Ethics in Busniess Essay Example | Topics and Well Written Essays - 750 words

Ethics in Busniess - Essay Example For example, in U.S it is necessary for business accountants to implement given rules when conducting their businesses. The American system refers to these rules as the Generally Accepted Accounting Principles (GAAP) when they are involved in reporting the business financials. Therefore, every public company in U.S should follow the set accounting principles and report so that they can accurately release their financial information (Needles & Powers, 2011). Ethical Numerous fraud cases in the contemporary society constitute the moral and legal issues in accounting and financial reporting of businesses. The concerns include changes in the manner that fraudsters execute their operations. Consequently, most systems, which support financial reporting, are vulnerable to fraudulent activities. Therefore, it is necessary that the current accounting reporting adapt measures that would reduce immoral practices. Professionals usually create accounting rules because there are several emerging e thical issues in accounting. A need arises for accountants to follow all the ethical rules to minimize abuse on the profession (Albrecht, 2011). In addition, the issue of creative accounting is a concern to the ethical issues in accounting. This is because some accountants use their knowledge to create false crisis in the present world. These crises cause several damages, for example, misleading economic depiction. Consequently, ethical rules demand that businesses communicate about their respective financial positions. This will eliminate unreliable reports through annual accounting reports (Needles & Powers, 2011). The preparation of true reports is also a concern since some current accountants are immoral. They prepare false reports to the relevant people to benefit. For example, they account for money that was not even spent in their respective firms. Indeed, this allows them to keep the extra funds because no one came tell unless they are as professional as they are (Albrecht, 2011). Legal Presently, there are numerous legal requirements in accounting and financial reporting. This is because of the universal needs to protect both internal and external investors. In addition, several countries ensure that the legislation of their respective countries is against faulty accounting systems. There are also mandatory laws for all current accountants, which ensure that there are minimal illegal practices. For example, the creation of commissions enables accountants to counter legal issues in accounting (Albrecht, 2011). Other legal issues in the existing society include the emergence of audit firms. These audit firms visit organizations and in turn inspect their accounting books. This is a new phenomenon in accounting. Consequently, it forces organizations to be honest. This is because the audit firms take strict legal actions against firms whose accounting books display financial illegalities. For example, firms that fail to account funds have to be in court an d face respective fines. Finally, current legal concerns in accounting include the establishment of punishments that discourage people from committing accounting frauds (Needles & Powers, 2011). Technological concerns of accounting and financial reporting of business In the accounting and financial reporting of businesses, the accounting professionals are vital because they play a significant role within every successful business. The professional accountants

Reading Comprehension Essay Example | Topics and Well Written Essays - 750 words

Reading Comprehension - Essay Example Graphic organizers are a powerful tool to the students as it provides students with tools that they can use to show and examine the relationship between concepts in a text. The essay will delve in the teaching comprehension strategies and how the graphic organizers are used to enhance the learning of students. It will also focus on the benefits of using graphic organizers in teaching comprehension strategies. Teaching strategies are the tools that teachers use to enable students learn and understand whatever they are reading. To help students understand comprehension easily, graphic organizers are always used. Graphic organizers like semantic maps are used in self monitoring strategy. Semantic maps are devices that help students to derive explicit and implicit meanings from concepts, ideas and details that are in a text (Sewak & Lubin, 2007). This strategy is helpful to students as it increases their understanding and helps them to acquire, organize and maintain information. This str ategy can be used by providing students with semantic maps, which depict concepts from a passage and the key words (Adler, 2005). Students should read the passage and then find out the key words which they should link to those key words that are on the map. When semantic maps are used in teaching of comprehension, they make students put much focus on the concepts and main vocabularies which will enhance comprehension reading. For example, when a teacher is teaching on the concept of â€Å"whales†, the teacher can trigger the prior knowledge that the students have, by showing them a video and then allow them to point out the key words which relate to that topic. The metacognitive strategy can be enhanced by use of the concept diagrams. Concept diagram helps in comprehension skills and they show the relationship between concepts in a passage. Concept diagrams are graphics which describe the concepts in a passage, and their relationship from top to bottom (Boudah & Hagan-Burke, 2000). They also show how these concepts at the top support those at the bottom and they have lines that show the connections between concepts. The concept diagram makes students focus on concepts that enhance comprehension. When teaching comprehension and teachers are using concept diagrams, the teacher is to give an explanation about the different parts of the diagram. The teacher together with his students, they highlight the main concepts in a passage. Then the teacher provides a blank concept diagram and allows students to make their own connections (Sewak & Lubin, 2007). Hence this makes the students to be actively involved as they engage themselves in writing concepts of the diagram. Other graphic organizers that are useful when teaching comprehension are the story maps. The story maps are used by teachers to help the students to know the story structure. One way of using the story maps is when the teacher reads a story and stops at some points which are strategic to ask the students some questions. This strategy is necessary in understanding comprehension as it allows students to identify some important elements in the story such as the plot, characters and the setting (Adler, 2005). The story maps help to improve the literal, applied and interpretive comprehension skills of the students. In fact, it is a powerful tool for making students pay attention when