Ethical Issues in Job Automation and Regulatory Impacts on External Reporting

Accounting and Finance
Management

Table of Contents
INTRODUCTION.................................................................................................................................3
PART 1..................................................................................................................................................3
Q1: Identification and evaluation of main ethical issues related with job automation.......................3
(b): Norms, principles and values related with job automation..........................................................4
(c): Determine two company that are impacted by job automation....................................................4
(d): Identification of stakeholder in chosen company those are impacted through automation..........5
PART 2..................................................................................................................................................6
(a): Discussion of the various regulatory impacts on external reporting............................................6
(b): Answer of questions through using consolidate financial report.................................................6
(c): Ratios calculation........................................................................................................................8

INTRODUCTION
Accounting is one of the effective tools of any business enterprises. They uses this as
primary tools to record all those financial transactions that are being done during an
accounting period of time. This project report is related with two parts, one is related with
research analysis about various impacts of job automation and norms, principles or values to
all those issues related automation. The other part of this report is providing financial report
analysis of virgin Australia group and their regulatory aspects. With the use of consolidated
financial report of the company certain questions is be resolved to determine their current
position in the market.
PART 1
Q1: Identification and evaluation of main ethical issues related with job automation
Job automation is said to be an effective technique or system of operating or
managing through highly automated means by using electronic devices, eliminating human
involvement to minimum level. Basically, it is automatic control process which is use by
Virgin Company for operating their necessary equipments such as machinery, switching on
electronic devices and aircraft or their application. There are certain aspects that are related
with virgin overall business profitability. There are certain ethical issues which are related
with the company. These can create certain implication in accordance to overall performance
of an organisation. Some of them are mentioned underneath:
 Privacy regulation: The main ethical issues found in job automation are privacy of
data. Because of minimum control the chances of hampering privacy can get affected.
 Formulating liability framework: It is necessary to design all debt related
obligations in systematic manner so that they would not make maximum impacts on
financial stability on Virgin Company.
 Safety regulations: There are certain crucial regulations which are related with safety
measures are needed to be followed in ethical manner.
 Scrutiny of machine learning: It is necessary to make proper selection of people that
are having ability to handle their valuable machine use by virgin company in their
daily business operations.