers to shareholders and vendors. What does the word ‘business ethics’ really mean? Business ethics are nothing more than the code of values and principles that govern the actions of an individual, or a group of individual, regarding what is right and what is wrong. Business ethics are not just about the difference between right and wrong, but they are the actual application of that knowledge to business. Their absence in an organization can be harmful to the progress of any businesses or organizations. Every time a new business is launched, whether it is business of a sole trader or an enterprise, the owner or owners must first legally adopt a code of ethics. For small businesses, the code of ethics is usually unwritten and sometimes not even discussed and decided upon, but still it exists. Where as, for larger businesses such as a full-blown brick-and-mortar corporate enterprise, they often have written codes of ethics and employees are trained and required to adhere to it. It is very important to understand...
Words: 1994 - Pages: 8
...Importance of Ethics in International Business Executive Summary Ethics in the business world is important and global. Ethics indicate what is right and what is wrong in business branches and also lead employees and stakeholders with moral values. Due to the globalization of markets and production processes, business people have to deal with ethical issues in cross-cultural settings at an increasing number. The purpose of this paper is to explain the importance of international business, emphasise the ethics of a business and the significance of ethics in terms of expanding internationally. Ultimately, creating and maintaining acceptable organizational ethics will become beneficial in international business. Why do businesses expand internationally? Expanding a business to an international level has a huge upside. In a broader sense, without international trade, countries could only consume what they produce domestically, making it harder for every single country. An international business opens new opportunities such as new markets and more jobs. Today, developing countries represent about 80% of global population. Uncertainty and legal applications are sometimes great sources of concerns in international business operations (Hewhorn, 2008). Therefore, an international business has to take into consideration and become aware of the countries in which operating in. Today, companies are affected by global events and competition whether the corporation is enormous or...
Words: 1541 - Pages: 7
...Kathleen F. Brochu Manage Principles Dr. M. Miller Research Paper “Ethics” Should Ethics be taught in the Corporate Environment? By Kathleen Brochu Table of Contents Cover Page Title: “Ethics” Should ethics be taught in the corporate environment? By: Kathleen Brochu Introduction What is Ethics? Can ethics be taught? Whose responsibility is it? Body Meaning of Ethics How one learns ethics How to promote ethics in the work place Conclusion Higher production rates Caring Employees Improved Companies relationships Today’s business environment is not only fast-paced, but also highly competitive. In order to keep pace and stay ahead, possession of several key work ethics is a plus for achieving a successful career. Holding key traits such as attendance, character, teamwork, appearance, and attitude add value to both you as a person and your company. Successful careers come in many flavors, but work ethics are a main ingredient in most recipes for success. Ethics are not born in a vacuum. Ethics are more like a jigsaw puzzle that is thrown together over time, that when complete makes up who you are and what you believe. From our earliest days of life, we start to learn from those around us. These learned behaviors add to the traits that we are already born with and help to shape us into the person we will become. As part of this learning process, we develop what will become our norms. Norms are our everyday...
Words: 1184 - Pages: 5
...Global Business Standards Codex. Using these principles, describe an example of a company that does follow one of these principles, and then describe an example of a company that does not follow one of these principles. Question 4 Review Table 2-1 in the textbook, which relates to the myths about business ethics (page 23). Select three myths, and discuss why they represent a general misunderstanding about business ethics. Question 5 Examine the three simple tests identified by the Institute of Business Ethics (page 25). Use these tests, and discuss a decision you made dealing with ethics. Unit IV Question 1 What part should the government take in ensuring that corporations are environmentally “friendly”? Fully discuss your answer. Question 2 Discuss the concept of environmental sustainability. Discuss the challenges to sustainability faced by developed, emerging, and survival economies. Do you think the “green” movement is a fad, or is it here to stay? Question 3 Corporations define themselves in terms of being environmentally friendly and “green.” What do those terms mean, and how can they be implemented into a workable company policy? Is being green important to your company? Question 4 What...
Words: 788 - Pages: 4
...Ethics: Why is it Essential in Management? Michael Perez Dr. Marie Harper MGMT 618 28 February 2016 Abstract Ethics is a subject that most people or companies tend to avoid due to the complications that tend to arise when it is brought up. Though ethics can be a sensitive subject it is very important in life, business and especially in management. Managerial ethics is something that companies say they have when it comes to how they do business but are there managers really ethical or are they just looking the other way when it comes to ethical issues that might arise within their company. Keywords: Ethics, Management Ethics: Why is it Essential in Management? When it comes to ethics in management it is essential for business to have, but most of the time it is just a way for businesses to check off the box saying “My business has ethical leaders”. This can be said for companies, branches of the military and people that hold a position over other people. As Marshall Schminke states in his book, Managerial Ethics Managing the Psychology of Morality, Ethics is not something that can be taken lightly due to the fact that it is something that holds great value when it comes to how people see a leader or manager. Though it may be hard for companies to say yes all of my managers are ethical it is something that is an ongoing process within companies (Schiminke, 2011). Ethical Leadership When it comes to management nowadays it has many issues that affect the way business...
