Comprehensive Report on Workplace Learning in Accounting Practices

This report offers an in-depth analysis of workplace learning within the accounting profession. It explores the role of professional bodies in establishing ethical codes of practice and policies designed to safeguard stakeholder investments. The report delves into the responsibilities of accounting managers, including financial reporting, budget management, and capital management. It outlines the ethical guidelines such as objectivity, professional competence, confidentiality, and professional behavior. The report also discusses ethical dilemmas faced by accounting professionals, such as manipulating financial data and the legal ramifications of breaching ethical codes. Furthermore, the report examines the impact of these codes on individual behavior and career prospects. The report concludes with a personal reflection on the importance of adhering to ethical principles in the workplace and actions taken to ensure professional and ethical conduct.

Work place learning

TABLE OF CONTENTS
EXECUTIVE SUMMARY.............................................................................................................1
INTRODUCTION...........................................................................................................................2
BODY OF THE REPORT...............................................................................................................2
The professional body ...........................................................................................................2
Person in the profession..........................................................................................................4
Reflections on similarities and differences in expectations...................................................5
Reflection on considering professional bodies.......................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
APPENDIX....................................................................................................................................11

EXECUTIVE SUMMARY
The report has focused on the accountant professional bodies that has provided guidelines
for code and ethical practices to the accountant manager. From this, the accounting code of
practices has helped to the individuals about understanding the guidelines of the company so
they can work properly without any dilemmas. Along with this, individual has understood the
issues which has arisen when they have prepared the financial report. After this, this report has
also elaborated the legal ramifications if the individual breach the code of the company. Thus,
the employee has made them aware about the code of practices which has followed in the
workplace effectively.
1

INTRODUCTION
Work place learning is the acquisition of knowledge and skills that individuals obtain while
performing at their respective workplaces (Wingard and et.al., 2015). The current report has
focuses on accounting as one of the professional body where the occupation of accounts manager
has been taken into a valid consideration. The accounting bodies establish the code of practice
and policies for account professionals as a means of safeguarding the funds invested by the
shareholders. This report has also depicted the area of work for account managers such as
managing the multiple accounts, generating sales from business portfolio and establishing
budgets with the clients and companies, etc. so that they can meet the objective of the
organisation (Choy, Kemmis and Green, 2016). The managers also facilitate in fund and capital
management. The manager is hereby responsible for finding faults in the system and improves
the defective procedures by taking corrective actions in order to amend the sales volume of the
company. They also establish financial status by developing and implementing systems of
analyses and correcting the fiscal statements. Furthermore, they also understand the progress of
the company from their sales report. From this, they can understand the deals the business issues
from their existing client (Rule, Dunston and Solomon, 2016).
BODY OF THE REPORT
The professional body
Accounting is used to measure the financial statement of the business in order to convey
the information to their stakeholders (Barker, Quennerstedt and Annerstedt, 2015). For public
interest, professional bodies should comply with the ethics and code of practices. These ethical
guidelines are as follows:
Objectivity: Professional accountant do not allow the bias and conflict of interest of the public so
they can retain their customers and grow them by designing the portfolio. Under this, the
individual understand the objective and offer same interest without any discrimination such as
rich, political person etc. (Messman and Mulder, 2015).
Professional competence and care: The accountant has duty to maintain knowledge and skills at
required level so they ensure that the employers receive competent professional service. These
services are based on the current practices, legislation and techniques which are defined by the
financial organisation. They deliver their service with diligence in accordance with the
2

applicable legislation practices and techniques (Müller and et.al., 2015). The organisation guide
about the practices, legislation of their work so employees are bound to deliver the quality
service to the customers.
Confidentiality: Accountant manager also maintain the confidentiality of information that
increases the customer satisfaction. They do not disclose any such personal information to the
third party or personal use without authority. Every individual in the organisation should follow
the rules and regulation so they can maintain the data integrity of customer (Hum, 2015).
Professional behaviour: Under this, the manger complies with relevant laws and regulation so
that they render service effectively to the clients.
Issues arise for the professional body:
 Stress and pressure on accounts department is to generate the balance sheets and financial
statements for managerial bodies. The ethical issue for the professional body is to present
the true report of company assets, liability and profit without any manipulation (Blake
and Gartshore, 2016).
 An accountant body may face the ethical dilemma due to accounting violation in the
report which an accountant send it to the FASB (financial accounting standards board).
The accountant has duty to report such violation to the FASB while arising any issues in
the financial statement (Hale, Borys and Adams, 2015).
 Sometime accountant omit or leave certain financial figures from the balance sheet that
may give negative image to the public and investors. It is a breach of accounting ethics
because it manipulates the fiscal data.
The ways for communication to its member:
 Meting and conference: The professional body communicate their members about the
issues by organising the meetings and conference on weekly basis. The members can
discuss and suggest about the new code of practices which the unit implement in their
workplace (Flåten, Isaksen and Karlsen, 2015).
 E-mail: The official unit of accounting communicate the problems via E-mail. It enables
to convey the information of present code of practice which is followed by accounting
body (Bingham and Conner, 2015).
Legal ramifications if the code is breach
3

