Moorpark College Accounting Technology and Practices Questions

User Generated

GXhemhy

Business Finance

Moorpark College

Description

1. Distinguish between ethical issues and legal issues.

2. How can advanced technology transaction processing systems reduce fraud? 

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Explanation & Answer

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1

Answers to Questions on Accounting Technology and Practices

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2
Answers to Questions on Accounting Technology and Practices
Question 1
Profit-making entities experience significant challenges associated with ethical and legal
issues. From a definition perspective, ethical issues include actions or decisions which comply with
basic principles of morality. Professionals are considered ethical if their actions and decisions
integrate vital ethical practices not outlined in a firm’s policies (Baud et al., 2021). For instance, an
accountant can help an elderly client access monetary services efficiently due to movement
challenges. In this context, the involved person practices good morals by ensuring a positive image
through individual actions. In most cases, ethical issues are addressed distinctly and may necessitate
administrative action. Th...


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