the legal ethical and technological conerns paper

1083 Words Mar 31st, 2014 5 Pages
CRAM Exclusive
Essay Sample
 Grand Canyon University: BUS 340 03/28/2014 The Legal, Ethical, and Technological Concerns Paper For as long as businesses have existed, so has accounting. With time, it has become more complicated and detailed, but it is still a process of keeping financial accounts in order. Through accounting, or financial reporting, a system is set up to keep track of, maintain and audit the financial proceedings. Because accounting and financial

middle of document…

Cleary, ethical issues are the most important and extremely sensitive concerns within the accounting and financial reporting of a business. While there are many more concerns pertaining to ethics, these are some of the most important ones.

Second concern that is of huge importance is technological concern for the accounting and financial reporting. Security within the computerized program is limited and if the database system is poorly protected, it will leave room for unauthorized personnel to access the financial information that could potentially result in devastating results and loss of potential projects. Furthermore, the constant changing technology and necessary training are also of a big concern. “Computerized accounting system may become outdated over time. The functionality of an older system is limited compared to updated software”, (Frost, Small Business, March 28, 2014). Because of this, companies are always exposed to more costs and the cost of training of their employees. And lastly, one big concern that companies risk when ti comes to technological concerns, is entering the information into the system incorrectly thus further causes confusing on all of the financial reports by the generated system. Without a doubt, extreme caution is necessary when working with the technology systems and constant updates and training.

The third concern of the accounting and financial
CRAM Exclusive
Pear51789King

Related Documents

  • Ethical and Legal Obligations Paper

    in an honest and ethical manner in connection with their service to that particular company. The principles of integrity and accountability are the cornerstone of that companies' success. This code of business conduct and ethics sets basic principles to guide all employees, officers, and directors of that particular company. All of the personnel and directors of that business should conduct themselves accordingly to avoid in fact and the appearance of improper behavior. Ethical business conduct

    Words: 896 - Pages: 4
  • Legal, Cultural, and Ethical Challenges Paper

    Legal, Cultural, and Ethical Challenges Paper University of Phoenix MGT/448 Jamal B Ibrahim February 07, 2011 Legal, Cultural, and Ethical Challenges Paper As the United States economy waxes and wanes, commerce in the workplace changes to create new ideas for more and better sales. Global outreach for company expansion has taken the new economic conditions by storm for the consumer and American corporations. Company core values are built on the foundation of ones ideas and broadcast

    Words: 885 - Pages: 4
  • Legal and Ethical Essay

    Legal and Ethical Issue The growth and development of internet use has influenced considerable innovations globally. More than a few organizations rely on internet use to operate and to enhance their productivity among other aspects. However, organizational planning in most organizations has recognized that malicious attacks, threats, and vulnerabilities are the major factors affecting organizations. Over the years, Amazon organization has been leading in terms of online business for many

    Words: 3690 - Pages: 15
  • Essay on Technological and Ethical Concerns of Cloning

    acid (DNA) and the understanding of its structure by Watson and Crick, the possibilities of cloning and even altering DNA become reality. Most notably, the successful cloning of a sheep, popularly known as Dolly, poses questions of what constitutes ethical standards of genetic alteration and copying. Stem cell research, which aims to fulfill purposes such as organ replacement without need of immunosuppressants, also becomes debatable with advancing technology. Known as Moore’s law, technology doubles

    Words: 2411 - Pages: 10
  • Essay on Ethical and Legal Issues in Nursing

    ETHICAL AND LEGAL ISSUES OF Nursing Many confusing factors make it a task to establish, monitor and sustain ethical and legal issues in nursing. Everyone has various personal views based on experiences of life, religion, education and political affiliations, all nurses should be aware about nursing laws and ethics and understand how nursing legal issues can affect them. The American Nurses Association (ANA) Code of Ethics is very influential to nurses because it is used as a framework for making

    Words: 943 - Pages: 4
  • Essay on KaZaA is Ethical and Legal

    KaZaA is Ethical and Legal INTRODUCTION The Internet is undoubtedly one of the greatest innovations of the past hundred years. The Internet provides a means for people all over the world to share information readily and rapidly. Like all technological innovations, the Internet has provided a better means for information to be exchanged. The down side of this is that the Internet can be used to transmit illegal information more easily. KaZaA is an Australian company that offers a means

    Words: 2793 - Pages: 12
  • Essay about Legal & Ethical Issues for It Practitioners

    Legal and Ethical Issues for IT Practitioners Brandy L. Spinks Business 670 Dr. Stephens December 20, 2010 Legal and Ethical Issues for IT Practitioners For ages thinkers have written hundreds of books in an effort to understand, explain, categorize, and label moral, immoral, an amoral human behavior and the rationales behind our actions. Yet, there still is not a universally accepted way of analyzing ethical situations (Hatcher & Aragon, 2000) and ethical issues are not a favored topic

    Words: 2530 - Pages: 11
  • Essay Legal & Ethical Environment of Business

    Legal & Ethical Environment of Business DATE: 2/4/2013 Week 1 Assignment PART 1: Follow the link below, read the article and analyze the practice of “dumping” dangerous drugs overseas. Can an American company be penalized for marketing a product deemed unsafe by the U.S., if it is not also banned by the foreign

    Words: 1013 - Pages: 5
  • Legal, Ethical and Professional Issues Essay

    Legal, Ethical and Professional Issues Ethical Dilemma Within healthcare, practitioners often have to make difficult decisions regarding the care of their patients. This could be to do with giving or withdrawing treatment, or as simple as sharing risk information (Glover, 1997). Ultimately, the practitioner must be able to rationalise any decision they have made (Morrison, 2009). With this in mind, the following assignment will draw upon an ethical dilemma and explore how theoretical perspectives

    Words: 3448 - Pages: 14
  • Essay on Ethical Duties of Legal Counsel

    Ethical Duties of Legal Counsel The U.S. criminal justice system is considered to be an adversarial system consisting of two sides, the prosecution and defense. It is believed that both sides enter the trial on equal grounds and present evidence to represent and help support their case. However, throughout the proceedings both the prosecution and defense have two very different ethical roles, responsibilities and duties, which tends to cast doubt on both sides remaining equal. The defense’s

    Words: 1111 - Pages: 5