Running head: ETHICS IN ACCOUNTING Organizational Ethics in Accounting: A Comparison of Utilitarianism and Christian Deontological Principles Katherine Y. Masten A Senior Thesis submitted in partial fulfillment of the requirements for graduation in the Honors Program Liberty University Spring 2012 1 ETHICS IN ACCOUNTING Acceptance of Senior Honors Thesis This Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the Honors Program of Liberty University
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accountants as information keepers and produce financial reports to stakeholders face major ethical challenges such as misrepresenting or misstatements in financial statements etc. However‚ accountants are required to behave ethically and professionally by providing clear‚ accurate information. In other words‚ true and fair statements are to be provided by accountants. Enron‚ Tyco international‚ are examples of accounting scandal. There’re some reason that cause those ethical issues arise which is due
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role accounting and financial information plays for a business and for its stakeholders. I. THE ROLE OF ACCOUNTING INFORMATION A. Financial information is the HEARTBEAT OF COMPETITIVE BUSINESS MANAGEMENT. 1. You have to know something about accounting if you want to understand business. 2. You need to learn basic accounting terms and understand basics of how accounts are kept. 3. To run a business effectively you need to be able to read‚ understand‚ and analyze accounting reports
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There were many major changes in my life since graduating from high school. First‚ going to college was one of the major changes that I could remember. I was one of the seven children in my family and the very first one to start college. I remembered my very first time attended college without any guidance from anyone in my family or relatives. I had no clue what college would be like when I stepped foot on campus. People I knew then kept telling me “you are a man now; you’re on your own”.
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Accounting Career Essay Kawanza Carey Everest Online University Strategies for Success 221 Accounting Career Essay Most people think accounting is just crunching numbers all day; everyone uses some form of accounting. There is much more to accounting than just crunching numbers. There are many types of accountants‚ covering a wide range of the business world‚ becoming an accountant opens a wide range of career opportunities. I want to become an accountant because it’s something that I’m familiar
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1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: • • • Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions of a business The reporting of results Providing financial information as a basis for decision making 3 main processes define the accounting process: 1. IDENTIFYING: Selecting evidence of economic / financial activity (transactions) 2. RECORDING transactions to provide a permanent
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Accounting Ethics Accounting ethics is primarily a field of professional ethics‚ the study of moral values and judgements which are applied to the accountancy. “Accounting ethics can be defined as a set of distinct guidelines for a business to maintain clean balance sheets‚ accounting for their profits‚ losses and expenses incurred and prevent it from mishandling financial reports and statements” (Buzzle 2011). The nature of the work carried out by accountants and auditors requires a high level
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Development of Accounting Theory Based on Islamic Principles and Accounting Standards Setting Mechanism Shaukat Amer Assistant Professor COMSAT Institute of Information Technology Attock Pakistan Shaukat_amer@comsats.edu.pk Abstract The purpose of this paper to explore the possibility to look for a new accounting theory and accounting standards setting mechanism under some of Islamic principles.The paper has discussed basic Islamic principles of “Amanah” (Custody)‚ “Shahadat” (Testimony)
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the ends are worth the means taken to procure the safety. For president Andrew Jackson‚ the country was nearly his family. His devotion‚ though admirable‚ does not fully qualify him to be considered good in the eyes of future generations. The death tolls and the financial panic he is responsible for have led to this downfall in legacy‚ as well as his moral standings well know at the time of his reign. President Jackson was ruthless. He came from a military background and
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Andrew Jackson‚ The "Sharp Knife" When we look back into history‚ we are now able to fully comprehend the atrocities the Indians faced at the hands of the historic general and President‚ Andrew Jackson. It can be seen as one of the most shameful and unjust series of political actions taken by an American government. However‚ as an American living almost 200 years later‚ it is crucial to look at the motives possessed by Andrew Jackson‚ and ask whether he fully comprehended the repercussions
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