the products that are supplied are of a certain quality. By doing this it will help a business to flourish as consumers are more likely to buy a product because the business has made it to a certain standard. Another key aspect of Kantian ethics is doing something because of one’s duty, not because they have been influenced by others. For example, if a business man gave a customer the correct change he should be doing it out of duty as it is morally right, not out of selfish reasons because it will make him and his business look impressive; this would make his doing morally wrong.
It is also a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and outcomes of such actions. The three sources of professional ethics and values I am going to discuss, are professional integrity, academic integrity, and personal values. Professional integrity is often used in business settings to describe the manner in which employees should act or conduct themselves. Professional integrity is demonstrating practical ethics and professional responsibilities within the work environment. Professional integrity involves being an ethical person.
Reporting Practices and Ethics Christy Breaux HCS/405 Wilfred Dourrieu No matter it is a nonprofit or for-profit company, financial management is difficult, but using the next four elements of the financial management organizes the company easier. With these four elements the correct accounting principles can be disclosing the financial status. The financial management team is responsible to be precise, up to date, and incorporate financial report principles by the mission statement and code of ethics of the company. A company responsibility and needs the honesty to reveal the correct financial status the public or any of its shareholders. Monetary problems may occur if the report has
This is a legal but unethical issue. From this we can conclude that compliance ethics expects only the bare minimum, and to be a more ethical organisation, value ethics should be emphasized. Weaver and Trevino (1999) also believe that value ethics would have more of an impact and last longer in the organisation. Next is how formal culture systems promote ethics. Formal ethical systems consist of factors such as leadership, code of ethics, reward systems, orientation, and training programs.
* Trust will be a strong value that will be unacceptable if not used. A well rounded company is embodied by well built standards and procedures. With a strong base of standards our company discourages undesirable conduct. Placing a code of conduct into our company allows a business to improve their ethical standards by screening for unethical employees. A code of conduct is a one of the major key factors in keeping a business in good ethical standing.
Virtues ethics can be used to determine the right and wrong of an action. Moral virtues are based on the means of courage, generosity, mildness, and moderation. Action more beneficial to a group is known as utilitarianism. Sometimes this has been shortened to the slogan “the greatest good for the greatest number” or simply put,
Ethical standards are the code of conduct required by the organization for workers to follow. The relationship between organizational culture and ethics is that the organizational culture guides workers when faced with ethical problems. If the organization culture counters what they are required to do ethically, workers may put the organization in jeopardy by not act ethically. When a worker is faced with a decision that others within the organization think as appropriate, though it is unethical, the worker may follow what is acceptable as per the culture. It is the relationship between organizational culture and ethics that can get businesses into significant trouble in the long term.
The inability to look past the right choice to the most beneficial one, the obligation to right versus wrong, and the idea of equality in the workplace may result in problems in the workplace for a person who holds these values within the obligation category. With this said, it is certainly valuable to know the individual ethical style and perspective held when entering a business atmosphere. This would allow for easier transition of ethical dilemmas into issues that can be accepted by everyone involved. This, in turn, would provide a better atmosphere for the company, the employees, and ultimately the
INTRODUCTION At times we may wonder what is meant by ethics, why accountants need ethics in their business life or even how they are related. As we may know, definitions of ethics vary with time but in most cases it is defined” With these definitions we can understand that basically ethics is knowing what is right (Mitchell 2009). Ethics in accounting and finance a global concern today (Onyebuchi, 2011). However, the accounting and finance sector has over the past years developed a culture of ethical misconduct (Gianneti & Yue Wang, 2014). According to Anup & Chadha (2005), Ethical misconducts often lead to corporate scandals that come with serious consequences e.g.
For utilitarian school of thought, an individual strives to do the most good, even at the expense of the minority. Utilitarianism and Kantianism find the basis of their differences in the idea that the ends justify the means. Utilitarian beliefs support this idea while Kantian philosophy rejects this. Modern ethics were devised from these two basic ethical beliefs in an attempt to combine the best aspects. Generally, the morally “right” action benefits the majority while affecting the fewest amount in a negative way.