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How does ethics affect the financial decision-making process?

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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.

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Solution Summary

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

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ETHICS AND FINANCIAL MANAGEMENT DECISIONS
(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 ...

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Elisa Valdez, PhD
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  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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