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Connecting to the Core
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Accounting
One of the core areas of business that is increasingly devoting attention to ethics is accounting. Your accounting book may have even discussed ethics as a key concept of accounting. Ethics is a key concept for accounting because the goal of accounting is to provide useful information to decision makers. If information is to be useful, it must be trusted; the information can be trusted only when accountants are ethical. To encourage ethical behavior on the part of accountants, many texts remind future business leaders of the impact their preparation of financial statements can have. For instance, misleading information could lead to the wrongful closing of a plant with consequent harm to workers, consumers, and suppliers.

Source: J. J. Larson, K. D. Wild, and B. Chiappetta, Principles of Financial Accounting, 17th ed. (New York: McGraw-Hill, 2005), pp. 8–9.








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