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Ethics Review

Submitted by jujuh69 on July 9, 2007

Category: Miscellaneous
Words: 880 | Pages: 4
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Ethics Article Review
Ju Juan Holman-Woods
University of Phoenix
Financial Analysis for Managers I
FIN/324
Ron Cunitz
May 30, 2007


Ethics Article Review
Ethics plays an enormous part in the business world. Universities are educating students on how ethics affects businesses. WorldCom, Enron, and Tyco have demonstrated that educating upcoming business owners and employees on the importance of ethics is vital. In the last few years, many business scandals have put an enormous amount of pressure on the accounting specialists. In Teaching Ethics to Accounting Majors, Edward Monsour article explains why more universities are no longer ignoring teaching ethics in many accounting courses.
In the article, Monsour (2007) found in a survey conducted “by the American Accounting Association found that only 46% of schools offered a separate course in ethics” (Monsour, 2007). Yet many studies have shown that teaching ethics has had a positive outcome on undergraduates. The reason behind ethics education is to educate students on how to distinguish and determine ethical concerns. However, Monsour (2007) explains that the test for most accounting professors is to incorporate ethics teaching with professionalism in a way that students gain the ability to relate “moral reasoning and decisionmaking, and safeguards” that will avert dishonorable behavior. The article states that there are four goals of ethics in an accounting course. They are “expose students to their personal responsibilities and the need for integrity, provide a philosophical frame work for ethical analysis, review the ethical obligations of accountants as detailed in the profession’s code of conduct, and discuss situations that present ethical conflicts and determine how to resolve them in a morally appropriate way” (Monsour, 2007).
Monsour (2007) also explains the there are three steps in functioning through an ethical...

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