Accounting

Managerial accounting professional follow a code of ethics. As a member of the Institute of Management Accountants, the managerial accountant must comply with standards of ethical conduct.

Required:

1. Read the Statement of Ethical Professional Practice posted at

www.imanet.org (Under “Career Resources” select “Ethics Center”, and then select “IMA Statement of Ethical Professional Practice”.)

2. What 4 overarching ethical principles underlie the IMA’s statement?

3. Describe the courses of action the IMA recommends in resolving ethical conflicts.

4. In the Ethical Group discussion forum, comment on what knowledge you gained from reading the Statement of Ethical Professional Practice.

5. Please choose one of your fellow group members and discuss their comment reference what they gained from reading the Statement of Ethical Professional Practice