Courses & Units
CPA Ethics and Governance BFA502
Introduction
Ethics and Governance is a core component of the knowledge and skill base of today’s professional accountants. As key business decision-makers, accountants must be proficient in regulatory regimes, compliance requirements, and governance mechanisms to ensure lawful and effective corporate behaviour and operations. A better understanding of ethics, corporate governance frameworks and mechanisms links with the various roles and responsibilities outlined in other units of the CPA Program. From an individual perspective, this unit provides candidates with the analytical and decision-making skills and knowledge to identify and resolve professional and ethical issues. The skills and knowledge obtained are also important for units that specialise in the functional disciplines of accounting such as Advanced Taxation, Financial Reporting, Strategic Management Accounting and Advanced Audit and Assurance.
More than ever, today’s professional accountants are less involved in traditional accounting functions and are more concerned with leadership and management. Today’s accountants are leaders in their field providing key support to senior management and are directly involved in many important decisions. An understanding of ethics and governance is essential to those in leadership roles, and to those who support their leaders. This unit not only develops an awareness of corporate governance but also helps members (and those whom they support) in discharging their stewardship functions.
Unit aims
The unit has three key aims:
1. promoting awareness of the ethical responsibilities of professional accountants, thereby enabling them to identify and resolve ethical issues or conflicts throughout their career;
2. ensuring professional accountants understand the importance of governance, including their role in achieving effective governance; and
3. understanding the role of accounting, and of accountants, in providing information about the social and environmental performance of an organisation.
Summary
Unit name | CPA Ethics and Governance |
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Unit code | BFA502 |
Credit points | 12.5 |
College/School | College of Business & Economics Tasmanian School of Business and Economics |
Discipline | Accounting and Accountability |
Coordinator | Doctor Bernadette Smith |
Delivered By | University of Tasmania |
Availability
Location | Study period | Attendance options | Available to | ||
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Hobart | Semester 2 | On-Campus | Off-Campus | International International | Domestic Domestic |
Hobart | 11 Week Session Feb | On-Campus | Off-Campus | International International | Domestic Domestic |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Key Dates
Study Period | Start date | Census date | WW date | End date |
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11 Week Session Feb | 31/1/2022 | 16/2/2022 | 10/3/2022 | 17/4/2022 |
Semester 2 | 11/7/2022 | 9/8/2022 | 29/8/2022 | 16/10/2022 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Explain, from a global perspective, the nature of the accounting profession and the roles of professional accountants;
- Apply the key professional responsibilities of an accountant from the perspective of a member of CPA Australia;
- Explain the importance of ethics and professional judgment;
- Describe key governance and regulatory frameworks, including international perspectives on corporate governance and the roles of various stakeholders;
- Explain the expectations placed on various internal and external stakeholders arising from organisational governance responsibilities;
- Ascertain various compliance and regulatory regimes impacting the global business environment;
- Identify the strategic, leadership and global issues impacting accountants and the accounting profession; and
- Describe the nature, role and importance of corporate social responsibility, including climate change and sustainable development.
Fee Information
Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
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080101 | $1,828.00 | $1,432.00 | not applicable | $2,701.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Requisites
Prerequisites
BFA503 AND BFA507 AND BFA601 AND BFA605 AND BFA612 AND BEA603 AND BFA714 AND BFA715Teaching
Assessment | CPA Program Exam (Open book) (100%) |
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Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
Required |
You will need the following text [available from the Co-op Bookshop]: CPA Study Guide & Ethics and Governance Tuition Candidate Workbook |
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Recommended | In addition to the texts/software recommended above, you are also expected to be familiar with the key academic journals in the discipline from which useful insights may be derived. In particular, you are encouraged to review regularly the relevant papers that are published in:
Access to these journals is via the E-journals web page within the library website. Other journals can be accessed through database searches such as Science Direct, ProQuest and Emerald. The textbook also provides reference sections at the end of each chapter. | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.