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Exploring Cognitive ProcessesTammie PyleColorado State University GlobalACT560-1: Accounting EthicsDr. Kevin CabeDecember 12, 20211
2Exploring Cognitive ProcessesThere are various elements to consider whenever one is confronted with a moraldilemma.Responsibilities, ideals, and specific results are some of the considerations that mustbe addressed before making any decision.When it comes to your workplace, there are numerousadditional elements to consider guaranteeing that the company's best interests are recognized andthat a favorable end is achieved.This week, I'll go over the case study presented, The Ethical Dilemma at Northlake, inwhich Frank gets caught in a bind and must make a difficult decision with his boss regardingfinancial reporting.I'll evaluate the critical variables that Frank must consider in this position, aswell as the potential consequences of his decision on the organization.This evaluation will alsolook at the moral decision-making framework Frank should use to help him make the best optionpossible for himself and his firm.In this scenario, I'll apply the Deontology Theory and showhow Frank can use it to make his decision.I'll also consider different ideas that may be appliedto this scenario, as well as how Frank would react in certain circumstances.Finally, I willannotate any specific ethical rationale that the company's President, Jean, may be interested inand how virtue ethics can guide him/her on the best strategy to take.Virtue Ethics and Egoism Ethical Theories Possibly Used in this ScenarioThe virtues of the individual making a decision are central to virtue ethics.Whatconstitutes a good person, or, in this case, a competent corporate reporting expert is the centralquestion in virtue ethics.Decisions must be made in light of the virtues that are beneficial to thecompany, according to virtue ethics.If, for example, a competent corporate reporting
3professional such as Frank values honesty above all else, then all decisions should be madeethically to ensure that honesty is maintained.In any professional setting, the emphasis on the professional's own virtues appears tooverlook the significance and function of commitments to clients, shareholders, and the public.The industry is about more than just what professionals do for a living; it's also abouttheir impact on society and how their choices affect others.It can also suffer the same problemsas deontological ethics when it comes to virtues that are incompatible.What happens when aclient's loyalty and public honesty clash?Should a professional defer to which of the two?The virtue ethical theory evaluates a person based on their character rather than an actionthat may depart from their usual behavior.When evaluating unethical behavior, it considers theperson's morality, reputation, and motivation (Mintz, 2006).Consider the situation this week.

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