• What is the manager’s responsibility regarding ethicalfinancial reporting?

Managers must consider ethics on adaily basis when it comes to being ethical in financial reporting.Understanding what those ethics are and how they affect a businessshould be understood when in a manager role that deals withfinancial reporting. Ethics are based on doing what is right andvalues by which a business or individual operates. It’s aboutreporting timely and accurate data as well as following policy andguidelines established within the boundaries of the law.

• What challenges might a manager face in ensuringethical accounting and financial analysis practices?

There are many challenges that amanager might face with it comes to ensure ethical accounting andfinancial analysis practices. One of those challenges would bebased on how a business is doing financially. If they aren’t doingwell a manager may get pressure and be asked from upper managementto manipulate the reporting of their financials to make them lookhealthier financially.   Another challenge is being facedwith this unethical dilemma and how to handle how a manager mightdeal with being put in this situation. Will they forge forward andmanipulate the data? Or will they wrestle with their own morals andblow the whistle so to speak and worry about repercussions of doingso.

For chegg: Compare and contrast your perceptions withthe above assessment of the role of managers regarding ethicalaccounting practices and the challenges they may face. Can youidentify additional challenges? How does the assessment of thefuture impact of this course compare with your own?