One of your first tasks as the new contract bookkeeper for Simon Smith and Jenny Jones, is to provide some assistance with an ethical issue
TASK 3
Ethics and good business practice
One of your first tasks as the new contract bookkeeper for Simon Smith and Jenny Jones, is to provide some assistance with an ethical issue.
The issue involves the manager of the Cafe who has only recently been taken on. It seems that he has been making inappropriate claims from petty cash.
Simon Smith has asked you to consider drafting a code of practice for his business operations to assist him with dealing with this issue.
Part A
Explain the importance of ethical practice in business operations. In your answer identify and explain two key concepts of true and fair business ethics that you
would include in a business ethics document.
Part B
Draft a section of a code of practice that deals with business and personal expenses. Identify what is appropriate and what is not. Also highlight the most appropriate method of recouping expenses.
Hint
"Business ethics help owners, managers, employees, and shareholders work together to pursue the purpose of their venture and to achieve its goals and objectives.The key elements of ethics in any business are• Confidentiality• Technical integrity• Honesty• Creation of an open environment"...
"Business ethics help owners, managers, employees, and shareholders work together to pursue the purpose of their venture and to achieve its goals and objectives.
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