Introduction
Ethical dilemma in accounting consequently depicts some of the professional ethical aspects that face an accountant in the decision making process. This includes the various conflicting aspects that face the accountants in the process of whistle blowing. This includes the aspects of deciding of the tight issues such as adequately fulfilling a duty to shareholders and various conflicts of interest in the accounting processes. Hence it keenly illustrates the implicit of understanding an accountant’s role to act as an independent neutral point in one’s professional tasks.
The problem is definitely an ethical view of making rational ideas in the accounting profession and deliver equal service to all the parties concerned. The problem is found in an accounting environment in which accountants and auditors are in the context of handling the various issues related to the making of true and accurate records. They also enhance in the process of advising the various business institutions on how effectively they can make profits and deliver quality services to their clients.
The situation brings in the various examples such as a chief financial officer in a particular institution and one is needed to provide relevant information in relation to the company performance process and the attainment of the long run goals. Hence these situations are required to be followed to the letter in the context of trying to elevate the institutions to the national standards.
Examples of the options that are presented to an accountant are various to test one’s ethical views in relation to the various issues that are crucial and need not be given out in the profession. An example is an auditor keeping secrets to the company ways of management and decisions decided to help enhance the company maintain the lead and secrets kept away from their competitors.
In the context of the affected people mostly individuals such as oneself as a person are the most affected by the fact that the ethical issues pose challenges to one’s integrity in the profession. This relates to the process of delivering the technical competence in the accounting profession. Hence as an individual one has to follow the objectives and the facts of accounting rules in the profession. Hence ethical issues are supposed mostly to be inculcated in the various companies, to help them to effectively discharge the duties and meet the accounting standards. This ensures that company achieves profits in the longer overview. Hence when ethical accounting rules are inculcated in the management of a company the true reflection of records will be post in the public domain.
Based on a decision framework ethical and rational ideas is going to be the basis for my decision. This is in keen reflection of ethical virtues in the accounting profession. In the consent of Consequentialism the results for the rational decision that I am going to make will make sure that ethics are followed up to the letter in the delivering of duties in the accounting profession.
In the context of the rational ethnical accounting decisions that are made, to the above companies and the specific individuals that inculcated in the process will definitely benefit in the context that will help uphold ethics in the accounting profession. Hence they would be affected positively in the longer run. This is because all the accounting guidelines will be effectively is followed to the letter.
In the context of deontology duty and the relevant obligations that the individuals are called upon to do, it will effectively help me to serve each category of the individuals effectively. This includes clients and the company as an accountant. In the context of the priority of the conflicting duties, I would have to be in the neutral position to deliver services to all fairly. In the virtue of ethics, I would put myself in the position where I value by profession first and uphold the ethics in the profession to ensure that the services are relevant and satisfy all.
The fundamental principles in play of the accounting profession are to do fair work. This is relation to delivering the up to date financial records of a company which helps to record the true view of the particular events in the economy. However despite the transparency needed, the norms of ethics are being challenged in the context that various forces do arise in the context of delivering the true audited financial records of the company and others need to challenge the accountant to deliver the company secrets.
The personal values of fairness and technical competence in my profession are the personal values that are being affected. This to a larger view, challenges me in the delivering of the required ethics in the accounting profession. In this view, would not do the things that I do not believe in. and in addition I must uphold ethics in something that I feel must be addressed.
In the context of the view of my decision, I prefer an accounting profession based on ethics and true reflection of records needed in the financial documents. In this view, I would be in a position to be committed to my effective decision that I rationally made.
This in the longer run will enable me to never mistake temptation for opportunity in the accounting in the decision making procedure. This will effectively enable me to make rational decisions in the professional accomplishment of the duties in the accounting tasks.
In the general view of my decisions, I definitely learn that ethical decisions in the accounting professional are highly uphold and provision of explanations on the various epics of the profession. In this context of fair view of the profession, fair feedbacks will be provided to every stakeholder that needs to be updated in the context of financial records of the various institutions. Hence where there were previous mistakes in the records will be effectively corrected to avoid similar situations in the future.
