Ethical Issues in the Finance Department of an Industry

The finance department of any firm or institution plays a significant purpose in any decision making, operations and the running of a firm. Its major duties are to give financial advice to the CEO, other managers and customers. The advice helps them in making healthy decisions in their businesses.Advertising We will write a custom essay sample on Ethical Issues in the Finance Department of an Industry specifically for you for only $16.05 $11/page Learn More The sector ascertains any decisions made by a firm leads to the profitability of the firm and growth of the company. As a division manager of the athletic team, the finance department will give information on the previous sales and provide a detailed report on how the products in the sale were fairing in any of the markets. This information is useful in guiding the division manager in the decision of making on new opportunities (Vengel 45). This information through data mining skills in the informatio n system would help assess the opportunities presented by the different markets. From the information gained the marketing department can tell which product will require sales promotion or product awareness campaign. The data on sales and revenue presented by the accountants will assist in calculating the net profit made from the sales. Information on the profits will guide in allocating a given amount of money to each sector of the company through effective budgeting. The accountants will give relevant information on the expected expenditure and the expected gain from all the investments made by the company in all fields. The finance department will assist in evaluating the business opportunities by carrying out an economic evaluation. This will consist of profit statements, cash flows and income statements evaluation guided by the business plan provided. The business plan will show the product/service to be provided, a list of suppliers expected to provide the materials and the me thod used for acquisition. The market targeted and the business operation will also be discussed by the board of shareholders of the company. Ethical issues from any finance department of an industry affect all the shareholders of the business. Many people think that the finance sector is the most unethical sector of any industry. This could be true considering that crucial decisions in most firms are made by the finance department. One of the ethical responsibilities of the finance department is to protect its clients by ensuring that they comply with the various tax laws. This helps clients to adhere to the state laws and rules by the finance maintaining their independence in making proper ethical decisions. The finance department should not equate legal behavior or decisions with moral behaviors. Most decisions may be legal but that does not make them ethical.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More To the employees, the business should not make profits while exploiting their employees. This means that they should not cut the employee’s benefits. This come as a result of the company needs conflicting with the professional duty. They should balance the employee’s needs with those of the company. The customer must also be considered in any ethical decision making process (Clifford, 203). If consumers think that the finance sector ignores its ethical responsibility, then they move to other businesses. Decisions made by the finance department should rarely affect the costumer, if possible. The business should offer enough information on their services and products to the customer. The community also should be considered before making decisions avoid unethical issues from the business. The community provides the necessary infrastructure to any business, so the principal finance decisions should cater for the community needs too. As a division manag er, a good relationship with the finance officers would be maintained by willing to learn the concepts and skills used by the accountants. The relationships can be enhanced by serving others and helping out without any excuses. As a manager, one ought to know how to persuade and influence other employees to assist you hence helping you to achieve goals. The skills learnt would help in future decision making and implementing policies that will earn profits for the company. The finance sector will also help one acquire leadership skills and utilize them in the manager post (Audi, 102). Works Cited Audi, Robert. Business Ethics and Ethical Business. New York: Oxford University Press, 2008, Print. Clifford, Bernard. Test Policy and the Politics of Opportunity Allocation: The Work Place and the Law. London: Springer, 1989, Print.Advertising We will write a custom essay sample on Ethical Issues in the Finance Department of an Industry specifically for you for only $16.05 $1 1/page Learn More Vengel, Allan. The Influence Edge: How to Persuade Others to Help Achieve Your Goals. San Francisco: Berrett-Koehler, 2001, Print. This essay on Ethical Issues in the Finance Department of an Industry was written and submitted by user Anabelle Hutchinson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Content and Function Words in English

Content and Function Words in English Each word in English belongs to one of the eight parts of speech. Each word is also either a content word  or a function word. Lets think about what these two types mean: Content Words vs. Function Words Content information, meaningFunction necessary words for grammar In other words, content words give us the most important information while function words are used to stitch those words together. Content Word Types Content words are usually nouns, verbs, adjectives, and adverbs. A noun tells us which object, a verb tells us about the action happening, or the state. Adjectives give us details about objects and people and adverbs tell us how, when or where something is done. Nouns, verbs, adjectives and adverbs give us important information required for understanding. Noun person, place or thingVerb action, stateAdjective describes an object, person, place or thingAdverb tells us how, where or when something happens Examples: Nouns Verbs house enjoy computer purchase student visit lake understand Peter believe science look forward to Adjectives Adverbs heavy slowly difficult carefully careful sometimes expensive thoughtfully soft often fast suddenly Other Content Words While nouns, verbs, adjectives and adverbs are the most important content words, there are a few other words that are also key to understanding. These include negatives like no, not and never; demonstrative pronouns including this, that, these and those;  and question words like what, where, when, how and why. Function Word Types Function words help us connect important information. Function words are important for understanding, but they add little meaning beyond defining the relationship between two words. Function words include auxiliary verbs, prepositions, articles, conjunctions, and pronouns. Auxiliary verbs are used to establish the tense, prepositions show relationships in time and space, articles show us something that is specific or one of many, and pronouns refer to other nouns. Auxiliary verbs do, be, have (help with conjugation of tense)Prepositions show relationships in time and spaceArticles used to indicate specific or non-specific nounsConjunctions words that connectPronouns refer to other nouns Examples: Auxiliary Verbs Prepositions do in has at will though is over has been between did under    Articles Conjunctions Pronouns a and I an but you the for him so us since ours as she Knowing the difference between content and functions words is important because content words are stressed in conversation in English. Function words are non-stressed. In other words, function words are not emphasized in speech, while content words are highlighted. Knowing the difference between content and function words can help you in understanding, and, most importantly, in pronunciation skills. Exercise Decide which words are function and content words in the following sentences. Mary has lived in England for ten years.Hes going to fly to Chicago next week.I dont understand this chapter of the book.The children will be swimming in the ocean this time next week.John had eaten lunch before his colleague arrived.The best time to study is early in the morning or late in the evening.The trees along the river are beginning to blossom.Our friends called us yesterday and asked if wed like to visit them next month.Youll be happy to know that shes decided to take the position.I wont give away your secret. Check your answers below: Exercise Answers Content words are in bold. Mary has lived in England for ten years.Hes going to fly to Chicago next week.I dont understand this chapter of the book.The children will be swimming in the ocean at five oclock.John had eaten lunch before his colleague arrived.The best time to study is early in the morning or late in the evening.The trees along the river are beginning to blossom.Our friends called us yesterday and asked if wed like to visit them next month.Youll be happy to know that shes decided to take the position.I wont give away your secret.