The Effects of Technology on the Accounting Profession ACC340 / February 16‚ 2015 There are several advancements in technology that has allowed companies from all different sizes to keep accurate financial data and records as well as decrease or as far as eliminate paper records. Technology has really advanced the accounting field by allowing the ability to process and interpret financial information more effective and efficient. Since technology has advanced with the introduction to the internet
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Dawn Howarth ACC122 Managerial Accounting Career Paper Baker College What is Managerial Accounting Managerial accounting is the process of identifying‚ recording‚ analyzing and finally presenting the financial data which is used by the management and business owners for the purposes of command and for decision making. The difference between financial accounting and management accounting Financial accounting is reported publicly while management accounting is used by the company or organization
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Rui Chaves The Schiavos‚ Rule Utilitarianism‚ and Kantian Ethics The case of “The Schiavos” is focused primarily on one member of the family‚ which is Terri Schiavo. Terri had been in a coma for 13 years. Although‚ “no one is completely sure what happened but the best guess is she suffered a heart attack” (Pierce‚ 64) presumably caused by her bulimia. Due to the severity of her heart attack‚ it left Terri with severe brain damaged which in turn left her in a persistent vegetative state which leaves
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Ethical System Teleka Seh Gwynedd-Mercy College (PHL 2000) Encountering Ethics February 3‚ 2013 Joe Coleman Abstract There are many ways of viewing the ethical system and far too many to even explore. I will give a brief explanation as to how the ethical system is applied both negative and positive. Individuals share different ideas in reference to what is right or wrong and if communities differ and can’t seem to compromise then they have different ethical system and
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Introduction Using Deontological ethics this assignment will discuss personal experiences involving business ethical problems. I will draw from Kant’s categorical imperative to describe the situation‚ confrontation‚ and implications present throughout the problem. Not long ago‚ my wife and I both wanted to earn extra income. After brainstorming several business ideas‚ we decided on creating a small home-based business focusing on candy. At the time my wife worked for a fortune 500 company and
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The theories of Utilitarianism and Ethical egoism differ in many ways‚ however‚ they are both similar in the aspect of making choices and having the best outcome for those choices. Ethical egoism claims that an action must be morally right and completely maximize ones own self-interest or interests. The “opposing theory” Utilitarianism‚ states that an action must be one that produces the most good overall or to all those affected. Utilitarianism and Ethical egoism are forms of consequentialism in
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The philosophical system of deontology is a rule-based system that judges the morality of an action itself instead of the consequences of the action. The term deontology is derived from the Greek words deon‚ meaning duty and logos‚ meaning science. The focus is on the rightness or wrongness of the actions themselves as opposed to the right or wrong of the consequences of the actions. This system places special emphasis on the relationship between duty and the morality of human actions. Some descriptive
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Ethical Egoism and Utilitarianism are considered consequentialism theories because they both focus on the outcome of conduct as the primary motivation of that action and whether or not that conduct is ethical. Consequentialism is a moral theory that states that the consequences of one’s actions are the basis of any morality or judgement toward that action. The major difference between the two theories is where those acts are directed. Utilitarianism focuses on the idea of the greater good or to
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By 2010‚ foreign companies will be able to file on U.S. Stock Exchanges using IFRS standards. With that in mind‚ what are some of the challenges facing the accounting profession‚ and how do you see them affecting you in the future? Provide specific details to support your opinion in your response. Answer: The accounting field has standards in place that are used to report financial information of companies so that one can get a clear understanding of the company’s financial standing
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Why Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10‚ 2006 What does ethics have to do with accounting? Everything‚ since there have been some recent financial accounting scandals; a few examples being Xerox‚ WorldCom‚ Enron‚ which have generated much unwanted and unfavorable publicity for CPA’s‚ including those working as controllers or chief financial officers for organizations. When you hear the
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