What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examples. Are these responsibilities different than the obligations for financial accountants?
Thank you for the opportunity to help you with your question!
Management accountants are tasked with giving the managers accounting information to aid in better decision making in an organization. They have chances of misusing their positions hence they need to be ethical in all their undertakings. some of the ethical responsibilities they must have include: honesty, integrity, faithfulness and loyalty. if they are not loyal, they will make poor decisions willingly at the expense of the company.
The ethical responsibilities of the management accountants and the financial accountants are almost the same, only that they report to the managers and the financial accountants to the shareholders.
Hope this did assist. Please let me know if you need any clarification. I'm always happy to answer your questions. I will be pleased if you make me your private tutor.
Oct 22nd, 2015
Did you know? You can earn $20 for every friend you invite to Studypool!