Posted on: February 12, 2020

Professor Morrison Discusses Ethics from an Accounting Perspective

Professor Morrison Discusses Ethics from an Accounting Perspective

Ethics is integral to the accounting profession. Specifically, the trust society places on those charged with recording, reporting, and auditing financial information.  Accountants’ expertise is relied upon by management, creditors, regulators, stockholders, and anyone whose investments are tied to financial indicators, including most retirement funds.  Public assurance that accountants produce and distribute accurate and honest information is essential for the country to maintain a healthy investment environment.  The importance of ethics in accounting is recognized within the industry as well.  While criteria for earning a Certified Public Accountant (CPA) license varies across states, required annual ethics training to maintain licensure is universal.  For these reasons it is critical that accounting and financial training rest on a solid ethical foundation.

I currently teach Financial and Managerial Accounting at Fairfax University of America (FXUA). The focus of these courses are to educate students  

  • How to prepare financial statements in accordance with Generally Accepted Accounting Principles.  
  • How to perform financial statement analysis.
  • How to make sound business decisions.  

Accounting is a profession that values consistency and conformity. Students are required to prepare statements based on authoritative standards. Deviation from these standards are unacceptable.  Therefore, the assurance of academic integrity for my courses is chiefly driven by the prevention of dishonest behavior during the quizzes and exams students take to measure their knowledge of accounting standards and reporting.  Ensuring academic integrity contributes to the fairness of the grading system and promotes independent academic efforts.