$show=home

Welcome to Svtuition

Free Online School with 5000+ contents as study material which can watch, read and learn anyone, anywhere.

Start your studies

$show=home


Science Classes




Basic Sciences






Computer Science

                                   

Personal Finance 

Money Making

Investment  

Finance Data Analysis

Corporate Finance 

Finance Services

Public Finance

Taxation
                                   





/fa-fire/ Latest Contents$type=three$cate=0$va=0$show=home$c=3$m=0$rm=0$s=0

$show=home

"Thank you sir you did a good job for students through Svtuition. I have learn many things"

S.U. Rahman

"First time I have so happy to find Svtuition I spent a lot of time searching for my problem now I have finally understood the concept at Svtuition"

Anonymous

"All doubts clear sir.Svtuition is a very good teacher.thanks"

Sathyam Guha

"Sir I am learning through your website and I am really grateful to you for taking out your time to teach us in Svtuition."

Himansh

"Svtuition is very usefull to me ....today i have learn great things at Svtuition....very usefull tips provide for me.....today i have to start my own learning experience through this website.......Thanks bro....God Bless U. "

Jeevan Kumar

"Nice👌 and informative Site, Keep doing the good work "

Divyanshu

/fa-fire/ Science$type=three$cate=0$va=0$show=home$c=6$m=0$rm=0$s=0

$show=home

Learn Financial Freedom Step by Step

Ethics in Accounting - Written by Harikrishnan

Ethics is a branch of philosophy that judge human being on wrong and right concerned with the nature of value and the standards by which human actions can be judged. Accounting ethics is a quality measures of accounting dept.


I can Explain the Benefits of Ethics in Accounting in Following Points :


1.  Logic in Good Direction

A good accountant must possess accounting ethics. Accounting ethics produces logic in the brain of accountant. It moves in good direction.  We can also learn to make financial report and every work is done by well planned and according to GAAP.

2.  Helpful for Taking Right Decisions 


Accounting ethics guides  to accountant for taking right decision. If we study accounting deeply , we find that accounting is like Gita book , Bible or all other holy books of world. Your ethical mind grows stronger every time you choose right over wrong.

3.  Misuse of Business's Fund is Unethical


Accountant accesses  most of the funds of the funds in the organization and it is unethical to misuse them. This can lead to the closure of the business and eventually leads to the loss of jobs and investments. Accountant should never misuse business funds and if they use it should be reported in the books of accounts and debited clearly.

One of the key issues with accounting ethics is that poor ethical behavior on the part of an accountant does not just potentially hurt a client, it can also hurt society.


4. Increase the Ethical Qualities in Accountant 

Accountants should be honest, straight and straightforward with a client financial information. Accountants should restrict themselves from personal gain or advantage using confidential information.
A company that provides a clear explanation of the accounting methods used to prepare its financial statements appears to be more ethical and trustworthy than companies that do not provide such information. Often, the more ethical and trustworthy a company appears, the more likely it is to attract new investors.

5.  To Bring Real Picture of Company in the Front of Investors 

The burden for public companies to succeed at high levels may place undue stress and pressure on accountants creating balance sheets and financial statements. The ethical issue for these accountants becomes maintaining true reporting of company assets, liabilities and profits without giving in to the pressure placed on them by management or corporate officers. Unethical accountants could easily alter company financial records and trick numbers to paint false pictures of company successes. This may lead to short-term prosperity, but altered financial records will ultimately spell the downfall of companies when the Securities and Exchange Commission discovers the fraud in USA and independent Auditors  in India.

Latest Issue Relating to Accounting Ethics 


1. A number of financial crises worldwide have shown that accounting ethics is not enough to stop accountants from behaving unethically. Some accountants and accounting organizations have clearly overstepped ethical lines for money, prestige, and other reasons. In reality, our accounting teachers and our society and our law  is responsible for this. Accounting teachers should show his own example of high moral character. Society should also support to ethical behavior. Every unethical accounting professionals should be criticized by society. Law also strict for the accountants who break the trust.


