from an ethical standpoint, of various alternatives are available to report a transaction, what are some of the questions an accountant should ask about the alternatives?

Whenever an accountant have some alternatives for reporting a transaction then there are some certain ethical issue for which an accountant must be aware;

1. is this method is permissible by the accounting standards?

2. Is this method permissible by the norms of the firm and industry?

3. Is this method violates ethical code of an accountant?

4. Is this method helps in maximizing overall welfare of stockholders?

5. Is this method helps in depicting true financial information to the stakeholders?

6. is this method really helps a firm in getting its objectives?

So before accepting any alternative an accountant should consider above mentioned points.

If alternative are successful on the above parameters then accountant can accept that alternative and in such case this alternative will not violate any ethical issue.

Explanation: