Self Dignity and Common Good Profession of Accounting

Question: Discuss about theSelf Dignity and Common Good for Profession of Accounting. Answer: Introduction This article will emphasize on the professional field of accounting with the social factor of human dignity and common good. The role of social factors is directly related to all professions, particularly when the profession is directly related to the service of mankind and society. The impact of accountants in the society plays a vital role so far ethical presentation of financial statements with its analysis is concerned. As this profession is connected with the financial health of any organization and the subsequent declaration of the same, the role of accountant is vital to the stakeholders of the organization(Grimsley, 2016). Opinion The common opinion of the role of accountant is to ascertain the accuracy of the financial statements. Accounting highlights the financial health of any organization with its different elements to ascertain the financial performance of the company. It is the role of the accountant to present the reports which can depict the financial health of the organization in a common acceptable manner. Being the accountant, the person is not responsible for the organization where he is working(Mheducation, 2015). Moreover, his broader responsibility lies with the stakeholders of the company in various forms. The individual dignity of human being gives him the moral boost to perform in the area of professional field with esteem and perfection. As the profession of accountants is directly related to the stakeholders in the form of shareholders, creditors, society and government, this responsibility drives the accountants to be ethical and unbiased in his approach. Moreover the ethical bindings of the professional accountants make them responsible to the organization and the society. Hence the role of dignity can be found with its relevance in case of professional accountants. To consider the case of common good, the accountants are delivering their services to the organization where he or she is engaged in. Moreover his authenticated financial reports are serving the information to the stakeholders to understand the financial condition of the organization as well as society and government in br oader sense. The government can ensure its revenue through taxes from the reports generated and authenticated by accountants while society can feel the condition of the organizations in respect of its financial health. Hence the role of accountant is more important so far common good is concerned which is covering the society and the government along with mankind as a whole(Charteredaccountants, 2016). Editorial The profession of accounting is always demanding high level of dignity while the same is pursuing its performance towards the common good for the human kind. The accountants are normally renamed as the watch dog of the organization and thus they are liable to have a sincere and discrete look at the financial happenings of the organization(Ifac, 2013). It may happen that the management takes decision which can make stakeholders befooled along with the common good being disrupted. It is the duty of the accountant to focus and highlight such activities for the awareness of the stakeholders. The accountants are mainly creating the mirror through which the performance of the organization can be portrayed without any arbitrary images. To perform their duties, the accountant must possess self dignity which can make his place special in the organization. This position will create ambience in which his position will be respected with fear and this will make him a special personality in the organization(Icas, 2016). Conclusion The choice of profession as accountant can make individual proud with generation of high value of self esteem. This profession contributes to the common good of the people and the community though its perfect presentation of facts through figures which are gathered via information. As an intended accountant in future, the profession is to be respected and honored with its ethical value which can be instrumental to generate human dignity and the will power to serve the community with the objective of prioritizing common good. All the professions are good in capacity and style, but the roles of accountants are special as their reports have a wider range of impact in the society and for the stakeholders who are part of the community. Self dignity always places a person in special position in every aspect of life. In the case of accountants, self dignity proves to be vital as it gives enough self driving power with own esteem to perform the job as per the need of the stakeholders and the community, as a whole. Hence the profession of accounting is treated as the most valuable and important component of any organization so far its duties and deliverance is concerned. References: Charteredaccountants, 2016. Roles and responsibilities. [Online] Available at: https://www.charteredaccountants.com.au/Chartered-Accountants/Mentors/Roles-and-responsibilities [Accessed 24 October 2016]. Grimsley, S., 2016. How The Social Environment Affects Business: Examples Impact. [Online] Available at: https://study.com/academy/lesson/how-the-social-environment-affects-business.html [Accessed 26 October 2016]. Icas, 2016. Aussie accounting: Future proof or failure to launch. [Online] Available at: https://www.icas.com/ca-today-news/aussie-accounting-future-proof-or-failure-to-launch [Accessed 24 October 2016]. Ifac, 2013. Roles and Importance of Professional Accountants in Business. [Online] Available at: https://www.ifac.org/news-events/2013-10/roles-and-importance-professional-accountants-businessa [Accessed 24 October 2016]. Mheducation, 2015. Responsibilities for the Accounting Communication Process. [Online] Available at: https://highered.mheducation.com/sites/0073324833/student_view0/ebook/chapter1/chbody1/responsibilities_for_the_accounting_communication_process.html [Accessed 24 October 2016].