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  • Introduction To Ethics Notes

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    This document provides an overview of ethical theories and accounting scandals. It discusses three main branches of ethics: 1) Normative ethics, which examines what should be considered right or wrong and approaches like utilitarianism, deontology, and virtue ethics. 2) Metaethics, which studies the meaning and foundation of "right" and "good". 3) Applied ethics, which applies normative rules to controversial issues like accounting, business, and computer ethics. It also briefly summarizes the Enron and Wirecard accounting scandals and emphasizes the importance of ethics for accountants regarding their technical skills, professional competence, values, and role in the profession.

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    Definition, branches, and theories of Ethics and their relation to Accounting

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    Introduction to Ethics notes

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    This document provides an overview of ethical theories and accounting scandals. It discusses three main branches of ethics: 1) Normative ethics, which examines what should be considered right or wrong and approaches like utilitarianism, deontology, and virtue ethics. 2) Metaethics, which studies the meaning and foundation of "right" and "good". 3) Applied ethics, which applies normative rules to controversial issues like accounting, business, and computer ethics. It also briefly summarizes the Enron and Wirecard accounting scandals and emphasizes the importance of ethics for accountants regarding their technical skills, professional competence, values, and role in the profession.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    24 views1 page

    Introduction To Ethics Notes

    Uploaded by

    Cha
    This document provides an overview of ethical theories and accounting scandals. It discusses three main branches of ethics: 1) Normative ethics, which examines what should be considered right or wrong and approaches like utilitarianism, deontology, and virtue ethics. 2) Metaethics, which studies the meaning and foundation of "right" and "good". 3) Applied ethics, which applies normative rules to controversial issues like accounting, business, and computer ethics. It also briefly summarizes the Enron and Wirecard accounting scandals and emphasizes the importance of ethics for accountants regarding their technical skills, professional competence, values, and role in the profession.

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    of 1

    Into to ethics --- ETHICAL THEORIES (normative)

    Accounting Scandals: Then & Now 1. Utilitarianism: util use


    *Enron - grand scheme of fraudulent financial - Teological (based on outcome
    reporting result)
    - After; ppl shock gave accountants - Ethical = most benefit to most # of
    very bad name bc didn’t adhere to ppl
    code of ethics - Types: rule utilitarianism: General
    *Wirecard – german financial technology rule (ex. Lying, paying tax)
    - ph banks involved (denied) Act utilitarianism : case to
    case
    Ethics concerned not only personal—acounting -cons: difficult to apply
    ethics 2. Deontology: ethical = in line w
    duty/obligation
    ETHICS: branch of philosophy; 3. Virtue: ethical = in line w good char
    define/develop/defend notions of right & - Focus on agent’s virtue/char
    wrong
    - Ethos; moralis (customs) /character
    - we behave what we think Accounting metaphors
    *personal ethics – personal notion of r&w Accountants & Ethics
    BRANCHES OF ETHICS Study>pass>practice
    1. Normative: norm what should be r/w
    - What good action should u take? is Technical skills – head
    the right conduct/decision? Professional competence – hand
    (shutdown or not?) Prof values, ethics, & attitude -
    - The rules What role ethics play in accountants? Soul &
    - Dilemma: what is r/w heart of our profession. Fundamental.
    - APPROACHES: (focused on)
    a. outcome based prof skepticism : combi of critical assemnet &
    b. person/agent ONLY(own questioning mind
    values/char/virtue) Prof judgement: eval reasonable alts
    c. relationship agent has w sh What are the key prof areas u must be good at
    etc (duties of agent) as an accountant?
    2. Metaethics: meta higher order
    - What do we mean by “right/good”?
    - Wdym by good
    - The foundation/definition of rules
    - euthyphro dilemma: is it good in
    itself/inherent? Or is it good bc it is
    loved by god (state)
    3. Applied: applying normative rules on
    controversial issues
    - Approaches: bio, accounting,
    computer, business ethics

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