Spiritual Accounting Essay

1787 words - 8 pages

Successful company leaders understand the importance of communicating accurate accounting information and developing a business plan – whether a proprietorship, partnership or corporation. The language of the organization must be clear, or firms risk financial peril as experienced by Enron and WorldCom, or, currently, the 20-year-old multimillion-dollar Farish Street Project in downtown Jackson. These events suggest we should align ourselves with God and become good stewards of our daily blessings. If we neglect our responsibilities and misrepresent ourselves, we will pay a steep price. Job 4:8 tells us that those who sow sin and trouble will reap the same. This Scripture illustrates the ...view middle of the document...

It says a person should not spread a false report. The examples of Enron and Arthur Andersen illustrate that God does not reward wrongdoers even if it may seem some individuals prosper despite not following the teachings of God or failing to embrace his sovereignty.
We often see this among politicians, entertainers and entrepreneurs. For some wealthy people, there is a “disconnect” with the Lord because money is less of an issue. Sadly, the following expression holds true: “If we never had any problems, we would never know that there is a God who can solve them.” Although God is merciful, he shows his anger against evil men who ignore truth. Fortunately, through his infinite wisdom and mighty power, the Lord can lead his wayward sheep back to the flock. James 3:17-18 says the wisdom from heaven is first pure and full of quiet gentleness, then peace-loving and courteous. No amount of money can guarantee perpetual health or financial solvency. A man becomes wise through trust and reverence.
Because stakeholders must be able to assess the viability of a firm, fairness is a basic tenet of accounting. Holt (2010, p. 1) says relevant information helps managers, investors and creditors make intelligent business decisions. This conforms to the teachings in Exodus 23:1-9 that individuals should not engage in false reports. There should be a commitment to truth and honesty, for the Lord detests lies. Taking it a step further, we should have the courage to expose wrongdoing in our professional and spiritual lives. Sherron Watkins, for example, catapulted to fame after blowing the whistle on Enron’s corrupt accounting practices. While the exposure may not have spared people of their life savings or creditors and other stakeholders of their investments, it led to the Sarbanes-Oxley and Dodd-Frank legislative reforms. Jordan, Ross and Westerfield (2011, p. 12) say the intent of these measures was to thwart corporate accounting fraud. John 10:28-29 tells us to have confidence and not fear doing the right thing. Even the son of Bernie Madoff, owner of a New York investment security firm, shed light on the Ponzi scheme concocted by his father, who described the operation as “one big lie.” Another scam of major proportion was one closer to home. WorldCom, formerly headquartered in Clinton and led by Bernie Ebbers, resulted in nearly $4 billion in accounting misstatements. Ignoring Leviticus 19:11, the executives stole from, lied to and defrauded stakeholders.
Analyzing debts, credits: spiritual life and business
As Christians, we must find a balance in our spiritual lives in much the same way that balance sheets, income statements and statements of cash flow should align with Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board (FASB). As believers, we trust that God will direct us to be fair and just in coping with tough situations and difficult people. Regardless of the situation, we must imitate God, who, according to...

Find Another Essay On spiritual accounting

The Path to Registered Nursing Essay

636 words - 3 pages care professionals to be well-educated; “…care needs to be linked to identified patient outcomes; that practice be evidence base; and that providers be accountable for the care provided. Registered nurses, accounting for the largest number of health care providers, must be knowledgeable workers delivering care based on best practice standards” (Delaney & Piscopo, 2007). Having well-trained nurses with the right kinds of skills will benefit to

Environmental Economics: A Short Evaluation of the Monetary Valuation of Ecosystem Goods and Services

885 words - 4 pages pollination; and (iv) “cultural services” - spiritual and recreational benefits. Examples of these services have been articulated by mass media as the way rainforests and wetlands affect global climate systems, or the devastation of codfish populations by overfishing. As human populations grow, so do the resource demands imposed on ecosystems and the impact of our global footprints. We know for certain that without the services provided by the

Communal Stream Pollutiono

1961 words - 8 pages paper, but in real time these affects often ‘spillover’ to third parties. Economics tells us that feeling only the benefits, we will overindulge and feeling only the costs, we will under indulge. More often than not however, ‘perpetrators’ reap the benefits without fully accounting for the costs. They do so because either there are not enough incentives or enough penalties to merit any change in the behaviors that pollute the communal stream

Management of Chronic Pain

1753 words - 8 pages described as acute or chronic pain. The prevalence of chronic pain (CP) is higher than of acute of pain, as it affects 7.8 million people of all ages in the UK (Chronic Pain Policy Coalition., 2006). The current leading cause of mortality that is accounting for 60% of all deaths is due to chronic diseases and is also a problem as causes an increasing burden on the health care service (World Health Organisation., 2007). CP can affect a person’s

