Professional Ethics

Professional Ethics

Through this module, I have encountered various concepts of making ethical decisions based on different theories. After the module, I am confident I can become a good accountant because I know how to make my decisions. I have learnt about the rule-based decision making and principle-based decision making. Before this module, it would have been difficult for me to differentiate the two because there is a very thin line between them. However, I understand that in the accounting profession, professionals are required to use the principle-based concept.

Among the many lessons I have learnt through this module, learning about the fundamental principles of accounting is the greatest lesson and will guide career and make me a better accountant. Those who have not encountered this module may not realize the importance of confidentiality, integrity, objectivity and professional competence. I have learnt that these principles form the basis upon which the accounting profession is built. Failure to respect confidentiality would lead to loss of confidence by clients about accountants. Objectivity allows accountants to focus on facts in their decision making, which lead to quality decisions (Jeffrey, 2005). Integrity helps accountants to be honest in their work so that the decisions they make can be relied upon by others. Professional competence allows accountants to take up only those tasks they are qualified to carry out, which ensures high quality outcomes for clients. Therefore, learning about professional ethics will help me to carry out by duties as an accountant using high moral standards.

 

 

Reference

Jeffrey, C. (2005). Research on Professional Responsibility and Ethics in Accounting. New York: John Wiley & Sons.

 

 

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