Ethics in Business

What Is an "Ethical Issue" in Financial Accounting? Ethics in accounting are concerned with how to make good and moral choices in regard to the preparation, presentation and disclosure of financial information. During the 1990s and 2000s, a series of financial reporting scandals brought this issue into the forefront. Knowing some of the issues presented in accounting ethics can help you ensure that you are considering some of the implications for the actions that you take with your own business.   Fraudulent Financial Reporting Most accounting scandals over the last two decades have centered on fraudulent financial reporting. Fraudulent financial reporting is the misstatement of the financial statements by company management. Usually, this is carried out with the intent of misleading investors and maintaining the company's share price. While the effects of misleading financial reporting may boost the company's stock price in the short-term, there are...

ETHICS IN MARKETING Ethics are a collection of principles of right conduct that shape the decisions people or organizations make. Practicing ethics in marketing means deliberately applying standards of fairness, or moral rights and wrongs, to marketing decision making, behavior, and practice in the organization.   In 2015, the Washington Ethics Resource Center stated that within the past year, almost half of us witnessed some form of ethical misconduct in the workplace. Some of the most common unethical behaviors include misuse of time, lying to employees, employee theft, and violating internet policies.               That last one is a big problem for corporations who coined the term Cyber slackers to brand us workers who surf the internet during office hours. Corporations have yet to find a practical way to tackle the multi-billion dollar problem of workers who would rather be surfin...

Ethics in H.R.M. Human resource management deals with manpower planning and development related activities in an organization. Arguably it is that branch of management where Ethics really matter, since it concerns human issues specially those of compensation, development, industrial relations and health and safety issues.     Ethical issues faced in H.R. are: 1. Employment Issues 2. Cash and Incentive Plans 3. Employees Discrimination 4. Performance Appraisal 5. Privacy 6. Safety and Health 7. Restructuring and Layoffs Jet Airways Case ( Job Safety and Unemployment) 'Joy of flying'  I  I Jet Airways shut down its operations on 17th April 2019. The shutting down of the company affected their 20,000 employees and more than 70,000 to 75,000 people indirectly. Jet Airways was second largest airline by passengers till January 2019 in the domestic market and was also flying more passengers than national carrier Air India to overseas de...