Based on your definition, discuss the correlation between ethics, morals, and values. Provide an example of one good ethical practice when making journal entries.

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This week’s discussion supports the Ethical Decisions in Accounting assignment due in Week 8, which addresses ethics and its importance in financial reporting. Please respond to the following:

  1. Define ethics.
  2. Based on your definition, discuss the correlation between ethics, morals, and values. Provide an example of one good ethical practice when making journal entries.
  3. Please include one quality academic source.
    1. Students can utilize Strayer University Online Library, academic articles, AICPA, FASB Home, PwC: Audit and Assurance, Consulting and Tax Services, EY US – Home | Building a Better Working World, Deloitte US | Audit, Consulting, Advisory, and Tax Services, The American Accounting Association, KPMG International – KPMG Global, or other government websites.
  4. Be sure to respond to at least one of your classmates’ posts.