Read the following scenarios and answer the questions that follow:

i)

A young graduate has just been employed as the Receivable Officer, responsible

for billing of customers, maintaining customers accounts and preparing monthly

control accounts. Management has found out that the officer has not been

straightforward and honest in the discharge of his duties. He was found to be

cutting corners and connives with the customers to understate their bills and

accounts in order to enrich himself. Management has fired him sadly.

ii)

You met a friend in church recently and she was looking very flashy, showing

clearly that she got a good job. Upon a short conversation, she indicated that she is

blessed to be in charge of the payroll of the company. In fact, she told you exactly

how much your four other mates working in that organisation are earning. She went

further to inform you that the new car driven by Jojo, a popular mate back in school,

was a loan of GHc100,000 he took from a bank and the bank is currently taking all

his salaries to settle the loan over five years period.

iii)

A colleague of yours at work has just been fired recently. The reason for the

dismissal is that he does not have good knowledge of accounting and could not

operate the accounting softwares he has indicated on his CV that he is capable of

operating proficiently. In addition, he failed to demonstrate his knowledge in

taxation as he cannot prepare the required tax returns submission to Ghana Revenue

Authority.

Required:

Using what you have learnt about the fundamental principles of the Code of Ethics of IFAC

from the ISW organised by the Department of Accounting, advise each of the three persons

involved in each of the three scenarios. Your responses should include, but not limited to:

The fact of the case

The ethical principle involved

Resolution of the issue

Read the following scenarios and answer the questions that follow:

i)

A young graduate has just been employed as the Receivable Officer, responsible

for billing of customers, maintaining customers accounts and preparing monthly

control accounts. Management has found out that the officer has not been

straightforward and honest in the discharge of his duties. He was found to be

cutting corners and connives with the customers to understate their bills and

accounts in order to enrich himself. Management has fired him sadly.

ii)

You met a friend in church recently and she was looking very flashy, showing

clearly that she got a good job. Upon a short conversation, she indicated that she is

blessed to be in charge of the payroll of the company. In fact, she told you exactly

how much your four other mates working in that organisation are earning. She went

further to inform you that the new car driven by Jojo, a popular mate back in school,

was a loan of GHc100,000 he took from a bank and the bank is currently taking all

his salaries to settle the loan over five years period.

iii)

A colleague of yours at work has just been fired recently. The reason for the

dismissal is that he does not have good knowledge of accounting and could not

operate the accounting softwares he has indicated on his CV that he is capable of

operating proficiently. In addition, he failed to demonstrate his knowledge in

taxation as he cannot prepare the required tax returns submission to Ghana Revenue

Authority.

Required:

Using what you have learnt about the fundamental principles of the Code of Ethics of IFAC

from the ISW organised by the Department of Accounting, advise each of the three persons

involved in each of the three scenarios. Your responses should include, but not limited to:

The fact of the case

The ethical principle involved

Resolution of the issue

Read the following scenarios and answer the questions that follow:

i)

A young graduate has just been employed as the Receivable Officer, responsible

for billing of customers, maintaining customers accounts and preparing monthly

control accounts. Management has found out that the officer has not been

straightforward and honest in the discharge of his duties. He was found to be

cutting corners and connives with the customers to understate their bills and

accounts in order to enrich himself. Management has fired him sadly.

ii)

You met a friend in church recently and she was looking very flashy, showing

clearly that she got a good job. Upon a short conversation, she indicated that she is

blessed to be in charge of the payroll of the company. In fact, she told you exactly

how much your four other mates working in that organisation are earning. She went

further to inform you that the new car driven by Jojo, a popular mate back in school,

was a loan of GHc100,000 he took from a bank and the bank is currently taking all

his salaries to settle the loan over five years period.

iii)

A colleague of yours at work has just been fired recently. The reason for the

dismissal is that he does not have good knowledge of accounting and could not

operate the accounting softwares he has indicated on his CV that he is capable of

operating proficiently. In addition, he failed to demonstrate his knowledge in

taxation as he cannot prepare the required tax returns submission to Ghana Revenue

Authority.

