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Ethical roles in accounting

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What role can an accounting professional play in ethical corporate decision making?

Should an accounting professional play a role even when if he or she is not the final decision maker? Explain your answer.

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The solution describes the ethical role of the accounting professional.

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In many business situations, the accountant may be one of only a few decision makers or counsel to decision makers whose morale stance may be in stark contrast to other stakeholders. For example, most executives may be primarily concerned with share price performance. Sales staffers are most likely to be highly concerned with increased sales. The accountants are probably in the minority considering the costs more than the benefits.

Consider a company that is considering purchasing a large piece of processing equipment. The firm will be able to increase sales by 10% almost immediately as a result of the purchase. Because the firm's recent ...

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