Ethics Ethical And Ethical Considerations - 1741 Words

The idea of being ethical shouldn’t only play a role in business fields, but also in a normal person’s everyday life. Being ethical pertains to what one thinks is right and wrong. For some one thing may be right while for others that same thing may be wrong, it all depends on your own beliefs and morals. In the accounting world being ethical deals with morals and embedding trust into a company. For small business investors, creditors and managers being ethical is a simple way of staying out of trouble, and is easier to distinguish between right and wrong. WorldCom was one of the biggest telecommunication company that our world h as seen and also had one of the largest accounting frauds in history. WorldCom was a company that did not stay ethical in their ways of doing business. In accounting, the ethical consideration is honesty. You want to help your client to pay as little tax as possible, but you also do not want to cheat the government. In business, the ethical cons iderations are honesty, fairness, and quality. You want to make money by paying the lowest possible wages and producing goods as inexpensively as you can. But you also do not want to starve your employees, or produce shoddy goods that will give you a bad reputation. You also want to outsell your competition, without resorting to unfair business practices. According to the journal article An Analysis of Fraud: Causes, Prevention, and Notable Cases by Kristin Kennedy we see the development of WorldCom andShow MoreRelatedThe Ethical Considerations Of Ethics1132 Words   |  5 PagesEthical Considerations Ethics is one of the most important considerations when making a decision about end of life. It is also where the most controversy lies as arguments, using ethical theories, can be made for and against laws on end of life. â€Å"Ethics has at least two primary functions: to guide our actions, and to provide justification for the guidance given† (Schuklenk et al., 2011, p. 42). A duty-oriented ethicist would be against euthanasia and physician assisted death. They believe â€Å"weRead MoreLegal Ethics And Ethical Considerations1169 Words   |  5 Pages Legal and ethical considerations. A number of ethical considerations are unique to couples and family therapy. Because most couples and family therapists focus on the family system as the client rather than on the individual’s dynamics, potential ethical dilemmas can arise from the first session, which need to be clarified. Because of the increased complexity of their work, couples and family therapist are faced with more potential ethical conflicts than are practitioners who specialize in individualRead MoreEthics And Management : Ethical Considerations By Observers Of Earnings Management909 Words   |  4 PagesRelated Judgments by Observers of Earnings Management. The abstract emphasizes that the earning management is the major ethical issues in accounting. Regulators and investors examine professional judgment through legal books (p. 285). Introduction. The author studies accounting methods, earnings management, and financial reporting to examine the ethicalness of judgments. Management’s ethics play a key role in earnings management activities and financial reporting. The researcher questions if the accountingRead MoreIndividual Assignment: Consideration for Ethics and Diversity Proposal Choose One or Two Ethical Considerations and One or Two Diversity Considerations on a Company You Will Research or Your Present Place of Employment.973 Words   |  4 PagesProposal to Make Ethical and Diversity Considerations to Improve the Strategic HRM Planning Process. Prepared for Jane Doe HR Director ABC Restaurant amp; Pub Prepared by _______ Personnel Director ABC Restaurant amp; Pub December 24, 2012 ABC’s Restaurant amp; Pub Ethical and Diversity Considerations to Improve the Strategic HRM Planning Process. I have gathered information over the last five weeks about department policies and best practices pertaining to ethical and diversityRead MoreManaging Human Resources1816 Words   |  7 Pages1 December 2012. SUBJECT: Alternatives to address the Faulty Whistle. Organization business plan could not occur without integrity, and implementation of high-level ethical consideration enhances company value and market competitive advantages. The company needs to take immediate decision with regard to the ethical consideration to enhance organization market advantages. Three alternatives have been identified to address the problem regarding the whistle. First alternative is to ask the qualityRead MoreEthical Perspectives Essay1271 Words   |  6 PagesEthical Perspectives Introduction Ethics involves identifying, differentiating, and defending concepts of right and wrong, and what values humanity retains from ethical growth and development. The Williams Group for Ethics and Management developed an exercise, called the Ethics Awareness Inventory, which analyzes responses to a set of questions, and categorizes the results under four ethical perspectives: Character (or Virtue Ethics), Obligation (or Deontological Ethics), Results (or Utilitarianism)Read MoreEssay on The Case Study Concerning Joelle1094 Words   |  5 Pages Ethics plays a very important role in one social system and basically on how the people will make their actions or decide on a particular thing on whether it is the right or the wrong thing. Ethical consideration is very important. It helps a person or a group of person understands whether the actions are right or wrong. Ethics is a very critical factor most especially when considering where the ethical standards are to applied. Aside from it, weighing results of actions or decision isRead MoreEffective Ethics and Ethical Behavior1468 Words   |  6 PagesEffective ethics and ethical behavior Memorandum and Report Carol Harris TO: Rebecca M. Melton, ABC Toy Co. CEO FROM: Carol Harris, Elementary Division Manager, ABC Toy Co. DATE: 6/5/11 SUBJECT: Product quality issue and a report on ethical decision making. This memo addresses a product quality issue with a whistle included in our toy collection. I have included a report on the importance of ethical decisionRead MoreReactions and Reflections to Cyndi Banks Criminal Justice Ethics: Theory and Practice1060 Words   |  4 PagesReactions and Reflections on Readings in Cyndi Banks Criminal Justice Ethics: Theory and Practice Introduction No serious-minded individual over the age of twelve actually thinks that justice and ethical issues involved in criminality are purely black-and-white or clear-cut issues of good and bad. The first chapters of Cyndi Banks (2008) Criminal Justice Ethics, however, make it clear that the issues of right and wrong in the criminal justice system are far more complex, specific, and subtleRead MoreThe Ethics And Social Welfare1568 Words   |  7 Pagessituations in which individuals need to make choices given different equally compelling moral options. However, rarely are ethical choices simple; most decisions are restricted and invokes internal conflict as dilemmas highlight the differences and those conflicts when deciding on a course of action. The current literature contains a critique of an article selected from the eJournal Ethics and Social Welfare. It focuses on a dilemma encountered in a practice situation involving an inexperienced practitioner