This website uses cookies to ensure you have the best experience. Learn more

Ethic Essay

842 words - 4 pages

Table of Content

Abstract i
Table of Content 1
1. Introduction 2
1.1 Background 2
1.2 Purpose 2
1.3 Method 2

1 The Role and Responsibility (CFO-Accounting Major) 4
2.4 CFO’s Dilemma and Responsibility 4
2.5 CFO as a Whistleblower 4

2 Unethical Conduct and Analyses 6
3.6 Misrepresent Product 6
3.7 Bribe Officials of Foreign Government 6
3.8 Mislead Audit Committee 6
3.9 Ignore Important Internal Keys 7

3 Conclusion 9
Reference List 10

Ethical Issues in Accounting
By: Ernest ...view middle of the document...

Consequences view morally right act is one that produce good outcome, or the end justifies the mean. One of the theories of consequence is utilitarianism. Utilitarianism is about greatest good for the greatest number. In utilitarianism, if the benefit exceeds the cost, then it is ethical. Studies by Nathaniel Leff (1964) and Samuel Huntington (1968) conclude that bribery can reduce delay and provide incentive for official. If we apply this principle, then small payment to speed up progress will be an ethical thing to do because we can gain more benefit than if we do otherwise.

3.1 Consistency
Consistency is about .Deontological, small payment to speed up progress will always be unethical, regardless of any potential good that might arise from it.

3.2 Care

3.3 Character & Culture

3. Second Decision: Medium payment to seek contract approval
4.4 Consequences

4.5 Consistency
4.6 Care
4.7 Character & Culture

4. Third Decision: Ignore Internal Control
5.8 Consequences
5.9 Consistency
5.10 Care
5.11 Character & Culture

5. CFO Role and Responsibilities
5.1 CFO Roles
CFO or Chief Financial Officer is an executive who direct all financial aspects of the business which consist of keeping accounting records, designing accounting systems and procedures, financial forecasting, and using funds. However, in recent years, this role is expanded into more proactive role in company future, participating in decision making (Fabozi et al, 2008, p6). Because of this role expansion, CFO then has to consider compliance, risk management and performance evaluation in making decision, which often created conflict with the best choice of action company can make. Some...

Other assignments on Ethic

Social Media And Children Essay

283 words - 2 pages lee cooper ------------------------------------------------- Detroit, Michigan ------------------------------------------------- To obtain a Position to strengthen my work ethic skills, experiences and learn responsibility as a young independent adult. Skills Communtication * Can transfer messages from sender to receiver well * Provide professional and friendly assistance * Make eye contact, speak well, and show appropriate

Assess The Contribution Of Functionalism To Our Understanding Of Soicety

551 words - 3 pages the most important functions of social institutions is the creation of value consensus – which is agreement around shared values. Parsons argued that commitment to common values is the basis for order in society. Two of the most important shared values include a belief in the work ethic and a belief in meritocracy. Parsons argued these were both vital to modern society because a work ethic ensures people value working rather than lazing about

Engl 100

319 words - 2 pages “patriot” committed to repulsing the occupying the forces of Nazi Germany. Therefore, this national-popular image took a different twist, in the rhetoric of anti-colonist and third world struggles aimed against the western nations themselves. 4.What are some examples of “social groups” that resist? Resistance to the capitalist and capitalism by the industrial working class, women’s resistance to patriarchy; ethic minority resistance to white


334 words - 2 pages about a change you recommended which improved service or operational efficiency in your Hotel. 9. In your experience, what is the key to developing a good team? (Look for how they build mutual trust, respect, and cooperation.) 10. Can you provide an experience in which your ability to actively find ways to help people improved your company or your own work ethic. 11. What is the method you have found effective for keeping guest rooms


332 words - 2 pages CH. 7 * Hire for Personality * 5 Traits: Genuine Personal Warmth - kindness Empathetic Skill – understanding others pain Optimistic, Upbeat Attitude - contagious Team Orientation – vital; everyone puts effort into company Conscientiousness – responsibility, work ethic, diligence, and attention to get details right * Keep Bar High – “Nine Minute Mile” Hire well equipped employees no “9 min milers” b/c that will drive your good