Words: 2664 - Pages: 11
...Ethics and Development PHL/323 March 24, 2012 Instructor: Doris Savron Introduction Ethics, morals, and values have become a topic of interest in recent years. These principles are discussed and addressed in different aspects in life – personal, social, and professional. Even with the recent focus many of these principles are taught in the earliest stages of learning. In recent years, people have realized that ethics, morals, and values are delicately intertwined and effect every situation and have no boundaries. This has led to the recent demand to educate individuals on ethics, morals, and values. In this paper the first discussion will be the meanings of ethic and morals and what they are. Then, what is my underlying ethical system and primary principles, the sources that shaped my ethical views, and any decision–making factors that may have participated in revising any of my original ethical beliefs. Other topics to be discussed will include ethics and the potential effects it has on my performance in the workplace and why ethics are important to have in any organization. The need for every successful organization to have an integrated ethical system in place and how apply these guidelines will affect the individuals, organizations, and society associated with it. Defining Ethics and Morals According to Trevino and Nelson, ethics is the principles, norms, and standards of conduct governing and individual or organization (Trevino & Nelson...
Words: 1184 - Pages: 5
...ethical relativism is in general accepted as the standard. Although I realize that given the fact that the best of philosophers have failed to give solid arguments for either ethical relativism or ethical absolutism will most likely be unable as well, however that is not my goal. Rather my purpose is simply to make us question the ethical relativism to which we have become so accustomed, and to demonstrate some reasons why ethical absolutism may be correct. We all know that people, in general, treat ethics as being subjective. Does that, however, make that right, just, and ethical? To put it simply, the answer is: no. This is obvious given the common example, "if all the other kids were jumping off a cliff, would you do it too." The masses are not always right. So now the thought in all your minds is "come on - go ahead! Prove us wrong." I'm not trying to prove anything, however I will hopefully give you enough information to make you question what is right, and if I do, then I've accomplished my goals. Lets begin with the basics. "What are absolute ethics?" Ethical Absolutism, is undeviating moral discipline. Nothing is relative; a crime is a crime, regardless of circumstances. For a quick demonstration of ethical relativism let us use the example of murder. Is it ok to kill someone without reason? Obviously both ethical standpoints would say no. Now lets assume that the murderer is a doctor who could kill one patient to save another. In this case both ethical groups still...
Words: 2114 - Pages: 9
...Questions Segment One: Teen Pregnancy 1. If this was your client, what would you say and do? Be specific. Why would you respond this way? The first thing I would do is remind the client of the rules of confidentiality to maintain a level of trust. Then I would review the situation with her and ask her what would it take for her to be able to discuss the pregnancy with her parents. Provide assistance by asking the client if I could call a meeting with her and her parents and give her an opportunity to tell them in a safe environment what is going on. I would also try to find out who it is in her life that she does trust and who she could tell, maybe a favorite aunt or uncle or maybe a trusted teacher or parent of a friend who could help her inform her parents. I would encourage her to tell her parents mainly because eventually there will be no way of hiding the fact that she is pregnant and that it may be best for her to tell them instead of waiting and have them find out through rumours or by someone else. I would respond this way because if I went to her parents it would be breaking confidentiality and it would destroy any level of trust that had been developed between the client and myself. 2. What is an Informed Consent Form and why is it important? What would you include on your own Informed Consent Form regarding confidentiality? Why? Informed consent is a legal procedure to ensure that a client is fully aware of all the costs and possible risks...
Words: 4062 - Pages: 17
...Week One Read Me First INTRODUCTION TO RESEARCH IN CRIMINAL JUSTICE Introduction This course introduces the student to concepts of research in criminal justice. In this section, we explore the basics of what research is and what it can do in the criminal justice system. This week, the student is exposed to a variety of new terminology relating to research and meet the following objectives. • Explore the scientific approach to criminal justice research. • Distinguish between qualitative and quantitative research. • Differentiate between pure and applied research. • Specify the various functions of the research process. • Summarize the meaning of research ethics and examine the codes of ethics in criminal justice research. • Assess the nature and diversity of ethical dilemmas in criminological research. • Explore the meaning of statistics and the basic ideas behind any statistical study. This Week in Relation to the Course CJA/334 addresses various questions and problems of various components of the criminal justice system. As with other disciplines, criminal justice is sometimes difficult to define, as it involves issues that involve cross-discipline issues from psychology and public administration to sociology and law. Criminal justice research addresses all aspects from police, courts, corrections, criminal procedures, juveniles, and a host of other mundane problems faced by stakeholders. Heffner (2004) states that research...
