CODE OF ETHICS FOR MANAGERIAL ACCOUNTANTS AND INFORMATION PRESENTATION

Abstract

A code of ethics is a set of rules, regulations, principles and guidelines of good conduct issued as a standard of practice for a particular professional group to maintain and encourage honor, reputation, and status of its members. For accountancy, it is an independent profession that totally emphasizes the importance of the code of ethics because accountants have to present financial data to users inside and outside the organization. In terms of managerial accounting, managerial accounting information submitted to executives and in-house staff is a data presentation based on user needs in order to take into account when making decisions. The form and content do not conform to the law as financial accounting does. Therefore, the code of ethics for managerial accountants has a crucial role as a practical guidance to maintain the dignity of accountancy.