ACCA BT Course - Chapter 25: Professional Ethics (Part 2) скачать в хорошем качестве

ACCA BT Course - Chapter 25: Professional Ethics (Part 2)

RESOURCES & LINKS Business and Technology: https://www.gotitpass.com/acca-f1-acc... Got It Pass: https://www.gotitpass.com Find me on Facebook:   / gotitpass   This video discusses professional ethics in accounting and business, focusing on the definition and qualifications of a profession. A profession includes mastery of specialized skills obtained through rigorous training. Professionals must be certified and comply with an ethical code set by a governing organization. They are expected to act in the public interest. For example, accountants typically join recognized organizations like ACCA and must adhere to their ethical guidelines. While some people can call themselves accountants without official certification, they are not considered professional accountants because they do not belong to a professional body or follow its ethical standards. Professional accountants must meet certain criteria and ethical obligations to maintain their reputation and uphold public trust. The video also highlights the importance of codes of ethics, such as those published by the International Federation of Accountants (IFAC) and ACCA. These codes include five fundamental principles: confidentiality, objectivity, integrity, professional competence and due care, and professional behavior. Each principle represents essential attributes for accountants to maintain ethical standards. Confidentiality emphasizes the protection of sensitive information, while objectivity stresses the necessity of unbiased professional judgment. Integrity refers to honesty in reporting, and professional competence requires accountants to possess the necessary skills and knowledge. Finally, professional behavior mandates compliance with relevant laws and regulations. A case from 2020 illustrates the consequences of ethical breaches: an ACCA student was found guilty of misconduct for using an unauthorized device during an exam and was expelled from the register, highlighting the strict enforcement of ethical standards. The role of accountants extends beyond the organization to include the welfare of the public. They must balance the interests of business owners with the broader public interest. A scenario is presented where an accountant, Thomas, manipulates expenses to increase profits for a bonus. The discussion ties back to the principles of ethical behavior by questioning which principles Thomas violated. In summary, professional accountancy is defined by rigorous training, adherence to ethical standards, and a commitment to public interest. Ethical codes serve as essential frameworks guiding accountants' professional conduct. #acca #accabt #accaf1 #accacourse #accatraining #accaexam #businessandtechnology #professionalethics #ethicalguidelines #codesofethics #confidentiality #objectivity #integrity #professionalcompetency #professionalduecare #professionalbehaviour