Accounting Principles and Ethical Decision-Making in Human Resources

HRMT 485 UNIT 4 INDIVIDUAL PROJECT
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HRMT 485 UNIT 4 INDIVIDUAL PROJECT
Introduction
As the workplace and workforce evolve, Human Resources (HR) must remain aware of and employ accounting principles and ethical decision-making to ensure the organization's success. Accounting principles are fundamental when uncovering financial mismanagement on employee expense reports. Human resources, meanwhile, can utilize the moral judgment to address issues caused by workers' improper use of IT for company purposes. Positive labor relations are crucial to effective strategic management; thus, it is important to employ HR policies and marketing principles to promote diversity and inclusion in the hiring process. Financial mismanagement is a serious issue for any organization, and HR needs to identify it before it becomes a major problem. The accounting principle of auditing is one of the most effective tools for uncovering financial mismanagement in employee expense reports. By carefully examining each expense report, HR can identify any potential discrepancies or irregularities and then use this information to address the issue quickly and responsibly.
Ethical decision-making is also important for HR when it comes to issues regarding employees and information technology. Specifically, when employees need to use technology for business operations appropriately, HR must be able to identify and address the issue quickly and effectively. The best action could involve providing employees with additional training or guidance on using technology or taking disciplinary action if necessary. Finally, HR must ensure that they reflect diversity and inclusion regarding recruiting practices through marketing principles and HR policies. Additionally, they can institute HR policies that prioritize diversity and inclusion, such as offering equal opportunities for all applicants regardless of gender, race, or ethnicity. Overall, it is clear that HR must employ accounting principles, ethical decision-making, and marketing principles combined with HR policies to ensure the success of their organization. Human resources can use these methods to check for financial mismanagement in employee expense reports, help workers with IT issues, and promote equality and diversity in the workplace. Human resources have the potential to improve workplace relations and aid in strategic planning.
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Examining and confirming the truthfulness of a company's financial records is a fundamental component of the auditing concept in accounting (Halbouni, 2015). The approach can be put into practice in the context of employee expenditure reports by HR in the form of a comprehensive assessment and verification of the expenses claimed by an employee (Halbouni, 2015). It might involve obtaining receipts or other documentation to support the expenses and comparing them to company policies and guidelines to ensure they are legitimate business expenses. Expenses are only valid if they can be proven with appropriate evidence, such as a receipt (Halbouni, 2015). HR can also utilize additional tools and methods, such as:
* Conducting a thorough analysis of the employee's expenditure reports and acco...