Accounting Ethics

Accounting ethics is primarily a field of applied ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Ethics in accounting is of utmost importance to accounting professionals and those who rely on their services.

Pressures in accounting ethics:-

The ethical decision in accounting gets critical and crucial due to some pressures namely;

v Job pressure itself
v Client pressure
v Personal pressure
v Peer pressure
v Political pressure
v Time pressure and
v Any other technical pressure

So accountants and management should handle the ethical problems by applying their judgment and technical competence. Because doing the right thing and making the right decision is not always easy.

Importance of Accounting Ethics:

Ethics is very important in our business world. Ethics helps to the organization to how to apply the rules and the regulation. Ethics is very essential today’s business world and the organization. Without the practice of ethics whole company can be destroy.
In the field of accounting ethics help to create the honesty, sincerity, believe and the perfect result of the financial condition of the organization.
If the company practices ethics they can move or reach their ultimate goal and gain the success and prosperity.