Accounting Ethics Writing Exercise One of the learning goals of this course is to “Analyze and Evaluate Ethical Issues within the field of Accounting and the Wider Business World.” In other writings...

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Answered 1 days AfterJun 26, 2021

Answer To: Accounting Ethics Writing Exercise One of the learning goals of this course is to “Analyze and...

Deblina answered on Jun 28 2021
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Title: Ethical Issues in Accounting
Contents
Introduction    3
Ethical Issue    3
Interested Parties    4
Causes    5
Solution    6
Conclusion    6
Introduction
    Ethical issues in accounting have been one
of the major causes that lead to the disruption of the business performance of the organization. An ethical issue arises due to mismanagement in the organization resulting in the business crisis.
In this assignment we shall address such an unethical accounting issue in the field of accounting. Thereafter we shall discuss the parties affected from such incidents, causes of such malfunctions and solutions to prevent those unethical practices.
Ethical Issue
In this paper we shall discuss about the ethical issues in the accounting field. Pressure on the accountant for manipulating accounting figures and omission of data is a serious ethical issue in this field.
In terms of the difficulty faced by the higher officials of the company often puts on pressure on the accountant for creating and manipulating financial statements and accounting figures to put a veil on the difficulties faced by the organization. This induces the accountant to alter financial documents of the company. These activities might result in the organizational downfall when the public body discovers such scandals in the accounting books. Omission of accounting figures also happens to be a part of this unethical activity which puts a bad light about the business organization to the public and the stakeholders.
In this paper I proceed to describe a personal experience in which I encountered such unethical activity in a business organization. The fact refers to an incident of a leading FMCG company which witnessed similar ethical issues in the accounting department. Greed of the higher management officials resulted in the downfall of the aforementioned company. Distortions and effective scandals in accounting books where recorded which uncovered the malpractices that took place in the business organization. Although initially the accountant it was severely dealt for the miss deeds in the accounting books but further investigation revealed the disgraceful pressure of the corrupted management officials which forced the accountant to engage in the malpractices.
This is certainly a serious issue that it serves to be unethical in the field of accounting. Accounting is an important part of the business...
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