Week2_LectureNotes - Accounting LectureNotes Chapter1,2,3...

Info icon This preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
Ethics and Professionalism in  Ethics and Professionalism in  Accounting Accounting Lecture Notes Lecture Notes Chapter 1, 2, 3 Chapter 1, 2, 3
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Professionalism & Morality Is it a moral obligation to be as professional as possible in one’s  work? Is it a mark of professionalism to act morally? Or, do professionalism and morality have nothing to do with  each other? Does morality sometimes demand unprofessional conduct? Must one ever violate the standards of professionalism in the  name of something more important? 2
Image of page 2
Chapter 1 3 What is a Profession? Narrow definition: limits professions to learned  professions:  medicine, law, architecture and the ministry Broad definition: virtually all occupations More common definition: learned professions, scholars,  teachers, engineers, scientists, accountants, business  specialists, journalists, government officials
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 1 4 What is a Profession? A profession serves the general welfare in a complex  society. The general welfare can be achieved only by  assigning the responsibility for special aspects of the  welfare of particular groups to specialized experts. IF “patron loyalty takes priority over public interest .... the stream of professional practice” will be polluted.
Image of page 4
Chapter 1 5 What is ethics? Refers to ideals and aspirations as well as rules of  conduct Concern is not with rules, but with the outlook, the  conception of mission and the responsibility they reflect Comprehensive norms that generate rules or concrete  objectives or modes of being
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 1 6 Importance of Professional  Ethics Professionals occupy a strategic position in modern  society shape our ideas make decisions that affect large numbers of people without  their consent or knowledge services are highly valued service the major economic, political, and cultural institutions  of industrial society
Image of page 6
Chapter 1 7 Ethical dilemmas Professionals face ethical dilemmas How they resolve these dilemmas determine the moral quality of their lives the welfare of those affected by their action
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 2-Ethical Premises 8 Basic Ethical Premise On any occasion, one ought to perform that act  which, on reasonable reflection, promises to  maximize benefits for the moral community and  distribute them fairly Focus is on the personal responsibility to attend to  the character and consequences of his/her individual  actions
Image of page 8
Three Primary Philosophies of  Ethics Deontological: focus on absolute obligations that 
Image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern