ACC6001 Managerial Accounting FALL 2015 Assignment 1 Weight 5% Read the Statement of Ethical Professional Practice for Management Accounting Members...

Read the Statement of Ethical Professional Practice for Management Accounting Members from the IMA website or other related Management Accounting sites and comment on its importance to management accountants and business professionals. (Appendix B of your core text book states the “Standards of Ethical Conduct for Management Accountants”).

Also explain how it is applicable to your profession / present job / present work place

Submit the report on or before October 12, 2015

There are plenty of books, journals and web sites from where you can get plenty of information on this topic. Few of the sources are given below:

www.imanet.org – Institute of Management Accountants (for statement of ethical professional practices and Strategic Finance Magazine; and Management Accounting Quarterly)

http://www.cfainstitute.org/- (Integrity List: 50 Ways to Restore Trust in the Investment Industry)

http://www.aicpa.org/ - American Institute of Certified Public Accountants

http://www.globalethics.org/ - Institute of Global Ethics

http://www.ethics.org/resources - Ethics Resource Center

http://business-ethics.org/ - International Business Ethics Institute

http://www.icmai.in/ - Institute of Cost Accountants of India: (for free Journal access – June 2014 issue is a special issue on ETHICS OF ACCOUNTANTS – Copy available in the Skyline University College Library)

You can also make use of the Skyline library resources and databases like:

Ebrary - http://site.ebrary.com/lib/skylineuniversity

ProQuest

EBSCO

Evaluation Criteria for the report:

Organization

(10%)

Report is neat. Grammar and spelling are correct. The content is correctly formatted and has a professional look.

Content

(40%)

1. Professional ethical principles - clearly listed

2. Professional ethical standards - clearly and briefly explained

Competencies / Application

(40%)

1. Your job profile (brief)

2. List down the ethical practices & standards defined by your organization (if any)

3. States very clearly how ethical principles & ethical standards are important and how ethical principles & ethical standards are applied to your present job / profession / office

Or (for those unemployed)

 how you will apply these in your job / profession / office

Reference

(5%)

Properly acknowledges the sources

Timely submission (5%)

Submit on or before the stated date