CORPFIN 3505 - Corporate Regulations and Ethics in Finance

North Terrace Campus - Semester 2 - 2022

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. In particular this course will cover the APES 110 Code of Ethics for Professional Accountants and CFA Institute Code of Ethics and Standards of Professional Conduct.

  • General Course Information
    Course Details
    Course Code CORPFIN 3505
    Course Corporate Regulations and Ethics in Finance
    Coordinating Unit Adelaide Business School
    Term Semester 2
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Prerequisites CORPFIN 1002, CORPFIN 1002UAC, CORPFIN 1002UACM
    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. In particular this course will cover the APES 110 Code of Ethics for Professional Accountants and CFA Institute Code of Ethics and Standards of Professional Conduct.
    Course Staff

    Course Coordinator: Associate Professor Sigitas Karpavicius

    Sigitas Karpavicius
    Phone: 8313 8007
    Email: Sigitas.Karpavicius@adelaide.edu.au
    Campus: North Terrace
    Building: Nexus 10 Tower
    Room: 12.38
    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course, students will be able to:
    1. explain the rationale for corporate social responsibility and business regulation.
    2. determine components of the Code of Ethics and Standards of Professional Conduct (code and standards).
    3. identify behaviour that follows to the Code and Standards and behaviour that violates the Code and Standards.
    4. recommend practices and procedures to prevent violations of the Code and Standards.
    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.

    1-4

    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.

    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.

    1, 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.

    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.

    2-4

    Attribute 7: Digital capabilities

    Graduates are well prepared for living, learning and working in a digital society.

    1, 4

    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
  • Learning Resources
    Required Resources
    Required readings:
    • CFA Institute Code of Ethics and Standards of Professional Conduct
    • Various academic and practitioners’ articles available under course readings on MyUni.
  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary
    Lecture Schedule
    week 1    Introduction to Ethics
    week 2 Corporate Social Responsibility and Reporting
    week 3 Business Regulation (Anti-competitive behaviour; & Cartels)
    week 4 Business Regulation (Collective bargaining & boycotts; Exclusive dealing; & Misuse of market power)
    week 5 CFA & Ethics including differences between Standards of Professional Conduct (Individual and Asset Manager)
    week 6 CFA Standard I - Professionalism & Standard; & CFA Standard II - Integrity of Capital Markets
    week 7 CFA Standard III - Duties to Clients & Standard; & CFA Standard IV - Duties to Employers
    week 8 CFA Standard V - Investment Analysis, Recommendations & Actions & Standard; & CFA Standard VI - Conflicts of Interests
    week 9 Ethics Case Studies I
    week 10 Ethics Case Studies II
    week 11 Financial Services & Other Ethical Standards in Finance
    week 12 Course Summary

  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    The assessment components will be announced during the first lecture. At this stage, the proposed assessment is as follows:
    Assessment Due Date and Time Type Weighting Related Learing Outcomes
    Test 1 Week 5 Individual 20% 1
    Test 2 Week 10 Individual 20% 2, 3
    Final Exam Examination Period Individual 60% 1-4


    Assessment Detail
    (1) Test 1 - 20%
    Students will have an online test (worth 20%) in Week 5 of Semester. It covers lectures 1-4. Further details on the examinable material for this test, will be announced at MyUni in Week 3.

    (2) Test 2 - 20%
    Students will have an online test (worth 20%) in Week 10 of Semester. It covers lectures 5-9. Further details on the examinable material for this test, will be announced at MyUni in Week 8.

    (3) Final Exam - 60%
    A final exam, worth 60%, will be held in the end-of-semester examination period. Further details on the examinable material, will be announced at MyUni closer to the date of the exam.
    Submission
    Please take online tests through MyUni. Further details on assignment submission will be announced at the start of semester.

    Return of Assignments and Feedback
    Test outcomes will be returned to students within 2 weeks of the due date with feedback.

    Late Assignment Submission
    Students are required to take tests by the due date to maintain a fair and equitable system. A late submission without a legitimate reason will not be offered a mark.
    Course Grading

    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.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    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.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

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