Scholastics : An Analysis

Wayne Grudem wrote the book ‘Business for the Glory of God,’ this book is based on biblical teachings. The book discusses issues such as ownership, productivity, employment, commercial transactions, profit, money, inequality of possessions, competition, borrowing and lending, attitudes of heart and effect on world poverty from a biblical standpoint, each are “fundamentally good and provides many opportunities for glorifying God but also many temptations to sin.” (Grudem, 2003, p. 19) Grudem claims that business can glorify God. He states “I am going to argue that many aspects of business activity are

The acts of accounting and finance date back to the beginnings of recorded history and has evolved over the centuries to become a cornerstone of societies across the globe. Both the Old and New Testament of the Bible discuss the subject of accounting and finance in many scriptures and parables. The biblical concepts taught about accounting and finance are, without fail, applicable to modern business. Without an ethical foundation build upon a biblical foundation accounting and finance practices are bound to fail. This paper will tie biblical concepts to accounting and finance as well highlight the implications of a secularism.

First and foremost, it is common knowledge that spirituality champions for good morals, equity, respect for human dignity, ethics and equality among all members of the human race. It is the above virtues that facilitate harmony and peaceful coexistence of human beings in all our day to day interactions. Reinhold, from his studies conducted in one of Detroit’s big automobile factories, noted numerous conflicts between Christian ideals and the realities that were in the industry. Surprisingly enough, Edward Earle conducted a research on twelve of America’s major corporations and urged all Americans to emulate them, a totally different thought from what

In today’s business environment, consumers aware of unethical behavior affecting small and large-scale businesses. In most cases, organizations suffer damage reputation, shareholders options decline, revenue decline and employee moral suffers. In order to prevent unethical behavior organizations should consider Christian Principles when developing policies and procedures to prevent unethical behavior. The role of business in God’s creation is not only the institution that human beings operates in, it is an environment that people are task with carrying out specific duties and responsibilities according to specific laws and regulations. The paper will examine why business matters to God and concepts of Agnosticism, Annihilation, and Adoption.

This scenario is difficult to understand. The utilitarian debate argues that the status of bringing helpful financial consequences is something that is worth obtaining (Mill, 2007). Bill Gates thereby must be permitted to attain the corporation and manage it as he deems it appropriate. Nonetheless, ethical leadership grows into all factors of management. For instance, it’s

Can business thrive by profit alone? Barry (2000) described Milton Friedman’s short essay, in the 1970’s, as extremely controversial, in which he denied that corporate executives had any moral duty to relax the conditions of profit maximization on behalf of the wider interests of society. This example of the “bottom line” of business has been demonstrated within the past couple of decades by publicly criticized companies, for fraudulent activities, such as, Enron, WorldCom, and HealthSouth along with many others. These company executives were willing to sacrifice the vast majority and greater good of society for profit gains. This mindset left many of loyal investors, consumers and employees without a sound stabilized future. There are also many businesses that produce a high yield on their investments;

According to Johnson (2012) leaders are powerful role models, and policies will have a little effect if leaders do not follow the rules they set. In Enron case, corruption and ethical misconduct were deeply embedded in their business culture where profitability was more important than ethics. In this paper, I will address the factors that had led to the development of the culture of profit before principle at Enron. Also, I will create my personal code of ethics that will guide me in my professional and personal decision making and doing the right thing when faced with ethical challenges.

As a Christian that is going into the field of accounting and finance, I find that is extremely important to know what my ethical values are. When things get difficult in the workplace, I need to be able to stand up for my beliefs and follow them even when it may cause me trouble. In the world of finance, the most important goal is maximizing wealth and profits at all costs. This paper will look at some of the ways a Christian financial manager can re-act to some of the things that the finance industry will throw at them.

People are created in the image of God and by design all people belong to God. The people who have chosen to accept God’s promise belong to God forever. Psalm twenty-four is a praise to God, “The earth is the Lord’s and everything in it”. Everything belongs to God, our life, materials, business, relationships, absolutely everything. God cares deeply about our wealth and health. However, the sin that corrupts our bodies and minds, and there is no guarantee that the Christian business person will prosper. The core of true life is in

Albertus Magnus (St. Albert the Great) was born in the year 1200 and died in 1280. He was a 13th Century German philosopher during the Medieval period. When we read about Albertus, we will notice that he was associated with the Medieval movement known as Scholasticism. His influence on Scholastic philosophy was impactful during the 13th Century and he was even able to integrate Aristotelianism into the Western world that was influenced by Christianity. Albertus was even an early advocate for the peaceful coexistence of science and religion. Yes, the age old debate goes back this far.

Collins illustrates a persuasive profile of what it takes to be the leader of not a good but a great organization in the modern day. He also demonstrates the development of successful organizations as a consequence of ethical behavior rather than despite

As Christians, we are required to show God’s rule in all occupations. We exercise dominion by becoming good stewards to the gifts He has bestowed upon us. God expects us to use our gifts to the fullest. “From everyone who has given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked.” Luke 12:48 (NIV). The idea of biblical entrepreneurship and the Christian worldview are closely related.

When determining and defending the use of a particular ethical system within the confines of a profession, it is important to evaluate the system in terms of the professional culture as well as the expected professional conduct laid out within the vocation itself. The accounting profession has been evolving for thousands of years. Early accounting records date business transactions back as far as third century B.C. (Schroeder, Clark, & Cathey, 2009). Early record keeping was for internal purposes and as societies and economies expanded, it became important to maintain records for external purposes as well. According to Schroeder, Clark & Cathey (2009), by the ninetheeth centruy, bookkeeing expanded into accounting (p. 3). From this time, it has been the duty of the accountant to serve the public interest and the profession has been culitvated into an organizational culture with professional norms and standards constantly taking shape in an effort to complete an all-inclusive conceptual framework.

The latin phrase “scholastic” means devoting one’s life to learning or becoming a scholar (Mastin). Scholasticism can be defined as a network of theological and philosophical teachings (based on the knowledge of Aristotle) that were taught in medieval universities during the middle ages (Mastin). Theology can be defined as the study of the nature of God and his beliefs and philosophy can be defined as the study of the fundamental nature of knowledge, existence, and reality. Furthermore, scholasticism was on a rise during the middle ages, which was a time period between the 5th and 15th century, that marked the fall of Rome and the beginning of the Renaissance. Scholasticism was founded by some of the best scholastic scholars, such as, Peter Abelard, Alexander of Hales, Albertus Magnus, Duns Scotus, William of Ockham, and Thomas Aquinas, all of which taught on a basis of Aristotle's writings.

The Burns and Scapens framework for analyzing managerial accounting change was built on the study of old institutional economics, which sees "economics as a process of social provision, subject to multiple and cumulative causation." This view culminates in a model that argues that the managerial accounting practices at institutions are subject to a process of constant change, influenced by routines and rules. The institutions contribute to these routines and rules, but so do actions on the part of managers within the institutions. By combining multiple influences over time, we arrive at modern managerial accounting practice. In other words, Burns and Scapens tells us that managerial accounting practice changes over time, influenced by a number of factors including rules, routines and actions.