ETHICS, PROFESSION, PROBLEM SOLVING (CPD). ACCA Behavior, Choosing Competency Confidentiality, Continuing Development Ethics Firstly, However, However,ACCA Institution Integrity, Objectivity, PROBLEM
ETHICS, PROFESSION, PROBLEM SOLVING (CPD). ACCA Behavior, Choosing Competency Confidentiality, Continuing Development Ethics Firstly, However, However,ACCA Institution Integrity, Objectivity, PROBLEM
(CPD). ACCA Behavior, Choosing Competency Confidentiality, Continuing Development Ethics Firstly, However, However,ACCA Institution Integrity, Objectivity, PROBLEM PROFESSION, Principle-based Professional Ruled-based SOLVING Secondly, Study The There Thirdly, This a abide about accountant accountant. achieved adopt advantage. all also and approach appropriate approval are as authority. based be behave behave- behavior best bring business by can care, choose client community community, competency competent consequence consequences date decision disclosed do don't dos due e.t.c estimates etc. ethical ethics facts fine five following for four from gain, group guides how imprisonment in influence information interest into is its judgement keeping knowledge loss make means members misleading name necessary negative not obtain obtained of on one oneETHICS, only or order party perform person personal present principle principles problem. problems: profession professional providing put recommend regulations represent reputation, requires result right. rules service shame. should six solve solving stakeholders study such tell that that, the these they third this three to truth two unless up users very ways well well, well,abide what when which who wider will with words, work work. wrong
ETHICS, PROFESSION, PROBLEM SOLVING
Ethics is the study of how to behave- in order words, the dos and don't on a professional accountant. The study of ethics is very necessary as its guides the professional accountant to choose or make a decision on what is wrong and right. Choosing a wrong decision can result in a negative consequence such as loss of reputation, imprisonment fine etc. There are two ways to solve ethical problems: these are Ruled-based and the Principle-based
However, ACCA recommend its members to adopt the principle based approach in solving a business problem. The following are the five principles which ACCA requires its members to adopt Firstly, Integrity, this requires members to tell the truth or not to present a misleading information to users Secondly, Objectivity, professional estimates and judgement should be based on facts and on what represent the best interest of stakeholders and wider community and not to in the interest of the