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Ethics in Accounting
John Doe
FIN 324
Ohio State University
John Doe
July 10, 2004
Ethics in Accounting
Ethics are not merely something, which is comprised of a person belief or thoughts, but
that of what is best for an organization or company. Ethical decisions in business are
handled everyday, and most organizations have some sort of established code of conduct to
help guide management to make the correct decision. Ethical decisions are not always easy
and may require some thought as to the reactions or impact of a decision. There are already
established laws regarding employment, accounting, and regulatory rules when it comes to
conducting business.
Laws are not always designed to make an ethical decision, but they may promote ethical
behavior. According to the Answers.com, many organizations are implementing a code of
ethics is to provide guidance to employers and employees in ethical dilemmas, especially
those that are particularly ambiguous (Answers.com). In addition to the creation of codes,
many governments require special licensure. This is meant to protect the general public
from unscrupulous individuals. Furthermore, professional organizations may each have
their own set of codes that members are expected to adhere to.
According to the text, many institutions have been struggling on how to incorporate ethics
into accounting programs. What was developed was a series of modules that could be
easily incorporated into existing programs. Recently the Association to Advance
CollegiateSchools of Business International (AACSB) has reemphasized the importance of
teaching ethics to business students (Mantzke, 2005).
The struggle to determine what is ethics also is a barrier for educators to overcome. This is
