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Ana Olvera
ACCT 2010
October 1, 2019
As children, we begin to develop the understanding of ethics from our parents, peers, and
religious figures. They teach us what is right from wrong, how we should act and behave, and
ultimately embedding their ideology of moral ethics into oneself. While life may not solely be
black and white, we apply our own personal ethics into our everyday lives, including our place of
employment. Taking into consideration our personal ethics when dealing with financial
reporting, is important in the success of the business, but also in the overall well-being on
oneself.
character, and overall success in oneself. Unfortunately, frauds happen in a business, and it all
begins with someone in the workplace being dishonest. Fraud, however big or small, displays
poorly on an individual. I remember a time back when working in a fast food joint, a supervisor
was caught giving extravagant discounts to their family and friends. To portray such an act, they
would place themselves at the register and rather than ringing up the whole meal, they would
only ring up one or two items. This person was able to carry out the fraud by having easy access,
and the ability to manipulate the system. They were also in a position of power; and so, it
wouldn’t be questioned. The sales revenue was not represented properly in the financial
reporting. Therefore, this is a representation of how the lack of ethics, relates to financial
reporting.
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Once caught, the individual described that the reasoning behind their actions were, that
they did not see any harm in the action. Again, this shows that no matter how big or small you
may think the action is, fraud is fraud. To avoid such representations, it is best to follow the
In conclusion, it is significant to understand that while you may think your actions are not
hurting anyone at a personal level, they may still hurt the overall success of the business.
Applying ethics into your everyday life and workplace is a good moral standard to have, and it
will keep you from conveying fraudulent activities. Lastly, executing ethics in the workplace will