Business and academe: forging an ethics partnership

Article Abstract:

Business students can be effectively taught business ethics and prepared for the ethical dilemmas they will face following their entry into the business environment by inviting accounting professionals into the classrooms to share their real-life experiences. Business educators have generally deferred the responsibility for teaching students business ethics. Educators have been unwilling to provide ethics instruction because: many educators believe the marketplace is the regulator of business ethics; there is uncertainty about the use of public funds for supporting a specific philosophy; and a shortage of classroom time forces educators to focus on technical issues. Accounting professionals can make contributions to developing students' ethical awareness by: discussing common ethical problems; becoming ethical role models; and assisting educators in designing ethical case studies.

Accounting, Ethical aspects, Study and teaching, Business ethics, Business education

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Electronic systems enhance JIT operations

Article Abstract:

Just-in-time (JIT) inventory control is used along with electronic data interchange (EDI) to speed communications, save money, and reduce inventory levels. EDI is the paperless exchange of business documents between companies via computers. Ford, General Motors, and Chrysler and their suppliers are EDI users. Understanding EDI requires familiarity with standards and conventions, data dictionaries, and transmission protocols. Communications links can then be set up in one of three ways: point-to-point, value-added, or third-party configurations. If EDI continues to become a significant trend in JIT environments, accountants will need to understand EDI concepts. The accounting advantages are that EDI keeps track of all transactions, reduces errors, is fast and standardized, generates routine accounting reports, and increases overall productivity.

General Motors Corp., Ford Motor Co., Chrysler Corp., Just in time inventory systems, Just in time systems, Electronic data interchange, EDI (Electronic data interchange), Logistics

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Bar codes speed factory floor reporting

Article Abstract:

Bar coding has progressed in under 15 years from an obscure, supermarket-based device to a mainstream shop floor efficiency and inventory control tool. A growing number of industrial bar coding applications relate specifically to management accounting. Continuing declines in the cost of bar coding equipment result in increased opportunity for its interface with accounting applications. Reading equipment tends to fall into one of five categories: light pens, stationary fixed beam scanners, hand-held lasers, stationary moving beam scanners, and imaging array readers. The use of bar code technology in cost accounting at Ametek's Thermox Instruments Division (Pittsburgh, PA) is described.

Usage, Accounting and auditing, Technology application, Scanning devices, Optical scanners, Management audit, Management audits, Managerial accounting, Bar codes, Ametek Inc. Thermox Instruments Div.

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