Você está na página 1de 9

I.

03 CONTENT NOTES
I. Ethics is the study of right and wrong and how people choose what is morally good
and bad. Business ethics refers to how a company uses a code of conduct, which
is designed to encourage ideal behavior when reaching decisions.
A. Three-step checklist for making ethical decisions
1. Is the action legal?
2. Does the action violate company code of conduct or professional
standards?
3. Who is affected by this decision and how?
B. Key principles for ethics in accounting
1. Integrity
2. Objectivity
3. Independence
4. Competence
5. Confidentiality

II. Skills
A. 21st Century Skills – Learning skills desired for the marketplace
1. Information and communication skills
2. Thinking and problem-solving skills
3. Interpersonal and self-directional skills
B. Workplace skills – Skills directly related to employment
1. Resources
2. Information
3. Systems
4. Interpersonal skills
5. Technology
C. Foundation skills – Personal qualities such as responsibility, integrity, and
character
1. Basic skills
2. Thinking skills

KEY TERMS

Ethics Terms
 Ethics
 Business ethics
 Code of conduct
Skills Terms
 21st Century Skills
 Workplace skills
 Foundation skills
1.03 What Is Your Definition of the Term Ethics?
In each scroll, write your definition of ethics as it relates to the area of life indicated in
the upper left corner of the scroll.

Personal life

School life

Political life

6311 Accounting I Summer 2010, Version 2 Page 42


1.03 Understanding Ethics
Ethics Needed for Employment in Accounting

Ethics:

Business ethics:

Organizations That Provide Guidelines for Making Ethical Decisions

6311 Accounting I Summer 2010, Version 2 Page 43


1.03 Understanding Ethics – Page 2
Ethics Needed for Employment in Accounting

Key Principles For Ethics in Accounting

Integrity:

Objectivity:

Independence:

Competence:

Confidentiality:

6311 Accounting I Summer 2010, Version 2 Page 44


1.03 Understanding Ethics
Ethics Needed for Employment in Accounting

Ethics:
The study of right and wrong and how people choose what is morally good and
bad.

Business ethics:
Refers to how a company uses a code of conduct, which is designed to
encourage ideal behavior when making decisions.

Organizations That Provide Guidelines for Making Ethical Decisions

AICPA
IMA
American
Institute of Institute of
Certified Management
Public Accountants
Accountants

IIA

Institute of
Internal
Auditors

6311 Accounting I Summer 2010, Version 2 Page 45


1.03 Understanding Ethics – Page 2
Ethics ANeeded for Employment in Accounting

Key Principles For Ethics in Accounting

Integrity:
 Accountants must choose between right and wrong.
 Accountants are responsible for entering correct entries.
 Accountants are responsible for true and correct financial statements.
 Integrity is necessary for accountants to build trust in regards to their
professional judgments.

Objectivity:
 Accountants must be:
o Impartial
o Honest
o Free of personal conflicts
 Accountants must not be influenced by personal interests.
 Accountants should behave in a way that does not suggest
inappropriateness.

Independence:
 Accountants do not have an interest or profit financially from the
companies they audit.
 Accountants must have the public’s confidence in their professional
services.

Competence:
 Accountants should be knowledgeable in their profession.
 Accountants must have the skills necessary to perform their jobs.
 Accountants must have experience in their field.
 Accountants are expected to keep abreast of current laws by continuing
education classes.

Confidentiality:
 Accountants must not share private information regarding their clients.
 Accountants are expected to protect personal and private information
regarding their clients.
 An accountant should not use information learned for personal gain.

6311 Accounting I Summer 2010, Version 2 Page 46


6311 Accounting I Summer 2010, Version 2 Page 47
1.03 Accounting Workplace Skills

21st Century Skills:

Workplace skills:

Foundation skills:

6311 Accounting I Summer 2010, Version 2 Page 48


1.03 Accounting Workplace Skills

21st Century Skills: Learning skills desired for the marketplace

 Information and Communication Skills


o Information and media literacy skills
o Communication skills
 Thinking and Problem-Solving Skills
o Critical thinking and systems thinking
o Problem identification formulation and solution skills
o Creativity and intellectual curiosity
 Interpersonal and Self-Directional Skills
o Interpersonal and collaborative skills
o Self-direction
o Accountability and adaptability
o Social responsibility

Workplace skills: Skills directly related to employment

 Resources
 Information
 Systems
 Interpersonal skills
 Technology

Foundation skills: Personal qualities such as responsibility, integrity, and


character

 Basic Skills
 Thinking Skills

6311 Accounting I Summer 2010, Version 2 Page 49