Accounting Ethics Essay example

Careful analysis of the corporate code of ethics, applicable laws, and Scripture provided clear solutions for managers to take to avoid these incidents. First, provide employees the code of ethics, train them to follow the codes, supervise the work of the engineers, and immediately correct violations. Second, take similar steps regarding the knowledge and application of law. Third, Christians must conduct themselves within the construct of God’s Word and these principles should provide an example for others to follow.

The acts of accounting and finance date back to the beginnings of recorded history and has evolved over the centuries to become a cornerstone of societies across the globe. Both the Old and New Testament of the Bible discuss the subject of accounting and finance in many scriptures and parables. The biblical concepts taught about accounting and finance are, without fail, applicable to modern business. Without an ethical foundation build upon a biblical foundation accounting and finance practices are bound to fail. This paper will tie biblical concepts to accounting and finance as well highlight the implications of a secularism.

Business for the Glory of God: The Bible’s teaching on the Moral Goodness of Business

Ethics are crucial to the accounting profession and the business world, so choosing an ethics system to base your moral decisions on is extremely important. Accountants and all business professionals will be confronted with moral dilemmas on a daily basis. Being strong in your faith and knowing what you believe in will help you to always make the right decision. Based on this reasoning, this essay will explain why deontology is the best ethics system for the accounting profession.

As a Christian that is going into the field of accounting and finance, I find that is extremely important to know what my ethical values are. When things get difficult in the workplace, I need to be able to stand up for my beliefs and follow them even when it may cause me trouble. In the world of finance, the most important goal is maximizing wealth and profits at all costs. This paper will look at some of the ways a Christian financial manager can re-act to some of the things that the finance industry will throw at them.

Imagine trusting your hard-earned money like your retirement savings to a financial adviser or Certified Public Accountants (CPA) only to lose it all in a fraudulent Ponzi scheme. In today’s world of business many organizations, financial planners and accountants are in the news due to the financial ethical breaches that have affected their customers, employees, and the general public. A CPA has to be responsible for their audits and take any punishments as a result of their mistakes, incompetence or illegal actions. CPAs are expected to have integrity in their work,

Accountants are held to a higher ethical standards and they must performed their duties in compliance with standards or ethical values of honesty, integrity, objectivity, due care, confidentiality, which must be fully committed to. They must put clients or public interest first before their own. They must have and ethical values and maintain those values way beyond what the society or the company’s code of ethic. It is important that accountants’ behavior or ethical values is in conformity with the

The purpose of this paper is to show that Revelational Christian Ethics is a viable metaethical approach to Business. This ethical theory is a prescriptive and a concrete expression of objective reality. It exemplifies the core values and teachings of Jesus Christ as the foundation of morality and guiding principles for ethical conduct, treatment of others, as well corporate leadership decisions that affect the environment, community, and economics.

Ethical issues have greatly transformed in our lives since the great Enron, Xerox and other huge corporations proposed big profits showing earnings of billions of dollars and yet in reality facing bankruptcy. These corporations faced great trouble with the federals and state for manipulating financial statements. But not only corporations can be blamed on this, accounting firms were involved in this as much as the corporations were. With the business stand point, ethics comprises of principles and standards that guide behavior. Investors, traders, customers, and legal system determine whether a specific action is ethical or unethical. Ethical issue is a vast subject, but we will look at the niche

When determining and defending the use of a particular ethical system within the confines of a profession, it is important to evaluate the system in terms of the professional culture as well as the expected professional conduct laid out within the vocation itself. The accounting profession has been evolving for thousands of years. Early accounting records date business transactions back as far as third century B.C. (Schroeder, Clark, & Cathey, 2009). Early record keeping was for internal purposes and as societies and economies expanded, it became important to maintain records for external purposes as well. According to Schroeder, Clark & Cathey (2009), by the ninetheeth centruy, bookkeeing expanded into accounting (p. 3). From this time, it has been the duty of the accountant to serve the public interest and the profession has been culitvated into an organizational culture with professional norms and standards constantly taking shape in an effort to complete an all-inclusive conceptual framework.

Alexander Hill’s Christian Ethics for the Marketplace in my view point focuses on ethics as it relates to business which also includes the Christian element. Hill outlines the scripturally grounded ethical structure of holiness, justice, and love for business practices. Hill also connects his Christian ethic to the dominant methods of ethical practice in the world of business. Lastly, Hill uses the analysis of case studies in lieu of his proposed Christian ethic. Although questions in regards to ethical behaviors remain conclusively unanswered, several find ethical structure valuable when dealing with difficult situations.

Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.

Christians are called to the higher purpose of fulfilling a spiritual life in accordance to God’s will (II Timothy 1:9 New Living Translation, NLT). At the same time Christians are a part of society and therefore participate in the wealth of the economy. Although some have challenged business is morally neutral, business can be a wonderful way to bring glory to God (Grudem, 2003). This is possible when Christians apply their Christian worldview and abide by a code of conduct constructed from this worldview (Ruddell, 2004). This paper will examine the process of constructing an ethics program based on a Christian worldview.

Wayne Grudem wrote the book ‘Business for the Glory of God,’ this book is based on biblical teachings. The book discusses issues such as ownership, productivity, employment, commercial transactions, profit, money, inequality of possessions, competition, borrowing and lending, attitudes of heart and effect on world poverty from a biblical standpoint, each are “fundamentally good and provides many opportunities for glorifying God but also many temptations to sin.” (Grudem, 2003, p. 19) Grudem claims that business can glorify God. He states “I am going to argue that many aspects of business activity are

Ethics in any industry is important, but for Accounting professionals and those in need of their services, it is a particularly stressed element. Information provided by accountants is used to make major decisions, including investing, downsizing, expanding, etc, so accountants are expected to be competent, reliable, and have a high degree of professional integrity. Because of these high expectations, the professional accountancy industry, like many other professions, has adopted professional codes of ethics (Woelfel, 1986). These ethical codes go above and beyond the requirements for state or federal laws and regulations. There are several professional organizations within the