Ethical Reasoning: Implications for Accounting

A set of flashcards highlighting key vocabulary and concepts related to ethical reasoning in accounting.

Ethical Dilemma

A situation where a genuinely good person can get caught up in fraud.

Ethical Blind Spots

The gap between who you want to be and who you actually are.

Integrity

The foundational virtue of ancient Greek philosophy essential for accountants.

Golden Rule

A principle suggesting we should treat others the way we want to be treated.

Ethics

Accepted standards of behavior that guide how people should act.

Morals

Principles of right and wrong derived from manners and character.

Values

Basic beliefs that guide or motivate attitudes or actions.

Utilitarianism

An ethical theory that promotes actions that maximize happiness for the greatest number.

Deontology

An ethical theory focused on duty and moral norms as the basis for actions.

Virtue Ethics

An ethical approach emphasizing the development of good character traits.

Whistleblowing

Reporting ethical violations to supervisors in the interest of public accountability.

Social Networking

Platforms for online communication that raise ethical concerns.

Trustworthiness

The quality of being honest and reliable in dealings with others.

Moral Courage

The ability to act based on moral principles and to stand up for beliefs.

Caring

Empathy and concern for the feelings of others, essential for ethical decision-making.

Accounting and the Public Interest

The responsibility of accountants to honor public trust and act with integrity.