2. Finance is an extremely important resource. It is the backbone of any business and Govt. A strong and well-managed treasury is the heart of any organization and country. Your treasury is also your financial hub. Instead of Finance, I think, strong business ethics a top priority in their strategic plans. The improved results in some areas could also just be a symptom of the current economic situation, and leaders need to remain vigilant about emphasizing the importance of a strong ethical culture and living up to that vision.


3. Individuals in the accounting profession have a considerable responsibility to the general public. Accountants provide information about companies that allow the public to make investment decisions for retirement, a child’s education and major purchases such as a home. For the public to rely on the information provided, there must be a level of confidence in the knowledge and behavior of accountants. Ethical behavior is necessary in the accounting profession to prevent fraudulent activities and to gain public trust.


4. At the core of accounting ethics is the strict loyalty -- as much as is possible -- to generally accepted accounting principles (GAAP). These are the basic rules of accounting laid out by the Financial Accounting Standards Board, and their use ensures the reliability, comparability and integrity of financial statements. In some rare cases, business circumstances may require diversions from GAAP. In these situations, accounting ethics require that any departures are fully documented and clearly justified for investors or others reading the resulting financial statements.


5. To be competent, accountants and financial professionals must not only have secured education and practice that prepares them for their positions, but they must also continue that education by learning new information that can affect their practices. Among other things, they must stay up-to-date with GAAP.

How to Be Ethical Accountant


1. Follow the Accounting Rules 


Follow accounting rules help to highest ethical standards for your department. Stay updated on current federal reporting regulations and make sure your department has current regulatory updates. Immediately report non-compliance issues to management and follow through with the proper reporting requirements. Encourage employees to ask questions when they encounter irregularities and to clarify rules and regulations when they are in doubt. Respond in a timely manner to queries. Let your department know that violators of company and federal reporting requirements will be terminated and reported to the appropriate authorities.


2. Follow the Ethical Standards in Management Accounting 


The following ethical standards in managerial accounting: competence, confidentiality, integrity and credibility. Competence is an accountant ability to use professional expertise and develop his accounting knowledge and skills. Confidentiality requires accountants to disclose information only at their supervisor. Integrity prohibits managerial accountants from engaging in unethical conduct. Credibility refers to the accountant ability to communicate accounting information fairly and objectively to all business. Accounting ethics also ensures that each employee can be trusted with sensitive business information


3. Follow the Ethical Code of Conduct


If  any accountant wants to  become good accountant, accountant must possess an ethical code of conduct requires you to be fair and listen to your staff and clients. Through your own behavior, you can show the department how to cooperate with each other to achieve a harmonious workplace and keep customers satisfied.


4. Never Hide Your Accounting Mistakes 


Mistakes happens, but if you hide the mistakes or continue making them, it can lead to financial difficulties for your company that could prove disastrous. Mistakes do not constitute fraud, but how you handle a mistake reflects on your ethical beliefs and standards. Quickly correct errors and show new accountants and department employees where the error occurred and how it can be avoided. Provide a level of oversight so that mistakes are noticed and handled efficiently. When failure happened the leader took it up when the success came gives his team that is also great management ethics.


5. Follow the Ethics Relating to Confidential Information 


payroll accountants may have information about salaries in different departments, revenue accountants may learn of new products before others, and cost accountants may have inside information about profit margins. In some cases, accountants are some of the first to know about potential layoffs. Accountants should remember that they are bound by both their own ethics and professional standards to not disclose this information to anyone. This responsibility extends to disclosure to individuals within the company as well

Accounting department personnel often have knowledge of company finances that should not be shared with competitors, investors or other third parties except when ordered to disclose it by a court of law.


6.  Faith in Your Given Accounting Reports

Accounting ethics exist to ensure that financial statements are useful to their end users in their financial decision-making For financial statements to be useful, the information presented therein must be accurate, faithful to the financial circumstances and be produced in time to help the decision-making process.

