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Accounting, Business and Society: The Multi-faceted Role of Accounting

Approx. 8 hours to complete

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Course Summary

This course explores the role of accounting in society and how it affects business decisions. Students will learn about the ethical considerations and social responsibilities of accounting professionals.

Key Learning Points

Gain an understanding of the relationship between accounting and society
Learn about the ethical considerations and social responsibilities of accounting professionals
Explore the impact of accounting on business decisions

Learning Outcomes

Understand the relationship between accounting and society
Analyze the ethical considerations and social responsibilities of accounting professionals
Evaluate the impact of accounting on business decisions

Prerequisites or good to have knowledge before taking this course

Basic understanding of accounting principles
Ability to analyze and interpret financial statements

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced

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Description

Course Overview: https://youtu.be/v1JJ8y_Zq5U

Accounting professionals are open up for more tasks and duties that require their professional skills and knowledge nowadays, and yet not exerting their expertise just the way it used to be. Without bogging you down with the mechanics of accounting, this course provides an overview of the multi-faceted role of accounting in business and social contexts. You will get to know the essential of businesses and how they must work around the notions of ethics, the corporate governance (CG) framework and how accountants function as one of the key players in the practices. An thriving area of corporate social responsibility (CSR) is also discussed. An illustrative approach will be adopted and you will be surprised by how closely accounting is related to things happening around you in your daily lives. By the end of the course, you are able to: • Describe the accounting process and different forms of business entities • Explain the regulatory framework of accounting profession, and how the profession can serve information needs of stakeholders of different forms of business entities • Describe the broad framework of ethics, corporate governance, and corporate social responsibility, and their interrelationships • Demonstrate the knowledge and respect of ethical behaviour of individuals, businesses, and professionals including accountants in particular • Explain what are good governance practices and how accounting contributes to such, for both performance and conformance purposes • Identify good or bad corporate governance and CSR practices of businesses, by making reference to real-life incidents

Outline

Accounting and Business
Course Overview
1.1 Module Introduction; Nature of Accounting
1.2 Inter-relationship amongst accounting, business and society
1.3 Forms of Businesses
1.4 Shareholders, managers and directors of a limited liability company
Assessment Critieria
End-of-Module Quiz 1

The Accounting Profession and Roles of Accountants
2.1 Module Introduction; Institutional and regulatory framework of accounting
2.2 Regulatory framework of accounting
2.3 Mainstream practices of accounting
2.4 Other types of accounting practices
Regulatory units of different countries
Websites of the "Big Four" CPA firms
End-of-Module Quiz 2

Ethics and Accounting Profession
3.1 Module Introduction and Notion of ethics
3.2 Ethical decisions in practice
3.3 Personal vs Business Ethics
3.4 Professional Ethics
3.5 Accounting as a profession and the related code of ethics
Ethical decision making practice - Ford Pinto Case
End-of-Module Quiz 3

Corporate Governance (CG) and Corporate Social Responsibility (CSR)
4.1 Module Introduction and Corporate Governance (CG)
4.2 Latest development of CG practice and reporting
4.3 Key areas of CG practices
4.4 Roles of CG practitioners
4.5 Corporate Social Responsibility (CSR) and values to business
End-of-Module Quiz 4

Corporate Governance Case Study and Guest Interview
5.1 Introduction to the Enron Case
5.2 Corporate Governance issues of Enron
5.3 Lessons learnt from the Enron Case
Expert interview - Mr. Leo Lee (ACCA President 2017-18)
Please rate this course!
Post-course survey

Summary of User Reviews

Discover how accounting principles can be applied to business and society in this highly-rated course on Coursera. Students praised the engaging content and real-world examples.

Key Aspect Users Liked About This Course

Real-world examples and applications

Pros from User Reviews

Engaging and interesting content
Great instructor and teaching style
Valuable knowledge for business and society
Well-structured and easy to follow
Useful for learners of all levels

Cons from User Reviews

Lacks depth in certain areas
Some technical issues with the platform
Limited interaction with instructor and peers
Not enough practice exercises
May not be suitable for advanced learners

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Save Course

Accounting, Business and Society: The Multi-faceted Role of Accounting

Course Overview: https://youtu. be/v1JJ8y_Zq5U Without bogging you down with the mechanics of accounting, this course provides an overview of the multi-faceted role of accounting in business and social contexts....

Save Course