Management Accounting Essay example
Undergraduate
Essay
Finance & Accounting
Pages 4 (1004 words)
Download 0
Name: Course: Date: Ethical dilemma facing Ann Paxton Ethical dilemmas are part of human life. Under circumstances where an individual is dealing with a situation that he/she is not the only determinant, compromising situations are inevitable (Harding, 2010 p52)…

Introduction

Nevertheless, the most significant factor that influences her decision making in this situation is her desire to be promoted from the department, which she refers as a stinking. Secondly, the fear of under-budgeting, which will have the impacts of causing financial crisis for the department in the coming year, also affects the way she is going to deliver the budgeted amount. Anticipated future rise in costs is yet another factor that she has to consider in her decision making regarding the budget she is going to submit, since the costs may rise out of the anticipated new expenditures. Finally, the financial situation of the city affects her decision making, since the revenues collected by the city were down, meaning the possibility of the city cutting down the budgets presented, thus reducing the amounts given to Paxton, as the manager of the waste disposal firm. The analysis of the ethical dilemma under this case presents various ethical issues. First, Paxton is working towards satisfying herself interests, which is highly unethical (Rhodes, 1986 p11). She has the personal interest of being promoted from the department, which she does not appear like. Therefore, she wants to impress her employer by ensuring that she funds the operations of the department to the very best, at the expense of the financial situation that the city is facing. ...
Download paper
Not exactly what you need?

Related papers

Management Accounting
Available at: . Anderson, DR, Sweeny, DJ, Williams, TA & Martin, RK 2007, An introduction to management science: Quantitative approaches to decision making, 12th edn, Cengage Learning. This book is quite helpful in the field of management accounting and the quantitative perspectives in decision making. The book has a great deal…
Management Accounting --
Fred Fiedler was the person who first came up with contingency management. In terms of implementing a new management accounting system or technique, contingency management must be taken into account because the business organisation may need to adapt its business operations depending what issues or challenges that come up. A business manager can use contingency management to listen to the…
management accounting
17), management invented modern business. Early forms of management accounting integrated both decision-making and analysis, going beyond financial and operational performance data. Chandler stated that before managerial, there was no equivalent of the modem multi-unit organization as there was nothing remotely like the divisional Wed corporation (Chandler 1977, pg.18). Chandler states that the…
management accounting
However, with the right tools information and skills, a company is guaranteed to stay afloat in a world where businesses keep dropping out of the corporate world. How companies manage their finances and workforce dictates whether the company is bound to open its doors come the next financial year. One of the major concerns in management is the management of accounts which is usually handled a…
MANAGEMENT ACCOUNTING
external and internal factors. These factors have redefined how management practices or functions are performed across business organizations. In the writings by Burgstahler et al. (2007), they stated that the transformations have largely affected the decision making process since there is a change in the management structure, which has integrated new roles as well as position holders. In…
Management accounting
The decisions also help in reducing cost that a company incurs in day to day activities. The second one is by assisting the management in controlling and directing the operations of the company. A company that has well organised activities achieves efficient use of resources, (Chandler, 1977). The third one is that the information motivates employees and managers to achieve the targets set. The…
management accounting
This is because it is used to refer to a variety of issues in an economy. For example, a free market economy is used to refer to a market whereby there isn’t any government regulation (Atrill and Mclaney, 2012). In other circumstances, a free market economy refers to a market where by the prices of goods and services are controlled by the laws of supply and demand. A free market economy can also…