Posted: December 3rd, 2014

Business Ethics Financial Reporting

Business Ethics Financial Reporting

Order Description

Here is a video by Ed Freeman discussing stakeholders and stakeholder theory: http://www.youtube.com/watch?v=bIRUaLcvPe8

In this assignment, you will further the understanding of the ethical issue that you have identified (Please see “Ethical Issue” below). One way of better understanding a business decision or ethical issue is to identify the values of the stakeholders who are involved in the decision.

Reference the “Background” paragraph below about “stakeholders” and “stakeholder theory”.
Once you have identified the stakeholders (a few representatives are fine if you have identified stakeholder groups) see what they think about the issue and decision, put yourself in their position and consider what their views might be based on their values.

Please write a 3-page paper, not including cover page and reference page, explaining who the stakeholders are for this business decision and ethical issue and explaining their views on the issue and decision.

Assignment Expectations
Paper should be double-spaced and in 12-point type size, use headings, separate cover page and a separate reference page.
Proofread your paper before submitting it

BACKGROUND Reading:
The issue of transparency in financial reporting has several facets or dimensions. First of all, there is both a positive and negative aspect. On the positive side are the questions of what to report, to whom to report, and when to report. The negative aspect recognizes deception and outright fraud in reporting practices as well as the issue of insider trading.

The intent of financial reporting is to convey information to a company’s investors and other stakeholders about the company’s financial condition and its past, current, and prospective future operations—at various levels of detail depending on the particular interests of these stakeholders. The obvious standards for the positive side of this task relate to truthfulness and significance in terms of actions that might be taken by these stakeholders as a result of what is reported and when. In the case of publicly held corporations, some of the requirements meet standards that are spelled out in regulations set and enforced by the U.S. Securities Exchange Commission and established by national and international accounting organizations—in the United States, for example, by the American Institute of Certified Public Accountants’ “Generally Accepted Accounting Principles” (GAAP). The Internal Revenue Service requires non-profit organizations with more than $25,000 in annual revenue to file a 990 form reporting financial and related data. Beyond those requirements, the standards regarding reporting what, when, and to whom are largely a matter of custom, stakeholder request, and organizational initiative.

“Ethical Issue”
One single moral problem most leaders face is to report or not report a soldier who is absent from formation. This moral problem is common and occurs on a daily basis. When a soldier is absent from their appointed place of duty, leadership must inform higher command elements. However, some leaders lie for subordinates by reporting the soldier is present or en-route when a soldier’s location is unknown. In this situation the soldier’s absence is referred to as “out of ranks” and poses several issues.

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