Yo! Look at us, both having internships! I read about an accounting scandal the other day. Who knew accounting could have so much drama! What are some of the ethical standards required in management accounting?
Engineering and accounting for the win! An ethical accountant will double-check all calculations, consult an objective advisor on daily work to ensure integrity, and discuss all problems with executives.
I know right! Acting ethically as a managerial accountant includes things like just being good at my job, keeping confidential information confidential, and being objective when sharing information with decision-makers.
Go us! Acting ethically as a managerial accountant means doing everything with the best interests of the company in mind. This could look like postponing recognition of costs so financial statements appear better, or not disclosing unfavorable information to show the company in a better light.