Response to Coments on DQ1 Hunt and DQ2 Smith Essay

Response to Coments on DQ1 Hunt and DQ2 Smith - Essay Example The majority of accountants have a very high sense of moral and ethical standards. â€Å"Ethics in accounting is of the utmost importance to the accounting professional and those who rely on their services (Enotes, 2011). The academic community should stress more the importance of ethics in business. All courses should teach applications of business ethics in relation to the material being taught. DQ2 In your response you mentioned that investors use financial information to make decisions whether to buy or sell stocks. Common stocks are a very common type of investment, but there are other financial instruments that are traded on the open marketplace. In the money market corporate bonds are often sold by corporations in order to raise money. There are other instruments such as mutual funds which reduce the overall risk associated with the investment. It is true that both investors and creditors need financial information, but I believe that this information is more important for le nders than for investors. Lenders deal with billions of dollars in debt. In the recent global financial crisis we saw how volatile the financial system can be. The banks in the United States received the largest governmental bailout in the United States history. On October 2008 the US Senate passed a $700 billion bank bailout package (Amadeo, 2011). References Amadeo, K. (2011).