Words: 1080 - Pages: 5
...you? If so, what was it? Why were you surprised? If not, why not? * * There was nothing in the reading that surprised me. I felt that everything that was covered in the code of conduct is more common sense than anything else. In your adult life, you abide by the same conduct in everyday society, and even the work place. If you came to work intoxicated, sexually harassed a fellow coworker, or stalked someone one, you would have the same consequences to your actions. I feel that the student code of academic integrity was more common sense also. I was taught at a very young age that cheating is wrong. In high school, if your teacher caught you plagiarizing a paper, you would receive a failing mark on the assignment and would have to talk to the dean. Most of the time, the dean would suspend the student. What did you learn about the behaviors considered important for an ethical learner or student in the University of Phoenix learning community? * * I learned that ethics is one behavior that is important to the phoenix learning community. Ethics is something that you have inside yourself that you use to make decisions in your life. It is essential to have good ethics because there are going to be times that you are going to be frustrated; maybe even tempted to use bad judgment. * * Choice is the other behavior that is important to the learning community. Choice is what decisions we are going to make. With our own set of ethics, we can make a choice and...
Words: 438 - Pages: 2
...carefully. We will be reviewing the MOST IMPORTANT PARTS of this in class. Come prepared to ask anything that I might not cover. B) Come to class Monday prepared to discuss the following. As always, the best way to demonstrate preparation for class is by handing in the assigned work. (Hint: I would like you to hand in written answers to these). They should be done on word-processing – hand written work will NOT be accepted. 1. You just got done spending 3 ½ months of your life taking a course called “Fundamentals of Financial Accounting”. In your own words, what was the course all about? What was the purpose? What’s financial accounting? 2. What (are/is) Generally Accepted Accounting Principles (GAAP)? Why are they needed? 3. Are ethics important in financial accounting? Yes or no and WHY. Give a SPECIFIC EXAMPLE of how this area is important to YOU as a member of society? 4. What’s managerial accounting? 5. Do you think that something similar to GAAP is needed for Managerial Accounting? Why or why not? 6. What’s inventory? How was that accounted for in Financial Accounting? WHY was that the correct treatment? For a merchandiser, what types of things were included in inventory? 7. What are sales? What are revenues? Are they different? If so, how? 8. What is meant by cost of goods sold? 9. NOW ASSUME we were a manufacturer instead of a retailer – how would your answers #6-#8 be different? WHY? 10. What is managerial accounting...
Words: 392 - Pages: 2
...|Ethics Case Studies—Learning Application of the 2009 ADA/CDR Code of |[pic] | |Ethics for the Profession of Dietetics | | |Case Study #1: A registered dietitian (RD) is newly employed as part of a treatment team in an ambulatory care setting. After several | |counseling sessions, one of the clients he is counseling for obesity discloses that she is being physically abused by her spouse and is | |experiencing depression. The RD continues to have the client come in for nutrition counseling sessions in an attempt to better understand | |the relationships among her current domestic situation, psychological state and weight issues. During a treatment team meeting, the RD | |reports on the client and is questioned by one of the team members about why he did not refer the client to the mental health professional. | |What should be done in this situation? | |Questions for Discussion | |Is the situation described an ethical issue? Or, is it a business dispute? It is an ethical issue. | |What principle(s) of the Code of Ethics does it...
Words: 9616 - Pages: 39
...on ethics by the Santa Clara University, a number of years ago sociologist Raymond Baumhart conducted a survey asking people about what they think of ethics. The results showed many people linking ethics to their feelings, their religion and standards set by the society (Manuel et al, para. 2). Manuel Velasquez and other authors of an article published by the Santa Clara University on business ethics pointed out flaws in the responses. They believed that feelings sometimes deviate from ethics because a person may feel to do something that is not right (Manuel et al, para. 4). Moreover, they argued that most religions advocate high ethical standards, yet these standards cannot be identified with religion because if they were, they would have only applied to religious people (Manuel et al, para. 5). Finally, saying that ethics are standards that a society set was proved wrong as the standards of behavior in a society can diverge from ethics, considering Nazi Germany which was a society that became morally corrupt (Manuel et al.). This was what ethics are not. Then, what are ethics? Ethics are the well founded standards that are backed up by consistent and well founded reasons. These standards include rights, obligations, honesty, fairness, benefit to society or specific virtues. For example, the rights may include right to life and right to freedom whereas reasonable obligations may include abstaining from stealing and fraud (Manuel et al, para 7). The application of ethics is not...
Words: 3013 - Pages: 13
...Ethics and Professional Code of Conduct in the Real World Today in this world, ethics and integrity are very important for everyone. In the same way that ethics and integrity are important for individuals at the lowest end of the spectrum, they are important for those at the higher ends in authoritative positions as well. Take for example a police chief or sheriff officer. In a position as such, ethics and integrity are important because they set standards and pave the way for other upcoming law officials. Just as a parent with their children, if they do not set the proper examples, it makes it hard for your path to be followed in. For some, they may look at a law enforcement official’s lack of ethics and integrity as, why should I follow your lead, or due to the fact that the right example is not being set, they follow wrong themselves. When people are in authoritative positions, they do have standard they are obligated to uphold especially once they took on their positions. Another reason ethics and integrity are important is because those law enforcements are being looked at for their behavior and the way they handle situations. Being that law officials have certain standards they are to uphold once they took on their position, they are supposed to stand apart from regular civilians. Many times, law officials abuse the authority they were given and knowingly do things that are wrong. The reason they feel they can do this is because they swore to oath within their job description...
Words: 804 - Pages: 4
