Ethics in Cost Accounting

Instructor’s Manual

CHAPTER Ethics in Cost

TWO Accounting

History shows that where ethics and economics come in conflict, victory is always with economics.
B. R. Ambedkar

Learning Outcomes
The study of this chapter should enable students to:
 explain the development, philosophy, theory, principles and rationale of ethics
 describe the role of ethics in cost accounting
 discuss the interrelationships, influences and issues of ethics

Instructor’s Focus
❏ Introduce, describe and explain ethics.
❏ Discuss:
¤ ethical issues and how to address them;
¤ influence of religion on the development of ethics;
¤ influence of the Greek philosopher s on the development of ethics;
¤ other developments in ethics, and
¤ ethics in Islam.
❏ Introduce, discuss and explain ethics in cost accounting and ethical issues in cost accounting.
❏ Conclude by introducing and describing code of ethics and those that are in use by professional
bodies and corporations.
❏ End with answering the questions.