Codes of Professional Conduct in Accounting Essay

Codes of Professional Conduct in Accounting - Essay Example A code of ethics ensures that the professionals do not get into conflicts with the society as the professionals become more aware of the limits to which their activities can go. A code of ethics is important in that it specifies the ethical responsibilities of the accounting professionals something, which is meant to minimize any dilemmas that come whenever professionals act in contravention of the code of conduct1. The code of ethics for Accounting professionals is designed so as to ensure that, any issues facing the professionals and is likely to impact on the American society is taken care of. In addition, the code of ethics is more of guidelines, which specifies the extent to which a professional can go especially in regard to news, or reporting of a given event. The professionals' code of ethics for the Accounting professionals is also meant to protect the actions of the professionals from harming the American society and curb financial scandals. For the Accounting professionals, honesty and trustworthy is indispensable. The professionals must always ensure that they are consistent otherwise they risk losing credibility. This is why a code of conduct is very central to the functioning of the Accounting professionals. ... In addition, honesty and trustworthy are key tenets of Accounting practice especially given the fact that, for a very long time, the Accountants in the United States have been blamed for perpetrating scandalous activities. The AICPA professional code of conduct needs to be modified to reflect the changing nature of the Accountant's duties in this era of information technology and especially concerning the increasing menacing threat of cyber fraud. The code of ethics stipulates what a professional can or cannot do. This has ensured that, accountants remain professional and committed to their duty in honesty. The code of ethics has ensured that, the AICPA professionals understand that, it is their duty to serve Americans in honesty and trustworthy. The Nursing code of conduct calls upon all nurses to conduct themselves in a manner consisted with compassion, respect, dignity, worth in terms of professional relationships and practice. The code of conduct for nurses requires them to be committed to the patients' in spite of whether the patient is an individual, family or a group3. The code of conduct for nurses requires them to promote the health safety and rights of patients by being committed to their duties. The code of conduct for media professionals on the other hand is designed to ensure that, the media professional present balanced and true information which must not hurt the society. If not well taken care of, media professionals can create a lot of disharmony in the society. It has happened in other countries. For instance the 1992 Rwanda massacre was partly ignited by a largely biased media profession, which never gave credence to the media professional code of ethics. As a result, the

Global marketing Essay Example | Topics and Well Written Essays - 3000 words

Global marketing - Essay Example Foreign direct investment is simply direct investments across national boundaries† (Dicken, 2007, p.36). Earlier, countries were bit reluctant in welcoming foreign direct investment because of the concerns about the negative impacts upon domestic firms caused by the intrusion of foreign firms. However, world has realised that these concerns are nothing in front of the huge benefits and advantages brought by foreign direct investment. It should be noted that communist China is the number one exploiter of globalization and foreign direct investments at presents. In other words, China has no hesitation in allowing foreign companies to function in its soil now. In short, global marketing has gained lot of relevance and importance in the heavily globalized world at present. Even though globalization is believed to be the brain child of capitalist countries such as America and UK, it is fact that these countries failed to exploit the opportunities of it properly. For example, recent recession affected UK immensely. At the same time Asian countries such as India, China, Japan and Korea escaped from the negative effect if recession. This is because of the fact that these countries exploited globalization to their advantages. It should be noted that Indian automobile manufacturer TATA has recently acquired prestigious British automobile manufacturers such as Jaguar and Land Rover. Even then, many prominent British companies are currently working in overseas countries. For example, British telecommunication giant, Vodafone is one of the major telecommunications company in India now. In short British companies have lot of opportunities in overseas market. Established in 1995 in Dorset, England by Dutch millionaire Klaas Zwart, Ascari Cars is one of the major automobile manufacturers in Britain now. Even though Ascari is more interested in the making of sports cars, it is making luxurious passenger cars also. Even though many of the British cars manufacturers have al ready established business units in India, Ascari failed to do so until now. This paper analyses the opportunities of Ascari Cars in Indian market. Reason for choosing Ascari cars   â€Å"Ascari cars† is one of the most rapidly growing British companies now. Even though it was established only in 1995, it has already succeeded in informing its presence in the market. â€Å"Ascari cars is a medium sized organization. Many people have the illusion that only prominent or huge organizations might be able to establish business units in overseas countries as part of their global marketing strategies. However, it is already proved that the size of the company is irrelevant as far as the success and failures of global marketing are concerned. â€Å"In 2006 the Ascari KZ1-R was built to compete in GT championships around the world with ultimately scooping the British GT Championship in 2009†(Ascari race resort, n.d.). Until recent times, car racing was not a popular sport in India. However, recent statistics shows that the interests of Indian people in formula one competitions or car racing is slowly increasing. In others words, Indians started to love sports cars in recent times. So, the opportunities for Ascari in Indian market are tremendous. Even though call for energy efficient or