Bookkeeping Ethics JSS3 Business Studies Lesson Note

Working in a bookkeeping role means that you have the responsibility of behaving in the interest of the public.  Bookkeepers need to behave ethically and professionally, reflecting a commitment to the public interest.

Ethics refer to morals and principles, that govern a person’s behavior or conduct.

Transparency, Accountability, and Probity.

Transparency: This means honesty and trustworthiness.

Accountability: This means readiness to take account of all the transactions that take place during business operations. It means being able to give a reason or an explanation for an action, money, or responsibility in a clear manner.

Probity; This means being upright, having high morals and integrity in the way one handles responsibility and funds in one custody.

 EVALUATION 

Explain the meaning of TAP.

 REFERENCE

WABP Business Studies JSS 2 by Egbe T Ehiametalor pg 97 

 NEED FOR TAP

1. It promotes integrity
2. It makes the public trust those in government and the private sector.
3. It institutes openness in all forms of business transaction
4. It reduces corruption.
5. It institutes respect for the rule of law.
6. It reduces the waste of taxpayer’s money.
7. It makes citizens of a country to be well-informed about government action.
8. It institutes good government and good governance
9. It establishes a known and acceptable way of doing business.

 ATTRIBUTES OF TAP:

1. Truthfulness: The public should be told the truth on any issue, especially contentious ones at all times.
2. Openness: Every action taken must be open to public debate and criticism.
3. Fairness: An organization must not be seen to favour any person, group, or entity.
4. Impartiality: Everybody must be treated fairly and equally to avoid favoritism.
5. Due process: The laid down procedure for carrying out any action, especially government contracts must be followed.
6. Respect for the rule of law: What the law says must be obeyed to the letter no matter who is involved.
7. Free flow of information: Information on any action must be made available to those who want to find out what has happened.

 EVALUATION 

Mention five attributes of TAP.

 READING ASSIGNMENT

WABP Business Studies JSS2 by Egbe Ehiametalor.

 GENERAL EVALUATION

1. What is insurance?
2. What is a business opportunity?
3. How many vowels does Pitman shorthand have?
4. Mention three sanctions for those who do not display punctuality and regularity at work.
5. Mention two methods of buying and selling.

 WEEKEND ASSIGNMENT

1. ——- is honesty and trustworthiness. (a) Probity (b) Trustworthiness (c) Achievement (d) Accountability.
2. The readiness to give reasons for any action is —— (a) probity (b) accountability (c)trustworthiness (d) achievement.
3.  Being upright and having high morals is —– (a) probity (b) accountability (c) transparency (d) achievement.
4. One of these is not a reason for TAP (a) Promotion of integrity (b) Reduction of corruption (c) Respect of rule of law (d) making super profit.
5. Which one is not among the attributes of TAP (a) corruption (b) Openness (c) Fairness (d) Truthfulness?

 THEORY

1. What do you understand by TAP?
2. Mention five attributes of TAP.