Ethics in Accounting

Topics: Ethics, Business ethics, Risk Pages: 3 (830 words) Published: May 2, 2007
Financial Decision-making is one of the most important things in our business world today. In today's diverse world, ethics in accounting and financial decision- making is a process that many organizations have trouble dealing with. Many organizations put emphasis on ethics and the financial decision making process within the organizations( It is expected that all organizations will behave in an ethical manner in the current economy. ( In today's business world, it is difficult to define what ethics are because of the different ethical beliefs people have. Today, business people do anything to earn money, even if it includes practicing unethical behavior. Greed is an unacceptable and unethical behavior that revokes a businesses' ability to make money. Even though the goal of any business should be to create more wealth, some business practitioners' unethical behaviors create somewhat of a barrier at time. In the long- run, that trust depends on ethical business practices that project income in the future. Dr. Smith,K., Dr. Smith,L (2003) Whether a person's ethical values are developed from family, religion, or personal observation and experience, there are some basic ethical beliefs that everyone can agree with. According to Mantzke, K. Carnes, G., & Tolhurst (2003), the need to infuse more ethics content into accounting programs is broadly accepted, ethics is only one of the many demands upon accounting curriculums. Implementing good ethical behavior in a business helps the business become very successful. In many organizations, bad ethical behavior can lead to many negative things within the company that affects every person tied into the company. These same concepts apply to the navy. In the navy, there is much diversity that a person must deal with, whether it is culture, religion, or simply sex, that has an extraordinary effect on "production". People from different parts of the country are...

References: Mantzke,K., Carnes,G., & Tolhurst, W. (2005 September). Incorporating professional ethics throughout an accounting curriculum. The CPA Journal, 75 (9), 66.
Smith M., & Smith K., (2003 June) Business and Accounting Ethics. (Web) ( retrieved Mar 20,2007.
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