StudentShare solutions
Triangle menu

Management Accounting - Essay Example

Not dowloaded yet

Extract of sample
Management Accounting

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. ...
This is selfish on her part, since she does not care about the other departments and their financial needs, which is unethical (Harding, 2010 p55). Having understood the financial situation facing the city, she is supposed to be concerned about the other departments, thus avoid inflating her budget, to ensure that all the departments will be reasonably funded. This would make it possible to equitably and rationally distribute the low revenue that the city has collected to all the departments, based on the priorities and the urgent needs of such departments. Therefore, Paxton’s intentions and move towards inflating her annual budget for the coming year is unethical, since she does not consider how her decision will affect others negatively (Rhodes, 1986 p20). Despite having other viable alternatives, she opts on the one that will cause harm to others, which is wrong. However, the move taken by Paxton is justifiable, since it is taken with the best interest of her job. This is beneficial to her, to the organization and even to the communities that are served by the waste collection department. While deciding to inflate her budget figures, she has put into consideration the fact that the wastes to be collected might increase, which would increase the costs of collection. In so doing, she has the interest of the community in her mind, since she would not want to fail the society through a failure to collect all the wastes that are generated, including the additional gallons (Harding, 2010 p50). Therefore, her consideration is justified, and thus her move is ethical. Additionally, Paxton has considered that the requirements for department would increase, for example through a requirement to have more labor ...Show more

Summary

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)…
Author : fswift
Management Accounting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Management Accounting"
with a personal 20% discount.
Grab the best paper

Related Essays

Management accounting
……………………………………………...6 References…………………………………………………………………………………………7 Introduction British Airways plc (BA) is one of the largest airlines worldwide and is considered as the national carrier of the United Kingdom based on its large fleet, international flights and destinations.
6 pages (1500 words) Essay
Management Accounting --
This contingency management depends on the manager’s personal leadership style. It also relies upon the talent and behaviours of the regular employees. The contingency theory is a line of thinking that there is no one ideal way of leadership. It also contends that certain leadership styles may be effective in some situations, but not so in others.
3 pages (750 words) Essay
Management accounting
Since the director’s of companies cannot execute their company’s strategies on their own, they have to rely on people and thus create an organization structure that allows decentralization of management responsibilities. According to Hoskin & Macve (1990, pg.
6 pages (1500 words) Essay
Management Accounting
Management accounting emphasizes on decision making and forward looking instead of the old or historical data which the basic accounting used to emphasize. There are different methods that have emerged because of management accounting and some of these techniques are; Activity Based Costing (ABC), Grenzplankostenrechnung (GPK), Resource Consumption Accounting (RCA), etc.
4 pages (1000 words) Essay
MANAGEMENT ACCOUNTING
This paper contains an introduction to the topic of discussion, literature review, a research methodology that was used to collect data, a section for analyzing the data, and a last section for conclusion. Table of Contents 1 1.0 Introduction 3 2.0 Literature review 4 2.1 Accounting 4 2.2 Management control/ accounting systems 5 2.3 Management accounting and decision-making 6 3.0 Research methodology 7 4.0 Analysis 8 4.1 Supporting arguments for Johnson and Kaplan’s (1987) argument 8 4.1 Arguments against the criticism issued by Johnson and Kaplan 9 5.0 Conclusion 11 References 12 1.0 Introduction The field of management has witnessed numerous transformations that are mainly attributed to
10 pages (2500 words) Essay
Management Accounting
Management accounting is a branch of accounting which mainly deals with various managerial aspects. This is primarily handled by the managers within the organization, and it is an essential component in taking appropriate decisions. The concept of management accounting comes under the Management accountant who is responsible for the preparation of financial statements, and management accounting report for appropriate decision making.
4 pages (1000 words) Essay
Management Accounting
"The process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources.
8 pages (2000 words) Essay
Management Accounting
This report aims to develop a blueprint for the implementation of management accounting system for the company according to its specific needs,
6 pages (1500 words) Essay
Management accounting
Strategy is mainly depended upon the mission, vision and values of the organization and the goal of BSC is to map the strategy and measure the strategy accordingly.
4 pages (1000 words) Essay
Management accounting
They play different roles in the process of satisfying the needs of the stakeholders of a particular organization. This essay attempts to provide a clear understanding regarding the differences that exist between the management
4 pages (1000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation