Ethical Professional Practice for Management Accounting Members

Managerial Accounting

ACC6001

Ethical Professional Practice for Management Accounting Members

Submitted by Rajaa Khaled Ammar Faisal

ID 12036

Contents

Professional Ethical principals        

Professional Ethical Standards        

Job Profile        

The Ethical Principles and Standards of Sharjah Police        

The Importance of Ethical Principles and Standards        

Applying Ethical principles and standards in Sharjah police        

Works Cited        

Professional Ethical principals

IMA is the institute of management accounting, it is a professional organization and it is responsible for developing guidelines of managerial accounting which leads licensed and non-licensed accountants towards ethical behavior in their career.

It is based on four principals which are:

• Honesty
• Fairness
• Objectively
• Responsibility

 These principles must be used by the IMA members when they are engaged in any accounting services whether it is for their company or for the general public. (Osmond Vitez)

Professional Ethical Standards

IMA has also created standards that all members have to comply and in case they didn’t it will result in disciplinary action toward that member, they are:

• COMPETENCE: each member must work hard to continue developing his skills and knowledge to maintain an appropriate professional level, he must also follow regulations and rules while performing his duty, moreover he must provide the accurate information for decision makers which supports their decisions.
• CONFIDENTIALITY: all information must be confidential unless it is required by authority or law, the member should inform all relevant parties about the right way of using confidential information, and also the member must avoid miss using those information unethically or in any way that gives his illegal advantage.
• INTEGRITY: members must keep open communication with all business associates in order to avoid any kind of conflicts of interest, they should also avoid engaging in any kind of conduct that may reflect that the person is doing his duties an ethically.
• CREDIBILITY: all kind of information must be communicated objectively and fairly to everyone, and also all relevant information that could influence the understanding of a report, recommendations, or analyses must be disclosed. (www.imanet.org)

Job Profile

I work as an instructor in Sharjah police, in Social Support Department. My audience differ from one lecture to another, because I give EFR courses to the employee of Sharjah police and other local organizations, and in the same time I give lectures to students in the schools about the safety and security in a program which was published by Sharjah police in 2010 by the name Security Culture, and in the same time I play a great role in organizing this program along with other associates.