logo

Professional Practice in Accounting- Assignment

   

Added on  2020-03-23

14 Pages3273 Words92 Views
Running Head: PROFESSIONAL PRACTICE IN ACCOUNTING1Professional Practice in Accounting
Professional Practice in Accounting- Assignment_1
PROFESSIONAL PRACTICE IN ACCOUNTING2Executive SummaryBusiness ethics is a key determinant in the long-term success of an organization. It provides a base of the organizations in developing business programs, policies, and ensuring effective decision-making. In this respect, the aim of this report is to study the importance of ethics and code of conduct in the accounting profession.This report has undertaken a review of Chartered Accountants Australia and New Zealand (CA ANZ) and conducted an interview with an accounting professional who is working as a finance manager in a hospitality company in Australia. The findings of the report reveal that code of conduct and ethics have a great impact on the working of accounting professionals. The professional body is very strict with the adherence of conduct by its members and on the breach of any professional standards, disciplinary actions are taken.
Professional Practice in Accounting- Assignment_2
PROFESSIONAL PRACTICE IN ACCOUNTING3Table of ContentsExecutive Summary...................................................................................................................2Introduction................................................................................................................................4Roles and Responsibilities of the Interviewee...........................................................................5Analysis of the Interview Questions..........................................................................................5Analysis of the Professional Body: CA ANZ............................................................................6Similarities and Differences between the Interviewee and Professional Body..........................9Personal Reflection..................................................................................................................10Conclusion................................................................................................................................12References................................................................................................................................13
Professional Practice in Accounting- Assignment_3
PROFESSIONAL PRACTICE IN ACCOUNTING4IntroductionFor every human being, ethics plays an important role in shaping his personality. In general, it refers to the moral principles which govern the behavior of an individual. In the context of business, it is defined as the study of business practices and policies which are related to the controversial issues (Ferrell & Ferrell, 2012). These issues may be in the form of discrimination, corporate social responsibility, corporate governance, bribery or fiduciary responsibilities. It ensures that there is a certain amount of trust present in the participants of the business market which helps them to carry out the business transactions. In the companies, it is present in the form of a set of principles which help the managers in forming the policies, programs for the business and provides a base for the decision-making process. It is important for a business to ensure ethical practices in its activities as it has the capability to affect the productivity, reputation and the bottom line of any organization (Mika, 2012). Ethics in the organization helps in building a positive corporate culture which helps in boosting the morale of the employees, which eventually results in better productivity.In this regard, this report aims at discussing the role of ethics and code of conduct in the working of an accounting professional. An interview has been conducted with a finance manager working in a hospitality organization base in Australia. The manager is an accounting professional, a CA qualified professional, who is responsible for partnering with the senior management of the company on a regular basis and indulge in the decision-makingprocess. In addition to this, this report also undertakes a review of a professional body Chartered Accountants Australia and New Zealand (CA ANZ), wherein the charter, current code of conduct, ramifications of breach of conduct and the education provided by the professional body are discussed. It also makes a comparison between the interviewee and the
Professional Practice in Accounting- Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Assignment Professional Code Of Ethics
|15
|3861
|38

Accounting ANZ Company Introduction
|8
|363
|91

APES 110 Code of Ethics for Professional Accountants
|6
|1231
|25

Ethical Issues in ANZ Bank: A Case Study
|16
|4254
|448

Impact of the Code of Conduct and Implication of the Principles in ANZ Bank
|12
|2598
|22

Governance Ethics and Sustainability Australia Code Conduct 2022
|11
|2755
|16