Preview

Biblical Principles Applied to Accounting

Good Essays
Open Document
Open Document
547 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Biblical Principles Applied to Accounting
Biblical Principles Applied to Accounting

When most people think of business they picture a bunch of fat cats in suits stealing

from the poor in order to fill their own pockets. The reality is that for the most part that

couldn’t be further from the truth. Hard work, innovation, and honesty make up the true

business man’s credentials. Jesus could have possibly learned some of these traits when he

worked at his father’s business as a carpenter.

Accounting is the numbers side of business, but it definitely can be a place where a

Christian can excel or fail at keeping the faith. Accounting is all about keeping track or

“account” of everything and making sure everything is in order. Being true and honest in your

account is extremely important. The concepts of accountability, stewardship, sin, deceit, and

disclosure all play a key role in representing Christ in the workplace.

1 Corintihians 4:2 tells us that, “those who have been given a trust must prove

faithful”. When investors look at possible companies to invest in numbers are king. Potential

shareholders want to see big profits and small losses. Accountants are faced with a choice

each and every day to either be honest and potentially look bad, or be truthful and face the

consequences. It is extremely easy to “fluff” up numbers when doing complex accounting

because the average joe will just take your word for it. 2 Corinthians 8:21 tells us, “For we

aim at what is honorable not only in the Lord's sight but also in the sight of man.” Clear and

thorough work is what were called to do, and every accountant knows this.

“Cooking the books” is a common practice that inflates numbers in order to make a

failing company look appealing to onlookers. This practice is not only deceitful, but it is also

dangerous. By keeping a failing company afloat with false numbers one is only looking for

trouble and digging themselves into a deeper hole.

You May Also Find These Documents Helpful

  • Powerful Essays

    rsm100

    • 2110 Words
    • 9 Pages

    Both people inside an organization and people outside an organization use accounting information to help them make business decision.…

    • 2110 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    accountants and the general public a snap shot of a company’s overall financial condition and…

    • 2124 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    How Smell Affects Taste

    • 2027 Words
    • 9 Pages

    “Taste and see that the LORD is good; blessed is the man who takes refuge in him.”…

    • 2027 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Given the importance of earnings, it’s no surprise that management of organizations have keen interest in the way they are reported. Every executive therefore needs to understand the effect of their accounting choices so that they can make the best possible choice for the organisation. In other words, they must learn to manage earnings.…

    • 1076 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Accounting Ethics 2

    • 531 Words
    • 3 Pages

    ASSUME YOUR WORK AS AN ACCOUNTANT FOR FEB REALITY CO., A SMALL LAND DEVELOPMENT COMPANY THAT DESPERATELY NEEDS ADDITIONAL FINANCING TO CONTINUE N BUSINESS .THE CEO OF YOUR CO. IS MEETING THE MANAGER OF UIC BANK AT THE END OF THIS MONTH TO TRY OBTAIN A LOAN.…

    • 531 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Irene Mccormack's Life

    • 219 Words
    • 1 Page

    “God’s already made it plain how to live, what to do, what he is looking for in men and women. It’s quite simple: Do what is fair and just to your neighbour, be compassionate and loyal in your love; and don’t take yourself too seriously— take God seriously.” (Micah…

    • 219 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    Manufactured Homes

    • 277 Words
    • 2 Pages

    How well does accounting measure strategic success and business risks, and what are the earnings quality implications of these…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

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

    • 2078 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Bibl 350 assigment 3

    • 2685 Words
    • 11 Pages

    - Paul also says not to act thoughtlessly but to do what the Lord wants you to do.…

    • 2685 Words
    • 11 Pages
    Better Essays
  • Good Essays

    Pacioli on Profits

    • 370 Words
    • 2 Pages

    Luca Pacioli is referred to as both the “Father of Accounting” and the “Father of Profitability.” He was the first to describe in detail the double-entry bookkeeping, a process that plays an integral role in the development of capitalism as it allows us to calculate profits (Fischer, 2000). According to Pacioli, the hallmark of a successful business is what he calls the profit motive. This is the notion that successful business men and women must acknowledge and be influenced by the spiritual aspects of their lives. Or more specifically, Pacioli maintained that business people must insist on justice, honour, and truth, elements derived from an almighty being. For Paciloi, these three elements ought to guide business transactions. Pacioli believed that businesses must not pursue blind profits; instead, business needs to be aware of social constructs. However at the same time, he wholeheartedly believed in seeking maximum profits because profits are motivators, making people work both more efficiently and happily (Fischer, 2000).…

    • 370 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In the accounting world there are several financial statements but the four main financial statements that are universally understood and prepared for most publically traded companies and many small and medium sized businesses are the income statement, the balance sheet, the statement of cash flows, and the statement of retained earnings (sometimes referred to as shareholders’ equity). A fundamental ability to properly interpret the information these statements contain allows internal and external users to make a wide array of decisions affecting company operations and decisions on whether or not to invest. Users of financial statements look to the income statement to learn and assess a company’s performance over a set period of time, often a month or a year. This statement depicts the company’s revenues and expenses with the difference reflecting the net income (or loss) resulting from the…

    • 862 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “4 He that hath clean hands, and a pure heart; who hath not lifted up his soul unto vanity, nor sworn deceitfully. 5 He shall receive the blessing from the Lord, and righteousness from the God of his salvation.”…

    • 808 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Beta Alpha Psi would like to inform you about all the great and wonderful opportunities that a career in accounting can provide and the skills required to being successful in the path of accounting. One of the crucial decisions a student has to make is picking a major to pursue and a school they want to attend. Accounting is known as the language of business because of its involvement of making a business successful and allowing investors, owners and anyone else make a decision of being involved and associating with a business based on the reports provided by accountants. Accounting is not only sitting on desk writing number down it is much more than that. There are multiple things that one can do with accounting such as Taxation, Auditing,…

    • 568 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Book Review Paper

    • 1629 Words
    • 7 Pages

    This paper is a review of the book by Wayne Grudem called Business For the Glory of God (Grudem, 2003). This book consists of eleven chapters in which Grudem talks about different areas of business and how these areas of business, conducted morally, can help and enhance your relationship and glory to God. Grudem wants the business world to get away from the negative feedback that business has been getting and see that it 's the immoral business owners of the past that have really put a negative spin on business and Christianity. Grudem want people to go into business to glorify God and not shy away from it with thoughts that the business world is full of sin and corruption. He explains this in each chapter which is dedicated to specific parts of business. The chapters in the book and the business aspects that Grudem talks about are: Ownership, Productivity, Employment, Commercial Transactions, Profit, Money, Inequality of Possessions, Competition, Borrowing and Lending, Attitudes of the Heart, Effect on World Poverty.…

    • 1629 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Islamic Accounting

    • 480 Words
    • 2 Pages

    • Purpose Accounting : To permit informed decision which will enable scare resources to be allocated efficient to achieved ‘social welfare’.…

    • 480 Words
    • 2 Pages
    Satisfactory Essays