Essay on Bus 560 Business Ethics
BUS560 Module 2: Organizational Ethics
Check Your Understanding
1. Consider the functional departments reviewed in chapter 3. Which department do you think faces the greatest number of ethical challenges? Why?
It would seem that the finance or bookkeeping department of any company faces the greatest number of ethical challenges because the opportunity to manipulate the accounting and misrepresent or otherwise take money from the company is ‘ever-present.’ However, there are opportunities for unethical behavior in all areas of a business – and in all businesses in the economy.
2. Provide three examples of unethical behavior that you have observed at the company you work or (or worked …show more content…
4. What are “Creative bookkeeping techniques”? Provide three examples.
‘Creative bookkeeping techniques’ are practices which take unlawful and unethical licenses with the maintenance and reporting of factual financial data. Any adjustment of financial data to manipulate the perception of a company’s value or worth is intentionally dishonest. The end result is inflated figures or making companies appear to have less capital in order to avoid taxation (for example).
As bookkeeping continues to rely more heavily upon technology, it has become easier to engage in “creative bookkeeping,” however technology also has significant safeguards these unethical practices. There are workarounds to these systems requiring bookkeepers to be ever more ‘creative’ if he or she wishes to craft a misleading picture of a company’s finances.
Three examples of creative bookkeeping include: