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

The Hong Kong University of Science and Technology via Coursera

17 Reviews 233 students interested
Found in Accounting
  • Provider Coursera
  • Cost Free Online Course (Audit)
  • Session Upcoming
  • Language English
  • Certificate Paid Certificate Available
  • Effort 1-2 hours a week
  • Start Date
  • Duration 5 weeks long
  • Learn more about MOOCs

Taken this course? Share your experience with other students. Write review

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 for Coursera's Accounting, Business and Society: The Multi-faceted Role of Accounting
4.6 Based on 17 reviews

  • 5 stars 71%
  • 4 stars 24%
  • 3 star 6%
  • 2 star 0%
  • 1 star 0%

Did you take this course? Share your experience with other students.

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  • 1
Anonymous
5.0 11 months ago
Anonymous is taking this course right now.
The course gives me a different angle to accounting professionals. They are more than just calculating profit for the company, but they involve in the company's management.

It is very interactive and I love the way the instructor delivers the materials.
Was this review helpful to you? Yes
Nandini G
5.0 4 months ago
Nandini is taking this course right now.
I'm obliged to do this course from coursera, as it provided me the basic knowledge towards how companies work over a time of period. It gives me a learning of CSR and CG also.
Was this review helpful to you? Yes
Anonymous
5.0 4 months ago
Anonymous is taking this course right now.
I'm greatful that I can be a part of this course, felt obliged that coursera gave me a chance. Will suggest everyone to do this course for making career in managment.
Was this review helpful to you? Yes
Arti S
5.0 7 months ago
Arti is taking this course right now.
A wonderful course,excellently delivered. i would recommend this course to anyone looking to gain an introduction on refreshers into the world of accounting.
Was this review helpful to you? Yes
Anonymous
3.0 11 months ago
Anonymous is taking this course right now.
It is decent. I learnt much about the use of accounting, its value to society and business ethics. I would like to recommend this course to the people around me.
Was this review helpful to you? Yes
Anonymous
5.0 6 months ago
Anonymous completed this course.
It is decent. I learnt much about the use of accounting, its value to society and business ethics. I would like to recommend this course to the people around me
Was this review helpful to you? Yes
Anonymous
5.0 4 months ago
Anonymous completed this course.
learned a lot. It was good to have knowledge about the content which could be helpful in future prespective. will like to do more ciurses from coursera.
Was this review helpful to you? Yes
Anonymous
4.0 5 months ago
Anonymous is taking this course right now.
the only problem i found with this course was that they wouldnt accept my assignment submission quickly. the course is interesting and easy to grasp
Was this review helpful to you? Yes
Anonymous
4.0 6 months ago
Anonymous completed this course.
Good course i liked this course

It was very usefull for knowing

Accounting business and society and the role of accounying in this world

Was this review helpful to you? Yes
Anonymous
5.0 7 months ago
Anonymous completed this course.
This course is beneficial to improve my knowledge and help to increase knowledge in various aspects. It give extra knowlege about accountants.

Was this review helpful to you? Yes
Pooja K
5.0 7 months ago
Pooja completed this course.
this course is very effective and increase the knowledge of student. it is very beneficial for future and bring improvement in knowledge.
Was this review helpful to you? Yes
Anonymous
5.0 7 months ago
Anonymous completed this course.
Actually really nyc nd helpful course.thankuhful to course era for helping me to do this course.as i am an finance student it is really helpful
Was this review helpful to you? Yes
Anonymous
5.0 7 months ago
Anonymous is taking this course right now.
Great website for doing courses of any kind and any field. Great work by coursera. Thank you for providing me such opportunities
Was this review helpful to you? Yes
Anonymous
5.0 7 months ago
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.
Was this review helpful to you? Yes
Anonymous
5.0 4 months ago
Anonymous is taking this course right now.
help to boost career; one should do it to have knowledge about accounting and all the very best to all of you
Was this review helpful to you? Yes
Crisilda J
4.0 4 weeks ago
Crisilda is taking this course right now, spending 5 hours a week on it and found the course difficulty to be medium.
The course is really good. It has given me a wider view of what accounting is. It is really time consuming though.
Was this review helpful to you? Yes
Anonymous
4.0 7 months ago
Anonymous is taking this course right now.
It was my pleasure working on this course for my personal growth in my career ahead to increase my knowledge.
Was this review helpful to you? Yes
  • 1

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