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Essay Available:
Pages:
2 pages/≈550 words
Sources:
4 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:

Ethical Issues in Financial Reporting

Essay Instructions:

Here is a video by Ed Freeman discussing stakeholders and stakeholder theory:http://www(dot)youtube(dot)com/watch?v=bIRUaLcvPe8

In this Module 4 SLP assignment, you will further the understanding of the ethical issue that you have identified in Module 3. One way of better understanding a business decision or ethical issue is to identify the values of the stakeholders who are involved in the decision.

You also learned something about “stakeholders” and “stakeholder theory” in the Module 4 Background page.

Once you have identified the stakeholders you may want to interview them (a few representatives are fine if you have identified stakeholder groups) if you can, to see what they think about the issue and decision. Your own views might change once you’ve heard from the stakeholders. If you are not able to interview them, put yourself in their position and consider what their views might be based on their values.

Please write a 2 page paper, not including cover page and reference page, explaining who the stakeholders are for this business decision and ethical issue and explaining their views on the issue and decision.

SLP Assignment Expectations

  • Your paper should be double-spaced and in 12-point type size.
  • Your paper should have a separate cover page and a separate reference page.
  • Proofread your paper before submitting it.
  • Upload your paper by the end of the module.
Essay Sample Content Preview:

Ethical issues in financial reporting
Name:
Institution:
Ethical issues in financial reporting
In any business, stakeholders become important for its functioning and growth. Stakeholders are any group of people who have interest in the running of the business and whose interest should be considered by the managing team of that business. For a business to be successful, it has to create value for its customers, suppliers, employees, community and financiers who may include shareholder or banks. There are different categories that affect different stakeholders. However, their interests are not isolated at any level and have to go together in the same direction. This is because every group is important in the success of the business.
In our case, business financiers are the stakeholders to be discussed. This group of stakeholders help in financing the business operation and may include shareholders of banks. They rely on financial reporting to understand the financial situation of the business they have invested in or are wishing to invest. Financial invest in business to create value and profits that they can earn as a reward for their financing (Jensen, 2001). Therefore, it is important for business manager to have positive aspect in reporting and avoid negative aspect, which includes deception and fraud in reporting or insider trading.
As financial report conveys information on the company’s financial condition in the past, present and in future prospective operations, investors are the group of stakeholders affected by this information. It is through this information that the investor understands if the investment is worth. The positive standards of this reporting involves truthfulness as they contribute to significance actions taken by investors about what has been reported and the time of reporting (Winbladh, 2006). C...
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