Question 1)

A. In your own words, prepare a definition for accounting that incorporates the concept of accountability.

B. Reflect back on your own employment experience (and/or business dealings that you have had as either a customer or as a business owner). Explain an ethical dilemma that you have faced personally (either as an employee, a customer or as a business owner). In your response, briefly discuss: i. What were the relevant facts of the dilemma / scenario? ii. What were the alternative courses of action that you considered and weighed up, when you were deciding what to do? iii. What values were important to you, when you were deciding what to do? iv. As you reflect back on the situation, is there anything that you would do differently if you were faced with a similar dilemma again now?

C. You are currently applying for a job (as an accountant) at a large business. As part of the application process, you have been asked to provide a personal values statement. Prepare a concise personal values statement (1-3 sentences in length) that reflects your values and view of the notion of accountability.