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| the key functional inputs that an organization provides in the transformation of raw materials into a delivered product or service |
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| ethical choices that offer the greatest good for the greatest number of people |
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| actions are taken out of duty and obligation to a purely moral ideal, rather than based on the needs of the situation, since the universal principles are seen to apply to everyone, everywhere |
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| the function that keeps track of all the company's financial transactions by documenting the money coming (credits) and money going out (debits) and balacing the accounts at the end of the period (daily, weekly, monthly, quarterly, annually) |
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Definition
the certification of an organization's financial statements, or books as being accurate by an impartial third-party professional. An organization can be large enough to have internal auditors on staff as well as using external professionals-typically certified professional accountants and/or auditing specialists
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| the generally accepted accounting principles that govern the accounting profession-not a set of laws and established legal precedents, but rather a set of standard operating procedures within the profession |
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| a situation where one relationship or obligation places you in direct conflict with an existing relationship or obligation |
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| the values, beliefs, and norms that all the employees of that organization share |
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