The Importance Of Ethics And Business Sense

Improved Essays
The role of an accountant has variety of different activities. While an accountant has various elements while working the two that priorities out are: ethics and business sense. Having a excellent business sense would help identifying a successful business. As for ethics this is looking at whether a business is behaving in the correct way. Both of these skills would help a future accountant to develop. Business sense would let the accountant to see what a business is doing well and what they could improve. Furthermore the ethical aspect this would let an accountant to accurately suggest how a business could increase their profits, without breaching any rules on the way of doing so. The purpose of this essay is to discuss the importance of ethics …show more content…
The essay addressed several of different ethic areas that could appear within a business and how the matter should be dealt with. The key of being an ethical business is weighing the internal and external activities, which would mean that a company should not overlook one of factors more than the others because they will need to be ethnically inside out to be labelled as a good ethical company. As for the business sense, the company will need to make sure that they follow any regulations while they are operating and making sure that the route that the business is taking is not harming anyone. Therefore, for a future account these two topics will be crucial to be familiar with as they are two of the more important elements. One of accountants jobs are to state any financial improvements that the business could imply to help them. In conclusion, an accountant before stating the improvements the business should make, accountants will need to look at both ethical and business sense sides. This would then help them to conclude whether the initial suggestion is suitable for the business they are working

Related Documents

  • Superior Essays

    Mamet also uses management style, business ethics, and identity to show the elements of a business and employees. Management style will depict how the company will be coordinated. Business ethics will be a parameter for the employees to act when selling the product. Identity can consume the employee to either benefit the company or benefit themselves. If the three concepts work together, the business will be successful and there will be no negative…

    • 1330 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    The organizational behavior influences the ethical behavior of accounting professionals. Bobek, Hageman, and Radtke (2015) studied reasons of potential discrepancies between the leaders and non-leaders of the accounting firms. The firm’s ethical norms directly influence the behavior of its members. The researchers indicated that it is important to identify and understand the factors that affect ethical norms in the organization (p. 125). The firm’s leaders should play a meaningful role in building and supporting the ethical environment.…

    • 1441 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Since companies have duties that go past their partners’ interests, they are also advocates. I believe that, in order to achieve the objectives of the company, the directors should always ensure that the interests of the accounting professional’s perceptions of their particular firm are put into consideration. Since performance appraisals are seemingly linked to the three elements enlisted in my paper future research should investigate if in fact ethical procedures are actually being incorporated into CPA firms evaluating systems, and showing the significance of following such behavior and procedures. Consequently, CPA firms can come up with these findings from such studies throughout the research done to better the specific perceptions of what a strong ethical environment…

    • 976 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Organizations can benefit tremendously from using managerial accounting. By one using this type of accounting one is able to determine how to better improve the overall state of the company. It will help improve long and short term goals, monitor progress, follow trends, and assist with the control of decisions. While all of these are important managers need to assure accounting ethics are being followed to accurately determine the success of the company. Financial and managerial accountings are both ways to track data of an organization and they have similarities and differences.…

    • 822 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    It is true that the auditor-client relationship could make the audit more effective and efficient since the auditor could be having prior knowledge concerning the operations of the company, past transactions, process, personnel and the systems of the company. However, the assessment of the independence of an auditor in most cases lies on the interpretation of the public, so most often than not the audit report is likely to be disputed or lack integrity. It is therefore important for the auditors demonstrate an ethical behavior in dealing with their clients to instill the confidence and integrity of their audit…

    • 769 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Professional business consulting firms help business to improve general performance when they are having problems. After analyzing a business ' management style, practices, technology usage, and other mechanical features that make up a business, a firm will then draw up a report and make recommendations on how the business can improved based on their conclusions. Before making any final decision about which individual or company you are going to go with, there are a few things that you ought to know. When facing specific problems, you should look for a business consulting firm that has experience in those areas. That way you can be sure that they are in a position to analyze your business and make recommendations that will generate the results…

    • 835 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    External Ethical Issues

    • 940 Words
    • 4 Pages

    In this case, I will perform an audit of the payment process to establish if the delays are being deliberately caused by the accounting employees’. I will also seek to establish whether the payment system is up-to-date and meets the required international standards. The utilitarian approach to ethics will be employed together with the virtue approach to ethics. This is to establish which actions will produce the greatest efficiency at the lowest cost. This action also has to be in line with ideals and values of the company.…

    • 940 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    After that, the employee must follow the steps when the manager leading the organization in an ethical manner. Employees need to make good decisions in short time with business ethics as guiding principle. This can increase productivity and overall employee’s moral. When the employee can complete their works in a way that based on honestly and integrity the whole organization get the benefits. Employees who work for corporation that demands a high standard of business ethics more likely to perform their job duties at a higher level and are also more inclined to stay loyal to that…

    • 920 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    It believes that business is proceeding ethically and offering to do the right thing are important for the success of the company. Business Ethics and Compliance is a program that support Starbucks Mission and helps to protect the culture and the reputation so they need to help they partners to make ethical decisions so they provide resources. The program has been improved and distributes materials, including the standards of business conduct; ease legal ethics and compliance training; search for critical issues such as potential struggle of interest; and adding channels for their partners to voice concerns. Partners are supported to report all types of issues or concerns to the program through their choice of the offered communication channels. The majority of reports received by Compliance and business ethics that involve employee relations issues.…

    • 1377 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Balance Scorecard

    • 1213 Words
    • 5 Pages

    In today’s business world, making patrons happy is vital and the success of the organization in fulfilling this component can be tracked with items such as market share, customer satisfaction scores, and customer retention rates. The second leg, financial, tracks the organizational performance in terms of financial data (Yeung, 2014). This is the historical way businesses have traced their success as it includes items such as cash flow, profitability, and return on investments. The internal business process leg shows how optimal the business is functioning and if the goods mesh with the firms mission (Yeung, 2014). For instance, this may include items such as…

    • 1213 Words
    • 5 Pages
    Improved Essays