Explore BrainMass

Explore BrainMass

    How does ethics affect the financial decision-making process?

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Locate an article regarding ethics considerations in financial management.
    Write an article analysis in which you address the following items:

    > Discuss how ethics affects the financial decision-making process.
    > Explain the ethics considerations involved in financial decision-making outlined in the article.
    > Identify the organization's financial management objectives.
    > Describe how these objectives may have influenced financial reporting decisions described in the article.

    Format your analysis consistent with APA guidelines.

    © BrainMass Inc. brainmass.com March 4, 2021, 11:17 pm ad1c9bdddf

    Solution Preview

    (Based on the article, The Importance of Financial Management Ethics by Todd Pheifer, http://www.associatedcontent.com/article/2343502/the_importance_of_financial_management.html?cat=3)

    Ethics: Effects on the financial decision-making process

    Ethics serves as an outside source of guidance in preparing financial reports. According to Pheifer (2009), without a moral barometer, anything would be possible in the financial spreadsheet. To him, without any sort of moral code or ethical principles, companies are free to do whatever they want.

    This indicates that moral code or ethical principles must serve as control measures and boundaries in coming up with financial decisions.

    Robbins and Coulter (2005) defined Code of Ethics as a formal ...

    Solution Summary

    This solution discusses how ethics serves to guide financial decision-making in 359 words with three references.