The ACCT 6120 course helps us learn how the company is governed. The lecture and tutorial introduce and recap a series of accounting, corporate law and auditing theories and practice with a specific case in each class to analyze how the theories apply, which could better help us understand the theories as well as thinking more critically. Before studying this subject, we all think as an accountant, the corporate governance is a little bit far away from us. However, through the content of each week, from the principle conflict to sub-committees and finally CSR, the core of the issue is the accounting information. The accounting information is the incentive to drive the management of company to take some actions, for example, earning management
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For the whole stock market, it can provide a fair and transparent investing environment. Therefore, a normative framework of corporate governance should be established and fiduciary duty is needed, not only for the board members, but also for the accountants.
In addition, the subject pattern designed in ACCT6120 also motivates students to have a great insight into corporations’ ethical behaviors and corporation social responsibility (CSR). Lecturers, essential readings, tutorials, case-study and self-study assignments lead students to recognize business ethics step-by-step. At first, students obtain fundamental theories about CSR, the role of accounting in ethical behaviors and corporate governance approach from different perspectives of devious authors, which enables them to think this topic critically. After read related articles, students extend their knowledge and learn theses theories in detail as well as underlying substance of ‘ethical …show more content…
It is also necessary to concern about visible effects on social system and stakeholders resulted from target company’s decision making. Since Corporate Code of Ethics is only a part of Corporate Social Responsibility (CSR) which also includes Environmental and Social Sustainability Reporting and Stakeholder Dialogues. These should be assessed in the assignment. For example, whether the company disclosed corporate environmental performance or breached any environmental regulations. In terms of sustainability reporting, the compliance with Emergent Reporting Standards, Emergent Assurance Standards, Emergent Voluntary Standards and Emergent Investor Standards should be discussed in the assessment with evidence. While students doing research, some questions would be asked. For instance, does the reporting has accountability to stakeholders and whether the reporting change operating performance? With these improved requirements of assessment, students may have intention to figure out negative effects from the perspectives of social and environmental while analyze the strategy and performance of target company. Therefore, further analyzing the company’s social responsibility could contribute to students’ ethical
For the whole stock market, it can provide a fair and transparent investing environment. Therefore, a normative framework of corporate governance should be established and fiduciary duty is needed, not only for the board members, but also for the accountants.
In addition, the subject pattern designed in ACCT6120 also motivates students to have a great insight into corporations’ ethical behaviors and corporation social responsibility (CSR). Lecturers, essential readings, tutorials, case-study and self-study assignments lead students to recognize business ethics step-by-step. At first, students obtain fundamental theories about CSR, the role of accounting in ethical behaviors and corporate governance approach from different perspectives of devious authors, which enables them to think this topic critically. After read related articles, students extend their knowledge and learn theses theories in detail as well as underlying substance of ‘ethical …show more content…
It is also necessary to concern about visible effects on social system and stakeholders resulted from target company’s decision making. Since Corporate Code of Ethics is only a part of Corporate Social Responsibility (CSR) which also includes Environmental and Social Sustainability Reporting and Stakeholder Dialogues. These should be assessed in the assignment. For example, whether the company disclosed corporate environmental performance or breached any environmental regulations. In terms of sustainability reporting, the compliance with Emergent Reporting Standards, Emergent Assurance Standards, Emergent Voluntary Standards and Emergent Investor Standards should be discussed in the assessment with evidence. While students doing research, some questions would be asked. For instance, does the reporting has accountability to stakeholders and whether the reporting change operating performance? With these improved requirements of assessment, students may have intention to figure out negative effects from the perspectives of social and environmental while analyze the strategy and performance of target company. Therefore, further analyzing the company’s social responsibility could contribute to students’ ethical