Management Accounting from an Islamic prespective

4033 words - 16 pages conveyed to the people through the Prophet (s.a.w). Through such divine guidance, the Prophet (s.a.w) himself became one of the finest example that human can ever see.The aim of this paper is to explore the relationship between management accounting and the Islamic concepts. The Islamic concepts discussed will be taken from Quran, sunnah and opinions from Islamic scholars. Several views, such as the process of decision making, ethics during

qRQWERQWR

905 words - 4 pages (Hierarchical vs. Individualistic/egalitarian) • Islam - Favors market-based systems -property rights, exchange and trade - No church/state separation - Egalitarian and traditionally tolerant of religious minorities - No payment or receipt of interest Religion and Economic Implications • Hinduism - Asceticism, spiritual, focus on the afterlife - Caste system plays a role - Limited social and occupational mobility • Buddhism - Little emphasis

Unintended Misinterpretations

1823 words - 8 pages for the historian. One might argue that this issue is specific to ancient figures as Jesus, but does not really apply to modern spiritual personalities. However, it can easily be shown that recent sources can also be lost, set aside or even manipulated when they do not fit in with the holy paradigm of followers or co-religionists. For instance, the figure of Regina Jonas, the first woman to be ordained as Rabbi (in 1935), was almost forgotten

Faith Community Hospital

1744 words - 7 pages statement and the lack of standard operating procedures of Faith Community Hospital. The second problem area is the lack of sustained income. Without income, the hospital will not survive.Faith Community Hospital's Mission Statement"With the foundation and commitment of our spiritual heritage and values, our mission is to promote the health and well-being of the people in the communities we serve through a comprehensive continuum of services

Justine And Tales Of Burning Love

1421 words - 6 pages marrying Dot, his fifth wife, was for her to do his company's accounting. Mauser used love only on a physical level so he could make Dot believe that Jack was in love with her. Dot thought their love was both physical and spiritual. She realized the truth about their marriage when she found out about Mauser's first four wives by Eleanor, wife number two. Without Mauser's honesty about his past, Dot saw that their love were not on the same level

An Investigation of Art in the Age of Mechanical Duplication

1000 words - 4 pages Introduction Accounting for the fact that an essay is contrived with purpose and intent of reading a written article on paper, a poster on the other hand is contrived with the purpose and intent to be placed on the wall for clear and easy visualization. Consequently posters are not to include large amount of text in order to get their points across to viewers. They need to be well succinct and well organised to get their message across to

Overcoming Identity Confusion in Adulthood

2146 words - 9 pages and caused me to have many different jobs that I did for money, not for career experience My future goals have stemmed from becoming recently self employed, and realizing my love for accounting, and having time to make my own decisions and realizing my true interests and talents. Ever since I was a little kid of about 6 years old, I was left to myself. My parents worked very hard during the week and partied and often went to bars every night and

Similar Essays

Affects Of Spiritual Healing On The Brain

2480 words - 10 pages ? The explanation may be uncovered in the very nature of our intellect, in the neurological design of our brains. Our brains may perhaps, in point of fact, be naturally adjusted to spirituality. Whilst recognizing that neuroscience cannot disentangle the puzzle that continuously entrances the human consciousness did God build our minds or did our minds create God? In a comprehension of the divine presence for instantaneous spiritual advantage one

Defining The Ideal In Plato's The Republic

763 words - 3 pages materialistic world.  But, even after accounting for his opposition to the arts, his quest to define the ideal can exceptionally beneficial to the understanding of the theater.  Only through an exploration of these definitions of the ideal can one hope to understand them, and, more importantly, redefine them in the hope to create a new understanding of the medium and to move one step closer to perfection.      &nbsp

Eckhart Tolle: Awakening To Your Life´S Purpose

1510 words - 6 pages lives between the unsatisfying past and the fearful future, collapsed. It dissolved. The next morning I woke up and everything was so peaceful. The peace was there because there was no self." [2] This epiphany is the foundation of the principles of which he's gone on to write about. He then began work as a counselor and spiritual teacher for a few years, before his final move to Vancouver, British Columbia. Eckhart Tolle published his first book

Personal Statement Essay

611 words - 3 pages agricultural, community, cultural and spiritual needs. Both the Grand Ronde and Guatemalan communities’ ability to create shared visions impressed and inspired me. They were able to incorporate young and old members’ values and knowledge, within the confines of an already established management structure. I would like to continue to research the intersection of culture and ecology in my graduate studies at F&ES’ MEM. The Community-Based Natural