Reference no: EM131006651
Ethics in Budgeting
Although budgeting may appear to be a straightforward set of calculations, there are still many areas in the budgetary process where unethical practices may occur. By misusing tools or calculations, a deceitful picture of an organization's financial reality can be painted, misleading investors, employees, or stockholders.
For this Application, you will first need to review the case study, "Conflict Between Doing Well and Doing Good?" found in this week's Resources.
Formulate a brief response for each of the seven questions listed at the end of the case study. In addition, comment on some potential consequences of unethical behavior in budgeting. Find examples in the news to demonstrate the consequences.
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Article:
Kwok, J. S., & Rabe, E. C. (2010). Conflict between doing well and doing good? Capital budgeting case study-Coors. Journal of Business Case Studies, 6(6), 123-130.
Retrieved from the Walden Library using the ProQuest Central (Legacy Platform) database: https://search.proquest.com.ezp.waldenulibrary.org/docview/818384065
Blueprint for Personal and Professional Growth
Consider the information you have been given. As a manager, you might not have to construct a budget, but you will be required to provide input in its creation or work with a previously constructed budget.
In a 1- to 2-page paper, respond to the following:
1 What is the importance of budgets for organizations in today's global economy?
2 There are many assumptions that go into the preparation of a budget. What are some of those assumptions and how will you gather reliable information to make more accurate assumptions?
3 What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills? What resources will you consult for information?
4 What did you learn in this course that is most important to your future as a manager? How will you apply your newly acquired knowledge in your profession?
5 After taking this course, how will you approach your role as a manager differently?
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