FIND AN ARTICLE OF RELEVANCE TO CONTEMPORARY "CORPORATE FINANCIAL" ISSUES FROM VARIOUS BUSINESS PUBLICATIONS (DAILY NEWSPAPERS, WEEKLY OR MONTHLY BUSINESS MAGAZINES, FINANCIAL WEB SITES, ETC) AND FINANCE ACADEMIC JOURNALS. AFTER READING THE ARTICLE YOU CHOOSE, YOU NEED TO BRIEFLY SUMMARIZE THE ARTICLE AND DEVELOP YOUR OPINION(S)/ARGUMENT(S) /CRITIQUE(S) ON THE ISSUE REVEALED IN THE ARTICLE IN YOUR WORDS. THE ISSUES SHOULD BE RELATED TO FINANCIAL MANAGEMENT OF BUSINESS.
Swamy, M. R. K. (2009). Financial Management Call For New Approach To Ethical-Based Financial Statement Analysis. Journal of Financial Management & Analysis, 22(2), 70-84.
Swamy (2009) provides that businesses have not been conducting financial transactions ethically whereby the business environment is characterized by moral bankruptcy and this has resulted in financial problems caused by business failures and insolvencies. The author of the article questions whether business success is solely dependent on profit and also questions the means in which profit is generated. The article provides that businesses are heavily focused on profit generation to an extent that they forgo ethical and human values which are essential in financial management.
According to Swamy (2009), organizations are engaging in fraudulent transactions such as currency trafficking and manipulating and falsifying financial accounts and this has led to numerous business failures. Problems in financial management are exhibited in poor corporate governance whereby financial statements do not give an accurate position of a business. Inaccurate ...
A corporate finance relevance is examined.