Ethics in Accounting and Corporate Accounting Scandals Research Paper

Ethics in Accounting and Corporate Accounting Scandals - Research Paper Example The suggested course of action by the companies is also recommended in order to prevent unethical practices that lead to corporate scandals and eventual bankruptcy of the organizations. Introduction The accounting practices are based on the Generally Accepted Accounting Principles. Apart from the rule base practices, the importance of principle based practices have emerged in the field of accounting. This is due to the corporate scandals that have occurred over the years. These corporate scandals establish a link with the unethical practices in accounting. In different countries, the accounting practices are guided by different laws like the tax law in Germany, accounting law in Sweden, company law in USA, etc. The unethical practices in accounting have not only resulted into bankruptcy of the companies but also eroded the wealth of the investors. International Financial Reporting Standards, Sarbanes-Oxley Act have been implemented in order to prevent the unethical accounting practic es and subsequent corporate scandals. ... The accountability is much greater as compared to the compensation received for their role in accounting domain. The most important part of accounting is the code of ethics that is to be followed as a professional in this field. This leads to the concept of ethics in accounting (Duska, Duska and  Ragatz, 2011). Accounting ethics is a part of applied ethics which relates to the moral values and judgments that are applied in the role of accounting. The concept of accounting ethics was first introduced by Luca Pacioli, an Italian mathematician which was later endorsed by the government departments and even the private organizations. The training modules conducted by the companies while training the accountants and auditors include accounting ethics as an integral part. The wide range of accounting services and the news on the fall of big corporate houses like Enron have triggered an importance of following code of ethics in accounting field. Due to fraudulent accounting practices, mal -intention on the part of accountants, auditors and the management, the profession of accountants and the subjects of accounting have been badly criticized. Also the losses incurred by the companies due to unethical practices in accounting field have blown out of proportions (McPhail and  Walters, 2009). In order to avoid the similar devaluation of companies and bankruptcy in future, the institutions irrespective of government and private entities have stressed on the importance of accounting ethics and proper implementation of ethical practices by their accounting departments. The lack of ethical accounting leads to fraudulent accounting practices in the companies which may be due to manipulated or

Do Computers Increase Or Decrease Social Connection Essay

Do Computers Increase Or Decrease Social Connection - Essay Example The information communication technologies have helped in shaping the thoughts and actions in ways that affected the lives of people directly. The discovery of voice over internet protocol has made it possible to make internet calls effectively. The society has learnt to view new machines, not as mere products to be purchased, but facilitators of a larger system. This is determined by how usable the machines are in meeting the expectations of the society. The meaning attached to machines or technological innovations has to make life easier for them to be relevant to the mainstream society. Historians argue that new machines are not necessarily coercive agents that force people into social changes. However, in the recent past, the innovations in the information communication technology have had a coercive effect in the social aspect of communication. A compelling example in the impact of social media in the presidential complains in the United States of America. The social media have played a significant role in the success of the Arab spring. The strength of connectivity that has come from the latest information technologies cannot be underestimated2. Computers are viewed as agents of office efficiency. However, it is argued that computers have been known to cause eye problems, back disorders and time wastage in case of software failure. According to the American manufacturing association, of the organizations that reduced staff due to computerization, 24 per cent suffered losses while 43 per cent raised profits3. Through technology, people can study degree programs and attend classes in a virtual atmosphere. A lecturer can teach a class of people with is in different parts of the globe. However, online learning cannot... This paper approves that technology means different things to different social groups. The owners of the supercomputers are estimated to be in different social levels with the owners of desktop computers. The owners of supercomputers are perceived to be established and engaged in high level technological operations. There are characteristics that determine the likability of technology or computing. The more they are adopted, the more they develop their usefulness. This is mostly manifested in the network technologies. The selling point of technologies must be the ease to adopt and the relevance in the immediate usage. There has been an observation that after people adopts a technology, they develop with it. They upgrade as the technology upgrades, and it becomes hard to switch them to another technology. This report makes a conclusion that media ideologies about one medium affect the media ideologies about the other media. Face book and tweeter have had a substantial effect in the way different groups communicate. The social media users are able to send messages and share information in real time. Recent developments have seen the social media empowered to facilitate video calls. It is not clear whether social media is an official method of communication. However, the weight of the messages passed on social media depends on the groups involved and the intended message. Small changes in technology can end up changing the ways in which people circulate information. Technology is rapidly tilting towards improved connectivity. Smartphone is now a means of communication and internetworking. Most scholars talk about new forms of emerging connection technologies, which have been built upon the existing technologies.