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Online Course

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

The Hong Kong University of Science and Technology via Coursera

Overview

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

Syllabus

Accounting and Business
-Welcome to the first module of this course! In this module, You will learn (1) what accounting is and (2) how it contributes to the health and growth of a business and, in turn, the society. Furthermore, you will come across (3) the various forms of business setups and (4) how limited liability companies become the mainstream business concerns for corporate governance practices.

The Accounting Profession and Roles of Accountants
-We often hear that accounting is essential for businesses for various reasons, and that as a profession, accountants are looked upon to for protecting financial interests of stakeholders. In the second module, you are going to learn the institutional and regulatory frameworks of accounting professionals, that give accountants the creditability in their work, and brings the professionalism that they command. In addition, I shall show you not only the mainstream practices of accounting (1) Financial Reporting and (2) Auditing, but also other services that accounting professionals provide.

Ethics and Accounting Profession
-From the previous modules, you have fully understood how accounting can help businesses perform for the betterment of society. Society may also demand businesses to be operated by conforming to his expectations by using accounting. Yet, the most crucial factor for success in the above is the quality of all parties concerned in regard to understanding the roles and also performing them faithfully. This quality is primarily founded on the notions of ethics. In this module, you will learn the notions of ethics. How it serves as the foundation for proper conduct of individuals, businesses and also professionals like accountants. You will have an opportunity to practice how to make ethical decisions using a classical case in this module.

Corporate Governance (CG) and Corporate Social Responsibility (CSR)
-Ethical decisions made by companies are assured by way of corporate governance practices.

In this module, I shall elaborate on the concept of corporate governance (CG), its latest development, and how the Board and corporate governance professionals like accountants function as key players in the practices. I shall also cover Corporate Social Responsibility (CSR), which is a thriving area of companies’ practice.


Corporate Governance Case Study and Guest Interview
-The Enron Case is one of the biggest corporate scandals in recent years. Enron turned from an acclaimed company into the most infamous company in the world overnight. There were a number of corporate governance issues, leading to the scandal. In this module, let us now take a look at the case, as to how it happened and how he changed the world of corporate governance practices in his aftermath. To conclude the course, I invited an accounting practitioner for an interview and discuss the multi-faceted role of accounting professionals in the new era.

Taught by

Dennis Chan Suk Sun

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Reviews

4.5 rating, based on 55 reviews

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

  • Anonymous

    Anonymous completed this course.

    The course gave me the insight about the fundamentals of accounting and its role to the society. Corporate governance issues in accounting and importance of ethical practice need to be followed. The Enron case gave insight about the failure of corporate governance and the impact of unethical practices imposed and its big failures which affect the shareholders interest. Overall I have learned about corporate ethics and importance of good governance.
  • Anonymous

    Anonymous completed this course.

    It took months to complete this course because there was nobody to review my final assignment and I also have no one to review. Coursera customer service rep, did not help at all, the only recommendation was to wait till someone review mine and wait till I have 2! assignments to review. so annoying! don't recommend it!
  • Anonymous

    Anonymous is taking this course right now.

    I have got to know many things about accounting and business. This course is good for beginners.This course is very helpful for students. Examples are explained well .
  • Anonymous

    Anonymous is taking this course right now.

    It's a very helpful course for the students.
    I've learned many new things from this course about accounting and business.
    It's a good start for the beginners.
  • Anonymous

    Anonymous is taking this course right now.

    I getting a lot of new things and concepts to learn from this course. The teaching was good and the concepts were clear also good number of examples were given. The quizzes are amazing .
  • Anonymous

    Anonymous is taking this course right now.

    A good insight about the structure of business and how accounting plays a role in it.
    It's helpful for beginners to understand.
    The
  • Anonymous

    Anonymous is taking this course right now.

    Thank you for this course.I get know experience and knowledge in using different kind of tools which are useful and effective.I'II use some of them during my lessens.This is a very important course and it has helped me a lot.
  • Anonymous

    Anonymous is taking this course right now.

    It's a simple and relaxed way of learning from a great teacher and well renowned university. casual way of talking about the subjects in the videos. I really enjoyed it and will take more classes in the near future.
  • Anonymous

    Anonymous completed this course.

    Excellent . I have learnt so many ideas and thoughts. Thanks a lot to instructor of this course Prof. Dennis chan. Overall learning i have enjoyed with due attention. So it is a great pleasure to me.
  • Anonymous

    Anonymous is taking this course right now.

    It's a very helpful course for the students.
    I've learned many new things from this course about accounting and business.
    It's a good start for the beginners.
  • Anonymous

    Anonymous is taking this course right now.

    It's a very helpful course for the students.
    I've learned many new things from this course about accounting and business.
    It's a good start for the beginners.
  • Anonymous

    Anonymous is taking this course right now.

    Great course provided by coursera. Such a great course and helpful in my curriculum. I would recommend it to everyone in my college.
  • Anonymous

    Anonymous completed this course.

    this course was so helpful. It took me exactly 9 days to complete this course. I can definitely tell that this course has helped me widen my scope of accounting and a profession, business and society as a whole. I've also been introduced to new topics like corporate governance and corporate social responsibility. This course wasn't that difficult too. It has helped me to have an international point of view regarding accounting. I've also learnt more about financial regulators and other general topics. I would definitely recommend this course to everyone. It's knowledgeable And also quite easy.
  • Anonymous

    Anonymous completed this course.

    I would like to Express my gratitude to the organizers of advanced training courses ! The competence of the teaching staff is worthy of respect. Lectures delivered by teachers are of great importance for us, practical teachers. I am sure that the material we received will be a serious help in working with students. I hope that the University will continue to work in this direction, and we will still be given a happy opportunity to attend such courses.
  • Anonymous

    Anonymous completed this course.

    Good course
    Helped me in learning the role of accounting in day to day business.
    Also explained the need of proper functioning of a company. its a beginner level course so those who all are interested can take part. Quizzes are there inorder to test our brain and wr have 3 chances every 8 hours for passing the test which is a very bright side of the test section.
  • Anonymous
    The course was helpful and the explanation was simple and understandable, it was as expected. Really satisfied for taking up this course. The professor have given simple and understandable examples which were helpful and the case study was good and learnt something new from it. The difficulty level of the tests are just fine.
    Really enjoyed the course....!!
  • Anonymous

    Anonymous completed this course.

    Best learning experience so far have had a wider view on how accounting works for business and also in favour to society. I have personally gained a lot of information and wider perspective on this topic. The professor has made a really good point of his views and opinions. And also relating this with real life examples has helped me learn faster.
  • Anonymous

    Anonymous is taking this course right now.

    It took months to complete this course because there was nobody to review my final assignment and I also have no one to review. Coursera customer service rep, did not help at all, the only recommendation was to wait till someone review mine and wait till I have 2! assignments to review. so annoying! don't recommend it!
  • Anonymous

    Anonymous completed this course.

    The course was relevant to the area eg tailored for Wellington – Learning & understanding encouraged.”

    “I was able to ask Tony questions of site setups I have observed and Tony was able to provide clear direction to me.”

    “Very informative with electronic information; Very knowledgable

  • Anonymous

    Anonymous is taking this course right now.

    The visual and audio presentations were very clear and concise. I had learned a lot and there was not a dull moment at all. Although it is not in-depth and comprehensive, I assume the full course and certification will be. I am looking forward to taking more courses under Coursera.

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