Why should directors‚ executives‚ and accountants understand consequentialism‚ deontology‚ and virtue ethics? Consequentialism is based on the concept that the moral worth of an action is determined by its outcome. And that the consequences of one’s conduct are the true basis for any judgment about the morality of such conduct. Thus‚ from a consequentialist standpoint‚ a morally right act‚ or failure to act‚ is one that will produce a good outcome‚ or consequence. This view may also be expressed
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K’awaika Senior Center Intergenerational Project Proposed Collaboration with the Laguna Department of Education ORAL HISTORY EXCHANGE Project Purpose: To expand the historical knowledge of Laguna students‚ while also expanding Laguna elder’s social network through an exchange project between the Laguna Department of Education and the K’awaika Senior Center. Project Summary: The Laguna Rainbow Corporation proposes a joint project that would engage the historical knowledge of elders as a
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role of a non-executive director as ‘custodian of the governance process.’ A non-executive director (NED) sits on the board of company just as a normal executive director would do so‚ however a non-executive director does not form part of the executive management team of the company. Essentially they are not an employee of the company or affiliated in any way other than their role as an independent NED. The distinction between a non-executive director and an executive director is illustrated
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consequentialist approach to distributive justice Consequentialism states that an action may only be right if its consequences have good results or are better than that of a different action which includes not doing anything. Therefore one can conclude that consequentialism is that the validation of actions is to be found in consequences. The consequentialist approach has both positive and negative sides to it. Some of the arguments for consequentialism are: * Many may see actions as being a temporary
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examine the morality of a situation and is able to quantify in “utils” the benefit in terms of happiness of an action (Mill‚ 2007). As such‚ moral terms such as “should” derive are able to convincingly derive meaning in any situation through number analysis—which action derives the most happiness for the most people is thus the action one “should” go with‚ and the “good” action versus the other “bad” options. It is due to Act-Utilitarianism’s ability to be universally applied that is so appealing‚ but
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However‚ the theory of consequentialism is the theory which focuses on creating the most good in society. Consequentialism is where simply one attempts to do as much good as one can in their own life. This theory‚ unlike many other theories‚ is appealing to many people because of lack of egoistic concerns involved. Making the world a better place is appealing to nearly every person‚ making this theory easy to connect to for many people. The philosophical theory of consequentialism is a optimistic theory
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knowledge and question technique when tackling a question on ethics. The IESBA Code IESBA’s (IFAC’s) Code of Ethics for Professional Accountants provides a conceptual framework that requires a professional accountant to identify‚ evaluate‚ and address threats to compliance with the fundamental principles. The conceptual framework approach should assist professional accountants to comply with the ethical requirements of the IESBA Code‚ and to serve the public interest. Guidance is provided in several areas:
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What is Consequentialism? Introduction Consequentialism is a concept dealing with morality and its related theories based on the consequences of a person’s conduct. The judgment that is passed about that person is dependent on the morality of the conduct or the act. That is why‚ a morally correct act is believe to result in good outcome or consequences. This view is also referred to as aphorism or the ends justify the means. Consequentialism is different from deontology (deriving right or wrong
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every moral system must deal with the major conflicting general moral issues: Consequentialism versus Non-consequentialism; Self versus Other-Interestedness; Act Utilitarianism versus Rule Utilitarianism; and Emotion versus reason. When all four areas are combined and examined there are conflicting views that must be resolved. First of all‚ there is the issue of Consequentialism and Non-consequentialism. Consequentialism is best described by utilitarianism‚ where decisions are based on the consequences
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WHY TO BECOME A CHARTERED ACCOUNTANT Early or late‚ everyone has to start his vocational life. Its an important event of life because then after an entirely new world starts – THE WORLD OF WORK. Many courses are available for simple and common vocations which do not require any special skill. Anyone can do them. But …………. TO BE DIFFERENT IS TO BE RENOWNED……… So if one really wants to do something challenging and diversified‚ then Chartered Accountancy is the most dignified profession. A MISCONCEPTION
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