 If accounting unit altered the financial records then the company will show a negative
image to their members.
 The accounting scandal could cause the company's revenue and may lead the turnover
rate of the employee.
 The breach of code in the accounting department can cause head of the department and
leading to heavy fines and prison.
Yes, the accountant have to educate about the changes adopted by the company for their
ethical code and practices. From proper training and education, the accountant get the knowledge
of ethics that help them to overcome the ethical dilemmas (Holmes and Stubbe, 2015).
Person in the profession
According to the report, individuals in the accounting unit have to understand the ethics
in code of practice and policies for making record of financial statement. By focusing on an
accountant department, the financial manger implement the GAAP (generally accepted
accounting principle) standard framework that provide guidelines of the code of practices in
accounting. Thus, the accountant can follow rules and legal practices in recording and preparing
of financial statements.
 The accountant officer knows that the company's function violates the code of practices
of the business then they suggest for the activity is to be taken or not in the workplace
(Livingstone, 2015).
 The code of practice influences the behaviour of individuals from inadequate knowledge
of the laws and regulation. This also limit the work ability of the employee.
 During training, the employee are required to read the code of practice of the company
and give them instruction to access it as per the mentioned guidelines and it is more likely
to influence the behaviour of them.
 If the company is not taken any action against violence of the co-worker then the
employee not feel obligation to follow the code of conduct (Baldwin, 2016).
Consequence on the career of individuals if they breach the company code Termination: If The employee shares confidential information of the company to the
competitor then organisation has right to terminate the culprit worker even if they have
employment contract. Additionally, when employees perform any type of fraud, then it
will negatively affect the perception of management. In such situation, there are chances
4

that current organization terminate the workers for their false activity (Marsick and
Watkins, 2015). Reputation: From the breach of code, any of the company will not hire the employee
who have criminal record on past. This can affect the professional opportunity of the
person on their entire life. Licence: Accountants are provided with licence through which they are allowed to make
their practices within the organization and if they do not perform their activities
effectively, then the licence which is given to be ceased. This can be ceased for long
time period because of wrong code of practice.
 Penalty: The company lay out the policies and procedure in code of conduct so the
employee work in discipline manner otherwise they were charge penalty for their wrong
practices (Jackson, 2015).
Reflections on similarities and differences in expectations
Ethics is not just morality towards work, it gives dimension of personal and corporate life
so that the individuals can lead to the higher performance at business. Employees of the company
follow high level of ethics and code of practices in their own job so that it gives the positive
impact on the management (Gerken, Beausaert and Segers, 2016). The knowledge of company
ethics helps workforce s to adopt the right things on work environment. They present the true
records of financial statement to the company and recognise the issues that represent the
individual image to the business. By evaluating consequence of themself, they are obliged to the
work with ethically towards their work. Thus, the company provides education to employees on
the ethical decision that promote the overall ethical climate so that all staff are able to recognize
ethical dilemmas in the organization. The policies and procedure empower the team members to
communicate to the seniors within the firm if have any issues of independence that also affect the
performance of the employee. The individuals access their own practices and undertaking
activities to improve practices (Truxillo, Cadiz and Hammer, 2015.). However, personal ethical
principles were conflict with the organisation policy because the individuals has own value
system which is not similar to the organisation norms. The moral also relate to the values and
beliefs of the workforce, if they differ from the company culture it affects the employee
performance. Increasing market complexity can lead the company to adopt the new technology
in the workforce for better outcome. For this, the individual not accept the changes and disagree
5

to adopt as per their moral values and ethics. Along with this, if the company does not make
provision for discrimination because of the physical or mental disability then it reduces the moral
value of the employee. In this context, the employee feel disrespect and vital that affect the
effectiveness of the company and workforce too (Byrne and et.al., 2016).
Reflection on considering professional bodies
I want to join accountant body as an accountant which reflect on my work in the
workplace. I follow high level of ethics and code of practices in my job so that it gives the
positive impact on the management. I explore the standard ethical principle that I have learned
from my background, family, religious and work. After understanding the ethics, I applied it to
my work life which affects my career goals. Sometimes ethical decision is complicated in certain
situation of the company and it requires rational decision making approach in order to obtain the
statistical data for right judgement. My own objective is to work under ethical framework so that
I can achieve my career goal. From this, I respect the other colleagues who give me information
on the fact basis as per ethical consideration I am not manipulating of these results. I strive to tell
complete truth when situations are relevant to those employees who are doing unethical
practices. I also maintain the confidentiality when I have committed to do so. Furthermore, I am
not disobeying with the rules and regulations of the organisation setting when faced unfair
practices by the other employee. Other than this, I commit the violent towards others because
they damage the company image. As per my ethical perspective, I will not work for the company
if they produce the services which are likely to be unethical for me.
Actions that ensure the professional and ethical Training programs: I will more focus to attain the training program so that I can update
myself about the new policies of the company's workplace. From such initiation, I must
find out facts that must cultivate and adhere me for effectively follow the ethical code of
the workplace. Courage and integrity: The courage to act ethically and professionally in the workplace
with integrity. They impel me to do the right without concern personal consequences,
even it is not easy to implement in the workplace. Role model: Work with ethical manner, I will choose my senior as role model who work
in right manner and their success emulate me to do my job in an ethical. From this, I can
compare myself and occupy the role which aspire me for goal.
6

