Media Ethics Essay Example | Topics and Well Written Essays - 1500 words

Media Ethics - Essay Example For Kant, principles of reason or a system of clear-cut needs is where morality is rooted in since every individual has the ability to reason. No matter what culture or society a person belongs to, these needs apply. Per Kant, every individual has an obligation to discern what the right conduct is in a given situation by exercising his mind. As much as an action's universal and logical application, the ultimate arbiter of correctness are not necessarily the consequences of one's actions. Per Kant, sense of duty requires every person to acknowledge another person's rights. This also asserts that the general satisfaction of many people cannot overshadow moral claims (Solomon, 127-129). Utilitarianism, on the other hand, asserts that the greatest good for the greatest number is the utmost legacy (Christians, Ferre, and Fackler, 11-13). It is totally contradictory to Kant's ethics model. It maintains that every person should have the consideration to act for his own benefit if it will also benefit the society as a whole. In pluralism, acknowledging the opposing ethical principles present in a diverse world is the ethics model. These competing ethics principles are called duties (Patterson and Wilkins, 12). These duties can be identified as not causing harm to other people, personal development, beneficence, integrity, appreciation, and loyalty. This vivid viewpoint for reflecting the every day challenges numerous professionals deal with and for acknowledging the several roles various individuals bear is praised. An individual recognition of the distinction between duty proper and prima facie duties is required in this ethics model. Duty proper involves particular awareness for the introduction of new or unusual situations and challenges while prima facie duties can be taken as daily responsibilities each person decides to advocate. Putting social justice at the core of its guiding principle is the communitarianism ethics model (Patterson and Wilkins, 14). As component of the human condition, it maintains that every person should be sensitive to the corollaries of their behaviors both worldwide and within a society (Christians, Ferre, and Fackler, 14). This ethics model highlights the dynamic relationship among social, financial, judicial, and biological systems and centers on the interdependence of people. Experts state that it is a framework exceptionally relevant in assessing the function and operation of the media in society. It increases the combined achievements that the media and their Surname 3 organizations have and silences the rivalry among media organizations in the society (Patterson and Wilkins, 15). 2. An example case study of information ethics is in chapter 2 of the Media Ethics book entitled "The New York Times vs. Wen Ho Lee." It is all about responsibility in gathering of information, biases, and political agenda. The investigative reporters failed to gather sufficient information that would allow them to weigh any possible biases that may be intentionally or unintentionally included in the reports. Also, political contexts that may have possibly hindered obtaining the actual and complete facts were not thoroughly investigated. It was a major blunder on the side of the publication at the expense of the "victim." They reported a major case against a Chinese-American without a thorough and independent investigation on their end. Their

Revenue Recognition Assignment Example | Topics and Well Written Essays - 250 words

Revenue Recognition - Assignment Example International Financial Reporting Standards don’t have many requirements on revenue recognition. IAS 18 and IAS 11 are international accounting standards that focus on revenue and construction contracts respectively. The standards are difficult to understand and application in a situation. They provide minimal guidance concerning revenue recognition used for multiple arrangements. FASB and IASB has set new accounting rules designed to assist converge global standards. The current and proposed standards will change how companies in the United States recognize their revenue on their financial and statements (http://www.fasb.org/intl/convergence_iasb.shtml). The proposed standards will have some different effects on various companies. The effects may include changes in the amount of deliverables of the contract. The standards will affect the manner in which revenue is allocated to different deliverables. These changes affect key financial measures for companies in the United States (http://www.ifrs.org/News/Press-Releases/Pages/leases-exposure-draft-August-2010.asp). Companies in the software’s industry have specific guidance that enables them to run efficiently. Proposed standards provide software’s companies with an opportunity to develop their company with regard to the management and control of their financial statements. Companies will find it hard to market their products in a sensible manner to the company and get a positive reflection in the financial statements (http://proleasesoftware.com/fasb-lease-accounting). Financial Accounting Standards Board in conjunction with IASB is going to develop new accounting standards on the recognition of revenue from contracts. They are attempting to converge financial standards to create a single standard that will apply across various industries. The action will improve revenue recognition rules and replace industry specific practices that are difficult to sustain. The main aim of