today’s world businesses and firms are required to uphold high levels of ethical behaviors for them to run successfully. There have been an overwhelming increased number of unethical behaviors in the accounting environment where a lot of accounting environment present accountants with many accounting dilemmas. Accountants handling any financial information such as companies financial statement must be operate out rightly in an ethical manner because such information is critical to a company’s well being
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Faculty of Commerce Faculty of Commerce - Accounting & Finance Working Papers University of Wollongong Year Accounting Theory and Practice: the Ethical Dimension M. Gaffikin University of Wollongong‚ michael gaffikin@uow.edu.au This working paper was originally published as Gaffikin‚ M‚ Accounting theory and practice: the ethical dimension‚ Accounting Finance Working Paper 07/04‚ School of Accounting Finance‚ University of Wollongong‚ 2007. This paper is posted at Research Online. http://ro
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Ethical Standards in Health Care Accounting Ethical Standards in Health Care Accounting As a health care manager‚ there is a need to understand the basic accounting principles and the need to be able to look at a financial report and understand what it says. Without these keys and a good ethical compass‚ there could be serious consequences and could result in loss of revenue‚ funds‚ termination‚ or even prison time. Now this may seem like an extreme statement‚ but without using the four elements
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Solving Ethical Dilemmas in the Accounting Profession Abstract This paper outlines the ethical dilemmas that an accountant faces when presented with any given project. In this case‚ Daniel Potter‚ a staff accountant‚ is presented with an auditing assignment where he is forced to make the decision to either follow the orders of his immediate authority or the ethical guidelines set forth by auditors. Solving Ethical Dilemmas in the Accounting Profession In the case The Dilemma of an Accountant
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Security Breaches: Collaborative Summary Isaac Williams BIS/221 December 22‚ 2014 Mary Robbins Preventing Security Breaches: Collaborative Summary During Week 2‚ our team focused our collaborative discussion on different technologies that businesses can use to prevent security breaches and reduce the risk of cyber-attacks they are increasingly experiencing. To aid in our discussion‚ team member‚ Jennifer Ashton‚ posted an article entitled “The Right Technology Fix Can Help Prevent Breaches”‚ written
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While I was looking for an appropriate topic for research‚ I found an interesting publication‚ which fitted best to the subject (ethics in managerial accounting issues) and also included 5 good examples examples of possible problems associated with the field. The method of the study seemed unclear‚ especially considering the connection between the serial number of a dollar bill and the question to which the respondent had to answer in the end (in my work I will constantly refer back to the text
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Current Ethical Issues in Managerial Accounting No company can nowadays afford to function alone. Partnerships are increasingly getting important and the effective exchange of information can determine profit or loss. An important method to cope with the increasing complexity is called supply chain management (SCM). It is enterprise-wide planning‚ management and control of all logistics tasks in the value chain. I decided to choose this topic because I had the chance to work with the system
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What security breaches may cause harm to an organization or its clients? Malicious software called malware such as viruses‚ worms‚ Trojan horses‚ and spyware can all cause security breaches within an organization as well as towards its clients. “Internet security firm Symantec reported in 2011 that it had detected 286 million new and unique threats from malicious software in 2010‚ or about nine per second‚ up from 240 million in 2009.” A computer virus is a rogue software program that attaches
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contract‚ failing which legal action can be taken. A failure or refusal to perform one’s obligations under the contract will be called a "breach" of the contract. Contract breaches have wide ranging consequences both legal and practical to the parties to the contract. This article will address the various effects that contract breaches will have on businesses. Some of them are set out below:- (a) Injury to reputation - It is not good for a business’ reputation if word gets out that they have not honored
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Ethical Issues in Managerial Accounting HSBC ethical and legal scandal Overview HSBC is one of the largest financial institutions in the world‚ with over $2.5 trillion in assets‚ 89 million customers‚ 300‚000 employees‚ and 2011 profits of nearly $22 billion. HSBC has operations in over 80 countries‚ with hundreds of affiliates spanning the globe. Its parent corporation‚ HSBC Holdings‚ called “HSBC Group” is headquartered in London. Its key U.S. affiliate is HSBC Bank USA N.A. (HBUS)
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