ETHICS IN ACCOUNTING
Mendhala Lama Gurung
What is ETHICS?
-All about making right choices and
producing good behavior
What is ETHICS in ACCOUNTING?
-Being responsible enough to behave
as a TRUSTWORTHY accountant.
ETHICS IN ACCOUNTING
To provide true knowledge of the
financial transactions taking place.
To ensure correct decision making
WHAT IS AN ETHICAL DILEMMA?
-A situation where it is difficult to choose
between the equivalent choices.
WHAT IS ETHICAL DILEMMA IN
-Refers to when the usual accounting
processes don’t resolve an accounting issue.
MORAL AND SOCIAL
CONTEXT OF ETHICAL
• All decisions have a social and
moral side to it
• They will affect some or all
PROCESS OF MAKING AN
• Identify the
• Clash in
GAAP to follow
• Evaluate the key
elements of the
• Analyze the
impact of different
alternatives on the
• Select the most
the aspects and
The work of an accountant is anything
Subjective decisions need to be made
Have a serious responsibility
Hence called as professionals
The accounting profession is collectively, the
professional bodies of accountants that establish &
regulate trainings, entry standard & professional
examinations as well as ethical & technical rules &
EMPLOYMENT BY PRIVATE
Accountants perform a number of important functions
for private organizations. The controller, the treasurer
& the director of internal auditing directly reports to
the chief financial officer.
Director of Internal
EMPLOYMENT BY NONBUSINESS ENTITIES
A need for accountants in non-business organizations,
such as hospitals, universities, and various branches of
Earning profit is not the main motive, but they must
have financial information to operate efficiently
The works for an accountant in a non-business entity
and business entities are mostly similar
EMPLOYMENT IN PUBLIC
• Public accounting firms are the firms of
• Public accountants are also known as
• Main task- Ensuring the fair presentation
of the financial statements.
SOME PUBLIC ACCOUNTING
Increase, in the demand of Accountants.
From two years of community colleges to
American Accounting Association
ACCOUNTING AS A CAREER
Different career paths.
Salaries depends upon various factors.
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