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chapter 3 -- end of chapter activities answer key

chapter 3 -- end of chapter activities answer key -...

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Accounting Information Systems (AIS) – End of Chapter Activities – Chapter #3 Professionalism & Ethics End of Chapter Activities 1. Reading review questions a. List and discuss ten characteristics of a professional and / or professional behavior. Where possible, include a specific example of each characteristic from your own experience as a student. Students may fall back on Bell’s list of seven items discussed in the chapter as a start: communicates effectively; thinks rationally, logically and coherently; appropriately uses technical knowledge; integrates knowledge from many disciplines; exhibits ethical professional behavior; recognizes the influence of political, social, economic, legal and regulatory forces; actively seeks additional knowledge. They might also consider McDonald’s four criteria: specialized knowledge base, complex skills, autonomy of practice and adherence to a code of ethical behavior. However, the best responses to this question will demonstrate students’ ability to think beyond those lists. Other items might include (but are certainly not limited to): contributes to the community, demonstrates good research skills, uses information technology appropriately and actively participates in professional organizations. b. Define “ethics.” Explain why ethics is so important in the accounting profession . In an accounting context, ethics refers to the behavioral codes and norms that govern decision making and communication within and outside the profession. Ethics are particularly important in accounting because of the trust the public places in accountants, and because accounting is not a black-and-white discipline. c. Compare and contrast the ethical codes of the AICPA, IMA and ACFE . Similarities in the codes include their focus on the behavior of accountants, their inclusion in accounting professional exams and their broad applicability in a variety of organizational contexts. Differences include the specific behaviors and situations addressed, as well as the organizational structure of each code.
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