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Sample Article Review Paper on Financial Issues

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Sample Article Review Paper on Financial Issues

Financial Issues, especially poor keeping of accounting books has made a number of companies go bankrupt and close them in the end. For instance in this case, these companies went bankrupt for reasons that they could avoid, apart from remaining relevant to the market and competitive too, these companies failed to ensure that they keep record for their accounting details. Lack of financial records would lead to a number of financial issues, for instance embezzlement of funds, and / or misappropriation of the companies’ funds. However, it is important for companies to ensure that they keep any information regarding financial transaction to help the company audit process easy and able to distinguish where any funds could be missing.

            In most cases, businesses tend to flop in their time to time operations due to poor ethical standards.  Businesses that create better ethical value from its management to the subordinate staff normally create a positive business environment. However, the business’ operations become swift since ethical values will shun business personnel from performing corrupt deals, that would lead to disrespect to the business organization, and it would generate problems for the business community in the long term (Rose, 2007, p. 28).

            In the case of where the Bookkeeper at HealthSouth noticed that there were a number of the management members who used to wrongly recording transactions made by the company and went ahead and warned  them, but due to the pride of being part of the management team they failed to comply to what was right for the company. It is therefore important for the management to allow staff members to come up with ideas that are able to help the company.

 

 

References

Rose, A. (2007). Ethics and Human Resource Management. Bradford: United Kingdom

 

           

 

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