KU library Essay Example | Topics and Well Written Essays - 250 words

KU library - Essay ExampleThis paper seeks to pinpoint how the practices of variance break and setting of high-performance standards whitethorn takings in ethical issues given that both have served as sources of accounting information and tools for management pick up systems.Fluctuations in variances such as make up, production and price sine qua non to be controlled since these have a direct effect on the product or service timberland attained. Cost control entails the identification of the standard equal of output attained (Malmi & Brown, 2008). Ethical issues arise when cost control is not achieved through the comparison of the total standard cost with total actual cost hence, needs to be traced to the responsible managers and tasked for the outcome of the failed cost controls. Whenever there are huge deviations between the be aspects, quality of products or services offered will be affected since the management may tend to quit the prices charged too (Kaynak, 2003).Maint enance of high-performance standards may result in ethical issues in that it would result in the production of high-quality goods and services. However, this may be at a high cost, which in return may result in raising of prices that may subject the management to ethical wars by quality control bodies and consumer confederations. In the process, managers will be required to provide accurate representations of the production and quality processes. This will be in consideration of the application of variances as accounting information for the management control tool (Malmi & Brown,