The Relevance Of Accounting Ethics In Accounting Education

The Relevance Of Accounting Ethics In Accounting Education

Abstract

This study examines the applicability of counting ethics in countingeducation.The account profession is being hovered because of high prospects from the public and their beliefs that embezzlement, bribery and corruption have come prominent in our society including the account profession. The broad ideal of the study is to find out the significant relationship between account ethics and counting education and also to find out if the moral principles contained in accountant class text influence members ’ geste appreciatively. The check exploration design is used in this study and a sample size of 50 was used which was chosen from the population of accountants working in account enterprises in Edo State. The chi-square statistical tool was used to test the quested suppositions and the findings revealed that there’s significant relationship between account ethics and counting education and that the moral principles contained in accountant class text influence members ’ geste appreciatively. It’s recommended amongst others that erecting a robust ethic structure that’s tone- sustaining will go a long way in strengthening account education.

Keywords Ethics, Accounting ethics, Accounting education, law of ethics

Chapter One

Preface

Background to the Study

The issue of what’s right or wrong, particularly in relation to mortal conduct, geste and station is the focus of what’s known as ethics There are principally two ways to determine the meaning of ethics. Etymologically, ethics is deduced from a Latin word that means customary. While ethics is deduced from the Greek word which means customary behavuiour, moral and character( Inegbenebor, 2012). But the focal point of this work is to relate the word ethics to the account profession, and to carry out a form of appraisal on the performance of accountants as concern ethical geste , whether accountants actually complies or not, and to the extent of their compliance.

Historically, ethics actually was unconsciously rehearsed in the field of counting right from the stewardship period of account( i.e. secretary data), where possessors of association anticipate their chronicler( s) or slavey( s) to be veracious, objective, honest and have courtesy in both recording and reporting of information that concerns the business and servants at that time, to a large extent greatly complied( Anibaba, 2002). But with the arrival of colorful professional bodies that now formally guide the account profession each over the world, a formulized ethical conduct is now established to guide the geste of professional accountant( s).

perambulator( 2010) noted that ethics in business isn’t just a watchword to please guests, it’s also the tools to maximize gains and to strengthen the brand, because the reports of enterprises which firstly comes from their ethical geste , brings about advanced guests recognition. In particular link to the account profession, ethical practices can be salutary to all request actors and stakeholders which will lead to rise in investors ’ confidence in the global capital requests. According to Smith( 2003), ethics has always been a sensitive conception of any profession in society, especially for career that’s nearly associated with profitable conditioning similar asaccounting.However, the quality of account services handed to the society won’t measure up to its value, for accountants, If there’s no professional ethics.

Clarke, Dean and Oliver( 2003) noted that counting ethics will always inseminate a public trust in the fairness of requests, allowing it to serve efficiently. In fact, the accountant is also faced with numerous issues as relating to competition, outstanding numbers, good fiscal statement, commissionsetc. where the pressure of the accountant has always been time restriction and cost control. Each client has different demand and purpose on its fiscal condition. As a result, accountants can produce the dilemmas of ethical issues when enterprises encounter fiscal problem.

Statement of Problem

The account profession is being hovered because of high prospects from the public and their beliefs that embezzlement, bribery and corruption as perverse our society include the account profession. still, the professional law of ethics provides for above the board conduct of an accountant if the accountant isn’t keeping to them it means the account profession will suffer so much in the near future, and this will come in form of deficit in patronage. Questions like do we really need the services of an accountant? Are accountant not part of this loose practice?

Exploration Questions

The following are the exploration questions of the study

What’s the significant relationship between account ethics and counting education?

ii. How do the moral principles contained in accountant class text influence members ’ geste ?

iii. Is there significant relationship between the law of ethics for accountants and inspection practice in Nigeria?

Ideal Of The Study

The objects of the study are

To find out the significant relationship between account ethics and counting education.

ii. To find out if the moral principles contained in accountant class text influence members ’ geste appreciatively.

iii. To ascertain the significant relationship between the law of ethics for accountants and inspection practice in Nigeria.

Statements Of Suppositions

To establish the fact in respects to this study, the following suppositions have been formulated

thesis One

HO There’s no significant relationship between account ethics and counting education.

HI There’s significant relationship between account ethics and counting education.

thesis Two

HO The moral principles contained in accountant class text don’t impact members ’ behavour appreciatively.

HI The moral principles contained in accountant class text influence members ’ geste appreciatively.

thesis Three

HO There’s no significant relationship between the law of ethics for accountants and inspection practice in Nigeria.

HI There’s significant relationship between the law of ethics for accountants and inspection practice in Nigeria.

Significance of the Study

Thestudy of ethics will be of utmost significance to the following

profitable The study is economically applicable to companies, enterprises and diligence that bear the services of an accountant.

Social It’ll fraternize other professional on the places and functions of the account profession as well as enlighten them on the moral conduct of accountant and discipline melted out for misconduct.

Academic This study will be a starting point for farther exploration work.

Compass Of The Study

The compass of the study deals counting ethics and counting education. To be specific, the study didn’t cover all ramifications of ethics as relates counting profession in Nigeria. Geographical region of the study is Edo State using a time frame of 5 times( 2012 – 2016). A sample size of 50 was used.

Limitations of the Study

The limitation of this study includes lack of co-operation from repliers as some questions weren’t answered. The study is substantially indigenous in and nature so information inspired from the Internet was grossly shy. Also during the cause of this study, the cost of transportation on sourcing for precious literature was also one limiting factor. The study was limited to five inspection enterprises in Edo State. Complete arbitrary slice wasn’t possible.

Description Of Terms

Account The American Accounting Association sees as methodical process of recording, classifying, interpreting, assaying, communicating and recapitulating the fiscal data of an association to enable the stoner make decision.

Applicability It’s commodity that’s significance or significant in that situation or to a person.

Ethics It refers to the wisdom of morals, that branch of gospel which is concerned with mortal character and conduct, a system of morals, rules of geste , a composition or morals. It’s an adherence to once professional law.

Account Ethics Accounting ethics actually was unconsciously practice in the field of counting right from the stewardship period of account( i.e. secretary

data), where possessors of association anticipate their chronicler( s) or slavey( s) to be veracious, objective, honest and have courtesy in both recording and reporting of information that concerns the business and servants at that time, to a large extent greatly complied.

Education It’s an institution of literacy that helps to make up an individual or to expand the knowledge of the people.