Sistema de gestion de contabilidad y etica

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About Ethics in Managerial Accounting
by Osmond Vitez, Demand Media

Managerial accounting is an internal business function responsible for managing a company’s financial information. Businessowners often use managerial accounting to allocate business costs to goods or services, prepare operational budgets and forecast production output or sales. Ethics is an important part of managerialaccounting, and companies may develop a code of ethics or conduct to set the expected ethical behavior for accountants.

The Institute of Management Accountants (IMA) is a professionalorganization responsible for creating managerial accounting guidelines. The IMA provides managerial accounting ethics for licensed accountants, and non-licensed accountants also can use these ethical standardsto govern their accounting career. The IMA’s ethical principles are based on honesty, fairness, objectivity and responsibility. IMA members must use these ethical principles when engaging inaccounting services for their company and the general public.

The IMA notes the following ethical standards in managerial accounting: competence, confidentiality, integrity and credibility.Competence is an accountant’s ability to use professional expertise and develop his accounting knowledge and skills. Confidentiality requires accountants to disclose information only at their supervisor’sdiscretion. Integrity prohibits managerial accountants from engaging in unethical conduct. Credibility refers to the accountant’s ability to communicate accounting information fairly and objectivelyto all business stakeholders.

Managerial ethics ensures all financial information is reported to business owners, directors or managers. Accountants who fail to report negative informationor use a company’s internal financial information for personal gain can create serious legal situations for businesses. Business owners often require all information, whether good or bad, when...
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