Business ethics
Free IMA CMA Part 2 (Strategic Financial Management) lesson in Professional Ethics. 13 min read, ~1,927 words.
Business ethics applies moral principles (honesty, fairness, accountability) to commercial conduct, beyond legal compliance. Four operating pillars: fairness (consistent treatment), integrity (act matches word), due diligence (reasonable care before commitment), fiduciary responsibility (beneficiary first). Fraud splits into two families: asset misappropriation (employee steals from employer) and financial-statement manipulation (management lies...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 2F1
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