answering challenge questions
answering challenge questions
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Practical exPerience requirements (Per) challenge questions samPle answers 01 03 04 05 08 10 13 15 17 19 Demonstrate the application of professional ethics, values and judgement Raise awareness of non-financial risk Manage self Communicate effectively Improve departmental performance Prepare financial statements for external purposes Contribute to budget planning and production Evaluate potential business/investment opportunities and the required finance options Prepare for and collect evidence for audit Evaluate and compute taxes payable 6 7 8 10 12 13 14 15 16 17 4 5
answering challenge questions
CONTENTS
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As a guide, someone who doesn’t know your work should be able to read your answer and fully understand and appreciate what work you have completed. Use these sample answers as a guide, and remember that you will also need to talk through your answers with your workplace mentor – which gives you another opportunity to demonstrate your achievement and gain sign off.
answering challenge questions
CHALLENGE QUESTIONS
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demonstrate the application of professional ethics, values and judgement question 1 Describe an occasion on which you haD to Demonstrate ethical behaviour sample answer In my current position, I am in charge of the disbursement of petty cash claims up to a maximum of $200. The correct procedure is for the employee to complete the petty cash claim form before obtaining two levels of approvals from their immediate supervisor and the general manager. A higher-ranking colleague had coerced me to provide him with some petty cash after getting the approval from his immediate supervisor but before obtaining clearance from the general manager. From my colleague’s perspective, he felt that his claims would be approved by the general manager as he was just claiming for normal entertainment expenses. However, after some further consideration, I decided that I had to comply with the workflow and control
2. Give some examples of ethical issues that you have experienced in jobs, and explain how HR did or did not help resolve them.
Another limit to ethical behaviour at McDonald’s might be training and discipline within the company. For example, if an experienced employee was selected for a course or was offered a promotion, another employee might find it unfair and discriminative. Similar situation could possibly happen when it comes to discipline, for example a manager would treat employees making the same mistake differently and favour one person more than another. If any of the employees made an official complaint about any of those, it could lead to publicity’s hesitation and bad relations between employees within the company and its suppliers.
Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,
This should include a properly formatted title page, a one-page topic description, and a list of three references to outside sources.
1. Discuss an ethical dilemma that you have had to face in the workplace. Ethical dilemmas
Ethical theory will be outlined in relation to the example case with discussion on how the case poses an ethical dilemma in the workplace. Additionally ethical theory will be considered in light of the case with
Of the three case studies provided thus far, this case study poses the most moral and ethical question. The first being is it
Ethical issues are a matter that every type of business and economy has to work on at some point. Companies, enterprises, agencies, universities, and schools, they all have to deal with moral and ethical matters, and since eventually most of us will enroll one of them, these issues should be a matter of concern to all of us. In a work environment, persecution, discrimination, harassment, intimidation, and bullying indicate an unethical conduct, and these types of behaviors are certainly difficult to manage in the workplace.
Option 1: Implement a training program about some practical financial and accounting skills for employees.
In the workplace as well as one’s personal life is essential for ethics to be maintained; often taking the right action is not always the most popular choice. It is important for maintaining an upstanding ethical code of conduct to be a productive individual as well as function as an employee in the workplace.
Looking further into my current model I will describe an ethical situation that occurred recently at the PRACTICE and use my favorite model to describe each step involved. The situation began with a client who walked into my job at the
In today's business and personal world, ethical decisions are made on a daily basis. Most of these decisions are based on company ground rules. The others are based on personal ground rules. All decisions can have a number of ground rules that help us determine whether our decision is ethical or unethical. Each decision whether it is based on company or personal ground rules will have its own set of implications. In the following paragraphs I will discuss the impacts of ethics on decision-making, discuss the elements of an ethically defensible decision, define what the ground rules are; what they could be and what they should be, discuss
When asked to reflect on an ethical dilemma that I faced in life, it really makes me think of all the possible situations that happened in my personal and professional life. There are several instances where I have faced ethical dilemma but I wish to point out to one such instance that I encountered at my workplace where I was able to take decision based on my conscience and I feel I have made the right choice and below is the reflective account of that incident.
Ø Give some specific examples of ethical issues that confront businesses and how these might be addressed.
Ethical behaviour is what all career people should aim to have. Not just the ethical attribute but exceptional behaviour with this regard.this is because in order to build a career, one must be governed by the rules of ethics to safeguard oneself and others. Ethics are essential in the workplace because a tough ethical code provides a non-threatening environment with high