Ethics : Ethics And Ethics

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Ethics

Ethics is a branch of philosophy that involves an organize system, defending, and recommending concepts of right and wrong behavior. Ethics researches the two questions "What is the best way for people to live?" and "What actions are right or wrong in particular circumstances?" Ethics attempts to settle questions of moral behavior by defining what is good or bad and right or wrong. There are three branches in ethics, meta-ethics, normative ethics, and applied ethics.
Meta-ethics deals with understanding judgements, attitudes, and statements. It examines what is truthful. Normative-ethics is the study of moral action, the difference between right and wrong. It examines the behavior of how one should act. Applied-ethics is what a person is obligated to do in a professional disciplinary or a particular domain of action.
Ethics in Accounting
Accounting is a business field in which accuracy and interpretation are both very important. It requires that Executives display leadership, honesty, and loyalty to employees and shareholders. Ethics in accounting, is the practice of behavior that does not allow for intentionally inaccurate or false accounting practices. This means not only must an accountant follow the law, but also be able to interpret financial data as clearly and honestly in all situations. There have been several cases where small discrepancies lead to sizeable sums of money being reported inaccurately, especially in larger companies.

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