What Is Embezzlement In The Workplace

I have been told my entire life by my mother and father numerous times that bad habits will cost you later in life. I have never really taken those words to heart because I tend to learn from my mistakes through first hand experience. Because of this, I signed up for an internship at Meggitt Incorporated in Troy, Indiana to be their accountant’s assistant. Through the three months I have been there I have learned a lot about the world of accounting, but what I have also learned the traits and qualities that a good employee possesses, and also what qualities and traits a bad employee possesses. Not only that, but examples of bad employees. As a result of this knowledge of the work place, I now know how an employee can get fired from their job. Attendance, for any business, is a must for their employees. Not showing up to work can consequently lead to many different
Embezzlement is defined as theft or misappropriation of funds placed in one's trust or belonging to one's employer. Embezzlement can be conducted by just one person or an group of people. It can also range in terms of how much money can be taken. The amount could be ten dollars, or it could be ten thousand dollars. Either way, stealing money from a business is classified as embezzlement. Embezzlement will often happen in the field of accounting. These accountants will illegally transfer their company's money into a private bank account. While some will transfer a large amount of money into their bank accounts, others will transfer small amount of money over a certain amount of time. To do this, accountants will send payroll checks to fake employees that are set up in that private bank account. Once an account is caught embezzling money from the company, they will be fired. Along with being fired, they will also be expected to pay all the money that they stole back to the