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 9 Walking on Ethical Ice

2. C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 9 SLIDE 2 Walking on Ethical Ice Lockheed Martin is an international corporation engaged in the production of advanced technology systems. The company’s largest customers are the U.S. Department of Defense and other U.S. federal government agencies.

3. C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 9 SLIDE 3 Walking on Ethical Ice Lockheed Martin is working to be a leader in ethical conduct. In its code of conduct, “Setting the Standard,” the company provides its employees with detailed guidance on making ethical decisions.

4. C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 9 SLIDE 4 Walking on Ethical Ice One method of assisting its employees to make ethical decisions is to provide a list of statements that are warning signs of unethical behavior.

5. C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 9 SLIDE 5 Walking on Ethical Ice EXAMPLES “Well, maybe just this once.” “No one will ever know.” “It doesn’t matter how it gets done as long as it gets done.” “It sounds too good to be true.” “Everyone does it.” “Shred that document.” “We can hide it.” “No one will get hurt.” “What’s in it for me?” “This will destroy the competition.” “We didn’t have this conversation.”

6. C ENTURY 21 A CCOUNTING © South-Western, Cengage Learning Chapter 9 SLIDE 6 Walking on Ethical Ice Instructions Think of statements you hear that are warning signs of unethical behavior.