Research Paper on:
Tensions Between Managers and Accountants

Unformatted Sample Text from the Research Paper:
managers is more ambitious and requires political decisions that are in their nature subjective. Therefore there is a fundamental tension between the roles of accountants and managers. This  paper discusses the reasons behind this statement and why it appears to be all too true. ACCOUNTING AND ETHICS Due to the nature of their business, accountants are objective  in their views and ethical ideas. Their decisions are objective in that they are based on fact without being influenced by personal opinion. Because accountants have a set  of rules to go by they are less prone to be able to make decisions based on choice or creativity in making the business decisions that business managers are more  prone to do. Accountants are held responsible for their conduct as set out by the rules of the Government Accounting Standards Board. It is in the best interest of  the accountant to keep a clients accounting information private; however, the information may be seized or subpoenaed by a governing body if it is deemed to be necessary in a  court of law. The importance of upholding accounting standards cannot be stressed enough. It is on a level with legal decisions or production decisions in determining how a  business will perform in the future. The accounting information and its use is the measure which can determine whether a business will be able to continue and become even  more profitable, or whether it might lose money and eventually fail (Baliga 1998, 26). Accounting records have everything to do with the ability to continue the livelihood that  supports the owners and employees of any given enterprise. The business of accounting is important enough to warrant the profession of professional accountants whose job it is consists of