Accounting Theory and Practice the Ethical Dimensions

 Accounting Theory and Practice the Moral Dimension Essay

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Accounting Theory and Practice: the Moral Dimension

Meters. Gaffikin

University or college of Wollongong, michael gaffi[email protected] edu. au

This operating paper was originally released as Gaffikin, M, Accounting theory and practice: the ethical dimensions, Accounting Fund Working Daily news 07/04, University of Accounting Finance, University of Wollongong, 2007. This kind of paper is usually posted for Research Online. http://ro.uow.edu.au/accfinwp/2

07/04

University of Wollongong

College of Accounting & Financing

Accounting Theory and Practice: the Honest Dimension

Working Papers Series

Michael Gaffikin

School of Accounting & Finance University of Wollongong Wollongong NSW 2522 Sydney Tel +61 (2) 4221 3718 Fernkopie +61 (2) 4221 4297 eMail [email protected] edu. au www.uow.edu.au/commerce/accy/

Accounting Theory and Practice: the Ethical Dimension Michael Gaffikin It has generally been suggested by some that the expression business integrity is a great oxymoron – it engages contradictory conditions because organization seeks to optimise or perhaps maximise gains from its functions while integrity implies an extremely different basis for business practices. However , although the more cynically minded might seriously sign up to this watch, there has been a really dramatic economic recovery in an involvement in ethical things to consider by organization leaders and professional business organisations partially as a result of the demands of societies which have needed to bear the price of spectacular corporate and business collapses and the unscrupulous business activities of the minority of business practitioners. In fact the topic has become an industry with several books onto it being released, several classes, seminars, training courses and lectures devoted to the subject, numerous designs promulgated and an ever increasing number of comments and discussions in the open public media. People have some interior understanding of what constitutes honest behaviour but when it comes down to defining values this is identified to be extremely problematic since it is shaped by personal, ethnic, societal and professional beliefs all of which are difficult to identify. Some people will certainly stress the value of the society's interests others will tension the hobbies of the autonomous individual. These conflicting viewpoints have completely outclassed discussion of ethics for a long time. The majority are agreed that ethical belief systems emerge from a community – a social or ethnical context or what Blackburn has called " the nearby climate of ideas about how precisely to live” (2001. p 1) Basic Moral Considerations When reviewing the issue of integrity there are some basic moral considerations on which to reflect. They involve wondering the degree to which this affect perceptions to determining what comprises moral conduct and how this kind of impacts on an understanding of integrity: 1 Faith – work command theories 2 Notion 3 Selfishness 4 Admiration 5 Rights 6 Utilitarianism 7 Proper rights 8 Advantage Many persons believe that ethical behaviour can be shaped by simply moral guidelines laid straight down in religions – there is an respected code of instructions approach behave. However , while this sounds well and good, history offers demonstrated that in most religions the determination of theses rules has been subject to considerable issue and even has resulted in procedures which seem, to an exterior observer, to obtain little connection with

Accounting Theory & Practice: the Ethical Dimension, p 2

moral behaviour. For instance , one of the commandments said to be with the base of Christianity is definitely thou shalt not get rid of yet societies throughout background have rationalised this aside in times of battle, the burning of witches and capital punishment generally. Christianity certainly is not by yourself in this! Hinduism is built in regards to caste system which subjects certain groups to what outsiders see while extreme types of prejudice and disadvantage. Islam has a criminal code using what seems to outsiders as...

Recommendations: American Accounting Association (AAA) (1990), Ethics in the Accounting Curriculum – Cases and Readings, Sarasota: AAA. Blackburn, Simon (2001), Ethics: An extremely Short Intro, Oxford: Oxford University Press. CCH Australia Limited (2001), Collapse Incorporated, Sydney: CCH Australia Limited. Cheffers, Meters & Meters Pakaluk (2005), A New Method of Understanding Accounting Ethics, Massachusetts: Allen David Press.

Accounting Theory & Practice: the Ethical Aspect, p 20

Dellaportas, T, K Gibson, R Alagiah, M Hutchinson, P Leung and M Van Homrigh (2005), Ethics, Governance and Accountability, a professional perspective, Queensland: John Wiley & Kids Australia Ltd. Francis, Jere R (1990), " Following Virtue? Accounting as a Meaning Discursive Practice”, Accounting, Auditing and Answerability Journal, versus 3, pp 5 – 17. Gaffikin, M L R and Lindawati (2005), " The Moral Thinking of Public Accountants inside the Development of a Code of Ethics: the situation of Indonesia”, unpublished paper. Habermas, L (1991), The idea of Franche Action, Amount 1, Reason and the Justification of World, Cambridge: Polity Press. Harpham, G G (1999), Dark areas of Values, Durham, USA: Duke University Press. Kuper, A and J Kuper (2003) (eds), The Interpersonal Science Encyclopedia, 2 ed, London: Routledge. Longstaff, S (1995), " Was Socrates an Accountant? ”, paper brought to AAANZ Convention, 11 September 1995. MacIntyre, Alasdair (1984), After Virtue (2 ed), Indiana: School of Notre Dame Press. Parker, L (1987), " A Traditional Analysis of Ethical Pronouncements and argument in the Australian Accounting Profession”, Abacus, versus 23, pp 122 – 40. Puxty, A, P Sikka and H Willmott (1994), " (Re)forming the Circle” Education, Ethics and Accountancy Practices”, Accounting Education, v three or more. pp seventy seven – 80. Puxty, A, P Sikka and L Willmott (1997), " Mediating Interests: The Accountancy Bodies' responses towards the McFarlane Report”, Accounting and Business Analysis, v twenty-seven, pp Reiter, Sara (1997),: The values of attention and fresh paradigms pertaining to accounting practice”, Accounting, Auditing and Answerability Journal, versus 10, pp 299 – 324. Rist, John M (2002), Genuine Ethics, Reconsidering the Fundamentals of Values, Cambridge: Cambridge University Press. Williams, Bernard (1985), Ethics and the Restrictions of Viewpoint, Glasgow: Fontana Press.