Ethics and Professionalism
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Subjects may require attendance
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Times Higher Education Ranking 2020
Upon successful completion of this subject, students should be able to:
- Articulate the importance of a code of ethics
- Identify different ethical frameworks
- Evaluate ethical frameworks to solve dilemmas that are encountered in their role
- Identify the importance of the best interest duty of a financial planner
- Summarise the need for due diligence in maintaining client records
- Introduction to ethics
- Professionalism in financial planning
- FASEA code of ethics
- Ethical behaviour in financial planning
- Ethical behaviour towards clients
- Ethical behaviour in the financial planning process
- Ethical behaviour-professionalism
- Ethical responsibilities in the workplace
- Ethical responsibilities to the wider financial community
- Ethical issues in practice
- Building an ethical culture
In order to enrol in this subject, you must be accepted into one of the following degrees:
No special requirements
The study of ethics, from the Greek meaning ‘character’, may be defined as the philosophical enquiry into theories of human conduct: establishing what is morally right as opposed to what is morally wrong. Ethics may be simply described as moral philosophy, or perhaps the principles of goodness by which people live. For the purpose of this subject, we may use the term ethics interchangeably with right conduct or moral goodness.
Essentially, ethics is the reasoning behind our assessment of the morality of actions or decisions. We will study professional ethics and codes of conduct as mechanisms whereby professions are able to represent to the public that certain standards of behaviour, competence and care are being met. Codes of ethics are universal statements of principle, which provide adherents with general guidance about positive or good behaviour.
A code of conduct typically provides some form of rules, which are specific and relate to certain behaviours in that profession or business. These rules usually provide descriptions of conduct, which is unacceptable to the profession or business. Some professions and organisations combine codes of ethics and codes of conduct while others, such as the Financial Planning Association, keep the two separate.
- Online test (12%)
- Invigilated exam (60%)
- Individual written assessment (20%)
- Tutorial participation (8%)