Introduction Introduction toto

Accounting Accounting 120120

Mr. Binet / Moncton High School

Class #3: Ethics in Accounting

1. Short presentation on Ethics and Ethics in Accounting.

2. Introduction to the Enron scandal.

3. Read Enron NYT Article and answer questions.

In Today’s Class…In Today’s Class…

Ethics are beliefs that differentiate right from wrong. Ethics and laws often coincide, with the result that many unethical actions (such as theft and physical violence) are also illegal.

Understanding Understanding EthicsEthics

The Rotary 4-Way Test, created by Herbert J. Taylor in 1932, is an internationally renowned guideline for making ethical business choices:

Of the things we think, say or do:1. Is it the Truth?2. Is it Fair to all concerned?3. Will it build goodwill and better

friendships?4. Will it be beneficial to all concerned?

Source: www.rotary.org

Ethics are Ethics are TimelessTimeless