Ethics and Governance

Study map

BEFORE YOU BEGIN

Study guide—Subject outline

• Insights for a great semester

BYB
of study
• Your Journey into Ethics
and Governance
• Insights on the practical
impact of Ethics and
Governance MODULE 1
• Why Ethics and Governance
are important to the finance
Study guide
professional

•
•
Study and Exam Information
Study Companion and Exam
M1
Weeks 1, 2
Knowledge checks

Ask the expert forum

Mark Allocations
• Topic finder
Study time proportion: 15%
• Frequently Asked Questions
• General My Online Learning
administration queries

MODULE 2 M2
Weeks 2, 3, 4
MODULE 3

Study guide
Study guide
Knowledge checks
Knowledge checks
• Bank Australia
Tom’s ethical dilemma • UBS Warburg

•
•
Scott London
Deepwater Horizon M3
Weeks 4, 5, 6
Roles and Responsibilities
of the Board

Ask the expert forum The franchise opportunity—

Stage 1
Study time proportion: 20%
Ask the expert forum

MODULE 4 Study time proportion: 25%

Study guide M4
Weeks 7, 8, 9
Knowledge checks
MODULE 5
• Deepwater Horizon
• Bank Australia Study guide
• Scott London
• UBS Warburg Knowledge checks

The franchise opportunity—

Stage 2
M5
Weeks 9, 10
Bank Australia

Ask the expert forum

Ask the expert forum
Study time proportion: 15%
Study time proportion: 25%

EXAM PREPARATION

• What to expect in your exam

EP
Revision
• Video tutorial: How to use the
Exam Practice Questions

Exam Practice Questions

• Study Companion and Exam Key:

Mark Allocations Ask the expert Learning task
• Exam Practice Questions forum
Study guide
User Guide Business simulation
• Topic finder Supplementary
Case study document
Knowledge check Video
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Detailed study session planning

Recommended
study time Done

Before you begin

— Study guide—Subject outline 20 mins

— Video: Insights for a great semester of study 6 mins

— Video: Your Journey into Ethics and Governance 3 mins

— Video: Insights on the practical impact of Ethics and Governance 3 mins

— Video: Why Ethics and Governance are important to the finance professional 4 mins

— Study and Exam Information 20 mins

— Study Companion and Exam Mark Allocations 20 mins

— Topic finder —

— Ask the expert forum: Frequently Asked Questions and General My Online —
Learning administration queries

Total 1 hr

Notes:
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Recommended
study time Done

Study
session Module 1—Weeks 1 and 2

1 Study guide—Part A: Accountants as members of a profession (first seven 3 hrs

sections)

2 Study guide—Part A: Accountants as members of a profession (‘Attributes of 3 hrs

the accounting profession’)

3 Study guide—Part A: Accountants as members of a profession (‘The profession’s 3 hrs

regulatory process’)

4 Study guide—Part B: Interaction with society (‘Accounting roles, activities 3.5 hrs
and relationships’)

5 Study guide—Part B: Interaction with society (‘Social impact of accounting’) 1 hr

6 Study guide—Part B: Interaction with society (‘Credibility of the profession’) 3 hrs

7 Study guide—Part B: Interaction with society (‘Capability considerations’) 3 hrs

— Knowledge checks 20 mins

— Ask the expert forum: Module 1—Accounting and society —

Total 20 hrs

Notes:
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Recommended
study time Done

Study
session Module 2—Weeks 2, 3 and 4

1 Study guide—Part A: Professional ethics 2 hrs

2 Study guide—Part B: Ethical theories 3 hrs

3 Study guide—Part C: Compiled APES 110 Code of Ethics for Professional 3 hrs
Accountants (‘Part A of the Code—general application of the Code’)

4 Study guide—Part C: Compiled APES 110 Code of Ethics for Professional 3 hrs
Accountants (‘Part A of the Code—general application of the Code’) (continued)

— Case study: Scott London 30 mins

5 Study guide—Part C: Compiled APES 110 Code of Ethics for Professional 3 hrs
Accountants (Part B of the Code—members in public practice’)

6 Study guide—Part C: Compiled APES 110 Code of Ethics for Professional 3 hrs
Accountants (‘Part B of the Code—members in public practice’) (continued)

7 Study guide—Part C: Compiled APES 110 Code of Ethics for Professional 3 hrs
Accountants (‘Part C of the Code—members in business’)

8 Study guide—Examples of ethical failures by accountants 1 hr

— Business simulation: Tom’s ethical dilemma 25 mins

9 Study guide—Part D: Ethical decision-making (‘Factors influencing decision- 3 hrs

making’)

