ACCTFIN 7001 - Ethical Principles in Finance & Accounting
North Terrace Campus - Semester 2 - 2024
General Course Information
Course Code ACCTFIN 7001 Course Ethical Principles in Finance & Accounting Coordinating Unit Finance and Banking Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites ACCTING 7019 and CORPFIN 7005 Course Description The purpose of this course is to focus on the context of the theoretical and empirical underpinning of professional ethics in finance and accounting. The course seeks to link theory and research to the practical application of ethical choices facing the finance and accounting professions. The conduct of stakeholders responsible for preparing and using financial information including moral dimensions and ethical aspects are interpreted through the application of various accounting and finance theories. This reinforces the role of finance and accounting professionals in a dynamic business environment and their significance to society in general. In accordance with various principle-based Association and Regulatory Codes of Ethics and Standards of Professional Conduct, a number of contemporary business issues are examined to illustrate these concepts.
Course Coordinator: Associate Professor Chee Cheong
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesAt the successful completion of this course, students will be able to:
1 Analyse, evaluate and critically reflect on various theoretical and practice based principles of morals and ethics. 2 Apply and explain ethical principles to the role of business in society including the reporting of financial information and the competing perspectives of the stakeholder and shareholder. 3 Demonstrate an ability to exercise professional judgement consistent with an organisations ethical values and corporate social responsibility. 4 Identify and discuss the application of professional body ethics and professional conduct standards to business decision-making and it's consequences in an ethical context.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1 & 2
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
2, 3, & 4
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
3 & 4
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
3 & 4
Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
1, 2, 3, & 4
Attribute 6: Australian Aboriginal and Torres Strait Islander cultural competency
Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.
Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
3 & 4
Required ResourcesThere is no specific textbook required for this course.
The following professional codes are required reading for this course and will be examined. These can be accessed using the links available on the MyUni site once you have enrolled in this course:
CFA Insitute, Code of Ethics and Standards of Practice
Accounting Professional & Ethical Standards Board.
Recommended ResourcesVarious on-line and other resources will be recommended to you throughout the course. Relevant information will be provided via MyUni once you have enrolled in the course.
Online LearningThe MyUni site for this course contains various links to on-line resources and the websites of relevant professional associations and government regulators. You will have access to this once you have enrolled.
Learning & Teaching Activities
Learning & Teaching ModesThis course will be taught in a standard lecture and tutorial format.
Lectures for all topics will be posted to Echo360 on a regular basis.
Tutorials are designed to review topic-based Student Review questions and will be conducted on both a face-to-face and online basis (via provided Zoom links).
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.Review of lecture topics posted to Echo360: 2 hours per week for 12 weeks
Required attendance at face-to-face / online tutorials: 1 hour per week for 11 weeks
Learning Activities SummaryInteractive lectures comprising a historical and contemporary analysis of issues relating to each of the specified topics include; underlying theory and practical application of theoretical constructs, case study analysis, empirical research and evidence.
Topic 1. Introduction to Ethics
Topic 2. Professional service body Codes of Ethics and Standards of Professional Conduct
Topic 3. CFA Standard I - Professionalism
Topic 4. CFA Standard II - Integrity of Capital Markets
Topic 5. CFA Standard III - Duties to Clients
Topic 6. CFA Standard IV - Duties to Employers
Topic 7. Case studies on Business Ethics
Topic 8. CFA Standard V - Investment Analysis, Recommendations & Actions
Topic 9. CFA Standard VI - Conflicts of Interest
Topic 10. Accounting and Ethical Standards
Topic 11. Other Business Professional and Ethical Standards
Specific Course RequirementsConditions attaching to assessment:
Please note the following important conditions associated with your assessment in this course:
• A student who fails any of the assessment items will NOT be permitted to resubmit that item for remarking.
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Task Task Type Timing Due Weighting Learning Outcome Online Class Test #1 Individual 90 minutes Semester week 6 - various commencement times 20% 1, 2, 3 & 4 Online Class Test #2 Individual 90 minutes Semester week 11 - various commencement times 20% 1, 2 & 4 Final Exam Individual 3 hours and 10 minutes Exam Period 60% 1, 2, 3, & 4
Assessment Related RequirementsPlease note the following important conditions associated with your assessment in this course:
• A student who fails any of the assessment items will NOT be permitted to resubmit that item for remarking.
Assessment DetailA summary of each of the assessment tasks is presented below. More detailed information will be provided in due course via separate handouts on MyUni.
Class Test #1 (Individual):
A 90 minute online class test #1 will be held during semester week 6. It will cover the earlier topics of the course comprising Topics 1 to 4. Please note that the online class test will be open book. It will consist of a combination of multiple-choice, true-false and fill in the blanks questions. Questions will be provided in the form of statements, scenarios and/or case studies of a nature similar to that included with the course topic materials. Assessment will be based on the correctness of the response marked against an answer guide. Various commencement times will be provided for student access.
Class Test #2 (Individual):
A 90 minute online class test #2 will be held during semester week 11. It will cover the middle topics of the course comprising Topics 5 to 7. Please note that the online class test will be open book. It will consist of a combination of multiple-choice, true-false and fill in the blanks questions. Questions will be provided in the form of statements, scenarios and/or case studies of a nature similar to that included with the course topic materials. Assessment will be based on the correctness of the response marked against an answer guide. Various commencement times will be provided for student access.
A 2 hour final examination will be held at the end of the semester. The final exam will cover all course topics. It will consist of a combination of multiple-choice, true-false, fill in the blanks and short-answer questions. Questions will be provided in the form of statements, scenarios and/or case studies of a nature similar to that included with the course topic materials. Assessment will be based on the correctness of the response marked against an answer guide.
No information currently available.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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