Accounting Thought and Ethics
See where accounting practice and business ethics intersect. Isolate the role of the accountant and of the person who uses the accountant’s information. Uncover ethical theories. Analyse the application of ethical principles during real case studies.
Upon successful completion of this subject you will be able to:
- CLO1 - Describe, explain, analyse and critically evaluate the past and recent major developments in accounting theories, accounting practices and ethical issues;
- CLO2 - Understand the implications of differing research methods (induction and deduction) in the financial reporting context and appraise selected controversial accounting standards.
- CLO3 - Research, explain and justify the applications of relevant theories into complex ‘real world’ cases to solve accounting and business ethics related issues, to both accountant and non-accountant audiences;
- CLO4 - Assess the role of accounting in society, and demonstrate a high level of accountability frameworks embraced in the course;
- CLO5 - Execute financial service practice in a responsible and ethical manner expected by the professional and organisational contexts.
- CLO6 - Communicate ideas and arguments clearly, logically and concisely, both verbally and in writing
- Introduction to Contemporary Issues in Accounting
- Regulation: Standardising Accounting Practice
- Voluntary Corporate Reporting Decisions
- International Accounting
- Capital Market Research and Accounting
- Positive Accounting Theory
- Introduction to Ethics and principles of ethics
- Ethics and the Profession
- Self-regulation and codes of professional ethics
- Professional Independence and Client-centred Conflicts of Interest
- Individual Ethics in a Corporate Environment
- Discussion forum/Discussion Board
- Web links
- Online assignment submission
You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:
- RMI-MPAC30-Contemporary Financial and Integrated Reporting
- RMI-MPAC10-Accounting, Accountability and Society
No special requirements
Please note: This subject was previously titled Contemporary Accounting Thought.
The purpose of this subject is to introduce you to the context of theoretical and empirical underpinning of financial accounting and professional ethics in accounting. The subject links theory to research and practice.
The behaviour of those responsible for preparing financial accounting information and those who use this information are interpreted through application of different accounting theories. As such, it addresses the ‘why’ question in financial accounting rather than the ’how’. Further, moral dimensions and ethical aspects of professionals in financial services are reasoned through the lenses of various theories and principles. This reinforces the role of financial service professionals in the competitive and complex business environment and their significance to the society. A number of contemporary accounting and ethical issues are examined to illustrate these ideas.
- Individual Case Study (20%)
- Case Study (40%)
- Final Invigilated Exam (40%)