10 Study guide—Part D: Ethical decision-making (‘Ethical decision-making models’) 3 hrs

— Case study: Deepwater Horizon 17 mins

— Knowledge checks 40 mins

— Ask the expert forum: Module 2—Ethics —

Total 29 hrs

Notes:
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Recommended
study time Done

Study
session Module 3—Weeks 4, 5 and 6

1 Study guide—Part A: Overview of corporate governance (‘Governance’ and 3 hrs

‘The need for governance’)

2 Study guide—Part A: Overview of corporate governance (‘Components of 4 hrs

corporate governance’)

3 Study guide—Part A: Overview of corporate governance (‘Components 4 hrs

of corporate governance’) (continued)

4 Study guide—Part A: Overview of corporate governance (‘Components of 3 hrs

corporate governance’) (continued)

5 Study guide—Part B: International perspectives on corporate governance 2 hrs

6 Study guide—Part C: Codes and guidance (‘OECD Principles of Corporate 3 hrs

Governance’ )

7 Study guide—Part C: Codes and guidance (‘UK Financial Reporting Council 3 hrs
Corporate Governance Code’, including Appendix 3.1)

8 Study guide—Part C: Codes and guidance (‘ASX Principles and 3 hrs

recommendations’)

9 Study guide—Part C: Codes and guidance (‘Alternative international 3.5 hrs

approaches to governance’)

— Case study: Bank Australia 15 mins

10 Study guide—Part D: Non-corporates and governance 2.5 hrs

11 Study guide—Part E: Governance failures and improvements 2.5 hrs

— Case study: UBS Warburg 25 mins

— Roles and Responsibilities of the Board 4 mins

— Business simulation: The franchise opportunity—Stage 1 (18 mins viewing) 1 hr

— Knowledge checks 45 mins

— Ask the expert forum: Module 3—Governance concepts —

Total 36 hrs

Notes:
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Recommended
study time Done

Study
session Module 4—Weeks 7, 8 and 9

1 Study guide—Corporate governance success factors 3 hrs

2 Study guide—Corporate governance success factors (continued) 3 hrs

— Case study: Deepwater Horizon (revisit) 17 mins

— Case study: Bank Australia (revisit) 15 mins

3 Study guide—Operational issues, Impact of the legal system on the corporation 4.5 hrs
and Proof, penalties and redress—criminal and civil

4 Study guide—Competition and protecting markets for goods and services 2.5 hrs

5 Study guide—Competition and protecting markets for goods and services 2.5 hrs
(continued)

6 Study guide—Legal compliance and governance 2.5 hrs

7 Study guide—Consumers and customers 2.5 hrs

8 Study guide—Unconscionable conduct and Governance issues in the 3 hrs

non‑corporate sector

9 Study guide—The corporation and financial markets 3.5 hrs

10 Study guide—The corporation and financial markets (continued) 1 hr

11 Study guide—The corporation and financial markets (continued) 2 hrs

12 Study guide—The corporation and financial markets (continued) 3.5 hrs

— Case study: Scott London (revisit) 30 mins

— Case study: UBS Warburg (revisit) 25 mins

— Knowledge checks 30 mins

— Business simulation: The franchise opportunity—Stage 2 (14 mins viewing) 1 hr

— Ask the expert forum: Module 4—Governance in practice —

Total 36.5 hrs

Notes:
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Recommended
study time Done

Study
session Module 5—Weeks 9 and 10

1 Study guide—Overview and introduction to key elements 3 hrs

2 Study guide—Drivers of increased business accountability 3.5 hrs

3 Study guide—Linking to ethical theories 2.5 hrs

4 Study guide—What can be measured and reported? and 2 hrs

Limitations of traditional financial reporting

5 Study guide—Reporting and guidelines 4 hrs

6 Study guide—Reporting and guidelines (continued) 4 hrs

— Case study: Bank Australia (revisit) 15 mins

7 Study guide—Current reporting practice, International initiatives 4 hrs

on climate change and Current developments

— Knowledge checks 40 mins

— Ask the expert forum: Module 5—Corporate accountability —

Total 24 hrs

Notes:
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Recommended
study time Done

Exam preparation—Revision

1 Revise Module 1 1.5 hrs

2 Revise Module 2 2 hrs

3 Revise Module 3 2.5 hrs

4 Revise Module 4 2.5 hrs

5 Revise Module 5 2 hrs

— Video: What to expect in your exam 7 mins

— Study Companion and Exam Mark Allocations 20 mins

— Video tutorial: How to use the Exam Practice Questions 5 mins

— Exam Practice Questions User Guide 3 mins

— Exam Practice Questions 2 hrs

— Topic finder —

Total 13 hrs

Notes: