I came from the land where nature and history converge. Yes, I am from the Philippines. And uh, just to clear your mind, I am not related to Kordapia.
Image Credits to Pixabay
*The display photo is not me.
I came here not just to bring the fun. I am also here to learn, earn and make the most of my writing skills. I am still a student and whatever I am going to earn and learn here would be of great help in my studies and other matter.
Okay, enough of self introduction. Let us just proceed to my first ever written article here, and it has something to do with ethical standards. So, if you are interested, do not think twice, nor think thrice, just think to read it because you might find it interesting.
This is it, my soon to be virtual friends. Let us claim it!
Window dressing is not ethical. Who would like to suffer from manipulations? No one in this world wants to get cheated. "Don't count your chickens before they hatch" is an old saying that means you shouldn't get your hopes up or make plans based only on assumptions because that can lead to disappointment. Real situations hardly match expectations.
The idea behind Kant's categorical imperative to this scenario was not presenting the company's actual financial position. The manipulation of figures on the statement.
Why is window dressing wrong?
The goal of window dressing is to benefit a lot of investors that may invest in the company for a better and huge income. If every company was expected to manipulate all their financial statements, then laws, Accounting Standards, regulations would not set standards.
Probably, investors are no longer there, or financial statements would be worthless. Thus in ethical egoism explains that achieving the desired investors will make the company egoist happy. Less work involved hooking up a diamond fish rather than being motivated by thoughts of pure joy with achieving successful deception and avoiding adverse outcomes.
As an accountant, the worst enemy was regret and inner killings. The insanity that was grinding in your heart of not presenting the actual amount. To not get into window dress, the improvement of management will prioritize—the communication of all the levels in the organization to not get a loss.
"Manipulation happens because of insecurity or over-ambitiousness. And or both are not in a healthy state of mind." - Gurudev Sri Shanker.
It saddened me when I always hear the word transparency. Just because in real life, that's our family problem that turns into broken pieces. Setting aside, companies or even our Philippine fund or system have had difficulty being transparent to their customers, employees, and people. In the business world, there's a lot of challenges that may come.
If you always offer transparency, people and opportunity will keep knocking at your door. Because the market investors can have full honest information he wants, not just the information the company is willing to provide. Because it embodies honesty and open communication that is consistent with its values.
Suppose you will not be transparent. You are just violating all the regulations, or you're against with yourself dignity of not providing the true information to immediately gain investor or profit. In that case, you are probably wrong and full of regrets. Lack of integrity only leads to short-term wins and regret in the inner self. Do not abuse the client's trust.
An open and transparent way of communication encourages them to give better performance, and they help the organization achieve desired goals and objectives effectively. Building relations with inner core values through transparency are the best strategic plans to achieve the long-term goals.
It is not sufficient to just tell the truth or being honest, be transparent. I know it is the most challenging value to gain in business because many people are stuck in secrecy and fear.
"I love when things are transparent, free and clear of all inhibition and judgment." -Pharrell Williams
Welcome po sa read.cash, join din kayo sa Noise.cash magandang platform din sya.