International Journal of Management and Business Studies

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 6 (7), pp. 399-407, October, 2016. © International Scholars Journals

Full Length Research Paper

Recommendations in advancing education ethics in Management Accounting studies in Ghana

David John Aaron1*, Ben Harry Charles2 and Nana Majid Kofi2

1Department of Accounting, Henley Business School, University of Reading, UK.

2Department of Accounting, University of Ghana Business School, Legon, Ghana.

E-mail: john.davis9@hotmail.com

Accepted 15 July, 2016

Abstract

Management accounting in recent times, and perhaps rightly so, has begun to gain recognition as a profession separate and complimentary to financial accounting. Evidence exists to suggest that management accountants are exposed to a unique set of ethical challenges within industry and that a significant high number of management accountants have engaged in unethical practices in performing their jobs. For the accounting profession as a whole, the growing number of corporate failures has created a credibility crisis that requires a deliberate intervention to mitigate. If this is not addressed sooner, the accounting profession stands the risk of losing relevance. Scholarship on ethical issues in accounting practice have either focused mostly on financial accounting or have sought to combine ethical issues for financial and management accounting. Various arguments have been made in recent times of the need to treat ethical issues in behavioural studies as context-specific and therefore separate ethical considerations in management accounting from financial accounting. This study adopts an approach, following various literature, that effective ethics education can help practitioners deal appropriately with ethical issues at the work place, and explores students’ and faculty members’ perceptions on current practices in ethics education. As expected, faculty and students differ significantly on a wide range of issues on ethics education in management accounting. Based on the insights provided from this study, appropriate recommendations have been made to improve ethics education in management accounting.

Key words: Management accounting, ethics education, ethics, accounting scandals.