Question

Analyze the words of the Lord Jesus in this set of assigned biblical passages. Luke 12:42-48, Luke 14:28, and Luke 16:1-13 How do these passages apply to accounting practices and the administration of financial resources? Why is accountability necessary when administering financial resources?

Answer 1

These passages are very much realated to the accounting practices and the administration of financial resources. The passages clearly specifies how a manger should be and the responsibilities of a good mananger. A manager should build a good trust relationship with his owner. He should be loyal towards his work and the owner of the company. A manager will be assigned with more more possesions and duties when he is found to be faithfull in his work. If he is not found faithfull in his work, then his position and privilages will be assigned to an another faithfull manager. The owner will appoint a new faithfull manager instead of the irresponsible manager. He should be prepared to do all the duties assigned to him or else he will be fired from the firm. The one who knowingly missuse his authority in a firm, he will be seriously questioned and will be deemed to answer for his misconduct. If he performs his mistakes unknowingly, then he will be given little consideration. A good manager should estimate everything before starting his work. A shrewd manager is liable to answer for his works or misconduct. A manager should give all the accounts of the management to the owner whenever he is asked to. No one can serve two masters. In accounting, no manager is allowed to work for two companies. A manager who is trusted with little things will be trusted with much positions and a manager who is dishonest with little things will be dishonest with much.

An entrepreneur should secure sufficient accounting resources in order to operate efficiently and successfully. Financial accounting is necessary for the administration of financial resourses. Financial resources are well adminsterded by keeping financial records.