A Problem in the Field of Finance - Article Example

The accounting professionals consider it routine when they have to tell a lie or rip anyone off from their lives’ earnings. The real estate bubble was created in order to get people to buying lots of homes and lands. In the longer run perspective, these investments were not a set of good choices and those who sold these houses were well aware of their nature but regardless of that they pushed people into the extremely dangerous endeavors. This is not the whole story because banks sold mortgages in England on floating interest rates and when rates moved up then the families have to sell everything they had to their names only in order to go bankrupt.

The business professionals shamelessly argued that “it is just business” but they do not know that they have lost being human during the process of fulfilling their filthy commercial responsibilities. The traditional accounting field became plagued with the presence of irregularities to an extent where financial reports have just become irrelevant for investors and they are making their decisions based on the organizational ability to pay dividends on a regular basis if yes then they deserve the money otherwise investors take their money to some other fruitful opportunity (Leone & Liu, 2010).

The accounting’s basic and fundamental purpose of “creating interest in shareholders” is dying out with the passage of time. Finally, I argue that one should attempt to remain as human as possible due to hardships in this venture. Accounting and financial crimes are unethical in nature and therefore, they have their solution in ethics (Dann & Haddow, 2008). The accounting professionals are supposed to commit themselves to higher standards of human life in order to become good at what they do.

The force of Mother Nature blessed every human with a sense of right and wrong. At the end of the day, evil succumb to good and there is a historical proof of that as well. The result of