GOSPEL REFLECTION- FINALS
1. Ethical Decision Making: Employer Responsibilities and Employee
Rights
“The plans of the diligent lead surely to abundance, but everyone who is hasty comes
only to poverty” – Proverbs 21:5
Gospel Reflection:
All those who are conscientiousness enough in everything they do will lead to great
success. Life may be hard on us that sometimes we end up nothing, but having plans
will secure us for the future. The starting point for business and financial success is
the head. To achieve wise goals, a careful person schedules his career, schooling, life,
efforts, savings, time, timetable, and other variables, and he achieves success. A poor
man that quickly achieve excellence the godly way, can only dream of shortcuts by
hard and intellectual work, and they end up breaking him off. It is like “A diligent
man knows that plowing his field day after day will yield results”; one has the
foundation in place for success.
Reflection:
Knowing the right ethical decision specifically on employers and employees is
one way to distinct two perspectives on ethics of workplace relationship. Equal
treatment in the workplace often requires fairness in matters such as promotions,
salaries, insurance etc. Since these assessments are usually taken on the basis of
performance reviews, due process rights should therefore protect this part of the
workplace.
It is also significant that employees have a fundamental right to a healthy and safe
workplace. These can be as acceptable risk, market controlled and as government
regulated ethics. Risks can be defined as the probability of damage, and by
measuring the probabilities of damage involved in different actions, and we
determine relative risks. A workplace is safe if the risks are acceptable. By
negotiating with employers, workers will be free to choose the risk they are able to
take. For this, workers will measure their interests against their demand for salaries
and determine how much risk they are willing to take for different salaries.
Mandatory government standards address most of the problems raised against
market strategies. These are just some of the points that employers and employers
have the responsibility and rights.
2. Ethical Decision Making: Corporate Governance, Accounting and Finance
God says that individuals will have to account for all of their works, including our
secret sins. Even the word we have spoken will be judged. –Ecclesiastes 11:9
Gospel Reflection:
In life things happened that we can’t control. We take life as it comes. Let us put
in mind that there is one more aspect of life, which is really important, but one
more thing is necessary. We also realized that it is possible for us to go wrong
when we enjoy so much. Life is too big to manage on our own. Each one of us in
the human family must eventually give us an account, and the assurance of it
points to the need for an appropriate guide.
Reflection:
In the corporate world, fulfilling the duties and responsibilities is one thing that
accountants and other professionals should comply to. It is universally recognized
that markets must function within the law and they must be free from fraud and
deception. These professions may also be understood as intermediaries, working
between the different business parties, and in this role they are also bound by
ethical duty. Congress passed the 2002 Public Accounting Reform and Investor
Security Act, widely referred to as the Sarbanes-Oxley Act, which is applied by the
Securities and Exchange Commission (SEC). By regulating protections against
unethical behavior, Sarbanes-Oxley responded to the scandals. No regulatory "fix" is
ideal since one does not actually foresee each and every lapse in judgement.
However, where regulation has not historically occurred, the act is meant to offer
security. In terms of clear lines of duty and transparency, Sarbanes-Oxley aims to
provide monitoring.
3. Risk management and Internal Controls
“ Do not be anxious about anything, but in everything by prayer and supplication with
thanks giving let your requests be made known to God. And the peace of God, which
surpasses all understanding, will guard your hearts and your minds in Christ Jesus.” –
Philippians 4:6-7
Gospel Reflection:
When everything falls apart and no one stayed, I always knew that He would always
be with me no matter what. All the things that happened to me is always lifted up to
Him both good and bad days. The feeling of opening up all to God is like all of my
burdens past away. He will always guard my heart even in my deepest fear and pain.
It is like there is one that can control in every risk you take. He is so much bigger
than our problems. He is our everything, sometimes we just need to remember what
we should be focusing on, or rather, who.
Reflection:
Studying the risk management and internal control is important because our ability
to manage those uncertainties that matter will have a direct bearing on our ability to
succeed. Even so, the ability to mitigate risk is a strategically important
discriminator, as companies that can successfully detect and manage risk will have
less challenges and failures than their less capable competitors, as risks will have
been prevented or eliminated before they may harm the company. It aslo empowers
businesses with the required capital so that it can better recognise and cope with
possible threats. It is then quick to minimize it after a risk has been identified.
Furthermore, risk management provides a company with a base on which it can
make rational decisions.
4. Corporate Social Responsibility
“ For I know the plans I have for you,” declares the LORD,” plans to prosper you
and not to harm you, plans to give you hope and a future.” – Jeremiah 29:11
Gospel Reflection:
In life, we've all had our ups and downs. As well as happy days, we have had our
greatest challenge. None of these were an accident. These were all planned,
beautifully written in the plan of our lives by God. He always reminds us that He
has greater plans in store for us. In order to be better when another storm of
trials comes our way, he helps us to feel the pain. He allows us to fall down so that
we can pick ourselves up off the ground and continue on as a turning stone for a
new perspective in life. Keep on to the word of God. Whatever suffering, hardship,
and misery you have, entrust all of them to Him. He always has something better
to give and plan for you. Just have courage. And when that comes we gratefully
welcome and be responsible enough to take it.
Reflection:
Being able to evaluate the different models of corporate social responsibility
helps us determine those things that we ought, or should do for the sake of the
society, even if sometimes we would rather not. It is indeed important that the
business works in a manner that reflects social responsibility. Though it is not a
legal requirement, keeping social and environmental problems into consideration
is seen as good practice for all of us. With the different levels of responsibilities
such as ethical responsibilities to do good, responsibility to prevent harm, and
responsibility not to cause harm to others, are just the simple way to practice that
would give benefit not just for the employees but also the corporate’s image and
increase brand awareness and recognition.
