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

Ethical Consideration Essay

309 words - 2 pages

1.Delay recording and paying $5,000 in bills owed at the end of the year until the beginning of next year.

Delaying the payment of $5,000 will overstate the net operating income by understating the expenses incurred during this year. Which will affect the Return on Investment during this year. If the expense in not billed then the ROI this year will be (30,800/140,000)= 22% but the expense is deducted from the operating income then the ROI becomes ...view middle of the document...

This will decrease the investment by $3000 which will result in understated investment. So the ROI will become {30,800/(140,000-3,000)}= 22.5% instead of 18.32%.

This will help Ryan to get bonus this year and increase the chance of getting more return on investment from stores next year.
These actions are unethical in accordance to IMA’s Statement of Ethical Professional Practice. The reasons are stated below:
This practice hampers the “Integrity” standard of the professional. The standard states that “ Abtain from engaging in or supporting any activity that might discredit the profession” and also “Credibility” which is ‘Communicate information fairly and objectively’. The scenerio also violates the standard of “Competence” which states that ‘Provide decisions support information and recommendations that are accurate, clear, concise and timely’

What sould Mary do in this situation are the followings:
* Because Ryan is her supervisor and he is involved in the unethical conduct; she should inform this matter to higher authority. She should submit the issue to the management level.
* She can also discuss with the IMA Ethics Counselor for better course of action.

Other assignments on Ethical Consideration

Ethics And Governance Essay

2402 words - 10 pages Introduction An organisation’s ethics determines its reputation. In today’s competitive market, in view of globalisation and technological advances, it is especially essential for organisations to practice ethical business behaviour to build a strong public image to garner the support of consumers and employees. Although practicing good business ethics has many benefits, it remains as a constant challenge for organisations, as the potential for

Us Army Advance Leader Course Essay

351 words - 2 pages principals. Whatever decision I make, I will have to live with. Is accepting SGT Day's suggestion being disloyal to my unit? Am I being disloyal to SFC Sharp? If I was the SFC, how would I want the situation handled? I must also take into consideration that there may be more to the story. Perhaps this is an opportunity for me to instruct SGT Day on proper procedure and help him learn what is the right thing to do. The last Army value is "Courage". Do I have the courage to do what is right even if the SFC and the SGT will disapprove of the decision I have made? Yes. Yes I do. 5. Commit to and implement the best ethical...

Ethics And Morality

523 words - 3 pages ethics, but they are the ones required to make the commitment by studying and following them, therefore becoming a more ethical person. My answer to the quote is, we as people make our own choices concerning our own actions. We are confronted with moral dilemmas that allow us to make those choices. When studying our daily living we show our morality by our chosen actions and our spoken words. We decide whether our decisions are good or will have

Public Affairs

3492 words - 14 pages or ruling population endorses them. CASUIST It compares a current ethical dilemma with examples of similar ethical dilemmas and their outcomes. VIRTUE It states that persons are judged by character rather than actions. That may deviate from his normal behavior it takes ones morals, reputations and motivation into consideration. Having examined the diverse ethical theories it is important to seek the overviews of notable philosophist and

Ethical Considerations

413 words - 2 pages ethical consideration when relating to research conducted into genetic influences on behaviour because psychologists have to consider that not everyone who they want to take part in the experiment, will want to do so themselves. Therefore, they always need to have a back-up plan incase there first ones fails.

How To Ensure Equity In Commercial Exploitation Of Outer Space Resources

869 words - 4 pages that I want to propose in my paper using ethical theories. I believe the ethical consideration is the most important factor to ensure equity of commercial exploitation of celestial resources. Livingston is the founder of a talk radio show called Space Show, which aims at increasing space commerce and developing space tourism. His long experience in the industry should enable him to provide a reliable and reasonable guideline for sustainable

Organizational Issues

817 words - 4 pages consideration. Just like in The Veiled ID simulation IT has to consist other ways for to enforce physically security do to some belief of the employees. With these simulations sometimes you have to go against everything you believe in, but go by everything that is ethical. These simulations showed that the decision you make sometimes will be one you will not usually make. These simulations relate to my former career United States Army. The

Business Ethics Across Cultures

1494 words - 6 pages Chinese culture into consideration. This team should actually be involved in creating a unified set of ethical standards taking all cultures into consideration. It is easy for us to sit back and judge another country as being unethical, while overlooking the fact that we have our own ethical issues. We may not be selling tainted baby formula that leads to deformities and death, but we have companies that sell products they know they should

Developing An Ethical Business Enviroment

3627 words - 15 pages ethical operating environment • The impact of ethical standards as they are used in business operations Through the consideration given to these particular sections of the said matter, the continuous advancement of the report shall be completed as to how it could relate to the actual practice of several business organizations who are actually applying ethical management in creating the policies for their own businesses. The Essence of

Ethics Paper

1198 words - 5 pages defined and all conflicts of interest or legal occurrences must be dealt with in a completely ethical manner. The stakeholder’s have the expectation of transparency from the organization so that their needs are taken into consideration during the course of developing the strategic plan for the organization. The question of what the ethical social responsibility requirements of an organization are can be answered in different ways

Cross Cultural Perspectives

1225 words - 5 pages Cross Cultural Perspectives Most companies and other organizations that have operated primarily in the U.S. have an established code of ethics which they follow in order to ensure that they are conducting business in an ethical and socially responsible manner. American companies that exhibit unethical behavior, such as fraud and labor law violations can be subjected to an outside investigation and subsequent prosecution. In the United

Similar Documents

Business Ethics In Workplace Essay

489 words - 2 pages level of management is under consideration: top, middle, or lower; managers in all areas, and in all functions, face situations where ethical considerations play a big part in the work place. Ethics in workplace is an important subject. The amount of ethics in the work place focuses its attention on affirmative action, discrimination, whistle blowing, comparable worth, and sexual harassment. Harassment is seen as an unwanted gesture, whether

Applying Ethical Essay

976 words - 4 pages Applying Ethical Frameworks Name Institute Applying Ethical Frameworks Yes, I would like to take action regarding the situation. Different ethical frameworks allow me to take action so that the justice could be maintained. I used ethical frameworks so that the justice, equality, utilitarianism and other things could be continued. I would not like to give favor to my colleague who is telling me that I should not take action and keep myself

Ethic Essay

842 words - 4 pages and current law that might be applicable. But in practice, sometimes CFO consideration is in conflict with CEO decision. In this case, it is the responsibilities of CFO to make the right decision based on the above consideration. It is advised that where ethical conflict exists and cannot be resolved internally, the accountant should resign from the company and remain silent on company issues, unless obliged by law to discuss them (Catherine

Code Of Ethics Essay

1474 words - 6 pages ethical education affects social accountability, as lack of transparency towards the society occurs. LINK Overall the NZICA Code of Ethics is expected to be taken into consideration by all members of the organization. “Compliance with the Code of Ethics is mandatory for all members. Members must be able to demonstrate at all times that their actions, behaviour and conduct comply with the Code of Ethics.”(NZICA). This does not mean that