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Assume the following role and describe a situation in which ethical considerations play an important part in guiding your decisions and actions:

a. You are a student in an introductory accounting course.

b. You are a manager with responsibility for several employees.

c. You are an accounting professional preparing tax returns for clients.

d. You are an accounting professional with audit clients that are competitors in business.

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Assume the following role and describe a situation in which ethical considerations play an important part in guiding your decisions and actions:

a. You are a student in an introductory accounting course.
I am a student in an introductory accounting course. During my mid-term exams I was given a take home assignment in which I had to write some journal entries, post them in relevant accounts and make a trial balance. At the end of the assignment, I found that my trial balance did not balance, that is the two sides of the trial balance did not add up the same figure. This means I had made a mistake. The instructor had told us not to consult with other students. I had a choice, if I asked a friend and identified the error, I would get at least one grade higher. However, ethical consideration played an important part. I submitted an unbalanced trail balance as I was not able to detect the error. A couple of marks were deducted but I was proud that I had behaved in an ...

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