Accounting Principles and Ethics Paper
- Submitted by: teztodd
- Views: 3678
- Category: Other
- Date Submitted: 05/08/2010 04:21 AM
- Pages: 4
- Report this Essay
Running head: ACCOUNTING PRINCIPLES AND ETHICS ARTICLES
Patricia A. Archie
University of Phoenix
Accounting Principles and Ethics Paper
HCS 405 Healthcare Financial Accounting
Instructor: Linda Frazier
Date: October 13, 2009
Abstract
For this paper, the writer has chosen two articles which cover the following topics: General Accepted Accounting Principles (GAAP) and corporate compliance, ethics, fraud and abuse. With this in mind the write will discuss both articles in detail. In conclusion, writer will discuss the importance of how each area of discussion relate to the importance of financial management of health care organizations.
Accounting Principles and Ethics Paper
According to BNET business dictionary online, accounting principles are rules, standards and guidelines that apply to accounting practices and the procedures required when reporting information. Ethics is a body of moral principles that set standards of behavior (Webster online Dictionary). These standards reflect shared values expressed in a code of ethics that members of a profession or organization agree to uphold. In this paper the writer will discuss two articles which address General Accepted Accounting Principle (GAAP) and corporate compliance, ethics, fraud, and abuse. In conclusion, writer will discuss the importance of how each area of discussion relate to the importance of financial management of health care organizations.
According to Russell (2009), accountants are self- regulated professionals that are accepted to uphold a certain standard. In this article, the author outlines the purpose of GAAP, the guidelines for preparing all financial information according to GAAP, primary principles upon which GAAP is built and GAAP assumptions of how accounting principles will be upheld and used in a business. It is essential that all business entities use General Accepted Accounting Principles. The purpose of the General Accepted Accounting Principle (GAAP) is to assure...
Patricia A. Archie
University of Phoenix
Accounting Principles and Ethics Paper
HCS 405 Healthcare Financial Accounting
Instructor: Linda Frazier
Date: October 13, 2009
Abstract
For this paper, the writer has chosen two articles which cover the following topics: General Accepted Accounting Principles (GAAP) and corporate compliance, ethics, fraud and abuse. With this in mind the write will discuss both articles in detail. In conclusion, writer will discuss the importance of how each area of discussion relate to the importance of financial management of health care organizations.
Accounting Principles and Ethics Paper
According to BNET business dictionary online, accounting principles are rules, standards and guidelines that apply to accounting practices and the procedures required when reporting information. Ethics is a body of moral principles that set standards of behavior (Webster online Dictionary). These standards reflect shared values expressed in a code of ethics that members of a profession or organization agree to uphold. In this paper the writer will discuss two articles which address General Accepted Accounting Principle (GAAP) and corporate compliance, ethics, fraud, and abuse. In conclusion, writer will discuss the importance of how each area of discussion relate to the importance of financial management of health care organizations.
According to Russell (2009), accountants are self- regulated professionals that are accepted to uphold a certain standard. In this article, the author outlines the purpose of GAAP, the guidelines for preparing all financial information according to GAAP, primary principles upon which GAAP is built and GAAP assumptions of how accounting principles will be upheld and used in a business. It is essential that all business entities use General Accepted Accounting Principles. The purpose of the General Accepted Accounting Principle (GAAP) is to assure...