Managerial Accounting

Running Head: MANAGERIAL ACCOUNTING
0
Managerial
Accounting
Student Name

: MANAGERIAL ACCOUNTING 1
Table of Contents
Introduction......................................................................................................................................2
Professional ethics principles..........................................................................................................2
Professional ethical standards..........................................................................................................2
Job Profile....................................................................................................................................2
Organization Ethical principles and standards................................................................................3
Importance of Ethical principles and standards...............................................................................3
Application...................................................................................................................................3
Conclusion.......................................................................................................................................4
References........................................................................................................................................5

: MANAGERIAL ACCOUNTING 2
Introduction
The principle of professional ethics is adhering to the highest standards of professional conduct.
It is a behavior which has been expected in an organization and the corporate. The one who can
make judgments, apply their skills and have the capability of reaching the information where the
other public cannot reach are called professionals. There are various professional ethics
standards that are required to be maintained in the organization that will be discussed in this
report.
Professional ethics principles
 He must follow the professional conduct
 He should communicate with the clients and colleagues in an honest and open manner
 He has the duty to maintain the confidentiality in the professional relationship
 The commitments shall been fulfilled in a responsive, reliable and efficient manner
 The person is fully responsible fractions, financial dealings and use of resources.
 The person need to avoid the conflicts of interest
 The person shall show respect towards others and must honor diversity1
Professional ethical standards
The profession standards are set by the organization for governing the behavior of the person. It
is the set of rules that how the person will behave towards the other persons and institutions in an
environment. Every organization has different standards and it depends on the type or
organization however there are some standards which are universal and applies on every
organization. These maintained the discipline in the organization and it helps the public as
confidence will be built on them, clients have more transparency. There are many more will be
helped from the proper code of conduct in the organization2.
1 Institute of Global Ethics, “Promoting ethical action in a global context”, http://www.globalethics.org/, June 27,
2019.
2 IMA, " Institute of Management Accountants" http://www.imanet.org –, June 27, 2019.