Topic > spiritual accounting - 1454

Successful business leaders understand the importance of communicating accurate accounting information and developing a business plan, whether for an estate, partnership, or corporation. The organization's language must be clear, or companies risk financial risks as experienced by Enron and WorldCom, or, currently, the 20-year, multimillion-dollar Farish Street project in downtown Jackson. These events suggest that 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 high price. Job 4:8 tells us that those who sow sin and trouble will reap the same. This Scripture illustrates the consequences of the corruption of CEO Ken Lay and his Enron Corporation. Despite Leviticus 19:11, which says we must not steal, lie, or defraud, the energy giant disintegrated in one of the worst accounting scandals in U.S. history. Lay's death, a few months before the sentence, worsened the tragedy. Business Accounting, Spiritual Lives, Scams Although the final price for our earthly sins may be death, II Corinthians 5:10 says we must still stand before God and be judged to receive fair treatment for all. the things we have done – good and bad. This suggests that our souls are at stake. There are other cases of inappropriate corporate behavior and consequences that affect our spiritual lives. After abandoning its standards, Arthur Andersen's accounting firm began to crumble following the Enron disaster. His accusation, along with numerous other riots at Enron, led to Andersen's death. Ivancevich, Konopaske, Matteson (2011, pp. 419-420) state that explanations for unethical behavior include: 1) pressure to perform well; 2) imitate others... middle of paper... our Redeemer, who is responsible for the credits on our balance sheets that elevate our businesses and spiritual life. So, mutually, we should voluntarily magnify our relationship with God. Works Cited Cathead. (2013). Over $21 million spent on Farish Street revitalization. [Web log post]. Retrieved from http://kingfish1935.blogspot.com/2012/06/over-21-million-spent-on-farish-street.htmlHolt, R.N. (2010). Financial accounting: a management perspective. (XVII edition) Manquin, Virginia. IvySoftware. Holy Bible – New living translation. (2007). Tyndale House Foundation. Ivancevich, J. M., Konopaske, R., & Matteson, M. T. (2011). Organizational behavior and management. New York, New York: McGraw Hill. ISBN: 978-0-07-353050-5Jordan, B. D., Ross, S. A., & Westerfield, R. W. (2011). Business finance essentials. New York, New York: McGraw Hill. ISBN: 978-0-07-338246-3