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Colegio NG Lungsod NG Batangas

The document outlines a Quality Culture Plan for J&M Accounting Firm, focusing on defining quality in accounting, the impact of high-quality financial reporting, and the role of ethics in global competitiveness. It details management practices like Total Quality Management and internal controls, along with ethical considerations such as employee incentives and transparency. Additionally, it emphasizes community engagement through financial education workshops and employee volunteer programs to promote a quality-driven culture.

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Jenalyn Guzman
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0 views3 pages

Colegio NG Lungsod NG Batangas

The document outlines a Quality Culture Plan for J&M Accounting Firm, focusing on defining quality in accounting, the impact of high-quality financial reporting, and the role of ethics in global competitiveness. It details management practices like Total Quality Management and internal controls, along with ethical considerations such as employee incentives and transparency. Additionally, it emphasizes community engagement through financial education workshops and employee volunteer programs to promote a quality-driven culture.

Uploaded by

Jenalyn Guzman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Republika ng Pilipinas

Lungsod ng Batangas
COLEGIO NG LUNGSOD NG BATANGAS
www.clb.edu.ph | [email protected] | [email protected]
Tel. No.: (043) 784-7740 | (043) 784-7771

Canieso, Jenalyn G. March 15, 2025

Ebora, Melvin C. CBME1_PT/BSA II-1

Building a Quality-Driven and Ethical Accounting Practice

Quality Culture Plan

Key Focus Area Description Application for J&M Accounting Firm


1. Definition of Quality in Accounting Quality in accounting measures J&M Accounting Firm delivers
accuracy, reliability, relevance, and precise and dependable financial
compliance with IFRS and GAAP. It information by strictly adhering to
guarantees ethical, transparent, and industry standards and continuously
error-free financial reporting. improving processes.
2. Impact of High-Quality Financial Provides trustworthy financial J&M Accounting Firm implements
Reporting statements, attracting investors and rigorous internal controls, audit
ensuring compliance with global checks, and accountant training to
standards. maintain financial transparency.
J&M Accounting Firm upholds strict
Role of Ethics in Global Ethical practices (avoiding fraud, ethical standards, ensuring
Competitiveness following laws, and maintaining transparency and credibility in
integrity) build credibility and financial reporting.
investor confidence, enabling
businesses to expand globally
3. Quality Management Practices

(1) Total Quality Management (TQM) A continuous improvement approach J&M Accounting Firm applies TQM
that enhances accuracy, efficiency, to ensure consistent improvements
and customer satisfaction by involving and high-quality accounting services.
all employees.

(2) Internal Controls & Audits Policies and procedures designed to J&M Accounting Firm enforces strong
ensure financial integrity, prevent internal controls and conducts regular
fraud, and maintain compliance audits to uphold financial accuracy
through regular audits. and accountability.
Republika ng Pilipinas
Lungsod ng Batangas
COLEGIO NG LUNGSOD NG BATANGAS
www.clb.edu.ph | [email protected] | [email protected]
Tel. No.: (043) 784-7740 | (043) 784-7771

4. Ethical Considerations
(1) Employee Incentive Programs Develop a rewards system that J&M Accounting Firm will implement
recognizes employees for maintaining an incentive program where
high-quality work and ethical employees demonstrating excellence
behavior. Incentives may include in quality and ethics receive rewards,
bonuses, extra paid leave, or public fostering motivation and reinforcing
recognition. high standards.

(2) Due Care Accountants are required to act J&M Accounting Firm promotes
diligently and in accordance with accuracy and attention to detail by
applicable technical and professional requiring employees to exercise
standards. competence and thoroughness in
financial reporting and auditing.

(3) Transparency Accountants should ensure that J&M Accounting Firm commits to full
financial information is presented disclosure of relevant financial
clearly and openly, without information, ensuring honesty and
misleading stakeholders. clarity in financial statements to
maintain stakeholder trust.
5. CSR Activity
Organize free workshops on Partner with community centers and
(1) Financial Education Workshops budgeting, credit management, and schools to provide accessible financial
for Underprivileged Communities taxes to empower individuals with education, improving financial
financial knowledge. decision-making in underserved areas.

Encourage employees to participate in Implement a structured volunteer


(2) Employee Volunteer Programs community service by offering paid program, supporting activities like
volunteer hours and organizing community clean-ups, educational
company-wide initiatives. outreach, and aid for local shelters,
fostering social responsibility and
teamwork.
6. Promoting a Quality Culture
(1) Employee Incentive Programs Develop a rewards system that J&M Accounting Firm will implement
recognizes employees for maintaining an incentive program where
Republika ng Pilipinas
Lungsod ng Batangas
COLEGIO NG LUNGSOD NG BATANGAS
www.clb.edu.ph | [email protected] | [email protected]
Tel. No.: (043) 784-7740 | (043) 784-7771

high-quality work and ethical employees demonstrating excellence


behavior. Incentives may include in quality and ethics receive rewards,
bonuses, extra paid leave, or public fostering motivation and reinforcing
recognition. high standards.

(2) Quality Circles Small groups of employees meet J&M Accounting Firm will establish
regularly to discuss quality-related quality circles, allowing employees to
issues and suggest improvements. actively participate in improving
These teams identify challenges, processes, enhancing ethical practices,
propose solutions, and contribute to and fostering teamwork. These groups
decision-making. will ensure continuous improvement
in service quality and compliance with
accounting standards.

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