COPYRIGHT Laws and regulations govern every profession whether they are formally enacted as laws or accepted as conventions‚ thus journalism is no exception‚ there are many minefields through which a media professional must walk‚ in the course of his work‚ and unless he equips himself with a minesweeper to detect the dangerous explosives buried in the ground tto ambush him‚ he is liable to sustain serious injuries. The laws governing journalism‚ have been designed to prevent invasion of individual’s
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The Bible and Accounting Ethics The Bible and accounting have numerous similarities when it comes to ethics. First‚ let us take a look at the definition of ethics; “ethics are the beliefs that distinguish right from wrong. They are accepted standards of good and bad behavior” (Wild‚ p.8). Therefore when comparing the two we are able to distinguish certain verses in the bible‚ with the code of ethics in accounting that are recognized in the accounting industry or any industry at that. There are
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ASSUME YOUR WORK AS AN ACCOUNTANT FOR FEB REALITY CO.‚ A SMALL LAND DEVELOPMENT COMPANY THAT DESPERATELY NEEDS ADDITIONAL FINANCING TO CONTINUE N BUSINESS .THE CEO OF YOUR CO. IS MEETING THE MANAGER OF UIC BANK AT THE END OF THIS MONTH TO TRY OBTAIN A LOAN. THE CEO HAS APPROACHED YOU WITH TWO IDEAS TO IMPROVE THE CO. REPORTED FINANCIAL POSITION. FIRST‚ HE CLAIMS THAT BECAUSE A BIG PART OF THE COMPANY VALUE COMES FROM ITS KNOWLEDGEABLE AND DEDICATED EMPLOYEES‚ YOU SHOULD REPORT THEIR INTELLECTUAL
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Tamira is in a professional dilemma that anyone in her position would find difficulty in knowing how to respond to her boss’s request to have up-to-date financial statements to share with the bank. She knows that there is not enough time to have the financial statements ready by when the president of the company needs them‚ so she follows the principle of conservatism and estimates the totals at a low level so the statements won’t look worse than they actually are. Tamira does not mention when handing
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Ethics‚ Accounting and Business Decisions In the article "Business and Accounting Ethics" written by Dr. K. T. Smith and Dr. L. Murphy Smith‚ the authors affirm the need for ethics and decision-making in accounting due to recent unfavorable business practices. They stress the importance of maintaining and implementing regulations for professional conduct for public and private accountants. In addition‚ they raised question‚ "What is my highest aspiration? The answer might be wealth‚ fame‚ knowledge
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which support their roles in creating and maintaining successful organizations. A key responsibility managers undertake is the ability to manage financials appropriately. "First and foremost‚ financial management is a decision science. Whereas accounting provides decision makers with a rational means by which to budget for and measure a business’s financial performance‚ financial management provides the theory‚ concepts‚ and tools necessary to make better decisions” (Gapenski‚ 2007). For leaders
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Asian Journal of Finance & Accounting ISSN 1946-052X 2009‚ Vol. 1‚ No. 2: E7 www.macrothink.org/ajfa 146 Business Ethics and Accounting Students: Australia‚ South Asia and East Asia Soheila Mirskehary Deakin Business School‚ Faculty of Business & Law‚ Deakin University‚ Australia Tel: 613- 9244 5537 E-mail: soheilam@deakin.edu.au Ali Yaftian (Corresponding author) School of Accounting‚ Victoria University PO Box 14428‚ Melbourne‚ Victoria 8001‚ Australia Tel: 613 9919 5305 E-mail ali
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WK3 Accounting Ethics 1. Evaluate the actions of the parties from the perspective of six pillars of character. The Josephson Institute of Ethics identifies Six Pillars of Character that provide a foundation to guide ethical decision making. These ethical values include trustworthiness‚ respect‚ responsibility‚ fairness‚ caring‚ and citizenship. Cindie knows and feels it is wrong to close up early and be left alone to close up the store. In my opinion Cindie should have not waited two weeks before
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CheckPoint Ethics in the Accounting Profession Dawn Carrera ACC/260 March 15‚ 2013 Peggy January Checkpoint Ethics in the Accounting Profession 13. Is a professional accountant a businessperson pursuing profit or a fiduciary that is to act in the public interest? This is a hard one to answer. Many accountants start off looking to make a living. The question is where do they want to go and what they see themselves doing. An accountant main goal is to a fiduciary that is to act in the
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WorldCom and Accounting Ethics ACC557 Assignment #1 April 29‚ 2013 Dr. Mohammad Rahman Deanna Williams Current business and regulatory environments are more conducive to ethical behavior due to many new laws that have been put into effect in recent years. For many companies‚ especially small ones‚ the checks and balances are not put into place as well as they should be. With new laws in effect and more and more accountants paying attention to their clients’ accounts‚ ethical behavior is on
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