Ethics (Grade 10 NSC Matric Accounting): Flashcards

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Code of Ethics and Basic Principles
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Code of ethics

Written statement outlining norms & acceptable workplace behaviour

Ethics

Moral principles of a profession that guide behaviour

Ethical conduct

Acting in accordance with moral principles professionally

Transparency

Conducting yourself so it's clear you have nothing to hide

Accountability

Taking responsibility for what you say & do, justifying actions

Fairness

Quality of being reasonable & just, judging without bias

The 3 Ps in responsible management

People, Planet, Profit

Integrity

Honesty, efficiency, sincerity & upholding of values and norms

Confidentiality

Keeping business information private and secure

Objectivity

Ability to act in an unbiased way, not influenced by feelings

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