IESBA Code of Ethics (2013 Handbook)

Fundamental principles
Integrity
Objectivity
Professional competence & due care
Confdentiality
Professional behaviour
Consequences of unethical behaviour
Standards
Dilemmas
Centralised
Decentralised
Combination
Risk management
vs
Supply chain management
Cost centre
Proft centre
Outsourced
Introduction to
management
accounting
(including
ethics)
Efective communication
Needs
Stakeholders
Can afect or afected by:
- actions
- objectives
- policies
- decisions
Ethics
Part A General application (ss 100-150)
Part B In Public Practice (ss 200-291)
Directly
impacted
Indirectly
impacted
Part C In Business (ss 300-350)
Threats
Self-interest
Self-review
Advocacy
Familiarity
Intimidation
Safeguards
Obligations
Written reports
Financial reports
Trac-light reports
Balanced scorecard
reports
Level of detail
Presentation of
information
Groups vs. individuals
Primary (key) vs. secondary
Time frame
Determine key stakeholders
Management accounting vs.
Financial accounting
Supports strategic decisions and initiatives
Management accounting process
Understanding the business information requirements
Gathering information
Analysing and interpreting the information
Drawing conclusions based on analysis
Presenting information and making recommendations
Information requirements
Accurate
Cost-eective to obtain
Consistent
Timely
Role of
management
accounting
Treasury
function