The Code Of Ethics And Systematic Ethics - 985 Words

Abstract. The article reviewed was The Impact of Ethical Tools on Aggressiveness in Financial Reporting. The key of the abstract is to demonstrate the differences in financial reporting between the International Financial Reporting Standards (IFRS) and U.S. Standards (p.477). More in depth the research focuses on the code of ethics and moral duties of company top management. Introduction. The authors study the financial scandals and the recent financial crisis to demonstrate the gap between market processes and accounting standards. The IFRS and U.S. GAAP differ in contrary nature of accounting standards. GAAP is considered as rule-based standards, while IFRS viewed as a principle-based. Therefore, the professional judgment on financial improprieties is highly important (p. 479). The main objective of the research is to specify the impact of ethical setting on judgment and decisions of accountants. The code of ethics and systematic ethics trainings can diminish the inconsistencies from accounting policies. The study is important due its analysis of mechanisms and alternatives of decision-making, and the influence of code of ethics on chief officers’ strategic choices (pp. 484-485). The authors focuses on the problem: how accounting standards contribute to the professional judgment, company financial performance, and earning management. The authors discuss issues that arise because of the unethical financial reporting. Literature Review. The systematic review of literatureShow MoreRelatedEthics : Ethical And Ethical Dilemmas1473 Words   |  6 Pages Ethics Help the Helper in Ethical Dilemmas Fred L. Slack University of the Rockies Abstract In ethical decision-making, there is an established way to address resolving ethical dilemmas systematically and following established decision-making steps to resolve ethical dilemmas effectively. Applied established ethical-decision making steps along with an understanding of established ethical codes is essential Here we will comprehensively discuss how a professional wouldRead MoreCode of ethics serves as the moral compass that directs and guides the integrity, values, and1500 Words   |  6 PagesCode of ethics serves as the moral compass that directs and guides the integrity, values, and beliefs of an organization. A code of ethics clarifies to employees what the company stands for and its expectations for employee conduct (Daft, 2013). A well-written code is a true commitment to responsible business practices in that it outlines specific procedures to handle ethical failures. Within the research enterprise, the code of ethics ensures that research projects involving human subjects areRead MoreEthical Decision Making : Ethics982 Words   |  4 Pagesselecting an ethical dilemma case from our text Corey, Corey, Callanan, (2011), I will discuss how to apply systematic steps toward the resolution of the dilemma. While the case is under review the steps that I would take in making an ethical decision will be explained. Also, how to include the client in making the decision will be studied. I will look at what ways is accounting for the APA Ethics Code important for decision-making. In closing, the importance of each basic moral principle involved in theRead MoreFinancial Reporting Between The International Financial Index Standards ( Ifrs ) And U.s. Standards890 Words   |  4 Pagesthe code of ethics and moral duties of the company top management. The researchers studied the financial scandals and the recent financial crisis to demonstrate the gap between the market processes and accounting standards. The IFRS and U.S. GAAP differ in a contrary natu re of accounting standards. GAAP is considered as rule-based standards, while IFRS viewed as a principle-based. Therefore, the professional judgment on financial improprieties is highly important (p. 479). Moreover, the code of ethicsRead MoreOrganizational Ethics934 Words   |  4 PagesWeek Three Managerial Ethics †¢ Identify typical ethical problems of managers. †¢ Recognize differences in ethical behavior and responsibility between an employee and a manager. Course Assignments 4. Readings †¢ Read Ch. 6 7 of Managing Business Ethics. †¢ Read this week’s Electronic Reserve Readings. 5. Learning Team Instructions †¢ Begin preparing for the Ethics in the Workplace Case Study Action Plan Presentation due in Week Five by reading one of the following case studiesRead MoreStandards For Financial Decision Making926 Words   |  4 Pagesmodel behavior by guardians of business. Literature Review. The authors use a systematic review of literature in the research. The literature review is categorized into three parts: general principles of decision-making, the role of guardian and conservator in decision-making, the relationships between fiduciary duties and financial decision-making. The researchers analyze NGA standards, court standards, code of ethics for guardians, accreditation standards, and state standards through the studyRead MoreScience Is The Pursuit And Application Of Knowledge971 Words   |  4 PagesWe all know that science is all of these. But, what is science? According to the Science Council (http://www.sciencecouncil.org), â€Å"Science is the pursuit and application of knowledge and understanding of the natural and social world following a systematic methodology based on evidence.† This website further states: Scientific methodology includes the following: †¢ Objective observation: Measurement and data (possibly although not necessarily using mathematics as a tool) †¢ Evidence †¢ Experiment and/orRead MoreEthics Code Of Professional Ethics980 Words   |  4 Pagesdemonstrates the importance of AICPA’ â€Å"Code of Professional Ethics† and its components, and the influence of management perceptions on firms’ ethical environment (p. 919). Introduction. The authors study business ethics, compliance with ethics code, ethical issues, and ethical behavior of company management. The researchers concern with ethical believes of company employees and executives, and growing number of legal proceedings due to ethical issues. The ethics code help professionals maintaining independenceRead MoreCode Of Ethics : Code Ethics1334 Words   |  6 PagesRunning head: CODE OF ETHICS 1 CODE OF ETHICS 5 Code of Ethics Hieu Le Columbia Southern University Code of ethics is the most essential aspect of the society that organizations and individuals need to fulfill and apply this aspect in their workplaces and families in order to achieveRead MoreCode of Ethics - Nursing1475 Words   |  6 Pagespsychological care, but also to critique and reflect on the standard of health care practices. For the nurses to do this, they must understand ethics and ways in which to utilize this knowledge in a constructive and systematic way. In doing so, they are able to deliver the care required by the profession and also expected by the society. The importance of the code of ethics for registered nurses guarantees that nurses are accountable for their actions, ethical problem are dealt with in a most appropriate