The financial scandals of recent years have highlighted the importance of ethical behavior in the accounting profession. This course covers the elements necessary to make proper ethical decisions by first understanding and defining what ethics are and then identifying the questions that need to be asked in everyday business practices. Specific accounting ethical standards are explored, including the unique role of the accountant both as "advisor" to his/her client and the role of "reporter" of financial information to the marketplace and governmental agencies.
After successfully completing the course students will be able to:
- Understand how a commitment to ethics can enable accounting professionals meet their ethical obligations to investors and creditors
- Define an integrated ethical framework built on ethical reasoning
- Provide the ethical grounding that accounting students need to reconcile conflicts between stakeholder interests that can occur in the performance of their work
- Understand the failures of corporate governance that led to the financial scandals in the last decade
PrerequisitesBecause fundamental concepts are covered in Accounting Ethics: Professional Judgement (ECON X430.30), it is highly recommended that students take ECON X430.30 before taking Accounting Ethics: Ethical Management (ECON X430.31).
Applies Towards the Following Certificates
- Strategic Business : Core Courses