Ethics And The Historical Importance Of Ethics In Accounting
The purpose of this research is to make emphasis on how important is in accounting to have Ethics. This will be a qualitative research since it will be descriptive about ethics in accounting.
Ethic is a term that refers to a moral system, and code that provides criteria evaluation. An ethical dilemma describes when an individual or group experiment by testing their own ethics. Many of these dilemmas are easily to be identified and resolved. For example, by calling your boss when falsely claiming to be ill is a temptation that will risk your personal ethics.
As an Accountant, it is extremely important to be an ethical person; this would help the position to be more exclusive and help gain the trust of clients, employees and with the general public. By not considering ethics, it could affect the resources that are allocated for the economy. Accountants are extremely dependable because of their professionalism and knowledge of ethical codes.
There are two types of accountants, a ‘Public accountant’ who provides professional services such as taxation service and …show more content…
The study of accounting theory involves a review of both the historical foundations of accounting practices, as well as the way in which accounting practicesare changed and added to the regulatory framework that governs financial statementes and financial reporting. All theories of accounting are bound by the conceptual framework of accounting. This framework is provided by the Financial Accounting Standards Board and works to outline and establish the key objectives of financial reporting by businesses, both public and private. Further, accounting theory can be thought of as the logical reasoning that helps evaluate and guide accounting practices. Accounting theory, as regulatory standards evolve, also helps develop new accounting practices and