A budgetary slack is a premeditated allowance for excess spending as overstated expenses or understated income (Stevens 1). Atkins and Granger make liberal use of this budget-making technique when making sales and expense projections. Budgetary slacks alleviate the effects of deviations if they occur. A more shifty use of the technique is to make it easier for managers to achieve targets, especially where sales performance results in bonuses and appraisals (Stevens 1). In the case of Atkins and Granger, altered projections can result in less motivation to achieve more in their areas of responsibility as they can alter the figures to give the impression that they are performing beyond the projections. On another note, if the two staff can alter the financial figures at will, then there is a serious risk of the pair falsifying account figures to serve selfish interests (Stevens 1). The Institute of Management Accountants (IMA) requires its members behave ethically, and in ways that are responsible, honest, fair, and objective (IMA 1). IMA categorically opposes the use of confidential information for unethical and illegal motives. Overall, management accountants should cultivate restraint in situations that pose conflicting interests. IMA also requires that management accountants evade activities such as the budgetary slack that may jeopardize efficient execution of some activities. A budgetary slack presents ample opportunities for information asymmetry (Stevens 1).
This essay "Ethics Challenge and Communicating in Practice" represents a brief summary of the main budgetary principles and issues in accounting. Adverse budgetary issues pose serious and endemic challenges to organizations concerned…
According to the paper leaders that promote fidelity in nursing create working environments characterised by ethical principles, supportive to the staff, and upholds the ethics of care. Practising ethical practices, values and principles lead to moral decision making and action that are the prominent constituents of moral leadership. Nursing ethics are not a set rules or principles.
They evaluate the company not only on the basis of financial performance and position but also in these parameters. In order to analyse and observe the significance of cultural as well as ethical contingencies related to leadership, BP Plc has been considered.
What Part Does Ethics Play In Food Marketing?
Ethics can be defined as well-founded standards of prescribing what human beings ought to do in terms of rights, benefits to the society, fairness, obligation and specific virtues. Standards of ethics may include virtues of honesty, loyalty and compassion.
Effective business communication can be perceived as a passage of information that is free of barriers. The two authors argued that the communication process is often very complex, with success depending on such factors as nature of the message communicated, the audience’s interpretation of it, and the environment in which it is received (Guffey & Almonte, 2008).
Furthermore, the mastery of these rules ascertains that success is more likely to happen by incorporating the safety of the patients without losing the human element of caring. After all, in the nursing field, focus is as much about the nurturing act, as much as it is about administering different treatments, including but not limited to drugs, for the improvement of a person’s health and well-being.
As a result, a nurse leader has to be well established to deal with the range of challenges, from adjustment as a leader, to enforcing management, and ensuring the staffs they lead effectively accomplish their roles in nursing. It is not an easy task as those who desire it think; rather it requires discipline and integrated efforts to determine the success of the organization.
As a women and children case manager, I address three core areas of the community healthcare, namely: clinical care, case management, and outreach. I consider that supportive nursing leadership plays a critical role for the successful introduction and implementation of advanced nursing roles within healthcare settings.
External sources of data are represented by industry reports or when comparing with performance of other companies their annual report presents a valuable source of information.
Quality of data is very important and if the data quality is poor then the quality of
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