Answer
Accountants must perceive that moral dimensions of some given situations since GAAP does not define or even cover all specific features that are to be reported in financial statements. In such circumstances, accountants must choose among the most viable alternatives.
Work Step by Step
Many are the times that these accounting choices influence whether particular stakeholders may be harmed or benefited. to this effect, moral decision making requires awareness of potential harm or even benefit thus taking responsibility for the choice.
