Report on Implications of Ethics in Accounting
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Added on 2020-06-05
Report on Implications of Ethics in Accounting
Added on 2020-06-05
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Ethics in Accounting
TABLE OF CONTENTSCHAPTER: 1 INTRODUCTION....................................................................................................3Background.............................................................................................................................3Significance of study..............................................................................................................3Rational...................................................................................................................................3Research Aims and Objectives...............................................................................................4Research Questions................................................................................................................4Dissertation Structure.............................................................................................................5CHAPTER 2: LITERATURE REVIEW.........................................................................................1CHAPTER: 3 RESEARCH METHODOLOGY.............................................................................4Research Approaches.............................................................................................................4Research Philosophy..............................................................................................................4Research Design.....................................................................................................................4Data-collection.......................................................................................................................4Ethical consideration..............................................................................................................5Reliability and validity...........................................................................................................5Research limitations...............................................................................................................5CHAPTER: 4 DATA ANALYSIS..................................................................................................7CHAPTER: 5 RECOMMENDATION..........................................................................................15CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
CHAPTER: 1 INTRODUCTIONTopic of the research:Study on changing process of the accounting concepts in currentscenario and necessities of implicating ethics in financial disclosure.BackgroundTo execute operations in the business as well as have the proper decision making toolswhich will help in enhancing the growth of business will be fruitful with the ethics and moralvalues are implemented in it. In the present report there has been discussion based on implicationof the ethics in accounting and the helpfulness in terms of determining the goals and objectives.The research will have critical evaluation over the implication of ethic and the usefulness of suchoperations. There will be analysis of data which determines the usage of accounting ethic and thedisclosure of financial data set will be helpful in attaining the objectives of business. Therefore,the importance of Morden approaches and different ways of reporting methods will help the firmin terms of enhancing the profitability as well as productivity. The research will be helpful interms of analysing the effective reforms in the current scenario as well as the use of suchfinancial techniques in terms of making the most appropriate business operations.Significance of studyThe significance of making the study is that there has been changes in the currentscenario with respect to the business operations. Therefore, in relation with increasingcompetition most of the organisation has mainly focused over presenting the reports whichdescribes the profitability and they are paying less attention over improving the profitability offirm (Gong, 2017). This research will help managers in terms of analysing the usefulness ofethics and morale in the accounting disclosure. Thus, the changes in operations will help inmaking proper accounting disclosures.RationalThe rational behind presenting such reports is to highlight the usefulness and importanceof accounting ethics in the daily business operations. Thus, this research will help in fetching theinformations about such factors which are affecting accounting performance of business.What: There are the several issues which are being faced by accounting professionals inthese regards which are relevant with the non profitable growth and the unfavourable capital
gathering by the organisation. Thus, in this context the investors have negative image of businessin their mind and thus it affects the capital structure of business. Why: The reason behind such issues is that people are not aware with the Mordentechniques of presenting the financial disclosures as well as they do not follow the ethics andmanner to prepare such data set. These issues arise due to use of traditional methods and the poormanagement within the organisation.How: The research will help in resolving such issues and present the innovative waysthat will help professionals in gaining the proper knowledge and informations which are relevantwith making disclosure of financials. There can be use of various techniques and businessoperations which will be fruitful for the managers in terms of motivating workforce as well asincreasing the level of outputs.Research Aims and ObjectivesTo make fruitful research over the current accounting methods and techniques which arebeing utilised by organisation to make the adequate improvements in the knowledge and revenuegeneration by the firm there will be requirements of analysing the fruitfulness of such researches.Hence, there will be certain Aims and Objectives on which the research took place such as:Aims: “To create the awareness towards ethics and moral in accounting techniques aswell as introduce society with the modern techniques”.Objectives:To determine the ethical issues and requirements of the stakeholders.To identify the value of ethic and moral in accounting techniques.To determine the role of accounting professionals in terms of making financialdisclosures.To present the modern ways on which professionals will make accounting disclosure.Research QuestionsWhat are the ethical issues and the requirements of stakeholders?What are the values of ethics and morale in accounting techniques?What are the role of accounting professionals in terms of making financial disclosure?What are the modern ways on which professionals will make accounting disclosure?
Dissertation StructureThe research will be based on 5 chapters such as:Chapter: 1 IntroductionThere will be introduction to the issue of the ethical barriers in the accounting techniquesand process of presenting the fruitful disclosure of the financials. It includes the rational andsignificance of the research with the various research questions. Therefore, with the help of suchtools the business will become able to make the adequate increment in the operationalChapter: 2 Literature reviewThere will be critical analysis over the current accounting techniques and the loopholes inthe operations of such methods (Franklin, 2017). There will be discussion based on the use dovarious new and innovative techniques of accounting operations. This critical analysis will helpin gaining the informations which are relevant with the Morden techniques and the benefits ofsuch research.Chapter: 3 Research methodologyThere will be discussion based on the research types, designs and adequate analysis of theoperations of the business that will be helpful in analysing the methodology of the research. Itwill also determine the qualitative advantage of the research and the actions which are going tobe made by researchers in this segmentation.Chapter: 4 Data analysisThis technique is helpful for the business in terms of analysing the current marketstructure as well as make the adequate assumptions over the preferences of the accountingprofessionals. In these regards there will be analysis based on the various data analysistechniques.Chapter: 5 ConclusionThis chapter will help the managers and the accounting professionals in terms oh havingthe adequate advice and suggestions over the use of modern techniques of analysing the financialdata set. Therefore, with the help of such suggestions the professionals will make decisionswhich are relevant with the use of such operational activities.
CHAPTER 2: LITERATURE REVIEWAccording to (Gerstein and Friedman, 2017), accounting is the job or responsibility of anindividual towards the organisation and the users of such data set to present accurate details andoutcomes. In order to perform such responsibilities there is need to make proper changes in thebusiness operations. An auditor or accountant in the firm are responsible for having the properrecords of all the transactions, measuring them as well as analysing the outcomes to plan for thefuture operations (Roberts, 2016). They are responsible to present the most favourable detailswhich are theoretical and practical accurate and fettuccine enough over which they will have thefruitful investments plans. (Ferrentino and et.al., 2016), stated that, there will be use influence ofethics in the duties performed by them. Therefore, it can be analysed as per the duties performedby them. They are required to make record of all the transactions such as cash inflows, outflows,revenue generation, production, purchase ans sales as well as various operational expenditures(Brands and Lange, 2016). Thus, after having the proper record of all the transaction there isneed of making the accurate auditing of such accounts and the revenue of expenses made duringthe period.There are the several ethics and rules which are to be taught to Accountant, auditors andrelevant accounting professionals in accordance with the (Ahmad and Ahmed, 2017), theetiquettes are to be taught in adequate manner which will describe the proper presentation of allthe accounts (Sorensen, Miller and Cabe, 2017). These professionals are liable to make theproper allocation of all the capital resources as well as seek the requirements of funds for thebusiness operations. Therefore, with the help of such techniques the business will be beneficial interms of making the proper analysis of all the resources. The presentation of the financial database will be beneficial for firm in terms of attracting the stakeholder to make investments andanalyse the growth of company (Jing, 2017). The disclosure of income statement, financialposition, cash flow statement and the statement for changes in equity helps the users to analysethe growth, profitability and efficiency of business. In accordance with (Mehta and Moonat,2017), the income statements reflect the revenue generated by firm over the period withconsideration of all the operational gains and expenses. Therefore, with the help of such analysisthe business will be beneficial in terms of making the proper record of all the transactions(Arfaoui and et.al., 2016).1
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