Careers in

accounting and
accounting ethics
Created and presented by Miss Williams
Types of traditional Accounting
• Bookkeeper
• Accounts Clerk
• Auditing Clerk
• Accounts Payable
• Accounts Receivable
• Accounting Assistant
• Payroll Clerk
• Accountant
Emerging careers in Accounting
• Fraud fighting and forensic services
• IT auditors
• Financial analysts
• Consultants
 Accounting Ethics
A distinguishing mark of the accountancy profession is its acceptance of
the responsibility to act in the public interest. In acting in the public
interest, a professional accountant should observe and comply with the
ethical requirements of this Code. A professional accountant is required to
comply with the following fundamental principles.
 The Fundamental Principles

• Integrity
• Objectivity
• Professional Competence and Due Care
• Confidentiality
• Professional Behavior
 The Fundamental Principles Cont’d
• Integrity – A professional accountant should be straightforward and honest
in all professional and business relationships.
• Objectivity – A professional accountant should not allow bias, conflict of
interest or undue influence of others to override professional or business
judgments.
• Professional Competence and Due Care – A professional accountant has a
continuing duty to maintain professional knowledge and skill at the level
required to ensure that a client or employer receives competent professional
service based on current developments in practice, legislation and
techniques. A professional accountant should act diligently and in
accordance with applicable technical and professional standards when
providing professional services.
 The Fundamental Principles Cont’d
• Confidentiality – A professional accountant should respect the
confidentiality of information acquired as a result of professional and
business relationships and should not disclose any such information to
third parties without proper and specific authority unless there is a
legal or professional right or duty to disclose. Confidential information
acquired as a result of professional and business relationships should
not be used for the personal advantage of the professional accountant
or third parties.
• Professional Behavior – A professional accountant should comply with
relevant laws and regulations and should avoid any action that
discredits the profession.
 appropriate application of the
ethical principles.
• The application of the principles by accountants ensures that financial
statements are both informative and reliable. It ensures that common
practices and conventions are followed, and that the common rules
and procedures are complied with. This observance of accounting
principles has helped developed a widely understood grammar and
vocabulary for recording financial statements. However, it should be
said that just as there may be variations in the usage of a language by
two people living in two continents, there may be minor differences in
the application of accounting rules and procedures depending on the
accountant.
 inappropriate application of the
ethical principles.
• Companies may choose to act unethically in the business environment.
Business owners may determine that unethical behavior is not
necessarily illegal, a logic that creates a gray-shaded area in business.
Managerial accountants constantly may push ethical limits when
recording and reporting financial information. Companies should
provide detailed explanations to those conducting external audits
regarding questionable accounting procedures to ensure adherence to
IMA standards of practice.
 Results of inappropriate application of
accounting principles.
• Accountants who fail to abide by the IMA's accounting ethical code face
a variety of punishments. Accountants may lose their professional
certification, be removed from accounting positions and face legal
penalties depending on their inappropriate actions. Managerial
accountants who do not disclose inappropriate accounting operations
in their company also can be held liable. Maintaining the general
public's trust in companies is a primary responsibility of managerial
accountants.
THE END
Have a great day, remember to
study.