Periodic Ethics Workshops Can Help Sensitize People to Workplace Circumstances

question 79

True/False

Periodic ethics workshops can help sensitize people to workplace circumstances in which ethics issues may arise.

Recognize the objectives and protections offered by the Canadian Human Rights Act.

Identify what constitutes legal direct and indirect discrimination.

Grasp the concept of bona fide occupational requirements and their applications.

Understand the implications of human rights legislation on employment practices including accommodation, measurement, and performance standards.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the company's books for the next period.

Income Summary

A temporary account used in closing process to summarize the results of a period's revenues and expenses.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Closing Entry

An accounting action that transfers the balances from temporary accounts to permanent ones at the end of an accounting period.