Reflect on the below questions. The total assignment should not exceed 1.5-2 pages in length, typed...

 

Transcribed Image Text:

Reflect on the below questions. The total assignment should not exceed 1.5-2 pages in length, typed and double-spaced. The Canadian Professional Accountants code uses Five Principles of Ethics. Around the globe, different professional codes for finance professionals refer to a set of ethics, many of which have similar principles. The Five Principles of Ethics in the Canadian Code are: 1) Professional Behaviour 2) Integrity and Due Care 3) Objectivity 4) Professional Competence 5) Confidentiality Questions 1) What is your role and responsibility as it relates to ethical and equitable accounting practices as a hospitality professional? (2 Marks) 2) Name and describe 3 steps/actions/procedures that can be taken to mitigate unethical accounting practices in your professional field. (2 Marks) 3) How (if at all) do you see your role, as it relates to the management of business finances, impacting others? (2 Marks) 4) Based on your understanding of your personal and professional responsibility in the workplace, identify 2 barriers to adhering to ethical accounting practices in the workplace. How can you overcome these barriers? (2 Marks) 5) Select one of the five principles of ethics from the above list. Identify processes, systems and behaviours that can be implemented to ensure this principle is upheld in a hospitality environment. (2 Marks) Reflect on the below questions. The total assignment should not exceed 1.5-2 pages in length, typed and double-spaced. The Canadian Professional Accountants code uses Five Principles of Ethics. Around the globe, different professional codes for finance professionals refer to a set of ethics, many of which have similar principles. The Five Principles of Ethics in the Canadian Code are: 1) Professional Behaviour 2) Integrity and Due Care 3) Objectivity 4) Professional Competence 5) Confidentiality Questions 1) What is your role and responsibility as it relates to ethical and equitable accounting practices as a hospitality professional? (2 Marks) 2) Name and describe 3 steps/actions/procedures that can be taken to mitigate unethical accounting practices in your professional field. (2 Marks) 3) How (if at all) do you see your role, as it relates to the management of business finances, impacting others? (2 Marks) 4) Based on your understanding of your personal and professional responsibility in the workplace, identify 2 barriers to adhering to ethical accounting practices in the workplace. How can you overcome these barriers? (2 Marks) 5) Select one of the five principles of ethics from the above list. Identify processes, systems and behaviours that can be implemented to ensure this principle is upheld in a hospitality environment. (2 Marks)

Answer rating: 100% (QA)

1 As a hospitality professional my role and responsibility in relation to ethical and equitable accounting practices are to ensure accurate financial reporting transparency and compliance with financi... View the full answer