ACCT450-1203B-01 Business and Professional Ethics for Accountants Assignment Name: Unit 2 Discussion Board Deliverable Length: 400–500 words Details: While codes of ethics may provide guidelines for...

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ACCT450-1203B-01 Business and Professional Ethics for Accountants
Assignment Name: Unit 2 Discussion Board
Deliverable Length: 400–500 words
Details: While codes of ethics may provide guidelines for employees, including accountants, these guidelines may not offer the methods to follow for moral reasoning when confronted with ethical issues when performing accounting duties. Alternative models to assist accountants have evolved to assist them in making morally sound judgments.
• Identify and analyze the different moral standards as used by each of the following moral reasoning models:
o the utilitarian model
o the rights model
o the justice model
• Select the one of these 3 recognized basic approaches for moral reasoning that you feel is most appropriate for accountants. Then, do the following:
o Explain how the theory applies to accountants in the deployment of their duties.
o Explain why you think the model you selected is most appropriate for accountants to stay within the realm of ethical behavior. Defend your position with specific examples of different situations that accountants may be faced with, and how your selected model will be appropriate to stay within the realm of ethical behavior in those situations.
• Discuss the process that involves moral standards and the several-step process that you may utilize to make a decision that is morally ethical.
The following grading criteria will apply to this assignment:
Grading Criteria
30% Identify and analyze the different moral standards as used by each of the following moral reasoning models:
o the utilitarian model
o the rights model
o the justice model
30% Select the one of these three recognized basic approaches for moral reasoning that you feel is most appropriate for accountants:
o Explain how it applies to accountants in the deployment of their duties.
o Explain why you think the model you selected is most appropriate for accountants use to stay within the realm of ethical behavior.
30% Discuss the process that involves moral standards and the several-step process that you may utilize to make a decision that is morally ethical.
10% Post a response to the Discussion Board and comment on other postings.
Objective: • Improve oral and written communication skills through class discussions, cases analyses, formal and informal presentations, and group and written assignments
• Understand the importance of ethics on professions such as accounting
Answered Same DayDec 20, 2021

Answer To: ACCT450-1203B-01 Business and Professional Ethics for Accountants Assignment Name: Unit 2 Discussion...

Robert answered on Dec 20 2021
118 Votes
Ethical standards adopted by the employee’s leads to the success of the business. Generally ethics deals with the behavioural aspects of human being. It is always a matter of concern that the decisions made by individuals follow the moral standards or not. It would be difficult to say that an individual can follow methods of moral standard. It was discussed many a times at all the levels, but finally it was drawn out that, the moral standards are up to the discretion of each individuals and every individual looks at it in a different way. While discussing the ethics from point view of an accountant, we may say that ethical standards are very important in business. Business sustainability are dependent on high moral standards. Suppose, if an accountant misrepresents the facts because of certain influence, then it leads the disaster. All the stakeholders have misguided and the facts are mis-presented. This will have a negative impact on the interest of all the stakeholders and finally the organisation has to wind-up it’s establishment. Hence a true and fair...
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