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Accounting Ethics and Impact on Business Performance - Term Paper Example
Finance & Accounting
Pages 10 (2510 words)
Accounting ethics are moral values that govern the profession of accounting. They can also be described as judgments that apply in course of undertaking accounting tasks…
This paper seeks to explain the relevance and need to embrace these ethical practices and their impact on the general business performance. Accounting ethics are moral values that govern the profession of accounting. They can also be described as judgments that apply in course of undertaking accounting tasks (Saleemi, 2002). These ethics have become accepted globally by government agencies and companies and help instill some degree of discipline both at organization level as well as employee level. Embracing these ethics cannot be ignored at this time of global economic crisis caused by malicious employees who collude with others and form cartels that have ripped off organizations and government resources leading to complete collapse or closure of once profit-making companies and organizations. Driven by the need to earn profits, an organization should also strive to ensure that shareholders’ interests are met. These interests vary among individual shareholders and as such accounting ethics in an organization are paramount in meeting these. It is with regard of its importance in controlling and monitoring the accounting profession that this paper concurs with adherence to accounting ethics. ...
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