Accounting Ethics In Accounting

Professional disciplines, understanding and upholding ethics is very important in an accounting field. Accountants have to obey the rules and regulations no matter they are from a small, medium or international company. This is because business investor and leaders will consistently rely on the ethical collection and financial information delivered and is sometimes placed at risk if accounting ethics are not preserved. A small business owner, investor or manager, learning the basics of accounting ethics will a good way to avoid legal and financial trouble.

Nowadays, public accounting firms or private companies often develop a code of ethics and integrity standards for their accountants to practice the rules and acts in a consistent manner.

We should avoid ourselves involve in corruption but promoting the rule of law. Every organization will have a code to conduct which defines integrity and every employee has to follow the rules, those who have broken the rules will received the punishment from top management. Directors, employees and stakeholders also should have their own integrity such as they have behave honestly by providing facts, not smokescreens; speak up when it may be risky and challenge any system that encourage dishonesty or rewards unethical behavior. Besides, they also being consistent and clear about ethical standard and expectation and they should be fair to any relations with others. Achieving all this goals and strategies set by senior management, setting up the right work systems and clear procedures are needed. Organization has to provide effective training or mentoring and information to ensure all employees including accountant understand the values of organization employing and role of their jobs. Another crucial factor is the procedures are applied consistently. This requires commitment from employees to apply the procedure and form management to allocate the time and equipment needed. All of this will lead the employees to resolve the ethical problems by

Organization performance alignment is the linking of organization goals and objectives with performance. Most of the company will have the problems aligning and relating strategy and plans with operation, information systems with business processes, the organization with business operation and tangible and intangible assets and so on. This lens focuses on aligning performance to our organization’s finances, processes and systems. A good performance management such as accountant will plan aims to optimize and align subsystems in order to achieve objectives of the