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C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning C H A R A C T E R C O U N T S CHAPTER 2 Ethics Versus Morality.

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Presentation on theme: "C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning C H A R A C T E R C O U N T S CHAPTER 2 Ethics Versus Morality."— Presentation transcript:

1 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning C H A R A C T E R C O U N T S CHAPTER 2 Ethics Versus Morality

2 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Understanding Business Ethics 68 Research state and national organizations and laws that govern the accounting profession. 70 Identify desirable traits of professionals 71Identify ethical considerations related to technology Chapter 2 SLIDE 2 Identify characteristics of individuals who make good ethical decisions.

3 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 2 SLIDE 3 Ethics Versus Morality Ethics and morality—these words are often used to refer to an individual’s ability to “do what is right.” These synonymous English words were derived from different languages. “Ethics” is derived from Greek. “Morality” is derived from Latin.

4 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 2 SLIDE 4 Ethics Versus Morality Over time, our society has given a slightly different meaning to each word. Over 100 years ago, C. C. Everett wrote, “Ethics is the science of morality.” Morality is the standard of conduct that is acceptable in a society. Ethics is an organized method that relies on our morality to make moral decisions.

5 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 2 SLIDE 5 Ethics Versus Morality Science students learn the scientific method—a model that guides how a proper experiment should be conducted. In the same manner, many ethical models have been proposed to guide individuals in applying their morality to business decisions.

6 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 2 SLIDE 6 Ethics Versus Morality The following ethical model will be used in this textbook: 1. Recognize you are facing an ethical dilemma. 2. Identify the action taken or the proposed action. 3. Analyze the action. a.Is the action illegal? b.Does the action violate company or professional standards? c.Who is affected, and how, by the action? 4. Determine if the action is ethical.

7 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 2 SLIDE 7 Exit Ticket for Chapter 2 Ethics Versus Morality Instructions Contrast the ethical model with the scientific method. How are the models similar? How are they different? Answer the following in a Word Document, SaveAS: Chapter2EthicsYourName and drop a copy in my Inbox today!

8 C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 2 Assignments on Aplia Complete Chapter 2 Study Guide Complete Mastery Problem 2-3 Chapter 2 SLIDE 8


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