7. Know the Social Benefits of Ethics 


Many people in the accounting a Often find it hard to recognize a serious ethical problem. it is not that they are unethical people, but frequently they are simply aware that an ethical problem is presenting itself. They should think long term social benefits of ethics. Nearly everything that you do in your line of work has an ethical side of things. You hold à very important role in each customer’s and company life, accounts play a key part in keeping the integrity and credibility of their clients & society.
Accountant must be great humanitarian. because some time some company management force to accountant for reducing or cut down workers end service benefit or overtime etc. if the worker is right get that any benefit a good accountant cleverly explain the situation to management and try to give maximum benefit to worker( If the worker is right to get benefit). I think may be this is also part of accounting ethics.


Accountant must be not only competent at his job like every other worker, but he must hold the knowledge and experience to keep his professionalism even at the most difficult times
Accountant is not only working for company management , he is also working for company whole success and also help country whole economic development.


References 

Note:-I studied this content( Accounting Ethics)from some management books or website like YouTube . if you need more details I will be ready to give any time .. once again i great thanks to you for giving such great Opportunity.


1.  4 Good Qualities of Accountant 

2. Accounting Ethics in Chron Resource 

3. Ethics in Accounting - simpleaccount1 Youtube Channel



About the Guest Teacher 











Harikrishnan is working as an accountant. He has over 7 year experience in the field of accounting.  He  likes accounting and also he always tries to proud of himself  that  he is an accountant.




Updated 6th Jan. 2016 : Thanks to  author for creating a page that has been read 455 times.

COMMENTS

: 4
Write your review

 📘 Master Tally with Ease! 

📘 Unlock your accounting potential with "Tally Made Easy." 

 Shop directly from our online store and message us on WhatsApp for orders! 

 👉 Visit Now:

Also available on: - Google Play Store - Amazon

$type=blogging$show=https://www.svtuition.com/p/ashwani-kumar.html$c=100$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/chanakya.html$c=10$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=100$a=hide$s=hide$comment=hide$label

$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=40$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=100$a=hide$s=hide$comment=hide$label

$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=40$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/rajesh-kumar-teacher.html$c=40$a=hide$s=hide$comme

$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=100$a=hide$s=hide$comment=hide$label

$type=blogging$show=https://www.svtuition.com/p/om-parkash.html$c=20$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/surinder-singh.html$c=20$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/surinder-singh.html$c=20$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/surinder-singh.html$c=20$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/abhiraj-singh.html$c=20$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/nishant-arya.html$c=20$a=hide$s=hide$comment=hide

$type=blogging$show=https://www.svtuition.com/p/manish.html$c=20$author=hide$comment=hide

Tara Chand's Contents $type=blogging$show=http://www.svtuition.com/p/tara-chand.html$c=20

Ashok Kumar's Contents$type=blogging$show=https://www.svtuition.com/p/ashok-kumar.html$hide=author

