Accounting Theory: Deontology, Teleology, and Ethical Theories

Running head: ACCOUNTING THEORY
Accounting Theory
Name of the Student
Name of the University
Author’s Note

1ACCOUNTING THEORY
Table of Contents
Question 1..................................................................................................................................... 2
Requirement [a].........................................................................................................................2
Requirement [b].........................................................................................................................2
Requirement [c].........................................................................................................................3
Requirement [d].........................................................................................................................3
Requirement [e].........................................................................................................................4
Question 2..................................................................................................................................... 4
Requirement [a].........................................................................................................................4
Requirement [b].........................................................................................................................5
Requirement [c].........................................................................................................................5
Requirement [d].........................................................................................................................6
References..................................................................................................................................... 7

2ACCOUNTING THEORY
Question 1
Requirement [a]
Deontology can be regarded as an ethical theory or perspective and it is based on
obligation or duty. More specifically, a deontological theory refers to a theory where the moral
obligations of duties are considered as self-evident including intrinsic value and there is not any
need to provide justification. As per this theory, the evaluation of the moral actions is done
based on inherent wrongness or rightness rather than the primary consideration of
consequences and goodness (Ismail, 2014).
On the other hand, teleology provides description about an ethical perspective of any
situation contending the wrongness or rightness of any actions solely based on the badness or
goodness of their consequences. Under the strict teleological interpretation, neutrality in the
actions can be seen when they are considered apart from their consequences. Some of the
major examples of teleological theories are ethical egoism and utilitarianism (Berker, 2013).
Requirement [b]
One major example of normative theory is the ethical egoism theory. This particular
theory favors, recommends and praises specific kinds of actions or motivations; and it also
involves in describing another types of motivation. Two major versions of their theory can be
seen; they are individual ethical egoism and universal ethical egoism. As per individual ethical
egoism, one should look out for his/her own interest. As per universal ethical egoism, people
should concern about the others when they have their interest involved with that (Vardaman,
Gondo & Allen, 2014).
From the perspective of the above-discussed ethical egoism theory, the appropriate
course of action for Penny would be to comply with the instruction of Anne Redmond that is
not to write down the stock in the year end account. This decision would be appropriate for
Penny as this decision would fulfill her own interest. There will be an increase in the payment of
Penny in case Anne can set the deal with the potential buyer. This situation clearly shows the