Accounting Theory: An Ethical Perspective of Real Life Scenarios

Shivneil Kumar Raj, Sandhiya Roy

Abstract


Decisions are made daily in businesses and individuals do encounter situations where they are faced with ethical issues. The subject is how one evaluates whether an act is ethical or unethical. This research article discusses real life ethical dilemmas that could be faced in accounting or business environment and applicability of various theories of ethics that were taught in accounting theory course in the undergraduate accounting program. The researcher employs a number of case studies highlighting the stories related to ethics that have been experienced in the past working life. Teleological and deontological theories are being used to explain how one could identify that a particular act is ethical or unethical. The work of accountants requires them to maintain high level of ethics to ensure integrity of the profession.  


Keywords


Ethical Egoism (EEG); Ethical Elitism (EEL); Ethical Parochialism (EP); Ethical Universalism (EU)

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References


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DOI: http://dx.doi.org/10.18533/ijbsr.v6i10.1006

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International journal of business and social research (Print)
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[International Journal of Business and Social Research (IJBSR) previously published by MIR Center for Socio-Economic Research, MD, USA. From February 2018 this journal is published by the LAR Center Press, OR, USA]