Lecture 3

Question 1

What does framing problem mean?

When does accounting problem arise?

Answer 1

1. Distinguishing between accounting and ethical problems
   - gap between current and ideal state

When finacial information quality is comprimised.

Question 2

What is ethical dimension?

Answer 2

Ethical dimension = multiple stakeholders are impacted differently

Question 3

How are accounting and ethical problems interconnected?

Answer 3

• viewing through accounting lens = TECHNICAL ISSUES
• viewing through ethical lens = conflicts
• seeing it from both perspectives leads to ethical justifiable actions

Question 4

What does knowledge based problem?

What is motivation based problem?

What does retrospective mean?

What does prospective mean?

Answer 4

Knowledge based problem = lack of knowledge
Motivation based problem = based on personal gains

Retrospective = reflects on past actions and implications

Prospective = focus on present actions and implications

Question 5

What is moral sensibility?

What is inattential blindness?

What is intentional blindness?

Answer 5

• ability to recognise ethical problems

Inattenital blindness: missing ethical issues under pressure or due to distractions

Intentional blindness : missing it due to lack of knowledge or due to motivation

Question 6

What does proper formulation depend on? 3 things

Answer 6

1. Ability to understand problem with relevant concepts
2. Knowledge of accounting and ethical knowledge
3. Overcoming external pressure.