The importance of ethics in financial management: [Essay Example], 427 words GradesFixer
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

The Importance of Ethics in Financial Management

downloadDownload printPrint

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

The Importance of Ethics in Financial Management essay
Download PDF

The ethics are principles based on doing the right thing. They are the moral values by which an individual or business operates. The business should act ethically until attaining the ultimate success. The history of doing right things helps to heighten selling point and reputation of organization in the community.

The ethics are morally valued but they are backed by legal consequence for failure to act within certain guidelines. Most of the people are not much considered the effect of ethics on business until fall of Enron in 2001 and 2002, but every finance manager must be aware about ethics regularly. The ethics of a finance manager should be above approach. This includes more than just acting in an honest, above-board manner. It means establishing boundaries that prevent professional and personal interests from appearing to conflict with the interest of the employer. The finance manager must provide competent, accurate and timely information to the company fairly presents it at any time potential disclosure issues, such as legal ramifications. The manager is ethically responsible for protecting the confidence of employer and staying within the boundaries of law.

Pssst... we can write an original essay just for you

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

121 writers online

Legal issues

Some laws are specifically designed to address unethical actions of finance managers. For example, if a finance manager is aware of business activity that will affect a stock price and uses that information to buy or sell stocks for financial again, he has broken a trust with his employer and broken laws established by the Securities and Exchange Commission (SEC). A finance manager who is aware that his company may be breaking the law may be held legally responsible for a crime.

Balancing act

The dilemma faced by many finance managers comes in balancing the need to act ethically while fulfilling the needs of the employer. The employer’s ultimate goal is to maximize earnings, and the drive to make money may cause an employee to act unethically. If a manager believes his company may have crossed an ethical line, his first step should be to take it up with his employer. If he feels the actions warrant legal intervention, he should do so without fear of repercussion.


If a discussion with an employer does not resolve the ethical issues facing a finance manager, he can report the activity to the appropriate government agency for investigation. This is known as whistle blowing. Under current laws, an employee has the right to report suspicious activity without fearing for his job. While the activity may put a strain on his working relationship, he is protected by law.

infoRemember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism-free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

The importance of ethics in financial management. (2018, November 19). GradesFixer. Retrieved May 8, 2021, from
“The importance of ethics in financial management.” GradesFixer, 19 Nov. 2018,
The importance of ethics in financial management. [online]. Available at: <> [Accessed 8 May 2021].
The importance of ethics in financial management [Internet]. GradesFixer. 2018 Nov 19 [cited 2021 May 8]. Available from:
copy to clipboard

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.


    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you



    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer uses cookies. By continuing we’ll assume you board with our cookie policy.


    Haven't found the right essay?

    Get an expert to write you the one you need!


    Professional writers and researchers


    Sources and citation are provided


    3 hour delivery