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Because ethical considerations are paramount in any business the standards of ethical conduct for managerial accounts will be reviewed in this paper as well. Included will be the main categories of the Institute of Management Accountants (IMA) Standards of Ethical Conduct for Management Accountants in addition to examples of possible violations for each category.
Accounting is often referred to by many as the language of business. Composing the measurement, disclosure or provision of assurance about financial information primarily used by decision makers to make resource allocation decisions within companies, organizations, and public agencies are some of the functions of accounts...
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