Name

11th Class Maths,2,11th Class Physics,6,5th Class Maths,1,6th Class Science,9,Abhiraj Singh,1,Accountant,2,Accounting,14,Accounting Concepts,1,Accounting Course,4,Accounting Education,18,accounting equation,3,Accounting Formats,2,Accounting Scandals,1,Accounting Solutions,37,Accounting Videos in English,1,Accounting Videos in Hindi,9,Administration Skills,2,Air,7,Algebra,11,Amazon,7,Answer the Questions and Become Master,23,App,6,Applied sciences,3,Aptitude,1,Artificial Intelligence,2,Ashok Kumar,5,B.Com Maths,9,Balance Sheet,8,bank,59,Banking,37,Banking Dictionary,1,Become Rich in India,25,bengali,4,Best Teachers Rewards,1,BHIM,3,Biology,4,Black Money,1,Bodybuilding Education,5,Bond,4,Budget,2,Business,13,Business Dictionary,3,Business Education,11,Business Environment,2,Business Mathematics,8,Business Skills,1,Business Solutions,1,C++,1,CA,1,Calculus,1,cameras,2,Canara Bank,3,Canva,1,capital,1,car,1,Car Driving Course,57,Care of pet,1,Career Solutions,12,carpentry,14,cartoon,1,Cattle Domestication Skill,3,Cattle Domestication Skill,1,CDSL,4,Charity,1,chemistry,3,circle,2,Class 1 English,1,class 1 Maths,1,Class 10 Maths,11,Class 2 Maths,1,Class 5 Maths,2,Class 6 Maths,1,Class 7 Maths,1,Class 8 Maths,17,Class 9 Maths,1,Commerce,4,commodity market,1,Communication,5,Computer,28,Computer Basics,30,Computer Data Storage,1,Computer Dictionary,2,Computer Hardware,11,Computer Networking,12,computer science,5,Computer Software,17,Computer Solutions,1,Construction Skills,25,cooking education,25,Cooking Skills by Ashwani,57,Corporate Accounting,17,Corporate Law,5,corporate Scandals,1,cost,2,cost accounting,13,Credit Card,7,CSE,1,css,11,Currency,2,Current Affairs,2,curtain,1,Dailymotion,1,Debit Card,1,DEMAT Account,13,depreciation,2,determinant,3,Domain Name System,4,Dr. Mathura Das,5,Dr. MD Swatanter,1,drawing,1,Dreams,19,Driving Education,1,e-accounting,1,Earn from eBooks,14,Earn Money,28,Earning,2,eBooks,9,Economics Education,33,Education,14,Education Solutions,12,Electric Cycle,4,Electric Scooter,1,Electrical engineering‎,28,Electrical Skills,19,Electrical Skills by Ashwani Kumar,12,Electronics,4,Email,2,Energy (physics),10,Engineering,2,English,23,Examination,3,Facebook,2,Failure,4,Finance,119,Finance Education,45,Finance Solutions,9,financial,3,Financial Accounting,28,Financial Service Providers,2,FIR,7,Focus on Study,8,Football,1,Forex,2,Forex Trading Skills,2,Free Maths Tools,1,Fundraiser,1,Gambling,10,Gambling Addiction,4,Gardening Skills,17,Gas,1,Gaupalan,5,Geometry,3,gold,5,Goldsmith,35,Google,2,Google Admin,3,Google AdMob,2,Google Adsense,2,Google Blogger,7,Google Meet,1,Google Pay,4,Google play Console,6,Google Play Store,8,Gravity,4,GST,2,Guest Writers,3,Gurpreet Singh,14,Habits,4,HDFC,1,HDFC Bank,1,Health Education,16,Heat,2,Help,3,Hindi Language,3,History,2,Home Building,10,Home Maintenance amp; Repair,5,Home Remedies Course,75,HR Management,11,HTML,9,Income Tax,1,Index Number,3,India,15,India Post Payments Bank,7,Indian Festivals,5,Indian Language,1,Influencer marketing,1,Infolinks,5,Inspiration,26,inspire,2,Instagram,2,insurance,4,intelligence,1,Interest,6,internal audit,2,International Finance,1,Internet,43,Internet Forum,1,Investment,32,Javascript,3,Jobs amp; Careers,5,Journal,1,journal entries,5,journal entry,3,Kenya,1,Knot Skills,1,Laptop Basics,7,Law Education,26,Law Solutions,2,Learning,8,Lecture,2,Legal Document,2,Legal Education,15,Letter Formats,2,LIC,2,Light,7,Limit,2,Linear algebra,5,Linear Programming,12,Loan,3,magnet,8,Malaysia,2,Management