ACCG100 Lecture Notes - Lecture 2: Business Reporting, Financial Statement, Deontological Ethics

• School: Macquarie University
• Department: Accounting and Corporate Governance
• Course: ACCG100
• Professor: Colly He

Document Summary

Readings: birt et al. , 2014, accounting: business reporting for decision making, 5th edition, Ethics in its broader sense, deals with human conduct in relation to what is morally good and bad, right and wrong. It is the application of values to decision making. These values include honesty, fairness, responsibility, respect and compassion . Let"s consider the following case: (1) andrew, who is a bank robber, has sought out yourself, a criminal defence lawyer, to defend his case. You are somehow aware that andrew is guilty of robbing a bank. Morals: you may not want to defend andrew as you may likely feel that robbing a bank is morally questionable. Ethics: if you take up the case, you are obligated to defend andrew with the utmost effort. Prescriptive principles or rules for determining right from wrong. Principles and methods are used as a guide for avoiding and resolving ethical issues.