Ethics Flashcards
What are the ethical accounting principles?
The fundamental principles that accounting professionals abide by to enhance their profession,maintain public trust and demonstrate honesty and fairness
What are ethics?
they are the moral principles amd standards of behavior
What are accountants fundamental principles?
intergirty,objectivity,professional compentance and due care,confidentiality and professional behavior.
Explain 3 accountant fundamental principles
confidentiality-avoiding discloure of info to others without their permision
professional competence and due care-keeping knowledge and skills at the appropriate level in order to deliever the services to clients dilligently
intergity-having strong moral principles
duties and responsibilities of a book keeper
preparing accounts by entering and posting transactions
prepare trial balance
balancing accounts
skilled required as a bookkeeper
expertise in book keeping skills and techniques
IT skills
Analytical skills
qualities required as a book keeper
intergirty
honesty
reliability
tradition al and emerging roles as a bookkeeper
accounts recievable
payroll clerk
book keeping software specialist
payroll software operator
duties of an accountant
preparing finanacial statements
workinh with auditors
preparing revies and budgets
skills required as an accountant
expertise in accounting
expertise in IT
analytical skills
qualities of an acoountant
accuracy
thoroughness
determination
careers as an accountant
accounts manager
environmental accountant
internal auditor