Accounting,17,Management Education,17,Management Solutions,1,Manish Khurana,4,Marketing Education,11,Mathematics Education,134,Maths,1,Maths by Ashwani Kumar,35,matrices,43,MCAT,1,Mechanical Skills,3,Medical and Surgery Education,1,Memories,2,Mobile,19,Mobile Software,17,motivation,42,Motorcycle Mechanic Skills,8,MS Excel,12,Music Skills,3,Mutual Funds,5,Nepal,1,Nepali Language,1,Net Banking,1,Network addressing,2,Nigeria,1,Nishant Arya,11,Om Parkash,11,Online,1,Online Teachers Support,2,organisation,1,Other,15,Pakistan,1,Payment Service Providers,17,Payoneer,1,paypal,12,paytm,10,PayU,3,PERSONAL DEVELOPMENT,1,Personal Finance,13,Philippines,2,Photography,1,Photoshop Software,5,PHP,1,physics,60,Picture,1,Plumbing Education,9,PNB,4,Political Science,3,Polynomial,9,positive thinking,1,Post Office,6,Probability,9,Prof. Ashwani Kumar,3,Profiles,1,Profit,1,Programming Language,13,Property Dealing Skills by Surinder Singh,5,provision,1,Publishing,1,Punjabi Language,4,Quiz,3,Railway Exam,2,Railway Technical Exam,2,Rajesh Kumar,34,RBI,3,real estate,10,Reasoning,2,rectification,1,rectification of errors,1,Relationships amp; Family,3,Religious Studies,7,Result,2,Sahas,3,Sales Tips,4,Sanskrit,10,Saudi Arabia,1,Saving,14,SBI,11,School Accounting,2,science,86,Science Education,63,Science Quize,1,Science Tests,7,Secrets of Failure,2,Security,2,Self Identity,1,Self-Learning,8,Share Market,49,Share Market Dictionary,8,Shiv Kumar Shabdra,1,Silversmith,4,Singing Skills,20,Singing Skills by Surinder Singh,7,Skating,1,Slideshow,1,Social Media,3,social science,5,Solution,5,Sound,5,Space Science,6,Special Days,1,Spiritual Education,12,Sports,7,Start Own Business,12,Statistics,12,Statistics Education,4,stock,3,Stock Market,4,Stories,2,Story,1,Students,5,Success,16,Surinder Singh,18,svtuition,4,Tablet Education,7,Tailoring Skills,4,Tally,71,Tally Solutions,9,Tally.ERP 9,92,TallyPrime,9,Tara Chand,14,tax,9,Tax Solutions,9,teaching,7,Teaching by Chanakya,2,Teaching Education,18,Teaching Skills,1,Teaching Stories,1,Tech by Ashwani,8,Tech Simplify,20,technical education,3,Telecommunication,1,Test,9,Testimonials,3,Time Management,2,Time series,3,Travel,10,Trigonometry,7,tuition,4,TV Shows,4,UK,2,USA,1,variance analysis,3,VAT,1,vector,22,Video,31,Video Creation Skills,1,Video Editing,4,Video on Demand,1,VideoPad Video Editor,1,videos,180,Vocational Education,19,Volume,1,Water,8,Wealth,36,Weather,3,Web design,5,Web Hosting,7,Web Software,3,website,23,Website earning,1,Welding Skills,2,WhatsApp,8,Wife,1,Wifi,9,Window Movie Maker,1,Wordpress,6,working capital,1,Writing,1,written Communication,2,Yono App,2,Yono Cash,1,You can Become Rich Also,5,Youth,9,youtube,21,YouTube Studio skills,1,YouTube Tutorials,7,zigopay,1,
ltr
item
Svtuition: Ethics in Accounting - Written by Harikrishnan
Ethics in Accounting - Written by Harikrishnan
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkbdS_jF4_0ikuhyWGgSlmdeReVGCv84bOWgaEwVPl1KxOv0Hfcoo_6flpC2EKkkNiilDKlDhFHEcpPyp8eJ4GD5QDvkpHeDW7BctM-H2eIv4kTwDCLhkSFdAoWhdhzjSJvWVtII7hkmEU/s200/gll.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkbdS_jF4_0ikuhyWGgSlmdeReVGCv84bOWgaEwVPl1KxOv0Hfcoo_6flpC2EKkkNiilDKlDhFHEcpPyp8eJ4GD5QDvkpHeDW7BctM-H2eIv4kTwDCLhkSFdAoWhdhzjSJvWVtII7hkmEU/s72-c/gll.jpg
Svtuition
https://www.svtuition.com/2013/01/ethics-in-accounting-written-by.html
https://www.svtuition.com/
https://www.svtuition.com/
https://www.svtuition.com/2013/01/ethics-in-accounting-written-by.html
true
3065238051582539150
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy