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2 pages/≈550 words
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APA
Subject:
Business & Marketing
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Coursework
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English (U.S.)
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Topic:

Faith and Ethical Decision Making in the Workplace

Coursework Instructions:

Faith and Ethical Decision Making in the Workplace
GCU’s Statement on the Integration of Faith and Work states, “We recognize and embrace the potential of human work for furthering the greater good and strive to further the good of the culture and the society.” Consider how you might approach the following scenario in a manner that is in accord with the spirit of GCU’s perspective of the integration of faith in one’s workplace.
Scenario:
Tones Company purchased a warehouse in a downtown district where land values are rapidly increasing. Gerald Carter, controller, and Wilma Ankara, financial vice president, are trying to allocate the cost of the purchase between the land and the building. Noting that depreciation can be taken only on the building, Carter favors placing a very high proportion of the cost on the warehouse itself, thus reducing taxable income and income taxes. Ankara, his supervisor, argues that the allocation should recognize the increasing value of the land, regardless of the depreciation potential of the warehouse. Besides, she says, net income is negatively impacted by additional depreciation and will cause the company's stock price to go down. (Based on Concepts for Analysis 10-6 from Intermediate Accounting.)
Write a paper (500‐750 words) that addresses the following:
Recommendation of an ethical decision in the scenario.
Explanation of how the ethical decision supports the good of the culture and the society.
Implications of applying a Christian worldview within the accounting workplace, in general.
The paper may be written in the first person and must be grammatically correct. At least two external sources should be cited.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

Coursework Sample Content Preview:

Faith and Ethical Decision Making in Workplace
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Faith and Ethical Decision Making in Workplace
Ethical decision making is a mandatory element in the accounting workplace. It involves choosing a suitable option among the provided alternatives by considering the ethical principles (Duska et al., 2018). The outcome of the decision should not have signs of ethical violations. Ethical decision making is relevant since it allows the management to focus on qualitative options which positively impact the organizational growth. Besides, ethical decision making is necessary since it reduces any possibility of ethical violations which may jeopardize the organization's image and that of the accountants. Based on Tones Company, an ethical decision is required to sustain the organization's brand image and reduce negative accounting consequences.
Recommendation of an Ethical Decision
Based on the provided scenario, the effective, ethical decision should focus on land value and not the warehouse. It is unethical to raise the cost of the warehouse since it would be short-term and may have many accounting challenges. An ethical decision must be based on trust and fairness (Duska et al., 2018). The two elements should define the specific direction that an organization should take without showing signs of mistrust and at the same time having positive value to the organization. Raising the warehouse's cost can be defined as a poor decision geared towards acquiring more income in a short period without considering other stakeholders, including other societies. There is a need to focus on ethical decisions that should bring a positive image to the image and at the same time to other stakeholders. Therefore, the ethical decision vital for the company is allocation based on the value of land to cater for any advers...
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