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Professional Ethics

Total questions: 8

Worksheet time: 8mins

Name
Class
Date
1.

The Principles of right or wrong that guide an individual in making decisions

a)

Ethics

b)

The Law

c)

Code of Conduct

d)

Integrity

2.

Company property or assets are for business purposes and not for personal use

a)

True

b)

False

3.

A bookkeeper should always present the facts objectively and refrain from slanting information in a misleading way. This Fundamental Principle is:

a)

Integrity Standard

b)

Professional Competence

c)

Objectivity

d)

Professionalism

4.

These are broad, general statements or “rules” and “procedures” that serve as guides in the practice of accounting

a)

General Accounting Procedures

b)

Accounting Ethics

c)

Professionalism

d)

Accounting Principles

5.

A written policy document issued by expert accounting body or body of government or regulatory body covering the aspects of recognition, treatment, measurement, presentation and disclosure of accounting.

a)

Rule of Conduct

b)

Accounting Standard

c)

Accounting Ethics

d)

Accounting Guidelines

6.

The following 4 are Accounting Standards,

Integrity,

Objectivity,

Professional Competence and Due Care and

Confidentiality (a)  

Name the 5th Accounting Standard...

7.

What report states

Sustainability means:

“Development that meets the needs of present without compromising the ability of future generations to meet their own needs”

a)

The Starbucks Report

b)

The Brundtland Report

c)

The Enron Report

8.

Bookkeeping is a detail-oriented career that requires knowledge and skills to do the job correctly. Which Principle is this?

a)

Independence

b)

Competence

c)

Integrity

d)

Objectivity