Accounting field project Essay Example | Topics and Well Written Essays - 1250 words

Accounting field project - Essay Example At times, accountants face maximum external as well as organisational pressures with respect to maintenance of professional and ethical values. Particularly with respect to areas such as tax, accountants require constantly balancing the ethical responsibilities with the professional duties in order to serve clients as per their preferences (Shafer 261-273). As an accounting student, I want to discuss the challenges face by accountants while balancing ethical responsibilities with professional duties. I want to encourage the readers that accountants require to fulfil and honest the expectations of clients in terms of maintaining the ethical standards. In this essay, I will specifically discuss about the issue of conflict in taxation, which in turn puts extreme pressure on the accountants and makes them to face a lot of challenges. In present day’s competitive business environment, organisations are found to remain under huge pressure while attaining their respective intended business objectives. Employees who succeed in satisfying these objectives are rewarded by huge monetary benefits and those failing to respond with the same will be punished with low pay and in worst-case situation, loss of employment. In this similar context, accountants are also hired in order to act uniformly for the beneficiary of the organisations and failure to do so can result in loss of honestly. Fulfilling the organisational objectives at certain times pressure the accountants to act in such a way, which seem unethical for accountants. According to the report published by both American Institute of Certified Public Accountants (AICPA) as well as the Chartered Institute of Management Accountants (CIMA), accounting professionals, particularly in developing economies feel increased pressure to perform unethically. During the t ime of economic slowdown, accountants feel much pressure in compromising ethical standards in order to make sure the

Knowledge Intensive Firms and Knowledge Workers Research Paper

Knowledge Intensive Firms and Knowledge Workers - Research Paper Example Southern power continues to find opportunities to implement its strategy of creating value through its numerous transactions such as asset acquisition and selling, establishment of novel power plants, entrance into Power Plants Associations mostly with other investor-owned utilities, municipalities, independent power producers, and electric cooperatives (Google Finance, 2015, p. 1). In Southern Co’s operations, FERC plays the crucial role of providing the operation regulations instead of following traditionally defined state regulations like any other traditional operating company. Though operating as one large company, the Southern Company operates under several leveraged leases such as Southern LINC Wireless that offers digital wireless communications for Southern Co.’s uses. For purposes of this paper, the evaluation Southern Company is limited to company’s proactive approach to preparing for disaster recovery. For a long time, Hurricane Katrina has been known for its numerous complex challenges such as 100% loss of power for customers, 65% of power delivery system damages, 97% loss of power generation capacity, approximately 9,000 damaged or damaged power poles, transformer damages, 100% dilapidated corporate offices, and more than half of the residents suffering noteworthy damages for their homes (Ward, 2006, pp. 7-13). Other challenges experienced during the Katrina hurricane are communication loss and devastation infrastructure. Through its investment and prioritization of knowledge base management, Southern Co. effectively planned on eliminating the challenges associated with the Katrina Hurricane through approaches such as a reduction in the time duration required to restore power to its customers, provision of family services, assisting emp loyees with personal losses, and daily provision of thousands of fuel gallons daily.