Project Management

317 words - 2 pages afraid to give up any power they thought they had,they did nothing. They operated in a culture with no policies and procedures, or consequences for not following a directives. According to Collins (2001) in his book Good to Great, “all companies have a culture, some companies have discipline, but few have a culture of discipline (pg. 31). This staff lacked personal accountability, work ethic and dismissed the company values. Good


326 words - 2 pages great attention to detail. Describe your work ethic and how has it made you productive in the past? Tell me about a time when you had to make an unpopular decision. How would you describe your ability to get along with others? Do you prefer quality or quantity? Describe your most significant accomplishment. Why was it significant? What motivates you? What demotivates you? What is the most complex function you have used in Excel? What is your favorite command on Excel? My Questions


283 words - 2 pages Objective :A part- or full-time position, with a highly skilled and professional management. Determined employee with strong people skills, enthusiastic yet persistent work ethic and will provide excellent customer service. Areas of Strength | * Powerful communication skills, able to establish immediate trust and confidence. * Highly professional and effective employee * Persistent, patient, and sensitive to customer’s needs and

Ford Pinto Case

344 words - 2 pages average for repair cost of $700 per car involved in an accident. Moreover, it assumed that there would be 2100 burned vehicles, 180 serious burn injuries and 180 burn deaths. And when they made some math, the cost was calculated to be $137 million, which are much greater than the $49.5 million benefit. Furthermore, Ford chose to pay for possible lawsuits instead of repairing the Ford Pinto. If Ford had the right business ethic and moral integrity

Csr Environment

2358 words - 10 pages /ethicalconsumer_tea_jan2014.pdf) These behaviors would be accepted by publics and ethic consumers. A higher social status, thereby, would be obtained by Uniliver. This made a mutual-benefit between Uniliver(enjoying a high reputation in the world) and its stakeholders(tea workers). There is another concept called “sustainable development” which has become popular. In the words of World Business Council for sustainable Development (1987, p.8),  sustainable


406 words - 2 pages compensations and injuries, pains or lives of customers. Therefore, to solve this problem, Ford should do something before choosing the last decision such as examining customer’s references or combining the right and ethic of care to ensure success in business as well as satisfaction of their customers.

Similar Documents

Ethic Essay

645 words - 3 pages 1 Virtue Theory, Utilitarianism, and Deontological Ethics. Judith Glowinski ETH/316 - 4/16/2013 MARY CARTER 2 When comparing the similarities and differences between virtue theory, utilitarianism, and deontology we find that they all deal with how one judge’s morality and ethics. These theories all include judging in different aspects, whether it is in the moment, what happens after, or over a lifetime. The ethics and

Ethic Essay

2428 words - 10 pages Introduction to Options Markets Chap 9 Options, Futures, and Other Derivatives, 8th Edition, John C. Hull 2011 1 Review of Option Types • A call is an option to buy • A put is an option to sell • A European option can be exercised only at the end of its life • An American option can be exercised at any time 2 Derivatives - Options  Give the holder the right to buy or sell the underlying at a certain date for a certain price

A New Work Ethic Essay

1992 words - 8 pages Running head: A NEW WORK ETHIC 1 A New Work Ethic? Strayer University Business Ethics – BUS 309 October 25, 2010 A NEW WORK ETHIC 2 1. Describe how typical the attitudes that Sheehy reports appear to be in work environments you have experienced. With the new generation of workers, in particular recent college graduates the attitudes of the Sheehy reports are neither unusual nor unprecedented. This generation

Ethic In Counseling Essay

4546 words - 19 pages Abstract It is the purpose of this paper to address the topic of ethics in group counseling. This author will define what group ethics is according to the psychological organizations such as the American Counseling Association (ACA), and the Association of Specialist in Group Work (ASGW). This author will also address what the American Association of Christian Counselor (AACC) has to say about the ethical standards for Christian Counseling. To