Required:

Using what you have learnt about the fundamental principles of the Code of Ethics of IFAC

from the ISW organised by the Department of Accounting, advise each of the three persons

involved in each of the three scenarios. Your responses should include, but not limited to:

The fact of the case

The ethical principle involved

Resolution of the issue

Read the following scenarios and answer the questions that follow:

i)

A young graduate has just been employed as the Receivable Officer, responsible

for billing of customers, maintaining customers accounts and preparing monthly

control accounts. Management has found out that the officer has not been

straightforward and honest in the discharge of his duties. He was found to be

cutting corners and connives with the customers to understate their bills and

accounts in order to enrich himself. Management has fired him sadly.

ii)

You met a friend in church recently and she was looking very flashy, showing

clearly that she got a good job. Upon a short conversation, she indicated that she is

blessed to be in charge of the payroll of the company. In fact, she told you exactly

how much your four other mates working in that organisation are earning. She went

further to inform you that the new car driven by Jojo, a popular mate back in school,

was a loan of GHc100,000 he took from a bank and the bank is currently taking all

his salaries to settle the loan over five years period.

iii)

A colleague of yours at work has just been fired recently. The reason for the

dismissal is that he does not have good knowledge of accounting and could not

operate the accounting softwares he has indicated on his CV that he is capable of

operating proficiently. In addition, he failed to demonstrate his knowledge in

taxation as he cannot prepare the required tax returns submission to Ghana Revenue

Authority.

Required:

Using what you have learnt about the fundamental principles of the Code of Ethics of IFAC

from the ISW organised by the Department of Accounting, advise each of the three persons

involved in each of the three scenarios. Your responses should include, but not limited to:

The fact of the case

The ethical principle involved

Resolution of the issue

Read the following scenarios and answer the questions that follow:

i)

A young graduate has just been employed as the Receivable Officer, responsible

for billing of customers, maintaining customers accounts and preparing monthly

control accounts. Management has found out that the officer has not been

straightforward and honest in the discharge of his duties. He was found to be

cutting corners and connives with the customers to understate their bills and

accounts in order to enrich himself. Management has fired him sadly.

ii)

You met a friend in church recently and she was looking very flashy, showing

clearly that she got a good job. Upon a short conversation, she indicated that she is

blessed to be in charge of the payroll of the company. In fact, she told you exactly

how much your four other mates working in that organisation are earning. She went

further to inform you that the new car driven by Jojo, a popular mate back in school,

was a loan of GHc100,000 he took from a bank and the bank is currently taking all

his salaries to settle the loan over five years period.

iii)

A colleague of yours at work has just been fired recently. The reason for the

dismissal is that he does not have good knowledge of accounting and could not

operate the accounting softwares he has indicated on his CV that he is capable of

operating proficiently. In addition, he failed to demonstrate his knowledge in

taxation as he cannot prepare the required tax returns submission to Ghana Revenue

Authority.

Required:

Using what you have learnt about the fundamental principles of the Code of Ethics of IFAC

from the ISW organised by the Department of Accounting, advise each of the three persons

involved in each of the three scenarios. Your responses should include, but not limited to:

The fact of the case

The ethical principle involved

Resolution of the issue

Read the following scenarios and answer the questions that follow:

i)

A young graduate has just been employed as the Receivable Officer, responsible

for billing of customers, maintaining customers accounts and preparing monthly

control accounts. Management has found out that the officer has not been

straightforward and honest in the discharge of his duties. He was found to be

cutting corners and connives with the customers to understate their bills and

accounts in order to enrich himself. Management has fired him sadly.

ii)

You met a friend in church recently and she was looking very flashy, showing

clearly that she got a good job. Upon a short conversation, she indicated that she is

blessed to be in charge of the payroll of the company. In fact, she told you exactly

how much your four other mates working in that organisation are earning. She went

further to inform you that the new car driven by Jojo, a popular mate back in school,

was a loan of GHc100,000 he took from a bank and the bank is currently taking all

his salaries to settle the loan over five years period.

iii)

A colleague of yours at work has just been fired recently. The reason for the

dismissal is that he does not have good knowledge of accounting and could not

operate the accounting softwares he has indicated on his CV that he is capable of

operating proficiently. In addition, he failed to demonstrate his knowledge in

taxation as he cannot prepare the required tax returns submission to Ghana Revenue

Authority.

Required:

Using what you have learnt about the fundamental principles of the Code of Ethics of IFAC

from the ISW organised by the Department of Accounting, advise each of the three persons

involved in each of the three scenarios. Your responses should include, but not limited to:

The fact of the case

The ethical principle involved

Resolution of the issuev