The Code Of Conduct And Values - 956 Words

Ethics is a code of conduct and values that are accepted by society as being right and proper, it is a matter of making choices. For an accountant ethics is complying with all the relevant rules and regulations set by the FASB in the form of generally accepted accounting principles. Generally accepted accounting principles, or GAAP for short, are the accounting rules used to prepare and standardize the reporting of financial statements, such as balance sheets, income statements and cash flow statements, for publicly traded companies and many private companies in the United States. GAAP-based income is measured so that the information provided on financial statements is useful to those making economic decisions about a company, such as potential investors and creditors. Accountants are responsible for the validity of the financial statements they work on, and must perform their duties in accordance with all applicable principles, standards and laws. Ethics in accounting and busi ness details the way in which a corporation represents itself to the world. Accountants representing these corporations have great responsibility to the company’s management, creditors, investors, regulatory bodies and to society. The duty to uphold principles, standards and laws of accounting is owed to the financial markets. The financial climate is driven by the financial reports of the companies they are representing. An accountant who does not uphold his responsibilities can have broadShow MoreRelatedCodes And Principles Of Conduct Based On Values System1093 Words   |  5 Pagesrelate to the rules, codes or principles of conduct based on values system (Becket and Maynard, 2013). Thus ethics can be seen as the practical application of values. Social work additionally identifies emancipatory values as its particular characteristics reflecting the fact that social work has a particular focus on the least powerful groups of society (Becket and Maynard, 2013). The BASW values statement is contained within the Code of Ethics. A portion of the primary values are: respect for humanRead MoreCode Of Conduct, Care Values And Anti Discriminatory Practices1640 Words   |  7 PagesThis essay is about a dilemma of a nurse and a patient in relation to family issues and beliefs that reflects code of conduct, care values and anti - discriminatory practices, including Deontologist’s and Utilitarian’s view. Dilemma; A 12 years old girl is 22weeks pregnant and decides to have an abortion. Her parents are very religious and do not believe in sex before marriage, and would not be happy to know that their 12 years old daughter is pregnant. The girl confides in a nurse who happens toRead MoreSaint Leo University Core Values and Apa Code of Conduct994 Words   |  4 PagesSaint Leo University Core Values and APA Code of Conduct At Saint Leo University we have a Values Statement that contains six basic core values. They are as follows; Excellence, Community, Respect, Personal Development, Responsible Stewardship, and Integrity, each with a definition of what they mean to the university. As with all core values, these are a set of standards we strive to live by. These values all have individual definitions and meanings, some of which can be subjective to mostRead MoreConvergys Code of Business Conduct1397 Words   |  6 PagesCompany Philosophy Vision: Convergys is the leader in relationship management. They provide innovative solutions that drive more value from their clients’ everyday relationships with their customers and employees. Convergys is acknowledged as a world leader that enables organizations everywhere to enhance the value of their relationships through excellent and efficient outsourcing programs. Convergys provides their clients with new perspectives and solutions to their existing and future relationshipsRead MoreCode Of Conduct Review And Suggestions1278 Words   |  6 PagesOlmstead Date: 2/17/2016 Re: Code of Conduct Review and Suggestions In reviewing the code of conduct of Salvation Army, there are many strengths that promote the honesty and integrity of the business. However, there are some weaknesses that as an employee, the Board of Directors could expand and clarify. The policies of Salvation Army, behavior in the workplace, and violations are explicit by definition and support the best interest of the company. Throughout the code, employees, officers and volunteersRead MoreEthics And Code Of Conduct900 Words   |  4 Pagesindividuals develop a code of ethics based on their personal values and beliefs it is important that we always act in a manner that is appropriate to our code of ethics. This paper will talk about what a code of conduct is, my personal code of conduct, Entergy’s code of con duct, and why ethics statement is so important. Code of conduct â€Å"A code of conduct explains an organizationsRead MoreEssay about Review of Caterpillars Code of Ethics1012 Words   |  5 PagesReview of Caterpillars’ Code of Ethics Caterpillar Incorporated (Caterpillar) is the world’s top in manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. In 2008, Caterpillar reported sales revenue of $51.3 billion dollars from domestic and worldwide operations (Caterpillar, 2008). As reported in Caterpillar’s 2008 Annual Report, Caterpillar is a worldwide company with 67% of their sales from outside of the United States (Caterpillar, 2008)Read MoreCode Of Conduct And The Department Of Homeland Security1426 Words   |  6 Pagesequipment. Raytheon Code of Conduct A code of conduct is a tool used by management to implement an organization’s values, duties, and ethical standards. According to the Ethics Resource Center, a code of conduct is a written set of guidelines and a point of reference used to support day-to-day decision making. It clarifies the mission, values and principles of an organization to ensure professional and ethical standards are withheld (Why Have a Code of Conduct, 2009). A code of conduct offers guidanceRead MoreSocial Responsibility And Ethics Of An Organization Essay1265 Words   |  6 Pagesenvironment or donate money to charitable causes. The code of conduct plays a role in social responsibility and ethics preparedness. A code of conduct needs to be establish in any organization. The code of should not be developed out of the human resource or legal department alone, which is too often done. The code of conduct can be express in many different ways. The code of conduct differ from the code of ethics. The code of conduct is set in place to protect the company, its vendors, customersRead MoreA Medical Folk From Promedica Fostoria Community Hospital979 Words   |  4 Pagesfolk from Promedica Fostoria Community Hospital. They work in the surgery department for sterile processing and have been there for over 16 years. The interviewee was asked multiple questions about the professional group they represent, their code of conduct, and their mission as a facility. They answered the questions to the best of their ability and gave much insight about the facility itself and the staff within the hospital. Fostoria Hospitals mission statement is short but meaningful. It is