Most large companies and thousands of smaller ones have created, printed, and distributed "codes of ethics."
<h3>What is codes of ethics?</h3>
A code of ethics is a set of professional conduct conduct business in an honest and ethical manner.
Some key features regarding the codes of ethics are-
- A code of ethics document could outline the business or organization's mission and values, how professionals are expected to approach problems, ethical principles predicated on the organization's core values, as well as the standards that the professional is held.
- A code of ethics, also known as a "ethical code," may include topics like business ethics, professional practice codes, and employee codes of conduct.
- A compliance-based code of ethics, a valuation code of ethics, or a code of ethics among professionals are the three main types of codes of ethics.
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Answer:
When tax season comes, he hires an accountant from one of "the Big Four" accounting firms to help him file his business's tax return. In this scenario, John has most likely hired a <u>Tax</u> Accountant
Explanation:
A Tax Accountant helps the individual or businesses that hire them fill out their tax forms properly, advise them about future financial moves that can affect their taxes and file taxes with the appropriate documentation electronically so that your clients receive their refunds as quickly as possible.
They can work as a direct employee or as an independent contractor who runs their own business.
They take charge of tax preparation and help your clients to lower their tax obligations when filing tax returns.
If an individual is audited, they handle this audit for them to ensure that the individual gets through the process unharmed.
AP gives you a higher grade point average. Although, Duel Enrollment just requires you to pass the class but AP requires the test to be taken and passed to count towards college education.
Answer:
$162,000
Explanation:
Income Statement - New Offer
Sales (27,000 x $17) $459,000
Less Variable Costs of the offer :
Variable manufacturing costs (27,000 x $11) ($297,000)
Net Income (Loss) $162,000
therefore,
the amount of income from the acceptance of the offer is $162,000
Answer:
Tyler pays its employees $400 for work done.
Explanation:
An accounting transaction is <u>a financial event that has occurred already</u> and can be recorded in an organization's financial statement.
In this case,<em> the statement "Tyler pays its employees $400 for work done" is an example of a financial transaction because it has already occurred.</em>
