This week’s discussion supports the Ethical Decisions in Accounting assignment due in Week 8, which addresses ethics and its importance in financial reporting. Please respond to the following:
- Define ethics.
- Based on your definition, discuss the correlation between ethics, morals, and values. Provide an example of one good ethical practice when making journal entries.
- Please include one quality academic source.
- Students can utilize Strayer University Online Library, academic articles, AICPA, FASB Home, PwC: Audit and Assurance, Consulting and Tax Services, EY US – Home | Building a Better Working World, Deloitte US | Audit, Consulting, Advisory, and Tax Services, The American Accounting Association, KPMG International – KPMG Global, or other government websites.
- Be sure to respond to at least one of your classmates’ posts.