Commercial Accountability Challenges in a Global Environment
LMC502
Overview
To enrol in this unit, you must be accepted into a course from the provider.
Read before you start
Level of study: What does Postgraduate mean?
Postgraduate
EFTSL: What does EFTSL mean?
0.125
Delivery Method: What does delivery method mean?
Fully Online
Prerequisites: What are the prerequisites?
Duration:
13 weeks
Government loans available:
FEE-HELP FEE-HELP
Domestic student fee:
$2,000.00 (AUD)
International student fee:
$2,225.00 (AUD)
Description
This unit explores the nature and importance of the links between commercial accountability, risk management, and ethical and sustainable business practices in a global environment in a commercial organisation in terms of compliance, transparency and responsiveness to stakeholders. The unit begins by introducing the broad topic areas of commercial accountability, business ethics and governance expectations together with the concepts of compliance or being held to account, transparency or giving account and responsiveness to stakeholders or taking account. Such an approach also includes an exploration of the notion of corporate social responsibility and its implications for broader sustainability reporting initiatives. The unit also investigates several philosophical contributions to the study of ethical decision-making and behaviour. Based on these theoretical perspectives a comprehensive ethical decision making framework is presented which can be applied by business leaders to enable them to make ethical decisions leading to ethical behaviour. Corporate governance is further explored against the backdrop of the global financial crisis and more recently the issues within the European community. Finally the unit explores the identification of potential sources of risk and opportunity, and reflects on the management of financial and non-financial risks and opportunities.
Please note: Assessment values are indicative only; details will be advised at the start of the unit.
Enrolment Restriction
In order to enrol in this unit, you must be accepted into one of the following courses:
If you wish to seek approval to enrol in this unit without being accepted in a course, please contact OUA regarding the process.
Prerequisites
Recommended prerequisites
You are recommended to have completed the following unit(s) or have equivalent knowledge before starting this unit:
- LMC501 — Business Sustainability in a Changing Global Business Environment
It is expected that students will have managerial experience in the business world. To enrol in this unit, you must be accepted into a course from the provider.
Assessment
- Case Study — Project - Range 30-50%
- Group Discussion Board Task — Range 10-30%
- Report — Range 30-50%
Learning Outcomes
At the completion of this unit students will be able to:
- explain the nature and importance of commercial accountability by distinguishing between giving account, taking account and being held to account
- analyse the different aspects of compliance and governance within global commercial environments noting the responsibilities of the Board
- understand the nature of and explain the relevance of risk, the importance of risk analysis and risk management in the context of accountability and governance and ethical and sustainable business practices within a global environment
- explore and apply accountability frameworks to corporate governance challenges in a global environment.
Topics
This unit addresses the following topics.
| Number | Topic |
|---|---|
| 1 | Commercial accountability - business ethics and governance expectations. |
| 2 | Theoretical perspectives and contributions to commercial accountability |
| 3 | Commercial accountability and governance |
| 4 | Accountability and ethics - risks and opportunities |
Study Resources
This unit is delivered using the following methods and materials:
Print based materials
- Welcome Letter
Online materials
- Printable format materials
Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the Unibooks website and enter the unit details to search for available textbooks.
Relevant Courses
This unit is a core requirement in the following courses:
This unit is an approved elective in the following courses:
- Graduate Diploma of Commerce, Swinburne University of Tnlgy
- Master of Commerce, Swinburne University of Tnlgy
This unit may be eligible for credit towards other courses:
- Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
- In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Unibooks textbook list.
