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Ethics Article Analysis - Research Paper Example

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They not only help to run business smoothly but also help to ensure that the business is running proper corporate financial reports. And these corporate financial reports then help to analyze the company’s position in…
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Ethics Article Analysis
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"Ethics Article Analysis"

Download file to see previous pages These code of ethics help to ensure that the individuals who control the company’s infrastructure are recognizing their duties when it comes to financial decision making. Moreover these ethics greatly help in helping these individuals to take proper financial decisions in the business. Within a company a code of ethics is developed to which every individual of the company has to abide. However in some situations the code of ethics is not followed by the newer employees and they tend to break the codes. This in turn violates the code of ethics and the financial decisions become distorted. An example can be cited here about the senior financial officers who are already working in the company. These financial officers know that the information of the company should be kept confidential whereas if a new financial officer comes and he is unaware of the fact he might the leak the information out. And because of this leakage the financial decisions now taken would be not that effective. Similarly the code of ethics also mandates it on the employees that they do not use the resources of the company inefficiently. However the company cannot measure all the minute activities of these employees and in order to abide by the code of ethics a company would be forced to involve more finances towards the check and balance of employees. While making financial decisions in compliance with the ethics it is necessary to see that the individuals who are involved do not have any personal or professional relationship with the issue. This can affect the financial decision making as the individuals who would have personal gains would tend to distort important information about the company.
Financial Executives International is a company which abides by the code of ethics. `The company involves these ethics in all the financial processes that it implements. The company strictly follows these code of ethics and makes sure that all the positive cash flow is achieved after ...Download file to see next pagesRead More
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