 Justice and fair guidance: If the co-worker practised unethical behaviour in the
workplace then, I will raise my voice and tell truth to the management about the wrong
practices of the co-workers.
CONCLUSION
The report has been concluded the professional body which follows ethics and code of
practices in the workplace. These practices guide the individuals to perform under rules and
regulation on the render quality services to their clients. The report has also focused on the
ethical dilemmas in the accounting body that comes due to accounting violent practices that is
done by the accountant into the report. There are some issues arise in the professional body that
affect the value and image of the business. Along with this, consequences on the individuals
career if they breach the code of practice to the company. Furthermore, it has been reflected the
similarities and differences of the ethics and code of practices that impact on the individual's
working at the workplace.
7

REFERENCES
Books and journals
Baldwin, M. (2016). Social work, critical reflection and the learning organization. Routledge.
Barker, D., Quennerstedt, M. & Annerstedt, C. (2015). Learning through group work in physical
education: A symbolic interactionist approach. Sport, Education and Society. 20(5). pp.
604-623.
Bingham, T. & Conner, M. (2015). The new social learning. Association For Talent
Development.
Blake, H. & Gartshore, E. (2016). Workplace wellness using online learning tools in a healthcare
setting. Nurse Education in Practice. 20. pp. 70-75
Byrne, J., & et.al. (2016). Training corporate entrepreneurs: an action learning approach. Small
Business Economics. pp. 1-28.
Choy, S., Kemmis, R. B. & Green, A. (2016). Theorising partnerships for site-based education
development in vocational education and workplace learning. Educational Action
Research. 24(3). pp. 334-352.
Flåten, B. T., Isaksen, A. & Karlsen, J. (2015). Competitive firms in thin regions in Norway: The
importance of workplace learning. Norsk Geografisk Tidsskrift-Norwegian Journal of
Geography. 69(2). pp. 102-111.
Gerken, M., Beausaert, S. & Segers, M. (2016). Working on professional development of faculty
staff in higher education: investigating the relationship between social informal learning
activities and employability. Human Resource Development International. 19(2). pp. 135-
151.
Hale, A., Borys, D. & Adams, M. (2015). Safety regulation: The lessons of workplace safety rule
management for managing the regulatory burden. Safety science. 71. pp. 112-122.
Holmes, J. & Stubbe, M. (2015). Power and politeness in the workplace: A sociolinguistic
analysis of talk at work. Routledge.
Hum, G. (2015). Workplace learning during the science doctorate: what influences research
learning experiences and outcomes?. Innovations in Education and Teaching
International. 52(1). pp. 29-40.
Jackson, D. (2015). Career choice status among undergraduates and the influence of work-
integrated learning. Australian Journal of Career Development. 24(1). pp. 3-14.
8

Livingstone, D. W. (2015). Lifelong learning in paid and unpaid work: Survey and case study
findings. Routledge.
Marsick, V. J. & Watkins, K. (2015). Informal and Incidental Learning in the Workplace.
Routledge.
Messmann, G. & Mulder, R. H. (2015). Conditions for apprentices’ learning activities at work.
Journal of Vocational Education & Training. 67(4). pp. 578-596.
Müller, L., & et.al. (2015). Context becomes content: sensor data for computer-supported
reflective learning. IEEE Transactions on Learning Technologies. 8(1). pp. 111-123.
Ocampo, A. C. G. & Reyes, M. L. (2016). Resources for a Positive Perception of Work among
Poor Working Youth. Journal of Workplace Learning. 28(6).
Rule, J., Dunston, R. & Solomon, N. (2016). Learning and change in the redesign of a primary
health care initiative. Journal of Workplace Learning. 28(7).
Truxillo, D. M., Cadiz, D. M. & Hammer, L. B. (2015). Supporting the aging workforce: A
review and recommendations for workplace intervention research. Annu. Rev. Organ.
Psychol. Organ. Behav.. 2(1). pp. 351-381.
Wingard, J. C., & et.al. (2015). Differential effects of massed and spaced training on place and
response learning: a memory systems perspective. Behavioural processes. 118. pp. 85-89.
Online
Work place learning. (2016). [Online]. Available
through<http://www.education.vic.gov.au/training/providers/rto/Pages/
workplacelearn.aspx>. [Accessed on 2nd September 2016].
9

10