Accounting Ethics Final Exam With 100% Correct And Verified Answers
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Accounting Ethics
Institution
Accounting Ethics
Accounting Ethics Final Exam With 100% Correct And Verified Answers
Ethics - Correct Answer-Discipline dealing with what is good and bad, with moral duty and obligation. How we act when no one is looking.
Deontology - Correct Answer-Duty/Rights based ethics. Means based ethics. The Law.
Motiva...
Accounting Ethics Final Exam With 100%
Correct And Verified Answers
Ethics - Correct Answer-Discipline dealing with what is good and
bad, with moral duty and obligation. How we act when no one is
looking.
Deontology - Correct Answer-Duty/Rights based ethics. Means
based ethics. The Law.
Motivation rather than consequences.
The golden rule.
Means Based Ethics - Correct Answer-Follow the rule and you are
being ethical.
Kant, Hobbs and Locke - Correct Answer-Fall under the
Deontology based ethics
Teleology - Correct Answer-Desired based Ethics. Consequences
matter, means don't.
Doing what is best for most people or what is best for thy self.
What brings the greatest joy, best result, or best for ME.
Polar opposite of Deontology.
Egoism - Correct Answer-Consequences for the individual.
Act that brings greatest good to thyself.
Enlightened Egoism - Correct Answer-Allow for the well being of
others.
However, helps achieve a goal for thyself.
Self-interest remains paramount.
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, Utilitarianism - Correct Answer-Consider the interest and effect of
others equally and pick the greatest benefit.
Greatest good for the greatest number.
Means are irrelevant and consequences are difficult to measure.
Bentham and Mill - Correct Answer-Fall under Utilitarianism
ethics.
Virtue Based Ethics - Correct Answer-CPA level of ethics.
Person will do the right thing.
Virtues can be described as character traits.
Never let loyalty cloud your judgement and ethical decision
Socrates and Aristotle - Correct Answer-Falls under Virtue based
ethics.
Six Pillars of Character - Josephson - Correct Answer-
Trustworthiness
Respect
Responsibility
Fairness
Caring
Citizenship
AICPA Code of Conduct - Correct Answer-Responsibility
Public Interest
Integrity
Objectivity/Independence
Due Care
Scope and Nature of the Service
Rest's Four Component Model of Morality:
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